SPML Infra Ltd.
•₹ 192.941.07%
2026-08-21
PROS
- Company has delivered good profit growth of 37.0% CAGR over last 5 years
- Promoters have been increasing their shareholding - up 4.9pp over 2 years
- Latest quarter profit grew 87.1% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 11.36x)
- Operating margins have improved to 5.5% from 2.5%
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (94.6% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of 3.0% over last 3 years
- Company has a low return on capital employed of 5.0%
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LT | 4030.10 | 33.42 | 554487.79 | 0.94 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 223.10 | 51.71 | 46516.80 | 0.32 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| 3. | KPIL | 1377.05 | 20.69 | 23516.23 | 0.80 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.97 | 24.01 | 22911.97 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1263.50 | 36.08 | 21705.36 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 236.95 | 16.98 | 13317.59 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | TECHNOE | 997.70 | 26.92 | 11603.21 | 0.70 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 8. | IRCON | 122.60 | 22.02 | 11530.72 | 1.55 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 9. | KEC | 423.05 | 20.34 | 11261.59 | 1.30 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 277.95 | 70.65 | 10222.57 | 0.72 | 303.00 | 120.52 | 26710.00 | 692.49 | 12.88 | 9.42 |
| 11. | WAAREERTL | 880.80 | 18.09 | 9193.72 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | SPMLINFRA | 195.65 | 19.48 | 1659.97 | 0.00 | 22.68 | 87.14 | 284.28 | 82.34 | 8.93 | 9.45 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 352 | 254 | 252 | 461 | 207 | 189 | 188 | 192 | 156 | 188 | 230 | 291 | 284 | |
| 353 | 254 | 256 | 444 | 195 | 176 | 178 | 179 | 149 | 179 | 205 | 270 | 263 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 5 | 3 | 9 | 27 | 15 | 6 | 4 | 0 | 17 | 11 | 1 | 3 | 1 |
| Interest | 2 | 2 | 3 | 50 | 10 | 3 | 1 | 1 | 9 | 0 | 5 | 2 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| 1 | 1 | 2 | -5 | 16 | 16 | 12 | 12 | 15 | 19 | 20 | 21 | 23 | |
| Tax % | 18.18% | 70.91% | 40.86% | 5.70% | 19.22% | 17.26% | 18.50% | 4.44% | 18.74% | 20.89% | 0.00% | -32.28% | 0.01% |
| Net Profit | 0 | 0 | 0 | 0 | 13 | 13 | 10 | 12 | 12 | 15 | 20 | 27 | 23 |
| 0 | 0 | 0 | -2 | 3 | 2 | 1 | 1 | 2 | 2 | 3 | 3 | 0 | |
| Equity Capital | 11 | 11 | 11 | 11 | 13 | 13 | 15 | 15 | 15 | 15 | 16 | 17 | 18 |
| 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% |
| Equity Capital | 11 | 11 | 11 | 11 | 13 | 13 | 15 | 15 | 15 | 15 | 16 | 17 | 18 |
| 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% |
Jun 2023
- 352
- 353
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 2
- Depreciation
- 1
- 1
- Tax %
- 18.18%
- Net Profit
- 0
- 0
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 254
- 254
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 1
- 1
- Tax %
- 70.91%
- Net Profit
- 0
- 0
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 252
- 256
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 3
- Depreciation
- 1
- 2
- Tax %
- 40.86%
- Net Profit
- 0
- 0
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 461
- 444
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 50
