DINESH

SPML Infra

Latest CMP 191
Today's Change ▲ 2.02%
52-Week High / Low 298 | 154
Price Date: 14-Aug-2026
Recommendation Sell
Target Price 219
Expected Upside 7.3%
Forecast Horizon 2 Years
Historical CAGR 1.1%
1,000 Invested 15-Aug-2006
Today's Value 1,250
Investment Period 20 Years

Stock Snapshot

Post Results Return
-2.7%
Neutral Market Reaction
1-Year Target Price
199
2-Year Target Price
219
52-Week High / Low
298 / 154
20-Day Return
-7.9%
Market Cap (Cr.)
1,686
Current PE
22.9
P/BV Ratio
1.7
Dividend Yield
Industry PE
20.6

Price Performance

Basis of our Recommendation

SPML Infra's recent performance reflects a stable yet moderating revenue growth trajectory, as indicated by management's commentary and the latest earnings discussions. The company's focus on infrastructure projects, particularly in water supply and power distribution, remains critical for its competitive positioning. However, the competitive landscape is characterized by significant pressure, which could impact margins despite their expected stability. Vista's financial outlook anticipates continued long-term growth, supported by a strong balance sheet and manageable leverage, although the current valuation suggests a potential value trap. The infrastructure sector is experiencing a favorable environment, bolstered by government initiatives and a recovery in project approvals, which aligns with Vista's expectations of a robust growth trajectory in the coming years. Nevertheless, the cautious investor sentiment reflected in recent trading may pose challenges. Over the next 12-24 months, key opportunities lie in capitalizing on government infrastructure investments, while watchpoints include the competitive pressures that could affect market share and margins. Overall, SPML Infra's outlook is shaped by a blend of stable operational fundamentals and external market dynamics, necessitating a careful approach to investment decisions

👍 Why We Like This Stock

Things To Watch Out For

Key Parameters

Balance Sheet Strength
Strong and Investable
Market Share
Stable
Industry Outlook
Weakening
Analyst View
Not Available
Dividend History
No Dividend History
FII Holdings
Stable

Financial Snapshot

Actuals Forecast
FY24 FY25 FY26 FY27 FY28
Revenue (Cr.) 1,319 771 868 1,226 1,261
Profit Before Tax (Cr.) 1 57 75 99 104
PBT Margin 0.1% 7.4% 864.1% 8.1% 8.2%
Net Profit (Cr.) 1 48 75 75 78
Earnings Per Share 0.1 5.4 8.5 8.4 8.8

Analyst Recommendations

No analyst recommendations available.

Consensus Recommendation ► None
Consensus Target
Coverage 0 Analysts
Analysts' Viewpoint

Company Overview

Show Company Profile

SPML Infra Limited operates as an infrastructure development company in India. The company undertakes water supply and bulk water transmission, wastewater and sanitation, and power distribution and rural electrification projects; constructs pumping stations and water reservoir; and offers metering and billing solutions, and battery energy storage systems, as well as provides services in various areas, including construction of dams, canals, lift irrigation, and micro irrigation. It also undertakes power generation, transmission, and distribution projects, including the construction of hydro, solar, wind, gas turbine, and thermal power plants; and offers rural electrification, and integrated and smart energy management solutions. In addition, the company develops roads, bridges, flyovers, highways, industrial infrastructure, tunnels, special economic zones, industrial/business/technology parks, airports, bus terminals, automated car parking facilities, and toll express roads. Further, it provides municipal solid waste management solutions, such as collection, segregation, transportation, and safe disposal, as well as sewer rehabilitation solutions. Additionally, it develops an integrated management information system for metering, billing, CRM, network analysis, demand forecasting and management, asset and inventory management, business intelligence, and operation and maintenance of the entire network. The company was formerly known as Subhash Projects and Marketing Limited and changed its name to SPML Infra Limited in April 2010. SPML Infra Limited was incorporated in 1981 and is based in Kolkata, India.