Sprayking Limited

BSE: SPRAYKING540079ISIN INE537U01037

Industrials
Other Industrial Products

Share price

₹1.120.00 (0.00%)

as of 4 Nov 2026

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

Splits and bonuses

21 Aug 2024 · Bonus 1:1
12 Aug 2025 · Split 2:1 (₹2 → ₹1)

52W high: ₹1.98
52W low: ₹1.00
Off 52W high: -43.43%
1M return: -3.45%
3M return: -17.04%
6M return: -21.68%
1Y return: -42.86%
20D avg volume: 1,20,103
50 DMA: ₹1.19
200 DMA: ₹1.36

Key ratios Consolidated

Market cap: ₹23.67 Cr
Current price: ₹1.12
52W high / low: ₹1.98 / ₹1.00
Face value: ₹1.00
P/E: 7.52
P/B: 0.41
EPS (TTM): ₹0.15
Book value / share: ₹2.73
ROE: —
ROCE: 8.40%
Operating margin: —
Net margin: —
Debt / equity: 0.30
Net debt: ₹24.18 Cr
Interest cover: 2.51
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 144.9 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	16.93	44.72	42.48	19.66	22.29	28.14	35.57	28.24	35.81	—
	0.11	0.71	0.66	0.98	0.13	1.23	2.87	0.13	0.05	—
	17.03	45.44	43.14	20.64	22.42	29.37	38.45	28.37	35.86	—
	17.08	46.36	42.96	15.62	22.13	26.97	35.83	27.06	32.56	—
	16.56	40.90	42.75	16.45	20.64	18.85	36.53	27.59	27.49	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.72	0.87	0.89	0.79	0.65	1.17	0.55	0.70	0.66	—
	0.63	0.75	0.73	0.85	0.68	0.62	0.48	0.67	0.43	—
	0.78	1.00	0.74	0.74	0.76	0.36	0.83	0.70	0.71	—
	0.54	1.75	1.39	1.16	1.16	1.04	1.69	1.37	1.22	—
	-0.04	-0.92	0.18	5.02	0.29	2.40	2.62	1.31	3.30	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	-0.04	-0.92	0.18	5.02	0.29	2.40	2.62	1.31	3.30	—
	0.09	-0.52	0.61	0.92	0.37	0.32	0.68	0.40	0.95	—
	-0.13	-0.40	-0.43	4.10	0.65	2.08	1.94	0.91	2.35	—
	0.00	-0.46	-0.02	0.38	0.06	1.57	1.84	0.17	0.44	—
Key metrics
	1.37	0.83	1.65	6.61	1.73	3.38	3.93	2.68	4.44	—
	8.10%	1.90%	3.90%	33.60%	7.80%	12.00%	11.00%	9.50%	12.40%	—
	-0.80%	-0.90%	-1.00%	20.90%	2.90%	7.40%	5.50%	3.20%	6.60%	—
	—	-0.20%	—	10.10%	—	6.70%	—	—	—	—
	-24.00%	58.90%	19.40%	-30.40%	-37.80%	—	—	—	—	—
	-120.00%	-119.20%	-122.20%	350.50%	-72.30%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	123.79	129.15	127.77	—
	2.46	2.48	3.49	—
	126.25	131.64	131.26	—
	122.02	127.07	121.63	—
	116.66	120.73	110.45	—
	0.00	0.00	0.00	—
	3.27	3.21	3.09	—
	2.96	3.02	2.20	—
	3.26	3.25	1.81	—
	4.84	5.45	5.32	—
	4.24	4.57	9.63	—
	0.00	0.00	0.00	—
	4.24	4.57	9.63	—
	1.10	0.64	2.35	—
	3.14	3.93	7.28	—
	-0.10	1.80	6.89	—
Key metrics
	10.46	10.84	13.64	—
	8.45%	8.40%	10.70%	—
	2.54%	3.00%	5.70%	—
	—	8.40%	26.30%	—
	8.36%	1.10%	—	—
	-43.73%	-46.00%	—	—
	—	-9.27	-18.02	—
	—	-2.36	-0.94	—
	—	0.30	1.37	—