- Depreciation
- 1
- -5
- Tax %
- 5.70%
- Net Profit
- 0
- -2
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 11
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 207
- 195
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 10
- Depreciation
- 0
- 16
- Tax %
- 19.22%
- Net Profit
- 13
- 3
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 189
- 176
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 3
- Depreciation
- 0
- 16
- Tax %
- 17.26%
- Net Profit
- 13
- 2
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 188
- 178
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 1
- Depreciation
- 0
- 12
- Tax %
- 18.50%
- Net Profit
- 10
- 1
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 192
- 179
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 12
- Tax %
- 4.44%
- Net Profit
- 12
- 1
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 156
- 149
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 9
- Depreciation
- 0
- 15
- Tax %
- 18.74%
- Net Profit
- 12
- 2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 188
- 179
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 0
- Depreciation
- 0
- 19
- Tax %
- 20.89%
- Net Profit
- 15
- 2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 230
- 205
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 1
- 20
- Tax %
- 0.00%
- Net Profit
- 20
- 3
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 291
- 270
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 1
- 21
- Tax %
- -32.28%
- Net Profit
- 27
- 3
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 284
- 263
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 1
- 23
- Tax %
- 0.01%
- Net Profit
- 23
- 0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,035 | 2,276 | 2,049 | 2,012 | 1,706 | 683 | 952 | 883 | 1,319 | 771 | 992 | |
| 1,838 | 2,113 | 1,834 | 1,843 | 1,626 | 685 | 957 | 854 | 1,306 | 728 | 917 | |
| Operating Profit | 256 | 261 | 276 | 234 | 193 | 61 | 24 | 56 | 56 | 96 | — |
| OPM % | 13 | 11 | 13 | 12 | 11 | 9 | 2 | 6 | 4 | 12 | — |
| Other Income | 59 | 98 | 61 | 65 | 112 | 64 | 29 | 28 | 43 | 53 | 17 |
| Interest | 225 | 260 | 214 | 161 | 157 | 67 | 22 | 50 | 57 | 39 | 12 |
| Depreciation | 27 | 21 | 17 | 11 | 11 | 6 | 4 | 3 | 2 | 1 | 3 |
| 4 | -21 | 46 | 62 | 24 | -16 | -1 | 3 | -0 | 57 | 83 | |
| Tax % | 275 | 31 | 25 | 40 | 59 | 29 | 89 | 88 | -606 | 15 | -3 |
| Net Profit | -7 | -14 | 35 | 37 | 10 | -11 | -0 | 0 | -2 | 48 | 86 |
| EPS | 0 | 0 | 0 | 0 | 0 | -32 | 0 | 0 | -1 | 7 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 5 | 0 | 2 | -1 | 1 | 1 | 0 | 0 | -5 | 0 | 0 |
| Share of Associates | -2 | 6 | 14 | 3 | -4 | 0 | 0 | 0 | 0 | 0 | -1 |
| Adjusted EPS | -1 | -2 | 14 | 11 | 2 | -32 | 0 | 0 | -1 | 7 | — |
| Minority Interest | 5 | 0 | 2 | -1 | 1 | 1 | 0 | 0 | -5 | 0 | 0 |
| Share of Associates | -2 | 6 | 14 | 3 | -4 | 0 | 0 | 0 | 0 | 0 | -1 |
| Adjusted EPS | -1 | -2 | 14 | 11 | 2 | -32 | 0 | 0 | -1 | 7 | — |
Mar 2016
- 2,035
- 1,838
- Operating Profit
- 256
- OPM %
- 13
- Other Income
- 59
- Interest
- 225
- Depreciation
- 27
- 4
- Tax %
- 275
- Net Profit
- -7
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 5
- Share of Associates
- -2
- Adjusted EPS
- -1
- Minority Interest
- 5
- Share of Associates
- -2
- Adjusted EPS
- -1
Mar 2017
- 2,276
