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Spel Semiconductor

SPELS NSE
₹96.66

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P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 2 Nov 2026 ₹96.66 −87.59 −47.5% 1Y
Start ₹184.25

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
0.06%
Debt to Equity
7.00
EPS (TTM)
−₹4.24
Book Value
₹0.66
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
146.45
ROE
−64.50%
Dividend Yield
0.00%
EBITDA
₹60.00 L
52W High
₹196.95
52W Low
₹96.66

Peer Comparison

Industrials › Electrical Equipment › Other Electrical Equipment

Spel Semiconductor peer comparison
Waaree Energies
₹2,408.0018.15₹67,713 Cr4.320.17%32.50%38.40%₹30,043 Cr₹4,003 Cr
Apar Industries
₹15,998.0054.39₹65,476 Cr7.860.39%20.30%31.80%₹24,389 Cr₹1,181 Cr
Premier Energies
₹904.0024.61₹40,624 Cr9.530.11%41.00%32.70%₹8,466 Cr₹1,674 Cr
Diamond Power Infrastructure
₹385.85111.84₹22,658 Cr—0.00%—10.40%₹2,348 Cr₹182 Cr
MTAR Technologies
₹6,036.50137.95₹19,040 Cr22.570.05%12.60%15.20%₹1,080 Cr₹134 Cr
Emmvee Photovoltaic Power
₹246.4112.03₹16,196 Cr3.890.43%50.70%44.60%₹6,023 Cr₹1,418 Cr
Avalon Technologies
₹2,041.00102.05₹13,437 Cr18.920.00%16.50%19.30%₹1,764 Cr₹134 Cr
Spel Semiconductor (this company)
₹96.66—₹446 Cr146.450.00%−64.50%0.06%₹4 Cr−₹20 Cr
Median 8 companies₹1,472.5054.39₹20,849 Cr9.530.08%20.30%25.55%₹4,186 Cr₹682 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

32 Poor

Data confidence 93/100

Category scores

Quality
49
Average
Returns, margins, earnings quality 22% weight
Valuation
29
Poor
Cheap vs sector & own history 24% weight
Growth
3
Poor
Sales & profit trajectory 9% weight
Financial Health
9
Poor
Solvency, leverage, coverage 9% weight
Momentum
7
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has reduced debt.

Weaknesses

5
  • Stock is trading at 162 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.0% over past five years.
  • Company has a low return on equity of -28.1% over last 3 years.
  • Company's cost of borrowing seems high

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1216
OscillatorsStrong Bullish216
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
12.53
Bullish
MACD (12,26,9)
−12.07
Bearish
SMA (50)
146.14
Bearish
SMA (200)
149.56
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−13.64%
5Y−17.81%
3Y−18.29%
1Y−25.00%
TTM−42.30%

Net profit

Net profit growth by window
10YLoss widened by ₹4 Cr
5YLoss widened by ₹15 Cr
3YLoss widened by ₹21 Cr
1YLoss widened by ₹3 Cr
TTMLoss narrowed by ₹3.46 Cr

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5YTurned positive
3YTurned positive
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+21.79 pp
5Y+20.83 pp
3Y−53.03 pp
1Y+45.83 pp
TTM+38.94 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹36.00 Cr
Mar 2018₹42.00 Cr
Mar 2019₹26.00 Cr
Mar 2020₹37.00 Cr
Mar 2021₹16.00 Cr
Mar 2022₹9.00 Cr
Mar 2023₹11.00 Cr
Mar 2024₹12.00 Cr
Mar 2025₹8.00 Cr
Mar 2026₹6.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹31.00 Cr
Mar 2018−₹8.00 Cr
Mar 2019−₹11.00 Cr
Mar 2020₹1.00 Cr
Mar 2021−₹9.00 Cr
Mar 2022−₹13.00 Cr
Mar 2023−₹3.00 Cr
Mar 2024−₹17.00 Cr
Mar 2025−₹21.00 Cr
Mar 2026−₹24.00 Cr

Quarterly Results

₹ Cr
517166 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
5.13
2.21
2.28
2.38
2.13
1.39
1.89
2.45
1.93
1.53
0.63
2.18
0.08
Expenses
5.25
3.35
3.21
2.78
3.02
2.74
2.58
5.2
2.48
2.17
2.26
0.43
0.92
Operating Profit
−0.12
−1.14
−0.93
−0.4
−0.89
−1.35
−0.69
−2.75
−0.55
−0.64
−1.63
1.75
−0.84
OPM %
−2.34%
−51.58%
−40.79%
−16.81%
−41.78%
−97.12%
−36.51%
−112.24%
−28.5%
−41.83%
−258.73%
80.28%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Other Income
−2.55
−1.43
−2.07
−2.29
−1.32
−1.88
−2.86
−4.85
−2.74
−10.87
−4.04
1.08
0.4
Interest
0.67
0.54
0.68
0.68
0.71
0.76
0.63
0.79
2
0.67
0.6
1.78
0.62
Depreciation
0.71
0.71
0.73
0.73
0.67
0.67
0.67
−0.02
0.29
0.29
0.29
0.28
0.28
PBT
−4.05
−3.82
−4.41
−4.1
−3.59
−4.66
−4.85
−8.37
−5.58
−12.47
−6.56
0.77
−1.34
Tax %
−0.49%
−2.36%
−3.17%
16.34%
−0.28%
−0.43%
−0.62%
−4.54%
0%
0%
0%
0%
0%
Net Profit
−4.04
−3.73
−4.26
−4.76
−3.58
−4.65
−4.82
−8
−5.59
−12.47
−6.56
0.77
−1.34
EPS (₹)
−0.88
−0.81
−0.92
−1.03
−0.78
−1.01
−1.05
−1.73
−1.21
−2.7
−1.42
0.17
−0.29

