SPA Capital Services
SPACAPITALSERVICESLTD NSE
SPA Capital Services
Financial ServicesNSE: SPACAPITALSERVICESLTD BSE: SPACAPS Other Financial Services
Key Fundamentals
MicrocapOther Financial ServicesFinancial ServicesMarket Cap
₹61.60 Cr
Volatility
Low Risk
P/E Ratio
38.3
EBITDA
₹0.70 Cr
Return on Equity
2.25%
Debt to Equity
0.95
Book Value
₹58.01
EPS
₹2.11
52W High
₹238
52W Low
₹160.55
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
5- Stock is trading at 3.46 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.80% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.85 Cr.
Growth Rate
Revenue Growth
27.11% lower than
3Y
Net Income Growth
33.33% lower than
3Y
Cash Flow Change
50.64% higher than
3Y
ROE
33.93% higher than
3Y
ROCE
-15.05% higher than
3Y
EBITDA Margin (Avg.)
-32.26% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | 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 | 3.11 | 4.58 | 7.26 | 6.12 | 4.06 | 8.82 | 6.05 | 14.01 | 10.69 | 8.75 | 8.22 | 10.95 | 10.3 |
| Expenses | 2.9 | 4.35 | 6.97 | 6.13 | 3.77 | 8.5 | 5.75 | 13.51 | 10.28 | 8.62 | 7.76 | 10.21 | 9.81 |
| Operating Profit | 0.21 | 0.23 | 0.29 | -0.01 | 0.29 | 0.32 | 0.3 | 0.5 | 0.41 | 0.13 | 0.46 | 0.74 | 0.49 |
| OPM % | 6.75% | 5.02% | 3.99% | -0.16% | 7.14% | 3.63% | 4.96% | 3.57% | 3.84% | 1.49% | 5.6% | 6.76% | 4.76% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.06 | 0.91 |
| Interest | 0.06 | 0.07 | 0.13 | 0.14 | 0.12 | 0.1 | 0.09 | 0.11 | 0.07 | 0.04 | 0.04 | 0.12 | 0.03 |
| Depreciation | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.09 | 0.09 | 0.08 | 0.14 | 0.09 | 0.08 |
| PBT | 0.11 | 0.13 | 0.13 | -0.18 | 0.14 | 0.19 | 0.18 | 0.3 | 0.25 | 0.01 | 0.28 | 0.47 | 1.29 |
| Tax % | 18.18% | 23.08% | -38.46% | -116.67% | 28.57% | 26.32% | 27.78% | 63.33% | 24% | 100% | 25% | 6.38% | 25.58% |
| Net Profit | 0.09 | 0.1 | 0.17 | 0.03 | 0.1 | 0.14 | 0.14 | 0.11 | 0.19 | 0 | 0.21 | 0.44 | 0.96 |
| EPS in Rs | 0.29 | 0.33 | 0.55 | 0.1 | 0.33 | 0.46 | 0.46 | 0.36 | 0.62 | 0 | 0.68 | 1.43 | 3.12 |
Profit & Loss
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 99.85 | 86.56 | 98.53 | 32.67 | 30.95 | 16.38 | 16.59 | 21.08 | 32.94 | 38.62 | 38.22 |
| Expenses | 96.72 | 82.2 | 94.88 | 30.59 | 30.92 | 15.43 | 15.8 | 20.3 | 31.32 | 36.89 | 36.4 |
| Operating Profit | 3.13 | 4.36 | 3.65 | 2.08 | 0.03 | 0.95 | 0.79 | 0.78 | 1.62 | 1.73 | 1.82 |
| OPM % | 3.13% | 5.04% | 3.7% | 6.37% | 0.1% | 5.8% | 4.76% | 3.7% | 4.92% | 4.48% | 4.76% |
| Other Income | 0.16 | 0.03 | -0.06 | 0.02 | 0.08 | 0.05 | 0.04 | -0.06 | -0.21 | -0.06 | 0.85 |
| Interest | 0.98 | 1.84 | 2.04 | 1.02 | 0.51 | 0.45 | 0.32 | 0.39 | 0.42 | 0.27 | 0.23 |
| Depreciation | 0.59 | 0.5 | 0.46 | 0.4 | 0.31 | 0.2 | 0.17 | 0.13 | 0.19 | 0.39 | 0.39 |
| PBT | 1.72 | 2.05 | 1.09 | 0.68 | -0.71 | 0.35 | 0.34 | 0.2 | 0.8 | 1.01 | 2.05 |
| Tax % | 31.98% | 34.15% | 47.71% | 77.94% | -30.99% | 34.29% | 20.59% | -95% | 38.75% | 16.83% | — |
| Net Profit | 1.16 | 1.35 | 0.57 | 0.16 | -0.49 | 0.23 | 0.27 | 0.38 | 0.49 | 0.83 | 1.61 |
| EPS in Rs | 13.21 | 4.39 | 1.85 | 0.52 | -1.59 | 0.75 | 0.88 | 1.24 | 1.59 | 2.7 | 5.23 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.88 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 |
| Reserves | 14.64 | 13.79 | 14.19 | 13.41 | 12.55 | 12.78 | 13.05 | 13.43 | 13.93 | 14.76 |
| Borrowings | 12.16 | 31.4 | 14.06 | 25.27 | 23.08 | 23.67 | 21.73 | 24.47 | 21.88 | 16.94 |
| Other Liabilities | 3.73 | 6.42 | 28.12 | 15.66 | 4.92 | 2.4 | 4.22 | 2.14 | 1.96 | 1.86 |
| Total Liabilities | 31.41 | 54.68 | 59.44 | 57.41 | 43.62 | 41.92 | 42.07 | 43.11 | 40.84 | 36.63 |
| Fixed Assets | 2 | 1.68 | 1.69 | 1.22 | 0.83 | 0.69 | 0.5 | 0.55 | 2.13 | 1.74 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 0 | 0 | 0 |