- 2,113
- Operating Profit
- 261
- OPM %
- 11
- Other Income
- 98
- Interest
- 260
- Depreciation
- 21
- -21
- Tax %
- 31
- Net Profit
- -14
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 6
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 6
- Adjusted EPS
- -2
Mar 2018
- 2,049
- 1,834
- Operating Profit
- 276
- OPM %
- 13
- Other Income
- 61
- Interest
- 214
- Depreciation
- 17
- 46
- Tax %
- 25
- Net Profit
- 35
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 2
- Share of Associates
- 14
- Adjusted EPS
- 14
- Minority Interest
- 2
- Share of Associates
- 14
- Adjusted EPS
- 14
Mar 2019
- 2,012
- 1,843
- Operating Profit
- 234
- OPM %
- 12
- Other Income
- 65
- Interest
- 161
- Depreciation
- 11
- 62
- Tax %
- 40
- Net Profit
- 37
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -1
- Share of Associates
- 3
- Adjusted EPS
- 11
- Minority Interest
- -1
- Share of Associates
- 3
- Adjusted EPS
- 11
Mar 2020
- 1,706
- 1,626
- Operating Profit
- 193
- OPM %
- 11
- Other Income
- 112
- Interest
- 157
- Depreciation
- 11
- 24
- Tax %
- 59
- Net Profit
- 10
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 1
- Share of Associates
- -4
- Adjusted EPS
- 2
- Minority Interest
- 1
- Share of Associates
- -4
- Adjusted EPS
- 2
Mar 2021
- 683
- 685
- Operating Profit
- 61
- OPM %
- 9
- Other Income
- 64
- Interest
- 67
- Depreciation
- 6
- -16
- Tax %
- 29
- Net Profit
- -11
- EPS
- -32
- Dividend Payout %
- 0
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -32
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -32
Mar 2022
- 952
- 957
- Operating Profit
- 24
- OPM %
- 2
- Other Income
- 29
- Interest
- 22
- Depreciation
- 4
- -1
- Tax %
- 89
- Net Profit
- -0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2023
- 883
- 854
- Operating Profit
- 56
- OPM %
- 6
- Other Income
- 28
- Interest
- 50
- Depreciation
- 3
- 3
- Tax %
- 88
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2024
- 1,319
- 1,306
- Operating Profit
- 56
- OPM %
- 4
- Other Income
- 43
- Interest
- 57
- Depreciation
- 2
- -0
- Tax %
- -606
- Net Profit
- -2
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2025
- 771
- 728
- Operating Profit
- 96
- OPM %
- 12
- Other Income
- 53
- Interest
- 39
- Depreciation
- 1
- 57
- Tax %
- 15
- Net Profit
- 48
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
TTM
- 992
- 917
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 12
- Depreciation
- 3
- 83
- Tax %
- -3
- Net Profit
- 86
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- -1
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- -1
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- -8%
- 5 Years:
- -15%
- 3 Years:
- -7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 48%
- 5 Years:
- 49%
- 3 Years:
- 430%
STOCK PRICE CAGR
- 10 Years:
- 10%
- 5 Years:
- 75%
- 3 Years:
- 73%
- 1 Year:
- -34%
RETURN ON EQUITY
- 10 Years:
- 2%
- 5 Years:
- 1%
- 3 Years:
- 3%
- Last Year:
- 9%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 7 | 7 | 7 | 7 | 7 | 7 | 8 | 9 | 10 | 14 | |
| 460 | 372 | 457 | 412 | 376 | 254 | 277 | 315 | 310 | 703 | |
| 703 | 948 | 576 | 770 | 854 | 1,193 | 1,118 | 1,089 | 10 | 26 | |
| Trade Payables | 1,127 | 903 | 964 | 941 | 631 | 386 | 423 | 434 | 374 | 478 |
| 978 | 715 | 1,306 | 1,253 | 1,037 | 781 | 874 | 841 | 1,085 | 645 | |
