SPA Capital Services
Financial Services
542376 BSE
₹184.15
Close ·
- P/E
- 35.21
Close 3 Nov 2026 ₹184.15 −0.85 −0.46% 1Y
Start ₹185.00
Key Fundamentals
MicrocapFinanceFinancial ServicesPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 3.61%
- Debt to Equity
- 0.95
- EPS (TTM)
- ₹5.23
- Book Value
- ₹58.01
- Market Cap
- —
- P/E (TTM)
- 35.21
- P/B
- 3.17
- ROE
- 5.00%
- Dividend Yield
- 0.00%
- EBITDA
- ₹70.00 L
- 52W High
- ₹238.00
- 52W Low
- ₹170.00
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
5- Stock is trading at 3.72 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.78% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.85 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 4 | 5 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bullish
Bearish
2
Neutral
4
Bullish
3
Overall
Strong Bearish
Bearish
10
Neutral
4
Bullish
5
Moving Averages
Strong Bearish
Bearish
8
Neutral
0
Bullish
2
Key readings
- RSI (14)
- 37.60
- Neutral
- MACD (12,26,9)
- −2.02
- Bearish
- SMA (50)
- 207.99
- Bearish
- SMA (200)
- 180.72
- Bullish
As of
Growth Rate
From the financial statements below. 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
| 5Y | +4.53% |
|---|---|
| 3Y | +32.53% |
| 1Y | +17.24% |
| TTM | −3.41% |
Net profit
| 5Y | Turned to profit |
|---|---|
| 3Y | +45.40% |
| 1Y | +69.39% |
| TTM | +177.59% |
Operating cash flow
| 5Y | +7.94% |
|---|---|
| 3Y | +45.51% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | +4.35 pp |
|---|---|
| 3Y | −0.31 pp |
| 1Y | −0.47 pp |
| TTM | +0.89 pp |
Revenue by year
| Mar 2017 | ₹99.85 Cr |
|---|---|
| Mar 2018 | ₹86.56 Cr |
| Mar 2019 | ₹98.53 Cr |
| Mar 2020 | ₹32.67 Cr |
| Mar 2021 | ₹30.95 Cr |
| Mar 2022 | ₹16.38 Cr |
| Mar 2023 | ₹16.59 Cr |
| Mar 2024 | ₹21.08 Cr |
| Mar 2025 | ₹32.94 Cr |
| Mar 2026 | ₹38.62 Cr |
Net profit by year
| Mar 2017 | ₹1.16 Cr |
|---|---|
| Mar 2018 | ₹1.35 Cr |
| Mar 2019 | ₹0.57 Cr |
| Mar 2020 | ₹0.16 Cr |
| Mar 2021 | −₹0.49 Cr |
| Mar 2022 | ₹0.23 Cr |
| Mar 2023 | ₹0.27 Cr |
| Mar 2024 | ₹0.38 Cr |
| Mar 2025 | ₹0.49 Cr |
| Mar 2026 | ₹0.83 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.11 | 4.58 | 7.26 | 6.12 | 4.06 | 8.82 | 6.05 | 14.01 | 10.69 | 8.75 | 8.22 | 10.95 | 10.3 |
| Expenses | 2.9 | 4.35 | 6.97 | 6.13 | 3.77 | 8.5 | 5.75 | 13.51 | 10.28 | 8.62 | 7.76 | 10.21 | 9.81 |
| Operating Profit | 0.21 | 0.23 | 0.29 | −0.01 | 0.29 | 0.32 | 0.3 | 0.5 | 0.41 | 0.13 | 0.46 | 0.74 | 0.49 |
| OPM % | 6.75% | 5.02% | 3.99% | −0.16% | 7.14% | 3.63% | 4.96% | 3.57% | 3.84% | 1.49% | 5.6% | 6.76% | 4.76% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −0.06 | 0.91 |
