Sprayking Ltd

how big is Sprayking Ltd?

As of Jun 06, Sprayking Ltd has a market capitalization of 67.95 Cr, classifying it as a Micro Cap company, with net sales of 127.76 Cr and a net profit of 5.99 Cr over the latest four quarters. The shareholder's funds are 29.54 Cr, and total assets amount to 96.65 Cr as of Mar'24.

Market Cap: As of Jun 06, Sprayking Ltd has a market capitalization of 67.95 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, which include Mar'25, Dec'24, Sep'24, and Jun'24, Sprayking Ltd reported net sales of 127.76 Cr and a net profit of 5.99 Cr. This data is consolidated.<BR><BR>Balance Sheet Snapshot: This is consolidated data for the latest annual period ending in Mar'24. The shareholder's funds are reported at 29.54 Cr, and total assets amount to 96.65 Cr.

What does Sprayking Ltd do?

Sprayking Ltd is a Micro Cap company specializing in the manufacturing of brass parts, with net sales of 28 Cr and a net profit of 2 Cr as of March 2025. It was incorporated in 2005 and has a market cap of Rs 68 Cr.

Overview:<BR>Sprayking Ltd is an emerging leader in the manufacturing of brass parts, operating within the Other Industrial Products industry and categorized as a Micro Cap company.<BR><BR>History:<BR>Sprayking Ltd was incorporated on February 17, 2005, originally known as Sprayking Agro Equipment Limited, and changed its name to Sprayking Ltd in 2016. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 28 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 2 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 68 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 11.00 <BR>Industry P/E: 38 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.62 <BR>Return on Equity: 18.87% <BR>Price to Book: 2.14 <BR><BR>Contact Details:<BR>Address: Plot No 237/B Shop No 4, GIDC Phase II Dared Jamnagar Gujarat : 361005 <BR>Email: info@spraykingagro.com <BR>Website: http://www.spraykingagro.com

What is the bonus history of the Sprayking Ltd?

Sprayking Ltd has a history of bonus issues, with the most recent being a 1:1 bonus announced for August 21, 2024, and a previous 2:3 bonus issued on April 30, 2023.

Sprayking Ltd has a notable bonus history. The most recent announcement is for a 1:1 bonus issue, with both the record date and ex-date set for August 21, 2024. Prior to this, on April 30, 2023, the company executed a bonus issue with a ratio of 2:3, which had an ex-date of April 28, 2023. This indicates that Sprayking Ltd has been active in rewarding its shareholders through bonus issues.

Has Sprayking Ltd declared dividend?

No Dividend History Available

Who are the peers of the Sprayking Ltd?

Sprayking Ltd's peers include PTC Industries, Inox India, Esab India, KRN Heat Exchan, and others. Sprayking Ltd has below-average management risk and capital structure, with a 1-year return of -64.98%, significantly underperforming compared to its peers.

Peers: The peers of Sprayking Ltd are PTC Industries, Inox India, Esab India, KRN Heat Exchan, Kirloskar Indus., Indobell Insul., Gabriel Pet, Poojawes. Metal., and Indian Link Ch.<BR><BR>Quality Snapshot: Excellent management risk is observed at Inox India and Esab India, while Good management risk is found at KRN Heat Exchan. Average management risk is present at PTC Industries and Kirloskar Indus., and the rest have Below Average management risk, including Sprayking Ltd, Indobell Insul., and Gabriel Pet. Growth is Excellent for Sprayking Ltd and Gabriel Pet, while Average growth is seen at PTC Industries and Indobell Insul., and Below Average growth is noted at Inox India and Esab India. KRN Heat Exchan shows Good growth, while Kirloskar Indus. has Excellent growth, and the rest have varying ratings. Capital Structure is Excellent for Inox India, Esab India, and KRN Heat Exchan, while Good is seen at Kirloskar Indus., Average at PTC Industries and Poojawes. Metal., and Below Average at Sprayking Ltd, Indobell Insul., and Gabriel Pet.<BR><BR>Return Snapshot: The peer with the highest 1-year return is PTC Industries at 55.24%, while Sprayking Ltd has the lowest at -64.98%. This indicates that Sprayking Ltd's performance is significantly worse than its peers. Additionally, KRN Heat Exchan, Indobell Insul., and Kirloskar Indus. have negative six-month returns.

What is the technical trend for Sprayking Ltd?

