Spa Capital Services Limited
About Spa Capital Services Limited
Data last updated:
Spa Capital Services Limited is a public limited company based in New Delhi, Delhi, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 20 July 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L65910DL1984PLC018749. Its GSTIN is 07AAGCS5765B1ZC (Delhi). The company holds 9 GST registrations, of which 8 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 542376.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.07 Cr. It was formerly known as Aristocrat Leasing and Finance Limited. It is led by directors including Sandeep Parwal (Managing Director) and Sugeeta Upadhyay.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 25 C – Block Community Centrejanakpuri, New Delhi, Delhi, India – 110058.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹38.62 Cr, a growth of 17.2% compared to the previous year. For the same year it recorded a net profit of ₹89 Lakh (net margin 2.3%) and EBITDA of ₹1.67 Cr (EBITDA margin 4.3%). The net worth stands at ₹17.83 Cr (up 4.9% YoY). Total assets are valued at ₹34.78 Cr (down 10.6% YoY).
The company is associated with 1 brand: SPA Capital Services. As per MCA filings, the company has open charges of ₹11.24 Cr and satisfied charges of ₹2.32 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Spa Capital Services has one previous CIN (Corporate Identification Number): U65910DL1984PLC018749. The current CIN is L65910DL1984PLC018749, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910DL1984PLC018749 | Current |
| U65910DL1984PLC018749 | Previous |
Contact details
Spa Capital Services Limited's registered office is in New Delhi, Delhi. Its website is spacapital.comcapitalservices. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address25 C – Block Community Centrejanakpuri, New Delhi, Delhi, India – 110058
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Spa Capital Services 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
Spa Capital Services operates one associated brand: SPA Capital Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers financial advisory, wealth management, insurance, and merchant banking services across India. | spacapital.com |
Business activity
The main business activity of Spa Capital Services is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies and financial advisory, brokerage and consultancy services. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies | |
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Spa Capital Services Limited, buy the company report.
Financials of Spa Capital Services Limited
FY 2025-26 filings availableSpa Capital Services Limited reported revenue of ₹38.62 Cr (up 17.2% YoY) for FY 2025-26.
Financial Highlights
