---
title: "Sprayking Ltd (540079) — Share Price, Financials & Analysis"
symbol: "540079"
company: "Sprayking Ltd"
canonical: "https://tapetide.com/stocks/540079"
isin: "INE537U01037"
nse_symbol: "SPRAYKINGLTD"
bse_code: "540079"
sector: "Industrial Products"
industry: "Other Industrial Products"
market_cap_cr: 25.6
generated_at: "2026-09-13T19:39:59.864Z"
---

# Sprayking Ltd (540079)

Canonical page: https://tapetide.com/stocks/540079

## Company

- **NSE Symbol:** SPRAYKINGLTD
- **BSE Code:** 540079
- **ISIN:** INE537U01037
- **Sector:** Industrial Products
- **Industry:** Other Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2016-09-14
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** spraykingagro.com

## About

Incorporated in 1980, Sprayking Ltd is in the business of trading & exporting of Brass items.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:44:09.744291Z.

- **Market Cap:** ₹25.6 Cr
- **Classification:** Microcap
- **P/E (reported):** 8.1
- **EPS (TTM):** ₹0.06
- **EPS (reported):** ₹1.38
- **Book Value:** ₹2.73
- **Price to Book:** 0.44
- **Dividend Yield:** 0%
- **ROE:** 19.36%
- **ROCE:** 25.83%
- **Debt to Equity:** 0.41
- **Revenue (yearly):** ₹129.15 Cr
- **Net Income:** ₹3.85 Cr
- **EBITDA:** ₹8.34 Cr
- **52-Week High:** ₹2.36
- **52-Week Low:** ₹1
- **RSI (14):** 34.73

## Tapetide Score

- **Score:** 42 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 19.7 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 38.6 | 9% |
| growth | 48.31 | 9% |
| momentum | 33.12 | 12% |
| ownership | 50 | 24% |
| quality | 34.65 | 22% |
| valuation | 45.86 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.44 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 36.4%
- Working capital days have increased from 93.4 days to 171 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 45.39% | — | -691.43% |
| ebitda margin growth | 75% | -38.98% | -58.88% | — |
| net income growth | 75% | -47.26% | 4% | — |
| revenue growth | -62.56% | -1.64% | 88% | — |
| roce | -447.06% | -27.18% | -27.18% | — |
| roe | -67.5% | -27.6% | 23.05% | — |

## Financial Statements

### Quarterly Results

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

| Item | 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 | 32.51 | 32.65 | 20.17 | 35.81 | 28.24 | 35.57 | 28.14 | 22.28 | 19.66 | 42.48 | 44.72 | 16.93 |
| Expenses | 28.13 | 26.89 | 16.96 | 31.42 | 25.69 | 34.51 | 25.99 | 20.68 | 14.03 | 41.49 | 44.59 | 15.67 |
| Operating Profit | 4.38 | 5.76 | 3.21 | 4.39 | 2.55 | 1.06 | 2.15 | 1.6 | 5.63 | 0.99 | 0.13 | 1.26 |
| OPM % | 13.47 | 17.64 | 15.91 | 12.26 | 9.03 | 2.98 | 7.64 | 7.18 | 28.64 | 2.33 | 0.29 | 7.44 |
| Other Income | 0.11 | 0.08 | 0.18 | 0.05 | 0.13 | 2.87 | 1.23 | 0.13 | 0.98 | 0.66 | 0.71 | 0.11 |
| Interest | 0.2 | 0.28 | 0.64 | 0.43 | 0.67 | 0.48 | 0.62 | 0.68 | 0.85 | 0.73 | 0.75 | 0.63 |
| Depreciation | 0.4 | 0.46 | 0.72 | 0.71 | 0.7 | 0.83 | 0.36 | 0.76 | 0.74 | 0.74 | 1 | 0.78 |
| Profit before tax | 3.89 | 5.1 | 2.03 | 3.3 | 1.31 | 2.62 | 2.4 | 0.29 | 5.02 | 0.18 | -0.91 | -0.04 |
| Tax % | 29.82 | 33.92 | 12.81 | 28.79 | 30.53 | 25.95 | 13.33 | -127.59 | 18.33 | 333.33 | -57.14 | 200 |
| Net Profit | 2.74 | 3.37 | 1.77 | 2.35 | 0.91 | 1.94 | 2.08 | 0.65 | 4.1 | -0.43 | -0.4 | -0.13 |
| EPS in Rs | 0.13 | 0.16 | 0.05 | 0.07 | 0.03 | 0.09 | 0.06 | 0.03 | 0.19 | -0.02 | -0.11 | 0 |