| Interest | 0.06 | 0.07 | 0.13 | 0.14 | 0.12 | 0.1 | 0.09 | 0.11 | 0.07 | 0.04 | 0.04 | 0.12 | 0.03 |
| Depreciation | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.09 | 0.09 | 0.08 | 0.14 | 0.09 | 0.08 |
| PBT | 0.11 | 0.13 | 0.13 | −0.18 | 0.14 | 0.19 | 0.18 | 0.3 | 0.25 | 0.01 | 0.28 | 0.47 | 1.29 |
| Tax % | 18.18% | 23.08% | −38.46% | −116.67% | 28.57% | 26.32% | 27.78% | 63.33% | 24% | 100% | 25% | 6.38% | 25.58% |
| Net Profit | 0.09 | 0.1 | 0.17 | 0.03 | 0.1 | 0.14 | 0.14 | 0.11 | 0.19 | 0 | 0.21 | 0.44 | 0.96 |
| EPS (₹) | 0.29 | 0.33 | 0.55 | 0.1 | 0.33 | 0.46 | 0.46 | 0.36 | 0.62 | 0 | 0.68 | 1.43 | 3.12 |
Profit & Loss
₹ Cr| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 99.85 | 86.56 | 98.53 | 32.67 | 30.95 | 16.38 | 16.59 | 21.08 | 32.94 | 38.62 | 38.22 |
| Expenses | 96.72 | 82.2 | 94.88 | 30.59 | 30.92 | 15.43 | 15.8 | 20.3 | 31.32 | 36.9 | 36.4 |
| Operating Profit | 3.13 | 4.36 | 3.65 | 2.08 | 0.03 | 0.95 | 0.79 | 0.78 | 1.62 | 1.72 | 1.82 |
| OPM % | 3.13% | 5.04% | 3.7% | 6.37% | 0.1% | 5.8% | 4.76% | 3.7% | 4.92% | 4.45% | 4.76% |
| Other Income | 0.16 | 0.03 | −0.06 | 0.02 | 0.08 | 0.05 | 0.04 | −0.06 | −0.21 | −0.05 | 0.85 |
| Interest | 0.98 | 1.84 | 2.04 | 1.02 | 0.51 | 0.45 | 0.32 | 0.39 | 0.42 | 0.27 | 0.23 |
| Depreciation | 0.59 | 0.5 | 0.46 | 0.4 | 0.31 | 0.2 | 0.17 | 0.13 | 0.19 | 0.39 | 0.39 |
| PBT | 1.72 | 2.05 | 1.09 | 0.68 | −0.71 | 0.35 | 0.34 | 0.2 | 0.8 | 1.01 | 2.05 |
| Tax % | 31.98% | 34.15% | 47.71% | 77.94% | −30.99% | 34.29% | 20.59% | −95% | 38.75% | 16.83% | — |
| Net Profit | 1.16 | 1.35 | 0.57 | 0.16 | −0.49 | 0.23 | 0.27 | 0.38 | 0.49 | 0.83 | 1.61 |
| EPS (₹) | 3.74 | 4.39 | 1.85 | 0.52 | −1.59 | 0.75 | 0.88 | 1.24 | 1.59 | 2.7 | 5.23 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.88 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 |
| Reserves | 14.64 | 13.79 | 14.19 | 13.41 | 12.55 | 12.78 | 13.05 | 13.43 | 13.93 | 14.76 |
| Borrowings | 12.16 | 31.4 | 14.06 | 25.27 | 23.08 | 23.67 | 21.73 | 24.47 | 21.88 | 16.94 |
| Other Liabilities | 3.73 | 6.42 | 28.12 | 15.66 | 4.92 | 2.4 | 4.22 | 2.14 | 1.96 | 1.86 |
| Total Liabilities | 31.41 | 54.68 | 59.44 | 57.41 | 43.62 | 41.92 | 42.07 | 43.11 | 40.84 | 36.63 |
| Fixed Assets | 2 | 1.68 | 1.69 | 1.22 | 0.83 | 0.69 | 0.5 | 0.55 | 2.13 | 1.74 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 0 | 0 | 0 |
| Investments | 5.46 | 5.46 | 5.46 | 5.26 | 4.89 | 4.89 | 4.35 | 9.8 | 2.72 | 5.13 |
| Other Assets | 23.95 | 47.54 | 52.29 | 50.93 | 37.9 | 36.34 | 37.15 | 32.76 | 35.99 | 29.76 |
