SPML Infra Limited
NSE: SPMLINFRA · Civil Construction · sector
₹126.74NSE close 2026-10-26
Key numbers
Market cap₹1,121 cr
Price₹126.74
52w high / low₹240 / ₹127
P/E11.6xSector median 12.2x
P/B1.2xSector median 1.3x
Book value₹107.2
Dividend yield–Sector median 0.76%
ROE7.3%Sector median 10.2%
ROCE7.4%Sector median 12.9%
OPM8.2%Sector median 10.7%
Debt / equity0.37xSector median 0.36x
EV/EBITDA16.0xSector median 8.8x
Interest cover7.7x
Current ratio1.70x
Sales growth 3y-0.6%Sector median +6.7%
Profit growth 3y+475.9%Sector median +5.8%
PEG0.03x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹167 cr vs borrowings ₹346 cr (FY26): borrowings are higher by ₹180 cr.
- Borrowings fell in each of the last 3 years (₹1,754 cr → ₹346 cr).
- Operating profit covered interest 7.7x in the last 12 months.
- 22.85% of the promoters' shares are pledged (9.3% of all shares).
- Promoter holding rose by 5.40 percentage points in a year, to 40.52% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 27% of net profit in the last 12 months.
- Debtor days went from 112 (FY24) to 216 (FY26).
- No dividend in the last 5 financial years.
- Price ₹126.74 on 2026-10-26: -47.2% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹290.01 · low ₹126.74
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 189 | 186 | 189 | 156 | 188 | 230 | 291 | 284 |
| EBITDA | 13 | 8 | 10 | 7 | 9 | 25 | 21 | 27 |
| OPM % | 6.8% | 4.3% | 5.4% | 4.6% | 4.7% | 10.8% | 7.1% | 9.5% |
| Other income | 12 | 14 | 12 | 17 | 11 | 1 | 3 | 1 |
| Net profit | 13 | 10 | 12 | 12 | 15 | 20 | 27 | -0 |
| EPS (₹) | 2.48 | 1.20 | 1.15 | 1.69 | 2.10 | 2.75 | 3.39 | 2.74 |
| Revenue YoY | -0.4% | +23.3% | +53.7% | +82.3% | ||||
| Profit YoY | +15.2% | +104.6% | +126.3% | -101.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 952 | 883 | 1,319 | 771 | 868 | 992 |
| EBITDA | 6 | 29 | 15 | 43 | 66 | 81 |
| Net profit | -0 | 0 | -7 | 48 | 75 | 62 |
| EPS (₹) | 0.09 | 0.08 | -1.42 | 7.61 | 10.14 | 10.98 |
| Revenue growth | -7.2% | +49.4% | -41.6% | +12.7% | +37.9% | |
| Profit growth | – | -1,887.2% | – | +55.8% | +32.3% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.6% | +4.9% | +37.9% |
| Net profit | +475.9% | – | +32.3% |
| EPS | +402.3% | – | – |
| Share price | – | -21.4% (2y) | -38.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 342 | 460 | 770 | 948 |
| Borrowings | – | 1,754 | 549 | 369 | 346 |
| Cash & equivalents | – | 23 | 234 | 209 | 167 |
| Total assets | – | 2,793 | 1,892 | 1,967 | 2,296 |
| Fixed assets | – | 94 | 6 | 3 | 39 |
| Capital work in progress | – | 56 | – | 0 | 64 |
| Investments | – | 59 | 38 | 39 | 36 |
| Receivables | – | 1,198 | 404 | 396 | 514 |
| Inventory | – | 92 | 37 | 50 | 124 |
| Payables | – | 434 | 363 | 478 | 624 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -19 | 20 | 624 | -84 | -113 |
| Cash from investing | 36 | 46 | -7 | -90 | -32 |
| Cash from financing | -16 | -87 | -410 | 76 | 79 |
| Capex | 1 | 0 | 67 | 1 | 66 |
| Free cash flow | -20 | 20 | 558 | -85 | -179 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 0.1% | -1.5% | 6.2% | 7.9% |
| ROCE % | – | 2.5% | 5.5% | 8.4% | 6.4% |
| Debtor days | – | 495 | 112 | 187 | 216 |
| Inventory days | – | 44 | 13 | 28 | 63 |
| Payable days | – | 206 | 130 | 263 | 318 |
| Cash conversion cycle (days) | – | 333 | -5 | -48 | -39 |
| Working capital days | – | 34 | 87 | 215 | 229 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 40.52% |
| FIIs | 0.41% |
| DIIs | 14.77% |
| Public (non-institutions) | 44.30% |
| Quarter | Mar 2026 | Mar 2026 | Mar 2026 | Apr 2026 | Apr 2026 | Jun 2026 | Jul 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 39.03% | 39.54% | 39.54% | 40.19% | 40.96% | 40.85% | 40.52% | 40.52% |
| Promoter group | % |
|---|---|
| Zoom Industrial Services Ltd | 17.20% |
| Niral Enterprises Private Limited | 8.95% |
| SPML India Limited | 7.84% |
| Subhash Chand Sethi | 2.01% |
| Sushil Kumar Sethi | 1.59% |
| 20TH Century Engineering Limited | 1.18% |
| Punam Chand Sethi | 0.58% |
| Arihant Leasing and Holding Limited | 0.51% |
| Punam Chand Sethi | 0.44% |
| Suman Sethi | 0.22% |
| Sushil Kumar Sethi | 0.00% |
| Sandhya Rani Sethi | 0.00% |
| Subhash Chand Sethi | 0.00% |
| Abhinandan Sethi | 0.00% |
| Bharat Hydro Power Corporation Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| National Asset Reconstruction Company Limited | 12.87% |
| ADD Realty Limited | 2.24% |
| Anil Kumar Sethi | 2.09% |
| Procheta Consultants Private Limited | 1.86% |
| Kedia Securities Private Limited | 1.77% |
| ICICI Bank | 1.35% |
| Shakti Finvest Private Limited | 1.10% |
25,646 shareholders. Pledged: 22.85% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| SPMLINFRA | ₹1,121 cr | 11.6x | 1.2x | 7.3% | 7.4% | 8.2% | -0.6% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-13 | Other | Annual General Meeting |
| 2024-04-18 | Other | Extra Ordinary General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-16 | Other | Annual General Meeting |
| 2022-02-10 | Other | Extra Ordinary General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2021-03-16 | Other | Extra Ordinary General Meeting |
| 2020-12-09 | Other | Annual General Meeting |
| 2019-09-13 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-11-09 | Other | Extraordinary General Meeting |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-09-21 | Other | Annual General Meeting |
| 2015-09-18 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-09-21 | Other | Annual General Meeting |
| 2011-09-26 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2010-09-27 | Dividend | Annual General Meeting And Dividend Re.0.80 Per Share |
| 2009-09-24 | Other | Agm/Div-Rs.1.20 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | SPMLINFRA |
| BSE code | 500402 |
| ISIN | INE937A01023 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.