SPEL Semiconductor (BSE 517166)₹131.65−4.98%Other Electrical Equipment
In the Mar 2026 quarter (standalone), SPEL Semiconductor reported sales of ₹2.17 Cr, down 11.1% from Mar 2025, and net profit of ₹0.78 Cr. For the year to Mar 2026, sales were ₹5.99 Cr and net profit −₹24.03 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.12 | 2.20 | 2.27 | 2.37 | 2.12 | 1.38 | 1.88 | 2.44 | 1.92 | 1.52 | 0.62 | 2.17 |
| Expenses | 5.24 | 3.34 | 3.20 | 2.77 | 3.01 | 2.73 | 2.57 | 5.19 | 2.47 | 2.16 | 2.25 | 0.42 |
| Operating Profit | −0.13 | −1.15 | −0.94 | −0.41 | −0.90 | −1.36 | −0.70 | −2.76 | −0.56 | −0.65 | −1.64 | 1.76 |
| OPM % | −2.4% | −51.6% | −40.8% | −16.8% | −41.8% | −97.2% | −36.5% | −112.3% | −28.5% | −41.8% | −258.8% | 80.3% |
| Other Income | −2.56 | −1.44 | −2.08 | −2.30 | −1.33 | −1.89 | −2.87 | −4.87 | −2.75 | −10.91 | −4.05 | 1.09 |
| Interest | 0.68 | 0.55 | 0.69 | 0.69 | 0.72 | 0.77 | 0.64 | 0.80 | 2.01 | 0.68 | 0.61 | 1.79 |
| Depreciation | 0.72 | 0.72 | 0.74 | 0.74 | 0.68 | 0.68 | 0.68 | −0.03 | 0.30 | 0.30 | 0.30 | 0.29 |
| Profit before tax | −4.04 | −3.81 | −4.40 | −4.09 | −3.58 | −4.65 | −4.84 | −8.35 | −5.57 | −12.44 | −6.54 | 0.76 |
| Tax % | −0.5% | −2.4% | −3.2% | 16.3% | −0.3% | −0.4% | −0.6% | −4.6% | 0.0% | 0.0% | 0.0% | 0.0% |
| Exceptional items | −3.01 | −2.01 | −2.01 | −2.01 | −2.01 | −2.01 | −3.01 | −5.02 | −3.01 | −11.03 | −5.01 | 0.00 |
| Net Profit | −4.05 | −3.72 | −4.27 | −4.77 | −3.59 | −4.66 | −4.83 | −8.01 | −5.60 | −12.46 | −6.57 | 0.78 |
| EPS (Rs) | −0.89 | −0.82 | −0.93 | −1.04 | −0.79 | −1.02 | −1.06 | −1.74 | −1.22 | −2.71 | −1.43 | 0.18 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 25.95 | 35.91 | 41.91 | 25.95 | 36.92 | 15.96 | 8.98 | 10.98 | 11.98 | 7.98 | 5.99 | 6.23 |
| Expenses | 34.95 | 37.96 | 43.96 | 33.97 | 30.99 | 21.99 | 11.99 | 6.99 | 13.99 | 12.98 | 6.99 | 7.30 |
| Operating Profit | −10.01 | −2.01 | −3.01 | −8.02 | 6.01 | −6.01 | −2.01 | 4.01 | −2.01 | −5.01 | −1.01 | −1.09 |
| OPM % | −37.0% | −6.0% | −7.0% | −30.0% | 16.0% | −35.0% | −24.0% | 35.0% | −16.0% | −68.0% | −17.0% | −17.5% |
| Other Income | 0.00 | −21.06 | 4.01 | 5.01 | 2.01 | 3.01 | −4.01 | −2.01 | −9.03 | −11.04 | −17.04 | −16.62 |
| Interest | 3.01 | 2.01 | 3.01 | 3.01 | 1.01 | 1.01 | 1.01 | 3.01 | 3.01 | 3.01 | 5.02 | 5.09 |
| Depreciation | 11.05 | 7.03 | 6.03 | 5.02 | 5.02 | 4.01 | 5.02 | 4.02 | 3.01 | 2.01 | 1.01 | 1.19 |
| Profit before tax | −23.94 | −31.96 | −7.99 | −10.97 | 0.99 | −7.98 | −11.97 | −4.99 | −15.96 | −21.95 | −23.97 | −23.79 |
| Tax % | −16.0% | −5.0% | 2.0% | −2.0% | 21.0% | 2.0% | 2.0% | −32.1% | 3.0% | −2.0% | 0.0% | — |
| Exceptional items | −1.15 | −22.87 | 1.34 | 0.00 | −0.03 | −2.75 | −5.56 | −8.92 | −9.99 | −12.78 | −18.87 | −19.05 |
| Net Profit | −20.02 | −31.03 | −8.01 | −11.01 | 1.01 | −9.01 | −13.01 | −3.01 | −17.01 | −21.02 | −24.03 | −23.85 |
| EPS (Rs) | −4.30 | −6.66 | −1.85 | −2.34 | 0.24 | −1.88 | −2.78 | −0.68 | −3.65 | −4.57 | −5.18 | −5.18 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| 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 | 46.10 | 46.08 | 46.11 | 46.09 | 46.05 | 46.04 | 46.12 | 46.07 | 45.94 | 45.98 | 45.99 | 45.93 |
