SPML Infra Ltd Stock Analysis

BSE: 500402 | NSE: SPMLINFRA | Engineering - Construction | Small Cap

BSE Share Price Jul 04, 09:33
40.00 1.90 (4.99%)

DeciZen - Make an Informed Decision on SPML Infra

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

FAQs

1. Is SPML Infra Ltd a good quality company?

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

2. Is SPML Infra Ltd undervalued or overvalued?

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

3. Is SPML Infra Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SPML Infra Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SPML Infra:

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.
SPML Infra 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 8.8%11.4%11.2%13.1%12.7%11.1%11.3%8.9%6.8%-2.5%-
Value Creation Index -0.4-0.2-0.2-0.1-0.1-0.2-0.2-0.4-0.5-1.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9061,0941,1851,3771,4071,7011,3561,433824615853
YoY Gr. Rt. %-20.8%8.2%16.3%2.2%20.9%-20.3%5.7%-42.5%-25.3%-
Adj EPS 1.53.11.44.33.6-19.912.14.9-26.32.3
YoY Gr. Rt. %-106.7%-56.1%219.1%-16.4%-127.8%NA21.2%-59.8%-642.3%-
BVPS (₹) 118.9122.1123.4126.6130.2106.7118.6103.3105.274.573.3
Adj Net Profit 5.511.4515.913.3-3.736.444.217.8-96.410
Cash Flow from Ops. 49.8218-79.5148255-18313694.1-133-272-
Debt/CF from Ops. 9.52.2-6.94.22.8-5.29.413.9-11.1-6.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.2%-15.3%-23.2%-25.3%
Adj EPS -237.5%-248.6%-238.3%-642.3%
BVPS -5.1-10.6-14.4-29.2
Share Price -6% -22.4% 31.1% 258.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 1.32.61.13.52.8-0.98.810.84.6-29.23.2
Op. Profit Mgn % 11.910.86.71011.710.114.911.48.6-10.93.3
Net Profit Mgn % 0.610.41.21-0.22.73.12.2-15.71.2
Debt to Equity 1.11.11.21.31.52.42.93.53.86.61.8
Working Cap Days 5104174334384643885475761,0141,323639
Cash Conv. Cycle 9998664-34-76-118-87-129-655

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.20%

Sales growth is good in last 4 quarters at 71.25%

Sales growth has been subdued in last 3 years -23.15%

Net Profit has been subdued in last 3 years -238.31%

Debt to equity has increased versus last 3 years average to 6.61

Latest Financials - SPML Infra Ltd.

Standalone Consolidated
TTM EPS (₹) 2.3 0.1
TTM Sales (₹ Cr.) 853 952
BVPS (₹.) 73.3 70.6
Reserves (₹ Cr.) 304 293
P/BV 0.52 0.54
PE 16.29 505.00
From the Market
52 Week Low / High (₹) 9.85 / 75.40
All Time Low / High (₹) 3.05 / 599.00
Market Cap (₹ Cr.) 163
Equity (₹ Cr.) 8.5
Face Value (₹) 2
Industry PE 21.6

Management X-Ray of SPML Infra :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *99.6693.81100.0092.0892.0892.0892.0892.0892.0873.46
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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News

About SPML Infra Ltd

Subhash Projects and Marketing (SPML) is a leading infrastructure development company with over 25 years experience in the public as well as private sector. SPML was incorporated in 1981 and listed as a public limited company in August 1983. It has offices in Kolkata, Delhi, Mumbai, Bangalore, Chennai, Jaipur, Patna and Guwahati. In 2010 the company changed its name from Subhash Projects & Marketing Ltd. to SPML Infra Ltd.

SPML is a single source solution provider for various multi disciplinary engineering and infrastructure services from conceptualization to maintenance in Water, Power, Environment and Infrastructure projects.

Having established it’s leadership in the contracting business, SPML has proven business capabilities in the Water, Energy, Environment and Infrastructure domain, on a Public Private Partnership (PPP) & Build-Own-Operate-Transfer (BOOT) basis. SPML Group is developing infrastructure projects with projected investments worth Rs.150 billion; $3.7 billion.

Product and Services offered by the company:

EPC 

  • Water SBU
  • Power SBU
  • Infrastructure SBU
  • Environment SBU

PPP / BOOT 

  • Water
  • Energy
  • Infrastructure
  • Environment

Other Businesses  Technology & Manufacturing

Clientele:

Ahmedabad Urban Development Authority, Government of Puducherry, Madhya Pradesh Road Development Corporation (MPRDC), Andhra Pradesh Transmission Corporation, Gujarat Water Supply & Sewerage Board, IRCON International Limited and many more.

Subsidiaries of the company:

  • SPML Wter Infra limited
  • SPML Energy limited
  • SPML Urban Enviro limited
  • SPML Infrastructure limited
  • SPML Technologies limited
  • SPML Industries limited

Achievements/ recognition:

  • 2013 - EPC World Awards 2013 for Urban Infrastructure Development - EPC World Media Group
    Construction Week India Awards 2013 for Water Project of the Year - ITP Publishing Group
    Construction Week India Awards 2013 for Corporate Social Responsibility - ITP Publishing Group
    GMR-IGI Airport Awards 2013 -GMR-KPMG Awards
  • 2012 - Aqua Excellence Awards 2012 for Outstanding Contribution Towards Cause of Water – Aqua Foundation
    Construction Week India Award 2012 for Water Project of the Year – ITP Publishing Group
    Infrastructure Excellence Award 2012 for Water & Sanitation - Network 18
    Corporate Excellence Award for Outstanding Marketing - Amity University 2012
  • 2011 - Most Admired Infrastructure Company in Water and Urban Infrastructure - KPMG Infrastructure Today Awards 2011
  • Excellence in Project Management in Hydro Power Sector (SHP) from ENERTIA Publication as part of their Annual ENERTIA Awards 2008. The award is in the category for sustainable Energy & Power, for the development and efficient operation of the 20 MW (10 MW x 2) Kabini Hydro Power Project, the 2nd largest private sector mini hydel scheme in the Karnataka.
  • Economic Times 500 (Year 2008) – one of most respected business publication’s ET Survey of 500 biggest organizations in India ranks SPML at 338, a clear jump of 46 positions from the previous year standing of 384
  • Ranked at 312 amongst India’s 1000 corporate giants based on Net Sales- by eminent financial magazine “Business Standard” Year 2008
  • SPML - awarded as the Number One fastest growing construction companies in India in ‘large category’ , the award was presented by Dr. T. Subbarami Reddy,  Union Minister for States (Mines) - 30.10.2007, Ceremony of “Fifth Construction World – NICMAR Award 2007
  • One of the top 500 companies in India - “Dun & Bradstreet” & “The Financial Express” – Year 2007
  • Promoters - Ranked at 217 amongst top Billionaires of the country by eminent financial magazine “Business Standard” - Year 2007
  • The Government of Karnataka, Department of Energy and Karnataka Renewable Energy Development Limited certified  Subhash Kabini Power Corporation Ltd (a subsidiary of SPML) and awarded second for highest capacity installation in small hydro power projects for/during the period 1996-2004
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