SEPC
SEPC
IndustrialsKey Fundamentals
MicrocapCivil ConstructionConstructionTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Stock is trading at 0.52 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 18.4% CAGR over last 5 years
Weaknesses
7- Promoter holding has decreased over last quarter: -7.00%
- Promoter holding is low: 11.7%
- Company has a low return on equity of 2.65% over last 3 years.
- Contingent liabilities of Rs.466 Cr.
- Promoters have pledged 79.4% of their holding.
- Earnings include an other income of Rs.37.4 Cr.
- Company has high debtors of 204 days.
Growth Rate
Quarterly Results
| 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 | 143 | 129 | 141 | 148 | 176 | 171 | 133 | 118 | 202 | 237 | 341 | 274 | 274 |
| Expenses | 131 | 121 | 143 | 141 | 152 | 163 | 130 | 102 | 174 | 227 | 312 | 264 | 257 |
| Operating Profit | 13 | 8 | -2 | 7 | 24 | 8 | 3 | 15 | 28 | 11 | 29 | 10 | 17 |
| OPM % | 9% | 7% | -1.3% | 4.6% | 14% | 4.5% | 2.6% | 13% | 14% | 4.5% | 8% | 3.7% | 6% |
| Other Income | 3 | 10 | 20 | 14 | 2 | 11 | 13 | 8 | 2 | 14 | 0 | 15 | 9 |
| Interest | 9 | 11 | 11 | 13 | 13 | 10 | 9 | 12 | 9 | 12 | 10 | 9 | 11 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | 5 | 6 | 6 | 7 | 13 | 7 | 6 | 10 | 19 | 11 | 17 | 15 | 13 |
| Tax % | 0% | 0% | 0% | 0% | 36% | 67% | 20% | 0% | 13% | 23% | 14% | 8% | 184% |
| Net Profit | 5 | 6 | 6 | 7 | 8 | 2 | 4 | 10 | 17 | 8 | 15 | 14 | -11 |
| EPS in Rs | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.01 | 0.02 | 0.05 | 0.09 | 0.04 | 0.08 | 0.07 | -0.06 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 548 | 548 | 744 | 829 | 1,202 | 1,208 | 583 | 329 | 379 | 561 | 598 | 1,054 | 1,126 |
| Expenses | 615 | 519 | 736 | 813 | 1,139 | 1,149 | 641 | 366 | 435 | 527 | 533 | 977 | 1,059 |
| Operating Profit | -67 | 28 | 8 | 16 | 63 | 59 | -58 | -36 | -56 | 34 | 64 | 78 | 67 |
| OPM % | -12% | 5% | 1.1% | 1.9% | 5% | 4.9% | -10% | -11% | -15% | 6% | 11% | 7% | 6% |
| Other Income | 121 | 46 | 83 | 105 | 70 | -15 | 12 | -53 | 155 | 46 | 34 | 30 | 37 |
| Interest | 301 | 272 | 298 | 104 | 95 | 115 | 126 | 125 | 67 | 52 | 58 | 41 | 43 |
| Depreciation | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| PBT | -253 | -204 | -213 | 11 | 31 | -77 | -178 | -221 | 25 | 23 | 35 | 62 | 56 |
| Tax % | 0% | 0% | -35% | 118% | 3% | 0% | 1% | 19% | 119% | 0% | 29% | 14% | — |
| Net Profit | -266 | -204 | -137 | -2 | 31 | -77 | -179 | -264 | -5 | 23 | 25 | 54 | 26 |
| EPS in Rs | -21.32 | -4.28 | -1.02 | -0.01 | 0.22 | -0.55 | -1.28 | -1.88 | -0.03 | 0.12 | 0.13 | 0.28 | 0.13 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 86 | 331 | 937 | 972 | 972 | 972 | 972 | 972 | 1,322 | 1,410 | 1,564 | 1,943 |
| Reserves | -365 | 125 | 204 | 258 | 288 | 212 | 32 | -234 | -235 | -200 | -58 | -24 |
| Borrowings | 2,422 | 1,967 | 841 | 800 | 657 | 684 | 836 | 981 | 409 | 455 | 358 | 354 |
| Other Liabilities | 484 | 528 | 883 | 1,121 | 1,055 | 735 | 577 | 505 | 506 | 544 | 523 | 820 |
| Total Liabilities | 2,627 | 2,951 | 2,865 | 3,151 | 2,971 | 2,603 | 2,416 | 2,223 | 2,002 | 2,209 | 2,387 | 3,093 |
| Fixed Assets | 41 | 55 | 61 | 56 | 55 | 51 | 45 | 41 | 36 | 31 | 26 | 22 |
| CWIP | 29 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 5 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 2 |
| Other Assets | 2,552 | 2,880 | 2,803 | 3,094 | 2,915 | 2,551 | 2,370 | 2,182 | 1,965 | 2,178 | 2,361 | 3,069 |
| Total Assets | 2,627 | 2,951 | 2,865 | 3,151 | 2,971 | 2,603 | 2,416 | 2,223 | 2,002 | 2,209 | 2,387 | 3,093 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -299 | — | 12 | 28 | 302 | -7 | -50 | -72 | 21 | -121 | -133 | -263 |
| Investing | 22 | — | -6 | 21 | -38 | 40 | 21 | 1 | 12 | -24 | 4 | -7 |
| Financing | 306 | — | 35 | -81 | -257 | -52 | 25 | 68 | -6 | 130 | 118 | 289 |
| Net Cash Flow | 29 | — | 42 | -32 | 7 | -19 | -4 | -3 | 27 | -15 | -11 | 19 |
| Free Cash Flow | -322 | — | 11 | 26 | 298 | -8 | -50 | -72 | 24 | -121 | -133 | -264 |
| CFO/OP | 433 | — | -48 | 215 | 471 | -3 | 79 | 146 | -40 | -355 | -199 | -348 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 168 | 194 | 237 | 160 | 147 | 145 | 252 | 413 | 281 | 195 | 225 | 204 |
| Inventory Days | 679 | 421 | — | — | — | — | — | — | — | — | — | 0 |
| Days Payable | 1,895 | 1,894 | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | -1,048 | -1,280 | 237 | 160 | 147 | 145 | 252 | 413 | 281 | 195 | 225 | 204 |
| Working Capital Days | 125 | 339 | 188 | 3 | 177 | 177 | 213 | 143 | 621 | 523 | 623 | 455 |
| ROCE % | 2% | 6% | 4% | 6% | 7% | 5% | -2% | -2% | -3% | 5% | 6% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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62 extracted metrics + investor summaries across FY05–FY26.
Documents
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Company Information
SEPC (Shriram EPC Ltd till February 2021) was incorporated in June 2000. The company became majority owned by Mark AB since September 2022 post infusion of Rs 350 crore. SEPC specialises in executing EPC contracts, providing integrated solutions encompassing design, engineering, procurement, construction and project management services in water, process and process and metallurgy, and infrastructure segments.[1]
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