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Spa Capital Serv Overview

SPA Capital Services Ltd. is an Indian non-banking financial company (NBFC) engaged in providing a range of financial services, including lending, investment, and advisory solutions. The company offers credit facilities, structured financing, and investment management services to individuals, businesses, and institutional clients. SPA Capital Services Ltd. focuses on prudent risk assessment, regulatory compliance, and delivering customized financial solutions to support client growth and financial stability. Its operations aim to facilitate wo...Read More

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Spa Capital Serv Key Financials

Market Cap ₹64 Cr.

Stock P/E 129.9

P/B 3.7

Current Price ₹209

Book Value ₹ 56.6

Face Value 10

52W High ₹238

Dividend Yield 0%

52W Low ₹ 108.5

Spa Capital Serv Share Price

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Volume
Price

Spa Capital Serv Quarterly Price

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Spa Capital Serv Peer Comparison

Spa Capital Serv Quarterly Results

#(Fig in Cr.) Sep 2019 Dec 2019 Sep 2020 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Operating Revenue 8 7 8 4 9 6 14 11 9 8
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 8 7 8 4 9 6 14 11 9 8
Total Expenditure 6 7 7 4 9 6 14 10 9 8
Operating Profit 2 1 0 0 0 0 1 0 0 0
Interest Expense 1 1 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 0 0 0 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 0 0 0 0 0 0 0 0 0
Adjustments 0 0 -0 -0 0 0 -0 0 0 0
Profit After Adjustments 0 0 0 0 0 0 0 0 0 0
Adjusted Earnings Per Share 1.4 0.2 0.1 0.3 0.5 0.4 0.4 0.6 0 0.7

Spa Capital Serv Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Operating Revenue 243 147 100 87 96 33 31 16 17 21 33 42
Other Income 0 0 0 0 3 0 0 0 0 0 0 0
Total Income 244 147 100 87 99 33 31 16 17 21 33 42
Total Expenditure 239 144 97 82 95 31 31 15 16 20 32 41
Operating Profit 4 3 3 4 4 2 0 1 1 1 1 1
Interest Expense 1 1 1 2 2 1 1 0 0 0 0 0
Depreciation 1 1 1 1 0 0 0 0 0 0 0 0
Profit Before Tax 2 1 2 2 1 1 -1 0 0 0 1 0
Provision for Tax 1 1 1 1 1 1 -0 0 0 -0 0 0
Profit After Tax 2 1 1 1 1 0 -0 0 0 0 0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 1 1 1 1 0 -0 0 0 0 0 0
Adjusted Earnings Per Share 5.1 2.8 3.8 4.5 1.9 0.5 -1.6 0.7 0.9 1.2 1.6 1.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 57% 27% 0% -18%
Operating Profit CAGR 0% 0% -13% -13%
PAT CAGR 0% 0% 0% -100%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 27% NA% NA% NA%
ROE Average 3% 2% 1% 4%
ROCE Average 3% 2% 2% 6%

Spa Capital Serv Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 14 14 16 17 17 16 16 16 16 17 17
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 10 1 3 2 11 24 22 22 20 22 18
Current Liability 8 19 12 34 31 16 6 3 6 4 5
Other Liabilities & Provisions 0 0 0 1 1 1 0 0 0 -0 0
Total Liabilities 31 35 31 54 59 57 43 42 42 43 41
Loans 0 0 0 0 0 0 0 0 0 15 12
Investments 5 5 5 5 5 5 5 5 4 10 3
Fixed Assets 2 3 2 2 2 1 1 1 0 1 2
Other Loans 2 2 1 1 44 46 35 34 35 1 1
Other Non Current Assets 0 0 0 0 3 2 0 0 0 0 0
Current Assets 22 25 23 46 6 3 3 2 2 17 23
Total Assets 31 35 31 54 59 57 43 42 42 43 41

Spa Capital Serv Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 1 1 0 0 0 0 0 0
Cash Flow from Operating Activities 1 5 -4 -18 -1 -12 5 0 2 3 -3
Cash Flow from Investing Activities -0 -1 1 -0 -1 1 0 -0 -0 -6 6
Cash Flow from Financing Activities -1 -4 3 17 2 11 -5 0 -2 2 -3
Net Cash Inflow / Outflow 0 1 -1 -0 -0 -0 -0 -0 -0 -0 0
Closing Cash & Cash Equivalent 1 1 1 1 0 0 0 0 0 0 0

Spa Capital Serv Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.1 2.76 3.78 4.52 1.86 0.51 -1.61 0.75 0.89 1.24 1.61
CEPS(Rs) 7.31 4.92 5.71 6.15 3.36 1.8 -0.58 1.41 1.43 1.67 2.21
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 43.93 46.7 50.48 54.86 56.17 53.63 50.82 51.57 52.45 53.69 55.3
Net Profit Margin 0.64 0.58 1.16 1.6 0.6 0.48 -1.6 1.41 1.65 1.8 1.5
Operating Margin 1.45 1.82 2.66 4.54 3.27 5.25 -0.65 4.87 4 2.75 3.71
PBT Margin 0.89 0.96 1.67 2.41 1.14 2.11 -2.3 2.1 2.09 0.91 2.44
ROA(%) 5.02 2.58 3.55 3.26 1.01 0.27 -0.98 0.54 0.66 0.9 1.19
ROE(%) 12.14 6.1 7.78 8.58 3.36 0.94 -3.08 1.46 1.71 2.33 2.95
ROCE(%) 15.16 11.38 10.52 10.35 7.87 4.69 -0.5 2.04 1.71 1.47 3.06
Price/Earnings(x) 0 0 0 0 0 0 0 0 0 0 103.08
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 3
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.04 0.05 0.12 0.39 0.18 0.86 0.84 1.62 1.49 1.3 2.2
EV/Core EBITDA(x) 2.48 2.33 3.72 7.66 4.59 13.3 227.37 26.51 29.65 35.3 51.59
Interest Earned Growth(%) -38.32 -39.69 -32.02 -13.33 10.73 -65.91 -5.44 -46.98 1.12 27.3 56.27
Net Profit Growth 53.19 -45.77 36.81 19.45 -58.71 -72.47 -412.85 146.69 18.61 39.02 30.1
EPS Growth(%) 53.19 -45.77 36.81 19.45 -58.71 -72.47 -412.86 146.69 18.6 39.02 30.1
Interest Coverage(x) % 2.58 2.11 2.7 2.13 1.54 1.67 -0.39 1.76 2.1 1.49 2.93

Spa Capital Serv Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 68.74 68.74 68.74 68.74 68.74 68.74 68.74 68.74 68.74 68.74
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 31.26 31.26 31.26 31.26 31.26 31.26 31.26 31.26 31.26 31.26
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Spa Capital Serv News

Spa Capital Serv Pros & Cons

Pros

  • Debtor days have improved from 100.7 to 19.86days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 2% over the last 3 years.
  • Stock is trading at 3.7 times its book value.
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