As of May 12, 2025, Sprayking Ltd's trend is mildly bearish, influenced by mixed indicators such as a mildly bullish weekly MACD, a bearish monthly MACD, and conflicting RSI signals, while short-term sentiment remains negative due to bearish Bollinger Bands and moving averages.

As of 12 May 2025, the technical trend for Sprayking Ltd has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by a combination of indicators. The weekly MACD is mildly bullish, while the monthly MACD remains bearish, indicating mixed momentum. The RSI shows no signal on the weekly chart but is bullish on the monthly, suggesting potential for upward movement. However, the Bollinger Bands and daily moving averages are bearish, reinforcing the overall negative sentiment in the short term. The KST is mildly bullish on the weekly but mildly bearish on the monthly, adding to the mixed signals. Dow Theory indicates no clear trend in both weekly and monthly time frames. Overall, the strength of the bearish stance is moderated by some bullish signals, particularly in the longer time frames.

Who are in the management team of Sprayking Ltd?

As of March 2023, the management team of Sprayking Ltd includes Hitesh Dudhagara (Chairman & Managing Director), Pragjibhai Patel (Executive Director), Ronak Dudhagara (Executive Director), and three Independent Non-Executive Directors: Dhruvik Maheshbhai Bhanderi, Jigensh Ramnikbhai Sanghani, and Vishal Pansara. They oversee the company's operations and strategic direction.

As of March 2023, the management team of Sprayking Ltd consists of the following individuals:<BR><BR>1. Hitesh Dudhagara - Chairman & Managing Director<BR>2. Pragjibhai Patel - Executive Director & Wholetime Director<BR>3. Ronak Dudhagara - Executive Director<BR>4. Dhruvik Maheshbhai Bhanderi - Independent Non-Executive Director<BR>5. Jigensh Ramnikbhai Sanghani - Independent Non-Executive Director<BR>6. Vishal Pansara - Independent Non-Executive Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Who are the top shareholders of the Sprayking Ltd?

The top shareholders of Sprayking Ltd are Hitesh Pragajibhai Dudhagara with 18.48%, followed by Hetal Shashank Doshi at 14.55%. Individual investors collectively own 46.4%, with no institutional holdings reported.

The top shareholders of Sprayking Ltd include Hitesh Pragajibhai Dudhagara, who holds the largest stake at 18.48%. The highest public shareholder is Hetal Shashank Doshi, with a holding of 14.55%. Additionally, individual investors collectively own 46.4% of the company. There are no institutional holdings from mutual funds or foreign institutional investors.

Are Sprayking Ltd latest results good or bad?

Sprayking Ltd's latest results show strong profitability with a net profit of ₹4.10 crores, up 645.45% year-on-year, and an operating margin of 28.64%. However, revenue declined by 30.38% year-on-year to ₹19.66 crores, raising concerns about demand stability and long-term growth.

Sprayking Ltd's latest results present a mixed picture. On one hand, the company achieved a remarkable net profit of ₹4.10 crores in Q2 FY26, reflecting a staggering growth of 645.45% year-on-year. This is a significant improvement from the previous year, indicating strong profitability metrics. Additionally, the operating margin reached 28.64%, the highest in three years, showcasing effective cost management.<BR><BR>However, the revenue figures tell a different story. The company's revenue for the quarter was ₹19.66 crores, which marks a concerning decline of 30.38% year-on-year and a drop of 11.76% from the previous quarter. This decline in revenue is alarming, as it represents the lowest quarterly revenue in over two years, raising questions about demand stability and the sustainability of the business.<BR><BR>In summary, while Sprayking Ltd has demonstrated exceptional profitability and margin performance, the significant revenue decline poses serious challenges. The current situation suggests that while the company is managing costs effectively, it faces structural issues that need to be addressed to ensure long-term growth and stability.

Is Sprayking Ltd overvalued or undervalued?

As of November 10, 2025, Sprayking Ltd's valuation has shifted from very attractive to attractive, with key financial metrics indicating it is undervalued compared to peers like Thermax and BEML Ltd, despite a year-to-date stock decline of -64.81%.

As of 10 November 2025, the valuation grade for Sprayking Ltd has moved from very attractive to attractive. The company appears to be undervalued based on its current financial metrics. Key ratios include a PE ratio of 5.06, an EV to EBITDA of 8.78, and a PEG ratio of 0.09, all of which suggest that the stock is trading at a significant discount compared to its earnings growth potential.<BR><BR>In comparison to its peers, Sprayking Ltd's valuation stands out, particularly against Thermax, which has a PE ratio of 55.73, and BEML Ltd at 56.52. This stark contrast indicates that Sprayking Ltd is undervalued relative to its industry counterparts. Additionally, despite recent poor stock performance, with a year-to-date return of -64.81% compared to a 6.91% gain in the Sensex, the underlying valuation metrics suggest that there is potential for recovery and growth in the long term.

