Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

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

Basic Stock Data

Last Updated: June 19, 2024, 2:22 pm

Market Cap 878 Cr.
Current Price 179
High / Low180/33.2
Stock P/E
Book Value 94.0
Dividend Yield0.00 %
ROCE3.50 %
ROE0.55 %
Face Value 2.00
PEG Ratio0.00

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

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Parshwanath Corporation Ltd 15.9 Cr. 50.785.0/30.434.5 36.90.00 %4.20 %4.07 % 10.0
Hindustan Construction Company Ltd 8,170 Cr. 48.651.2/17.0 1.000.00 %21.6 %% 1.00
PSP Projects Ltd 2,614 Cr. 659846/59821.0 2540.38 %19.1 %14.4 % 10.0
Poddar Housing & Development Ltd 66.0 Cr. 90.8161/82.0 1390.00 %3.95 %34.9 % 10.0
Setubandhan Infrastructure Ltd 12.2 Cr. 0.970.97/0.55135 3.940.00 %0.44 %0.18 % 1.00
Industry Average7,354.08 Cr299.7636.78141.090.10%13.48%51.25%6.71

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales211.42185.31248.71276.01241.74129.13137.23153.28463.50351.62253.90252.24461.21
Expenses282.71199.36241.41269.33242.16122.54153.66155.14419.68352.59253.69255.78443.66
Operating Profit-71.29-14.057.306.68-0.426.59-16.43-1.8643.82-0.970.21-3.5417.55
OPM %-33.72%-7.58%2.94%2.42%-0.17%5.10%-11.97%-1.21%9.45%-0.28%0.08%-1.40%3.81%
Other Income33.6011.254.032.3913.015.0911.642.758.154.683.088.7329.31
Interest0.283.123.364.7715.5210.253.143.9936.542.501.522.7550.14
Depreciation1.301.121.150.930.810.790.740.740.930.660.620.540.55
Profit before tax-39.27-7.046.823.37-3.740.64-8.67-3.8414.500.551.151.90-3.83
Tax %8.99%64.06%-4.40%31.16%-70.59%79.69%0.12%-32.81%5.66%18.18%67.83%40.00%6.79%
Net Profit-44.76-1.867.091.01-6.380.41-8.67-5.1013.680.450.371.14-3.56
EPS in Rs-12.06-0.501.930.30-1.520.10-1.78-1.243.010.090.070.23-1.81

Last Updated: June 9, 2024, 9:44 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:09 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0921,3471,5021,8242,0352,2762,0492,0121,7066839528831,321
Expenses9341,2101,4031,6721,8332,1001,8331,8431,6306909578541,282
Operating Profit15813710015220217621716976-7-62940
OPM %14%10%7%8%10%8%11%8%4%-1%-1%3%3%
Other Income1143898353997368112-43302825
Interest12315116819822526021416115767225043
Depreciation2525272427211711116433
Profit before tax214-6133-6606521-122-1318
Tax %39%-24%-28%69%361%100%19%38%71%4%89%88%
Net Profit147-122-11-450407-117-0016
EPS in Rs2.151.48-3.410.26-1.63-2.3313.7510.841.80-31.980.080.093.40
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-2022
YoY Net Profit Growth (%)-50.00%-271.43%116.67%-650.00%63.64%1350.00%-20.00%-82.50%-1771.43%100.00%
Change in YoY Net Profit Growth (%)0.00%-221.43%388.10%-766.67%713.64%1286.36%-1370.00%-62.50%-1688.93%1871.43%

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-8%
3 Years:25%
TTM:49%
Compounded Profit Growth
10 Years:6%
5 Years:%
3 Years:21%
TTM:-738%
Stock Price CAGR
10 Years:9%
5 Years:54%
3 Years:134%
1 Year:259%
Return on Equity
10 Years:2%
5 Years:0%
3 Years:0%
Last Year:-1%

Last Updated: June 16, 2024, 4:53 pm

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

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

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow158.00137.00100.00152.00202.00176.00217.00169.0076.00-7.00-40.0011.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days139100141166104116123100651468495112
Inventory Days202113232027192015515354913
Days Payable2352372313462503302682008427152,581130
Cash Conversion Cycle-75-116-77-156-125-188-126-80-36-94-1,537-4
Working Capital Days69194474559911618065347448787
ROCE %11%11%14%15%15%15%11%9%3%1%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters29.88%29.88%29.88%34.81%39.78%36.10%36.10%36.10%39.35%39.35%39.35%39.35%
FIIs0.00%0.00%0.00%0.00%0.18%0.03%0.00%0.00%0.00%0.00%0.00%0.41%
DIIs6.79%4.80%3.15%2.93%2.71%2.52%2.52%2.52%2.34%2.34%2.34%2.34%
Public63.34%65.32%66.97%62.26%57.32%61.35%61.36%61.36%58.32%58.31%58.31%57.92%
No. of Shareholders8,1198,4579,09710,54611,97412,36912,16711,92011,44510,5119,6199,506

