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SSPDL Ltd. Stock Analysis

Small Cap
Evaluated by 119 users | BSE: 530821 | NSE: |
Construction - Real Estate
SSPDL, formerly the Srinivasa Shipping and Property Development Limited established in 1994, is a leading infrastructure and real estate development company in south India. SSPDL a listed entity on the Bombay Stock Exchange with its registered Office in Hyderabad. SSPDL is promoted by a...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 1.97%4.5%-1.32%-11.67%-10.15%8.16%22.42%22.3%-6.13%-19.59%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4936.98.75.77.614979.711347.334.1
Y-o-Y Gr. Rt.--24.8%-76.4%-34.9%34.2%1862.7%-46.6%41.1%-57.9%-28.1%
Adjusted EPS (Rs.) -2.041.51-2.94-9.71-7.322.4410.2312.53-6.47-15.78
Y-o-Y Gr. Rt.-NA-294.7%NANANA319.3%22.5%-151.6%NA
Book Value per Share (Rs.) 47.1451.8648.939.1933.0335.3245.5455.2748.826.71
Adjusted Net Profit -2.62-3.8-12.6-9.53.213.216.2-8.4-20.4
Net Op. Cash Flow (Rs. Cr.) 1331-0.822.8314.2-11.4-7.2-15.60.7
Debt to Cash Flow from Ops 3.581.63-47.561.215.90.73-1.32-2.46-2.3956.81
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
SSPDL Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -4%34.9%-24.7%-28.1%
Adjusted EPS NANA-215.5%NA
Book Value per Share -6.1-4.2-16.3-45.3
Share Price -3.6% -19.6% -51.6% -58.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -4.233.05-5.84-22.04-20.287.1325.324.86-12.43-41.79
Operating Profit Margin (%) 3.3312.31-68.31-198.74-92.923.412.123.71-15.78-64.65
Net Profit Margin (%) -5.385.3-43.69-221.25-124.442.1116.5914.4-17.67-59.91
Debt to Equity 0.760.750.560.540.410.230.260.250.591.19
Working Capital Days 1,0581,2174,2816,0484,4792334764101,2091,783
Cash Conversion Cycle 6166562,3533,4412,788124222134454789
Entity Percentage Holding
Promoters 53.91%
Institutions 0.05%
Non-Institutions 46.05%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of SSPDL's performance infers:

SSPDL earnings have grown by 0%, whereas share price has depreciated -19.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of SSPDL share prices over the last 10 years. Here is what we found out:

SSPDL share price has depreciated -15.3% annually over the past ten years.

SSPDL, formerly the Srinivasa Shipping and Property Development Limited established in 1994, is a leading infrastructure and real estate development company in south India. SSPDL a listed entity on the Bombay Stock Exchange with its registered Office in Hyderabad. SSPDL is promoted by a renowned first-generation entrepreneur Prakash Challa. 

SSPDL is primarily developing commercial (IT Parks, Shopping Malls, Hotel Projects, Service Apartments etc) and Residential properties (Gated

SSPDL, formerly the Srinivasa Shipping and Property Development Limited established in 1994, is a leading infrastructure and real estate development company in south India. SSPDL a listed entity on the Bombay Stock Exchange with its registered Office in Hyderabad. SSPDL is promoted by a renowned first-generation entrepreneur Prakash Challa. 

SSPDL is primarily developing commercial (IT Parks, Shopping Malls, Hotel Projects, Service Apartments etc) and Residential properties (Gated Communities, Villas, Apartments and Serviced Plots) all over south India for more than 15 years and has been setting standards in the construction industry. Building a reputation for ethical practice and developing properties that have become landmarks. Projects that go beyond construction, to create quality lifestyles in tune with customer needs and in harmony with nature.

SSPDL is executing own projects spanning 11 million sq ft all over South India through the flagship company and SPVs. In 2005, SSPDL recognized the need for strengthening the construction contracting division, and accordingly have taken steps to execute all their projects in-house. Having achieved quality levels, SSPDL is geared up technically to take up construction contracting from third parties. Due to the huge requirement of diversified business segments, SSPDL’s vision is to have separate verticals for construction contracting, infrastructure, facilities management, hospitality and logistics besides the real estate division. 

Currently, SSPDL is executing construction contracts from SAIL (Vizag), NSIC (Hyderabad), The Chatterjee Group (Calcutta) and Regalia Realty (Chennai).  Through prudent Financial Planning and Management, SSPDL has taken up projects with low land cost and high profitability. Most of the major projects have already been tied up in SPV with Private Equity Funds thereby de-risking the business, primarily to protect the investor’s wealth. 

Ongoing projects of the company:

  • The Retreat, Bangalore
  • The Ferns, Chennai
  • TCG IT Park, Chennai
  • The Retreat, Hyderabad
  • The Promenade, Chennai and many more

Completed Projects:

  • Capital Towers, Chennai
  • Fuller Towers Chennai
  • Eden Gardens, Hyderabad
  • Casa Challa, Chennai
  • Challa Mall, Chennai, etc.

Achievements/ recognition:

  • ISO 9001:2000 certified
  • Alpha City IT Park located at Navalur, Old Mahabalipuram Road (OMR), at the heart of the IT Corridor in Chennai was recently nominated for the Best Commercial Property Award by CNBC-Awaaz CRISIL Real Estate Awards 2008.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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