Sparc Electrex Ltd - Stock Valuation and Financial Performance

BSE: 531370 | NSE: | Electric Equipment | Small Cap

Sparc Electrex Share Price

20.20 0.67 3.43%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Sparc Electrex

M-Cap below 100cr DeciZen not available

Sparc Electrex stock performance -

mw4me loader
P/E Ratio (SA):
196.87
Market Cap:
38.2 Cr.
52-wk low:
16.8
52-wk high:
39.4

Is Sparc Electrex Ltd an attractive stock to invest in?

1. Is Sparc Electrex Ltd a good quality company?

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

2. Is Sparc Electrex Ltd undervalued or overvalued?

The key valuation ratios of Sparc Electrex Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Sparc Electrex Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sparc Electrex 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 Sparc Electrex:

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.
Sparc Electrex 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 % -5.4%-17.1%-3.5%-1.1%-0.6%3.2%-0.4%-80.7%58.5%6.6%-
Value Creation
Index
-1.4-2.2-1.3-1.1-1.0-0.8-1.0-6.83.2-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.20.100.1000013.24.94
Sales YoY Gr.--64.7%-100%NA-57.1%-66.7%-100%NANA-63.1%-
Adj EPS -0.4-1.2-0.2-0.1-00.2-0-3.53.80.80.1
YoY Gr.-NANANANANA-110.5%NANA-78.4%-
BVPS (₹) 7.56.36.1666.26.12.56.38.59.7
Adj Net
Profit
-0.2-0.7-0.1000.10-22.10.40
Cash Flow from Ops. -0.10.200-0.2-0.2-0.1-0.1-0.3-1.4-
Debt/CF from Ops. -1.80000-0-0.2-0.6-7.4-1.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 45.1%176.5%NA-63.1%
Adj EPS NANANA-78.4%
BVPS1.4%7.5%11.6%34.5%
Share Price 22.2% 33.2% 82.2% 15%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-5.5-17.4-3.5-1.2-0.63.2-0.4-82.184.810.51.1
Op. Profit
Mgn %
-126.8-1219.3-4200.9-69.5-549.1-1148.6-2054.702.37.76.5
Net Profit
Mgn %
-143.2-1167.2-4226.3-59.2-61.21182.3-261.2016.18.55.6
Debt to
Equity
00000000.10.60.6-
Working Cap
Days
9,53824,1904,20,52718,05037,5821,30,0252,64,8430153682868
Cash Conv.
Cycle
1042692,669-255210112109115360

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 1.10%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -39.02%

Latest Financials - Sparc Electrex Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 3.5 -
BVPS (₹.) 9.7 -
Reserves (₹ Cr.) -1 -
P/BV 2.01 -
PE 196.87 -
From the Market
52 Week Low / High (₹) 16.83 / 39.35
All Time Low / High (₹) 0.51 / 42.41
Market Cap (₹ Cr.) 38.2
Equity (₹ Cr.) 19.6
Face Value (₹) 10
Industry PE 83.3

Management X-Ray of Sparc Electrex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.0018.5118.510.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sparc Electrex

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
Sales0.170.0600.070.030.010013.154.85
Operating Expenses 0.380.760.120.110.200.120.102.0612.854.48
Manufacturing Costs0000000000
Material Costs0.110.0300.010.020.010012.524.11
Employee Cost 0.020.020.020.020.030.010.010.020.100.05
Other Costs 0.250.700.100.080.160.090.082.040.220.32
Operating Profit -0.21-0.70-0.12-0.05-0.17-0.11-0.09-2.060.300.37
Operating Profit Margin (%) -126.0%-1,219.3%-4,200.9%-69.5%-549.0%-1,148.6%-2,054.7%-2.2%7.7%
Other Income 0.020.010.020.020.170.230.080.051.930.41
Interest 0000000000
Depreciation 0.060.010.010.010.010.010000
Exceptional Items 0000000000
Profit Before Tax -0.25-0.70-0.12-0.04-0.020.11-0.01-2.012.220.78
Tax -0.01-0.030.010000-0.010.100.08
Profit After Tax -0.24-0.67-0.12-0.04-0.020.11-0.01-22.120.70
PAT Margin (%) -143.0%-1,167.2%-4,226.3%-59.2%-61.2%1,182.3%-261.0%-16.1%14.4%
Adjusted EPS (₹)-0.4-1.2-0.2-0.10.00.20.0-3.73.91.4
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 4.203.523.403.363.343.453.441.443.554.25
Share Capital 4.974.974.974.974.974.974.974.974.974.97
Reserves -0.77-1.45-1.57-1.61-1.63-1.52-1.53-3.53-1.41-0.72
Minority Interest0000000000
Debt0.1100000.010.020.072.172.52
Long Term Debt0.11000000000
Short Term Debt000000.010.020.072.172.52
Trade Payables0.020.020.020.0100001.672.44
Others Liabilities 0.120.070.090.080.070.060.032.012.172.65
Total Liabilities 4.463.613.513.453.413.523.493.529.5711.85

