Spanco Ltd - Stock Valuation and Financial Performance

Name: Spanco
Brand: Spanco

BSE: 508976 | NSE: SPANCO | BPO/ITeS | Small Cap

Place order

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Spanco

Based on:

Data

M-Cap below 100cr DeciZen not available

Spanco stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

10.3 Cr.

52-wk low:

3.1

52-wk high:

3.1

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of Spanco:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Sep'11	Mar'12	Mar'13	TTM
ROCE % ⓘ	15.3%	15.2%	17%	12.3%	10.1%	9.8%	11.3%	18.7%	5.8%	-12.6%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	61.2	104	216	427	565	667	1,183	1,608	1,943	1,053	803
Sales YoY Gr.	-	70.4%	107.1%	97.4%	32.6%	18%	77.3%	35.9%	20.9%	-45.8%	-
Adj EPS ⓘ	6.8	5.7	12.8	15.2	17.6	15.5	20.2	23.3	20.8	-94.8	-114
YoY Gr.	-	-16.1%	124.3%	19.3%	15.4%	-11.5%	30.2%	15.2%	-10.6%	-554.7%	-
BVPS (₹) ⓘ	33	35.9	87.7	131	147.1	158.6	148.1	127.2	403.7	105.2	88.1
Adj Net Profit ⓘ	5.9	9.7	20.2	31.4	36.3	32.1	56.8	73.1	65.3	-311	-374
Cash Flow from Ops. ⓘ	-1.8	17.6	-56.9	-42.9	-206	-10.6	90.8	-6.3	21.2	-145	-
Debt/CF from Ops. ⓘ	-14.2	2.4	-1	-4.8	-1.8	-56.6	7.1	-81.8	79.7	-8.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	37.2%	13.2%	-3.8%	-45.8%
Adj EPS ⓘ	-234.1%	-240.1%	-267.3%	-554.7%
BVPSⓘ	13.7%	-6.5%	-10.8%	-73.9%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Sep'11	Mar'12	Mar'13	TTM
Return on Equity % ⓘ	22.9	21.6	20.2	15.1	12.4	10.1	14.7	20.9	5.2	-59.5	-117.9
Op. Profit Mgn % ⓘ	18.7	21.2	20	15.2	14.9	13	12.4	13.6	12.5	-26.7	-42.9
Net Profit Mgn % ⓘ	9.6	9.3	9.3	7.4	6.4	4.8	4.8	4.6	3.4	-29.6	-46.6
Debt to Equity ⓘ	0.9	0.7	0.4	0.8	1.2	1.8	1.5	1.3	1.3	3.7	-
Working Cap Days ⓘ	202	181	197	218	319	448	361	229	645	549	185
Cash Conv. Cycle ⓘ	91	67	85	113	165	183	119	72	237	243	7

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

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

Latest Financials - Spanco Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-114	-126
TTM Sales (₹ Cr.)	803	1,763
BVPS (₹.) ⓘ	88.1	86.1
Reserves (₹ Cr.) ⓘ	257	250
P/BV ⓘ	0.04	0.04
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	3.12 / 3.13
All Time Low / High (₹)	3.12 / 300.00
Market Cap (₹ Cr.)	10.3
Equity (₹ Cr.)	32.9
Face Value (₹)	10
Industry PE ⓘ	64.1

