Spray Engineering Devices Unlisted Shares

1/5

Key Indicators

KEY INDICATORS
2024
FACE VALUE/SHARE
10.0
BOOK VALUE/SHARE
54.8
PRICE TO EARNING (PE)
24.0
PRICE/SALES
2.4
PRICE/BOOK
10.2
OUTSTANDING SHARES (Million)
23.2
MARKET CAP (Rs. Million)
12910.8
DEBT/EQUITY
1.5
DIVIDEND/SHARE
0.0
DIVIDEND % (ON CMP)
0.0%
RETURN ON TOTAL ASSETS
17.3%
RETURN ON EQUITY
42.5%
ROWC
32.8%

* Ratio is calculated based on latest financial & current share price.

About The Company

Spray Engineering Devices Limited (SED), established in 2004, is a leading engineering company specializing in evaporation, heat exchange, and crystallization technologies. Initially focused on manufacturing spray nozzles, SED has expanded globally, serving over 500 sugar factories in India and 40 countries. The company operates with an in-house R&D unit and three advanced fabrication plants in Baddi, India. SED has developed and patented several energy-efficient technologies, significantly reducing steam and power consumption in sugar industries. It also offers turnkey project solutions, aiming to optimize resources and enhance productivity.
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Pricing Trend

Financials

Revenue Growth %

EBDITA Margin %

EPS Growth %

Profit & Loss Summary

(All Amount in INR Millions)

PROFIT & LOSS
2024
2023
2022
2021
PROFIT & LOSS
2024
2023
2022
REVENUE
5482
3947
2161
1115
REVENUE
5482
3947
2161
EXPENSE
4592
3359
1932
984
EXPENSE
4592
3359
1932
EBDITA
890
588
229
131
EBDITA
890
588
229
OTHER COST
147
119
75
84
OTHER COST
147
119
75
PBT
743
469
154
47
PBT
743
469
154
TAX EXPENSE
212
122
1
0
TAX EXPENSE
212
122
1
PAT
531
347
153
47
PAT
531
347
153
OTHER INCOME/EXP.
-8
-4
0
-1
OTHER INCOME/EXP.
-8
-4
0
INCOME (NET OF TAXES)
523
343
153
46
INCOME (NET OF TAXES)
523
343
153
OUTSTANDING SHARE
23
23
22
22
OUTSTANDING SHARE
23
23
22
EPS ( Rs/share)
23.2
15.2
6.8
2.1
EPS ( Rs/share)
23.2
15.2
6.8

Balance Sheet

(All Amount in INR Millions)

BALANCE SHEET
2024
2023
2022
2021
BALANCE SHEET
2024
2023
2022
CASH & CASH EQUIVALENT
4
14
111
53
CASH & CASH EQUIVALENT
4
14
111
NON CURRENT ASSET
976
763
295
295
NON CURRENT ASSET
976
763
295
CURRENT ASSET
2041
1865
1438
901
CURRENT ASSET
2041
1865
1438
TOTAL ASSET
3021
2642
1844
1249
TOTAL ASSET
3021
2642
1844
EQUITY SHARE CAPITAL
226
226
224
224
EQUITY SHARE CAPITAL
226
226
224
RESERVES
1006
483
148
-6
RESERVES
1006
483
148
TOTAL EQUITY
1232
709
372
218
TOTAL EQUITY
1232
709
372
NON CURRENT LIABILITY
311
276
78
59
NON CURRENT LIABILITY
311
276
78
CURRENT LIABILITY
1478
1657
1394
972
CURRENT LIABILITY
1478
1657
1394
TOTAL LIABILITIES
1789
1933
1472
1031
TOTAL LIABILITIES
1789
1933
1472
TOTAL EQUITY & LIABILITY
3021
2642
1844
1249
TOTAL EQUITY & LIABILITY
3021
2642
1844

Cash Flow Summary

(All Amount in INR Millions)

CASH FLOW
2024
2023
2022
2021
CASH FLOW
2024
2023
2022
OPERATING ACTIVITY
191
154
193
72
OPERATING ACTIVITY
191
154
193
INVESTING ACTIVITY
-277
-478
-90
-47
INVESTING ACTIVITY
-277
-478
-90
FINANCING ACTIVITY
77
321
-91
-25
FINANCING ACTIVITY
77
321
-91
NET CASH FLOW
-9
-3
12
0
NET CASH FLOW
-9
-3
12

Shareholders

Shareholders
Vivek Verma
Prateek Verma
Klondike Investments Ltd
Mukul Mahavir Agrawal
Resonance Opportunities Fund
Minerva Ventures Fund
Alternate Investment Funds
All Others
%
52.6
23.5
12.2
3.5
1.5
1.2
0.5
5.1

Registered Address

Management

Vivek Verma
Chairman & Managing Director
Jitendar Kumar
Chief Financial Officer
Rinkal Goyal
Company Secretary

Annual Reports

Quarterly Reports

NEWS

Business Standard
Spray Engineering Devices Limited bags National Energy Efficiency Innovation Award-2021
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Piyush Jhunjhunwala
Piyush Jhunjhunwala
CA, CPA, Ex. PepsiCo, Reckitt, Coty
CEO & Founder
Dubai, UAE.
Rahul Khatuwala
Rahul Khatuwala
Ex. Wipro & Finaco Founder
Co-Founder
Bangalore, India.