Fixed Assets

Gross Block1.221.221.221.221.221.220.920.831.891.89
Accumulated Depreciation1.021.041.051.071.081.090.790.790.790.79
Net Fixed Assets0.200.170.160.150.140.130.130.041.101.10
CWIP 0000000000
Investments 0000000000
Inventories0.010.010.010.0100000.601.49
Trade Receivables0.060.030000001.703.65
Cash Equivalents 0.010.060.040.090.040.050.020.010.780.25
Others Assets4.183.343.303.203.233.343.343.475.395.37
Total Assets 4.463.613.513.453.413.523.493.529.5711.85

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.060.15-0.040.04-0.22-0.22-0.08-0.12-0.29-1.38
PBT -0.25-0.70-0.12-0.04-0.020.11-0.01-2.012.220.78
Adjustment 0.220.56-0.01-0.01-0.15-0.21-0.08-0.05-1.93-0.41
Changes in Working Capital -0.030.290.080.09-0.03-0.1-0.011.94-0.59-1.74
Tax Paid 0000-0.02-0.020.02000
Cash Flow From Investing Activity 0.010.010.020.010.160.220.050.05-1.040.50
Capex 00000000-1.060.50
Net Investments 0000000000
Others 0.010.010.020.010.160.230.050.050.030
Cash Flow From Financing Activity 0.01-0.110000.010.010.052.100.34
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0.01-0.110000.010.010.052.100.34
Net Cash Flow -0.040.05-0.020.06-0.050.01-0.02-0.020.77-0.54
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-5.61-17.75-3.62-1.18-0.593.29-0.36-84.987.6318.22
ROCE (%)-5.67-17.93-3.34-1.13-0.563.22-0.35-80.961.3812.52
Asset Turnover Ratio0.040.0100.020.010002.010.45
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A-2N/AN/A-0.14-1.97
Working Capital Days
Receivable Days1032732,062203900047201
Inventory Days29596862939571310879
Payable Days572253,1076561387353024182

Sparc Electrex Ltd Stock News

Sparc Electrex Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sparc Electrex on 28-Mar-2024 16:01 is ₹20.20.
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 28-Mar-2024 16:01 the market cap of Sparc Electrex stood at ₹38.19.
The latest P/E ratio of Sparc Electrex as of 28-Mar-2024 16:01 is 196.9.
The latest P/B ratio of Sparc Electrex as of 28-Mar-2024 16:01 is 2.01.
The 52-week high of Sparc Electrex is ₹39.35 and the 52-week low is ₹16.83.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sparc Electrex is ₹3.52 ( Cr.) .

About Sparc Electrex Ltd

Sparc Systems was founded in 1989 by a team of technologists. The company uses its expertise in networking, communications, embedded systems and sensor technologies to deliver perfect fit solutions to the client's problems. Its standard products include video Conference solutions, mobile ATMs, GPS tracking, GSM/GPRS/SMS solutions, security systems, access control systems, etc. The company's engineers give expert project supervision at all stages of development and implementation. They ensure that the customers have the best and most economical choices in system design.

Sparc's commitment to excellence ensures that customers have the best possible and latest solution. For more than 13 years, Sparc has specialized in developing, manufacturing and distributing electronic solutions. Sparc continues its mission to develop state-of-the-art products and systems that will enhance business, add value to customers and leverage IT infrastructure.

Milestones:

• 1989 -- Founded by a team of technologist

• 1993 -- Developed the world’s first multi-function business machine, Integra (Fax, Scanner, Printer, Voice Mail, Digital Answering  Machine, Scheduler, 486 PC)

• 1994 -- Electronic security systems

• 1995 -- Facsimile router on leased line with G3 capability

• 1996 -- Electronic Detection & Monitoring range of products

• 1997 -- Building Management Systems

• 1998 -- Central Monitoring Station

• 2000 -- Remote surveillance

• 2001 -- VOIP boxes 

• 2002 -- Video Conferencing, Wireless Systems, Thin Clients

• 2003 -- Mobile ATMs, Mobile Banks

• 2004 -- Biometric Systems

• 2005 -- Remote Display Systems

• 2006 -- Telematic systems for fleet management / Vehicle control

• 2006 -- Wireless Mesh networks

• 2007 -- UTM firewall and network access systems

• 2008 -- GPS Data Loggers

Products:

• GPS Vehicle Tracking • Video Conference System • SMS Solutions • Mobile ATMs  • Fire, Intrusion Detection Systems • Access Control System • Home Security Systems • Building Management Systems

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