BSE: 531370 | NSE: | Electric Equipment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sparc Electrex Ltd is a below average quality company.
The key valuation ratios of Sparc Electrex Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sparc Electrex Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -17.9% | -3.3% | -1.1% | -0.6% | 3.2% | -0.4% | -80.9% | 61.4% | 12.5% | 4.8% | - |
| Value Creation Index ⓘ | -2.3 | -1.2 | -1.1 | -1.0 | -0.8 | -1.0 | -6.8 | 3.4 | -0.1 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0.1 | 0 | 0.1 | 0 | 0 | 0 | 0 | 13.2 | 4.9 | 7.4 | 8 |
| Sales YoY Gr. | - | -100% | NA | -57.1% | -66.7% | -100% | NA | NA | -63.1% | 52.4% | - |
| Adj EPS ⓘ | -1.2 | -0.2 | -0.1 | -0 | 0.2 | -0 | -3.5 | 3.8 | 0.8 | 0.1 | 0 |
| YoY Gr. | - | NA | NA | NA | NA | -110.5% | NA | NA | -77.6% | -94.1% | - |
| BVPS (₹) ⓘ | 6.3 | 6.1 | 6 | 6 | 6.2 | 6.1 | 2.5 | 6.3 | 8.5 | 8.3 | 16.5 |
| Adj Net Profit ⓘ | -0.7 | -0.1 | 0 | 0 | 0.1 | 0 | -2 | 2.1 | 0.4 | 0.1 | 0 |
| Cash Flow from Ops. ⓘ | 0.2 | 0 | 0 | -0.2 | -0.2 | -0.1 | -0.1 | -0.3 | -1.4 | -8.9 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | -0 | -0.2 | -0.6 | -7.4 | -1.8 | -0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 70.7% | 274.7% | NA | 52.4% | ||||
| Adj EPS ⓘ | NA | -23.4% | NA | -94.1% | ||||
| BVPSⓘ | 3.1% | 6.1% | 49.5% | -2.9% | ||||
| Share Price | 10.4% | 38% | 14.2% | -44.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -17.4 | -3.5 | -1.2 | -0.6 | 3.2 | -0.4 | -82.1 | 84.8 | 10.5 | 1 | 0.2 |
| Op. Profit Mgn % ⓘ | -1219.3 | -4200.9 | -69.5 | -549.1 | -1148.6 | -2054.7 | 0 | 2.3 | 7.7 | 7.6 | 7 |
| Net Profit Mgn % ⓘ | -1167.2 | -4226.3 | -59.2 | -61.2 | 1182.3 | -261.2 | 0 | 16.1 | 8.5 | 1.3 | 0.8 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.6 | 0.6 | 0.1 | 0 |
| Working Cap Days ⓘ | 24,190 | 4,20,527 | 18,050 | 37,582 | 1,30,025 | 2,64,843 | 0 | 153 | 682 | 732 | 414 |
| Cash Conv. Cycle ⓘ | 269 | 2,669 | -25 | 52 | 101 | 121 | 0 | 9 | 115 | 303 | 355 |
Sales growth is good in last 4 quarters at 339.05%
Return on Equity has declined versus last 3 years average to 0.20%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0 | - |
| TTM Sales (₹ Cr.) | 7.8 | - |
| BVPS (₹.) ⓘ | 16.5 | - |
| Reserves (₹ Cr.) ⓘ | -3 | - |
| P/BV ⓘ | 0.92 | - |
| PE ⓘ | 604.64 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 11.64 / 33.18 |
| All Time Low / High (₹) | 0.51 / 42.41 |
| Market Cap (₹ Cr.) | 29.6 |
| Equity (₹ Cr.) | 19.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 91.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 18.51 | 18.51 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.06 | 0 | 0.07 | 0.03 | 0.01 | 0 | 0 | 13.15 | 4.85 | 7.39 |
| Operating Expenses ⓘ | 0.76 | 0.12 | 0.11 | 0.20 | 0.12 | 0.10 | 2.06 | 12.85 | 4.48 | 6.83 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 0.03 | 0 | 0.01 | 0.02 | 0.01 | 0 | 0 | 12.52 | 4.11 | 5.98 |
| Employee Cost | 0.02 | 0.02 | 0.02 | 0.03 | 0.01 | 0.01 | 0.02 | 0.10 | 0.05 | 0.09 |
| Other Costs ⓘ | 0.70 | 0.10 | 0.08 | 0.16 | 0.09 | 0.08 | 2.04 | 0.22 | 0.32 | 0.76 |
| Operating Profit ⓘ | -0.70 | -0.12 | -0.05 | -0.17 | -0.11 | -0.09 | -2.06 | 0.30 | 0.37 | 0.56 |
