---
title: "Spice Communications Ltd(merged) (SPICETELE) — Share Price, Financials & Analysis"
symbol: "SPICETELE"
company: "Spice Communications Ltd(merged)"
canonical: "https://tapetide.com/stocks/SPICETELE"
generated_at: "2026-10-13T10:59:37.730Z"
---

# Spice Communications Ltd(merged) (SPICETELE)

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

## Company

- **Stock Type:** DELISTED
- **Listed Since:** 2007-07-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** spiceindia.com

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| revenue growth | 65% |

## Financial Statements

### Profit & Loss

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

| Item | Jun 2006 | Dec 2006 6m | Dec 2007 | Mar 2009 15m |
| --- | --- | --- | --- | --- |
| Sales | 661 | 389 | 958 | 1580 |
| Expenses | 515 | 305 | 1228 | 1972 |
| Operating Profit | 147 | 84 | -270 | -392 |
| OPM % | 22 | 22 | -28 | -25 |
| Other Income | 19 | 10 | 955 | 86 |
| Interest | 87 | 63 | 162 | 342 |
| Depreciation | 146 | 70 | 134 | 373 |
| Profit before tax | -67 | -38 | 388 | -1021 |
| Tax % | 2 | 1 | 2 | -1 |
| Net Profit | -69 | -39 | 380 | -1015 |
| EPS in Rs | — | — | 5.51 | -14.72 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Jun 2006 | Dec 2006 | Dec 2007 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Equity Capital | 552 | 552 | 690 | 690 |
| Reserves | -643 | -704 | 168 | -873 |
| Borrowings | 1107 | 1208 | 1544 | 2059 |
| Other Liabilities | 197 | 264 | 365 | 538 |
| Total Liabilities | 1214 | 1320 | 2767 | 2414 |
| Fixed Assets | 909 | 974 | 1624 | 1722 |
| CWIP | 32 | 44 | 142 | 104 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 273 | 302 | 1002 | 588 |
| Total Assets | 1214 | 1320 | 2767 | 2414 |

### Cash Flow

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

| Item | Jun 2006 | Dec 2006 | Dec 2007 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 106 | 81 | -531 | 731 |
| Cash from Investing Activity | -193 | -142 | -217 | -888 |
| Cash from Financing Activity | 24 | 41 | 827 | 184 |
| Net Cash Flow | -63 | -20 | 79 | 27 |
| Free Cash Flow | -80 | -62 | -761 | -192 |
| CFO/OP | 74 | 100 | 191 | -197 |

### Ratios

| Item | Jun 2006 | Dec 2006 | Dec 2007 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Debtor Days | 28 | 51 | 216 | 12 |
| Cash Conversion Cycle | 28 | 51 | 216 | 12 |
| Working Capital Days | -52 | -110 | 141 | -42 |
| ROCE % | — | — | 6 | -33 |

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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 2026-10-13T10:59:37.730Z.