Span Divergent

₹18.6 -0.2 | 1.3%

WEBSITE BSE:524727 NSE : SDL 17 May, 10:15

Market Cap ₹10 Cr.

Stock P/E 10.4

P/B -4.9

Current Price ₹18.6

Book Value ₹ -3.8

Face Value 10

52W High ₹18.8

Dividend Yield 0%

52W Low ₹ 8.8

Edit Ratio

Span Divergent Research see more...

Overview Inc. Year: 1980Industry: Chemicals

Span Divergent Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Span Divergent Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	3	3	3	3	3	3	3	3	3	3
Other Income	0	0	0	0	0	0	0	1	0	1
Total Income	3	3	3	3	3	4	4	3	3	4
Total Expenditure	3	3	2	3	3	3	3	3	3	3
Operating Profit	0	0	1	0	0	0	1	0	1	1
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	0	0	0	0
Exceptional Income / Expenses	0	-9	0	-1	0	-3	0	0	0	0
Profit Before Tax	-0	-10	-0	-2	-0	-4	0	-0	0	1
Provision for Tax	-0	-0	-0	-0	-0	-0	-0	0	0	-0
Profit After Tax	-0	-9	0	-2	-0	-4	0	-0	0	1
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-0	-9	0	-2	-0	-4	0	-0	0	1
Adjusted Earnings Per Share	-0.6	-17.2	0.2	-2.8	-0.2	-6.4	0.4	-0.5	0.2	1.7

Span Divergent Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	81	80	76	0	3	15	24	9	7	13	13	12
Other Income	1	1	2	3	4	3	1	2	2	3	1	2
Total Income	82	81	78	3	7	18	25	12	9	16	13	14
Total Expenditure	73	77	74	5	8	25	31	15	10	14	11	12
Operating Profit	9	4	3	-3	-1	-7	-6	-3	-0	2	2	3
Interest	4	4	4	0	0	2	2	2	2	1	1	0
Depreciation	3	5	6	0	1	3	4	3	3	2	2	0
Exceptional Income / Expenses	0	0	52	7	0	-1	-2	-1	-1	-9	-4	0
Profit Before Tax	2	-5	45	5	-2	-12	-13	-9	-6	-10	-6	1
Provision for Tax	1	1	6	1	0	0	1	-1	0	-0	-0	0
Profit After Tax	0	-6	39	3	-3	-12	-14	-9	-6	-10	-5	1
Adjustments	-0	-0	0	0	0	0	2	1	1	0	0	0
Profit After Adjustments	0	-6	39	3	-3	-12	-12	-8	-6	-10	-5	1
Adjusted Earnings Per Share	0.4	-8.7	53.6	6.1	-4.8	-22.9	-22.3	-14.2	-10.2	-17.9	-9.3	1.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	13%	-3%	-17%
Operating Profit CAGR	0%	0%	0%	-14%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	13%	11%	-8%	-7%
ROE Average	0%	-61%	-54%	-21%
ROCE Average	-44%	-34%	-29%	-6%

Span Divergent Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	29	23	62	50	49	36	25	18	12	2	-3
Minority's Interest	0	0	0	0	0	0	-3	-4	-5	-5	-6
Borrowings	14	9	0	0	7	9	7	8	11	6	5
Other Non-Current Liabilities	4	5	0	0	0	1	1	3	2	2	1
Total Current Liabilities	42	53	4	0	9	18	19	15	14	23	28
Total Liabilities	89	90	66	51	65	63	49	39	34	28	25
Fixed Assets	37	41	2	2	8	26	23	20	17	15	13
Other Non-Current Assets	12	6	10	11	20	1	1	1	1	1	1
Total Current Assets	41	42	54	38	37	36	25	18	16	12	12
Total Assets	89	90	66	51	65	63	49	39	34	28	25

Span Divergent Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	2	1	8	4	5	2	2	0	1	0
Cash Flow from Operating Activities	8	8	61	-7	-5	-12	-7	-0	-0	7	2
Cash Flow from Investing Activities	-13	-5	-12	13	-6	1	10	6	2	-2	1
Cash Flow from Financing Activities	4	-4	-42	-12	13	7	-3	-7	-1	-5	-2
Net Cash Inflow / Outflow	-0	-0	7	-6	2	-4	0	-2	0	-1	0
Closing Cash & Cash Equivalent	2	1	8	2	5	2	2	0	1	0	0