| Operating Profit Margin (%) | -1,219.3% | -4,200.9% | -69.5% | -549.0% | -1,148.6% | -2,054.7% | - | 2.2% | 7.7% | 7.6% |
| Other Income ⓘ | 0.01 | 0.02 | 0.02 | 0.17 | 0.23 | 0.08 | 0.05 | 1.93 | 0.41 | 0.01 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.15 |
| Depreciation ⓘ | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -0.70 | -0.12 | -0.04 | -0.02 | 0.11 | -0.01 | -2.01 | 2.22 | 0.78 | 0.42 |
| Tax ⓘ | -0.03 | 0.01 | 0 | 0 | 0 | 0 | -0.01 | 0.10 | 0.08 | 0.32 |
| Profit After Tax | -0.67 | -0.12 | -0.04 | -0.02 | 0.11 | -0.01 | -2 | 2.12 | 0.70 | 0.10 |
| PAT Margin (%) | -1,167.2% | -4,226.3% | -59.2% | -61.2% | 1,182.3% | -261.0% | - | 16.1% | 14.4% | 1.3% |
| Adjusted EPS (₹) | -1.2 | -0.2 | -0.1 | 0.0 | 0.2 | 0.0 | -3.7 | 3.9 | 1.4 | 0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 3.52 | 3.40 | 3.36 | 3.34 | 3.45 | 3.44 | 1.44 | 3.55 | 4.25 | 16.26 |
| Share Capital ⓘ | 4.97 | 4.97 | 4.97 | 4.97 | 4.97 | 4.97 | 4.97 | 4.97 | 4.97 | 19.64 |
| Reserves ⓘ | -1.45 | -1.57 | -1.61 | -1.63 | -1.52 | -1.53 | -3.53 | -1.41 | -0.72 | -3.37 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0.07 | 2.17 | 2.52 | 0.95 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.86 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0.07 | 2.17 | 2.52 | 0.09 |
| Trade Payables | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 1.67 | 2.44 | 1.47 |
| Others Liabilities ⓘ | 0.07 | 0.09 | 0.08 | 0.07 | 0.06 | 0.03 | 2.01 | 2.17 | 2.65 | 3.15 |
| Total Liabilities ⓘ | 3.61 | 3.51 | 3.45 | 3.41 | 3.52 | 3.49 | 3.52 | 9.57 | 11.85 | 21.83 |
Fixed Assets | ||||||||||
| Gross Block | 1.22 | 1.22 | 1.22 | 1.22 | 1.22 | 0.92 | 0.83 | 1.89 | 1.89 | 1.89 |
| Accumulated Depreciation | 1.04 | 1.05 | 1.07 | 1.08 | 1.09 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 |
| Net Fixed Assetsⓘ | 0.17 | 0.16 | 0.15 | 0.14 | 0.13 | 0.13 | 0.04 | 1.10 | 1.10 | 1.10 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0.60 | 1.49 | 2.98 |
| Trade Receivables | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 1.70 | 3.65 | 9.50 |
| Cash Equivalents | 0.06 | 0.04 | 0.09 | 0.04 | 0.05 | 0.02 | 0.01 | 0.78 | 0.25 | 1.59 |
| Others Assetsⓘ | 3.34 | 3.30 | 3.20 | 3.23 | 3.34 | 3.34 | 3.47 | 5.39 | 5.37 | 6.66 |
| Total Assets ⓘ | 3.61 | 3.51 | 3.45 | 3.41 | 3.52 | 3.49 | 3.52 | 9.57 | 11.85 | 21.83 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.15 | -0.04 | 0.04 | -0.22 | -0.22 | -0.08 | -0.12 | -0.29 | -1.38 | -8.91 |
| PBT ⓘ | -0.70 | -0.12 | -0.04 | -0.02 | 0.11 | -0.01 | -2.01 | 2.22 | 0.78 | 0.42 |
| Adjustment ⓘ | 0.56 | -0.01 | -0.01 | -0.15 | -0.21 | -0.08 | -0.05 | -1.93 | -0.41 | 0.14 |
| Changes in Working Capital ⓘ | 0.29 | 0.08 | 0.09 | -0.03 | -0.1 | -0.01 | 1.94 | -0.59 | -1.74 | -9.47 |
| Tax Paid ⓘ | 0 | 0 | 0 | -0.02 | -0.02 | 0.02 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0.01 | 0.02 | 0.01 | 0.16 | 0.22 | 0.05 | 0.05 | -1.04 | 0.50 | 0.01 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.06 | 0.50 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.01 | 0.02 | 0.01 | 0.16 | 0.23 | 0.05 | 0.05 | 0.03 | 0 | 0.01 |