	—	24.18	51.28	—
	—	144.9	104.9	—
Balance sheet
	—	119.28	105.70	—
	—	88.90	77.97	—
	—	0.10	0.04	—
	—	16.33	20.85	—
	—	42.90	28.09	—
	—	—	29.00	—
	—	26.23	23.66	—
	—	7.96	12.22	—
	—	28.46	60.66	—
	—	24.28	51.32	—
	—	15.22	44.39	—
	—	9.06	6.93	—
	—	81.30	37.58	—
Cash flow
	—	-9.27	-6.84	—
	—	-4.37	-11.24	—
	—	13.70	14.68	—
	—	0.00	11.18	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	3.38	18.65	20.73	4.98	9.14	6.82	19.09	15.94	20.09	—
	0.11	0.15	0.17	0.05	0.12	0.35	0.43	0.07	0.05	—
	3.48	18.79	20.90	5.03	9.26	7.17	19.53	16.01	20.14	—
	4.21	18.57	20.84	4.84	9.16	7.24	19.27	15.44	18.08	—
	1.25	15.39	18.26	5.93	7.68	2.40	18.48	16.13	13.24	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.13	0.19	0.20	0.19	0.16	0.42	0.09	0.26	0.17	—
	0.30	0.32	0.35	0.46	0.32	0.23	0.01	0.32	0.19	—
	0.47	0.66	0.51	0.51	0.54	0.18	0.29	0.30	0.29	—
	0.34	0.87	0.86	0.76	0.77	0.81	1.83	0.67	1.02	—
	-0.72	0.22	0.06	0.19	0.10	-0.07	0.25	0.57	2.07	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	-0.72	0.22	0.06	0.19	0.10	-0.07	0.25	0.57	2.07	—
	0.03	0.08	0.22	0.05	-0.17	0.10	0.02	0.13	0.56	—
	-0.69	0.14	-0.17	0.14	0.27	0.04	0.23	0.44	1.50	—
	0.07	0.03	-0.01	0.02	0.03	0.03	0.22	0.08	0.28	—
Key metrics
	0.05	1.20	0.92	1.16	0.96	0.34	0.55	1.19	2.55	—
	1.50%	6.40%	4.40%	23.30%	10.50%	5.00%	2.90%	7.50%	12.70%	—
	-20.40%	0.80%	-0.80%	2.80%	3.00%	0.60%	1.20%	2.80%	7.50%	—
	—	1.50%	—	1.70%	—	0.40%	—	—	—	—
	-63.00%	173.50%	8.60%	-68.80%	-54.50%	—	—	—	—	—
	-355.60%	250.00%	-173.90%	-68.20%	-82.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	47.74	53.49	61.95	—
	0.48	0.48	0.91	—
	48.20	53.98	62.86	—
	48.46	53.41	60.04	—
	40.83	47.26	50.26	—
	0.00	0.00	0.00	—
	0.71	0.73	0.95	—
	1.43	1.45	0.75	—
	2.15	2.22	1.06	—
	2.83	3.26	4.33	—
	-0.25	0.56	2.82	—
	0.00	0.00	0.00	—
	-0.25	0.56	2.82	—
	0.38	0.19	0.61	—
	-0.58	0.38	2.21	—
	0.11	0.02	0.42	—
Key metrics
	3.33	4.23	4.63	—
	6.98%	7.90%	7.50%	—
	-1.21%	0.70%	3.60%	—
	—	5.60%	10.00%	—
	-6.37%	-13.70%	—	—
	-159.18%	-82.80%	—	—
	—	6.88	-11.61	—
	—	18.11	-2.46	—
	—	0.52	0.61	—
	—	15.54	17.94	—
	—	87.5	77.0	—
Balance sheet
	—	47.50	51.04	—
	—	29.11	33.52	—
	—	0.01	0.01	—
	—	4.37	6.80	—
	—	10.29	8.77	—
	—	14.44	17.94	—
	—	10.28	11.19	—
	—	1.83	2.51	—
	—	11.55	15.43	—
	—	15.55	17.95	—
	—	9.62	11.98	—
	—	5.93	5.97	—
	—	30.02	29.65	—
Cash flow
	—	6.88	-5.43	—
	—	-3.02	-6.18	—
	—	-3.85	10.45	—
	—	0.00	6.18	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -6.37%
Profit YoY (TTM): -159.18%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +8.36%
Profit YoY (TTM): -43.73%

