5
Sprayking
SPRAYKINGLTD NSE
Sprayking
Industrial ProductsNSE: SPRAYKINGLTD BSE: SPRAYKING Other Industrial Products
Key Fundamentals
MicrocapOther Industrial ProductsIndustrial ProductsMarket Cap
₹25.60 Cr
Volatility
Moderate
P/E Ratio
8.1
EBITDA
₹8.34 Cr
Return on Equity
19.36%
Debt to Equity
0.41
Book Value
₹2.73
EPS
₹1.38
52W High
₹2.36
52W Low
₹1
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Stock is trading at 0.44 times its book value
Weaknesses
3- 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 Rate
Revenue Growth
-1.64% lower than
3Y
Net Income Growth
-47.26% lower than
3Y
Cash Flow Change
45.39%
ROE
-27.6% lower than
3Y
ROCE
-27.18% level than
3Y
EBITDA Margin (Avg.)
-38.98% 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 | 16.34 | 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 | 14.33 | 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 | 2.01 | 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 % | 12.3% | 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 | 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 | 0.24 | 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 | 0.38 | 0.4 | 0.46 | 0.72 | 0.71 | 0.7 | 0.83 | 0.36 | 0.76 | 0.74 | 0.74 | 1 | 0.78 |
| PBT | 1.39 | 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 % | 25.9% | 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 | 1.04 | 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 | 0.05 | 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
| Particulars | 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 |
| PBT | 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 |
| Div. Payout % | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating | — | -20 | -11 | -9 |
| Investing | — | -8 | -13 | -4 |
| Financing | — | 32 | 21 | 14 |
| Net Cash Flow | — | 3 | -3 | 0 |
| Free Cash Flow | — | -27 | -22 | -15 |
| CFO/OP | — | -110 | -73 | -103 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Sprayking insights
58 extracted metrics + investor summaries across FY16–FY26.
Documents
1
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. 16 Apr - Sprayking says it is not a Large Corporate for FY2026-27.
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026 submitted. 9 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026 submitted.
4
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Newspaper Advertisement Under Regulation 47 read with Regulation 33 of SEBI (LODR) Regulations, 2015 16 Feb - Newspaper Advertisement Under Regulation 47 read with Regulation 33 of SEBI (LODR) Regulations, 2015
5
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. 14 Feb - Approved unaudited Q3 (Dec 31, 2025) results; consolidated nine-month net profit Rs433.02 lakh; office shifted Feb 14, 2026.
4
Intimation Of Book Closure Pursuant To Regulation 42 Of The SEBI (LODR) Regulations 2015 4 Sept 2026
Intimation
5
Revised Notice Of 22Nd Annual General Meeting (AGM) To Be Held On Wednesday September 30 2026. 4 Sept 2026
Intimation
Frequently Asked Questions about Sprayking
What does Sprayking Ltd do?
Incorporated in 1980, Sprayking Ltd is in the business of trading & exporting of Brass items.[1]
Where is Sprayking Ltd (540079) listed?
Sprayking Ltd trades as SPRAYKINGLTD on the NSE and under code SPRAYKING on the BSE.
Which sector does Sprayking Ltd belong to?
Sprayking Ltd is classified under the Industrial Products sector, in the Other Industrial Products industry.
What is the market capitalisation of Sprayking Ltd?
Sprayking Ltd has a market capitalisation of ₹25.6 Cr, which places it in the Small Cap band.
What is the PE ratio of Sprayking Ltd?
Sprayking Ltd trades at a PE ratio of 8.10, on earnings per share of ₹1.38, against a book value of ₹2.73 per share.
What is the 52-week high and low of Sprayking Ltd?
Over the last 52 weeks Sprayking Ltd has traded between ₹1 and ₹2.36.
What is the Return on Equity (ROE) of Sprayking Ltd?
Sprayking Ltd reported a return on equity of 19.36%. Its debt-to-equity ratio is 0.41.
Company Information
Incorporated in 1980, Sprayking Ltd is in the business of trading & exporting of Brass items.[1]
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