| Total Assets | 31.41 | 54.68 | 59.44 | 57.41 | 43.62 | 41.92 | 42.07 | 43.11 | 40.84 | 36.63 |
Cash Flow
₹ Cr| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −3.79 | −17.58 | −0.94 | −12 | 4.94 | 0 | 2.35 | 3.27 | −2.76 | 7.24 |
| Investing | 0.51 | −0.19 | −0.82 | 0.84 | 0.01 | −0.06 | −0.04 | −5.62 | 5.73 | −2.08 |
| Financing | 2.77 | 17.4 | 1.58 | 11.13 | −4.97 | 0.01 | −2.33 | 2.3 | −2.9 | −5.29 |
| Net Cash Flow | −0.51 | −0.37 | −0.18 | −0.03 | −0.02 | −0.05 | −0.02 | −0.04 | 0.07 | −0.13 |
| Free Cash Flow | −3.87 | −17.77 | −1.46 | −11.94 | 4.95 | −0.07 | 2.3 | 3.09 | −4.53 | 7.19 |
| CFO/EBITDA | −103 | −387 | −4 | −577 | 16,467 | 12 | 297 | 419 | −156 | 431 |
Ratios
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 22.01 | 22.35 | 18.04 | 31.28 | 22.53 | 33.65 | 35.2 | 23.55 | 22.27 | 23.16 |
| Inventory Days | 1.94 | 342 | 0 | — | 0 | 0 | 0 | 812 | 490 | 264 |
| Days Payable | 26.8 | 44.04 | — | — | — | — | — | 50.88 | 12.65 | 2.7 |
| Cash Conversion Cycle | −2.85 | 321 | 18.04 | 31.28 | 22.53 | 33.65 | 35.2 | 785 | 500 | 284 |
| Working Capital Days | 33.96 | 47.56 | −96.17 | −165 | −10.38 | 24.29 | −32.56 | 262 | 234 | 165 |
| ROCE % | — | 10.35% | 8.04% | 4.68% | −0.3% | 2.05% | 1.71% | 1.65% | 3.58% | 3.61% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SPA Capital Services insights
56 extracted metrics across FY17–FY27.
Documents
- General announcements 15 Oct 2026
Frequently Asked Questions about SPA Capital Services
What does SPA Capital Services Ltd do?
Incorporated in 1995, SPA Capital Services Ltd provides Wealth Management and Financial Advisory services
Where is SPA Capital Services Ltd (SPACAPS) listed?
SPA Capital Services Ltd trades under code 542376 on the BSE.
Which sector does SPA Capital Services Ltd belong to?
SPA Capital Services Ltd is classified under the Financial Services sector, in the Other Financial Services industry.
What is the PE ratio of SPA Capital Services Ltd?
SPA Capital Services Ltd trades at a PE ratio of 35.21 as of 3 Nov 2026, on earnings per share of ₹5.23, against a book value of ₹58.01 per share.
What is the 52-week high and low of SPA Capital Services Ltd?
Over the last 52 weeks SPA Capital Services Ltd has traded between ₹170 and ₹238 as of 3 Nov 2026.
What is the Return on Equity (ROE) of SPA Capital Services Ltd?
SPA Capital Services Ltd reported a return on equity of 5.00%. Its debt-to-equity ratio is 0.95.
Company Information
Incorporated in 1995, SPA Capital Services Ltd provides Wealth Management and Financial Advisory services
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