How has been the historical performance of Sprayking Ltd?

Sprayking Ltd has experienced significant growth in net sales, rising from 19.33 Cr in Mar'23 to 127.77 Cr in Mar'25, but faced increased total expenditure, leading to declines in operating profit and net income. Despite rising revenues, profit before tax fell from 12.43 Cr in Mar'24 to 9.63 Cr in Mar'25, and cash flow from operating activities was negative at -20.00 Cr in Mar'24.

Answer:<BR>The historical performance of Sprayking Ltd shows significant growth in net sales and operating income over the past three years, with net sales increasing from 19.33 Cr in Mar'23 to 127.77 Cr in Mar'25. Total operating income followed a similar trend, rising from 19.33 Cr in Mar'23 to 127.77 Cr in Mar'25. However, total expenditure also rose sharply, from 16.79 Cr in Mar'23 to 117.62 Cr in Mar'25, leading to a decrease in operating profit from 15.73 Cr in Mar'24 to 13.64 Cr in Mar'25. Profit before tax peaked at 12.43 Cr in Mar'24 but fell to 9.63 Cr in Mar'25, while profit after tax also declined slightly from 8.92 Cr in Mar'24 to 7.28 Cr in Mar'25. The earnings per share (EPS) showed fluctuations, with a decrease from 0.51 in Mar'24 to 0.25 in Mar'25. The company's total liabilities increased to 96.65 Cr in Mar'24, and cash flow from operating activities was negative at -20.00 Cr in Mar'24, although financing activities provided a net inflow of 31.00 Cr.<BR><BR>Breakdown:<BR>Sprayking Ltd's financial performance has demonstrated a remarkable increase in net sales, which surged from 19.33 Cr in Mar'23 to 127.77 Cr in Mar'25, reflecting a strong growth trajectory. Alongside this, total operating income mirrored this growth, reaching 127.77 Cr in Mar'25. However, the company's total expenditure also escalated significantly, from 16.79 Cr in Mar'23 to 117.62 Cr in Mar'25, which impacted operating profit, leading to a decline from 15.73 Cr in Mar'24 to 13.64 Cr in Mar'25. Profit before tax and profit after tax both saw a decrease in Mar'25 compared to the previous year, indicating challenges in maintaining profitability despite rising revenues. The earnings per share fluctuated, dropping to 0.25 in Mar'25 from 0.51 in Mar'24. The total liabilities stood at 96.65 Cr in Mar'24, and the cash flow from operating activities was negative, although financing activities contributed positively to the cash flow, highlighting the company's reliance on external financing.

When is the next results date for Sprayking Ltd?

The next results date for Sprayking Ltd is 14 February 2026.

The next results date for Sprayking Ltd is scheduled for 14 February 2026.

Should I buy, sell or hold Sprayking Ltd?

Why is Sprayking Ltd falling/rising?

As of 05-May, Sprayking Ltd's stock price is falling to 1.41, reflecting a 2.08% decrease and underperforming its sector. The stock shows a consistent downward trend with significant investor disinterest and poor long-term fundamentals, leading to a negative overall sentiment.

As of 05-May, Sprayking Ltd's stock price is falling, currently at 1.41, which reflects a decrease of 0.03 or 2.08%. This decline is evident in its performance today, where it has underperformed its sector by 2.53%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a consistent downward trend.<BR><BR>Investor participation has also decreased significantly, with delivery volume dropping by 50.25% compared to the 5-day average, suggesting reduced interest from investors. Additionally, the stock has shown poor performance over various time periods, with a year-to-date return of -22.53% and a staggering -59.07% return over the past year. This underperformance is compounded by a weak long-term fundamental outlook, characterized by a -21.77% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 4.27 times, indicating a low ability to service debt.<BR><BR>Despite some positive factors, such as a very attractive valuation and a PEG ratio of 0.5, the overall sentiment remains negative due to the company's flat results and declining profitability, as evidenced by a PAT of -0.43 crore, which has fallen by 122.2%. Consequently, these factors contribute to the stock's current downward trajectory.

Which are the latest news on Sprayking Ltd?