### Profit & Loss

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- |
| Sales | 19 | 102 | 130 | 129 | 124 |
| Expenses | 17 | 86 | 118 | 121 | 116 |
| Operating Profit | 3 | 15 | 12 | 8 | 8 |
| OPM % | 13 | 15 | 10 | 6 | 6 |
| Other Income | 0 | 0 | 1 | 2 | 2 |
| Interest | 0 | 1 | 2 | 3 | 3 |
| Depreciation | 0 | 2 | 2 | 3 | 3 |
| Profit before tax | 2 | 12 | 10 | 5 | 4 |
| Tax % | 27 | 28 | 25 | 14 | — |
| Net Profit | 2 | 9 | 7 | 4 | 3 |
| EPS in Rs | 0.08 | 0.42 | 0.34 | 0.09 | 0.06 |
| Dividend Payout % | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | — | 11 | 21 | 21 |
| Reserves | — | 19 | 11 | 37 |
| Borrowings | — | 34 | 47 | 24 |
| Other Liabilities | — | 33 | 27 | 37 |
| Total Liabilities | — | 97 | 105 | 119 |
| Fixed Assets | — | 17 | 26 | 29 |
| CWIP | — | 0 | 0 | 0 |
| Investments | — | 1 | 1 | 1 |
| Other Assets | — | 79 | 78 | 89 |
| Total Assets | — | 97 | 105 | 119 |