Profit & Loss

₹ Cr
517166 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
47
26
36
42
26
37
16
9
11
12
8
6
4
Expenses
35
35
38
44
34
31
22
12
7
14
13
7
6
Operating Profit
12
−10
−2
−3
−8
6
−6
−2
4
−2
−5
−1
−1
OPM %
26%
−37%
−6%
−7%
−30%
16%
−35%
−24%
35%
−16%
−68%
−15%
−31%
Other Income
1
0
−21
4
5
2
3
−4
−2
−9
−11
−17
−13
Interest
4
3
2
3
3
1
1
1
3
3
3
5
4
Depreciation
10
11
7
6
5
5
4
5
4
3
2
1
1
PBT
0
−24
−32
−8
−11
1
−8
−12
−5
−16
−22
−24
−20
Tax %
−27%
−16%
−5%
2%
−2%
21%
2%
2%
−32%
3%
−2%
0%
—
Net Profit
0
−20
−31
−8
−11
1
−9
−13
−3
−17
−21
−24
−20
EPS (₹)
−0.08
−4.29
−6.64
−1.84
−2.33
0.23
−1.87
−2.77
−0.67
−3.64
−4.56
−5.17
−4.24
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
517166 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
46
46
46
46
46
46
46
46
46
46
46
46
Reserves
41
21
49
41
31
33
26
7
3
−13
−33
−43
Borrowings
27
16
28
25
22
28
30
31
25
28
31
21
Other Liabilities
30
47
51
58
64
75
64
88
89
85
84
91
Total Liabilities
144
130
175
170
163
182
166
172
164
146
128
115
Fixed Assets
98
87
133
126
122
117
113
87
78
75
72
74
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
46
43
42
44
41
65
54
85
86
71
56
41
Total Assets
144
130
175
170
163
182
166
172
164
146
128
115

Cash Flow

₹ Cr
517166 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
6
−7
−29
−6
4
−7
−2
−22
−3
−9
−2
13
Investing
0
1
26
7
1
1
1
21
12
9
1
2
Financing
−6
6
8
−6
−5
5
1
1
−8
0
0
−15
Net Cash Flow
0
0
6
−6
0
0
0
0
0
0
0
0
Free Cash Flow
6
−7
−29
−6
4
−7
−2
−2
7
−1
−2
13
CFO/EBITDA
48
73
1,356
227
−51
−112
42
972
−78
453
31
−1,380

Ratios

517166 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
44
54
159
18
60
319
926
41
61
36
36
34
Inventory Days
2,094
1,178
—
—
—
—
—
—
—
2,838
2,947
716
Days Payable
558
346
—
—
—
—
—
—
—
343
449
788
Cash Conversion Cycle
1,580
886
159
18
60
319
926
41
61
2,531
2,534
−38
Working Capital Days
39
−214
−34
11
−63
52
92
632
465
31
−784
−2,053
ROCE %
3%
−20%
−6%
−6%
−8%
3%
−4%
−6%
9%
−5%
−11%
0%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Spel Semiconductor insights

54 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 59.17%
  • Public 38.18%
  • Others 2.60%
  • FIIs 0.02%
  • DIIs 0.02%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Spel Semiconductor

What does Spel Semiconductor Ltd do?
Incorporated in 1984, SPEL Semiconductor Ltd is in the business of wafer sort, assembly, test and drop-shipment services of IC chips
Where is Spel Semiconductor Ltd (SPELS) listed?
Spel Semiconductor Ltd trades as SPELS on the NSE and under code 517166 on the BSE.
Which sector does Spel Semiconductor Ltd belong to?
Spel Semiconductor Ltd is classified under the Industrials sector, in the Electrical Equipment industry.
What is the 52-week high and low of Spel Semiconductor Ltd?
Over the last 52 weeks Spel Semiconductor Ltd has traded between ₹96.66 and ₹196.95 as of 2 Nov 2026.
What is the Return on Equity (ROE) of Spel Semiconductor Ltd?
Spel Semiconductor Ltd reported a return on equity of -64.50%. Its debt-to-equity ratio is 7.00.

Company Information

Incorporated in 1984, SPEL Semiconductor Ltd is in the business of wafer sort, assembly, test and drop-shipment services of IC chips

Website spel.com
Listed 17 Aug 2026
Face Value ₹10

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