SPEL Semiconductor Ltd.
•Market Cap₹ 686 Cr.
Current Price
High / Low₹ 157 / 140
Stock P/E0.0
Book Value₹ 0
Price to Book186.17
Dividend Yield0.00 %
ROCE-55.1 %
ROE-298.8 %
Face Value₹ 10
Add ratio to table
ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
Confidence
View full sector analysis →72%
PROS
CONS
- Company is loss-making at the operating / net level
- Company has a high debt-to-equity of 6.86x
- Company has a low return on equity of -143.7% over last 3 years
- Company has a low return on capital employed of -36.7%
- Interest coverage is weak at -3.6x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.04x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRMA | 1436.45 | 75.25 | 27699.14 | 0.10 | 105.69 | 111.72 | 1588.62 | 68.29 | 17.70 | 10.17 |
| KAYNES | 3586.70 | 69.55 | 24043.32 | 0.00 | 56.43 | -24.37 | 946.02 | 40.47 | 13.38 | 15.60 |
| AVALON | 2189.15 | 109.59 | 14641.54 | 0.00 | 34.87 | 145.31 | 484.41 | 49.83 | 14.12 | 11.96 |
| UTLSOLAR | 441.50 | 45.40 | 13549.71 | 0.00 | 577.94 | — | 13456.93 | — | 40.63 | 18.94 |
| CYIENTDLM | 854.70 | 82.64 | 6784.90 | 0.00 | 162.85 | 2082.10 | 3738.00 | 1242.54 | 10.41 | 9.93 |
| VIKRAMSOLR | 169.00 | 17.16 | 6123.79 | 0.00 | 19.78 | -85.17 | 1563.09 | 37.89 | 34.07 | 8.06 |
| SAATVIKGL | 416.25 | 21.33 | 5290.75 | 0.00 | 5.36 | -95.49 | 511.01 | -44.20 | 55.18 | 6.62 |
| WEBELSOLAR | 73.93 | 10.59 | 3209.77 | 0.34 | 777.90 | 1511.56 | 3726.00 | 2053.88 | 63.74 | 33.70 |
| KERNEX | 1735.35 | 15.29 | 2916.02 | 0.00 | 109.85 | 1382.00 | 503.58 | 800.38 | 23.69 | 32.33 |
| INA | 89.45 | 9.85 | 1971.94 | 0.00 | 380.25 | 796.94 | 7406.98 | 1766.82 | 34.98 | 9.74 |
| MODINSULAT | 410.00 | 20.53 | 1932.90 | 0.00 | 29.60 | 94.43 | 188.30 | 33.19 | 10.53 | 16.89 |
| SPELS | 148.75 | 0.00 | 686.00 | 0.00 | -1.34 | 76.01 | 0.08 | -95.85 | -55.06 | -1058.75 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 1 | 2 | 0 | |
| 5 | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 2 | 2 | 2 | 0 | 2 | |
| Operating Profit | -6 | -5 | -6 | -6 | -4 | -6 | -7 | -13 | -7 | -23 | -11 | 2 | -1 |
| OPM % | -118.52% | -205.88% | -255.70% | -236.55% | -204.21% | -420.86% | -385.19% | -546.53% | -355.96% | -1524.84% | -1712.70% | 105.05% | -1058.75% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | -0 | 0 | 0 | 0 | 0 | 0 |
| -4 | -4 | -4 | -4 | -4 | -5 | -5 | -8 | -6 | -12 | -7 | 1 | -1 | |
| Tax % | 0.49% | 2.36% | 3.17% | -16.38% | 0.28% | 0.43% | 0.62% | 4.54% | -0.00% | -0.00% | -0.00% | 0.00% | -0.00% |
| Net Profit | -4 | -4 | -4 | -5 | -4 | -5 | -5 | -8 | -6 | -12 | -7 | 1 | -1 |
| -1 | -1 | -1 | -1 | -1 | -1 | -1 | -2 | -1 | -3 | -1 | 0 | -0 | |
| Equity Capital | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 36 | 42 | 26 | 37 | 16 | 16 | 11 | 12 | 8 | 6 | 4 | |
| 37 | 44 | 34 | 31 | 22 | 17 | 7 | 15 | 13 | 7 | 7 | |
| Operating Profit | 1 | -0 | -3 | 8 | -0 | -0 | 11 | -1 | -4 | 1 | — |
| OPM % | 2 | -1 | -11 | 21 | -1 | -2 | 98 | -8 | -49 | 21 | — |
| Other Income | 2 | 2 | 5 | 2 | 5 | 1 | 7 | 2 | 2 | 2 | 2 |
| Interest | 3 | 3 | 3 | 1 | 1 | 1 | 3 | 3 | 3 | 5 | 4 |
| Depreciation | 7 | 6 | 5 | 5 | 4 | 5 | 4 | 3 | 2 | 1 | 1 |
| -8 | -8 | -11 | 1 | -8 | -12 | -5 | -16 | -21 | -24 | -20 | |
| Tax % | -4 | -2 | 2 | 22 | -2 | -3 | 32 | -3 | 2 | 0 | 0 |
| Net Profit | -9 | -8 | -11 | 1 | -9 | -12 | -3 | -17 | -21 | -24 | -20 |
| EPS | 0 | 0 | 0 | 0 | -2 | -3 | -1 | -4 | -5 | -5 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -2 | -2 | -2 | 0 | -2 | -3 | -1 | -4 | -5 | -5 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -13%
- 5 Years:
- -17%
- 3 Years:
- -17%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- -51%
- 5 Years:
- -91%
- 3 Years:
- -144%
- Last Year:
- -299%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| 12 | 41 | 31 | 33 | 26 | 14 | 3 | -13 | -33 | -43 | |
| 15 | 12 | 9 | 11 | 12 | 6 | 6 | 8 | 10 | 9 | |
