---
title: "Spectacle Ventures Ltd (SPECTACLE) — Share Price, Financials & Analysis"
symbol: "SPECTACLE"
company: "Spectacle Ventures Ltd"
canonical: "https://tapetide.com/stocks/SPECTACLE"
generated_at: "2026-10-13T10:57:26.830Z"
---

# Spectacle Ventures Ltd (SPECTACLE)

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

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** specinfotek.com

## About

Spectacle Ventures Limited is a technology company engaged in providing software development and support services.

## Latest Price

## Key Insights

### Weaknesses

- Stock is trading at 97.8 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -39.0% over last 3 years.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 82% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 6.32 | 0.02 | 0.01 | 0 | 0.06 | 0.02 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0.01 |
| Operating Profit | -6.32 | -0.02 | -0.01 | 0 | -0.06 | -0.02 | -0.02 | -0.01 | -0.01 | 0 | 0 | -0.01 |
| Other Income | 0 | 0 | 0 | -1.98 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -6.32 | -0.02 | -0.01 | -1.98 | -0.06 | -0.02 | -0.02 | -0.01 | -0.01 | 0 | 0 | -0.01 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | 0 |
| Net Profit | -6.32 | -0.02 | -0.01 | -1.98 | -0.06 | -0.02 | -0.02 | -0.01 | -0.01 | 0 | 0 | -0.01 |
| EPS in Rs | -1.23 | 0 | 0 | -0.38 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Profit & Loss

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 3.15 | 40.9 | 49.87 | 152.81 | 112.35 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 3.04 | 39.83 | 49.78 | 153.29 | 111.93 | 0.34 | 0.07 | 0.08 | 6.36 | 0.02 |
| Operating Profit | 0.11 | 1.07 | 0.09 | -0.48 | 0.42 | -0.34 | -0.07 | -0.08 | -6.36 | -0.02 |
| OPM % | 3.49 | 2.62 | 0.18 | -0.31 | 0.37 | — | — | — | — | — |
| Other Income | -0.17 | 0 | 1.5 | 1.53 | 0.08 | 0.18 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0.41 | 0.27 | 0.06 | 0.06 | 0.03 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0.01 | 0.06 | 0.16 | 0.08 | 0.07 | 0.03 | 0 | 0 | 0 |
| Profit before tax | -0.06 | 0.65 | 1.26 | 0.83 | 0.36 | -0.26 | -0.1 | -0.08 | -6.36 | -0.02 |
| Tax % | 50 | 24.62 | 28.57 | 31.33 | 86.11 | -7.69 | -20 | 0 | 0 | — |
| Net Profit | -0.09 | 0.49 | 0.9 | 0.57 | 0.06 | -0.24 | -0.08 | -0.08 | -6.36 | -0.02 |
| EPS in Rs | -0.02 | 0.1 | 0.17 | 0.11 | 0.01 | -0.05 | -0.02 | -0.02 | -1.24 | 0 |
| Dividend Payout % | 0 | 52.55 | 28.61 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.74 | 5.15 | 5.15 | 5.15 | 5.15 | 5.15 | 5.15 | 5.15 | 5.15 | 5.15 |
| Reserves | 0.53 | 0.44 | 0.63 | 1.23 | 1.8 | 1.86 | 1.62 | 1.51 | 1.43 | -4.93 |
| Borrowings | 0.45 | 0.13 | 2.47 | 0.37 | 1.9 | 3.53 | 3.53 | 0.16 | 0.22 | 0.24 |
| Other Liabilities | 1.5 | 0.43 | 1.01 | 1.26 | 34.51 | 113.62 | 113.52 | 112.26 | 112.29 | 2.97 |
| Total Liabilities | 3.22 | 6.15 | 9.26 | 8.01 | 43.36 | 124.16 | 123.82 | 119.08 | 119.09 | 3.43 |
| Fixed Assets | 0.01 | 0.08 | 0.08 | 0.56 | 0.07 | 0.24 | 0.15 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.5 | 0 | 0 | 2.39 | 2.39 | 2.39 | 2.39 | 2.39 | 2.39 | 2.39 |
| Other Assets | 2.71 | 6.07 | 9.18 | 5.06 | 40.9 | 121.53 | 121.28 | 116.69 | 116.7 | 1.04 |
| Total Assets | 3.22 | 6.15 | 9.26 | 8.01 | 43.36 | 124.16 | 123.82 | 119.08 | 119.09 | 3.43 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.97 | 0.35 | -0.07 | -2.25 | -3.25 | -1.21 | -0.01 | 3.37 | -0.06 | -0.02 |
| Cash from Investing Activity | 0.53 | 0.38 | 0.74 | -1.49 | 0.9 | -0.18 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0.45 | 4 | 1.93 | -2.37 | 1.19 | 1.34 | -0.01 | -3.37 | 0.06 | 0.02 |
| Net Cash Flow | 0.01 | 4.73 | 2.6 | -6.11 | -1.16 | -0.05 | -0.02 | 0 | 0 | 0 |
| Free Cash Flow | -0.97 | 0.27 | -0.07 | -2.74 | -3.03 | -1.45 | -0.01 | 3.37 | -0.06 | -0.02 |
| CFO/OP | -472 | 400 | 12 | -1978 | 633 | -288 | 3 | -4814 | 75 | 0 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 82.21 | 84.59 | 2.14 | 2.27 | 81.38 | 377.83 | — | — | — | — |
| Inventory Days | 2.44 | 2.49 | 0.19 | 0.66 | 3.64 | 0 | — | — | — | — |
| Days Payable | 162.36 | 42.35 | 4.49 | 2.8 | 0.85 | — | — | — | — | — |
| Cash Conversion Cycle | -77.71 | 44.72 | -2.16 | 0.13 | 84.17 | 377.83 | — | — | — | — |
| Working Capital Days | 129.34 | 91.54 | 6.6 | 18.3 | 86.23 | 14 | — | — | — | — |
| ROCE % | 12.37 | 2.96 | 15.18 | 19.6 | 5 | 4.33 | -1.92 | -1.17 | -1.17 | -175.21 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- |
| Promoters | 16.25% | 16.25% | 16.25% |
| DIIs | 0.58% | 0% | 0% |
| Public | 83.17% | 83.75% | 83.75% |
| No. of Shareholders | 3122 | 3132 | 3129 |

