SPEL Semiconductor Ltd - Stock Valuation and Financial Performance

BSE: 517166 | NSE: SPICELEC | Electronics - Components | Small Cap

SPEL Semiconductor Share Price

157.35 -3.20 -1.99%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on SPEL Semiconductor

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

SPEL Semiconductor stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
725.7 Cr.
52-wk low:
52.2
52-wk high:
268.4

Is SPEL Semiconductor Ltd an attractive stock to invest in?

1. Is SPEL Semiconductor Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that SPEL Semiconductor Ltd is a below average quality company.

2. Is SPEL Semiconductor Ltd undervalued or overvalued?

The key valuation ratios of SPEL Semiconductor Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is SPEL Semiconductor Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SPEL Semiconductor Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SPEL Semiconductor:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SPEL Semiconductor Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 3.7%-26.2%-8.2%-5.8%-7.7%2.7%-7%-11.1%-2.4%-20%-
Value Creation
Index
-0.7-2.9-1.6-1.4-1.6-0.8-1.5-1.8-1.2-2.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 47.225.935.741.726.336.515.915.711.2128
Sales YoY Gr.--45.2%38%16.8%-36.8%38.7%-56.4%-1.7%-28.7%7.5%-
Adj EPS -0.1-4.1-5.1-1.8-2.31.2-1.5-1.70.7-2.1-3.7
YoY Gr.-NANANANANA-217.9%NANA-387.7%-
BVPS (₹) 14.410.110.518.916.817.115.61310.77.25.4
Adj Net
Profit
-0.6-19-23.6-8.2-10.75.7-6.7-7.93.4-9.7-17
Cash Flow from Ops. 5.8000000-2.4-3.2-8.8-
Debt/CF from Ops. 4.7000000-13.2-7.8-3.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -14.1%-14.6%-9%7.5%
Adj EPS NANANA-387.7%
BVPS-7.5%-15.7%-22.9%-33.2%
Share Price 25.2% 109.6% 94% 196%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-0.7-24.6-37.5-11.3-13.17.3-8.8-11.96.2-23.5-59.6
Op. Profit
Mgn %
26.1-36.9-3.6-6.7-29.916.4-35.3-10.838.3-17-43.4
Net Profit
Mgn %
-1.3-73.5-66-19.8-40.815.5-41.9-50.330.2-80.8-210.6
Debt to
Equity
0.40.40.60.30.30.40.40.50.50.80.9
Working Cap
Days
3136204643995825271,3531,3821,9631,4471,704
Cash Conv.
Cycle
192491211-10-127147711,0801,7131,254-41

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.84

Return on Equity is Poor

Sales growth has been subdued in last 3 years -8.99%

Sales growth is not so good in last 4 quarters at -33.85%

Latest Financials - SPEL Semiconductor Ltd.

Standalone Consolidated
TTM EPS (₹) -3.7 -1.9
TTM Sales (₹ Cr.) 8.2 35.7
BVPS (₹.) 5.4 0
Reserves (₹ Cr.) -21 2
P/BV 29.21 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 52.20 / 268.40
All Time Low / High (₹) 1.50 / 268.40
Market Cap (₹ Cr.) 726
Equity (₹ Cr.) 46.1
Face Value (₹) 10
Industry PE 187

Management X-Ray of SPEL Semiconductor:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SPEL Semiconductor

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales47263642263716161112
Operating Expenses 3535374434312217715
Manufacturing Costs8000000034
Material Costs510131610954-65
Employee Cost 1614131413117774
Other Costs 5111114121110732
Operating Profit 12-10-1-3-86-6-24-3
Operating Profit Margin (%) 26.1%-36.9%-3.5%-6.7%-29.9%16.4%-35.3%-10.8%35.3%-20.8%
Other Income 1122525172
Interest 4333311133
Depreciation 101176554543
Exceptional Items 0-11100-3-6-9-10
Profit Before Tax 0-24-8-8-111-8-12-5-16
Tax 0-4000000-10
Profit After Tax 0-20-9-8-111-9-12-3-17
PAT Margin (%) -0.7%-76.6%-24.6%-20.3%-40.8%2.9%-54.2%-75.7%-27.7%-139.0%
Adjusted EPS (₹)-0.1-4.3-1.9-1.8-2.30.2-1.9-2.6-0.7-3.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 87675887787972605033
Share Capital 46464646464646464646
Reserves 41211241313326143-13
Minority Interest0000000000
Debt20162825222830312527
Long Term Debt1001313141618261920
Short Term Debt1016151291112658
Trade Payables9101318161891165
Others Liabilities 28372440485855758381
Total Liabilities 144130123170163182166177164146

