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Sprayking Limited

Capital Goods › Industrial Products
₹1.14
at close · 8 Oct 2026
▼ 0.04 (-3.39%)

Latest filings

  1. Sprayking 22nd AGM: All 4 resolutions passed with over 99.9% approval · Compliance
  2. Sprayking 22nd AGM held via video conferencing; 5 resolutions transacted · Board & Shareholder Meetings
  3. Sprayking 22nd AGM notice published in newspapers · Compliance
All filings ↓
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Snapshot

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

AI · written from filings

Manufactures brass forged and turned components from its base in Jamnagar, Gujarat. The standalone entity makes these components directly, while consolidated results include subsidiary Narmadesh Brass Industries, a brass-related manufacturer that contributes materially to group turnover. The cost structure is dominated by raw materials, which accounted for 93.5% of revenue in FY26, reflecting the commodity-driven nature of brass processing. Employee costs make up 2.5% of revenue, other operating expenses 4.2%, and depreciation 2.5%. The company is listed on BSE under the Industrial Products classification within the Capital Goods sector. In FY26, the consolidated entity posted a net profit margin of 3.05% and an EBITDA margin of 8.38%, with operating cash flow turning positive year-on-year. The Board approved an increase in authorised share capital from Rs. 22 crore to Rs. 22.5 crore in September 2025.

Operating scale
FY26 consolidated revenue
Rs. 129.15 croreFY26
FY26 consolidated net profit
Rs. 3.93 croreFY26
EBITDA margin
8.38%FY26
Net profit margin
3.05%FY26
Raw materials share of revenue
93.5%FY26
Subsidiary
Narmadesh Brass Industries
Who pays it
Industrial buyers of brass forged and turned components
Biggest cost
Raw materials at 93.5% of revenue, primarily brass inputs
Kind of business
Materials-heavy, cyclical industrial brass components manufacturing
Where it sits
BSE-listed brass components manufacturer with a brass-industry subsidiary, based in Jamnagar, Gujarat
Market Cap
₹24 Cr
P / E (TTM)
1.3×
EV / EBITDA
4.6×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
8.4%·
ROCE (FY26)
ROE 4.8% · margin 8.4%
Leverage
0.30·
Debt / Equity · low
Net debt ₹24 Cr
Revenue FY24→FY26
1.3×▲
Margin −5.7 pts
₹102 Cr → ₹129 Cr
Cash conversion
-1.81×▼
Operating cash ÷ profit · 3 yrs
₹-36 Cr on ₹20 Cr
Moves on a normal day
1.05%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 30 Other Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#1/27
P/B#1/24
ROCE#24/31
ROE#17/24
Debt / Equity#17/24
EBITDA margin#17/23
Revenue growth#17/23
Profit growth#20/23

Scorecard

Measured from the filed financials, judged against its Other Industrial Products peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Returns on capital 8.4%
#24 of 31 in Other Industrial Products on the latest reported figures
Over 3 years it reported ₹20 Cr of profit and an operating cash outflow of ₹36 Cr — -1.81×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 145 days of cash tied up

Charts

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

Price

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▲ 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?

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Financials

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

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from Sprayking Limited's filed financials and exchange disclosures

What does Sprayking Limited do?

Sprayking Limited is a Industrial Products company listed on BSE.

Is Sprayking Limited profitable?

Yes. Over the trailing twelve months Sprayking Limited reported a net profit of ₹3.15 Cr on revenue of ₹124 Cr.

Does Sprayking Limited pay a dividend?

Not in the latest reported year — Sprayking Limited's dividend payout for FY26 was nil.

Is Sprayking Limited debt-free?

No. It reported borrowings of ₹24 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹24 Cr after cash. Debt stands at 0.30× equity. That is higher than 70% of its 24 Other Industrial Products peers.

Is Sprayking Limited expensive compared with its peers?

On trailing P/E, Sprayking Limited ranks 1 of 27 in Other Industrial Products — cheaper than 100% of them, against an industry median of 16.9×. This is a position, not a valuation judgement.

How much does the Sprayking Limited share price move in a day?

On a typical session Sprayking Limited moves 1.05% — 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 Sprayking Limited's announcements?

Every NSE and BSE filing by Sprayking 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.