| Reserves | 41.09 | 21.03 | 49.11 | 41.09 | 31.03 | 33.04 | 26.08 | 7.01 | 2.99 | −12.97 | −32.92 | −42.96 |
| Borrowings | 27.04 | 16.01 | 28.04 | 25.03 | 22.02 | 28.00 | 30.07 | 31.02 | 24.93 | 27.94 | 30.97 | 20.95 |
| Other Liabilities | 30.15 | 47.23 | 51.25 | 58.28 | 64.31 | 75.36 | 64.30 | 88.42 | 89.43 | 85.41 | 84.40 | 91.37 |
| Total Liabilities | 144 | 130 | 176 | 170 | 163 | 182 | 167 | 173 | 164 | 146 | 128 | 115 |
| Fixed Assets | 98.29 | 87.30 | 133 | 126 | 122 | 117 | 113 | 87.36 | 78.21 | 75.29 | 72.30 | 74.21 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 46.09 | 43.05 | 42.05 | 44.06 | 41.06 | 65.13 | 54.13 | 85.16 | 86.08 | 71.07 | 56.14 | 41.08 |
| Inventories | 34.35 | 33.81 | 4.54 | 4.23 | 4.45 | 10.59 | 10.58 | 52.29 | 50.55 | 37.21 | 23.08 | 2.95 |
| Trade receivables | 5.63 | 3.81 | 15.48 | 2.08 | 4.35 | 31.94 | 40.39 | 1.05 | 1.84 | 1.16 | 0.77 | 0.58 |
| Cash & equivalents | 0.87 | 0.54 | 6.14 | 0.62 | 0.32 | 0.06 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 144 | 130 | 176 | 170 | 163 | 182 | 167 | 173 | 164 | 146 | 128 | 115 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 5.99 | −6.98 | −28.96 | −5.99 | 3.99 | −6.99 | −1.99 | −21.97 | −2.99 | −8.99 | −1.99 | 12.98 |
| Cash from investing activity | 0.00 | 1.01 | 26.06 | 7.02 | 1.01 | 1.01 | 1.01 | 21.07 | 12.03 | 9.02 | 1.01 | 2.01 |
| Cash from financing activity | −6.01 | 5.99 | 7.99 | −6.01 | −4.99 | 4.99 | 1.01 | 1.01 | −7.99 | 0.00 | 0.00 | −14.99 |
| Net cash flow | 0.00 | 0.00 | 6.02 | −6.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.80 | 0.49 | 0.29 | 0.00 | 0.09 |
| Free cash flow | 5.99 | −6.99 | −28.95 | −5.99 | 3.99 | −6.99 | −1.99 | −1.99 | 6.99 | −0.99 | −1.99 | 12.98 |
| CFO / OP % | 47.9% | 72.9% | 1,355.9% | 227.0% | −51.1% | −112.1% | 42.0% | 971.9% | −78.1% | 453.0% | 31.0% | −1,212.1% |
| 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 | 44 | 54 | 159 | 18 | 60 | 319 | 926 | 41 | 61 | 36 | 36 | 34 |
| Inventory days | 2,093 | 1,177 | — | — | — | — | — | — | — | 2,837 | 2,946 | 715 |
| Days payable | 557 | 345 | — | — | — | — | — | — | — | 342 | 448 | 789 |
| Cash conversion cycle | 1,579 | 885 | 158 | 17 | 59 | 318 | 925 | 40 | 60 | 2,530 | 2,533 | −42 |
| Working capital days | 40 | −213 | −33 | 12 | −62 | 53 | 93 | 633 | 466 | 32 | −783 | −2,052 |
| ROCE % | 3.0% | −20.0% | −6.0% | −6.0% | −8.0% | 3.0% | −4.0% | −6.0% | 9.0% | −5.0% | −11.0% | 0.0% |
For the Mar 2026 quarter, SPEL Semiconductor reported sales of ₹2.17 Cr, down 11.1% year on year and net profit of ₹0.78 Cr. The operating margin was 80.3%.
SPEL Semiconductor's sales for the year to Mar 2026 were ₹5.99 Cr; over the last twelve months they were ₹6.23 Cr.
Net profit for the year to Mar 2026 was −₹24.03 Cr, and −₹23.85 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−5.18.
SPEL Semiconductor reported borrowings of ₹20.95 Cr at Mar 2026, against cash and equivalents of ₹0 Cr.
Cash from operations was ₹12.98 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹12.98 Cr.