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: 36.41%

Quarter	September 2026	June 2026
Promoter %	36.41%	36.41%

Holder	Type	Holding	Previous	Change
HITESH PRAGAJIBHAI DUDHAGARA	Promoter	18.48%	18.48%	0.00%
HETAL SHASHANK DOSHI	Public	14.55%	14.55%	0.00%
PRAGJIBHAI MEGHJIBHAI PATEL	Promoter	7.43%	7.43%	0.00%
RONAK HITESH DUDHAGARA	Promoter	4.99%	4.99%	0.00%
PATEL HITESH PRAGJIBHAI HUF	Promoter Group	3.18%	3.18%	0.00%
PARVATIBEN PRAGAJIBHAI PATEL	Promoter Group	2.15%	2.15%	0.00%
MORNING VINIMAY PRIVATE LIMITED	Public	1.20%	1.20%	0.00%
SAPPERS INFRA REALTORS PVT. LTD.	Public	1.20%	1.20%	0.00%
MENTAX IMPEX PRIVATE LIMITED	Public	1.06%	1.06%	0.00%
BHAVIKA PRAGJIBHAI DUDHAGARA	Promoter Group	0.09%	0.09%	0.00%
KALPNABEN RAVIBHAI DHOLARIYA	Promoter Group	0.09%	0.09%	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
HBL ENGINEERING LIMITED	23,187	836.50	43.20	45.90%	—	—	-15.86%
INOX India Limited	17,557	1,930.95	67.38	30.80%	+22.53% TTM	+5.98% TTM	+59.26%
Esab India Ltd. S	8,206	5,330.95	36.98	60.80%	+12.99% TTM	+29.07% TTM	+9.05%
KRN HEAT EXCHANGER AND REFRIGERATION LIMITED	6,620	1,011.40	57.55	18.00%	+77.18% TTM	+94.83% TTM	+27.68%
Harsha Engineers International Limited	4,200	461.30	25.73	14.20%	+22.34% TTM	+65.44% TTM	+15.61%
Subros Ltd.	3,881	594.85	22.79	16.70%	+21.25% TTM	+5.94% TTM	-42.91%
Ador Welding Ltd.	2,462	1,414.95	21.32	20.30%	+12.93% TTM	+111.66% TTM	+31.10%
Diffusion Engineers Limited	1,568	419.05	27.32	15.70%	+38.32% TTM	+34.51% TTM	+12.53%
MIC Electronics Limited	1,085	36.43	-89.18	10.00%	+132.72% TTM	-227.43% TTM	-30.96%
Hy-Tech Engineers Limited	768	81.02	—	—	+17.36% FY26	+15.14% FY26	—
Technocrats Plasma Systems Limited S	715	406.20	—	—	+166.03% FY26	+84.22% FY26	—
MALLCOM (INDIA) LTD.	570	912.80	21.29	14.80%	+3.91% TTM	-54.47% TTM	-36.70%
Simplex Castings Ltd. S	527	128.45	22.54	26.20%	+15.32% TTM	+28.04% TTM	+32.38%
Sealmatic India Limited	523	481.70	—	12.10%	—	—	+23.38%
EXPO ENGINEERING AND PROJECTS LIMITED S	228	88.00	191.30	14.20%	-34.54% TTM	-70.94% TTM	+12.12%
QUEST FLOW CONTROLS LIMITED	184	179.70	—	0.40%	—	—	-26.97%
ALPHALOGIC INDUSTRIES LIMITED S	133	131.00	21.69	26.00%	—	—	+20.52%
W.H. Brady & Co. Ltd.	122	476.80	18.49	8.20%	-9.14% TTM	-71.81% TTM	-34.79%
Narmadesh Brass Industries Limited S	100	323.00	271.43	9.80%	—	—	—
MAURIA UDYOG LIMITED	82	6.18	3.71	39.10%	-13.01% TTM	+6.43% TTM	-52.72%
Siyaram Recycling Industries Limited S	75	34.44	22.36	11.20%	—	—	-63.07%
Indian Link Chain Mnfrs. Ltd. S	61	229.40	-201.23	-0.90%	-100.00% TTM	-321.43% TTM	-87.52%
DELTA MANUFACTURING LIMITED	60	55.33	-5.70	22.80%	+3.75% TTM	+7.22% TTM	-25.73%
Gabriel Pet Straps Limited	47	63.18	—	4.90%	—	—	-78.87%
Storage Technologies and Automation Limited	45	34.84	—	-6.10%	—	—	-51.11%
Sprayking Limited	24	1.12	7.52	8.40%	+8.36% TTM	-43.73% TTM	-42.86%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Results- Financial Results For The Quarter and Half Year Ended September 30, 20264 Nov 2026 · Result / Financial Results
1. The Un-audited Standalone Financial Results set out in compliance with Indian Accounting Standards (IND AS) for the Quarter and Half-Year ended September 30, 2026 together with Statement ....4 Nov 2026 · Board Meeting / Outcome of Board Meeting
Sprayking Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....29 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74 (5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.10 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Scrutinizer''s report and voting results for the 22nd AGM of the company5 Oct 2026 · AGM/EGM / AGM
Proceedings of the 22nd AGM of the company30 Sep 2026 · AGM/EGM / AGM
Intimation for closure of trading window24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement under Regulation 47 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20158 Sep 2026 · Company Update / Newspaper Publication
Revised Annual Report of the Company for the Financial Year 2025-26 along with Notice of the Twenty Second (22nd) Annual General Meeting4 Sep 2026 · Others / Reg. 34 (1) Annual Report
Revised Notice of 22nd Annual General Meeting (AGM) to be held on Wednessday, September 30, 20264 Sep 2026 · AGM/EGM / AGM
Intimation of Book Closure pursant to Regulation 42 of the SEBI (LODR) Regulations, 20154 Sep 2026 · Corp. Action / Book Closure
