Last close · 16 Oct 2026
Rs 39.75 -0.35%
Annual · FY2014 – FY2026
SPEL Limited (SPEL) financial ratios
SPEL Limited earned a net margin of 12.1% in FY2026 against a five-year average of 10.1% (Paper, Board & Packaging median 3.6%). Return on equity was 16.9%, compared with a sector median of 5.5%. The current ratio stood at 2.97× and debt was 12.1% of equity. Cash took about 118 days to cycle through receivables, inventory and payables.
FY2026 vs the Paper, Board & Packaging median
- Gross margin
- 26.3%
- Sector median 14.1%
- Operating margin
- 20.4%
- Sector median 9.6%
- Net margin
- 12.1%
- Sector median 3.6%
- Return on equity (ROE)
- 16.9%
- Sector median 5.5%
- Return on assets (ROA)
- 12.6%
- Sector median 2.5%
- Current ratio
- 2.97×
- Sector median 1.50×
- Debt to equity
- 12.1%
- Sector median 43.0%
- Asset turnover
- 1.04×
- Sector median 0.87×
- Dividend payout ratio
- 15.0%
- Sector median 22.6%
Median of the 12 companies in the sector with the figure for their latest fiscal year.
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||
| Gross margin | 26.3% | 26.9% | 19.0% | 20.4% | 19.7% | ||||||||
| EBITDA margin | 24.4% | 25.4% | 18.1% | 20.6% | 19.7% | ||||||||
| Operating margin | 20.4% | 21.8% | 13.5% | 15.6% | 15.3% | ||||||||
| Pre-tax margin | 19.7% | 20.7% | 13.0% | 13.4% | 13.5% | ||||||||
| Net margin | 12.1% | 13.0% | 9.2% | 7.6% | 8.5% | ||||||||
| Effective tax rate | 38.8% | 37.1% | 29.4% | 42.9% | 36.8% | ||||||||
| Returns | |||||||||||||
| Return on equity (ROE) | 16.9% | 22.3% | 13.1% | 11.1% | 14.2% | ||||||||
| Return on assets (ROA) | 12.6% | 16.1% | 9.1% | 7.5% | 10.1% | ||||||||
| Return on invested capital (ROIC) | 15.8% | 20.8% | 12.5% | 10.3% | 13.0% | ||||||||
| Liquidity | |||||||||||||
| Current ratio | 2.97× | 3.27× | 2.35× | 2.27× | 2.52× | ||||||||
| Quick ratio | 1.44× | 1.80× | 1.11× | 0.89× | 0.98× | ||||||||
| Leverage | |||||||||||||
| Debt to equity | 12.1% | 10.9% | 17.8% | 23.2% | 25.2% | ||||||||
| Debt to capital | 10.8% | 9.8% | 15.1% | 18.8% | 20.1% | ||||||||
| Debt to assets | 9.0% | 8.1% | 12.5% | 15.7% | 17.4% | ||||||||
| Assets to equity | 1.34× | 1.38× | 1.45× | 1.47× | 1.41× | ||||||||
| Efficiency | |||||||||||||
| Asset turnover | 1.04× | 1.24× | 0.98× | 0.99× | 1.18× | ||||||||
| Receivable days days | 47 | 38 | 35 | 35 | 35 | ||||||||
| Inventory days days | 110 | 89 | 105 | 104 | 75 | ||||||||
| Payable days days | 39 | 35 | 37 | 30 | 22 | ||||||||
| Cash conversion cycle days | 118 | 92 | 103 | 108 | 87 | ||||||||
| Dividends | |||||||||||||
| Dividend payout ratio | 15.0% | 21.2% | 14.8% | 9.9% | 27.1% | ||||||||
| Earnings retention rate | 0.85× | 0.79× | 0.85× | 0.90× | 0.73× | ||||||||
Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.
SPEL: frequently asked questions
What is SPEL's EPS?
SPEL Limited reported basic earnings per share of Rs 5.99 for FY2026 (Jul 2025 – Jun 2026).
What is SPEL's P/E ratio?
At the closing price of Rs 39.75 on 16 Oct 2026, SPEL trades at a P/E of 6.6× based on EPS of Rs 5.99 (FY2026).
Does SPEL pay dividends?
Yes. SPEL Limited declared a dividend of Rs 1.00 per share for FY2026. It has paid a dividend in each of the last 12 years. At Rs 39.75 that is a dividend yield of 2.5%.
What was SPEL's revenue and profit in FY2026?
SPEL Limited reported revenue of Rs 9.4 bn and profit attributable to shareholders of Rs 1.1 bn for FY2026 (Jul 2025 – Jun 2026).
What is SPEL's book value per share?
SPEL Limited's book value per share was Rs 38.56 at the end of FY2026. The shares trade at 1.03× book value.
Information only, not investment advice.