Spray Engineering Devices Limited - Unlisted Shares
Fundamentals
- Current Price
- ₹2,050
- Market Cap
- ₹4,630.29 Cr
- ISIN
- INE528I01015
- Face Value
- ₹10
- P/E Ratio
- 88.40
- EPS
- 23.19
- P/B Ratio
- 65.30
- Book Value
- 31.39
- Debt / Equity Ratio
- 0
Key Financials
Profit & Loss
| Metric |
|---|
| Net Revenue |
| Growth % |
| Total Operating Expenses |
| Growth % |
| Operating Profit |
| Operating Profit Margin % |
| Other Income |
| Finance Costs |
| Depreciation and Amortization Expense |
| Profit before Tax |
| Income Tax |
| Tax % |
| Profit After Tax |
| Growth % |
| PAT % |
| EPS |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Equity Capital | 22.58 | 22.58 | 22.43 | 22.43 |
| Reserves and Surplus | 100.69 | 48.32 | 14.76 | -0.56 |
| Total Equity | 123.27 | 70.90 | 37.19 | 21.87 |
| Long Term Borrowings | 20.99 | 22.45 | 4.51 | 3.23 |
| Other Long Term Liabilities | 10.138 | 5.12 | 3.30 | 2.66 |
| Total Non-Current Liabilities | 31.128 | 27.57 | 7.81 | 5.89 |
| Short Term Borrowings | 54.26 | 36.35 | 14.60 | 19.89 |
| Other Current Liabilities | 93.52 | 129.35 | 124.76 | 77.29 |
| Total Current Liabilities | 147.78 | 165.70 | 139.36 | 97.18 |
| Equity + Liabilities | 302.17 | 264.17 | 184.4 | 124.94 |
| Fixed Assets (incl. WIP) | 91.99 | 67.53 | 26.95 | 24.13 |
| Other Non Current Assets | 5.63 | 8.77 | 2.54 | 5.41 |
| Total NC Assets | 97.62 | 76.30 | 29.49 | 29.54 |
| Trade Receivables | 86.8 | 60.08 | 42.90 | 30.59 |
| Cash and Bank Balances | 0.41 | 1.40 | 11.05 | 5.3 |
| Other Current Assets | 117.34 | 126.39 | 31.85 | 59.51 |
| Total Current Assets | 204.55 | 187.87 | 154.88 | 95.4 |
| Total Assets | 302.17 | 264.17 | 184.4 | 124.94 |
Shareholding Pattern
- Vivek Verma
- 53.99%%
- Prateek Verma
- 26.31%%
- Klondike Investments Ltd.
- 12.50%%
- Others
- 7.20%%
Strengths & Weaknesses
Strengths
- Revenue Growth: SEDL achieved substantial revenue growth in the fiscal year, with revenue from operations reaching ₹5,47 Cr, up from ₹3,926.20 million in the previous year. This reflects a positive trend in its business operations.
- Intellectual Property: Additionally, SEDL possesses a range of intellectual assets both domestically and internationally, providing the company with a competitive edge over its industry peers.
- Strong Asset Base: The company has significant non-current assets, including property, plant, and equipment valued at ₹97.6 Cr, creating a solid foundation to support its ongoing and future operations.
- Experienced Promoters: The company’s promoters bring nearly three decades of industry experience, gained through their involvement with SEDL and previous roles in the sugar sector.
Weaknesses
- Increased Debt: Current liabilities increased, including a rise in borrowings, which may imply dependence on debt for capital, potentially impacting liquidity.
- Dependence on Specialized Industries: The focus on sugar and allied industries may expose SEDL to sector-specific risks, such as fluctuations in demand for sugar processing equipment.
About Spray Engineering Devices Limited
Spray Engineering Devices Limited (SEDL) was formed by merger of two partnership firms, namely Spray Engineering Devices (started in 1992) and C&C Systems in FY05. SEDL is promoted by Mr. Vivek Verma and Mr. Prateek Verma, having it’s cooperate office at Mohali, Punjab and three manufacturing units in Baddi, Himachal Pradesh, with an installed capacity of processing 50 tonnes sheet metal per day
Board of Directors
- Vivek Verma - Managing Director
- Prateek Verma - Wholetime Director
- Rinkal Goyal - Company Secretary
- Manoj Gupta - CFO
- Ashok Kumar - Director
- Tara Chand Meenia - Director
- Shridhar Venkatesh - Nominee Director