Annual Report of the Company for the Financial Year 2025-26 along with Notice of the Twenty Second (22nd) Annual General Meeting4 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 22nd AGM to be held on September 30, 20264 Sep 2026 · AGM/EGM / AGM
Intimation of Reappointment of Mr. Hitesh Dudhagara (DIN: 00414604) as a Executive Director designated as Managing Director of the Company2 Sep 2026 · Company Update / Change in Management
Outcome of Board Meeting held on Wednesday, September 02, 20262 Sep 2026 · Others / Outcome without intimation
Announcement under Regulation 30(LODR)- Newspaper Publication11 Aug 2026 · Company Update / Newspaper Publication
Results- Financials for quarter ended June 30, 202610 Aug 2026 · Result / Financial Results
The considered and approved Unaudited Financial Results (Standalone and Consolidated) of the company along with the Limited Review Report for quarter ended June 30, 202610 Aug 2026 · Board Meeting / Outcome of Board Meeting
Sprayking Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve the Unaudited Financial Results (Standalone ....5 Aug 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended June 30, 2026.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading Window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Compliance under Regulation 24 (A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201529 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Advertisement under Regulation 47 read with Regulation 33 of the SEBI (LODR), Regulations, 201528 May 2026 · Company Update / Newspaper Publication
Results for the Financial Year Ended March 31, 202626 May 2026 · Result / Financial Results
1. The Audited Standalone Financial Results set out in compliance with Indian Accounting Standards (IND AS) for the Quarter and Year ended March 31, 2026 together with Statement of Assets ....26 May 2026 · Board Meeting / Outcome of Board Meeting
Sprayking Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve The Audited Financial Results (Standalone ....19 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....16 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Certificate Under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended March 31, 2026.9 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for the Closure of Trading Window24 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement Under Regulation 47 read with Regulation 33 of SEBI (LODR) Regulations, 201516 Feb 2026 · Company Update / Newspaper Publication
Financial Results for the Quarter ended December 31, 202514 Feb 2026 · Result / Financial Results
1. The Unaudited Standalone Financial Results set out in compliance with Indian Accounting Standards (IND-AS) for the quarter ended December 31, 2025 together with Limited review report. 2. ....14 Feb 2026 · Board Meeting / Outcome of Board Meeting
Sprayking Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2026 ,inter alia, to consider and approve the Unaudited Financial Results (Standalone ....5 Feb 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended December 31, 202515 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading Window26 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Newspaper Clippings- Un-audited Financial Results for the quarter ended September 30, 202518 Oct 2025 · Company Update / Newspaper Publication
Results- Financial Results for the quarter ended 30.09.202516 Oct 2025 · Result / Financial Results
1. The Unaudited Standalone Financial Results set out in compliance with Indian Accounting Standards (IND-AS) for the quarter and half year ended September 30, 2025 together with Limited ....16 Oct 2025 · Board Meeting / Outcome of Board Meeting
Sprayking Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2025 ,inter alia, to consider and approve The Unaudited Financial Results (Standalone ....13 Oct 2025 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of the SEBI (DP) Regulations, 2018 for the Quarter ended September 30, 202511 Oct 2025 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Corporate actions

Purpose	Ex date	Record date	Payment date
Stock Split From Rs.2/- to Rs.1/-	12 Aug 2025	12 Aug 2025	—
Bonus issue 1:1	21 Aug 2024	21 Aug 2024	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
10 Aug 2026 Board Meeting - Financial Results