SPEL Semiconductor Ltd.

BSE: SPELS517166ISIN INE252A01019

Industrials
Other Electrical Equipment
BSE Industrials

Share price

₹96.90-5.10 (-5.00%)

as of 2 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹199.70
52W low: ₹96.90
Off 52W high: -51.48%
1M return: -22.54%
3M return: -36.83%
6M return: -38.00%
1Y return: -50.64%
20D avg volume: 13,549
50 DMA: ₹146.16
200 DMA: ₹149.56

Key ratios Standalone

Market cap: ₹446.88 Cr
Current price: ₹96.90
52W high / low: ₹199.70 / ₹96.90
Face value: ₹10.00
P/E: -22.80
P/B: 17.98
EPS (TTM): ₹-4.25
Book value / share: ₹5.39
ROE: -78.84%
ROCE: -47.10%
Operating margin: -556.25%
Net margin: -1,676.25%
Debt / equity: 6.87
Net debt: ₹20.88 Cr
Interest cover: -3.71
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 16.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	0.08	2.18	0.63	1.53	1.93	2.45	1.89	1.39	2.13	2.38	2.28	2.21
	0.40	0.81	0.54	0.48	0.42	0.47	0.43	0.34	0.42	0.33	0.38	0.27
	0.48	3.00	1.17	2.01	2.36	2.92	2.31	1.73	2.55	2.71	2.66	2.48
	1.82	2.50	3.15	3.12	4.78	5.98	3.88	4.18	4.78	4.18	4.61	4.59
	0.00	0.17	0.57	0.53	0.49	1.04	0.60	0.46	0.49	0.65	1.02	0.95
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	0.00	—	—	—
	0.29	0.51	0.60	0.70	0.73	1.69	0.74	0.72	0.73	0.62	0.90	0.97
	0.62	1.78	0.60	0.67	2.00	0.79	0.63	0.76	2.00	0.68	0.68	0.54
	0.28	0.28	0.29	0.29	0.29	-0.02	0.67	0.67	0.29	0.73	0.73	0.71
	0.63	0.01	1.07	1.03	1.18	2.46	0.62	0.97	1.18	1.01	0.71	0.77
	-1.34	0.50	-1.98	-1.12	-2.43	-3.05	-1.57	-2.45	-2.43	-1.47	-1.95	-2.12
	0.00	0.27	-4.58	-11.35	-3.16	-5.32	-3.29	-2.22	-3.16	-2.62	-2.45	-1.71
	-1.34	0.77	-6.56	-12.47	-5.59	-8.37	-4.86	-4.67	-5.59	-4.09	-4.41	-3.82
	0.00	0.00	0.00	0.00	0.00	-0.38	0.03	0.02	0.01	0.67	0.14	0.09
	-1.34	0.77	-6.56	-12.47	-5.59	-8.00	-4.83	-4.65	-5.59	-4.76	-4.26	-3.73
	-0.29	0.17	-1.42	-2.70	-1.21	-1.73	-1.05	-1.01	-1.21	-1.03	-0.92	-0.81
