SPML Infra Limited (IN:SPMLINFRA)
:SPMLINFRA
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SPML Infra Limited
(SPMLINFRA)
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Rating:58Neutral
Price Target:
₹160.00
▼(-17.44% Downside)
Action:ReiteratedDate:03/05/26
The score is primarily driven by mixed financial performance: improving profitability and balance-sheet metrics are offset by declining revenue and weak/volatile cash flow. Technical indicators are neutral-to-soft (negative MACD and below key longer-term moving averages), while valuation appears moderate based on the P/E provided.
Positive Factors
Return to profitability
The company returned to net profitability in 2025, a durable sign that cost controls, project execution and contract margins have improved. Persistent profitability supports reinvestment, bid competitiveness and lender confidence over the next several quarters.
Negative Factors
Declining revenue trend
Revenue has declined materially, shrinking scale and reducing ability to spread fixed costs. A sustained top-line contraction undermines long-term margin sustainability, weakens negotiating leverage with suppliers and makes winning large public tenders harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability
The company returned to net profitability in 2025, a durable sign that cost controls, project execution and contract margins have improved. Persistent profitability supports reinvestment, bid competitiveness and lender confidence over the next several quarters.
Read all positive factors
SPML Infra Limited (SPMLINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹14.19B
Dividend YieldN/A
Average Volume (3M)8.49K
Price to Earnings (P/E)17.5
Beta (1Y)0.74
Revenue Growth-35.16%
EPS Growth115.70%
CountryIN
Employees243
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)2.51
Shares Outstanding76,601,330
10 Day Avg. Volume8,247
30 Day Avg. Volume8,491
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.72
Price to Sales (P/S)1.71
P/FCF Ratio-17.14
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)23.5
Revenue Forecast (FY)₹25.00B
SPML Infra Limited Business Overview & Revenue Model
Company Description
SPML Infra Limited operates as an infrastructure development company in India. The company undertakes urban water supply and distribution, and water treatment projects; constructs pumping stations for water supply, irrigation, wastewater, and stor...
How the Company Makes Money
SPML Infra Limited primarily makes money by executing infrastructure projects, typically structured as EPC/turnkey contracts. Revenue is recognized from contract receipts tied to project milestones/progress (e.g., construction and installation of ...
SPML Infra Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.19B | 7.71B | 13.19B | 8.83B | 9.52B | 6.56B |
| Gross Profit | 889.66M | 820.22M | 2.98B | 1.13B | 672.56M | 1.03B |
| EBITDA | 796.11M | 608.93M | 590.57M | 563.42M | 236.57M | 614.25M |
| Net Income | 491.05M | 479.36M | -69.70M | 3.91M | 3.22M | -1.17B |
Balance Sheet | ||||||
| Total Assets | 20.26B | 19.67B | 18.92B | 27.93B | 27.99B | 27.20B |
| Cash, Cash Equivalents and Short-Term Investments | 1.66B | 2.09B | 2.28B | 200.65M | 406.87M | 396.55M |
| Total Debt | 3.51B | 3.69B | 5.49B | 17.54B | 18.11B | 18.44B |
| Total Liabilities | 12.23B | 11.97B | 14.28B | 24.44B | 24.72B | 24.43B |
| Stockholders Equity | 8.03B | 7.70B | 4.60B | 3.42B | 3.20B | 2.62B |
Cash Flow | ||||||
| Free Cash Flow | -834.69M | -770.82M | 5.28B | 195.31M | -196.13M | -3.03B |
| Operating Cash Flow | -486.88M | -765.08M | 5.94B | 200.36M | -189.60M | -3.02B |
| Investing Cash Flow | -329.74M | -1.05B | -66.35M | 459.19M | 359.61M | 908.26M |
| Financing Cash Flow | 47.85M | 831.48M | -4.10B | -865.77M | -159.69M | 2.31B |
SPML Infra Limited Technical Analysis
Positive
193.80
Price Trends
174.03
Positive
180.65
Positive
219.76
Negative
Market Momentum
-0.12
Negative
59.20
Neutral
89.29
Negative
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 193.8 is above the 20-day moving average (MA) of 167.68, above the 50-day MA of 174.03, and below the 200-day MA of 219.76, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 59.20 is Neutral, neither overbought nor oversold. The STOCH value of 89.29 is Negative, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹12.53B | 70.39 | ― | ― | 27.20% | -45.92% | |
59 Neutral | ₹8.17B | 27.62 | ― | ― | 3.46% | 159.96% | |
58 Neutral | ₹14.19B | 17.55 | ― | ― | -35.16% | 115.70% | |
57 Neutral | ₹3.70B | 186.32 | ― | 0.47% | -7.32% | -26.92% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
52 Neutral | ₹10.93B | 25.32 | ― | ― | -4.30% | -99.86% |
* Services Sector Average
IN:SPMLINFRA
SPML Infra Limited
185.25
-19.50
-9.52%
IN:BLKASHYAP
B.L. Kashyap & Sons Ltd.
48.49
-1.89
-3.75%
IN:RPPINFRA
RPP Infra Projects Ltd.
74.60
-77.44
-50.93%
IN:SALASAR
Salasar Techno Engineering Ltd.
7.17
-1.83
-20.33%
IN:VASCONEQ
Vascon Engineers Limited
35.27
-2.60
-6.87%
SPML Infra Limited Corporate Events
SPML Infra Reclassifies Key Executives as Senior Managerial Personnel
Mar 28, 2026
SPML Infra Limited has revised its internal organisation structure as part of an annual review, with the board identifying five existing executives as senior managerial personnel under SEBI’s listing regulations. The move aligns reporting li...
SPML Infra Strengthens Capital Base With Promoter-Backed Share Allotment
Mar 12, 2026
SPML Infra Limited has allotted 665,000 equity shares of face value Rs 2 each upon exercise of rights attached to an equal number of warrants, following approval by its board via circular resolution on March 12, 2026. The shares were issued at Rs ...
SPML Infra Announces Special Window for Transfer and Demat of Physical Shares
Mar 6, 2026
SPML Infra Limited has notified stock exchanges that it has published a newspaper advertisement announcing a special window for transfer-cum-dematerialisation of physical securities. The notice, carried in Business Standard and Arthik Lipi on 6 Ma...
SPML Infra Files SEBI-Mandated SDD Compliance Certificate for December Quarter
Jan 12, 2026
SPML Infra Limited has submitted to the stock exchanges a Structured Digital Database (SDD) compliance certificate for the quarter ended 31 December 2025, in line with Regulation 3(5) and 3(6) of SEBI’s Prohibition of Insider Trading Regulat...
SPML Infra Files SEBI Demat Compliance Certificate for December Quarter
Jan 12, 2026
SPML Infra Limited has submitted to the stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025, issued by its registrar and share transfe...
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.