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SPEL Semiconductor Ltd. Stock Analysis

Small Cap
Evaluated by 165 users | BSE: 517166 | NSE: SPICELEC |
Electronics - Components
SPEL Semiconductor established in 1988 is India’s first & only semiconductor IC assembly & test facility. SPEL pioneered the outsourced Semiconductor Assembly & Test Services (OSAT) market in India and continues to steadily do so. SPEL is a trusted & strategic contract...

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 5.73%4.05%2.56%-0.58%2.93%1.92%-17.06%-25.51%-6.26%-8.26%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 87.291.579.880.863.447.225.935.741.726.3
Y-o-Y Gr. Rt.-4.9%-12.8%1.2%-21.5%-25.6%-45.2%38%16.8%-36.8%
Adjusted EPS (Rs.) 1.170.80.22-1.040.04-0.13-4.12-5.11-1.79-2.33
Y-o-Y Gr. Rt.--31.6%-72.5%-572.7%NA-425%NANANANA
Book Value per Share (Rs.) 14.415.3915.5614.5114.5814.4410.1410.4818.8716.81
Adjusted Net Profit 5.43.71-4.80.2-0.6-19-23.6-8.2-10.7
Net Op. Cash Flow (Rs. Cr.) 16.311.918.213.25.15.80000
Debt to Cash Flow from Ops 1.82.972.122.55.934.70000
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.
SPEL Semiconductor Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -12.5%-16.1%0.6%-36.8%
Adjusted EPS -208%-325.5%NANA
Book Value per Share 1.72.918.4-10.9
Share Price 4.7% -0.6% -2.5% 223.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 6.464.151.12-5.360.23-0.69-24.63-37.5-11.33-13.05
Operating Profit Margin (%) 20.8118.2316.1113.3123.2126.07-36.9-3.55-6.74-29.91
Net Profit Margin (%) 6.214.051.28-5.960.32-1.27-73.46-66.03-19.77-40.76
Debt to Equity 0.440.50.540.490.450.410.350.580.290.29
Working Capital Days 120129140124178313620464399582
Cash Conversion Cycle 4545575987192491211-10-127
Entity Percentage Holding
Promoters 59.17%
Institutions 0.04%
Non-Institutions 40.79%
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 SPEL Semiconductor Ltd.'s performance infers:

SPEL Semiconductor Ltd. earnings have declined by -325.5%, whereas share price has depreciated -0.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

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

SPEL Semiconductor Ltd. share price has depreciated -0.8% annually over the past ten years.

SPEL Semiconductor established in 1988 is India’s first & only semiconductor IC assembly & test facility. SPEL pioneered the outsourced Semiconductor Assembly & Test Services (OSAT) market in India and continues to steadily do so. SPEL is a trusted & strategic contract manufacturing partner for many of the world's leading Semiconductor companies.

SPEL provides full turnkey solutions that include Wafer sort, Assembly, Test and Drop-shipment services which help

SPEL Semiconductor established in 1988 is India’s first & only semiconductor IC assembly & test facility. SPEL pioneered the outsourced Semiconductor Assembly & Test Services (OSAT) market in India and continues to steadily do so. SPEL is a trusted & strategic contract manufacturing partner for many of the world's leading Semiconductor companies.

SPEL provides full turnkey solutions that include Wafer sort, Assembly, Test and Drop-shipment services which help Customers accelerate time-to-revenue for their new products. SPEL also offers value added services such as package design, failure analysis and full reliability test, test program development & product characterization.

SPEL initially supplied to the domestic market. SPEL soon acquired the expertise to serve the global market. SPEL’s Customers are some of the biggest Integrated Device Manufacturers (IDMs) and Fabless Companies in the United States and Asia. SPEL offers Packaging Technology for Semiconductors used in diverse end-market applications including communications, consumer electronics and computing.

Quality at SPEL is the means to customer satisfaction. This is achieved by thoroughly understanding and satisfying the needs of its customers in every product or service they offer. Quality is built into the design, selection and management of products & services to deliver the required performance at the least possible cost. Quality control at SPEL is a process of maintaining standards and not creating them. Deming's PDCA cycle is the role model followed for all activities relating to quality control and quality improvement.

Having established a track record at home, SPEL turned its attention to the more demanding global market in 1995. It has since been exclusively serving the Silicon Valley and other parts of the world for over 12 years now. SPEL focuses on Lead frame based Packages - both Surface mount & Through hole. As a specialty, SPEL offers onsite & offshore Test Engineering support to Customers. SPEL ensures better interaction & services to Customers through a Sales & Technical support office based at Santa Clara, USA.

Services offered by the company:

  • It offers turnkey wafer sort, and IC assembly and test services, as well as failure analysis services.
  • It offers onsite & offshore test engineering support

Achievements/ recognition:

  • ISO 9001:2000 Certificate
  • ISO / TS 16949 - Second edition.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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