| Cash Flow From Financing Activityⓘ | -0.11 | 0 | 0 | 0 | 0.01 | 0.01 | 0.05 | 2.10 | 0.34 | 10.25 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.92 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.15 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.11 | 0 | 0 | 0 | 0.01 | 0.01 | 0.05 | 2.10 | 0.34 | -1.52 |
| Net Cash Flow ⓘ | 0.05 | -0.02 | 0.06 | -0.05 | 0.01 | -0.02 | -0.02 | 0.77 | -0.54 | 1.34 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -17.75 | -3.62 | -1.18 | -0.59 | 3.29 | -0.36 | -84.9 | 87.63 | 18.22 | 0.96 |
| ROCE (%) | -17.93 | -3.34 | -1.13 | -0.56 | 3.22 | -0.35 | -80.9 | 61.38 | 12.52 | 4.78 |
| Asset Turnover Ratio | 0.01 | 0 | 0.02 | 0.01 | 0 | 0 | 0 | 2.01 | 0.45 | 0.44 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | -2 | N/A | N/A | -0.14 | -1.97 | -89.1 | Working Capital Days |
| Receivable Days | 273 | 2,062 | 20 | 39 | 0 | 0 | 0 | 47 | 201 | 325 |
| Inventory Days | 59 | 686 | 29 | 39 | 57 | 131 | 0 | 8 | 79 | 110 |
| Payable Days | 225 | 3,107 | 656 | 138 | 73 | 53 | 0 | 24 | 182 | 119 |
Sparc Systems was founded in 1989 by a team of technologists. The company uses its expertise in networking, communications, embedded systems and sensor technologies to deliver perfect fit solutions to the client's problems. Its standard products include video Conference solutions, mobile ATMs, GPS tracking, GSM/GPRS/SMS solutions, security systems, access control systems, etc. The company's engineers give expert project supervision at all stages of development and implementation. They ensure that the customers have the best and most economical choices in system design.
Sparc's commitment to excellence ensures that customers have the best possible and latest solution. For more than 13 years, Sparc has specialized in developing, manufacturing and distributing electronic solutions. Sparc continues its mission to develop state-of-the-art products and systems that will enhance business, add value to customers and leverage IT infrastructure.
Milestones:
• 1989 -- Founded by a team of technologist
• 1993 -- Developed the world’s first multi-function business machine, Integra (Fax, Scanner, Printer, Voice Mail, Digital Answering Machine, Scheduler, 486 PC)
• 1994 -- Electronic security systems
• 1995 -- Facsimile router on leased line with G3 capability
• 1996 -- Electronic Detection & Monitoring range of products
• 1997 -- Building Management Systems
• 1998 -- Central Monitoring Station
• 2000 -- Remote surveillance
• 2001 -- VOIP boxes
• 2002 -- Video Conferencing, Wireless Systems, Thin Clients
• 2003 -- Mobile ATMs, Mobile Banks
• 2004 -- Biometric Systems
• 2005 -- Remote Display Systems
• 2006 -- Telematic systems for fleet management / Vehicle control
• 2006 -- Wireless Mesh networks
• 2007 -- UTM firewall and network access systems
• 2008 -- GPS Data Loggers
Products:
• GPS Vehicle Tracking • Video Conference System • SMS Solutions • Mobile ATMs • Fire, Intrusion Detection Systems • Access Control System • Home Security Systems • Building Management Systems
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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