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SPML Infra Ltd. Stock Analysis

Small Cap
Evaluated by 214 users | BSE: 500402 | NSE: SPMLINFRA |
Engineering - Construction
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,...

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 15.44%10.39%8.8%11.43%11.18%13.05%12.7%11.1%11.34%8.86%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,4001,2239061,0941,1851,3771,4071,7011,3561,433
Y-o-Y Gr. Rt.--12.7%-25.9%20.8%8.2%16.3%2.2%20.9%-20.3%5.7%
Adjusted EPS (Rs.) 13.876.041.53.11.364.343.63-1.019.9412.05
Y-o-Y Gr. Rt.--56.5%-75.2%106.7%-56.1%219.1%-16.4%-127.8%NA21.2%
Book Value per Share (Rs.) 110.8118.08118.9122.11123.42126.6130.17106.66118.62103.29
Adjusted Net Profit 50.822.25.511.4515.913.3-3.736.444.2
Net Op. Cash Flow (Rs. Cr.) 82.113249.8218-79.5148255-18313694.1
Debt to Cash Flow from Ops 4.763.199.522.21-6.924.212.78-5.199.4313.93
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.
SPML Infra Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 0.3%3.9%0.6%5.7%
Adjusted EPS -1.6%54.7%49.2%21.2%
Book Value per Share -0.8-3.5-7.4-12.9
Share Price -25.1% -35.7% -62% 12%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 13.285.271.262.571.113.472.82-0.858.810.83
Operating Profit Margin (%) 10.989.5611.910.826.689.9511.6510.1114.9411.42
Net Profit Margin (%) 3.631.810.611.040.421.160.95-0.222.693.08
Debt to Equity 0.960.971.091.071.221.341.482.422.943.45
Working Capital Days 298359510417433438464388547576
Cash Conversion Cycle 95769998664-34-76-118-87
Entity Percentage Holding
Promoters 38.20%
Institutions 13.51%
Non-Institutions 48.29%
Pledged *89.8093.8193.8193.8193.81100.0093.8199.6693.81100.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of SPML Infra Ltd.'s performance infers:

SPML Infra Ltd. earnings have grown by 54.7%, whereas share price has depreciated -35.7% 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 SPML Infra Ltd. share prices over the last 10 years. Here is what we found out:

SPML Infra Ltd. share price has depreciated -29.7% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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