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-1.420.070.09-31.981.80
Diluted EPS (Rs.)-1.380.070.09-31.981.80
Cash EPS (Rs.)0.010.700.73-26.305.16
Book Value[Excl.RevalReserv]/Share (Rs.)86.9666.5966.8667.6997.66
Book Value[Incl.RevalReserv]/Share (Rs.)86.9666.5966.8667.6997.66
Revenue From Operations / Share (Rs.)247.46177.53217.56166.66416.49
PBDIT / Share (Rs.)10.5811.337.9914.9947.00
PBIT / Share (Rs.)10.1210.687.0713.6444.27
PBT / Share (Rs.)-0.190.58-0.44-2.715.97
Net Profit / Share (Rs.)-0.450.06-0.18-27.662.43
NP After MI And SOA / Share (Rs.)-1.310.070.07-28.611.61
PBDIT Margin (%)4.276.373.678.9911.28
PBIT Margin (%)4.086.013.258.1810.63
PBT Margin (%)-0.070.32-0.20-1.621.43
Net Profit Margin (%)-0.180.03-0.08-16.590.58
NP After MI And SOA Margin (%)-0.520.040.03-17.160.38
Return on Networth / Equity (%)-1.510.120.11-44.721.71
Return on Capital Employeed (%)4.494.512.735.4114.71
Return On Assets (%)-0.360.010.01-4.300.21
Long Term Debt / Equity (X)0.661.962.322.481.75
Total Debt / Equity (X)1.195.406.346.923.89
Asset Turnover Ratio (%)0.560.310.320.220.31
Current Ratio (X)1.501.051.081.051.05
Quick Ratio (X)1.440.991.021.011.01
Inventory Turnover Ratio (X)15.710.679.182.546.05
Interest Coverage Ratio (X)0.991.121.060.911.23
Interest Coverage Ratio (Post Tax) (X)0.921.010.970.901.06
Enterprise Value (Cr.)1006.591839.342060.881809.151496.83
EV / Net Operating Revenue (X)0.762.082.172.650.87
EV / EBITDA (X)17.8532.6558.9529.457.77
MarketCap / Net Operating Revenue (X)0.520.090.260.050.01
Price / BV (X)1.500.260.870.150.05
Price / Net Operating Revenue (X)0.520.090.260.050.01
EarningsYield-0.010.000.00-2.910.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 7.91

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 95.58% compared to the current price 179

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 8.98

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 94.98% compared to the current price ₹179

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 13.56%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -89.83, which is a positive sign.
  2. The company has higher reserves (395.92 cr) compared to borrowings (4.33 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (194.77 cr) and profit (5.62 cr) over the years.
  1. The stock has a low average ROCE of 9.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 196.42, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in SPML Infra Ltd – a Multi-sector Infrastructure Player:
    1. Net Profit Margin: -0.18%
      • 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: 4.49% (Industry Average ROCE: 11.94%)
      • 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. ROE%: -1.51% (Industry Average ROE: 9.7%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.92
      • 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.
    5. Quick Ratio: 1.44
      • 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.
    6. Stock P/E: (Industry average Stock P/E: 20.44)
      • 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.
    7. ✗ Total Debt / Equity: 1.19
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
Industry not foundAddress not foundContact not found
Management Data not Available

FAQ

What is the latest fair value of SPML Infra Ltd – a Multi-sector Infrastructure Player?

The latest fair value of SPML Infra Ltd – a Multi-sector Infrastructure Player is ₹7.91.

What is the Market Cap of SPML Infra Ltd – a Multi-sector Infrastructure Player?

The Market Cap of SPML Infra Ltd – a Multi-sector Infrastructure Player is 878 Cr..

What is the current Stock Price of SPML Infra Ltd – a Multi-sector Infrastructure Player as on 19 June 2024?

The current stock price of SPML Infra Ltd – a Multi-sector Infrastructure Player as on 19 June 2024 is ₹179.

What is the High / Low of SPML Infra Ltd – a Multi-sector Infrastructure Player stocks in FY 2024?

In FY 2024, the High / Low of SPML Infra Ltd – a Multi-sector Infrastructure Player stocks is 180/33.2.

What is the Stock P/E of SPML Infra Ltd – a Multi-sector Infrastructure Player?

The Stock P/E of SPML Infra Ltd – a Multi-sector Infrastructure Player is .

What is the Book Value of SPML Infra Ltd – a Multi-sector Infrastructure Player?

The Book Value of SPML Infra Ltd – a Multi-sector Infrastructure Player is 94.0.

What is the Dividend Yield of SPML Infra Ltd – a Multi-sector Infrastructure Player?

The Dividend Yield of SPML Infra Ltd – a Multi-sector Infrastructure Player is 0.00 %.

What is the ROCE of SPML Infra Ltd – a Multi-sector Infrastructure Player?

The ROCE of SPML Infra Ltd – a Multi-sector Infrastructure Player is 3.50 %.

What is the ROE of SPML Infra Ltd – a Multi-sector Infrastructure Player?

The ROE of SPML Infra Ltd – a Multi-sector Infrastructure Player is 0.55 %.

What is the Face Value of SPML Infra Ltd – a Multi-sector Infrastructure Player?

The Face Value of SPML Infra Ltd – a Multi-sector Infrastructure Player is 2.00.

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