| Trade Payables | 13 | 18 | 16 | 18 | 9 | 11 | 6 | 5 | 4 | 3 |
| 37 | 53 | 61 | 74 | 73 | 101 | 101 | 100 | 102 | 99 | |
| Total Liabilities | 123 | 170 | 163 | 182 | 166 | 177 | 164 | 146 | 128 | 115 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 69 | 126 | 122 | 117 | 113 | 112 | 29 | 26 | 23 | 25 | |
| 12 | 4 | 4 | 11 | 11 | 12 | 51 | 37 | 23 | 3 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Cash & Bank | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 36 | 39 | 37 | 54 | 43 | 53 | 84 | 81 | 81 | 86 | |
| Total Assets | 123 | 170 | 163 | 182 | 166 | 177 | 164 | 146 | 128 | 115 |
| Total Debt | 28 | 25 | 22 | 28 | 30 | 31 | 25 | 28 | 31 | 21 |
| Net Working Capital | 8 | 2 | -4 | 5 | 3 | -1 | -17 | -30 | -48 | -71 |
| Contingent Liabilities | 3 | 6 | 6 | 1 | 5 | 5 | 13 | 13 | 0 | 0 |
| Book Value per Share | 10.48 | 18.87 | 16.81 | 17.13 | 15.62 | 12.98 | 10.74 | 7.17 | 2.80 | 0.66 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | -2 | -3 | -9 | -2 | 13 | |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 1 | 12 | 9 | 1 | 2 |
| Cash from Financing | 0 | 0 | 0 | 0 | 0 | 1 | -8 | 0 | 0 | -15 |
| 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | -2 | -3 | -9 | -2 | 12 |
| OCF / Net Profit | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | 0.20 | 1.04 | 0.53 | 0.08 | -0.54 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -2 | -6 | -14 | -16 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | -1.91 | -1.84 | -2.33 | 0.23 | -1.87 | -2.57 | -0.67 | -3.64 | -4.56 | -5.17 |
| Book Value (₹) | 10.48 | 18.87 | 16.81 | 17.13 | 15.62 | 12.98 | 10.74 | 7.17 | 2.80 | 0.66 |
| 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 (₹) | -0.36 | -0.47 | -1.21 | 1.31 | -0.94 | -1.55 | 0.19 | -3.02 | -4.13 | -4.92 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 1.85% | -1.13% | -11.45% | 21.30% | -1.09% | -2.10% | 97.67% | -20.85% | -69.92% | -15.25% |
| Net Margin % | -24.62% | -20.33% | -40.76% | 2.88% | -54.24% | -75.70% | -27.67% | -139.85% | -267.62% | -379.64% |
| ROE % | -18.47% | -12.52% | -13.05% | 1.35% | -11.43% | -17.96% | -5.65% | -40.65% | -91.52% | -298.82% |
| ROCE % | -8.24% | -5.77% | -7.71% | 2.69% | -6.98% | -11.07% | -2.36% | -20.01% | -35.12% | -55.06% |
| -6.93% | -5.78% | -6.44% | 0.61% | -4.96% | -6.90% | -1.81% | -10.86% | -15.39% | -19.61% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 99 | 77 | 45 | 182 | 830 | 1038 | 825 | 46 | 45 | 40 |
| Inventory Days | 236 | 73 | 60 | 75 | 243 | 262 | 1021 | 1335 | 1400 | 757 |
| Payable Days | 314 | 345 | 637 | 688 | 987 | 981 | -510 | 416 | 546 | 883 |
| 21 | -196 | -532 | -431 | 85 | 320 | 2357 | 966 | 900 | -86 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.58x | 0.29x | 0.29x | 0.35x | 0.42x | 0.52x | 0.51x | 0.84x | 2.40x | 6.86x |
| Interest Coverage (x) | -2.15x | -1.88x | -2.87x | 1.94x | -6.25x | -12.37x | -0.76x | -4.89x | -6.00x | -3.61x |
| 1.20x | 1.05x | 0.91x | 1.09x | 1.06x | 0.99x | 0.77x | 0.57x | 0.34x | 0.05x | |
| GROWTH | ||||||||||
| Revenue Growth % | 37.97% | 16.81% | -36.78% | 38.73% | -56.43% | -1.73% | -28.64% | 7.52% | -34.49% | -20.15% |
| Operating Profit Growth % | 107.58% | -171.29% | -539.69% | 357.96% | -102.23% | -88.82% | 3426.69% | -108.70% | -305.29% | 133.63% |
| Net Profit Growth % | 55.61% | 3.58% | -26.74% | 109.81% | -919.57% | -37.16% | 73.92% | -443.44% | -25.37% | -13.28% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -443.48% | -25.37% | -13.28% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.33x | 43.82x | 186.17x |
| 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 | -633.78x | -155.26x | 454.59x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for SPELS
Loading news…
🤖
AI Stock Analyst
SPEL Semiconductor Ltd.
🔒
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account