Valuation

P/E99.5
P/B3.8
P/S3.1
EV/EBIT95.6

Business Strength

ROE4.2%
ROCE1.6%
OPM3.7%
NPM3.1%

Growth (3Y CAGR)

EPS+47.5%
Sales-12.0%
Profit+52.0%
3Y Return--

Balance Sheet

Debt/Equity1.5
Debt24.5 Cr
Pledge0.0%
CWIP/Fixed Asset0.0%

Cash Position

CFO/NP544.6%
FCF3.36 Cr
FCF 3Y Avg5.59 Cr
Cash/MCap--

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle785.07 days
Tradeable Free Float21.6%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
--
-27.0%
-12.0%
--
+27.0%
Accelerating
ROE
--
+1.0%
+3.0%
--
--
Accelerating
Return
--
--
--
+44.0%
--
--
Profit
--
+3.0%
+52.0%
--
+59.0%
Accelerating

Quarterly Results

Mar 2024

PDF
Rev
6 Cr
+9% YoY-16% QoQ
OPM-0.2%
NPM3.3%
PAT
+33% YoY0 Cr
EPS
+33% YoY0.7

Dec 2023

PDF
Rev
7 Cr
+32% YoY+59% QoQ
OPM3.9%
NPM2.6%
PAT
+111% YoY0 Cr
EPS
+114% YoY0.6

Sep 2023

PDF
Rev
5 Cr
+35% YoY+47% QoQ
OPM5.2%
NPM3.1%
PAT
+600% YoY0 Cr
EPS
+557% YoY0.5

Jun 2023

PDF
Rev
3 Cr
+52% YoY-45% QoQ
OPM6.8%
NPM3.9%
PAT
+0% YoY0 Cr
EPS
+0% YoY0.4

Mar 2023

PDF
Rev
6 Cr
+0% YoY+2% QoQ
OPM6.2%
NPM2.7%
PAT
+275% YoY0 Cr
EPS
+277% YoY0.5

Dec 2022

PDF
Rev
6 Cr
+29% YoY+62% QoQ
OPM1.1%
NPM1.6%
PAT
+29% YoY0 Cr
EPS
+26% YoY0.3

Sep 2022

PDF
Rev
3 Cr
-6% YoY+66% QoQ
OPM2.9%
NPM0.6%
PAT
+200% YoY0 Cr
EPS
+200% YoY0.1

Jun 2022

PDF
Rev
2 Cr
-29% YoY-63% QoQ
OPM12.2%
NPM5.8%
PAT
-29% YoY0 Cr
EPS
-29% YoY0.4

Mar 2022

PDF
Rev
6 Cr
+3% YoY+31% QoQ
OPM1.6%
NPM0.7%
PAT
+111% YoY0 Cr
EPS
+111% YoY0.1

Dec 2021

PDF
Rev
4 Cr
-6% YoY+18% QoQ
OPM5.6%
NPM1.6%
PAT
+139% YoY0 Cr
EPS
--0.2

Sep 2021

PDF
Rev
4 Cr
-53% YoY+25% QoQ
OPM5.5%
NPM-0.6%
PAT
-140% YoY-0 Cr
EPS
---0.1

Jun 2021

PDF
Rev
3 Cr
-78% YoY-46% QoQ
OPM14.5%
NPM5.9%
PAT
+467% YoY0 Cr
EPS
--0.6

Mar 2021

PDF
Rev
5 Cr
-51% YoY--
OPM-3.5%
NPM-6.8%
PAT
-232% YoY-0 Cr
EPS
---1.2

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity1.45
Interest Coverage4.6x
Promoter Pledge0.0%
Borrowings24 Cr

Efficiency

Receivable Days23.55 days
Inventory Days812.4 days
Payable Days50.88 days
Cash Conversion cycle785.07 days

Cash Position

Operating Cash Flow4 Cr
Investing Cash Flow-6 Cr
Financing Cash Flow2 Cr
Free Cash Flow3 Cr

