Spacenet Enterprises India Ltd.

•

spacenetent.comBSE: -NSE: SPCENET

Market Cap₹ 194 Cr.

Current Price

High / Low₹ 11 / 3

Stock P/E7.7

Book Value₹ 3

Price to Book2.73

Dividend Yield0.29 %

ROCE10.3 %

ROE11.6 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Trading of Goods: 65.6% • Service Income: 34.4%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 258.4% YoY, showing strong momentum
Company has delivered good sales growth of 155.1% CAGR over last 5 years
Operating margins have improved to 8.7% from 2.4%
Company has consistently been profitable over the last 5 years

CONS

Company has a low return on capital employed of 10.1%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.52x)
Operating cash flow has been negative in recent years
Free cash flow has been persistently negative
Effective tax rate is unusually low at 7.8% - earnings may be flattered

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	2936.00	53.39	397452.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	998.00	27.21	45304.36	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
3.	AEGISLOG	1270.55	35.64	44596.31	0.68	544.84	210.70	2356.86	37.07	19.76	30.28
4.	CPPLUS	3705.90	91.86	43840.96	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	371.40	17.07	29035.10	1.62	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.75	61.67	15347.59	0.64	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	74.20	100.87	11327.02	0.20	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	826.10	83.74	10411.77	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	64.18	21.52	9627.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1827.20	63.41	7952.54	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	CELLO	342.50	24.69	7724.69	0.44	73.40	-8.99	526.72	-0.43	17.15	18.80
12.	SPCENET	3.41	7.73	193.60	0.29	13.76	258.39	48.88	-8.45	10.34	-1.79

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	22	29	30	48	34	45	39	39	53	48	48	45	49
	20	26	26	46	31	41	37	34	49	45	45	39	52
Operating Profit	2	3	4	2	3	4	2	5	4	4	3	6	-3
OPM %	11.24%	9.66%	12.94%	3.67%	9.44%	9.05%	4.30%	11.83%	8.32%	7.25%	6.17%	13.59%	-7.13%
	0	0	0	0	0	0	0	1	0	3	1	0	20
Interest	0	0	0	0	0	0	0	0	0	0	0	0	1
Depreciation	0	0	0	0	0	0	0	1	1	1	1	2	2
Profit before Tax	2	3	4	2	3	4	1	5	4	6	3	5	16
Tax %	0.00%	0.00%	0.00%	7.14%	15.46%	9.84%	8.70%	1.22%	1.79%	12.41%	4.01%	3.45%	15.91%
Net Profit	0	0	0	0	3	3	1	5	4	5	3	4	14
	0.05	0.05	0.07	0.03	0.05	0.06	0.02	0.09	0.07	0.08	0.05	0.09	0.23

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	27	37	61	11	1	1	43	145	128	157	190
	35	42	66	21	5	1	43	142	117	143	181
Operating Profit	-8	-5	-5	-10	-3	-0	0	3	11	14	9
OPM %	-31.20%	-14.24%	-8.42%	-92.97%	-234.99%	-85.29%	0.88%	1.85%	8.53%	8.72%	4.79%
	1	1	0	0	0	6	1	0	0	1	25
Interest	2	2	2	1	0	0	0	0	0	0	1
Depreciation	1	0	0	0	0	0	0	0	0	1	5
Profit before Tax	-11	-6	-7	-10	-3	5	1	3	11	13	30
Tax %	-0.00%	-0.83%	-0.00%	-0.00%	-0.76%	0.00%	15.31%	-4.28%	1.22%	7.79%	12.03%
Net Profit	-11	-6	-7	-10	-4	5	1	3	11	12	26
EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.05	0.19	0.21	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 155%
3 Years:: 54%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 154%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 12%
3 Years:: -48%
1 Year:: -51%

RETURN ON EQUITY

10 Years:: -9%
5 Years:: 9%
3 Years:: 12%
Last Year:: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	49	49	49	49	5	5	53	53	55	56
Minority Interest	0	0	0	0	0	0	2	2	5	4
	-41	-47	-54	-65	-24	-14	-19	-16	24	74
	10	10	11	12	13	7	4	0	1	1
Trade Payables	10	12	41	33	7	0	10	17	13	23
	5	5	4	4	4	3	3	25	29	34
Total Liabilities	32	29	51	33	4	0	53	81	126	193
	1	0	0	0	0	0	6	6	13	25
Capital Work in Progress	0	0	0	0	0	0	0	0	10	30
	0	0	0	0	0	0	6	19	41	57
	0	0	0	0	0	0	0	0	41	52
Cash & Bank	1	0	0	0	0	0	6	2	6	2
	31	28	51	33	4	0	35	55	15	27
Total Assets	32	29	51	33	4	0	53	81	126	193

