Sprayking Ltd

Why is Sprayking Ltd falling/rising?

As of 20-Jun, Sprayking Ltd's stock price is at 1.14, with no change, and has significantly underperformed the market, declining -37.36% year-to-date and -63.52% over the past year. Weak financial fundamentals and reduced investor interest are contributing to its bearish trend.

As of 20-Jun, Sprayking Ltd's stock price is currently at 1.14, showing no change (0.00%). The stock has been experiencing a downward trend, having underperformed the sector by -1.43% today and has fallen consecutively for the last three days, resulting in a total decline of -2.59% during this period. Over the past week, the stock has decreased by -0.87%, while the benchmark Sensex has increased by +1.69%. <BR><BR>In terms of longer-term performance, Sprayking Ltd has significantly underperformed, with a year-to-date decline of -37.36% compared to a -9.88% drop in the Sensex. Over the past year, the stock has plummeted by -63.52%, while the benchmark has only fallen by -5.60%. This consistent underperformance is further highlighted by the stock's performance over three years, where it has dropped by -85.89% against a +21.58% increase in the benchmark.<BR><BR>The stock is also trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by -39.45% against the five-day average. This lack of interest from investors, combined with weak financial fundamentals—such as a high Debt to EBITDA ratio of 2.92 times and a significant drop in profits—contributes to the stock's declining price. <BR><BR>Overall, the combination of poor performance metrics, weak investor interest, and unfavorable financial indicators are driving the stock price of Sprayking Ltd lower.

Which are the latest news on Sprayking Ltd?

What does Sprayking Ltd do?

Sprayking Ltd is a Micro Cap company specializing in the manufacturing of brass parts, with recent net sales of 45 Cr and a net profit of -2 Cr as of March 2026. The company was incorporated in 2005 and rebranded in 2016.

Overview: <BR>Sprayking Ltd is an emerging leader in the manufacturing of brass parts, operating within the Other Industrial Products industry and classified as a Micro Cap company.<BR><BR>History: <BR>Sprayking Ltd was incorporated on February 17, 2005, originally under the name Sprayking Agro Equipment Limited, which was changed to its current name in 2016. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 45 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -2 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 25 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 13.00 <BR>Industry P/E: 37 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.42 <BR>Return on Equity: 3.27% <BR>Price to Book: 0.44 <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

How big is Sprayking Ltd?

As of 10th June, Sprayking Ltd has a market capitalization of 25.00 Cr, with net sales of 129.14 Cr and a net profit of 1.89 Cr reported in the latest four quarters. The balance sheet for March 2025 shows shareholder's funds of 31.74 Cr and total assets of 105.15 Cr.

As of 10th June, Sprayking Ltd has a market capitalization of 25.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Sprayking Ltd reported net sales of 129.14 Cr and a net profit of 1.89 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing shareholder's funds of 31.74 Cr and total assets of 105.15 Cr.

Who are in the management team of Sprayking Ltd?

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.

The management team of Sprayking Ltd includes 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>If you have any more questions about the company or its operations, feel free to ask!

Who are the peers of the Sprayking Ltd?

Sprayking Ltd's peers include Siyaram Recycli, Gabriel Pet, Delta Manufact, Welcast Steels, Storage Tech, Indobell Insul, Poojawes Metal, Associated Coat, and ARC Insulation. In terms of management risk, growth, and capital structure, Sprayking Ltd shows below average performance compared to its peers, with a 1-year return of -64.79%.

Peers: The peers of Sprayking Ltd are Siyaram Recycli., Gabriel Pet, Delta Manufact., Welcast Steels, Storage Tech, Indobell Insul., Poojawes. Metal., Associated Coat., and ARC Insulation.<BR><BR>Quality Snapshot: Excellent management risk is observed at Associated Coat., while Average management risk is found at Siyaram Recycli. and Indobell Insul., and Below Average management risk is present at Gabriel Pet, Delta Manufact., Welcast Steels, Storage Tech, Sprayking Ltd, Poojawes. Metal., and ARC Insulation. Growth is Excellent at Gabriel Pet, Good at Siyaram Recycli. and Sprayking Ltd, Average at Poojawes. Metal., and Below Average at Delta Manufact., Welcast Steels, Storage Tech, Indobell Insul., and ARC Insulation. Capital Structure is Excellent at ARC Insulation, Good at Gabriel Pet and Indobell Insul., Average at Storage Tech and Poojawes. Metal., and Below Average at Siyaram Recycli., Delta Manufact., Welcast Steels, and Sprayking Ltd.<BR><BR>Return Snapshot: The peer with the highest 1-year return is ARC Insulation at 0.00%, while the peer with the lowest is Siyaram Recycli. at -74.01%. Sprayking Ltd's 1-year return of -64.79% is higher than Siyaram Recycli.'s but lower than ARC Insulation's. Additionally, all peers except ARC Insulation have a negative six-month return.

Should I buy, sell or hold Sprayking Ltd?

Are Sprayking Ltd latest results good or bad?

Sprayking Ltd's latest results are unfavorable, showing a 58.92% revenue growth to ₹44.72 crores, but a net loss of ₹2.43 crores and a drastic decline in operating margin to 0.25%, indicating serious operational challenges.

Sprayking Ltd's latest results indicate a concerning financial situation. While the company achieved a significant revenue growth of 58.92% year-on-year, reaching ₹44.72 crores in net sales, this impressive top-line performance is overshadowed by a dramatic decline in profitability. The consolidated net profit for Q4 FY26 fell to a loss of ₹2.43 crores, marking a staggering 294.40% decrease compared to the previous year.<BR><BR>Additionally, the operating margin has plummeted to just 0.25%, down from 7.64% in the same quarter last year. This severe margin compression raises serious questions about the company's operational efficiency and cost management. The profit after tax margin has also turned negative at -0.89%, compared to a healthy 7.39% a year ago.<BR><BR>Overall, despite the strong revenue growth, the substantial losses and margin collapse suggest that Sprayking Ltd is facing significant operational challenges, making the latest results unfavorable.

When is the next results date for Sprayking Ltd?

The next results date for Sprayking Ltd is 26 May 2026.

The next results date for Sprayking Ltd is scheduled for 26 May 2026.

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.

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.

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.

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.

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