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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SPML Infra Ltd – a Multi-sector Infrastructure Player

About the Company - SPML Infra Ltd

SPML Infra Ltd. is a Public Limited Listed company incorporated on 27/08/1981 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L40106DL1981PLC012228 and registration number is 012228. Currently Company is involved in the business activities of Construction and maintenance of water main and line connection, water reservoirs including irrigation system (canal). Company’s Total Operating Revenue is Rs. 853.10 Cr. and Equity Capital is Rs. 8.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction & ContractingF-27/2, Okhla Industrial Area, New Delhi Delhi 110020info@spml.co.in
http://www.spml.co.in
Management
NamePosition Held
Mr. Subhash Chand SethiChairman & Wholetime Director
Mr. Sushil Kumar SethiVice Chairman & Non Exe.Dire
Mr. Prem Singh RanaIndependent Director
Mr. Tirudaimarudhur Srivastan SivashankaIndependent Director
Mrs. Pavitra Joshi SinghIndependent Director
Ms. Arundhuti DharIndependent Director

SPML Infra Ltd. Share Price Update

Share PriceValue
Today₹111.35
Previous Day₹113.60

Basic Stock Data of SPML Infra Ltd

Market Cap 552 Cr.
Current Price 113
High / Low121/16.8
Stock P/E35.4
Book Value 69.3
Dividend Yield0.00 %
ROCE2.51 %
ROE0.11 %
Face Value 2.00

Data Source: screener.in

Competitors of SPML Infra Ltd – a Multi-sector Infrastructure Player

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vipul Ltd 278 Cr. 23.223.2/10.011.5 6.850.00 %3.82 %17.1 % 1.00
Ramky Infrastructure Ltd 4,534 Cr. 6551,009/26016.9 2340.00 %15.8 %8.79 % 10.0
NCC Ltd 14,387 Cr. 229234/87.421.4 1000.97 %18.7 %9.99 % 2.00
AMJ Land Holdings Ltd 167 Cr. 40.845.8/18.820.9 40.00.50 %6.86 %4.22 % 2.00
Simplex Infrastructures Ltd 630 Cr. 110110/29.8 25.60.00 %0.67 %100 % 2.00
Industry Average218.6 Cr211.614.1481.290.29%9.17%28.02%3.4

SPML Infra Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales72.96309.21211.42185.31248.71276.01241.74129.13137.23153.28463.50351.62253.90
Expenses54.76371.57282.71199.36241.41269.33242.16122.54153.66155.14419.68352.59253.69
Operating Profit18.20-62.36-71.29-14.057.306.68-0.426.59-16.43-1.8643.82-0.970.21
OPM %24.95%-20.17%-33.72%-7.58%2.94%2.42%-0.17%5.10%-11.97%-1.21%9.45%-0.28%0.08%
Other Income14.6811.4633.6011.254.032.3913.015.0911.642.758.154.683.08
Interest50.79-29.950.283.123.364.7715.5210.253.143.9936.542.501.52
Depreciation1.391.351.301.121.150.930.810.790.740.740.930.660.62
Profit before tax-19.30-22.30-39.27-7.046.823.37-3.740.64-8.67-3.8414.500.551.15
Tax %10.16%-20.94%8.99%64.06%-4.40%31.16%-70.59%79.69%0.12%-32.81%5.66%18.18%67.83%
Net Profit-13.83-27.26-44.76-1.867.091.01-6.380.41-8.67-5.1013.680.450.37
EPS in Rs-3.75-7.48-12.06-0.501.930.30-1.520.10-1.78-1.243.010.090.07

SPML Infra Ltd Quarterly Chart

SPML Infra Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0921,3471,5021,8242,0352,2762,0492,0121,7066839528831,222
Expenses9341,2101,4031,6721,8332,1001,8331,8431,6306909578541,181
Operating Profit15813710015220217621716976-7-62941
OPM %14%10%7%8%10%8%11%8%4%-1%-1%3%3%
Other Income1143898353997368112-43302819
Interest12315116819822526021416115767225045
Depreciation2525272427211711116433
Profit before tax214-6133-6606521-122-1312
Tax %39%-24%-28%69%361%100%19%38%71%4%89%88%
Net Profit147-122-11-450407-117-009
EPS in Rs2.151.48-3.410.26-1.63-2.3313.7510.841.80-31.980.080.091.93
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

SPML Infra Ltd Profit & Loss Yearly Chart

SPML Infra Ltd Growth

Compounded Sales Growth
10 Years:-4%
5 Years:-16%
3 Years:-20%
TTM:56%
Compounded Profit Growth
10 Years:-26%
5 Years:-63%
3 Years:-63%
TTM:174%
Stock Price CAGR
10 Years:16%
5 Years:30%
3 Years:103%
1 Year:359%
Return on Equity
10 Years:2%
5 Years:2%
3 Years:-1%
Last Year:0%

SPML Infra Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital888888888891011
Reserves462464450464460372457412376254277315329
Preference Capital00000000003418
Borrowings7698341,0198421,2061,2361,4061,4461,5281,8441,8121,7541,755
Other Liabilities7748821,1111,3891,5801,3821,4961,6301,086615708714712
Total Liabilities2,0142,1892,5882,7033,2532,9983,3673,4962,9982,7202,8052,7932,807
Fixed Assets220225208319643308303291122117133129128
CWIP19130444287965448465656565656
Investments14413813318014219415217211970655999
Other Assets1,4581,5201,8052,1162,3722,4422,8632,9862,7012,4782,5512,5492,523
Total Assets2,0142,1892,5882,7033,2532,9983,3673,4962,9982,7202,8052,7932,807

