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Span Divergent Overview

Span Divergent Ltd. is an India-based specialty engineering and manufacturing company engaged in producing precision-engineered components, assemblies, and solutions for sectors such as automotive, electrical, electronics, and industrial equipment. The company focuses on delivering high-quality, customized products through advanced manufacturing processes, including CNC machining, stamping, and fabrication, ensuring adherence to international quality and safety standards. Span Divergent operates with an asset-light yet technology-driven model, ...Read More

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Span Divergent Key Financials

Market Cap ₹27 Cr.

Stock P/E -20.9

P/B 17.9

Current Price ₹36.7

Book Value ₹ 2.1

Face Value 10

52W High ₹36.7

Dividend Yield 0%

52W Low ₹ 19

Span Divergent Share Price

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Volume
Price

Span Divergent Quarterly Price

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Span Divergent Peer Comparison

Span Divergent Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 3 3 3 4 3 2 1 1 8 4
Other Income 1 0 1 0 0 0 0 1 0 0
Total Income 3 3 4 4 3 2 1 2 8 4
Total Expenditure 3 3 3 3 3 2 1 2 8 5
Operating Profit 0 1 1 0 0 0 -1 0 0 -1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 0 1 0 0 -0 -1 -0 -0 -1
Provision for Tax 0 0 -0 0 0 0 0 0 0 0
Profit After Tax -0 0 1 -0 0 -0 -1 -0 -0 -1
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 0 1 -0 0 -0 -1 -0 -0 -1
Adjusted Earnings Per Share -0.5 0.2 1.7 -0 0.2 -0.3 -1.6 -0.2 -0.2 -1.8

Span Divergent 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
Net Sales 76 0 3 15 24 9 7 13 13 12 9 14
Other Income 2 3 4 3 1 2 2 3 1 2 1 1
Total Income 78 3 7 18 25 12 9 16 13 14 10 15
Total Expenditure 74 5 8 25 31 15 10 14 11 11 10 16
Operating Profit 3 -3 -1 -7 -6 -3 -0 2 2 3 1 -2
Interest 4 0 0 2 2 2 2 1 1 1 1 0
Depreciation 6 0 1 3 4 3 3 2 2 2 1 0
Exceptional Income / Expenses 52 7 0 -1 -2 -1 -1 -9 -4 0 0 0
Profit Before Tax 45 5 -2 -12 -13 -9 -6 -10 -6 1 -1 -2
Provision for Tax 6 1 0 0 1 -1 0 -0 -0 0 0 0
Profit After Tax 39 3 -3 -12 -14 -9 -6 -10 -5 1 -1 -2
Adjustments 0 0 0 0 2 1 1 0 0 0 0 0
Profit After Adjustments 39 3 -3 -12 -12 -8 -6 -10 -5 1 -1 -2
Adjusted Earnings Per Share 53.6 6.1 -4.8 -22.9 -22.3 -14.2 -10.2 -17.9 -9.3 1.8 -1.7 -3.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -25% -12% 0% -19%
Operating Profit CAGR -67% -21% 0% -10%
PAT CAGR -200% 0% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 58% 33% 20% -6%
ROE Average 0% 0% -37% -19%
ROCE Average -8% -10% -18% -6%

Span Divergent 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 62 50 49 36 25 18 12 2 -3 -2 -3
Minority's Interest 0 0 0 0 -3 -4 -5 -5 -6 -6 -6
Borrowings 0 0 7 9 7 8 11 6 5 3 2
Other Non-Current Liabilities 0 0 0 1 1 3 2 2 1 1 1
Total Current Liabilities 4 0 9 18 19 15 14 23 28 27 28
Total Liabilities 66 51 65 63 49 39 34 28 25 24 23
Fixed Assets 2 2 8 26 23 20 17 15 13 11 10
Other Non-Current Assets 10 11 20 1 1 1 1 1 1 1 0
Total Current Assets 54 38 37 36 25 18 16 12 12 12 12
Total Assets 66 51 65 63 49 39 34 28 25 24 23

Span Divergent 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 1 8 4 5 2 2 0 1 0 0 1
Cash Flow from Operating Activities 61 -7 -5 -12 -7 -0 -0 7 2 3 2
Cash Flow from Investing Activities -12 13 -6 1 10 6 2 -2 1 0 -1
Cash Flow from Financing Activities -42 -12 13 7 -3 -7 -1 -5 -2 -2 -1
Net Cash Inflow / Outflow 7 -6 2 -4 0 -2 0 -1 0 1 -0
Closing Cash & Cash Equivalent 8 2 5 2 2 0 1 0 0 1 1

