SPML Infra Limited (SPMLINFRA) AI Stock Analysis

• Market Cap: ₹20.70B
• Dividend Yield: N/A
• Average Volume (3M): 88.14K
• Price to Earnings (P/E): 39.8
• Beta (1Y): 1.00
• Revenue Growth: -38.70%
• EPS Growth: 477.18%
• Country: IN
• Employees: 243
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 1.59
• Shares Outstanding: 71,689,470
• 10 Day Avg. Volume: 86,511
• 30 Day Avg. Volume: 88,143
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹326.00
• Price Target Upside: 15.48% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: ₹326.00 ▲(15.48% Upside)

SPML Infra Limited's stock score is primarily driven by strong technical performance, suggesting bullish momentum. However, financial performance and high valuation present risks due to revenue and cash flow challenges, coupled with an overvalued P/E ratio.

SPML Infra Limited Business Overview & Revenue Model

Company Description

SPML Infra Limited is a leading infrastructure development company in India, specializing in water management, environment, and sustainable infrastructure projects. The company operates in various sectors, including water supply and management, wastewater treatment, power generation, and civil infrastructure development. SPML Infra is known for its expertise in executing large-scale infrastructure projects and providing innovative solutions to enhance urban and rural infrastructure across the country.

How the Company Makes Money

SPML Infra Limited generates revenue primarily through the execution of infrastructure projects commissioned by government bodies, municipalities, and private sector clients. The company's key revenue streams include the design, construction, and operation of water supply and wastewater treatment facilities, power generation projects, and urban infrastructure development. SPML Infra often participates in public-private partnerships (PPPs) and tenders to secure contracts for large-scale projects. The company's earnings are also influenced by strategic collaborations with technology providers and financial institutions, which help in the efficient execution and financing of complex infrastructure projects.

SPML Infra Limited Financial Statement Overview

Summary

SPML Infra Limited has shown progress in profitability and financial stability, with improved debt-to-equity ratio and stockholders' equity. However, challenges remain with revenue consistency and volatile cash flow management.

Income Statement

SPML Infra Limited demonstrated stable gross profit margins, though there was a notable decline in total revenue over the years. The company turned net income positive in 2025, showing improvement from previous losses, but still faces challenges in achieving consistent revenue growth.

Balance Sheet

The company has shown improvement in its debt-to-equity ratio, indicating reduced leverage over time. Stockholders' equity has increased, enhancing the equity ratio and overall financial stability. However, the high total debt remains a potential risk.

Cash Flow

Cash flow results highlight volatility, with fluctuating operating cash flow and negative free cash flow in recent years. The ratio of operating cash flow to net income suggests room for improvement in cash generation capabilities.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.71B	13.19B	8.83B	9.21B	6.56B
Gross Profit	820.22M	2.98B	1.13B	811.71M	1.03B
EBITDA	608.93M	590.57M	563.42M	236.57M	614.25M
Net Income	479.36M	-69.70M	3.91M	3.22M	-1.17B
Balance Sheet
Total Assets	19.67B	18.92B	27.93B	27.99B	27.20B
Cash, Cash Equivalents and Short-Term Investments	2.09B	2.28B	2.66B	426.40M	593.62M
Total Debt	3.69B	5.49B	17.54B	18.11B	18.44B
Total Liabilities	11.97B	14.28B	24.44B	24.72B	24.43B
Stockholders Equity	7.70B	4.60B	3.42B	3.20B	2.62B
Cash Flow
Free Cash Flow	-770.82M	5.28B	195.31M	-196.13M	-3.03B
Operating Cash Flow	-765.08M	5.94B	200.36M	-189.60M	-3.02B
Investing Cash Flow	-1.05B	-66.35M	459.19M	359.61M	908.26M
Financing Cash Flow	831.48M	-4.10B	-865.77M	-159.69M	2.31B

SPML Infra Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 282.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPMLINFRA, the sentiment is Positive. The current price of 282.3 is below the 20-day moving average (MA) of 282.44, above the 50-day MA of 256.22, and above the 200-day MA of 213.22, indicating a neutral trend. The MACD of 7.41 indicates Positive momentum. The RSI at 53.98 is Neutral, neither overbought nor oversold. The STOCH value of 32.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SPMLINFRA.

SPML Infra Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RPPINFRA	71 Outperform	₹5.70B	7.84		―	-0.58%	-12.30%
BLKASHYAP	64 Neutral	₹15.42B	56.29		―	-7.30%	-47.48%
SPMLINFRA	62 Neutral	₹20.70B	39.76		―	-38.70%	477.18%
VASCONEQ	62 Neutral	₹10.91B	7.62		0.64%	-0.49%	115.80%
SALASAR	57 Neutral	₹12.24B	45.45		0.24%	18.67%	-53.76%
Sector *	54 Neutral	C$45.05M	57.91	15.08%	4.51%	1.39%	-26.37%

SPML Infra Limited Corporate Events

SPML Infra Secures Rs. 385 Crore Water Infrastructure Project in Rajasthan

SPML Infra Limited has secured a significant Rs. 385 crore contract for a water infrastructure project in Rajasthan under the Jal Jeevan Mission. This project aims to enhance the water supply system in the Kekri-Sarwar region of Ajmer, including the construction of a water treatment plant, storage facilities, and a transmission network. The initiative is expected to improve water supply capabilities and support the government’s mission to ensure safe drinking water for every household.