Key metrics
	-0.44	2.83	-5.67	-11.51	-3.30	-7.60	-3.56	-3.24	-3.30	-2.68	-3.00	-2.57
	-550.00%	129.80%	-900.00%	-752.30%	-171.00%	-310.20%	-188.40%	-233.10%	-154.90%	-112.60%	-131.60%	-116.30%
	-1,675.00%	35.30%	-1,041.30%	-815.00%	-289.60%	-326.50%	-255.60%	-334.50%	-262.40%	-200.00%	-186.80%	-168.80%
	—	6.40%	—	-25.30%	—	-13.50%	—	—	—	—	—	—
	-95.90%	-11.00%	-66.70%	10.10%	-9.40%	2.90%	-17.10%	-37.10%	—	—	—	—
	76.00%	109.60%	-35.80%	-168.20%	0.00%	-68.10%	-13.40%	-24.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	4.42	6.28	7.86	12.00	11.16	15.65
	2.23	2.25	1.66	1.41	6.96	1.36
	6.66	8.53	9.52	13.41	18.13	17.00
	10.59	13.55	18.44	20.02	13.73	22.89
	1.27	1.41	2.92	4.77	6.68	4.59
	0.00	0.00	0.00	—	—	—
	2.10	2.54	3.91	3.95	7.49	7.04
	3.67	5.06	2.88	2.57	2.56	0.86
	1.14	1.14	2.00	2.88	3.95	4.69
	2.74	3.29	6.77	3.33	2.99	3.84
	-3.94	-5.02	-8.92	-6.61	4.39	-5.88
	-15.66	-18.82	-12.57	-9.76	-8.91	-5.67
	-19.60	-23.84	-21.49	-16.37	-4.52	-11.55
	0.00	0.00	0.44	0.42	1.43	0.29
	-19.60	-23.84	-21.05	-16.79	-3.09	-11.84
	-4.24	-5.17	-4.56	3.64	-0.67	-2.57
Key metrics
	-14.79	-17.64	-16.61	-10.92	1.99	-6.00
	-334.62%	-280.90%	-211.30%	-91.00%	17.80%	-38.30%
	-443.44%	-379.60%	-267.80%	-139.90%	-27.70%	-75.70%
	—	-47.10%	-33.20%	—	—	—
	-42.30%	-20.10%	-34.50%	7.50%	-28.70%	—
	—	-13.30%	-25.40%	-443.40%	73.90%	—
	—	12.84	-1.67	—	—	—
	—	-0.54	0.08	—	—	—
	—	6.87	2.40	—	—	—
	—	20.88	31.00	—	—	—
	—	16.2	944.5	—	—	—
Balance sheet
	—	115.02	128.09	—	—	—
	—	3.92	55.13	—	—	—
	—	0.00	0.00	—	—	—
	—	0.59	0.78	—	—	—
	—	2.96	23.09	—	—	—
	—	0.02	30.95	—	—	—
	—	25.33	23.37	—	—	—
	—	3.27	3.53	—	—	—
	—	75.17	72.02	—	—	—
	—	20.88	31.00	—	—	—
	—	10.05	10.47	—	—	—
	—	10.83	20.53	—	—	—
	—	3.04	12.91	—	—	—
Cash flow
	—	12.94	-1.67	—	—	—
	—	2.24	1.45	—	—	—
	—	-15.19	0.22	—	—	—
	—	0.10	0.00	—	—	—