Management X-Ray of Spanco:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

85.85

85.71

76.69

89.77

90.24

87.63

87.44

87.40

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

Valuation of Spanco

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of Spanco

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Sep'11	Mar'12	Mar'13
Sales	61.24	104.38	216.16	426.59	565.45	667.14	1,182.93	2,411.26	971.41	1,052.75
Operating Expenses ⓘ	49.79	82.29	173.30	361.59	481.36	600.60	1,036.80	2,092.17	849.96	1,334.23
Manufacturing Costs	2.54	6.47	11.50	26.47	104.32	53.51	81.19	116.66	39.50	53.91
Material Costs	25.55	33.60	88.48	280.55	296.10	426.70	888.87	1,831.89	744.81	899.46
Employee Cost	11.46	25.28	41.58	28.02	41.80	29.53	25.91	57.75	22.34	38.27
Other Costs ⓘ	10.24	16.94	31.74	26.54	39.15	90.86	40.83	85.87	43.31	342.59
Operating Profit ⓘ	11.45	22.09	42.86	65	84.08	66.54	146.13	319.09	121.45	-281.48
Operating Profit Margin (%)	18.7%	21.2%	19.8%	15.2%	14.9%	10.0%	12.4%	13.2%	12.5%	-26.7%
Other Income ⓘ	0.71	0.35	0.80	5.85	18.45	44.47	53.28	67.79	24.04	42.86
Interest ⓘ	1.67	3.06	7.02	14.14	32.45	67.35	81.83	173.44	72.28	159.29
Depreciation ⓘ	4.45	7.04	13.55	8.86	10.03	12.08	17.31	46.17	18.75	45.96
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	6.04	12.34	23.09	47.86	60.05	31.58	100.27	167.27	54.46	-443.87
Tax ⓘ	-0.24	2.62	3.13	15.19	21.79	11.97	38.41	62.13	19.91	-133.54
Profit After Tax	6.28	9.73	19.96	32.67	38.26	19.61	61.86	105.14	34.55	-310.33
PAT Margin (%)	10.3%	9.3%	9.2%	7.7%	6.8%	2.9%	5.2%	4.4%	3.6%	-29.5%
Adjusted EPS (₹)	7.3	5.7	12.6	15.8	18.5	9.5	22.0	33.5	11.0	-94.5
Dividend Payout Ratio (%)	0%	22%	14%	11%	11%	5%	5%	3%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Sep'11	Mar'12	Mar'13
Equity and Liabilities
Shareholders Fund	28.59	60.89	138.80	270.51	303.66	327.41	447.63	598.19	632.74	389.57
Share Capital ⓘ	6.99	16.99	15.82	20.65	20.65	20.65	28.07	31.35	31.35	32.85
Reserves ⓘ	21.60	43.91	122.98	249.86	283.01	306.76	419.56	566.84	601.39	356.72
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	25	41.32	54.21	204.23	376.58	597.90	640.74	681.59	754.41	1,140.27
Long Term Debt	25	41.32	54.21	204.23	376.58	597.90	640.74	80.02	69.49	15.63
Short Term Debt	0	0	0	0	0	0	0	601.57	684.92	1,124.64
Trade Payables	7.89	19.32	35.15	125.52	136.95	366.16	639.25	535.71	514.96	316.21
Others Liabilities ⓘ	5.35	11.44	14.39	34.87	54.46	60.06	86.51	264	282.20	189.41
Total Liabilities ⓘ	66.82	132.96	242.56	635.14	871.65	1,351.53	1,814.13	2,079.49	2,184.31	2,035.46
Fixed Assets
Gross Block	25.89	73.24	56.72	80.35	54.02	124.73	194.99	227.89	212.77	605.47
Accumulated Depreciation	6.83	13.74	19.27	27.17	14.88	26.12	32.77	73.65	93.04	138.64
Net Fixed Assetsⓘ	19.06	59.50	37.46	53.18	39.15	98.61	162.22	154.24	119.73	466.83
CWIP ⓘ	1.72	0	24.45	69.61	58.26	100.46	147.29	147.01	207.81	42.13
Investmentsⓘ	1.65	1.65	1.65	60.63	78.23	115.46	101.88	80.84	69.61	108.61
Inventories	6.28	0.69	9.06	8.85	44.97	70.60	190.52	391.98	481.03	432.61
Trade Receivables	14.06	36.04	95.88	189.42	338.53	470.76	617.27	758.04	783.97	589.92
Cash Equivalents	1.79	10.70	7.09	113.43	47.10	46.30	55.25	23.49	28.67	8.53
Others Assetsⓘ	22.26	24.39	66.96	140	265.41	449.35	539.70	523.89	493.49	386.83
Total Assets ⓘ	66.82	132.96	242.56	635.14	871.65	1,351.53	1,814.13	2,079.49	2,184.31	2,035.46

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Sep'11	Mar'12	Mar'13
Cash Flow From Operating Activity ⓘ	-1.76	17.60	-56.93	-42.85	-206.09	-10.57	90.78	-9.47	10.61	-144.96
PBT ⓘ	6.04	9.73	19.96	32.67	38.26	19.61	61.87	105.14	34.55	-310.34
Adjustment ⓘ	5.88	12.46	22.72	35.07	52.25	88.70	114.46	244.46	105.09	342.89
Changes in Working Capital ⓘ	-13.67	-4.08	-97.51	-121.76	-268.51	-89.2	-71.26	-333.95	-100.73	-175.7
Tax Paid ⓘ	-0.01	-0.50	-2.10	11.17	-28.09	-29.68	-14.29	-25.12	-28.30	-1.81
Cash Flow From Investing Activity ⓘ	-8.53	-45.52	-12.76	-96.64	2.13	-112.68	-28.41	-40.02	-22.37	-184.12
Capex	-8.60	-45.77	-13.45	-39.69	18.16	-82.30	-75.95	-112.40	-43.43	-183.32
Net Investments	-0.03	0	0	-58.98	-18.27	-60.30	13.08	20.30	2.05	-38.99
Others ⓘ	0.11	0.25	0.70	2.03	2.23	29.92	34.46	52.08	19.01	38.19
Cash Flow From Financing Activityⓘ	7.51	36.83	66.08	246.42	138.18	116.22	-25.60	11.51	9.14	329.22
Net Proceeds from Shares ⓘ	0	25	61.16	109.44	0	0	29.66	56.73	17.44	0
Net Proceeds from Borrowing ⓘ	6.90	19.68	13.90	94.56	167.75	106.51	-19.27	-103.12	-4.73	4.23
Interest Paid ⓘ	-1.67	-3.06	-7.08	-13.03	-29.92	-61.85	-83.24	-173.45	-75.09	-108.16
Dividend Paid ⓘ	0	-1.44	-0.97	0	-4.35	-4.83	-1.64	-3.27	-3.64	0
Others ⓘ	2.27	-3.35	-0.92	55.45	4.70	76.39	48.89	234.62	75.16	433.15
Net Cash Flow ⓘ	-2.78	8.91	-3.61	106.92	-65.79	-7.03	36.77	-37.98	-2.62	0.14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Sep'11	Mar'12	Mar'13
Ratios
ROE (%)	24.53	21.74	19.99	15.96	13.33	6.21	16.65	20.74	5.61	-63.44
ROCE (%)	16.76	19.77	20.4	18.4	15.85	12.28	18.38	27.98	8.8	-18.19
Asset Turnover Ratio	1.07	1.04	1.15	0.97	0.75	0.6	0.75	1.24	0.46	0.5
PAT to CFO Conversion(x)	-0.28	1.81	-2.85	-1.31	-5.39	-0.54	1.47	-0.09	0.31	N/A
Working Capital Days
Receivable Days	93	88	111	122	170	221	168	104	290	238
Inventory Days	37	12	8	8	17	32	40	44	164	158
Payable Days	70	67	61	21	36	91	114	92	257	169

