Electric Equipment · Founded 1989 · www.sparcelectrex.com · BSE 531370 · · ISIN INE960B01015
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Business
Sparc Electrex Ltd. operates within the Electric Equipment sector in India. As an electric equipment company, its core business likely involves the manufacturing, assembly, and/or distribution of various electrical components, systems, or products. This could range from industrial electrical machinery, power distribution equipment, control panels, wiring solutions, to potentially components for emerging areas like electric vehicles (EVs) or renewable energy infrastructure. The company makes money through the sale of these products and services to a diverse customer base, which may include other businesses (B2B), government entities, or direct consumers, depending on its specific product portfolio.
Revenue Mix
Specific revenue segmentation for Sparc Electrex Ltd. is not publicly available without detailed financial reports. However, based on the general electric equipment industry, potential segments could include:
Industrial Electricals: Components, systems, and equipment for manufacturing, process industries, and infrastructure projects.
Power Distribution & Transmission: Products like transformers, switchgear, cables, and control systems.
Consumer Electricals: (If applicable) Appliances, lighting, or home electrical components.
New Energy Solutions: Components or systems for electric vehicles, solar power, or smart grids.
Without specific data, it is not possible to detail the contribution of each segment.
Industry
The Indian Electric Equipment industry is diverse, growing, and driven by significant investments in infrastructure, industrialization, urbanization, and the push towards renewable energy and electric mobility. It includes both large, established players (domestic and international) and numerous smaller, specialized companies. The industry is characterized by varying levels of technology adoption, from basic manufacturing to advanced R&D for smart grids and EV components. Sparc Electrex Ltd. positions itself as a participant in this dynamic market, likely competing through product quality, cost-effectiveness, specific technological expertise, or a focused customer segment, within a market that is fragmented in many areas but consolidating in others.
MOAT
Without specific details, Sparc Electrex's competitive advantages are likely to be built around:
Operational Efficiency/Cost Leadership: Ability to manufacture products at competitive costs due to efficient processes or sourcing.
Niche Specialization: Expertise in a particular type of electrical equipment or a specific application area that is less crowded.
Customer Relationships: Strong, long-standing relationships with key industrial clients or distributors.
Local Distribution Network: An effective sales and service network within specific geographic regions of India.
Product Quality/Reliability: Reputation for producing durable and reliable electrical components or systems.
It is unlikely to possess a global brand moat or significant network effects, typical of larger, more diversified players.
Growth Drivers
Key factors that can drive growth for Sparc Electrex over the next 3-5 years include:
Infrastructure Development: Government and private sector investments in power generation, transmission, distribution, smart cities, and industrial corridors.
"Make in India" Initiative: Government policies promoting domestic manufacturing and reducing reliance on imports.
Electrification of Transportation (EVs): Growing demand for electric vehicles and their associated charging infrastructure, creating new opportunities for electrical component suppliers.
Renewable Energy Transition: Expansion of solar, wind, and other renewable energy sources requiring new electrical components and grid integration solutions.
Industrial Automation: Increasing adoption of automation in industries, requiring specialized electrical control systems and components.
Risks
Key business risks for Sparc Electrex Ltd. include:
Raw Material Price Volatility: Fluctuations in prices of key inputs like copper, steel, and other metals can impact manufacturing costs and profitability.
Intense Competition: The electric equipment market in India is highly competitive with numerous domestic and international players.
Technological Obsolescence: Rapid advancements in electrical technology, especially in areas like smart grids and EVs, could render existing products or manufacturing processes obsolete.
Economic Slowdown: A general economic downturn in India could lead to reduced industrial activity and infrastructure spending, impacting demand.
Regulatory Changes: Changes in government policies related to manufacturing, trade, energy, or environmental standards could affect operations and costs.
Supply Chain Disruptions: Global or domestic supply chain issues can impact production schedules and costs.
Management & Ownership
Details regarding the specific promoters and management quality of Sparc Electrex Ltd. are not readily available in public domain information. In India, many companies are promoter-driven, where the founding families or individuals hold significant stakes and often play a direct role in management. The quality of management, including their experience, strategic vision, and corporate governance practices, is crucial for the company's long-term success and ability to navigate industry challenges. Ownership structure typically involves the promoter group holding a significant stake, with the remaining shares held by institutional investors, retail investors, and other entities.
Outlook
Sparc Electrex Ltd. operates in a sector poised for significant growth in India, driven by the country's economic expansion, infrastructure push, and ambitious energy transition goals (including renewables and EVs). This presents substantial opportunities for companies capable of innovating, maintaining cost efficiency, and adapting to technological changes. However, the company also faces notable challenges, including intense competition from established domestic and international players, potential volatility in raw material prices, and the need to continuously invest in technology to avoid obsolescence. Its future performance will largely depend on its ability to carve out and maintain niche advantages, manage operational costs effectively, and align its product portfolio with evolving market demands and regulatory frameworks within the dynamic Indian electric equipment landscape.