| Investments | 5.46 | 5.46 | 5.46 | 5.26 | 4.89 | 4.89 | 4.35 | 9.8 | 2.72 | 5.13 |
| Other Assets | 23.95 | 47.54 | 52.29 | 50.93 | 37.9 | 36.34 | 37.15 | 32.76 | 35.99 | 29.76 |
| Total Assets | 31.41 | 54.68 | 59.44 | 57.41 | 43.62 | 41.92 | 42.07 | 43.11 | 40.84 | 36.63 |
Cash Flow
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -3.79 | -17.58 | -0.94 | -12 | 4.94 | 0 | 2.35 | 3.27 | -2.76 | 7.24 |
| Investing | 0.51 | -0.19 | -0.82 | 0.84 | 0.01 | -0.06 | -0.04 | -5.62 | 5.73 | -2.08 |
| Financing | 2.77 | 17.4 | 1.58 | 11.13 | -4.97 | 0.01 | -2.33 | 2.3 | -2.9 | -5.29 |
| Net Cash Flow | -0.51 | -0.37 | -0.18 | -0.03 | -0.02 | -0.05 | -0.02 | -0.04 | 0.07 | -0.13 |
| Free Cash Flow | -3.87 | -17.77 | -1.46 | -11.94 | 4.95 | -0.07 | 2.3 | 3.09 | -4.53 | 7.19 |
| CFO/OP | -103 | -387 | -4 | -577 | 16,467 | 12 | 297 | 419 | -156 | 429 |
Ratios
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 22.01 | 22.35 | 18.04 | 31.28 | 22.53 | 33.65 | 35.2 | 23.55 | 22.27 | 23.16 |
| Inventory Days | 1.94 | 342 | 0 | — | 0 | 0 | 0 | 812 | 490 | 264 |
| Days Payable | 26.8 | 44.04 | — | — | — | — | — | 50.88 | 12.65 | 2.7 |
| Cash Conversion Cycle | -2.85 | 321 | 18.04 | 31.28 | 22.53 | 33.65 | 35.2 | 785 | 500 | 284 |
| Working Capital Days | 33.96 | 47.56 | -96.17 | -165 | -10.38 | 24.29 | -32.56 | 262 | 234 | 168 |
| ROCE % | — | 10.35% | 8.04% | 4.68% | -0.3% | 2.05% | 1.71% | 1.65% | 3.58% | 3.64% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SPA Capital Services insights
54 extracted metrics + investor summaries across FY17–FY26.
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. 6 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
2
Closure of Trading Window
27 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ended March 31, 2026. 27 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ended March 31, 2026.
4
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Submission of copy of newspaper Advertisement for the Quarter and nine months ended 31st December, 2025. 13 Feb - Submission of copy of newspaper Advertisement for the Quarter and nine months ended 31st December, 2025.
5
Board Meeting Outcome for Outcome Of Board Meeting Dated 13.02.2026
13 Feb - Board approved Q3 results (31-Dec-2025): Revenue ₹2,446.51L, PAT ₹33.46L; limited review. 13 Feb - Board approved Q3 results (31-Dec-2025): Revenue ₹2,446.51L, PAT ₹33.46L; limited review.
Frequently Asked Questions about SPA Capital Services
What does SPA Capital Services Ltd do?
Incorporated in 1995, SPA Capital Services
Ltd provides Wealth Management and
Financial Advisory services[1]
Where is SPA Capital Services Ltd (542376) listed?
SPA Capital Services Ltd trades as SPACAPITALSERVICESLTD on the NSE and under code SPACAPS on the BSE.
Which sector does SPA Capital Services Ltd belong to?
SPA Capital Services Ltd is classified under the Financial Services sector, in the Other Financial Services industry.
What is the market capitalisation of SPA Capital Services Ltd?
SPA Capital Services Ltd has a market capitalisation of ₹61.6 Cr, which places it in the Small Cap band.
What is the PE ratio of SPA Capital Services Ltd?
SPA Capital Services Ltd trades at a PE ratio of 38.30, on earnings per share of ₹2.11, against a book value of ₹58.01 per share.
What is the 52-week high and low of SPA Capital Services Ltd?
Over the last 52 weeks SPA Capital Services Ltd has traded between ₹160.55 and ₹238.
What is the Return on Equity (ROE) of SPA Capital Services Ltd?
SPA Capital Services Ltd reported a return on equity of 2.25%. Its debt-to-equity ratio is 0.95.
Company Information
Incorporated in 1995, SPA Capital Services Ltd provides Wealth Management and Financial Advisory services[1]
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