Detailed Financials

Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023PDF ↗
Dec 2022PDF ↗
Sep 2022PDF ↗
Jun 2022PDF ↗
Mar 2022PDF ↗
Dec 2021PDF ↗
Sep 2021PDF ↗
Jun 2021PDF ↗
Mar 2021PDF ↗
Sales6753663264435
Expenses6743553264326
Operating Profit-000000000000-0
OPM %-0.2%3.9%5.2%6.8%6.2%1.1%2.9%12.2%1.6%5.6%5.5%14.5%-3.5%
Other Income0000-00000000-0
Interest0000000000000
Depreciation0000000000000
Profit Before Tax-00000000-0000-1
Tax %-111.1%-33.3%28.6%18.2%68.4%33.3%--0.0%0.0%33.3%33.3%30.4%-35.3%
Net Profit0000000000-00-0
Exceptional Items--------------------------
EPS (Rs)0.70.60.50.40.50.30.10.40.10.2-0.10.6-1.2
Sales Growth (YoY)9.1%32.0%34.7%51.7%0.4%28.8%-6.1%-29.3%3.1%-6.2%-52.8%-78.2%-50.5%
Sales Growth (QoQ)-15.7%58.5%47.3%-44.6%2.0%61.8%65.8%-63.3%30.9%18.0%24.8%-46.5%--
OP Growth (YoY)-102.9%366.7%140.0%-16.0%288.9%-75.0%-50.0%-40.5%147.4%--------
OP Growth (QoQ)-103.6%16.7%14.3%-40.0%483.3%-40.0%-60.0%177.8%-62.5%20.0%-52.4%321.1%--
Profit Growth (YoY)33.3%111.1%600.0%0.0%275.0%28.6%200.0%-29.4%110.8%138.9%-140.0%466.7%-232.1%
EPS Growth (YoY)32.6%113.8%557.1%0.0%276.9%26.1%200.0%-29.1%110.8%--------
EPS Growth (QoQ)4.8%34.8%17.9%-20.4%69.0%314.3%-82.0%200.0%-43.5%428.6%-112.7%145.8%--
OP Margin-0.2%3.9%5.2%6.8%6.2%1.1%2.9%12.2%1.6%5.6%5.5%14.5%-3.5%
Net Margin3.3%2.6%3.1%3.9%2.7%1.6%0.6%5.8%0.7%1.6%-0.6%5.9%-6.8%
Material Cost %20.9%55.5%14.2%20.9%0.0%31.8%0.0%0.0%17.9%0.0%0.0%0.0%0.0%
Employee Cost %8.5%9.5%13.5%20.3%12.3%10.6%17.6%29.8%12.9%16.4%18.5%24.5%0.2%
P/S3.08------------------------
P/E99.53------------------------
P/B3.84------------------------

Shareholding Pattern

Shareholders:459 (+61.1%)
Current MixMar 2026

Exchange Filings

50
Company Update14 Aug 2026

Submission of copy of Newspaper Advertisement w.r.t financial results for the quarter ended 30.06.2026

Result13 Aug 2026

Unaudited Financial Results along with Limited Review Report for the Quarter ended 30.06.2026

Board Meeting13 Aug 2026

Pursuant to Regulation 30, 33 & 52 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended from ....

Board Meeting06 Aug 2026

SPA Capital Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Pursuant to Regulation ....

Company Update06 Jul 2026

Compliance certificate under Regulation 74(5) of the SEBI ( Depository and Participants) Regulation, 2018 for the Quarter ended 30 June 2026.

Insider Trading / SAST26 Jun 2026

Intimation for closure of trading window for the Quarter ended 30th June, 2026.

Company Update28 May 2026

Submission of copy of newspaper advertisement for the quarter and year ended 31st march 2026.

Result26 May 2026

Submission of Audited Financial Results for the Quarter and Year ended 31st March, 2026

Board Meeting26 May 2026

Outcome of the Meeting of Board of Director held on 26th May, 2026 and submission of Audited Financial Results

Company Update26 May 2026

Intimation for Non-applicability of Regulation 23(9) (related Part Transaction) of SEBI (Listing Obligations and Disclosure Requiremnets) Regulations, 2015, as amended, for the Half year ....

Company Update20 May 2026

Non-applicability of Regulation 24A of SEBI (LODR), Regulations, 2015 with respect to Annual Secretarial Compliance Report for the year ended 31st March, 2026

Board Meeting19 May 2026

SPA Capital Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve Audited Financial Results ....

Others13 May 2026

<b>Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''> <tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> ....

Company Update06 Apr 2026

Certificate under Regulation - 74(5) of the SEBI (Depositories & Participants) Regulations, 2018 for the Quarter Ended March 31, 2026

Insider Trading / SAST27 Mar 2026

Intimation of Closure of Trading Window for the Quarter ended 31 st March, 2026

Company Update13 Feb 2026

Submission of copy of newspaper Advertisement for the Quarter and nine months ended 31st December, 2025.

Board Meeting12 Feb 2026

Pursuant to Regulation 30, 33 & 52 read with Schedule III and other applicable provisions of SEBI ( Listing obligations and Disclosure Requirements), Regulations, 2015, as amended from ....