Span Divergent 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) 53.58 6.06 -4.78 -22.88 -22.29 -14.23 -10.23 -17.94 -9.25 1.79 -1.68
CEPS(Rs) 61.77 6.33 -3.28 -18.12 -19.1 -9.45 -5.59 -14.62 -5.96 4.44 -0.34
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 84.78 91.86 88.93 66.05 46.38 32.2 22.01 4.07 -5.2 -3.46 -5.14
Core EBITDA Margin(%) 1.52 0 -191.6 -72.66 -30.15 -61.56 -30.32 -9.76 8.79 8.62 -7.09
EBIT Margin(%) 64.05 0 -79.64 -72.86 -48 -77.48 -61.18 -70.96 -36.08 12.33 -5.34
Pre Tax Margin(%) 58.32 0 -86.47 -84.55 -55.82 -98.74 -82.51 -79.23 -44.08 6.48 -12.09
PAT Margin (%) 50.78 0 -90.93 -85.76 -58.23 -91.82 -83.21 -77.57 -43.29 6.33 -14.22
Cash Profit Margin (%) 58.55 0 -62.37 -67.92 -43.22 -55.03 -41.24 -61.02 -25.99 19.66 -2.07
ROA(%) 50.2 5.63 -4.53 -19.54 -24.98 -19.44 -16.73 -32.78 -20.51 3.19 -5.47
ROE(%) 92.48 5.87 -5.29 -29.53 -45.78 -40.14 -41.61 -142.6 0 0 0
ROCE(%) 80.49 8.14 -4.08 -17.56 -21.68 -17.85 -14.67 -44.86 -43.9 22.04 -8.02
Receivable days 45.14 0 8.73 29.84 28.98 47.98 61.57 42.7 50.64 51.11 59.91
Inventory Days 41.57 0 172.34 61.44 46.49 72.19 42.57 33.37 49.28 41.25 44.43
Payable days 97.46 0 45.94 24.84 20.25 62.96 270.05 172.38 472.68 474.89 383.03
PER(x) 1 10.52 0 0 0 0 0 0 0 9.57 0
Price/Book(x) 0.63 0.69 0.63 0.59 0.6 0.41 0.57 3.02 -2.56 -4.95 -5.59
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.39 0 13.35 2.93 1.48 2.45 2.97 1.36 1.34 1.38 2.53
EV/Core EBITDA(x) 9.01 -11.9 -26.14 -5.79 -5.82 -7 -70.39 8.66 9.57 5.52 41.05
Net Sales Growth(%) -6.05 -100 0 407.29 65.66 -61.15 -21.08 76.82 -4.3 -1.53 -27.35
EBIT Growth(%) 0 -90.7 -150.03 -364.12 -9.13 37.28 37.69 -105.09 51.34 133.66 -131.47
PAT Growth(%) 721.04 -91.58 -179.61 -378.44 -12.48 38.73 28.49 -64.85 46.59 114.4 -263.17
EPS Growth(%) 715.83 -88.7 -178.97 -378.44 2.57 36.18 28.11 -75.45 48.42 119.3 -194.03
Debt/Equity(x) 0.01 0 0.27 0.64 0.88 0.92 1.32 5.08 -3.5 -4.55 -2.87
Current Ratio(x) 14.07 127.59 4.06 2.01 1.32 1.17 1.15 0.52 0.42 0.45 0.44
Quick Ratio(x) 14.01 127.59 3.91 1.81 1.18 1.09 1.11 0.44 0.36 0.4 0.41
Interest Cover(x) 11.19 164.69 -11.66 -6.23 -6.14 -3.64 -2.87 -8.58 -4.51 2.11 -0.79
Total Debt/Mcap(x) 0.01 0.01 0.43 1.09 1.46 2.24 2.3 1.68 1.37 0.92 0.51

Span Divergent Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 64.01 64.01 64.01 64.01 64 64 64 64 64 48.13
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 35.99 35.99 35.99 35.99 36 36 36 36 36 51.87
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Span Divergent News

Span Divergent Pros & Cons

Pros

  • Debtor days have improved from 474.89 to 383.03days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 48.13%.
  • Company has a low return on equity of 0% over the last 3 years.
  • Stock is trading at 17.9 times its book value.
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