S
Spel Semiconductor Ltd
517166 BSE
Spel Semiconductor Ltd
Industrials BSE: 517166 Electrical Equipment
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
5- Stock is trading at 232 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -17.0% over past five years.
- Company has a low return on equity of -27.9% over last 3 years.
- Company's cost of borrowing seems high
Growth Rate
Revenue Growth
-20.00% →
Net Income Growth
40.00% →
Cash Flow Change
-
ROE
-63.00% ↘
ROCE
-
EBITDA Margin (Avg.)
-
Quarterly Results
| Mar 2023 | 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 | 4.14 | 5.13 | 2.21 | 2.28 | 2.38 | 2.13 | 1.39 | 1.89 | 2.45 | 1.93 | 1.53 | 0.63 | 2.18 |
| Expenses | 1.68 | 5.25 | 3.35 | 3.21 | 2.78 | 3.02 | 2.74 | 2.58 | 5.2 | 2.48 | 2.17 | 2.26 | 0.43 |
| Operating Profit | 2.46 | -0.12 | -1.14 | -0.93 | -0.4 | -0.89 | -1.35 | -0.69 | -2.75 | -0.55 | -0.64 | -1.63 | 1.75 |
| OPM % | 59.42% | -2.34% | -51.58% | -40.79% | -16.81% | -41.78% | -97.12% | -36.51% | -112.24% | -28.5% | -41.83% | -258.73% | 80.28% |
| Other Income | 2.63 | -2.55 | -1.43 | -2.07 | -2.29 | -1.32 | -1.88 | -2.86 | -4.85 | -2.74 | -10.87 | -4.04 | 1.08 |
| Interest | 1.04 | 0.67 | 0.54 | 0.68 | 0.68 | 0.71 | 0.76 | 0.63 | 0.79 | 2 | 0.67 | 0.6 | 1.78 |
| Depreciation | 0.74 | 0.71 | 0.71 | 0.73 | 0.73 | 0.67 | 0.67 | 0.67 | -0.02 | 0.29 | 0.29 | 0.29 | 0.28 |
| PBT | 3.31 | -4.05 | -3.82 | -4.41 | -4.1 | -3.59 | -4.66 | -4.85 | -8.37 | -5.58 | -12.47 | -6.56 | 0.77 |
| Tax % | -14.2% | -0.49% | -2.36% | -3.17% | 16.34% | -0.28% | -0.43% | -0.62% | -4.54% | 0% | 0% | 0% | 0% |
| Net Profit | 3.77 | -4.04 | -3.73 | -4.26 | -4.76 | -3.58 | -4.65 | -4.82 | -8 | -5.59 | -12.47 | -6.56 | 0.77 |
| EPS in Rs | 0.82 | -0.88 | -0.81 | -0.92 | -1.03 | -0.78 | -1.01 | -1.05 | -1.73 | -1.21 | -2.7 | -1.42 | 0.17 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47 | 26 | 36 | 42 | 26 | 37 | 16 | 9 | 11 | 12 | 8 | 6 |
| Expenses | 35 | 35 | 38 | 44 | 34 | 31 | 22 | 12 | 7 | 14 | 13 | 7 |
| Operating Profit | 12 | -10 | -2 | -3 | -8 | 6 | -6 | -2 | 4 | -2 | -5 | -1 |
| OPM % | 26% | -37% | -6% | -7% | -30% | 16% | -35% | -24% | 35% | -16% | -68% | -17% |
| Other Income | 1 | 0 | -21 | 4 | 5 | 2 | 3 | -4 | -2 | -9 | -11 | -17 |
| Interest | 4 | 3 | 2 | 3 | 3 | 1 | 1 | 1 | 3 | 3 | 3 | 5 |
| Depreciation | 10 | 11 | 7 | 6 | 5 | 5 | 4 | 5 | 4 | 3 | 2 | 1 |
| PBT | 0 | -24 | -32 | -8 | -11 | 1 | -8 | -12 | -5 | -16 | -22 | -24 |
| Tax % | -27% | -16% | -5% | 2% | -2% | 21% | 2% | 2% | -32% | 3% | -2% | 0% |
| Net Profit | 0 | -20 | -31 | -8 | -11 | 1 | -9 | -13 | -3 | -17 | -21 | -24 |
| EPS in Rs | -0.08 | -4.29 | -6.64 | -1.84 | -2.33 | 0.23 | -1.87 | -2.77 | -0.67 | -3.64 | -4.56 | -5.17 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| 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 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 41 | 21 | 49 | 41 | 31 | 33 | 26 | 7 | 3 | -13 | -33 | -43 |
| Borrowings | 27 | 16 | 28 | 25 | 22 | 28 | 30 | 31 | 25 | 28 | 31 | 21 |
| Other Liabilities | 30 | 47 | 51 | 58 | 64 | 75 | 64 | 88 | 89 | 85 | 84 | 91 |
| Total Liabilities | 144 | 130 | 175 | 170 | 163 | 182 | 166 | 172 | 164 | 146 | 128 | 115 |
| Fixed Assets | 98 | 87 | 133 | 126 | 122 | 117 | 113 | 87 | 78 | 75 | 72 | 74 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 46 | 43 | 42 | 44 | 41 | 65 | 54 | 85 | 86 | 71 | 56 | 41 |
