SPML Infra

Why is SPML Infra Ltd falling/rising?

As of 12-Jun, SPML Infra Ltd's stock price is rising to Rs 189.90, driven by strong recent financial results and a favorable valuation. However, it has underperformed historically and is facing declining investor interest.

As of 12-Jun, SPML Infra Ltd's stock price is rising, currently at Rs 189.90, reflecting an increase of Rs 5.95 or 3.23%. This upward movement follows a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 192.15, indicating a positive intraday performance despite underperforming its sector by 0.28%. <BR><BR>The company has recently reported very positive financial results, including a significant net profit growth of 143.12% and a remarkable increase in profit before tax (PBT) of 2168.00%. Additionally, the debt-equity ratio is at a low of 0.38 times, suggesting a strong financial position. The stock is trading at a discount compared to its peers' average historical valuations, which may attract investors looking for value. <BR><BR>However, it is important to note that despite these positive indicators, the stock has underperformed in the longer term, with a year-to-date return of +7.56% compared to a -11.37% return for the Sensex. Over the past year, the stock has generated a return of -14.86%, which is significantly worse than the broader market's performance. Furthermore, there has been a decline in investor participation, with delivery volume falling by 27.99% against the five-day average. <BR><BR>In summary, while SPML Infra Ltd is experiencing a rise in its stock price due to strong recent financial performance and a favorable valuation, it faces challenges from its historical underperformance and declining investor interest.

Which are the latest news on SPML Infra?

What does SPML Infra do?

SPML Infra Ltd, established in 1981 and formerly known as Subhash Projects and Marketing Ltd, is a small-cap construction company with a market cap of INR 1,620 Cr, reporting net sales of 291 Cr and a net profit of 27 Cr for the quarter ending March 2026. Key metrics include a P/E ratio of 21.00 and a debt-equity ratio of 0.20.

Overview:<BR>SPML Infra Ltd is a small-cap company operating in the construction industry.<BR><BR>History:<BR>SPML Infra Limited was established on August 27, 1981, and was formerly known as 'Subhash Projects and Marketing Limited' until it was renamed on April 12, 2010. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 291 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 27 Cr (Quarterly Results - Mar 2026)<BR>- Market cap: INR 1,620 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 21.00<BR>- Industry P/E: 44<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.20<BR>- Return on Equity: 7.88%<BR>- Price to Book: 1.72<BR><BR>Contact Details:<BR>- Address: F-27/2 Okhla Industrial Area, Phase II New Delhi New Delhi : 110020<BR>- Tel: 91-124-3944555<BR>- Email: info@spml.co.in<BR>- Website: http://www.spml.co.in

How big is SPML Infra?

As of 10th June, SPML Infra Ltd has a market capitalization of 1,620.00 Cr, with recent Net Sales of 866.32 Cr and a Net Profit of 74.68 Cr. The latest balance sheet shows Shareholder's Funds of 770.14 Cr and Total Assets of 1,866.46 Cr.

As of 10th June, SPML Infra Ltd has a market capitalization of 1,620.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, SPML Infra reported Net Sales of 866.32 Cr and a Net Profit of 74.68 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 770.14 Cr and Total Assets of 1,866.46 Cr.

Who are in the management team of SPML Infra?

The management team of SPML Infra includes Subhash Sethi (Chairman), Sushil Sethi (Vice Chairman), and several independent directors: Prem Singh Rana, Pavitra Joshi Singh, Tirudaimarudhur Srivastan Sivashankar, and Charan Singh, along with Swati Agarwal as Company Secretary. They oversee the company's operations and strategic direction.

The management team of SPML Infra includes the following individuals:<BR><BR>1. **Subhash Sethi** - Chairman & Wholetime Director<BR>2. **Sushil Sethi** - Vice Chairman<BR>3. **Prem Singh Rana** - Independent Director<BR>4. **Pavitra Joshi Singh** - Independent Director<BR>5. **Swati Agarwal** - Company Secretary & Compliance Officer<BR>6. **Tirudaimarudhur Srivastan Sivashankar** - Independent Director<BR>7. **Charan Singh** - Independent Director<BR><BR>This team plays a crucial role in overseeing the company's operations and strategic direction.

Who are the peers of the SPML Infra?

SPML Infra's peers include Simplex Infra, Capacit'e Infra, M & B Engineer, Garuda Cons, GPT Infraproject, SEPC, B.L. Kashyap, and TVS Infra Trust. In terms of management risk, SPML Infra is rated below average, with a 1-year return of -12.94%, better than SEPC's -53.56% but worse than Garuda Cons' 26.72%.