| Total Liabilities | 3,276 | 2,945 | 3,310 | 3,383 | 2,906 | 2,621 | 2,700 | 2,688 | 1,788 | 1,866 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 643 | 308 | 294 | 282 | 122 | 117 | 133 | 129 | 42 | 6 | |
| Capital Work in Progress | 96 | 54 | 48 | 46 | 56 | 56 | 56 | 56 | 0 | 0 |
| 142 | 194 | 161 | 181 | 119 | 70 | 65 | 59 | 38 | 39 | |
| 75 | 72 | 77 | 67 | 63 | 71 | 90 | 92 | 37 | 50 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 404 | 396 | |
| Cash & Bank | 140 | 156 | 125 | 121 | 34 | 59 | 43 | 23 | 234 | 209 |
| 2,179 | 2,161 | 2,603 | 2,686 | 2,511 | 2,247 | 2,313 | 2,329 | 1,033 | 1,167 | |
| Total Assets | 3,276 | 2,945 | 3,310 | 3,383 | 2,906 | 2,621 | 2,700 | 2,688 | 1,788 | 1,866 |
| Total Debt | 1,206 | 1,236 | 1,406 | 1,446 | 1,528 | 1,843 | 1,811 | 1,753 | 549 | 369 |
| Net Working Capital | -80 | -371 | 131 | 68 | 80 | 87 | 131 | 83 | 302 | 455 |
| Contingent Liabilities | 883 | 1,000 | 843 | 623 | 489 | 464 | 292 | 62 | 40 | 78 |
| Book Value per Share | 127.51 | 103.56 | 126.62 | 114.40 | 104.62 | 71.26 | 72.27 | 71.29 | 65.19 | 100.31 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 1,206 | 1,236 | 1,406 | 1,446 | 1,528 | 1,843 | 1,811 | 1,753 | 549 | 369 |
| Net Working Capital | -80 | -371 | 131 | 68 | 80 | 87 | 131 | 83 | 302 | 455 |
| Contingent Liabilities | 883 | 1,000 | 843 | 623 | 489 | 464 | 292 | 62 | 40 | 78 |
| Book Value per Share | 127.51 | 103.56 | 126.62 | 114.40 | 104.62 | 71.26 | 72.27 | 71.29 | 65.19 | 100.31 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2016
- 7
- 460
- 703
- Trade Payables
- 1,127
- 978
- Total Liabilities
- 3,276
- 643
- Capital Work in Progress
- 96
- 142
- 75
- 0
- Cash & Bank
- 140
- 2,179
- Total Assets
- 3,276
- Total Debt
- 1,206
- Net Working Capital
- -80
- Contingent Liabilities
- 883
- Book Value per Share
- 127.51
- Face Value
- 2.00
- Total Debt
- 1,206
- Net Working Capital
- -80
- Contingent Liabilities
- 883
- Book Value per Share
- 127.51
- Face Value
- 2.00
Mar 2017
- 7
- 372
- 948
- Trade Payables
- 903
- 715
- Total Liabilities
- 2,945
- 308
- Capital Work in Progress
- 54
- 194
- 72
- 0
- Cash & Bank
- 156
- 2,161
- Total Assets
- 2,945
- Total Debt
- 1,236
- Net Working Capital
- -371
- Contingent Liabilities
- 1,000
- Book Value per Share
- 103.56
- Face Value
- 2.00
- Total Debt
- 1,236
- Net Working Capital
- -371
- Contingent Liabilities
- 1,000
- Book Value per Share
- 103.56
- Face Value
- 2.00
Mar 2018
- 7
- 457
- 576
- Trade Payables
- 964
- 1,306
- Total Liabilities
- 3,310
- 294
- Capital Work in Progress
- 48
- 161
- 77
- 0
- Cash & Bank
- 125
- 2,603
- Total Assets
- 3,310
- Total Debt
- 1,406
- Net Working Capital
- 131
- Contingent Liabilities
- 843
- Book Value per Share
- 126.62
- Face Value
- 2.00
- Total Debt
- 1,406
- Net Working Capital
- 131
- Contingent Liabilities
- 843
- Book Value per Share
- 126.62
- Face Value
- 2.00
Mar 2019
- 7
- 412
- 770
- Trade Payables
- 941
- 1,253
- Total Liabilities
- 3,383
- 282
- Capital Work in Progress
- 46
- 181
- 67
- 0
- Cash & Bank
- 121
- 2,686
- Total Assets
- 3,383
- Total Debt
- 1,446
- Net Working Capital
- 68
- Contingent Liabilities
- 623
- Book Value per Share
- 114.40
- Face Value
- 2.00
- Total Debt
- 1,446
- Net Working Capital
- 68
- Contingent Liabilities
- 623