Span Divergent Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.43	-8.7	53.58	6.06	-4.78	-22.88	-22.29	-14.23	-10.23	-17.94	-9.25
CEPS(Rs)	4.75	-1.96	61.77	6.33	-3.28	-18.12	-19.1	-9.45	-5.59	-14.62	-5.96
DPS(Rs)	0.5	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	39.94	31.1	84.78	91.86	88.93	66.05	46.38	32.2	22.01	4.07	-5.2
Core EBITDA Margin(%)	9.19	4.72	1.52	0	-191.6	-72.66	-30.15	-61.56	-30.32	-9.76	8.78
EBIT Margin(%)	6.61	-0.49	64.05	0	-79.64	-72.86	-48	-77.48	-61.18	-70.96	-36.08
Pre Tax Margin(%)	2.03	-5.86	58.32	0	-86.47	-84.55	-55.82	-98.74	-82.51	-79.23	-44.08
PAT Margin (%)	0.4	-7.64	50.78	0	-90.93	-85.76	-58.23	-91.82	-83.21	-77.57	-43.29
Cash Profit Margin (%)	4.19	-1.74	58.55	0	-62.37	-67.92	-43.22	-55.03	-41.24	-61.02	-25.99
ROA(%)	0.4	-7.03	50.2	5.63	-4.53	-19.54	-24.98	-19.44	-16.73	-32.78	-20.51
ROE(%)	1.14	-24.29	92.48	5.87	-5.29	-29.53	-45.78	-40.14	-41.61	-142.6	0
ROCE(%)	8.89	-0.64	80.49	8.14	-4.08	-17.56	-21.68	-17.85	-14.67	-44.86	-43.9
Receivable days	73.78	84.89	45.14	0	8.73	29.84	28.98	47.98	61.57	42.7	50.64
Inventory Days	68.94	69.97	41.57	0	172.34	61.44	46.49	72.19	42.57	33.37	49.28
Payable days	113.24	150.98	97.46	0	45.94	24.84	20.25	62.96	270.05	172.38	472.68
PER(x)	76.8	0	1	10.52	0	0	0	0	0	0	0
Price/Book(x)	0.82	1.22	0.63	0.69	0.63	0.59	0.6	0.41	0.57	3.02	-2.56
Dividend Yield(%)	1.52	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.7	0.76	0.39	0	13.35	2.93	1.48	2.45	2.97	1.36	1.34
EV/Core EBITDA(x)	6.63	13.8	9.01	-11.9	-26.14	-5.79	-5.82	-7	-70.39	8.66	9.57
Net Sales Growth(%)	34.9	-0.31	-6.05	-100	0	407.29	65.66	-61.15	-21.08	76.82	-4.3
EBIT Growth(%)	3.47	-107.4	0	-90.7	-150.03	-364.12	-9.13	37.28	37.69	-105.09	51.34
PAT Growth(%)	-68	-1986.71	721.04	-91.58	-179.61	-378.44	-12.48	38.73	28.49	-64.85	46.59
EPS Growth(%)	-69.8	-2131.06	715.83	-88.7	-178.97	-378.44	2.57	36.18	28.11	-75.45	48.42
Debt/Equity(x)	1.26	1.66	0.01	0	0.27	0.64	0.88	0.92	1.32	5.08	-3.5
Current Ratio(x)	0.96	0.79	14.07	127.59	4.06	2.01	1.32	1.17	1.15	0.52	0.42
Quick Ratio(x)	0.62	0.46	14.01	127.59	3.91	1.81	1.18	1.09	1.11	0.44	0.36
Interest Cover(x)	1.44	-0.09	11.19	164.69	-11.66	-6.23	-6.14	-3.64	-2.87	-8.58	-4.51
Total Debt/Mcap(x)	1.53	1.36	0.01	0.01	0.43	1.09	1.46	2.24	2.3	1.68	1.36

Span Divergent Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	64.13	64.14	64.14	64.06	64.01	64.01	64.01	64.01	64.01	64.01
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	35.87	35.86	35.86	35.94	35.99	35.99	35.99	35.99	35.99	35.99
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Others	0	0	0	0	0	0	0	0	0	0
Total	0.55	0.55	0.55	0.55	0.55	0.55	0.55	0.55	0.55	0.55

Pros

Stock is trading at -4.9 times its book value
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of -61% over the last 3 years.
Debtor days have increased from 172.38 to 472.68days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.