Peers: The peers of SPML Infra are Simplex Infra, Capacit'e Infra., M & B Engineer., Garuda Cons, GPT Infraproject, SEPC, B.L.Kashyap, and TVS Infra. Trust.<BR><BR>Quality Snapshot: Excellent management risk is observed at M & B Engineer. Average management risk is found at Capacit'e Infra. and Garuda Cons, while Below Average management risk is noted for Simplex Infra, SPML Infra, SEPC, B.L.Kashyap, and TVS Infra. Trust. Growth is Excellent at Capacit'e Infra. and Garuda Cons, while Below Average growth is seen at Simplex Infra, SPML Infra, M & B Engineer., GPT Infraproject, SEPC, B.L.Kashyap, and TVS Infra. Trust. Good capital structure is present at Capacit'e Infra. and M & B Engineer., while Below Average capital structure is noted for Simplex Infra, SPML Infra, SEPC, B.L.Kashyap, GPT Infraproject, and TVS Infra. Trust.<BR><BR>Return Snapshot: Garuda Cons has the highest 1-year return at 26.72%, while SEPC has the lowest at -53.56%, with SPML Infra's 1-year return at -12.94% being better than SEPC's but worse than Garuda Cons. Additionally, the six-month return is negative for Capacit'e Infra., M & B Engineer., Garuda Cons, SEPC, and B.L.Kashyap.

Should I buy, sell or hold SPML Infra Ltd?

Are SPML Infra Ltd latest results good or bad?

SPML Infra Ltd's latest results show strong revenue growth and a significant increase in net profit, but concerns arise from declining operating margins, low return on equity, and negative cash flow, indicating potential underlying challenges. Investors should be cautious despite the positive headline figures.

SPML Infra Ltd's latest results present a mixed picture. On one hand, the company reported a significant increase in net profit, which rose by 126.31% year-on-year to ₹27.18 crores for Q4 FY26. Additionally, revenue growth was strong, with a quarter-on-quarter increase of 26.44% and a year-on-year growth of 53.68%, reaching ₹290.51 crores. This indicates improved order execution and operational momentum.<BR><BR>However, there are notable concerns regarding profitability metrics. The operating margin, excluding other income, decreased to 7.10% from 10.79% in the previous quarter, suggesting potential pricing pressures or cost inflation. More critically, the return on equity (ROE) stands at just 6.12%, significantly below the industry average, indicating inefficiencies in capital deployment. Furthermore, the company reported negative operating cash flow of ₹84 crores for FY25, raising questions about its sustainability.<BR><BR>In summary, while the headline figures show impressive growth, underlying issues such as weak return metrics and negative cash flow suggest that the overall results may not be as favorable as they initially appear. Investors should approach with caution, considering both the positive revenue growth and the structural challenges the company faces.

When is the next results date for SPML Infra Ltd?

The next results date for SPML Infra Ltd is 28 May 2026.

The next results date for SPML Infra Ltd is scheduled for 28 May 2026.

Is SPML Infra overvalued or undervalued?

As of November 17, 2025, SPML Infra's valuation has improved to attractive, indicating it is undervalued with a PE ratio of 31.43 and strong growth potential compared to peers, despite a year-to-date return of -16.56% against the Sensex's 8.72%.

As of 17 November 2025, SPML Infra's valuation grade has moved from fair to attractive, indicating a more favorable assessment of its market position. The company appears to be undervalued, especially considering its PE ratio of 31.43, EV to EBITDA of 50.26, and a PEG ratio of 0.21, which suggests strong growth potential relative to its price. <BR><BR>In comparison to peers, SPML Infra's PE ratio is lower than that of Larsen & Toubro, which stands at 34.55, while CG Power & Industries is significantly more expensive with a PE of 110.51. This positions SPML Infra favorably within its industry, particularly given its attractive valuation relative to its earnings potential. Despite recent underperformance against the Sensex, with a year-to-date return of -16.56% compared to the Sensex's 8.72%, the long-term performance of SPML Infra has been robust, reflecting its potential for recovery and growth.

Is SPML Infra technically bullish or bearish?

As of November 17, 2025, SPML Infra's technical trend is mildly bearish, indicated by bearish weekly and monthly MACD readings, mixed Bollinger Bands signals, and overall bearish KST and Dow Theory indicators.