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| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 4 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Total Expenditure | 4 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 3 | 0 |
| Operating Profit | 0 | 0 | 0 | 0 | -2 | -1 | -0 | -1 | -3 | -0 |
| 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 | 0 | 0 | -2 | -1 | -0 | -1 | -3 | -0 |
| Provision for Tax | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Tax | -0 | 0 | 0 | 0 | -2 | -1 | -0 | -1 | -3 | -0 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | 0 | 0 | 0 | -2 | -1 | -0 | -1 | -3 | -0 |
| Adjusted Earnings Per Share | -0 | 0 | 0 | 0.1 | -0.8 | -0.3 | -0 | -0.8 | -1.4 | -0 |
| #(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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 5 | 7 | 4 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 5 | 7 | 4 | 1 |
| Total Expenditure | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 13 | 4 | 7 | 5 | 5 |
| Operating Profit | -1 | -0 | -0 | -0 | 0 | -0 | -2 | 2 | 1 | 1 | -1 | -4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -1 | -0 | -0 | -0 | 0 | -0 | -2 | 2 | 1 | 0 | -2 | -4 |
| Provision for Tax | -0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1 | -0 | -0 | -0 | 0 | -0 | -2 | 2 | 1 | 0 | -2 | -4 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -1 | -0 | -0 | -0 | 0 | -0 | -2 | 2 | 1 | 0 | -2 | -4 |
| Adjusted Earnings Per Share | -1.2 | -0.2 | -0.1 | -0 | 0.2 | -0 | -3.7 | 3.9 | 1.4 | 0.1 | -0.8 | -2.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -43% | -32% | 0% | 0% |
| Operating Profit CAGR | -200% | NAN% | 0% | 0% |
| PAT CAGR | 0% | NAN% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -28% | -47% | -15% | 5% |
| ROE Average | -9% | 3% | 3% | -1% |
| ROCE Average | -8% | 3% | -2% | -3% |
| #(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 | 4 | 3 | 3 | 3 | 3 | 3 | 1 | 4 | 4 | 16 | 17 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Other Non-Current Liabilities | -0 | 0 | 0 | 0 | -0 | -0 | 2 | 2 | 2 | 2 | 2 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 6 | 3 | 4 |
| Total Liabilities | 4 | 4 | 3 | 3 | 4 | 3 | 4 | 10 | 12 | 22 | 24 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Other Non-Current Assets | 2 | 1 | 2 | 0 | 0 | 2 | 2 | 4 | 4 | 4 | 4 |
| Total Current Assets | 2 | 2 | 2 | 3 | 3 | 1 | 1 | 5 | 7 | 17 | 19 |
| Total Assets | 4 | 4 | 3 | 3 | 4 | 3 | 4 | 10 | 12 | 22 | 24 |
| #(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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 |
| Cash Flow from Operating Activities | 0 | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -1 | -9 | -3 |
| Cash Flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| Cash Flow from Financing Activities | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 10 | 2 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | -0 | 0 | -0 | -0 | 1 | -1 | 1 | -1 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 1 |
| # | 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) | -1.22 | -0.22 | -0.07 | -0.03 | 0.2 | -0.02 | -3.65 | 3.86 | 1.42 | 0.05 | -0.78 |
| CEPS(Rs) | -1.2 | -0.2 | -0.05 | -0.01 | 0.22 | -0.02 | -3.65 | 3.86 | 1.42 | 0.05 | -0.78 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 6.28 | 6.06 | 5.99 | 5.95 | 6.15 | 6.13 | 2.48 | 6.34 | 8.53 | 8.28 | 8.71 |
| Core EBITDA Margin(%) | -1219.29 | -4200.94 | -69.46 | -549.1 | -1148.57 | -2054.66 | 0 | 2.25 | 7.67 | 7.6 | -38.3 |
| EBIT Margin(%) | -1220.8 | -3986.38 | -58.07 | -60.33 | 1184.25 | -259.62 | 0 | 16.89 | 16.13 | 7.78 | -38.3 |