- Book Value per Share
- 114.40
- Face Value
- 2.00
Mar 2020
- 7
- 376
- 854
- Trade Payables
- 631
- 1,037
- Total Liabilities
- 2,906
- 122
- Capital Work in Progress
- 56
- 119
- 63
- 0
- Cash & Bank
- 34
- 2,511
- Total Assets
- 2,906
- Total Debt
- 1,528
- Net Working Capital
- 80
- Contingent Liabilities
- 489
- Book Value per Share
- 104.62
- Face Value
- 2.00
- Total Debt
- 1,528
- Net Working Capital
- 80
- Contingent Liabilities
- 489
- Book Value per Share
- 104.62
- Face Value
- 2.00
Mar 2021
- 7
- 254
- 1,193
- Trade Payables
- 386
- 781
- Total Liabilities
- 2,621
- 117
- Capital Work in Progress
- 56
- 70
- 71
- 0
- Cash & Bank
- 59
- 2,247
- Total Assets
- 2,621
- Total Debt
- 1,843
- Net Working Capital
- 87
- Contingent Liabilities
- 464
- Book Value per Share
- 71.26
- Face Value
- 2.00
- Total Debt
- 1,843
- Net Working Capital
- 87
- Contingent Liabilities
- 464
- Book Value per Share
- 71.26
- Face Value
- 2.00
Mar 2022
- 8
- 277
- 1,118
- Trade Payables
- 423
- 874
- Total Liabilities
- 2,700
- 133
- Capital Work in Progress
- 56
- 65
- 90
- 0
- Cash & Bank
- 43
- 2,313
- Total Assets
- 2,700
- Total Debt
- 1,811
- Net Working Capital
- 131
- Contingent Liabilities
- 292
- Book Value per Share
- 72.27
- Face Value
- 2.00
- Total Debt
- 1,811
- Net Working Capital
- 131
- Contingent Liabilities
- 292
- Book Value per Share
- 72.27
- Face Value
- 2.00
Mar 2023
- 9
- 315
- 1,089
- Trade Payables
- 434
- 841
- Total Liabilities
- 2,688
- 129
- Capital Work in Progress
- 56
- 59
- 92
- 0
- Cash & Bank
- 23
- 2,329
- Total Assets
- 2,688
- Total Debt
- 1,753
- Net Working Capital
- 83
- Contingent Liabilities
- 62
- Book Value per Share
- 71.29
- Face Value
- 2.00
- Total Debt
- 1,753
- Net Working Capital
- 83
- Contingent Liabilities
- 62
- Book Value per Share
- 71.29
- Face Value
- 2.00
Mar 2024
- 10
- 310
- 10
- Trade Payables
- 374
- 1,085
- Total Liabilities
- 1,788
- 42
- Capital Work in Progress
- 0
- 38
- 37
- 404
- Cash & Bank
- 234
- 1,033
- Total Assets
- 1,788
- Total Debt
- 549
- Net Working Capital
- 302
- Contingent Liabilities
- 40
- Book Value per Share
- 65.19
- Face Value
- 2.00
- Total Debt
- 549
- Net Working Capital
- 302
- Contingent Liabilities
- 40
- Book Value per Share
- 65.19
- Face Value
- 2.00
Mar 2025
- 14
- 703
- 26
- Trade Payables
- 478
- 645
- Total Liabilities
- 1,866
- 6
- Capital Work in Progress
- 0
- 39
- 50
- 396
- Cash & Bank
- 209
- 1,167
- Total Assets
- 1,866
- Total Debt
- 369
- Net Working Capital
- 455
- Contingent Liabilities
- 78
- Book Value per Share
- 100.31
- Face Value
- 2.00
- Total Debt
- 369
- Net Working Capital
- 455
- Contingent Liabilities
- 78
- Book Value per Share
- 100.31
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 295 | -161 | 234 | 178 | -3 | -302 | -19 | 20 | 594 | -84 | |
| Cash from Investing | 95 | 108 | 68 | -29 | 282 | 91 | 36 | 46 | -7 | -90 |
| Cash from Financing | -390 | 69 | -330 | -168 | -273 | 231 | -16 | -87 | -410 | 76 |
| 0 | 16 | -28 | -20 | 6 | 19 | 1 | -21 | 178 | -99 | |
| Free Cash Flow | -60 | -161 | 234 | 178 | -3 | -302 | -37 | 20 | 594 | -84 |
| OCF / Net Profit | -40.27 | 11.24 | 6.76 | 4.76 | -0.26 | 27.50 | 136.50 | 59.28 | -370.12 | -1.76 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 188 | -54 | 70 | -144 | 273 | 191 |