### Quarterly

| Category | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 16.25% | 16.25% | 16.25% | 16.25% | 16.25% | 16.25% | 16.25% | 16.25% | 16.25% |
| DIIs | 0.58% | 0.58% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.03% | 0% |
| Public | 83.17% | 83.17% | 83.75% | 83.75% | 83.75% | 83.75% | 83.75% | 83.73% | 83.75% |
| No. of Shareholders | 3122 | 3127 | 3126 | 3125 | 3132 | 3138 | 3141 | 3142 | 3129 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2018-05-30 | [Standalone Financial Results, Auditors Report for March 31, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E6B7F046_0ADD_4642_98C5_752012E914B4_185253.pdf) |
| 2018-05-30 | [Standalone Financial Results, Auditors Report for March 31, 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/E6B7F046_0ADD_4642_98C5_752012E914B4_185253.pdf) |
| 2018-03-31 | [Results For Quarter Ending 31St March, 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a4ebd30-28ca-4f36-a2f6-02e04319a149.pdf) |
| 2018-03-31 | [Reconcilation Statement And LLR Report For Quarter Ended 30.06.2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69d6a700-59bd-4f2e-9632-b8510cb02a98.pdf) |
| 2018-03-31 | [Results For Quarter Ending 31St March, 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/3/4a4ebd30-28ca-4f36-a2f6-02e04319a149.pdf) |
| 2018-03-31 | [Reconcilation Statement And LLR Report For Quarter Ended 30.06.2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/3/69d6a700-59bd-4f2e-9632-b8510cb02a98.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/512413/5124130316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/512413/5124130315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/512413/5124130314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/512413/5124130313.pdf) |
| 2013 | [Annual Report 2013](https://archives.nseindia.com/annual_reports/AR_2142_SPECTACLE_2012_2013_30092013162028.zip) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/512413/5124130312.pdf) |
| 2012 | [Annual Report 2012](https://archives.nseindia.com/annual_reports/AR_SPECTACLE_2011_2012_01012013121717.zip) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/512413/5124130311.pdf) |
| 2011 | [Annual Report 2011](https://archives.nseindia.com/annual_reports/AR_SPECTACLE_2010_2011_13092011051717.zip) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/512413/5124130310.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 2026-10-13T10:57:26.830Z.