FY 2023-24 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 21.08 | 16.59 | 16.38 | 30.95 | 32.67 | 98.53 |
| Revenue growth | +27.1% | +1.3% | -47.1% | -5.3% | -66.8% | - |
| EBITDA | 0.72 | 0.78 | 0.95 | (0.05) | 2.07 | 3.59 |
| EBITDA margin | +3.4% | +4.7% | +5.8% | -0.2% | +6.3% | +3.6% |
| Profit before tax | 0.20 | 0.33 | 0.35 | (0.71) | 0.68 | 1.10 |
| Net profit | 0.71 | 0.43 | 0.23 | (0.46) | 0.15 | 0.62 |
| Net profit margin | +3.4% | +2.6% | +1.4% | -1.5% | +0.5% | +0.6% |
| EPS (₹) | 2.11 | 1.43 | 0.75 | (1.76) | 0.50 | 1.86 |
| Balance sheet | ||||||
| Total assets | 41.36 | 37.98 | 39.48 | 38.65 | 41.76 | 31.32 |
| Net worth | 16.88 | 16.24 | 15.80 | 15.57 | 16.48 | 17.26 |
| Total debt | 24.47 | 21.73 | 23.67 | 23.08 | 25.27 | 14.06 |
| Cash & bank | 0.16 | 0.20 | 0.22 | 0.27 | 0.29 | 0.32 |
| Net working capital | 15.29 | (1.29) | 1.28 | (0.61) | (8.15) | (22.54) |
| Cash flow | ||||||
| Cash from operations | 3.54 | 2.35 | 0.00 | 4.94 | (12.01) | (0.94) |
| Cash from investing | (5.89) | (0.04) | (0.06) | 0.01 | 0.84 | (0.82) |
| Cash from financing | 2.30 | (2.33) | 0.01 | (4.97) | 11.13 | 1.58 |
| Particulars | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.12 | 7.26 | 4.58 | 3.11 | 5.61 | 5.50 | 3.40 | 2.05 |
| Revenue growth (YoY) | +9.1% | +32.0% | +34.7% | +51.7% | +0.4% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.05 | 0.04 | 0.00 |
| EBITDA | (0.01) | 0.28 | 0.24 | 0.20 | 0.35 | 0.06 | 0.10 | 0.25 |
| EBITDA margin | -0.2% | +3.9% | +5.2% | +6.4% | +6.2% | +1.1% | +2.9% | +12.2% |
| Depreciation | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 |
| Interest | 0.14 | 0.13 | 0.07 | 0.06 | 0.11 | 0.04 | 0.09 | 0.08 |
| Profit before tax | (0.18) | 0.12 | 0.14 | 0.10 | 0.19 | 0.03 | 0.00 | 0.12 |
| Tax | (0.20) | (0.04) | 0.04 | 0.02 | 0.13 | 0.01 | 0.00 | 0.00 |
| Net profit | 0.02 | 0.16 | 0.10 | 0.08 | 0.06 | 0.02 | 0.00 | 0.12 |
| EPS (₹) | 1.00 | 0.62 | 0.46 | 0.37 | 0.82 | 0.33 | 0.01 | 0.26 |
| 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 | 38.62 | 32.94 | 21.08 | 16.59 | 16.38 | 30.95 | 32.67 |
| Revenue growth | +17.2% | +56.3% | +27.1% | +1.3% | -47.1% | -5.3% | - |
| EBITDA | 1.67 | 1.41 | 0.72 | 0.79 | 0.95 | (0.05) | 2.07 |
| EBITDA margin | +4.3% | +4.3% | +3.4% | +4.8% | +5.8% | -0.2% | +6.3% |
| Profit before tax | 1.01 | 0.80 | 0.20 | 0.34 | 0.35 | (0.71) | 0.68 |
| Net profit | 0.89 | 0.61 | 0.44 | 0.27 | 0.23 | (0.41) | 0.15 |
| Net profit margin | +2.3% | +1.9% | +2.1% | +1.6% | +1.4% | -1.3% | +0.5% |
| EPS (₹) | 2.71 | 1.61 | 1.24 | 0.89 | 0.75 | (1.61) | 0.51 |
| Balance sheet | |||||||
| Total assets | 34.78 | 38.89 | 40.98 | 37.86 | 39.53 | 38.70 | 41.76 |
| Net worth | 17.83 | 17.00 | 16.50 | 16.12 | 15.85 | 15.62 | 16.48 |
| Total debt | 16.94 | 21.88 | 24.47 | 21.73 | 23.67 | 23.08 | 25.27 |