Spanco Ltd Stock News

Spanco Ltd FAQs

What is the share price of Spanco?

Company share prices are keep on changing according to the market conditions. The closing price of Spanco on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Spanco?

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 01-Jan-1970 05:30 the market cap of Spanco stood at ₹10.25.

What is the P/E ratio of Spanco?

The latest P/E ratio of Spanco as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Spanco?

The latest P/B ratio of Spanco as of 01-Jan-1970 05:30 is 0.04.

What is the 52-week high and low of Spanco?

The 52-week high of Spanco is ₹3.13 and the 52-week low is ₹3.12.

What is the TTM revenue of Spanco?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Spanco is ₹803.0 ( Cr.) .

About Spanco Ltd

Spanco formerly known as Spanco Telesystems & Solutions Limited was established in 1995 by Kapil Puri and Rajesh Chhabria. Today Spanco is one of the leading networking and systems integration solutions company in India.

In 1995, Spanco went into business through the manufacture and supply of EPABX and analogue radio products, but has since evolved into a comprehensive networking and system integration company. In doing so, Spanco today caters to the critical networking needs of Indian utilities, carriers and its prestigious Defense sector.

Spanco, a SEI CMMI Level 3 and an ISO 9001:2008 certified company, is one of the leading telecom systems integration and IT services company in India. From providing telecom integration services to multinationals, Public Sector Units and India's vast defense sector, Spanco has evolved to extend its expertise into the dynamic space of Business Process Outsourcing and RFID.

From providing telecom integration services to multinational companies, public sector units and India's vast Defense sector, Spanco has also extended its expertise into the dynamic space of Call Centre and Business Process Outsourcing also. Spanco is spread over nine locations -- Mumbai, Pune, Ahmedabad, Gurgaon, Kolkata, Bangalore, Hyderabad, Lucknow and Guwahati. Internationally, Spanco has a 100% subsidiary in New Jersey, USA.

Products and services offered by the company include:

Turnkey

Telecom System Integration
Network Engineering

BPO

International Call Center
Domestic Call Center
Indian Railway Outsourcing
Middle East

IT Services

Software
RFID

Clientele:

BSNL, VSNL, Tata Teleservices, Ministry of Defense, Military College of Training and Education, Railways, ONGC, NTPC , PNB TCS, MTNL, etc.

Milestones:

1995- Spanco was set up by Kapil Puri and Rajesh Chhabria.
1996- Analog radio products
1997- Digital Radio and VSAT products
1998- Turnkey solutions and project management
1999- Telecom integaration
2000- Carrier and data networking
2001- End-to-End Contact center Solutions, critical network for defense
2002-International call center, domestic call center

Achievements/ recognition:

KPMG has certified Spanco Limited (Formerly known as Spanco Telesystems & Solutions Limited) as a ISO 9001-2000 company.
Polycom(UK) Ltd. recognises Spanco as the Best Channel Partner for Service Providers market in India for the year 2004.
The company is accredited with the ISO 9001 - 2008 quality certification for Telecom Integration Services and also listed in the Bombay Stock Exchange.
2009 - The Company won the Orissa State Data Center (SDC) project.
2011 - The Company has received a Letter of Award (LOA) in respect of Turnkey Contract for Gaothan Feeder Separation Scheme.
2012 - Spanco launches common service centers in tie-up with Bank of India.
Spanco launches Bajaj Allianz Life Insurance services through CSCs in Maharashtra