Compounded growth

Sales CAGR 3Y: -17.44%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -42.30%
Profit YoY (TTM): +15.04%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 59.17%

Quarter	September 2026	30 Jun 2026	June 2026
Promoter %	59.17%	59.17%	59.17%

Holder	Type	Holding	Previous	Change
NATRONIX SEMICONDUCTOR TECHNOLOGY PRIVATE LIMITED	Promoter	55.97%	55.97%	0.00%
VALLI ARUN	Promoter	2.11%	2.11%	0.00%
HITESH RAMJI JAVERI	Public	1.85%	—	—
SHARAD KANAYALAL SHAH	Public	1.17%	—	—
AR RM ARUN	Promoter	0.89%	0.89%	0.00%
VIBRANT INDUSTRIES PRIVATE LIMITED	Promoter Group	0.20%	0.20%	0.00%
AC MUTHIAH	Promoter	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Waaree Energies Limited	69,097	2,402.10	17.82	30.60%	+75.43% TTM	+38.40% TTM	-28.70%
Apar Industries Ltd	66,997	16,000.25	48.65	29.20%	+23.42% TTM	+46.58% TTM	+91.81%
Premier Energies Limited	41,021	903.65	24.51	27.80%	+26.70% TTM	+59.90% TTM	-13.70%
Diamond Power Infrastructure Limited	23,020	384.90	83.20	10.60%	+109.34% TTM	+347.90% TTM	+147.13%
MTAR Technologies Limited	18,572	6,037.65	139.17	15.30%	+53.39% TTM	+125.19% TTM	+138.94%
Emmvee Photovoltaic Power Limited	17,052	246.30	12.02	34.80%	—	—	—
Avalon Technologies Limited	13,630	2,037.85	102.02	21.90%	+44.38% TTM	+67.08% TTM	+77.35%
Fujiyama Power Systems Limited	12,055	392.80	—	—	—	—	—
Genus Power Infrastructures Ltd	8,724	286.75	13.39	27.40%	+74.17% TTM	+62.75% TTM	-18.78%
WAAREE RENEWABLE TECHNOLOGIES LIMITED	7,643	732.20	16.04	62.50%	+77.69% TTM	+36.11% TTM	-39.28%
Ram Ratna Wires Ltd.	4,979	533.35	35.13	26.60%	+71.52% TTM	+89.64% TTM	+70.55%
Vikram Solar Limited	4,892	135.00	13.71	21.50%	—	—	-58.10%
Saatvik Green Energy Limited	4,666	367.10	18.83	30.80%	—	—	-30.50%
Yash Highvoltage Limited	3,709	1,240.95	—	27.50%	—	—	+151.48%
Websol Energy System Limited S	2,977	68.57	9.50	48.30%	+76.28% TTM	+57.56% TTM	-43.34%
RAVINDRA ENERGY LIMITED	2,817	141.85	48.42	11.30%	+30.04% TTM	+52.97% TTM	—
Rishabh Instruments Limited	2,488	640.80	30.24	13.50%	+5.63% TTM	+117.94% TTM	+64.31%
Modern Insulators Ltd. S	2,195	465.70	22.93	17.30%	+41.45% TTM	+101.32% TTM	+211.92%
ADVAIT ENERGY TRANSITIONS LIMITED	2,058	1,879.35	29.21	28.00%	+47.68% TTM	+64.93% TTM	+6.94%
Schneider Electric President Systems Ltd S	1,847	2,482.25	—	—	—	—	—
HINDUSTHAN INSULATORS and INDUSTRIES LIMITED	1,726	797.30	—	-3.90%	-10.45% TTM	-31.32% TTM	+446.08%
RIR POWER ELECTRONICS LIMITED S	1,163	146.20	123.90	5.90%	+13.31% TTM	+6.92% TTM	-44.25%
MODISON LIMITED	1,160	357.50	10.25	37.30%	+84.80% TTM	+255.83% TTM	+147.06%
Salzer Electronics Ltd.	867	490.45	19.32	18.20%	+20.81% TTM	-36.73% TTM	-36.19%
INDO SMC Limited S	819	358.55	19.93	29.00%	—	—	—
SPEL Semiconductor Ltd. S	447	96.90	-22.80	-47.10%	-42.30% TTM	+15.04% TTM	-50.64%

