Span Divergent Ltd - Stock Valuation and Financial Performance

BSE: 524727 | NSE: | Chemicals | Small Cap

Span Divergent Share Price

15.33 0.73 5.00%
as on 16-Apr'24 16:01

DeciZen - make an informed investing decision on Span Divergent

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Span Divergent stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
8.4 Cr.
52-wk low:
8.8
52-wk high:
18.1

Is Span Divergent Ltd an attractive stock to invest in?

1. Is Span Divergent Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Span Divergent Ltd is a below average quality company.

2. Is Span Divergent Ltd undervalued or overvalued?

The key valuation ratios of Span Divergent Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Span Divergent Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Span Divergent Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Span Divergent:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Span Divergent Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -2.6%7.4%-3.5%-4.9%-6.2%-3.8%-0.9%-0%-4%-1.6%-
Value Creation
Index
-1.2-0.5-1.3-1.4-1.5-1.3-1.1-1.0-1.3-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 77.872.902.41.71.71.71.5220
Sales YoY Gr.--6.4%-100%NA-28.9%1.8%-1.2%-14.6%34.3%0%-
Adj EPS -6.51.9-3.5-5.1-7.5-3.9-1.1-0.1-3.1-1.1-4.2
YoY Gr.-NA-286.2%NANANANANANANA-
BVPS (₹) 32.680.892.592.486.880.780.180.165.959.760.9
Adj Net
Profit
-4.71.4-1.9-2.8-4.1-2.1-0.60-1.7-0.6-2
Cash Flow from Ops. 945-4.1-0.92.4-1.11.10.4-0.30.6-
Debt/CF from Ops. 4.200-9.14-3.82.27.4-8.44.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -33.6%2.9%4.7%0%
Adj EPS NANANANA
BVPS7%-7.2%-9.3%-9.3%
Share Price -8.7% -12.5% 5.4% -2.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-17.93.3-3.5-5.5-8.4-4.6-1.4-0.1-4.3-1.7-6.9
Op. Profit
Mgn %
5.82.10-175.9-252.9-71.8-17.44.823.225.513.6
Net Profit
Mgn %
-6.11.90-116.4-242.5-121.9-35.2-2.5-87.1-30.1-496.2
Debt to
Equity
1.6000.20.20.10.10.10.10.1-
Working Cap
Days
18711701,2911,027289532721308275250
Cash Conv.
Cycle
117570-12449339-611148

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 4.65%

Sales growth is not so good in last 4 quarters at -2.45%

Latest Financials - Span Divergent Ltd.

Standalone Consolidated
TTM EPS (₹) -4.2 -6.3
TTM Sales (₹ Cr.) 0.5 12.1
BVPS (₹.) 60.9 -5.4
Reserves (₹ Cr.) 28 -8
P/BV 0.25 -2.84
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 8.80 / 18.13
All Time Low / High (₹) 1.20 / 101.50
Market Cap (₹ Cr.) 8.4
Equity (₹ Cr.) 5.5
Face Value (₹) 10
Industry PE 48.3

Management X-Ray of Span Divergent:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Span Divergent

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales77.8372.8702.391.701.731.711.461.961.96
Operating Expenses 73.8971.395.256.585.982.972.011.393.201.46
Manufacturing Costs24.1719.970.010.040.060.060.060.060.070.06
Material Costs18.7119.7601.560.0700000
Employee Cost 16.4016.560.571.633.141.711.370.951.141.04
Other Costs 14.6115.104.683.352.721.200.570.371.980.35
Operating Profit 3.941.48-5.25-4.20-4.29-1.24-0.300.07-1.230.50
Operating Profit Margin (%) 5.1%2.0%--175.0%-252.0%-71.8%-17.4%4.8%-62.9%25.5%
Other Income 1.012.132.744.023.411.231.491.752.840.74
Interest 4.414.3600.170.700.170.230.0400
Depreciation 4.775.830.170.340.561.120.920.650.510.42
Exceptional Items 047.277.420-0.64-1.83-0.54-1.11-9.17-4.11
Profit Before Tax -4.2340.684.74-0.69-2.78-3.13-0.490.02-8.07-3.30
Tax 0.915.531.210.160.300.11-0.140.02-0.320.04
Profit After Tax -5.1435.153.53-0.84-3.08-3.24-0.350-7.76-3.34
PAT Margin (%) -6.6%48.2%--35.4%-181.0%-187.0%-20.5%-0.1%-395.0%-170.0%
Adjusted EPS (₹)-7.148.36.5-1.6-5.6-5.9-0.60.0-14.2-6.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 23.7458.7950.5350.4947.4144.0943.7243.7335.9732.62
Share Capital 7.287.285.465.465.465.465.465.465.465.46
Reserves 16.4651.5145.0745.0341.9538.6338.2638.2730.5127.16
Minority Interest0000000000
Debt27.98008.509.804.172.422.762.562.54
Long Term Debt8.63001.900.090.071.492.762.562.54
Short Term Debt19.36006.609.704.100.93000
Trade Payables10.480.060.090.130.020.090.130.200.060.06
Others Liabilities 27.983.470.360.881.621.253.143.162.202.33
Total Liabilities 90.1862.3350.986058.8449.6049.4149.8540.7937.55

Fixed Assets

Gross Block68.150.642.535.288.938.929.377.116.997
Accumulated Depreciation25.580.250.410.761.011.714.532.723.083.40
Net Fixed Assets42.560.402.124.537.917.214.854.393.913.59
CWIP 4.4100.030.9200.010.020.0200
Investments 0.6446.3638.3946.1448.3940.7440.7042.8835.1031.86
Inventories17.04000000000
Trade Receivables17.5200.1300.290.240.230.120.100.16
Cash Equivalents 1.509.541.570.410.980.450.040.130.050.25
Others Assets6.506.048.7581.260.943.572.311.631.69
Total Assets 90.1862.3350.986058.8449.6049.4149.8540.7937.55