As of 17 November 2025, the technical trend for SPML Infra has changed from sideways to mildly bearish. The weekly MACD is bearish, and the monthly MACD is mildly bearish, indicating a negative momentum. The Bollinger Bands show a bearish signal on the weekly chart, while the monthly is mildly bullish, suggesting mixed signals. Moving averages on the daily chart are mildly bullish, but this is overshadowed by the overall bearish stance in the weekly and monthly KST and Dow Theory indicators, both of which are mildly bearish. The RSI shows no signals in both time frames, and the OBV indicates no trend. Overall, the current technical stance is mildly bearish, driven primarily by the bearish MACD and KST readings.

How has been the historical performance of SPML Infra?

SPML Infra's historical performance has been marked by significant fluctuations, with net sales declining from 2,011.52 Cr in Mar'19 to 770.64 Cr in Mar'25, despite a recovery in profitability indicators. The company faces challenges in revenue generation and cash flow management, even as it reduces debt levels.

Answer:<BR>The historical performance of SPML Infra shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>SPML Infra's net sales have seen a decline from 2,011.52 Cr in Mar'19 to 770.64 Cr in Mar'25, with a notable drop in Mar'24 at 1,318.97 Cr and a slight recovery in Mar'23 at 883.14 Cr. Total operating income followed a similar trend, peaking in Mar'19 and dropping to 770.64 Cr in Mar'25. The company's total expenditure, excluding depreciation, also decreased from 1,842.93 Cr in Mar'19 to 727.92 Cr in Mar'25. Operating profit (PBDIT) showed a recovery to 96.18 Cr in Mar'25 from a loss of -2.35 Cr in Mar'21, indicating improved operational efficiency. Profit before tax turned positive at 55.83 Cr in Mar'25 after several years of losses, while profit after tax also rebounded to 47.25 Cr from a loss of -6.56 Cr in Mar'21. The total liabilities decreased from 2,905.63 Cr in Mar'20 to 1,866.46 Cr in Mar'25, reflecting a reduction in debt levels. Cash flow from operating activities turned negative at -84.00 Cr in Mar'25, contrasting with a positive inflow of 594.00 Cr in Mar'24, indicating challenges in cash generation. Overall, while SPML Infra has shown signs of recovery in profitability, it continues to face challenges in revenue generation and cash flow management.

Who are the top shareholders of the SPML Infra?

The top shareholders of SPML Infra include Zoom Industrial Services Ltd with 18.09%, Tusk Investments Limited at 3.99%, and individual investors holding 24.49%. Additionally, 11 Foreign Institutional Investors own a total of 0.7%, while no mutual funds have holdings in the company.

The top shareholders of SPML Infra include a mix of institutional and individual investors. The majority of the shareholding is held by non-institutional investors. The promoter with the highest holding is Zoom Industrial Services Ltd, which owns 18.09% of the company. Additionally, Tusk Investments Limited is the highest public shareholder with a stake of 3.99%. Individual investors collectively hold 24.49% of the shares. On the institutional side, there are 11 Foreign Institutional Investors (FIIs) holding a total of 0.7% of the shares, while no mutual funds currently have holdings in the company.

Has SPML Infra declared dividend?

SPML Infra Ltd has declared a 25% dividend, amounting to 0.5 per share, with an ex-date of September 26, 2011. While the dividend yield is 0%, the company has shown significant price appreciation over various periods, with total returns reaching as high as 2309.5% over five years.

SPML Infra Ltd has declared a 25% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 25%<BR>- Amount per share: 0.5<BR>- Ex-date: 26 Sep 11<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -19.49%, the dividend return was 0%, resulting in a total return of -19.49%.<BR><BR>In the 1-year period, the price return was 45.22%, the dividend return was 0%, resulting in a total return of 45.22%.<BR><BR>In the 2-year period, the price return was 452.55%, the dividend return was 0%, resulting in a total return of 452.55%.<BR><BR>In the 3-year period, the price return was 362.32%, the dividend return was 0%, resulting in a total return of 362.32%.<BR><BR>In the 4-year period, the price return was 1556.66%, the dividend return was 0%, resulting in a total return of 1556.66%.<BR><BR>In the 5-year period, the price return was 2309.5%, the dividend return was 0%, resulting in a total return of 2309.5%.<BR><BR>Overall, SPML Infra has declared a dividend but has not provided a dividend yield, indicating that the dividend return has been consistently zero in recent periods. The total returns over various periods show significant price appreciation, particularly over the longer term, suggesting strong performance despite the lack of ongoing dividend returns.