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-1	2	0	-0	-0	6	-6	-3	-1	17
Cash from Investing	1	-0	0	0	0	0	-15	-10	-40	-50
Cash from Financing	-0	-1	-0	0	0	-6	23	11	46	29
	-1	-0	-0	0	-0	-0	2	-2	4	-4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	-2.16	-1.29	-1.40	-2.13	-0.71	1.01	0.01	0.05	0.19	0.21
Book Value (₹)	1.56	0.33	-1.05	-3.25	-3.89	-1.89	0.65	0.71	1.44	2.31
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	-2.01	-1.22	-1.38	-2.11	-0.70	1.01	0.02	0.05	0.20	0.24
PROFITABILITY
Operating Margin %	-28.25%	-11.58%	-7.84%	-88.79%	-216.07%	1030.95%	2.37%	2.14%	8.53%	8.72%
Net Margin %	-39.44%	-17.00%	-11.30%	-96.04%	-240.70%	981.80%	1.64%	1.82%	8.33%	7.75%
ROE %	0.00%	-135.49%	0.00%	0.00%	0.00%	0.00%	5.65%	7.29%	18.32%	11.61%
ROCE %	-40.79%	-32.06%	-56.02%	-825.37%	0.00%	0.00%	4.82%	6.29%	13.77%	10.34%
	-22.62%	-20.59%	-17.13%	-24.64%	-18.53%	203.25%	2.66%	3.91%	10.29%	7.61%
EFFICIENCY
Debtor Days	348	140	157	1159	4109	0	193	76	111	107
Inventory Days	0	0	0	0	0	0	0	0	1	1
Payable Days	0	0	0	0	0	0	46	37	48	49
	348	140	157	1159	4109	0	147	39	64	59
FINANCIAL HEALTH
Debt to Equity (x)	1.26x	5.93x	-2.19x	-0.76x	-0.67x	-0.74x	0.11x	0.01x	0.01x	0.01x
Interest Coverage (x)	-3.63x	-2.78x	-2.46x	-14.52x	-12.85x	22.72x	33.69x	8.31x	81.53x	80.07x
	1.09x	0.89x	0.86x	0.64x	0.16x	0.13x	2.65x	2.11x	3.90x	2.17x
GROWTH
Revenue Growth %	-74.85%	38.38%	64.33%	-82.13%	-86.64%	-65.44%	8485.05%	235.05%	-11.30%	22.50%
Operating Profit Growth %	81.71%	43.26%	-11.23%	-102.38%	67.49%	264.88%	-80.30%	203.57%	264.40%	30.33%
Net Profit Growth %	77.73%	40.37%	-9.25%	-51.88%	66.52%	240.95%	-85.69%	271.66%	307.16%	13.90%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	277.07%	10.82%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	136.28x	29.96x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	18.02x	2.73x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	125.57x	24.16x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	15.87	15.67	15.61	15.60	15.60	15.56	15.56	15.52	15.52
	0.00	0.37	1.22	1.19	1.92	1.92	1.66	1.65	1.65
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	84.13	83.96	83.17	83.20	82.47	82.52	82.78	82.83	82.83

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Spacenet Enterprises India Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Shareholders meeting

2026-09-02 - Spacenet Enterprises India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Spacenet Enterprises India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Spacenet Enterprises India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Appointment

2026-08-14 - Spacenet Enterprises India Limited has informed the Exchange regarding Appointment of Mr. Srikanth Tatipaka as Non- Executive Director of the company w.e.f. August 14, 2026.

2026-08-14

Appointment

2026-08-14 - Spacenet Enterprises India Limited has informed the Exchange regarding Appointment of Mr. Dasigi Venkata Surya Prakash Rao as Chairman of the company w.e.f. August 14, 2026.

2026-08-14

Outcome of Board Meeting

2026-08-14 - Spacenet Enterprises India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-12

General Updates

2026-08-12 - Spacenet Enterprises India Limited has informed the Exchange about General Updates

2026-07-14

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-14 - Spacenet Enterprises India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