| OCF / Net Profit | -40.27 | 11.24 | 6.76 | 4.76 | -0.26 | 27.50 | 136.50 | 59.28 | -370.12 | -1.76 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 188 | -54 | 70 | -144 | 273 | 191 |
Mar 2016
- 295
- Cash from Investing
- 95
- Cash from Financing
- -390
- 0
- Free Cash Flow
- -60
- OCF / Net Profit
- -40.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -40.27
- Cumulative 5-Year FCF
- 0
Mar 2017
- -161
- Cash from Investing
- 108
- Cash from Financing
- 69
- 16
- Free Cash Flow
- -161
- OCF / Net Profit
- 11.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 11.24
- Cumulative 5-Year FCF
- 0
Mar 2018
- 234
- Cash from Investing
- 68
- Cash from Financing
- -330
- -28
- Free Cash Flow
- 234
- OCF / Net Profit
- 6.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 6.76
- Cumulative 5-Year FCF
- 0
Mar 2019
- 178
- Cash from Investing
- -29
- Cash from Financing
- -168
- -20
- Free Cash Flow
- 178
- OCF / Net Profit
- 4.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.76
- Cumulative 5-Year FCF
- 0
Mar 2020
- -3
- Cash from Investing
- 282
- Cash from Financing
- -273
- 6
- Free Cash Flow
- -3
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- 188
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- 188
Mar 2021
- -302
- Cash from Investing
- 91
- Cash from Financing
- 231
- 19
- Free Cash Flow
- -302
- OCF / Net Profit
- 27.50
- Cumulative 5-Year FCF
- -54
- OCF / Net Profit
- 27.50
- Cumulative 5-Year FCF
- -54
Mar 2022
- -19
- Cash from Investing
- 36
- Cash from Financing
- -16
- 1
- Free Cash Flow
- -37
- OCF / Net Profit
- 136.50
- Cumulative 5-Year FCF
- 70
- OCF / Net Profit
- 136.50
- Cumulative 5-Year FCF
- 70
Mar 2023
- 20
- Cash from Investing
- 46
- Cash from Financing
- -87
- -21
- Free Cash Flow
- 20
- OCF / Net Profit
- 59.28
- Cumulative 5-Year FCF
- -144
- OCF / Net Profit
- 59.28
- Cumulative 5-Year FCF
- -144
Mar 2024
- 594
- Cash from Investing
- -7
- Cash from Financing
- -410
- 178
- Free Cash Flow
- 594
- OCF / Net Profit
- -370.12
- Cumulative 5-Year FCF
- 273
- OCF / Net Profit
- -370.12
- Cumulative 5-Year FCF
- 273
Mar 2025
- -84
- Cash from Investing
- -90
- Cash from Financing
- 76
- -99
- Free Cash Flow
- -84
- OCF / Net Profit
- -1.76
- Cumulative 5-Year FCF
- 191
- OCF / Net Profit
- -1.76
- Cumulative 5-Year FCF
- 191
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -1.36 | -2.33 | 13.75 | 10.84 | 1.80 | -31.98 | 0.08 | 0.09 | -1.42 | 6.70 |
| Book Value (₹) | 127.51 | 103.56 | 126.62 | 114.40 | 104.62 | 71.26 | 72.27 | 71.29 | 65.19 | 100.31 |
| 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 (₹) | 5.32 | 1.86 | 14.04 | 13.16 | 5.76 | -1.48 | 0.98 | 0.78 | 0.16 | 6.83 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 12.59% | 11.46% | 13.49% | 11.62% | 11.29% | 9.00% | 2.49% | 6.38% | 1.00% | 5.54% |
| Net Margin % | -0.36% | -0.63% | 1.69% | 1.86% | 0.58% | -1.61% | -0.01% | 0.04% | -0.12% | 6.22% |
| ROE % | -1.57% | -3.38% | 8.21% | 8.46% | 2.48% | -3.41% | -0.05% | 0.11% | -0.50% | 9.25% |
| ROCE % | 15.38% | 14.56% | 14.89% | 11.93% | 9.60% | 2.56% | 0.96% | 2.52% | 3.65% | 8.93% |
| -0.24% | -0.46% | 1.11% | 1.12% | 0.32% | -0.40% | -0.01% | 0.01% | -0.07% | 2.62% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 146 | 127 | 116 | 121 | 123 | 450 | 467 | 347 | 120 | 190 |