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 8.9944.99-4.14-0.932.44-1.091.100.37-0.310.58
PBT -4.20-6.59-2.68-0.69-2.78-3.13-0.490.02-8.07-3.30
Adjustment 8.799.71-1.75-1.52-1.521.890.200.058.553.97
Changes in Working Capital 4.723.2-5.140.686.580.041.460.37-0.710.02
Tax Paid -0.32-8.60-1.990.590.160.11-0.06-0.06-0.07-0.11
Cash Flow From Investing Activity -5.60-5.8310.26-8.56-2.526.390.47-0.570.43-0.36
Capex -5.9040.56-1.92-5-2.200.030.102.010.97-0.01
Net Investments 0-45.527.97-4.80-1.425.61-0.22-3.18-1.13-0.87
Others 0.30-0.874.211.241.090.760.590.590.590.52
Cash Flow From Financing Activity -3.92-32.35-12.168.330.67-5.82-1.970.30-0.20-0.02
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.90-8.6300000000
Interest Paid -4.41-4.360-0.17-0.70-0.17-0.22-0.0400
Dividend Paid 0000-0.01-0.020-0.0100
Others -0.41-19.36-12.168.501.39-5.63-1.750.34-0.20-0.02
Net Cash Flow -0.546.81-6.04-1.160.59-0.52-0.410.10-0.080.20
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-19.5485.196.46-1.67-6.29-7.09-0.80-19.47-9.73
ROCE (%)0.375.098.68-0.95-3.57-5.62-0.550.13-18.99-8.95
Asset Turnover Ratio0.890.9700.040.030.030.030.030.040.05
PAT to CFO Conversion(x)N/A1.28-1.17N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days84000625650442125
Inventory Days72000000000
Payable Days1529702538700000

Span Divergent Ltd Stock News

Span Divergent Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Span Divergent on 16-Apr-2024 16:01 is ₹15.33.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2024 16:01 the market cap of Span Divergent stood at ₹8.37.
The latest P/E ratio of Span Divergent as of 16-Apr-2024 16:01 is 0.00.
The latest P/B ratio of Span Divergent as of 16-Apr-2024 16:01 is 0.25.
The 52-week high of Span Divergent is ₹18.13 and the 52-week low is ₹8.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Span Divergent is ₹0.46 ( Cr.) .

About Span Divergent Ltd

A thought, conceived more than three decades ago by a pathologist, Dr. Pradip K. Desai, evolved into a start-up company as the Desai Laboratories. The goal was to indigenously develop and manufacture a comprehensive range of ready-made diagnostic reagents needed by clinical pathology laboratories. In 1976, the company was reorganized as Span Diagnostics with an emphasis on in-house R & D to develop more and more products, keeping the customer needs in focus and quality under constant vigil. 

The initial efforts yielded success and SPAN became a private limited company in 1981.The company went public in 1994,to bring in more resources and expand further Concurrently , Span Diagnostics Ltd. with a strengthened marketing & distribution network, emerged as a leader in Indian diagnostic market. 

Today, SPAN – a legendary name in the industry is reckoned for its wide range of quality products and dedicated services. The company operates through strategic marketing divisions, ensuring focused approach to specific customer segments. 

Span Diagnostics Ltd. is a pioneer and trend setter of high quality products for pathology & clinical laboratories in the Indian diagnostics industry. A globally acknowledged and fastest growing diagnostic company with a successful track record of over 3 decades having Asia's one of the largest state-of-the-art ISO-9001:2000, WHO cGMP accredited advanced manufacturing facilities with ISO 13485 & CE accredited products. We have our marketing activities across India and 68 countries worldwide. SPAN services end users and distributors with ready to use testing kits and customized OEM products.

SPAN has nurtured its growth by consistently adding new products through R & D endeavors. The products are manufactured at its state-of-the-art plants in India and France , observing WHO-   cGMP norms. 

SPAN also takes pride in having exclusive strategic business alliances with the leading diagnostic companies from world over, to market their products in India. 

Product range of the company includes
  • Diagnostic Reagents & Kits
  • Instruments
  • Industrial & Research Products
  • Veterinary Products
Milestones:
  • 2006 :  Started marketing and distribution office in UAE 
  •            Accredited for ISO 13485 : 2003 
  • 2005 :  Established manufacturing and R&D facility in France 
  • 2004 :  CE Registration 
  •             Started Amesos:Critical Care Product Division 
  •             Introduced IBD:Institutional Business Division. 
  • 2003:  Accredited for ISO 9001:2000 
  •            Formed iD-Serve:Technical support Division for lab automation 
  • 2002 :  Launched Cogent : Clinical Chemistry Division. 
  • 2001 : Initiated international marketing. 
  • 2000 :  Accredited for ISO 9002 and WHO cGMP. 
  •             Formed Strategic marketing Divisions 
  •             PDP : Popular Diagnostic Product Division. 
  •             Stimulus : Speciality Diagnostic Division. 
  •  1998 : Started SPAN iD : Independent Lab Automation Division. 
  •  1994 : Listed at stock exchange. 
  •  1992 : Commissioned modern manufacturing facility. 
  •  1991 : Ventured into lab automation. 
  •  1988 : Established distribution network. 
  •  1982 : Expanded manufacturing facility 
  •  1980 :  Reorganised as Span Diagnostics Pvt. Ltd. 
  •  1976 :  Foundation - Span Diagnostics . 
  •  1972 :  The beginning - Desai Laboratories. 
Achievements/ recognition:
  • ISO 13485:2003 
  • ISO 9001:2000

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