News

Recent coverage and analyst commentary for SPCENET

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Name

ADANIENT

2936.00

53.39

397452.96

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

PREMIERENE

998.00

27.21

45304.36

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

AEGISLOG

1270.55

35.64

44596.31

0.68

544.84

210.70

2356.86

37.07

19.76

30.28

CPPLUS

3705.90

91.86

43840.96

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

REDINGTON

371.40

17.07

29035.10

1.62

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.75

61.67

15347.59

0.64

90.45

118.87

755.95

27.00

8.99

14.58

LLOYDSENT

74.20

100.87

11327.02

0.20

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

826.10

83.74

10411.77

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

64.18

21.52

9627.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1827.20

63.41

7952.54

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

CELLO

342.50

24.69

7724.69

0.44

73.40

-8.99

526.72

-0.43

17.15

18.80

SPCENET

3.41

7.73

193.60

0.29

13.76

258.39

48.88

-8.45

10.34

-1.79

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-3

OPM %

11.24%

9.66%

12.94%

3.67%

9.44%

9.05%

4.30%

11.83%

8.32%

7.25%

6.17%

13.59%

-7.13%

Interest

Depreciation

Profit before Tax

Tax %

0.00%

7.14%

15.46%

9.84%

8.70%

1.22%

1.79%

12.41%

4.01%

3.45%

15.91%

Net Profit

0.05

0.07

0.03

0.05

0.06

0.02

0.09

0.07

0.08

0.05

0.09

0.23

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

145

128

157

190

142

117

143

181

Operating Profit

-8

-5

-10

-3

-0

OPM %

-31.20%

-14.24%

-8.42%

-92.97%

-234.99%

-85.29%

0.88%

1.85%

8.53%

8.72%

4.79%

Interest

Depreciation

Profit before Tax

-11

-6

-7

-10

-3

Tax %

-0.00%

-0.83%

-0.00%

-0.76%

0.00%

15.31%

-4.28%

1.22%

7.79%

12.03%

Net Profit

-11

-6

-7

-10

-4

EPS

0.00

0.03

0.05

0.19

0.21

—

Dividend Payout %

0.00%

—

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

-41

-47

-54

-65

-24

-14

-19

-16

Trade Payables

Total Liabilities

126

193

Capital Work in Progress

Cash & Bank

Total Assets

126

193

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-1

-0

-6

-3

-1

Cash from Investing

-0

-15

-10

-40

-50

Cash from Financing

-0

-1

-0

-6

-1

-0

-2

-4

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

-2.16

-1.29

-1.40

-2.13

-0.71

1.01

0.01

0.05

0.19

0.21

Book Value (₹)

1.56

0.33

-1.05

-3.25

-3.89

-1.89

0.65

0.71

1.44

2.31

Dividend per Share (₹)

0.00

Cash EPS (₹)

-2.01

-1.22

-1.38

-2.11

-0.70

1.01

0.02

0.05

0.20

0.24

PROFITABILITY

Operating Margin %

-28.25%

-11.58%

-7.84%

-88.79%

-216.07%

1030.95%

2.37%

2.14%

8.53%

8.72%

Net Margin %

-39.44%

-17.00%

-11.30%

-96.04%

-240.70%

981.80%

1.64%

1.82%

8.33%

7.75%

ROE %

0.00%

-135.49%

0.00%

5.65%

7.29%

18.32%

11.61%

ROCE %

-40.79%

-32.06%

-56.02%

-825.37%

0.00%

4.82%

6.29%

13.77%

10.34%

-22.62%

-20.59%

-17.13%

-24.64%

-18.53%

203.25%

2.66%

3.91%

10.29%

7.61%

EFFICIENCY

Debtor Days

348

140

157

1159

4109

193

111

107

Inventory Days

Payable Days

348

140

157

1159

4109

147

FINANCIAL HEALTH

Debt to Equity (x)

1.26x

5.93x

-2.19x

-0.76x

-0.67x

-0.74x

0.11x

0.01x

Interest Coverage (x)

-3.63x

-2.78x

-2.46x

-14.52x

-12.85x

22.72x

33.69x

8.31x

81.53x

80.07x

1.09x

0.89x

0.86x

0.64x

0.16x

0.13x

2.65x

2.11x

3.90x

2.17x

GROWTH

Revenue Growth %

-74.85%

38.38%

64.33%

-82.13%

-86.64%

-65.44%

8485.05%

235.05%

-11.30%

22.50%

Operating Profit Growth %

81.71%

43.26%

-11.23%

-102.38%

67.49%

264.88%

-80.30%

203.57%

264.40%

30.33%

Net Profit Growth %

77.73%

40.37%

-9.25%

-51.88%

66.52%

240.95%

-85.69%

271.66%

307.16%

13.90%

0.00%

277.07%

10.82%

VALUATION

P/E (x)

0.00x

136.28x

29.96x

P/B (x)

0.00x

18.02x

2.73x

Dividend Yield %

0.00%

0.00x

125.57x

24.16x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

15.87

15.67

15.61

15.60

15.56

15.52

0.00

0.37

1.22

1.19

1.92

1.66

1.65

DIIs

0.00

Government

0.00

84.13

83.96

83.17

83.20

82.47

82.52

82.78

82.83

Spacenet Enterprises India Ltd.

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Quarterly Results

Profit & Loss

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Spacenet Enterprises India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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