| Inventory Days | 11 | 12 | 13 | 13 | 14 | 36 | 31 | 38 | 18 | 21 |
| Payable Days | 308 | 281 | 320 | 272 | 249 | 1108 | 684 | 2547 | 1468 | 2437 |
| -151 | -142 | -191 | -138 | -113 | -622 | -186 | -2162 | -1331 | -2227 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.58x | 3.25x | 3.02x | 3.44x | 3.98x | 7.03x | 5.66x | 5.12x | 1.71x | 0.51x |
| Interest Coverage (x) | 1.02x | 0.92x | 1.22x | 1.39x | 1.16x | 0.77x | 0.94x | 1.06x | 1.00x | 2.43x |
| 0.96x | 0.82x | 1.07x | 1.03x | 1.05x | 1.05x | 1.08x | 1.05x | 1.43x | 1.78x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 11.60% | 11.81% | -9.95% | -1.85% | -15.16% | -59.98% | 39.38% | -7.21% | 49.35% | -41.57% |
| Operating Profit Growth % | 8.83% | 1.76% | 6.02% | -15.45% | -17.59% | -68.10% | -61.49% | 138.17% | -0.07% | 70.82% |
| Net Profit Growth % | -275.30% | -95.18% | 342.08% | 7.80% | -73.37% | -210.52% | 98.74% | 343.34% | -575.21% | 3084.14% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -1753.62% | 571.12% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.68x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.98x | 1.58x |
| 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 | 16.83x | 13.47x |
Mar 2016
- EPS (₹)
- -1.36
- Book Value (₹)
- 127.51
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.32
- Operating Margin %
- 12.59%
- Net Margin %
- -0.36%
- ROE %
- -1.57%
- ROCE %
- 15.38%
- -0.24%
- Debtor Days
- 146
- Inventory Days
- 11
- Payable Days
- 308
- -151
- Debt to Equity (x)
- 2.58x
- Interest Coverage (x)
- 1.02x
- 0.96x
- Revenue Growth %
- 11.60%
- Operating Profit Growth %
- 8.83%
- Net Profit Growth %
- -275.30%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -2.33
- Book Value (₹)
- 103.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.86
- Operating Margin %
- 11.46%
- Net Margin %
- -0.63%
- ROE %
- -3.38%
- ROCE %
- 14.56%
- -0.46%
- Debtor Days
- 127
- Inventory Days
- 12
- Payable Days
- 281
- -142
- Debt to Equity (x)
- 3.25x
- Interest Coverage (x)
- 0.92x
- 0.82x
- Revenue Growth %
- 11.81%
- Operating Profit Growth %
- 1.76%
- Net Profit Growth %
- -95.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 13.75
- Book Value (₹)
- 126.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 14.04
- Operating Margin %
- 13.49%
- Net Margin %
- 1.69%
- ROE %
- 8.21%
- ROCE %
- 14.89%
- 1.11%
- Debtor Days
- 116
- Inventory Days
- 13
- Payable Days
- 320
- -191
- Debt to Equity (x)
- 3.02x
- Interest Coverage (x)
- 1.22x
- 1.07x
- Revenue Growth %
- -9.95%
- Operating Profit Growth %
- 6.02%
- Net Profit Growth %
- 342.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 10.84
- Book Value (₹)
- 114.40
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 13.16
- Operating Margin %
- 11.62%
- Net Margin %
- 1.86%
- ROE %
- 8.46%
- ROCE %
- 11.93%
- 1.12%
- Debtor Days
- 121
- Inventory Days
- 13
- Payable Days
- 272
- -138
- Debt to Equity (x)
- 3.44x
- Interest Coverage (x)
- 1.39x
- 1.03x
- Revenue Growth %
- -1.85%
- Operating Profit Growth %
- -15.45%
- Net Profit Growth %
- 7.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 1.80
- Book Value (₹)
- 104.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.76
- Operating Margin %
- 11.29%
- Net Margin %
- 0.58%
- ROE %
- 2.48%
- ROCE %
- 9.60%
- 0.32%
- Debtor Days
- 123
- Inventory Days
