---
title: "SPBL Ltd(merged) (531702) — Share Price, Financials & Analysis"
symbol: "531702"
company: "SPBL Ltd(merged)"
canonical: "https://tapetide.com/stocks/531702"
isin: "INE625A01016"
bse_code: "531702"
generated_at: "2026-10-13T10:59:30.243Z"
---

# SPBL Ltd(merged) (531702)

Canonical page: https://tapetide.com/stocks/531702

## Company

- **BSE Code:** 531702
- **ISIN:** INE625A01016
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sangamgroup.com

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 200.1 | 180.13 | 218.38 | 172.37 | 182.32 | 237.7 | 229.74 | 219.95 | 178.15 | 269.94 | 245.78 | 262.72 |
| Expenses | 195.48 | 177.86 | 215.83 | 175.25 | 179.15 | 234.34 | 227.08 | 222.06 | 176.76 | 266.18 | 242.15 | 259.3 |
| Operating Profit | 4.62 | 2.27 | 2.55 | -2.88 | 3.17 | 3.36 | 2.66 | -2.11 | 1.39 | 3.76 | 3.63 | 3.42 |
| OPM % | 2.31 | 1.26 | 1.17 | -1.67 | 1.74 | 1.41 | 1.16 | -0.96 | 0.78 | 1.39 | 1.48 | 1.3 |
| Other Income | 0.69 | 0.91 | 1.4 | 0.56 | 1.1 | 0.77 | 0.4 | 0.1 | 0.68 | 0.49 | 0.31 | 0.14 |
| Interest | 0.18 | 0.01 | 0 | 0.27 | 0.05 | 0 | 0.1 | 0.07 | 0.06 | 0.06 | 0.19 | 0.05 |
| Depreciation | 1.56 | 1.38 | 1.48 | 1.63 | 1.62 | 1.39 | 1.42 | 1.43 | 1.42 | 1.22 | 1.25 | 1.39 |
| Profit before tax | 3.57 | 1.79 | 2.47 | -4.22 | 2.6 | 2.74 | 1.54 | -3.51 | 0.59 | 2.97 | 2.5 | 2.12 |
| Tax % | 12.32 | 25.14 | 25.51 | -25.12 | 35 | 25.18 | 25.32 | -25.36 | 22.03 | 25.25 | 25.2 | 25 |
| Net Profit | 3.13 | 1.34 | 1.85 | -3.16 | 1.69 | 2.05 | 1.15 | -2.63 | 0.45 | 2.22 | 1.87 | 1.58 |
| EPS in Rs | 3.52 | 1.51 | 2.08 | -3.56 | 1.9 | 2.31 | 1.29 | -2.96 | 0.51 | 2.5 | 2.11 | 1.78 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 |
| --- | --- |
| Sales | 56.27 |
| Expenses | 50.86 |
| Operating Profit | 5.41 |
| OPM % | 9.61 |
| Other Income | 0.06 |
| Interest | 2.02 |
| Depreciation | 2.84 |
| Profit before tax | 0.61 |
| Tax % | 57.38 |
| Net Profit | 0.26 |
| Dividend Payout % | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 |
| --- | --- |
| Equity Capital | 5 |
| Reserves | 8.21 |
| Borrowings | 34.77 |
| Other Liabilities | 18.7 |
| Total Liabilities | 66.68 |
| Fixed Assets | 37.22 |
| CWIP | 0.19 |
| Investments | 0 |
| Other Assets | 29.27 |
| Total Assets | 66.68 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 |
| --- | --- |
| Cash from Operating Activity | 6.12 |
| Cash from Investing Activity | -2.82 |
| Cash from Financing Activity | -3.22 |
| Net Cash Flow | 0.08 |
| Free Cash Flow | 3.25 |
| CFO/OP | 113 |

### Ratios

| Item | Mar 2006 |
| --- | --- |
| Debtor Days | 74.79 |
| Inventory Days | 155.48 |
| Days Payable | 117.33 |
| Cash Conversion Cycle | 112.94 |
| Working Capital Days | 98.66 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% | 0% | 0% |
| Public | 44.98% | 44.98% | 44.98% | 44.99% | 44.98% | 44.98% | 44.98% | 44.97% | 44.98% | 44.98% |
| No. of Shareholders | 3647 | 4004 | 3822 | 3775 | 5209 | 9075 | 8487 | 7959 | 7577 | 7286 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% | 55.02% |
| FIIs | 0% | 0% | 0.03% | 0.29% | 0.01% | 0.02% | 0.15% | 0% | 0% | 0% | 0% | 0% |
| Public | 44.98% | 44.98% | 44.95% | 44.69% | 44.97% | 44.96% | 44.83% | 44.98% | 44.98% | 44.98% | 44.98% | 44.98% |
| No. of Shareholders | 8487 | 8321 | 8423 | 7499 | 7959 | 8036 | 7909 | 7746 | 7577 | 7492 | 7446 | 7286 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-03 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JOCIL_03022026130424_OUTCOME03022026.pdf) |
| 2025-11-03 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JOCIL_03112025121010_Outcome03112025.pdf) |
| 2025-11-03 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JOCIL_03112025121357_Outcome03112025.pdf) |
| 2025-09-24 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/JOCIL_24092025173046_47AGMsummary.pdf) |
| 2025-09-24 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/JOCIL_24092025183255_VotingResletter.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/AR_27792_JOCIL_2024_2025_A_1185143_28082025140202.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/AR_25118_JOCIL_2023_2024_24082024122432.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/AR_22958_JOCIL_2022_2023_26082023101315_08262023105400.zip) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/AR_20919_JOCIL_2021_2022_29082022123357_08292022130005.zip) |
| 2021 | [Financial Year 2021](https://archives.nseindia.com/annual_reports/AR_18832_JOCIL_2020_2021_23082021165317_23082021170003.zip) |
| 2020 | [Financial Year 2020](https://archives.nseindia.com/annual_reports/AR_16911_JOCIL_2019_2020_27082020103300_27082020110001.zip) |
| 2019 | [Financial Year 2019](https://archives.nseindia.com/annual_reports/AR_15368_JOCIL_2018_2019_26082019165325_26082019170007.zip) |
| 2018 | [Financial Year 2018](https://archives.nseindia.com/annual_reports/AR_13850_JOCIL_2017_2018_01102018114506.zip) |
| 2017 | [Financial Year 2017](https://archives.nseindia.com/annual_reports/AR_11834_JOCIL_2016_2017_30092017121104.zip) |
| 2016 | [Financial Year 2016](https://archives.nseindia.com/annual_reports/AR_9607_JOCIL_2015_2016_21092016113725.zip) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-10 | Credit rating update — CARE Ratings |
| 2025-06-04 | Credit rating update — CARE Ratings |
| 2024-10-09 | Credit rating update — CARE Ratings |
| 2023-08-14 | Credit rating update — CARE Ratings |
| 2022-08-18 | Credit rating update — CARE Ratings |
| 2021-10-06 | Credit rating update — CARE Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:30.243Z.