| Cash & bank | 0.10 | 0.23 | 0.16 | 0.20 | 0.22 | 0.27 | 0.29 |
| Net working capital | 17.51 | 21.32 | 15.29 | (1.29) | 1.28 | (0.61) | (8.15) |
| Cash flow | |||||||
| Cash from operations | 7.24 | (2.76) | 3.27 | 2.35 | 0.00 | 4.94 | (12.00) |
| Cash from investing | (2.08) | 5.73 | (5.62) | (0.04) | (0.06) | 0.01 | 0.84 |
| Cash from financing | (5.29) | (2.90) | 2.30 | (2.33) | 0.01 | (4.97) | 11.13 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.30 | 10.95 | 8.22 | 8.75 | 10.69 | 14.01 | 6.05 | 8.82 |
| Revenue growth (YoY) | -3.7% | -21.8% | +35.9% | -0.8% | +163.3% | - | - | - |
| Other income | 0.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 9.81 | 10.27 | 7.77 | 8.63 | 10.29 | 13.51 | 5.75 | 8.50 |
| EBITDA | 0.49 | 0.68 | 0.45 | 0.12 | 0.40 | 0.50 | 0.30 | 0.32 |
| EBITDA margin | +4.8% | +6.2% | +5.5% | +1.4% | +3.7% | +3.6% | +5.0% | +3.6% |
| Depreciation | 0.08 | 0.09 | 0.14 | 0.08 | 0.09 | 0.09 | 0.03 | 0.03 |
| Interest | 0.03 | 0.12 | 0.04 | 0.04 | 0.07 | 0.11 | 0.09 | 0.10 |
| Profit before tax | 1.29 | 0.47 | 0.27 | 0.00 | 0.24 | 0.30 | 0.18 | 0.19 |
| Tax | 0.33 | 0.03 | 0.07 | 0.01 | 0.06 | 0.19 | 0.05 | 0.05 |
Financial Statements
| Particulars | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.12 | 7.26 | 4.58 | 3.11 | 5.61 | 5.50 | 3.40 | 2.05 |
| Revenue growth (YoY) | +9.1% | +32.0% | +34.7% | +51.7% | +0.4% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.05 | 0.04 | 0.00 |
| EBITDA | (0.01) | 0.28 | 0.24 | 0.20 | 0.35 | 0.06 | 0.10 | 0.25 |
| EBITDA margin | -0.2% | +3.9% | +5.2% | +6.4% | +6.2% | +1.1% | +2.9% | +12.2% |
| Depreciation | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 |
| Interest | 0.14 | 0.13 | 0.07 | 0.06 | 0.11 | 0.04 | 0.09 | 0.08 |
| Profit before tax | (0.18) | 0.12 | 0.14 | 0.10 | 0.19 | 0.03 | 0.00 | 0.12 |
| Tax | (0.20) | (0.04) | 0.04 | 0.02 | 0.13 | 0.01 | 0.00 | 0.00 |
| Net profit | 0.02 | 0.16 | 0.10 | 0.08 | 0.06 | 0.02 | 0.00 | 0.12 |
| EPS (₹) | 1.00 | 0.62 | 0.46 | 0.37 | 0.82 | 0.33 | 0.01 | 0.26 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|
| Revenue | 21.08 | 16.59 | 16.38 | 30.95 | 32.67 | 98.53 |
| Revenue growth | +27.1% | +1.3% | -47.1% | -5.3% | -66.8% | - |
| Other income | 0.00 | 0.04 | 0.05 | 0.16 | 0.03 | 0.01 |
| Total expenses | 20.36 | 15.81 | 15.43 | 31.00 | 30.60 | 94.94 |
| Employee cost | 2.10 | 2.11 | 2.43 | 2.04 | 4.63 | 8.07 |
| EBITDA | 0.72 | 0.78 | 0.95 | (0.05) | 2.07 | 3.59 |
| EBITDA margin | +3.4% | +4.7% | +5.8% | -0.2% | +6.3% | +3.6% |
| Depreciation | 0.13 | 0.17 | 0.20 | 0.31 | 0.40 | 0.46 |
| Interest | 0.39 | 0.32 | 0.45 | 0.51 | 1.02 | 2.04 |
| Profit before tax | 0.20 | 0.33 | 0.35 | (0.71) | 0.68 | 1.10 |
| Tax | (0.19) | 0.07 | 0.12 | (0.22) | 0.53 | 0.52 |
| Net profit | 0.71 | 0.43 | 0.23 | (0.46) | 0.15 | 0.62 |
| Net profit margin | +3.4% | +2.6% | +1.4% | -1.5% | +0.5% | +0.6% |
| EPS (₹) | 2.11 | 1.43 | 0.75 | (1.76) | 0.50 | 1.86 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 |
| Reserves & surplus | 13.81 | 13.17 | 12.73 | 12.50 | 13.41 | 14.19 |
| Shareholders' funds (net worth) | 16.88 | 16.24 | 15.80 | 15.57 | 16.48 | 17.26 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 4.83 | 2.44 | 4.13 | 6.15 | 6.49 | 14.06 |
| Unsecured loans | 19.64 | 19.29 | 19.54 | 16.93 | 18.78 | 0.00 |
| Total debt | 24.47 | 21.73 | 23.67 | 23.08 | 25.27 | 14.06 |
| Total liabilities | 41.36 | 37.98 | 39.48 | 38.65 | 41.76 | 31.32 |
| Assets | ||||||
| Gross block | 4.79 | 5.35 | 5.48 | 5.45 | 5.71 | 6.98 |
| Net block | 0.55 | 0.50 | 0.69 | 0.83 | 1.22 | 1.69 |
| Capital work in progress | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 10.19 | 4.47 | 4.84 | 4.84 | 5.26 | 5.46 |
| Inventories | 14.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 1.36 | 1.60 | 1.51 | 1.91 | 2.80 | 4.87 |
| Cash & bank balances | 0.16 | 0.20 | 0.22 | 0.27 | 0.29 | 0.32 |
| Loans & advances | 1.21 | 1.12 | 1.95 | 2.12 | 4.42 | 0.38 |
| Total current assets | 17.42 | 2.92 | 3.68 | 4.30 | 7.51 | 5.57 |
| Total current liabilities | 2.13 | 4.21 | 2.40 | 4.91 | 15.66 | 28.11 |
| Net working capital | 15.29 | (1.29) | 1.28 | (0.61) | (8.15) | (22.54) |
| Total assets | 41.36 | 37.98 | 39.48 | 38.65 | 41.76 | 31.32 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|
| Opening cash | 0.20 | 0.22 | 0.27 | 0.29 | 0.32 | 0.50 |
| Net cash from operating activities | 3.54 | 2.35 | 0.00 | 4.94 | (12.01) | (0.94) |
| Net cash from investing activities | (5.89) | (0.04) | (0.06) | 0.01 | 0.84 | (0.82) |
| Net cash from financing activities | 2.30 | (2.33) | 0.01 | (4.97) | 11.13 | 1.58 |
| Net change in cash | (0.04) | (0.02) | (0.05) | (0.02) | (0.03) | (0.18) |
| Closing cash | 0.16 | 0.20 | 0.22 | 0.27 | 0.29 | 0.32 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +27.1% | +1.3% | -47.1% | -5.3% | -66.8% | - |
| EBITDA growth | -7.7% | -17.9% | +2000.0% | -102.4% | -42.3% | - |
| PBT growth | -39.4% | -5.7% | +9998.0% | - | -38.2% | +9997.0% |
| Net income growth | +65.1% | +87.0% | +150.0% | -406.7% | -75.8% | - |
| Revenue CAGR (3Y) | -12.0% | -20.2% | -45.0% | - | - | - |
| EBITDA CAGR (3Y) | - | -27.8% | -35.8% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +1.9% | +1.6% | +1.4% | -1.6% | +0.5% | +0.6% |
| Return on capital employed | +1.6% | +1.7% | +2.0% | -0.3% | +4.7% | +10.0% |
| Return on net worth | +2.6% | +1.7% | +1.5% | -2.6% | +1.0% | +3.3% |
| Debt / equity | 1.40 | 1.42 | 1.49 | 1.51 | 1.17 | 0.81 |
| Long-term debt / equity | 1.18 | 1.21 | 1.17 | 1.12 | 0.89 | 0.64 |
| Interest cover | 66.10 | 52.46 | 60.00 | -141.67 | 61.08 | 65.18 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 4.16 | 3.07 | 3.01 | 5.58 | 5.15 | 14.12 |
| Inventory turnover | 2.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 14.24 | 10.69 | 9.61 | 13.21 | 8.53 | 20.23 |
| EPS (₹) | 2.11 | 1.43 | 0.75 | (1.76) | 0.50 | 1.86 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 54.93 | 52.83 | 51.40 | 50.65 | 53.62 | 56.17 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.30 | 10.95 | 8.22 | 8.75 | 10.69 | 14.01 | 6.05 | 8.82 |
| Revenue growth (YoY) | -3.7% | -21.8% | +35.9% | -0.8% | +163.3% | - | - | - |
| Other income | 0.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 9.81 | 10.27 | 7.77 | 8.63 | 10.29 | 13.51 | 5.75 | 8.50 |
| EBITDA | 0.49 | 0.68 | 0.45 | 0.12 | 0.40 | 0.50 | 0.30 | 0.32 |
| EBITDA margin | +4.8% | +6.2% | +5.5% | +1.4% | +3.7% | +3.6% | +5.0% | +3.6% |
| Depreciation | 0.08 | 0.09 | 0.14 | 0.08 | 0.09 | 0.09 | 0.03 | 0.03 |
| Interest | 0.03 | 0.12 | 0.04 | 0.04 | 0.07 | 0.11 | 0.09 | 0.10 |
| Profit before tax | 1.29 | 0.47 | 0.27 | 0.00 | 0.24 | 0.30 | 0.18 | 0.19 |
| Tax | 0.33 | 0.03 | 0.07 | 0.01 | 0.06 | 0.19 | 0.05 | 0.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 38.62 | 32.94 | 21.08 | 16.59 | 16.38 | 30.95 | 32.67 |
| Revenue growth | +17.2% | +56.3% | +27.1% | +1.3% | -47.1% | -5.3% | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.04 | 0.05 | 0.16 | 0.03 |
| Total expenses | 36.95 | 31.53 | 20.36 | 15.80 | 15.43 | 31.00 | 30.60 |
| Employee cost | 0.00 | 2.16 | 2.10 | 2.11 | 2.43 | 2.04 | 4.63 |
| EBITDA | 1.67 | 1.41 | 0.72 | 0.79 | 0.95 | (0.05) | 2.07 |
| EBITDA margin | +4.3% | +4.3% | +3.4% | +4.8% | +5.8% | -0.2% | +6.3% |
| Depreciation | 0.39 | 0.19 | 0.13 | 0.17 | 0.20 | 0.31 | 0.40 |
| Interest | 0.27 | 0.42 | 0.39 | 0.32 | 0.45 | 0.51 | 1.02 |
| Profit before tax | 1.01 | 0.80 | 0.20 | 0.34 | 0.35 | (0.71) | 0.68 |
| Tax | 0.17 | 0.31 | (0.19) | 0.07 | 0.12 | (0.22) | 0.53 |
| Net profit | 0.89 | 0.61 | 0.44 | 0.27 | 0.23 | (0.41) | 0.15 |
| Net profit margin | +2.3% | +1.9% | +2.1% | +1.6% | +1.4% | -1.3% | +0.5% |
| EPS (₹) | 2.71 | 1.61 | 1.24 | 0.89 | 0.75 | (1.61) | 0.51 |
| 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 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 | 3.07 |
| Reserves & surplus | 14.76 | 13.93 | 13.43 | 13.05 | 12.78 | 12.55 | 13.41 |
| Shareholders' funds (net worth) | 17.83 | 17.00 | 16.50 | 16.12 | 15.85 | 15.62 | 16.48 |
| Secured loans | 0.95 | 2.86 | 4.83 | 2.44 | 4.13 | 6.15 | 6.49 |
| Unsecured loans | 15.99 | 19.02 | 19.64 | 19.29 | 19.54 | 16.93 | 18.78 |
| Total debt | 16.94 | 21.88 | 24.47 | 21.73 | 23.67 | 23.08 | 25.27 |
| Total liabilities | 34.78 | 38.89 | 40.98 | 37.86 | 39.53 | 38.70 | 41.76 |
| Assets | |||||||
| Gross block | 5.25 | 6.56 | 4.79 | 5.35 | 5.48 | 5.45 | 5.71 |
| Net block | 1.74 | 2.13 | 0.55 | 0.50 | 0.69 | 0.83 | 1.22 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 |
| Investments | 5.13 | 2.72 | 9.80 | 4.35 | 4.89 | 4.89 | 5.26 |
| Inventories | 13.68 | 16.66 | 14.69 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 2.45 | 2.01 | 1.36 | 1.60 | 1.51 | 1.91 | 2.80 |
| Cash & bank balances | 0.10 | 0.23 | 0.16 | 0.20 | 0.22 | 0.27 | 0.29 |
| Loans & advances | 3.13 | 4.37 | 1.21 | 1.12 | 1.95 | 2.12 | 4.42 |
| Total current assets | 19.36 | 23.27 | 17.42 | 2.92 | 3.68 | 4.30 | 7.51 |
| Total current liabilities | 1.85 | 1.95 | 2.13 | 4.21 | 2.40 | 4.91 | 15.66 |
| Net working capital | 17.51 | 21.32 | 15.29 | (1.29) | 1.28 | (0.61) | (8.15) |
| Total assets | 34.78 | 38.89 | 40.98 | 37.86 | 39.53 | 38.70 | 41.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.23 | 0.16 | 0.20 | 0.22 | 0.27 | 0.29 | 0.32 |
| Net cash from operating activities | 7.24 | (2.76) | 3.27 | 2.35 | 0.00 | 4.94 | (12.00) |
| Net cash from investing activities | (2.08) | 5.73 | (5.62) | (0.04) | (0.06) | 0.01 | 0.84 |
| Net cash from financing activities | (5.29) | (2.90) | 2.30 | (2.33) | 0.01 | (4.97) | 11.13 |
| Net change in cash | (0.13) | 0.07 | (0.04) | (0.02) | (0.05) | (0.02) | (0.03) |
| Closing cash | 0.10 | 0.23 | 0.16 | 0.20 | 0.22 | 0.27 | 0.29 |
| 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 | +17.2% | +56.3% | +27.1% | +1.3% | -47.1% | -5.3% | - |
| EBITDA growth | +18.4% | +95.8% | -8.9% | -16.8% | +2000.0% | -102.4% | - |
| PBT growth | +26.3% | +300.0% | -41.2% | -2.9% | +9998.0% | - | -38.2% |
| Net income growth | +45.9% | +38.6% | +63.0% | +17.4% | +156.1% | -373.3% | - |
| Revenue CAGR (3Y) | +32.5% | +26.2% | -12.0% | -20.2% | -45.0% | -29.0% | -31.1% |
| EBITDA CAGR (3Y) | +28.3% | +14.1% | - | -27.5% | -35.8% | - | -13.1% |
| Profitability & leverage | |||||||
| Net income margin | +2.2% | +1.5% | +1.9% | +1.6% | +1.4% | -1.6% | +0.5% |
| Return on capital employed | - | +3.6% | +1.6% | +1.7% | +2.0% | 0.0% | +4.7% |
| Return on net worth | - | +3.6% | +2.6% | +1.7% | +1.5% | 0.0% | +1.0% |
| Debt / equity | - | 1.38 | 1.42 | 1.42 | 1.49 | 1.51 | 1.17 |
| Long-term debt / equity | - | 0.20 | 0.67 | 1.22 | 1.16 | 1.12 | 0.89 |
| Interest cover | 21.09 | 34.43 | 66.10 | 51.61 | 60.00 | -141.67 | 61.08 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 5.80 | 4.16 | 3.07 | 3.01 | 5.58 | 5.15 |
| Inventory turnover | - | 2.10 | 2.87 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 19.55 | 14.24 | 10.69 | 9.61 | 13.21 | 8.53 |
| EPS (₹) | 2.71 | 1.61 | 1.24 | 0.89 | 0.75 | (1.61) | 0.51 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 55.30 | 53.69 | 52.45 | 51.57 | 50.82 | 53.63 |
To see the full year-wise statements and ratios of Spa Capital Services Limited, buy the company report.
Board of directors of Spa Capital Services Limited
Spa Capital Services has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Parwal Also directs: Teshaam Global Advisors LLP, SNS Green NXGN Global Solutions LLP, Bhoopati Trading Private Limited and 5 more | Managing Director | 15 Nov 2003 | 22 Years 11 Months | Current |
| Sugeeta Upadhyay | Director | 27 Jul 2020 | 6 Years 2 Months | Current |
| Honey Parwal Also directs: Bhoopati Trading Private Limited, Bluemoon Financial Services Private Limited, Parth Infracon Private Limited and 4 more | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Ritesh Tanwar | Additional Director | 14 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Spa Capital Services Limited is audited by SNMG & Co. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SNMG & Co. | FY 2019 | 004921N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 68.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 31.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 68.70% | 68.70% | 68.70% | 68.70% |
| Public | 31.30% | 31.30% | 31.30% | 31.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2024 | 101072847 | Others | ₹72.82 Lakh | Open | |
| 30 Mar 2013 | 10422842 | Indusind Bank Ltd. | ₹10.51 Cr | Open | |
| 25 May 2015 | 10583470 | Hdfc Bank Limited | ₹11.92 Lakh | Satisfied | |
| 28 Oct 2014 | 10567223 | Kotak Mahindra Prime Limited | ₹19.91 Lakh | Satisfied | |
| 23 Mar 2013 | 10413790 | Reliance Capital Ltd | ₹2 Cr | Satisfied |
To see the full charge records of Spa Capital Services Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Spa Capital Services Limited has 4 court cases on record: 4 filed against it. 3 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Zoom Barter Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Viewpoint Vyapaar Pvt Ltd | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by an individual | Pending |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Spa Capital Services 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
No delayed payments to MSME suppliers are on our record for Spa Capital Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Spa Capital Services has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Spa Capital Services has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAGCS5765B1ZC | Delhi | Active | 01 Jul 2017 |
| 09AAGCS5765B1Z8 | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAGCS5765B1Z7 | West Bengal | Active | 01 Jul 2017 |
| 27AAGCS5765B1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spa Capital Services Limited, buy the company report.
Recent activity
Spa Capital Services Limited has 31 board changes on record since 2001: 18 appointments and 13 cessations. The latest: Mahaveer Prasad Mundhra ceased to be Director on 14 Nov 2025.
31 earlier events are in the company report.
Frequently asked questions
Spa Capital Services is an active public limited company based in New Delhi, Delhi, India. The company works in nbfc, within the financial services industry. It was incorporated on 20 July 1984 (42+ years old) and is registered under CIN L65910DL1984PLC018749. Listed on BSE: 542376.
Spa Capital Services reported revenue of ₹38.62 Cr for FY 2025-26 (up 17.2% YoY) based on standalone financials.
Spa Capital Services has 4 current directors:
- Sandeep Parwal - Managing Director
- Sugeeta Upadhyay - Director
- Honey Parwal - Director
- Ritesh Tanwar - Additional Director
The latest financial statements of Spa Capital Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spa Capital Services is 07AAGCS5765B1ZC, registered in Delhi. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 09AAGCS5765B1Z8 (Uttar Pradesh), 19AAGCS5765B1Z7 (West Bengal), 27AAGCS5765B1ZA (Maharashtra).
The CIN (Corporate Identification Number) of Spa Capital Services is L65910DL1984PLC018749. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Spa Capital Services is a listed company as per MCA records. Its shares are listed on BSE (code: 542376).
Spa Capital Services has 4 court cases on record: 4 filed against it. 3 are pending. Most are in the district courts.
Spa Capital Services was incorporated on 20 July 1984, making it 42+ years old. It is registered with the Registrar of Companies, Delhi.
Mahaveer Prasad Mundhra ceased to be Director on 14 Nov 2025. Ritesh Tanwar was appointed as Additional Director on 14 Nov 2025. Sumit was appointed as CFO on 08 Oct 2025. Spa Capital Services has 31 board changes on record in total.