SEPC Limited (IN:SEPC)
:SEPC
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SEPC Limited
(SEPC)
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Rating:57Neutral
Price Target:
₹7.00
▼(-28.50% Downside)
Action:ReiteratedDate:04/09/26
The score is primarily supported by improving revenue and margins and a stable equity base, but it is held back by negative operating/free cash flow and thin profitability. Technical signals are weak-to-mixed with a broader downtrend versus longer-term moving averages, and valuation is pressured by a relatively high P/E with no dividend support.
Positive Factors
Revenue Growth
Sustained high revenue growth indicates the company is winning and executing more projects, which supports scale and utilization in an EPC model. Over 2-6 months this enhances bargaining power with suppliers, spreads fixed costs, and creates a foundation for durable margin improvement if execution execution quality holds.
Negative Factors
Negative Operating Cash Flow
Persistent negative operating and free cash flows signal structural working-capital friction common in EPCs but acute here; revenues aren’t converting to cash. Over months this strains liquidity, may force external financing or slower supplier payments, and raises execution risk on new contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high revenue growth indicates the company is winning and executing more projects, which supports scale and utilization in an EPC model. Over 2-6 months this enhances bargaining power with suppliers, spreads fixed costs, and creates a foundation for durable margin improvement if execution execution quality holds.
Read all positive factors
SEPC Limited (SEPC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.15B
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)31.6
Beta (1Y)1.83
Revenue Growth8.69%
EPS Growth51.66%
CountryIN
Employees229
SectorConsumer Defensive
Sector Strength42
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.08
Shares Outstanding1,593,164,400
10 Day Avg. Volume486,466
30 Day Avg. Volume1,085,827
Financial Highlights & Ratios
PEG Ratio-15.62
Price to Book (P/B)1.61
Price to Sales (P/S)4.06
P/FCF Ratio-18.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SEPC Limited Business Overview & Revenue Model
Company Description
Sepc Limited provides integrated design, engineering, procurement, construction, and project management services in India and internationally. It offers turnkey contracting solutions, including design, engineering, and construction for ferrous and...
How the Company Makes Money
SEPC primarily makes money by executing projects under EPC/turnkey contracts and related project delivery agreements. Under this model, revenue is recognized from contract value as the company meets contract milestones or achieves progress on proj...
SEPC Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.91B | 5.98B | 5.61B | 3.79B | 3.29B | 5.80B |
| Gross Profit | 1.51B | 1.25B | 937.11M | 597.96M | 360.24M | 224.40M |
| EBITDA | 937.64M | 850.46M | 798.46M | 989.65M | -994.13M | -661.02M |
| Net Income | 393.14M | 248.40M | 227.84M | -49.04M | -2.64B | -1.79B |
Balance Sheet | ||||||
| Total Assets | 29.35B | 23.87B | 22.09B | 20.02B | 22.23B | 24.16B |
| Cash, Cash Equivalents and Short-Term Investments | 2.35B | 511.08M | 305.98M | 353.07M | 73.18M | 48.02M |
| Total Debt | 3.65B | 3.58B | 4.55B | 4.09B | 9.81B | 8.36B |
| Total Liabilities | 10.52B | 8.79B | 9.97B | 9.14B | 14.84B | 14.11B |
| Stockholders Equity | 18.81B | 15.06B | 12.10B | 10.86B | 7.38B | 10.04B |
Cash Flow | ||||||
| Free Cash Flow | -1.48B | -1.33B | -1.21B | 207.66M | -720.05M | -562.07M |
| Operating Cash Flow | -1.48B | -1.33B | -1.21B | 209.05M | -719.94M | -498.92M |
| Investing Cash Flow | 13.93M | 37.25M | -239.09M | 124.81M | 10.25M | 210.86M |
| Financing Cash Flow | 1.58B | 1.18B | 1.30B | -61.42M | 683.87M | 251.59M |
SEPC Limited Technical Analysis
Neutral
9.79
Price Trends
7.23
Negative
8.49
Negative
10.34
Negative
Market Momentum
-0.37
Negative
58.89
Neutral
89.83
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SEPC, the sentiment is Neutral. The current price of 9.79 is above the 20-day moving average (MA) of 5.55, above the 50-day MA of 7.23, and below the 200-day MA of 10.34, indicating a neutral trend. The MACD of -0.37 indicates Negative momentum. The RSI at 58.89 is Neutral, neither overbought nor oversold. The STOCH value of 89.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SEPC.
SEPC Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹19.34B | 23.35 | ― | 3.64% | -8.09% | -12.59% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ₹19.22B | 20.37 | ― | 1.43% | 12.40% | -9.69% | |
58 Neutral | ₹20.06B | 37.48 | ― | 0.14% | -6.76% | -31.51% | |
57 Neutral | ₹11.15B | 31.63 | ― | ― | 8.69% | 51.66% | |
51 Neutral | ₹10.52B | 893.07 | ― | 0.07% | 4.28% | 32.37% | |
43 Neutral | ₹11.07B | 46.69 | ― | 0.21% | -7.55% | -30.11% |
* Consumer Defensive Sector Average
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SEPC Limited Corporate Events
SEPC Hit by Twin Downgrades as CRISIL and Infomerics Cut Ratings to ‘D’
Mar 10, 2026
SEPC Limited has disclosed that two major credit rating agencies, CRISIL Ratings and Infomerics Valuation and Rating, have sharply downgraded the company’s long-term and short-term bank facilities to the lowest ‘D’ grade. These d...
SEPC Discloses Cancellation of Key Letter of Intent by TCIL
Mar 3, 2026
SEPC Limited has disclosed that Telecommunications Consultants India Limited has cancelled a previously issued Letter of Intent, which had been communicated to the company on 7 February 2026. The loss of this prospective contract may impact SEPC&#...
SEPC Order Book Hits ₹10,455 Crore, Signalling Strong Multi‑Year Growth
Feb 23, 2026
SEPC Limited has entered a decisive growth phase, with its consolidated order book reaching a record ₹10,455 crore as of 31 December 2025, driven by robust order inflows in FY26 and disciplined project selection across core infrastructure se...
SEPC wins ₹314 crore smart prepaid metering mandate in Punjab
Feb 10, 2026
SEPC Limited has secured a Letter of Intent from state-owned Telecommunications Consultants India Limited to implement a smart prepaid metering project in Punjab’s Central Zone under the Revamped Distribution Sector Scheme. Valued at about &...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.