| Total Assets | 144 | 130 | 175 | 170 | 163 | 182 | 166 | 172 | 164 | 146 | 128 | 115 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 6 | -7 | -29 | -6 | 4 | -7 | -2 | -22 | -3 | -9 | -2 | 13 |
| Investing | 0 | 1 | 26 | 7 | 1 | 1 | 1 | 21 | 12 | 9 | 1 | 2 |
| Financing | -6 | 6 | 8 | -6 | -5 | 5 | 1 | 1 | -8 | 0 | 0 | -15 |
| Net Cash Flow | 0 | 0 | 6 | -6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 6 | -7 | -29 | -6 | 4 | -7 | -2 | -2 | 7 | -1 | -2 | 13 |
| CFO/OP | 48 | 73 | 1,356 | 227 | -51 | -112 | 42 | 972 | -78 | 453 | 31 | -1,212 |
Ratios
| 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 | 2,094 | 1,178 | — | — | — | — | — | — | — | 2,838 | 2,947 | 716 |
| Days Payable | 558 | 346 | — | — | — | — | — | — | — | 343 | 449 | 790 |
| Cash Conversion Cycle | 1,580 | 886 | 159 | 18 | 60 | 319 | 926 | 41 | 61 | 2,531 | 2,534 | -41 |
| Working Capital Days | 39 | -214 | -34 | 11 | -63 | 52 | 92 | 632 | 465 | 31 | -784 | -2,053 |
| ROCE % | 3% | -20% | -6% | -6% | -8% | 3% | -4% | -6% | 9% | -5% | -11% | 0% |
Documents
1
Board Meeting Intimation for Considering And Approving Raising Funds By Way Of One Or More Rights Issue And/Or Qips Or Any Combination Thereof
16 Jul - Board meets July 20, 2026 to consider fund raising through rights issue and/or QIP. 16 Jul - Board meets July 20, 2026 to consider fund raising through rights issue and/or QIP.
2
Board Meeting Outcome for Outcome Of The Meeting Of The Board Of The Company Held On 20Th July, 2026.
20 Jul - Board approved semiconductor expansion, up to ₹500 crore fund raising, and authorised capital increase on Jul 20, 2026. 20 Jul - Board approved semiconductor expansion, up to ₹500 crore fund raising, and authorised capital increase on Jul 20, 2026.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
24 Jul - Regulation 74(5) confirmation certificate for quarter ended Jun 30, 2026. 24 Jul - Regulation 74(5) confirmation certificate for quarter ended Jun 30, 2026.
4
Board Meeting Intimation for Consideration And Approval Of Tripartite Strategic Memorandum Of Understanding Signing With M/S Calsoft, Chennai And M/S Natronix - India, Chennai
27 Jul - Board meets July 29, 2026 to consider tripartite strategic MOU with Calsoft and Natronix-India. 27 Jul - Board meets July 29, 2026 to consider tripartite strategic MOU with Calsoft and Natronix-India.
5
Strategic Tripartite Mou With Calsoft And Natronix-India
29 Jul - Board approved tripartite MoU with Calsoft and Natronix-India for semiconductor and AI collaboration on Jul 29, 2026. 29 Jul - Board approved tripartite MoU with Calsoft and Natronix-India for semiconductor and AI collaboration on Jul 29, 2026.
Frequently Asked Questions about Spel Semiconductor Ltd
What does Spel Semiconductor Ltd do?
Incorporated in 1984, SPEL Semiconductor Ltd is in the business of wafer sort, assembly, test and drop-shipment services of IC chips[1]
Where is Spel Semiconductor Ltd (SPICELEC) listed?
Spel Semiconductor Ltd is listed on the Indian stock exchanges. It is listed on BSE: 517166. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Spel Semiconductor Ltd belong to?
Spel Semiconductor Ltd operates in the Industrials sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
How can I research Spel Semiconductor Ltd on Tapetide?
On Tapetide, you can view Spel Semiconductor Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1984, SPEL Semiconductor Ltd is in the business of wafer sort, assembly, test and drop-shipment services of IC chips[1]
Website spel.com
Face Value ₹ 10