Result12 Feb 2026

Unaudited Financial Results for the Quarter ended 31st December, 2025 along with the Limited Review Report.

Board Meeting03 Feb 2026

SPA Capital Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve 1) To consider and ....

Company Update09 Jan 2026

Certificate under Regulation- 74(5) of the SEBI( Depositories & Participants) Regulations, 2018 for the Quarter Ended December 31, 2025

Company Update08 Jan 2026

Intimation of death of Ms. Laxmi Devi Parwal (Promoter of the Company)

Company Update08 Jan 2026

Intimation of death of Mr. Rameshwar Dass Parwal (Promoter of the Company)

Insider Trading / SAST29 Dec 2025

Intimation of closure of trading window for the quarter ended 31st December, 2025

AGM/EGM06 Dec 2025

Revised Scrutinizer''s Report along with Voting Results

AGM/EGM05 Dec 2025

Summary proceedings of the 01/2025 Extra Ordinary General Meeting of the company held on December 5, 2025 at 11:00 am.

AGM/EGM05 Dec 2025

Voting Results along with Scrutinizer''s Report

AGM/EGM05 Dec 2025

Scrutinizer''s Report along with Voting Results

Others05 Dec 2025

Intimation under Regulation 30 of SEBI (LODR), Regulations, 2015 to BSE regarding approval of shareholders for Reclassification of "Promoters" to "Public" under Regulation 31A of SEBI (LODR), ....

Company Update19 Nov 2025

Intimation- Resignation of Independent Director

Company Update15 Nov 2025

Submission of Copy of Newspaper Advertisement w.r.t. Financial Results for the Quarter ended 30th September, 2025

Board Meeting14 Nov 2025

Pursuant to Regulation 30, 33 & 52 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended from ....

Result14 Nov 2025

Un- Audited Financial Results along with Limited Review Report for the Quarter & Half Year ended 30th September, 2025.

Company Update14 Nov 2025

Intimation of Non- Applicability of Regulation 23(9) (Related Party Transaction) of SEBI(LODR) Regulation,2015 for the Half Year Ended 30th September, 2025

Company Update14 Nov 2025

Appointment of Independent Director w.e.f November 14, 2025

Company Update12 Nov 2025

Submission of copy of Newspaper Advertisement pertaining to Notice of 1/2025 Extra Ordinary General Meeting of the Company

AGM/EGM10 Nov 2025

Pursuant to the provision of the Regulation 30 read with Schedule III and Other applicable provision of Securities and Exchange Board of India ( Listing Obligation and Disclosure requirements) ....

Corp. Action10 Nov 2025

The Register of Member and Share Transfer Book of the Company shall remain closed from November 28,2025 to December 05,2025.

Others10 Nov 2025

Outcome of the Proceedings of the Meeting of Board of Director held today, i.e., on 10th November, 2025. Meeting commencement time: 11:00 A.M and Meeting conclusion time: 02:30 P.M.

Board Meeting06 Nov 2025

SPA Capital Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2025 ,inter alia, to consider and approve 1) To consider and approve ....

Company Update10 Oct 2025

Intimation of receipt of no-objection for reclassification from the promoter category to the public category under Regulation 31A of the SEBI (LODR) Regulation, 2015

Company Update09 Oct 2025

Certificate under Regulation 74(5) of SEBI(DP) Regulations, 2018 for the Quarter ended September 30, 2025

Company Update06 Oct 2025

Appointment of Chief Financial Officer (CFO)

AGM/EGM30 Sept 2025

Voting Results along with Scrutinizer''s Report

AGM/EGM30 Sept 2025

Scrutinizer''s Report along with Voting Results

Company Update29 Sept 2025

Intimation under Regulation-30 of SEBI( LODR), 2015 for appointment of secretarial auditors'' of the company.

AGM/EGM29 Sept 2025

Outcome of 41st Annual General Meeting of SPA Capital Services Limited held on Monday, September 29, 2025.

Insider Trading / SAST26 Sept 2025

Intimation for closure of Trading Window for the quarter ended 30th September, 2025

Company Update04 Sept 2025

Submission of Copy of Newspaper Advertisement pertaining to Notice of 41st Annual General Meeting of the company

AGM/EGM03 Sept 2025

Pursuant to the provisions of the regulation 30, 34(1) read with schedule III and other applicable provisions of SEBI (LODR), Regulations, 2015, we hereby inform you that 41st ( Forty ....

Others03 Sept 2025

Pursuant to Regulation 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 enclosing herewith the Annual report for the Financial Year 2024-2025.

Annual Reports

7

2025

2024

2023

2022

2021

2020

2019