SPML Infra Ltd Reserves and Borrowings Chart

SPML Infra Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 127261-111258295-161234178-3-302-1920
Cash from Investing Activity -82-191-165-699989783259913646
Cash from Financing Activity -47-78263-182-39069-330-168-273231-16-87
Net Cash Flow-1-8-1474-3-1812-17191-21

SPML Infra Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days165139100141166104116123100651468495
Inventory Days542021132320271920155153549
Days Payable3362352372313462503302682008427152,581
Cash Conversion Cycle-117-75-116-77-156-125-188-126-80-36-94-1,537
Working Capital Days85691944745599116180653474487
ROCE %11%11%11%14%15%15%15%11%9%3%1%3%

SPML Infra Ltd Financial Efficiency Indicators Chart

SPML Infra Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters29.88%29.88%29.88%29.88%34.81%39.78%36.10%36.10%36.10%39.35%39.35%39.35%
FIIs0.00%0.00%0.00%0.00%0.00%0.18%0.03%0.00%0.00%0.00%0.00%0.00%
DIIs12.20%6.79%4.80%3.15%2.93%2.71%2.52%2.52%2.52%2.34%2.34%2.34%
Public57.92%63.34%65.32%66.97%62.26%57.32%61.35%61.36%61.36%58.32%58.31%58.31%
No. of Shareholders7,3458,1198,4579,09710,54611,97412,36912,16711,92011,44510,5119,619

SPML Infra Ltd Shareholding Pattern Chart

No. of SPML Infra Ltd Shareholders

This stock is not held by any mutual fund

SPML Infra Ltd ROCE Trend

SPML Infra Ltd EPS Trend

SPML Infra Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)0.070.09-31.981.8010.84
Diluted EPS (Rs.)0.070.09-31.981.8010.84
Cash EPS (Rs.)0.700.73-26.305.1611.77
Book Value[Excl.RevalReserv]/Share (Rs.)66.5966.8667.6997.66147.65
Book Value[Incl.RevalReserv]/Share (Rs.)66.5966.8667.6997.66147.65
Revenue From Operations / Share (Rs.)177.53217.56166.66416.49490.94
PBDIT / Share (Rs.)11.337.9914.9947.0057.04
PBIT / Share (Rs.)10.687.0713.6444.2754.38
PBT / Share (Rs.)0.58-0.44-2.715.9715.18
Net Profit / Share (Rs.)0.06-0.18-27.662.439.11
NP After MI And SOA / Share (Rs.)0.070.07-28.611.619.70
PBDIT Margin (%)6.373.678.9911.2811.61
PBIT Margin (%)6.013.258.1810.6311.07
PBT Margin (%)0.32-0.20-1.621.433.09
Net Profit Margin (%)0.03-0.08-16.590.581.85
NP After MI And SOA Margin (%)0.040.03-17.160.381.97
Return on Networth / Equity (%)0.120.11-44.721.719.45
Return on Capital Employeed (%)4.512.735.4114.7115.25
Return On Assets (%)0.010.01-4.300.211.13
Long Term Debt / Equity (X)1.962.322.481.751.61
Total Debt / Equity (X)5.406.346.923.893.32
Asset Turnover Ratio (%)0.310.320.220.310.47
Current Ratio (X)1.051.081.051.051.03
Quick Ratio (X)0.991.021.011.011.00
Inventory Turnover Ratio (X)0.679.182.546.0513.48
Interest Coverage Ratio (X)1.121.060.911.231.45
Interest Coverage Ratio (Post Tax) (X)1.010.970.901.061.23
Enterprise Value (Cr.)1839.342060.881809.151496.831580.38
EV / Net Operating Revenue (X)2.082.172.650.870.78
EV / EBITDA (X)32.6558.9529.457.776.76
MarketCap / Net Operating Revenue (X)0.090.260.050.010.06
Price / BV (X)0.260.870.150.050.29
Price / Net Operating Revenue (X)0.090.260.050.010.06
EarningsYield0.000.00-2.910.320.32

SPML Infra Ltd Profitability Ratios (%)

SPML Infra Ltd Liquidity Ratios

SPML Infra Ltd Liquidity Ratios (%)

SPML Infra Ltd Interest Coverage Ratios (X)

SPML Infra Ltd Valuation Ratios

Fair Value / Intrinsic Value of SPML Infra Ltd

Fair Value: ₹2.75

The stock is overvalued by 97.56% compared to the current price ₹113

*Investments are subject to market risks

Strength and Weakness of SPML Infra Ltd

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -99.25, which is a positive sign.
  2. The company has higher reserves (391.69 cr) compared to borrowings (4.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (194.77 cr) and profit (5.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 26.01 and average Dividend Yield of 7.83%.
  2. The stock has a low average ROCE of 9.92%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 196.25, which may not be favorable.

Should I Buy SPML Infra Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in SPML Infra Ltd – a Multi-sector Infrastructure Player:
    1. Net Profit Margin: 0.03%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 4.51% (Industry Average ROCE: 25.28%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.01
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.99
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 34.7 (Industry average Stock P/E: 31.44)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: 5.40
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SPML Infra Ltd – a Multi-sector Infrastructure Player. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE