
About SPML Infra Limited
Data last updated:
SPML Infra Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the water treatment segment of the environmental services sector. It was incorporated on 27 August 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L40106WB1981PLC276372. Its GSTIN is 19AADCS2469K1ZW (West Bengal). The company holds 27 GST registrations, of which 18 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500402 and NSE: SPMLINFRA.
The company has an authorised share capital of ₹115 Cr and a paid-up capital of ₹16.83 Cr. It was formerly known as Subhash Projects and Marketing Private Limited and Subhash Projects and Marketing Limited. It is led by directors including Abhinandan Sethi (Managing Director) and Manoj Kumar Digga (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 22 Camac Street Block – A 3rd Floor, Kolkata West Bengal India, West Bengal, India – 700016.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹868.46 Cr, a growth of 12.7% compared to the previous year. For the same year it recorded a net profit of ₹74.68 Cr (net margin 8.6%) and EBITDA of ₹65.39 Cr (EBITDA margin 7.5%). The net worth stands at ₹948.16 Cr (up 23.1% YoY). Total assets are valued at ₹1,555.31 Cr (up 10.1% YoY).
The company has about 215 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries and 5 joint ventures.
The company is associated with 1 brand: SPML Infra Ltd. As per MCA filings, the company has open charges of ₹6,041.49 Cr and satisfied charges of ₹4,330.43 Cr on record. Court records list 1,170 cases involving the company, including 725 filed by the company and 447 filed against it; 313 cases are pending. The company has 60 deals on record (54 market trades, 6 funding rounds), with disclosed funding of ₹290.86 Cr; the latest was in March 2026. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 709 overdue payments to 144 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spml.co.in.
Company details
Name history
SPML Infra has undergone 2 name changes throughout its history. The company was previously known as Subhash Projects And Marketing Private Limited, and Subhash Projects And Marketing Limited. The current legal name is Spml Infra Limited.
| Company Name | Status |
|---|---|
| SPML Infra Limited | Current |
| Subhash Projects And Marketing Private Limited | Previous |
| Subhash Projects And Marketing Limited | Previous |
CIN history
SPML Infra has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40106WB1981PLC276372, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40106WB1981PLC276372 | Current |
| L99999DL1981PLC012228 | Previous |
| L40106DL1981PLC012228 | Previous |
Contact details
SPML Infra Limited's registered office is in Kolkata, West Bengal. Its website is spml.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address22 Camac Street Block – A 3rd Floor, Kolkata West Bengal India, West Bengal, India – 700016
- IndustryEnvironment, Water Treatment
To see the full contact details of SPML Infra Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
SPML Infra operates one associated brand: SPML Infra Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure development and engineering services are provided in India. | spml.co.in |
Business activity
The main business activities of SPML Infra are water supply, sewerage and waste management and construction. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of SPML Infra Limited, buy the company report.
Financials of SPML Infra Limited
FY 2025-26 filings availableSPML Infra Limited reported revenue of ₹868.46 Cr (up 12.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 868 | 771 | 1,319 | 883 | 952 | 683 | 1,706 |
| Revenue growth | +12.7% | -41.6% | +49.4% | -7.2% | +39.4% | -60.0% | - |
| EBITDA | 65.39 | 42.72 | (891) | 28.80 | 5.16 | (114) | 76.22 |
| EBITDA margin | +7.5% | +5.5% | -67.6% | +3.3% | +0.5% | -16.7% | +4.5% |
| Profit before tax | 74.68 | 56.51 | (0.22) | 2.92 | (1.27) | (122) | 21.13 |
| Net profit | 74.68 | 47.87 | (4.74) | 0.39 | (0.15) | (10.99) | 6.07 |
| Net profit margin | +8.6% | +6.2% | -0.4% | +0.0% | -0.0% | -1.6% | +0.4% |
| EPS (₹) | 9.33 | 6.32 | (1.31) | 0.08 | 0.07 | (28.61) | 1.61 |
| Balance sheet | |||||||
| Total assets | 1,555 | 1,412 | 1,444 | 2,295 | 2,280 | 2,226 | 2,087 |
| Net worth | 948 | 770 | 460 | 342 | 320 | 262 | 384 |
| Total debt | 358 | 369 | 549 | 1,754 | 1,812 | 1,844 | 1,528 |
| Cash & bank | 167 | 209 | 234 | 22.77 | 42.64 | 59.36 | 33.87 |
| Net working capital | 587 | 485 | 586 | 1,201 | 1,273 | 1,280 | 910 |
| Cash flow | |||||||
| Cash from operations | (113) | (84.66) | 594 | 20.04 | (18.96) | (302) | (2.63) |
| Cash from investing | (2.33) | (90.50) | 23.26 | 45.92 | 35.96 | 90.83 | 259 |
| Cash from financing | 48.98 | 76.52 | (410) | (86.58) | (15.97) | 231 | (273) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 284 | 291 | 230 | 190 | 156 | 189 | 188 | 189 |
| Revenue growth (YoY) | +82.3% | +53.7% | +22.3% | +0.8% | -24.6% | - | - | - |
| Other income | 1.39 | 3.40 | 1.37 | 8.44 | 17.03 | 12.38 | 4.04 | 12.21 |
| EBITDA | 26.85 | 20.06 | 24.79 | 11.18 | 7.20 | 10.30 | 9.67 | 12.83 |
| EBITDA margin | +9.4% | +6.9% | +10.8% | +5.9% | +4.6% | +5.4% | +5.1% | +6.8% |
| Depreciation | 0.58 | 1.36 | 0.52 | 0.20 | 0.11 | 0.19 | 0.11 | 0.27 |
| Interest | 4.98 | 1.69 | 5.31 | 0.40 | 9.20 | 9.95 | 1.39 | 8.99 |
| Profit before tax | 22.68 | 20.41 | 20.33 | 19.02 | 14.92 | 12.54 | 12.21 | 15.78 |
| Tax | 0.00 | (6.77) | 0.00 | 3.97 | 2.80 | 0.53 | 2.25 | 2.72 |
| Net profit | 22.68 | 27.18 | 20.33 | 15.05 | 12.12 | 12.01 | 9.96 | 13.06 |
| EPS (₹) | 2.70 | 3.14 | 2.46 | 1.79 | 1.44 | 1.03 | 1.04 | 2.05 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 868 | 777 | 1,318 | 878 | 853 | 615 | 824 |
| Revenue growth | +11.8% | -41.1% | +50.2% | +2.9% | +38.6% | -25.3% | - |
| EBITDA | 66.97 | 51.75 | (840) | 36.16 | 16.72 | (82.51) | 48.75 |
| EBITDA margin | +7.7% | +6.7% | -63.7% | +4.1% | +2.0% | -13.4% | +5.9% |
| Profit before tax | 76.26 | 57.87 | 20.73 | 2.66 | 8.85 | (113) | 1.59 |
| Net profit | 72.75 | 49.21 | 15.59 | 0.01 | 9.79 | (107) | 2.42 |
| Net profit margin | +8.4% | +6.3% | +1.2% | 0.0% | +1.2% | -17.4% | +0.3% |
| EPS (₹) | 9.17 | 6.50 | 3.66 | 0.42 | 2.28 | (26.16) | 0.59 |
| Balance sheet | |||||||
| Total assets | 1,605 | 1,471 | 1,487 | 2,246 | 2,217 | 2,190 | 2,031 |
| Net worth | 999 | 819 | 509 | 349 | 332 | 274 | 386 |
| Total debt | 357 | 379 | 558 | 1,704 | 1,742 | 1,811 | 1,486 |
| Cash & bank | 167 | 208 | 232 | 20.88 | 41.38 | 57.68 | 32.87 |
| Net working capital | 561 | 496 | 558 | 1,160 | 1,270 | 1,309 | 927 |
| Cash flow | |||||||
| Cash from operations | (70.34) | (73.04) | 490 | 73.47 | 29.33 | (272) | (133) |
| Cash from investing | 3.12 | (103) | 25.38 | (23.64) | 13.35 | 15.21 | 78.26 |
| Cash from financing | 1.33 | 78.70 | (307) | (71.08) | (41.23) | 276 | 66.86 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 284 | 291 | 230 | 190 | 158 | 192 | 188 | 189 |
| Revenue growth (YoY) | +79.9% | +51.6% | +22.3% | +0.8% | -23.6% | - | - | - |
| Other income | 1.39 | 3.40 | 1.37 | 8.42 | 6.21 | 0.24 | 4.00 | 12.18 |
| Total expenses | 257 | 269 | 205 | 179 | 149 | 178 | 178 | 175 |
| EBITDA | 26.88 | 21.26 | 24.92 | 11.41 | 9.38 | 13.42 | 10.17 | 13.79 |
| EBITDA margin | +9.5% | +7.3% | +10.8% | +6.0% | +5.9% | +7.0% | +5.4% | +7.3% |
| Depreciation | 0.58 | 1.36 | 0.52 | 0.20 | 0.11 | 0.19 | 0.11 | 0.27 |
| Interest | 4.98 | 1.69 | 5.31 | 0.40 | 0.52 | 1.13 | 1.39 | 8.99 |
| Profit before tax | 22.71 | 21.61 | 20.46 | 19.23 | 14.96 | 12.34 | 12.67 | 16.71 |
| Tax | 0.00 | (6.77) | 0.00 | 3.97 | 2.80 | 0.53 | 2.25 | 2.72 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 284 | 291 | 230 | 190 | 156 | 189 | 188 | 189 |
| Revenue growth (YoY) | +82.3% | +53.7% | +22.3% | +0.8% | -24.6% | - | - | - |
| Other income | 1.39 | 3.40 | 1.37 | 8.44 | 17.03 | 12.38 | 4.04 | 12.21 |
| EBITDA | 26.85 | 20.06 | 24.79 | 11.18 | 7.20 | 10.30 | 9.67 | 12.83 |
| EBITDA margin | +9.4% | +6.9% | +10.8% | +5.9% | +4.6% | +5.4% | +5.1% | +6.8% |
| Depreciation | 0.58 | 1.36 | 0.52 | 0.20 | 0.11 | 0.19 | 0.11 | 0.27 |
| Interest | 4.98 | 1.69 | 5.31 | 0.40 | 9.20 | 9.95 | 1.39 | 8.99 |
| Profit before tax | 22.68 | 20.41 | 20.33 | 19.02 | 14.92 | 12.54 | 12.21 | 15.78 |
| Tax | 0.00 | (6.77) | 0.00 | 3.97 | 2.80 | 0.53 | 2.25 | 2.72 |
| Net profit | 22.68 | 27.18 | 20.33 | 15.05 | 12.12 | 12.01 | 9.96 | 13.06 |
| EPS (₹) | 2.70 | 3.14 | 2.46 | 1.79 | 1.44 | 1.03 | 1.04 | 2.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 868 | 771 | 1,319 | 883 | 952 | 683 | 1,706 |
| Revenue growth | +12.7% | -41.6% | +49.4% | -7.2% | +39.4% | -60.0% | - |
| Other income | 19.40 | 54.14 | 950 | 27.57 | 30.00 | 63.77 | 112 |
| Total expenses | 803 | 728 | 2,210 | 854 | 947 | 797 | 1,630 |
| Employee cost | 0.00 | 25.16 | 24.34 | 26.83 | 28.21 | 26.22 | 53.56 |
| EBITDA | 65.39 | 42.72 | (891) | 28.80 | 5.16 | (114) | 76.22 |
| EBITDA margin | +7.5% | +5.5% | -67.6% | +3.3% | +0.5% | -16.7% | +4.5% |
| Depreciation | 2.19 | 0.91 | 2.37 | 3.19 | 4.01 | 5.56 | 11.18 |
| Interest | 7.92 | 39.44 | 56.92 | 50.26 | 32.88 | 66.95 | 157 |
| Profit before tax | 74.68 | 56.51 | (0.22) | 2.92 | (1.27) | (122) | 21.13 |
| Tax | 0.00 | 8.58 | 1.38 | 2.58 | (1.12) | (4.53) | 14.54 |
| Net profit | 74.68 | 47.87 | (4.74) | 0.39 | (0.15) | (10.99) | 6.07 |
| Net profit margin | +8.6% | +6.2% | -0.4% | +0.0% | -0.0% | -1.6% | +0.4% |
| EPS (₹) | 9.33 | 6.32 | (1.31) | 0.08 | 0.07 | (28.61) | 1.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.63 | 15.16 | 10.66 | 27.72 | 42.80 | 8.19 | 8.19 |
| Reserves & surplus | 904 | 704 | 415 | 315 | 277 | 254 | 376 |
| Shareholders' funds (net worth) | 948 | 770 | 460 | 342 | 320 | 262 | 384 |
| Minority interest | 0.00 | 0.00 | 3.21 | 6.54 | 6.70 | 15.29 | 15.84 |
| Secured loans | 336 | 345 | 287 | 1,606 | 1,629 | 1,649 | 1,304 |
| Unsecured loans | 21.64 | 23.83 | 262 | 148 | 182 | 195 | 224 |
| Total debt | 358 | 369 | 549 | 1,754 | 1,812 | 1,844 | 1,528 |
| Total liabilities | 1,555 | 1,412 | 1,444 | 2,295 | 2,280 | 2,226 | 2,087 |
| Assets | |||||||
| Gross block | 343 | 343 | 381 | 398 | 402 | 384 | 385 |
| Net block | 42.74 | 6.12 | 41.84 | 129 | 133 | 117 | 122 |
| Capital work in progress | 64.21 | 0.34 | 0.00 | 56.35 | 56.35 | 56.35 | 56.35 |
| Investments | 35.72 | 38.70 | 38.00 | 58.65 | 64.92 | 69.85 | 119 |
| Inventories | 124 | 50.05 | 37.38 | 92.44 | 90.23 | 71.24 | 62.74 |
| Sundry debtors | 514 | 396 | 404 | 459 | 1,220 | 1,217 | 468 |
| Cash & bank balances | 167 | 209 | 234 | 22.77 | 42.64 | 59.36 | 33.87 |
| Loans & advances | 523 | 385 | 358 | 1,123 | 438 | 427 | 1,256 |
| Total current assets | 1,328 | 1,040 | 1,034 | 1,698 | 1,791 | 1,775 | 1,821 |
| Total current liabilities | 741 | 555 | 448 | 497 | 518 | 495 | 911 |
| Net working capital | 587 | 485 | 586 | 1,201 | 1,273 | 1,280 | 910 |
| Total assets | 1,555 | 1,412 | 1,444 | 2,295 | 2,280 | 2,226 | 2,087 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 129 | 228 | 20.07 | 40.69 | 39.65 | 20.28 | 36.85 |
| Net cash from operating activities | (113) | (84.66) | 594 | 20.04 | (18.96) | (302) | (2.63) |
| Net cash from investing activities | (2.33) | (90.50) | 23.26 | 45.92 | 35.96 | 90.83 | 259 |
| Net cash from financing activities | 48.98 | 76.52 | (410) | (86.58) | (15.97) | 231 | (273) |
| Net change in cash | (65.88) | (98.64) | 208 | (20.62) | 1.03 | 19.38 | (16.57) |
| Closing cash | 167 | 209 | 234 | 22.77 | 42.64 | 59.36 | 33.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.7% | -41.6% | +49.4% | -7.2% | +39.4% | -60.0% | - |
| EBITDA growth | +53.1% | +104.8% | -3194.1% | +458.1% | +104.5% | -249.7% | - |
| PBT growth | +32.2% | +9998.0% | - | +9998.0% | +99.0% | - | -67.3% |
| Net income growth | +56.0% | +1109.9% | -1315.4% | +360.0% | +98.6% | -281.1% | - |
| Revenue CAGR (3Y) | -0.6% | -6.8% | +24.5% | -19.7% | -22.1% | -30.7% | -9.2% |
| EBITDA CAGR (3Y) | +31.4% | +102.3% | +98.4% | -27.7% | -68.7% | - | -24.3% |
| Profitability & leverage | |||||||
| Net income margin | +8.6% | +6.2% | -0.1% | +0.0% | -0.1% | -17.3% | +0.4% |
| Return on capital employed | - | +6.7% | +3.1% | +2.3% | +1.3% | +2.2% | +8.6% |
| Return on net worth | - | +7.8% | +0.2% | +0.1% | -0.6% | -5.0% | +1.6% |
| Debt / equity | - | 0.75 | 2.87 | 5.38 | 6.28 | 5.22 | 3.70 |
| Long-term debt / equity | - | 0.52 | 1.12 | 1.82 | 2.15 | 2.02 | 1.67 |
| Interest cover | 12.53 | 94.33 | -6.37 | 196.25 | 2,859.13 | -55.95 | 241.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.13 | 3.39 | 2.21 | 2.42 | 1.78 | 3.66 |
| Inventory turnover | - | 17.63 | 20.32 | 9.67 | 11.79 | 10.19 | 26.38 |
| Debtors turnover | - | 1.93 | 3.05 | 1.05 | 0.78 | 0.81 | 2.98 |
| EPS (₹) | 9.33 | 6.32 | (1.31) | 0.08 | 0.07 | (28.61) | 1.61 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 94.91 | 79.81 | 65.27 | 65.33 | 63.96 | 93.80 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 284 | 291 | 230 | 190 | 158 | 192 | 188 | 189 |
| Revenue growth (YoY) | +79.9% | +51.6% | +22.3% | +0.8% | -23.6% | - | - | - |
| Other income | 1.39 | 3.40 | 1.37 | 8.42 | 6.21 | 0.24 | 4.00 | 12.18 |
| Total expenses | 257 | 269 | 205 | 179 | 149 | 178 | 178 | 175 |
| EBITDA | 26.88 | 21.26 | 24.92 | 11.41 | 9.38 | 13.42 | 10.17 | 13.79 |
| EBITDA margin | +9.5% | +7.3% | +10.8% | +6.0% | +5.9% | +7.0% | +5.4% | +7.3% |
| Depreciation | 0.58 | 1.36 | 0.52 | 0.20 | 0.11 | 0.19 | 0.11 | 0.27 |
| Interest | 4.98 | 1.69 | 5.31 | 0.40 | 0.52 | 1.13 | 1.39 | 8.99 |
| Profit before tax | 22.71 | 21.61 | 20.46 | 19.23 | 14.96 | 12.34 | 12.67 | 16.71 |
| Tax | 0.00 | (6.77) | 0.00 | 3.97 | 2.80 | 0.53 | 2.25 | 2.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 868 | 777 | 1,318 | 878 | 853 | 615 | 824 |
| Revenue growth | +11.8% | -41.1% | +50.2% | +2.9% | +38.6% | -25.3% | - |
| Other income | 19.40 | 11.15 | 919 | 19.31 | 17.00 | 43.19 | 105 |
| Total expenses | 801 | 725 | 2,158 | 842 | 836 | 698 | 775 |
| Employee cost | 31.72 | 25.12 | 24.07 | 26.48 | 27.72 | 25.81 | 42.20 |
| EBITDA | 66.97 | 51.75 | (840) | 36.16 | 16.72 | (82.51) | 48.75 |
| EBITDA margin | +7.7% | +6.7% | -63.7% | +4.1% | +2.0% | -13.4% | +5.9% |
| Depreciation | 2.19 | 0.88 | 2.08 | 2.98 | 3.90 | 5.43 | 5.62 |
| Interest | 7.92 | 4.15 | 56.79 | 49.83 | 20.97 | 68.41 | 147 |
| Profit before tax | 76.26 | 57.87 | 20.73 | 2.66 | 8.85 | (113) | 1.59 |
| Tax | 0.00 | 8.58 | 1.21 | 0.55 | (1.12) | (5.98) | (0.84) |
| Net profit | 72.75 | 49.21 | 15.59 | 0.01 | 9.79 | (107) | 2.42 |
| Net profit margin | +8.4% | +6.3% | +1.2% | 0.0% | +1.2% | -17.4% | +0.3% |
| EPS (₹) | 9.17 | 6.50 | 3.66 | 0.42 | 2.28 | (26.16) | 0.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.63 | 15.16 | 10.66 | 27.72 | 42.80 | 8.19 | 8.19 |
| Reserves & surplus | 952 | 752 | 358 | 322 | 289 | 266 | 378 |
| Shareholders' funds (net worth) | 999 | 819 | 509 | 349 | 332 | 274 | 386 |
| Secured loans | 336 | 345 | 287 | 1,595 | 1,585 | 1,607 | 1,292 |
| Unsecured loans | 20.86 | 33.75 | 271 | 109 | 157 | 203 | 193 |
| Total debt | 357 | 379 | 558 | 1,704 | 1,742 | 1,811 | 1,486 |
| Total liabilities | - | - | 1,487 | 2,246 | 2,217 | 2,190 | 2,031 |
| Assets | |||||||
| Gross block | 216 | 213 | 213 | 234 | 239 | 240 | 241 |
| Net block | 39.53 | 2.92 | 3.60 | 90.03 | 94.20 | 97.38 | 103 |
| Capital work in progress | 64.21 | 0.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 55.21 | 57.61 | 73.78 | 98.97 | 103 | 103 | 128 |
| Inventories | 124 | 50.05 | 37.38 | 92.44 | 90.23 | 71.24 | 62.74 |
| Sundry debtors | 418 | 300 | 319 | 372 | 1,114 | 1,135 | 339 |
| Cash & bank balances | 167 | 208 | 232 | 20.88 | 41.38 | 57.68 | 32.87 |
| Loans & advances | 503 | 391 | 326 | 1,060 | 380 | 365 | 1,154 |
| Total current assets | 1,211 | 949 | 915 | 1,546 | 1,626 | 1,629 | 1,589 |
| Total current liabilities | 650 | 453 | 357 | 386 | 356 | 320 | 662 |
| Net working capital | 561 | 496 | 558 | 1,160 | 1,270 | 1,309 | 927 |
| Total assets | 1,605 | 1,471 | 1,487 | 2,246 | 2,217 | 2,190 | 2,031 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 129 | 227 | 18.18 | 39.43 | 37.97 | 19.28 | 7.46 |
| Net cash from operating activities | (70.34) | (73.04) | 490 | 73.47 | 29.33 | (272) | (133) |
| Net cash from investing activities | 3.12 | (103) | 25.38 | (23.64) | 13.35 | 15.21 | 78.26 |
| Net cash from financing activities | 1.33 | 78.70 | (307) | (71.08) | (41.23) | 276 | 66.86 |
| Net change in cash | (65.89) | (97.43) | 209 | (21.25) | 1.45 | 18.70 | 11.81 |
| Closing cash | 167 | 208 | 232 | 20.88 | 41.38 | 57.68 | 32.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.8% | -41.1% | +50.2% | +2.9% | +38.6% | -25.3% | - |
| EBITDA growth | +29.4% | +106.2% | -2422.0% | +116.3% | +120.3% | -269.3% | - |
| PBT growth | +31.8% | +179.2% | +679.3% | -69.9% | +9998.0% | - | -97.6% |
| Net income growth | +47.8% | +215.7% | - | -99.9% | +109.1% | -4531.8% | - |
| Revenue CAGR (3Y) | -0.4% | -3.1% | +28.9% | +2.1% | -15.9% | -23.2% | -21.5% |
| EBITDA CAGR (3Y) | +22.8% | +45.7% | +116.7% | -9.5% | -53.3% | - | -34.3% |
| Profitability & leverage | |||||||
| Net income margin | +8.8% | +6.3% | +1.5% | +0.2% | +1.2% | -17.4% | +0.3% |
| Return on capital employed | +5.5% | +4.2% | +3.9% | +2.2% | +1.4% | +2.9% | +7.6% |
| Return on net worth | +8.4% | +7.4% | +3.7% | 0.0% | +3.5% | -32.5% | +0.6% |
| Debt / equity | 0.40 | 0.71 | 2.63 | 5.06 | 5.87 | 4.99 | 3.65 |
| Long-term debt / equity | 0.36 | 0.50 | 1.06 | 1.75 | 2.03 | 1.92 | 1.70 |
| Interest cover | 12.23 | 8.16 | -6.75 | 150.18 | 163.57 | -77.79 | 339.79 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.05 | 3.65 | 5.89 | 3.71 | 3.56 | 2.56 | 3.45 |
| Inventory turnover | 9.98 | 17.78 | 20.31 | 9.61 | 10.57 | 9.19 | 14.04 |
| Debtors turnover | 2.42 | 2.51 | 3.82 | 1.18 | 0.76 | 0.83 | 2.51 |
| EPS (₹) | 9.17 | 6.50 | 3.66 | 0.42 | 2.28 | (26.16) | 0.59 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 116.49 | 101.18 | 69.19 | 66.68 | 68.03 | 66.86 | 94.32 |
To see the full year-wise statements and ratios of SPML Infra Limited, buy the company report.
Board of directors of SPML Infra Limited
SPML Infra has 10 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhinandan Sethi | Managing Director | 03 Sep 2025 | 1 Years 1 Months | Current |
| Tharuvai Venugopal Rangaswami Also directs: Epic Green Urja Private Limited, Epic Concesiones 2 Private Limited, Epic Transnet Infrastructure Private Limited and 2 more | Nominee Director | 24 Oct 2024 | 1 Years 11 Months | Current |
| Srivatsan Sivashankar Tiruvidaimarudhur Also directs: Indchemie Health Specialities Private Limited | Director | 08 Jun 2021 | 5 Years 4 Months | Current |
| Rajeev Kumar Jain Also directs: Transrail Lighting Limited | Director | 03 Sep 2025 | 1 Years 1 Months | Current |
| Arundhuti Dhar | Director | 13 Feb 2023 | 3 Years 8 Months | Current |
| Mahendra Pal Singh | Director | 21 Sep 2024 | 2 Years 1 Months | Current |
Auditor
SPML Infra Limited is audited by Maheshwari & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Maheshwari & Associates | FY 2023 | 311008E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 40.80%, foreign institutional investors hold 0.30%, domestic institutional investors hold 14.40% and retail and other public shareholders hold 44.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 40.80% | 40.20% | 37.80% | 35.10% |
| Public | 59.20% | 59.80% | 62.20% | 64.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101138670 | Indian Overseas Bank | ₹505 Cr | Open | |
| 17 May 2024 | 100969985 | Sbicap Trustee Company Limited | ₹601.08 Cr | Open | |
| 21 Mar 2018 | 100181454 | Sbicap Trustee Company Limited | ₹56.8 Cr | Open | |
| 21 Mar 2018 | 100181623 | Sbicap Trustee Company Limited | ₹2,604.52 Cr | Open | |
| 21 Mar 2018 | 100189649 | Sbicap Trustee Company Limited | ₹31.67 Cr | Open |
To see the full charge records of SPML Infra Limited, buy the company report.
Total charge records: 60 View all charges
Deals & funding
SPML Infra Limited has 60 deals on record (54 market trades, 6 funding rounds), with disclosed funding of ₹290.86 Cr; the latest was in March 2026.
Deals on record (5 of 60)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹9.73 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Mar 2026 | Market trade | ₹38.59 Cr | Buyer: NK Securities Research Private Limited , Junomoneta Finsol Private Limited , an individual Seller: NK Securities Research Private Limited , Junomoneta Finsol Private Limited , an individual |
| Mar 2026 | Market trade | ₹86.87 Cr | Buyer: NK Securities Research Private Limited , Silverleaf Capital Services Private Limited , Junomoneta Finsol Private Limited , an individual Seller: NK Securities Research Private Limited , Silverleaf Capital Services Private Limited , Junomoneta Finsol Private Limited , an individual |
| Jan 2026 | Market trade | ₹25.02 Cr | Buyer: Kedia Securities Pvt Ltd Seller: SPML Industries Limited |
| Jan 2026 | Market trade | ₹8.71 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
To see the full deal history of SPML Infra Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SPML Infra Limited has 1,170 court cases on record: 725 filed by SPML Infra, 447 filed against it. 313 cases are pending and 857 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 652 | 191 | 137 |
| District courts | 435 | 207 | 153 |
| Supreme Court | 52 | 29 | 9 |
| NCLAT | 20 | 9 | 14 |
| NCLT | 11 | 11 | 0 |
Cases on record (5 of 1,170)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Power Grid Corporation of India Limited | Pending |
| Supreme Court | Court case | Filed against the company by M/S. Hubli Electricity Supply Company Limited | Pending |
| Allahabad High Court | Court case (ARPLD) | Filed against the company by U.P. Power Corporation Limited Lucknwo Thru Chairman and Ors. | Pending |
| High Court of Karnataka | Arbitration matter | Filed against the company by Karnataka Neeravari Nigam Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against Karnataka Neeravari Nigam Limited | Pending |
To see the full case history of SPML Infra Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
SPML Infra Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 709 overdue payments to 144 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 144)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Adinath Industries | |||
| Imp Engineering and Power Private Limited | |||
| Maheshwari and Associates | |||
| Big Pestagone Private Limited | |||
| an individual supplier |
To see the full MSME payment records of SPML Infra Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
SPML Infra has 9 subsidiary companies, 5 joint ventures, and 6 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bhagalpur Electricity Distribution Company Private Limited | U40300WB2013PTC193917 | |
| SPML Infrastructure Limited | U45201KA2007PLC043613 | |
| Pondicherry Special Economic Zone Company Limited | U45209KA2006PLC160225 | |
| Sanmati Infradevelopers Private Limited | U55103KA2006PTC040751 | |
| Madurai Municipal Waste Processing Company Private Limited | U74999KA2008PTC169800 | |
| SPML Utilities Limited | U90000KA2008PLC046115 |
To see the full group structure of SPML Infra Limited, buy the company report.
Employees & EPFO
SPML Infra Limited has a workforce of 215 employees on its EPFO records as of Mar 27, 2024, across 3 active EPFO establishments.
GST
SPML Infra has 27 GST registrations: 18 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCS2469K1ZW | West Bengal | Active | 01 Jul 2017 |
| 19AADCS2469K2ZV | West Bengal | Active | 31 Aug 2017 |
| 06AADCS2469K2Z2 | Haryana | Active | 01 Jul 2017 |
| 07AADCS2469K1Z1 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SPML Infra Limited, buy the company report.
Recent activity
SPML Infra Limited has 45 board changes on record since 1981: 10 appointments and 35 cessations. The latest: Abhinandan Sethi ceased to be Additional Director on 10 Oct 2025.
168 earlier events are in the company report.
News
Frequently asked questions
SPML Infra is an active public limited company based in Kolkata, West Bengal, India. The company works in water treatment, within the environment industry. It was incorporated on 27 August 1981 (45+ years old) and is registered under CIN L40106WB1981PLC276372. Listed on BSE: 500402 and NSE: SPMLINFRA.
SPML Infra reported revenue of ₹868.46 Cr for FY 2025-26 (up 12.7% YoY) based on consolidated financials.
SPML Infra has 10 current directors:
- Abhinandan Sethi - Managing Director
- Manoj Kumar Digga - Whole-Time Director
- Tharuvai Venugopal Rangaswami - Nominee Director
- Srivatsan Sivashankar Tiruvidaimarudhur - Director
- Rajeev Kumar Jain - Director
- Arundhuti Dhar - Director
- Mahendra Pal Singh - Director
- Subhash Chand Sethi - Director
- Sushil Kumar Sethi - Director
- Neeta Karmakar - Director
The latest financial statements of SPML Infra on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of SPML Infra is 19AADCS2469K1ZW, registered in West Bengal. The company has 27 GST registrations in all, of which 18 are active and 9 are cancelled or inactive. Other active GSTINs include 19AADCS2469K2ZV (West Bengal), 06AADCS2469K2Z2 (Haryana), 07AADCS2469K1Z1 (Delhi).
The CIN (Corporate Identification Number) of SPML Infra is L40106WB1981PLC276372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. SPML Infra is a listed company as per MCA records. Its shares are listed on both BSE (code: 500402) and NSE (symbol: SPMLINFRA).
SPML Infra has 1,170 court cases on record: 725 filed by the company and 447 filed against it. 313 are pending. Most are in the high courts.
SPML Infra was incorporated on 27 August 1981, making it 45+ years old. It is registered with the Registrar of Companies, Kolkata.
SPML Infra has 60 deals on record (54 market trades, 6 funding rounds), with disclosed funding of ₹290.86 Cr; the latest was in March 2026.
Abhinandan Sethi ceased to be Additional Director on 10 Oct 2025. Rajeev Kumar Jain ceased to be Additional Director on 10 Oct 2025. Abhinandan Sethi was appointed as Managing Director on 03 Sep 2025. SPML Infra has 45 board changes on record in total.