| Pre Tax Margin(%) | -1221.02 | -3987.47 | -59.23 | -61.21 | 1182.27 | -261.21 | 0 | 16.89 | 16.08 | 5.69 | -41.53 |
| PAT Margin (%) | -1167.21 | -4226.27 | -59.23 | -61.21 | 1182.27 | -261.21 | 0 | 16.11 | 14.37 | 1.32 | -41.53 |
| Cash Profit Margin (%) | -1144.84 | -3782.53 | -39.71 | -20.08 | 1331.67 | -232.76 | 0 | 16.11 | 14.37 | 1.32 | -41.53 |
| ROA(%) | -16.66 | -3.44 | -1.12 | -0.56 | 3.15 | -0.34 | -57.17 | 32.37 | 6.5 | 0.58 | -6.65 |
| ROE(%) | -17.75 | -3.62 | -1.18 | -0.59 | 3.29 | -0.36 | -84.9 | 87.63 | 18.22 | 0.96 | -9.15 |
| ROCE(%) | -17.93 | -3.34 | -1.13 | -0.56 | 3.22 | -0.35 | -80.9 | 61.38 | 12.52 | 4.78 | -7.94 |
| Receivable days | 272.6 | 2062.47 | 19.5 | 39.26 | 0 | 0 | 0 | 47.08 | 201.16 | 324.68 | 944.04 |
| Inventory Days | 58.86 | 685.95 | 29.35 | 38.8 | 57.39 | 130.86 | 0 | 8.37 | 78.53 | 110.38 | 299.04 |
| Payable days | 225.27 | 3107.33 | 656.43 | 137.99 | 73.29 | 53.18 | 0 | 24.35 | 182.45 | 119.22 | 209.91 |
| PER(x) | 0 | 0 | 0 | 0 | 24.18 | 0 | 0 | 2.9 | 12.8 | 399.6 | 0 |
| Price/Book(x) | 0.77 | 0.44 | 0.66 | 0.64 | 0.78 | 0.53 | 1.48 | 1.77 | 2.14 | 2.41 | 0.97 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 44.92 | 496.03 | 31.36 | 64.98 | 281.51 | 386.2 | 0 | 0.57 | 2.31 | 5.21 | 4.51 |
| EV/Core EBITDA(x) | -3.75 | -14 | -81.35 | -338.41 | 21.11 | -167.06 | -1.04 | 3.39 | 14.31 | 66.93 | -11.78 |
| Net Sales Growth(%) | -65.37 | -94.96 | 2172.93 | -52.53 | -70.49 | -50.14 | -100 | 0 | -63.13 | 52.43 | -50.46 |
| EBIT Growth(%) | -180.1 | 83.54 | 66.89 | 50.68 | 679.4 | -110.93 | 0 | 210.61 | -64.79 | -26.5 | -343.95 |
| PAT Growth(%) | -182.18 | 81.74 | 68.14 | 50.94 | 670.08 | -111.02 | 0 | 205.74 | -67.11 | -85.96 | -1654.6 |
| EPS Growth(%) | -182.18 | 81.74 | 68.14 | 50.94 | 670.08 | -111.02 | 0 | 205.74 | -63.12 | -96.49 | -1655 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0.61 | 0.59 | 0.06 | 0.06 |
| Current Ratio(x) | 20.1 | 19.93 | 17.59 | 44.6 | 38.02 | 19.5 | 8.81 | 1.11 | 1.22 | 6.12 | 4.76 |
| Quick Ratio(x) | 20.04 | 19.88 | 17.53 | 44.58 | 38 | 19.47 | 8.78 | 0.97 | 0.96 | 5.04 | 4 |
| Interest Cover(x) | -5577.18 | -3681.69 | -50 | -68.29 | 597.98 | -163.33 | -6641.32 | 5483.3 | 312.8 | 3.73 | -11.86 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.03 | 0.35 | 0.07 | 0.03 | 0.06 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 27.11 | 27.11 | 27.11 | 27.11 | 27.11 | 27.11 | 27.11 | 26.53 | 26.53 | 26.53 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 |
| Public | 72.68 | 72.68 | 72.68 | 72.68 | 72.68 | 72.68 | 72.68 | 73.27 | 73.27 | 73.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.52 | 0.52 | 0.52 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.43 | 1.43 | 1.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -43% | -32% | — | — |
| Operating Profit CAGR | -200% | 0% | — | — |
| PAT CAGR | — | 0% | — | — |
| Share Price CAGR | -28% | -47% | -15% | +5% |
| ROE Average | -9% | +3% | +3% | -1% |
| ROCE Average | -8% | +3% | -2% | -3% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 27.11 | 27.11 | 27.11 | 27.11 | 27.11 | 27.11 | 27.11 | 26.53 | 26.53 | 26.53 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 |
| Public | 72.68 | 72.68 | 72.68 | 72.68 | 72.68 | 72.68 | 72.68 | 73.27 | 73.27 | 73.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.52 | 0.52 | 0.52 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.43 | 1.43 | 1.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 |
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