- 14
- Payable Days
- 249
- -113
- Debt to Equity (x)
- 3.98x
- Interest Coverage (x)
- 1.16x
- 1.05x
- Revenue Growth %
- -15.16%
- Operating Profit Growth %
- -17.59%
- Net Profit Growth %
- -73.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -31.98
- Book Value (₹)
- 71.26
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.48
- Operating Margin %
- 9.00%
- Net Margin %
- -1.61%
- ROE %
- -3.41%
- ROCE %
- 2.56%
- -0.40%
- Debtor Days
- 450
- Inventory Days
- 36
- Payable Days
- 1108
- -622
- Debt to Equity (x)
- 7.03x
- Interest Coverage (x)
- 0.77x
- 1.05x
- Revenue Growth %
- -59.98%
- Operating Profit Growth %
- -68.10%
- Net Profit Growth %
- -210.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.08
- Book Value (₹)
- 72.27
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.98
- Operating Margin %
- 2.49%
- Net Margin %
- -0.01%
- ROE %
- -0.05%
- ROCE %
- 0.96%
- -0.01%
- Debtor Days
- 467
- Inventory Days
- 31
- Payable Days
- 684
- -186
- Debt to Equity (x)
- 5.66x
- Interest Coverage (x)
- 0.94x
- 1.08x
- Revenue Growth %
- 39.38%
- Operating Profit Growth %
- -61.49%
- Net Profit Growth %
- 98.74%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.09
- Book Value (₹)
- 71.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.78
- Operating Margin %
- 6.38%
- Net Margin %
- 0.04%
- ROE %
- 0.11%
- ROCE %
- 2.52%
- 0.01%
- Debtor Days
- 347
- Inventory Days
- 38
- Payable Days
- 2547
- -2162
- Debt to Equity (x)
- 5.12x
- Interest Coverage (x)
- 1.06x
- 1.05x
- Revenue Growth %
- -7.21%
- Operating Profit Growth %
- 138.17%
- Net Profit Growth %
- 343.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -1.42
- Book Value (₹)
- 65.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.16
- Operating Margin %
- 1.00%
- Net Margin %
- -0.12%
- ROE %
- -0.50%
- ROCE %
- 3.65%
- -0.07%
- Debtor Days
- 120
- Inventory Days
- 18
- Payable Days
- 1468
- -1331
- Debt to Equity (x)
- 1.71x
- Interest Coverage (x)
- 1.00x
- 1.43x
- Revenue Growth %
- 49.35%
- Operating Profit Growth %
- -0.07%
- Net Profit Growth %
- -575.21%
- -1753.62%
- P/E (x)
- 0.00x
- P/B (x)
- 1.98x
- Dividend Yield %
- 0.00%
- 16.83x
Mar 2025
- EPS (₹)
- 6.70
- Book Value (₹)
- 100.31
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.83
- Operating Margin %
- 5.54%
- Net Margin %
- 6.22%
- ROE %
- 9.25%
- ROCE %
- 8.93%
- 2.62%
- Debtor Days
- 190
- Inventory Days
- 21
- Payable Days
- 2437
- -2227
- Debt to Equity (x)
- 0.51x
- Interest Coverage (x)
- 2.43x
- 1.78x
- Revenue Growth %
- -41.57%
- Operating Profit Growth %
- 70.82%
- Net Profit Growth %
- 3084.14%
- 571.12%
- P/E (x)
- 23.68x
- P/B (x)
- 1.58x
- Dividend Yield %
- 0.00%
- 13.47x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-20 - SPML Infra Limited has informed the Exchange about Transcript
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - SPML Infra Limited has informed the Exchange about Link of Recording
Annual Reports
Credit Ratings
- Credit Rating- New
2026-07-23 - SPML Infra Limited has informed the Exchange about Credit Rating- New
- Credit Rating- New
2026-07-03 - SPML Infra Limited has informed the Exchange about Credit Rating- New
- Credit Rating- New
2026-06-20 - SPML Infra Limited has informed the Exchange about Credit Rating- New
Concalls
Aug 2026
Jun 2026
Apr 2026