### Cash Flow

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | -20 | -11 | -9 |
| Cash from Investing Activity | — | -8 | -13 | -4 |
| Cash from Financing Activity | — | 32 | 21 | 14 |
| Net Cash Flow | — | 3 | -3 | 0 |
| Free Cash Flow | — | -27 | -22 | -15 |
| CFO/OP | — | -110 | -73 | -103 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | — | 35 | 58 | 46 |
| Inventory Days | — | 123 | 94 | 140 |
| Days Payable | — | 72 | 41 | 26 |
| Cash Conversion Cycle | — | 86 | 111 | 160 |
| Working Capital Days | — | 59 | 50 | 171 |
| ROCE % | — | — | 16 | 8 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 36.41% | 36.41% | 36.41% | 36.41% | 36.41% | 36.41% | 36.41% | 36.41% | 36.41% | 36.41% | 36.41% | 36.41% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 52.9% | 49.9% | 45.62% | 44.6% | 48.08% | 48.11% | 46.4% | 46.7% | 52.72% | 53.01% | 53.17% | 55.16% |
| Others | 10.69% | 13.69% | 17.97% | 18.99% | 15.51% | 15.48% | 17.19% | 16.88% | 10.86% | 10.57% | 10.42% | 8.42% |
| No. of Shareholders | 1090 | 2148 | 7668 | 17338 | 37947 | 41538 | 40705 | 40982 | 44559 | 44564 | 45601 | 44621 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.26 | Sell |
| EMA (10) | 1.25 | Sell |
| SMA (20) | 1.27 | Sell |
| EMA (20) | 1.27 | Sell |
| SMA (50) | 1.3 | Sell |
| EMA (50) | 1.28 | Sell |
| SMA (100) | 1.29 | Sell |
| EMA (100) | 1.33 | Sell |
| SMA (200) | 1.48 | Sell |
| EMA (200) | 1.59 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.73 | Neutral |
| MACD (12,26,9) | -0.02 | Sell |
| Stochastic (14,3,3) | 22.92 | Neutral |
| ADX (14) | 28.22 | Buy |
| Williams %R (14) | -81.25 | Buy |
| ATR (14) | 0.06 | High Volatility |
| ROC (12) | -3.97 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 39.48 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72e0e1d3-e14d-495d-894f-abe47e8afacd.pdf) |
| 2026-09-04 | [Notice Of 22Nd AGM To Be Held On September 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc39a540-e154-4e3c-bb99-76be2c614136.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=615e0d4b-51d4-4b57-a228-9195d9e29f00.pdf) |
| 2026-09-04 | [Intimation Of Book Closure Pursuant To Regulation 42 Of The SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee331c50-2b8d-481d-806f-7e9f7e21a6e2.pdf) |
| 2026-09-04 | [Revised Notice Of 22Nd Annual General Meeting (AGM) To Be Held On Wednesday September 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94854e60-0efc-4b10-a9f6-e0ea6809ee3d.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2d4b632-b8cd-44e9-8470-d3ff1e0a5487.pdf) |
| 2026-09-02 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday September 02 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03489810-c2bf-43d0-ada2-eeacee4e1a0f.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1590bffc-4246-48bc-919a-1945d19ed8ab.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20bab62b-0424-4fcb-a2e8-db776c03531b.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Outcome Of Board Meeting Held On August 10 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3035ef5-0363-4c53-91ba-5bf36280b6bd.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Results- Financials For Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fbc73682-fe70-443d-bcb4-aae9743d0299.pdf) |
| 2026-05-26 | [Results For The Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2eb61df6-df66-4da6-ad39-bab2ce5bceea.pdf) |
| 2026-02-14 | [Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f431a20-26de-4f6b-bf48-095778bf2f5a.pdf) |
| 2025-10-16 | [Results - Financial Results For The Quarter Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7357c5eb-120d-4057-837a-3c0ac9ea14ac.pdf) |
| 2025-08-13 | [Results- Financials For Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31806e88-04a8-4079-bf6a-97c87441b061.pdf) |
| 2025-05-27 | [Results For The Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=967e34b3-012e-40eb-b12e-fa0e72600d73.pdf) |
| 2025-02-13 | [Results- Financial Results For December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fa84cbe-5f9b-456f-b0d8-bd8f576e6296.pdf) |
| 2024-11-13 | [Results - Financial Results For September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f3d0e3c-b34d-4c06-992a-37765347b260.pdf) |
| 2024-08-13 | [Results Financials For Quarter June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf2c86c6-be40-4f49-aec6-ddab7c673c9f.pdf) |
| 2024-05-28 | [Results For Financial Year 2023-24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da5ba487-b103-43ad-b288-75e43b0ec496.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026 submitted. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026 submitted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c3adbcf7-39e0-4411-a133-f2c96cfe55d5.pdf) |
| 5 Feb - Board meeting Feb 14, 2026 to approve unaudited standalone and consolidated results for quarter ended Dec 31, 2025. | [Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results (Standalone And Consolidated) For Quarter Ended December 31, 2025. 5 Feb - Board meeting Feb 14, 2026 to approve unaudited standalone and consolidated results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7f904c26-52c2-48bc-9c43-b478d3c84402.pdf) |
| 16 Feb - Newspaper Advertisement Under Regulation 47 read with Regulation 33 of SEBI (LODR) Regulations, 2015 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Newspaper Advertisement Under Regulation 47 read with Regulation 33 of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15dfaf60-bda9-411a-8dc5-df4b9ae6e701.pdf) |
| 16 Apr - Sprayking says it is not a Large Corporate for FY2026-27. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 16 Apr - Sprayking says it is not a Large Corporate for FY2026-27.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ba58c5f-21a1-41d4-9866-27ec98a658ca.pdf) |
| 15 Jan - Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended December 31, 2025 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Jan - Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0aed08f5-c51d-4a48-97df-f7ad820dbfd4.pdf) |
| 14 Feb - Approved unaudited Q3 (Dec 31, 2025) results; consolidated nine-month net profit Rs433.02 lakh; office shifted Feb 14, 2026. | [Board Meeting Outcome for Outcome Of Board Meeting Held On February 14, 2026 14 Feb - Approved unaudited Q3 (Dec 31, 2025) results; consolidated nine-month net profit Rs433.02 lakh; office shifted Feb 14, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04803fd7-eb19-49b4-ad28-892713ba1962.pdf) |
| — | [Closure of Trading Window 24 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c14fba2-8881-4c3f-a74f-ac16416e8a94.pdf) |
| — | [Financial Results For The Quarter Ended December 31, 2025 14 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f431a20-26de-4f6b-bf48-095778bf2f5a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cecd221f-05c5-432c-82fa-dc7ef3205b89.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1a6b581-60bf-414c-81ba-72122802137f.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93c00912-5507-45a3-baef-735f5ae4afb0.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540079/75275540079.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540079/72390540079.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540079/67267540079.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540079/5400790319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540079/5400790318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/540079/5400790317.pdf) |

---

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 2026-09-13T19:39:59.864Z.