Filings & corporate actions

Recent announcements

Intimation of Resignation of Independent Director.17 Oct 2026 · Company Update / Change in Management
Certificate under Reg 74(5) of the SEBI (DP) Regulations ,2018 for the period ended 30th September,202614 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window for the Quarter ending 30th September 202629 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
BSE Intimation for voting results and Scrutinizer report for AGM held on 14th September 202616 Sep 2026 · AGM/EGM / AGM
BSE Intimation - Proceedings of AGM held on 14th September 202615 Sep 2026 · AGM/EGM / AGM
Intimation of AGM Notice for the FY 25-2621 Aug 2026 · Company Update / General
Submission of Annual report under Regulation 34 of SEBI LODR (regulation), 2015 for the FY 25-2621 Aug 2026 · Others / Reg. 34 (1) Annual Report
Newspaper Publication for Financial Results of Quarter Ended 30th June 202621 Aug 2026 · Company Update / Newspaper Publication
Intimation of the Annual General Meeting of the Company to be held on September 14 , 202620 Aug 2026 · AGM/EGM / AGM
Submission of Unaudited Financial Results for the quarter ended 30.06.2026.20 Aug 2026 · Result / Financial Results
Outcome of the Board Meeting held on 20.08.2026.20 Aug 2026 · Board Meeting / Outcome of Board Meeting
SPEL Semiconductor Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/08/2026 ,inter alia, to consider and approve unaudited standalone financial ....17 Aug 2026 · Board Meeting / Board Meeting
Intimation for Delay in Submission of Unaudited Standalone Financial Results for the Quarter Ended June 30, 2026.13 Aug 2026 · Company Update / General
The Board approved strategic tripatriate MOU with California Software company Limited and Natronix India Private Limited for collabaration in design, research and intellectual property ....29 Jul 2026 · Company Update / General
Board Meeting Outcome for the Board Meeting held on 29.07.2026 for considering and approving Strategic Tripartite MoU of Spel Semiconductor Limited with Calsoft and Natronix-India.29 Jul 2026 · Board Meeting / Outcome of Board Meeting
SPEL Semiconductor Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve Tripartite Strategic Memorandum ....27 Jul 2026 · Board Meeting / Board Meeting
Certificate under Reg 74 (5) of the SEBI (DP) Regulations 2018 for the period ended 30.06.202624 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Outcome of the Meeting of the Board of Directors of the Company held on 20th July, 2026.20 Jul 2026 · Board Meeting / Outcome of Board Meeting
SPEL Semiconductor Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/07/2026 ,inter alia, to consider and approve raising funds by way of ....16 Jul 2026 · Board Meeting / Board Meeting
Intimation of Closure of Trading Window for the quarter ended 30th June, 2026.29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Annual Secretarial Compliance Report duly issued by a practicing company secretary pursuant to regulation 24(A) of SEBI(LODR) 2015 for the Financial Yaer ended March 31, 2026.30 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper advertisement for the Audited Financial statements for the Quarter ended 31st March , 2026 .21 May 2026 · Company Update / Newspaper Publication
REMOVAL OF CFO19 May 2026 · Company Update / Change in Management
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 202619 May 2026 · Result / Financial Results
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31.3.202619 May 2026 · Board Meeting / Outcome of Board Meeting
SPEL Semiconductor Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/05/2026 ,inter alia, to consider and approve Audited Standalone Financial ....12 May 2026 · Board Meeting / Board Meeting
Newspaper advertisement for Unaudited Financial Results for the Quarter ended 31st December, 2025.20 Apr 2026 · Company Update / Newspaper Publication
Certificate under Reg 74(5) of the SEBI (DP) Regulations 2018 for the period ended 31.03.202615 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Results for the Quarter ended 31st Dec 202515 Apr 2026 · Result / Financial Results
Outcome of Board Meeting held on 15.04.2026 for considering unaudited Financial results for the Quarter ended 31st Dec 202515 Apr 2026 · Board Meeting / Outcome of Board Meeting
SPEL Semiconductor Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/04/2026 ,inter alia, to consider and approve Board Meeting Intimation ....8 Apr 2026 · Board Meeting / Board Meeting
Compliance on Regulation 31(4) of SEBI (SAST) Regulations3 Apr 2026 · Company Update / General
Intimation of Closure of Trading Window26 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of reasons for delay in Unaudited Standalone Financial results for the Quarter ended 31st December 2025.13 Feb 2026 · Company Update / General
The Exchange has sought clarification from SPEL Semiconductor Ltd on January 30, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....30 Jan 2026 · Company Update / Clarification
Announcement undeer Reg 30 LODR - Intimation of temporary suspension of operations in factory.14 Jan 2026 · Company Update / General
Certificate under Reg 74(5) of SEBI (DP) Regulations,2018 for the period ended 31.12.2025.13 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of Trading window31 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Newspaper advertisement for Unaudited Financial Results for the quarter ended 30 September 202515 Nov 2025 · Company Update / Newspaper Publication
Results of the Comany for the quarter ended 30.9.2025 with limited review report attached. There is no change in Values.15 Nov 2025 · Result / Financial Results

Board meetings

20 Aug 2026 Board Meeting - Financial Results