Found a bug or want a feature? Verified reports earn free credits.
Log inSign up
Companies›Industrials›Construction›Construction
NSE:SPMLINFRA

SPML INFRA LIMITED

Construction › Construction
₹153.10
at close · 8 Oct 2026
▼ 6.05 (-3.80%)

Latest filings

  1. SPML Infra AGM 2026 voting results: all 4 resolutions passed · Compliance
  2. SPML Infra holds 45th AGM; voting results awaited · Board & Shareholder Meetings
  3. Trading window closed from Oct 1 till Q2 results declaration · Compliance
All filings ↓
Ask Nexa about SPML INFRA LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates as an engineering, procurement and construction (EPC) contractor for Indian infrastructure, with 100% of FY26 segment revenue (₹868.46 cr) coming from the EPC segment. Activity is concentrated in water supply and power projects, with a 9M FY26 order inflow of ₹4,324 cr and a closing order book of ₹4,358 cr (₹2,800 cr new plus ₹1,540 cr legacy). Materials are the dominant cost, accounting for 82.6% of revenue, with employee cost at 3.7% and other operating expenses at 6.1%. The FY26 EBITDA margin is 9.83%, and management is applying a minimum 10% EBITDA margin floor across new bids in water, power and BESS (rejected below this). The business is entering battery energy storage with a 2.5 GWh phase-1 manufacturing facility at Supa MIDC Pune, commissioning targeted for Q1 FY27, with a stated bid pipeline of about ₹9,000 cr in BESS over the next 6-12 months. Q3 FY26 standalone revenue was ₹231 cr, EBITDA ₹26.3 cr (11.4%) and PAT ₹20.5 cr (8.9%); FY26 guidance is revenue growth of 25-30% and PAT growth of 40-50%. Bank limits have been raised from ₹205 cr to ₹505 cr, with ₹180 cr of surety bond capacity added.

Operating scale
EPC order book (closing)
₹4,358 crQ3 FY26
9M FY26 fresh order inflows
₹4,324 cr9M FY26
BESS phase-1 manufacturing capacity
2.5 GWh (Supa Pune)Q1 FY27 commissioning
Cumulative projects delivered
700+ milestone projects over 45 yearsFY26
Bid pipeline (Q3-Q4 FY26)
₹8,000 crQ3 FY26
BESS bid pipeline
₹9,000 cr over 6-12 monthsQ3 FY26
Who pays it
Government and public sector clients in water supply and power infrastructure, plus emerging BESS customers
Biggest cost
Materials at 82.6% of revenue
Kind of business
Cyclical, asset-heavy civil construction and EPC contractor
Where it sits
Listed NSE/BSE EPC contractor with 45-year track record in water and power infrastructure, now entering BESS manufacturing
Market Cap
₹1,355 Cr
P / E (TTM)
13.9×
EV / EBITDA
16.7×
Div Yield
—
Growth
4.9%▲
Revenue 5y CAGR
PAT — · EBITDA +6.8%
Quality
4.7%·
ROCE (5y median)
ROE 0.1% (5y median) · margin 9.8%
Leverage
0.37·
Debt / Equity · low
Net debt ₹283 Cr
Revenue FY21→FY26
1.3×▲
Margin +25.8 pts
₹683 Cr → ₹868 Cr
Cash conversion
3.54×▲
Operating cash ÷ profit · 5 yrs
₹429 Cr on ₹121 Cr
Moves on a normal day
1.93%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#49/101
P/B#44/85
ROCE#70/107
ROE#50/87
Debt / Equity#45/87
EBITDA margin#55/88
Revenue growth#7/86
Profit growth#14/84

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹121 Cr of profit and ₹429 Cr of operating cash — 3.54×
Profit is converting into cash
Concerns
Slow revenue growth — 5% a year over 5 years
Returns on capital 4.7% (5-year median)
#70 of 107 in Civil Construction on the latest reported figures

Charts

How has the market priced it — with filings on the timeline?

SPMLINFRA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from SPML INFRA LIMITED's filed financials and exchange disclosures

What does SPML INFRA LIMITED do?

SPML INFRA LIMITED is a Construction company listed on NSE and BSE, trading under the symbol SPMLINFRA.

Is SPML INFRA LIMITED profitable?

Yes. Over the trailing twelve months SPML INFRA LIMITED reported a net profit of ₹85 Cr on revenue of ₹992 Cr.

Does SPML INFRA LIMITED pay a dividend?

Not in the latest reported year — SPML INFRA LIMITED's dividend payout for FY26 was nil.

Is SPML INFRA LIMITED debt-free?

No. It reported borrowings of ₹346 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹283 Cr after cash. Debt stands at 0.37× equity. That is higher than 51% of its 87 Civil Construction peers.

Is SPML INFRA LIMITED expensive compared with its peers?

On trailing P/E, SPML INFRA LIMITED ranks 49 of 101 in Civil Construction — cheaper than 52% of them, against an industry median of 14.6×. This is a position, not a valuation judgement.

How much does the SPML INFRA LIMITED share price move in a day?

On a typical session SPML INFRA LIMITED moves 1.93% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SPML INFRA LIMITED's announcements?

Every NSE and BSE filing by SPML INFRA LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.