Fixed Assets

Gross Block1921921801261221171131126462
Accumulated Depreciation94104111000003536
Net Fixed Assets9887691261221171131122926
CWIP 0000000000
Investments 0000000000
Inventories343412441111125137
Trade Receivables64152432404921
Cash Equivalents 1161000000
Others Assets5520373222348281
Total Assets 144130123170163182166177164146

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 6000000-2-3-9
PBT 0000000-12-3-17
Adjustment 13000000945
Changes in Working Capital -70000000-43
Tax Paid 0000000000
Cash Flow From Investing Activity 00000001129
Capex 0000000000
Net Investments 0000000000
Others 10000001129
Cash Flow From Financing Activity -60000001-80
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -5000000000
Interest Paid -30000000-2-3
Dividend Paid 0000000000
Others 20000001-63
Net Cash Flow 0000000000
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-0.53-34.92-18.47-12.52-13.051.35-11.43-17.96-5.65-40.66
ROCE (%)3.72-26.24-8.24-5.77-7.712.69-6.98-11.07-2.36-20.01
Asset Turnover Ratio0.330.190.280.280.160.210.090.090.070.08
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A0N/AN/AN/AN/A
Working Capital Days
Receivable Days58679977451828301,03882546
Inventory Days2124792367360752432621,0211,335
Payable Days621332314345637688987981-510416

SPEL Semiconductor Ltd Stock News

SPEL Semiconductor Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SPEL Semiconductor on 21-Nov-2024 16:59 is ₹157.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of SPEL Semiconductor stood at ₹725.7.
The latest P/E ratio of SPEL Semiconductor as of 21-Nov-2024 16:59 is 0.00.
The latest P/B ratio of SPEL Semiconductor as of 21-Nov-2024 16:59 is 29.21.
The 52-week high of SPEL Semiconductor is ₹268.4 and the 52-week low is ₹52.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SPEL Semiconductor is ₹8.19 ( Cr.) .

About SPEL Semiconductor Ltd

SPEL Semiconductor established in 1988 is India’s first & only semiconductor IC assembly & test facility. SPEL pioneered the outsourced Semiconductor Assembly & Test Services (OSAT) market in India and continues to steadily do so. SPEL is a trusted & strategic contract manufacturing partner for many of the world's leading Semiconductor companies.

SPEL provides full turnkey solutions that include Wafer sort, Assembly, Test and Drop-shipment services which help Customers accelerate time-to-revenue for their new products. SPEL also offers value added services such as package design, failure analysis and full reliability test, test program development & product characterization.

SPEL initially supplied to the domestic market. SPEL soon acquired the expertise to serve the global market. SPEL’s Customers are some of the biggest Integrated Device Manufacturers (IDMs) and Fabless Companies in the United States and Asia. SPEL offers Packaging Technology for Semiconductors used in diverse end-market applications including communications, consumer electronics and computing.

Quality at SPEL is the means to customer satisfaction. This is achieved by thoroughly understanding and satisfying the needs of its customers in every product or service they offer. Quality is built into the design, selection and management of products & services to deliver the required performance at the least possible cost. Quality control at SPEL is a process of maintaining standards and not creating them. Deming's PDCA cycle is the role model followed for all activities relating to quality control and quality improvement.

Having established a track record at home, SPEL turned its attention to the more demanding global market in 1995. It has since been exclusively serving the Silicon Valley and other parts of the world for over 12 years now. SPEL focuses on Lead frame based Packages - both Surface mount & Through hole. As a specialty, SPEL offers onsite & offshore Test Engineering support to Customers. SPEL ensures better interaction & services to Customers through a Sales & Technical support office based at Santa Clara, USA.

Services offered by the company:

  • It offers turnkey wafer sort, and IC assembly and test services, as well as failure analysis services.
  • It offers onsite & offshore test engineering support

Achievements/ recognition:

  • ISO 9001:2000 Certificate
  • ISO / TS 16949 - Second edition.
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