Spray Engineering Devices Limited

Spray Engineering Devices Limited

Engineering - Industrial Equipments Unlisted Active
INE528I01015 Est. 2004 Website
Current Price 24 Aug 2026
₹94.00

Min lot: 100 shares

Market Cap ₹236 Cr
P/E Ratio 15.7x
EPS ₹5.95
Face Value ₹10.00
Book Value ₹81.67
P/B Ratio 1.15x
Min Lot 100 sh.
Total Debt ₹80 Cr

Price Trend

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Prices shown are indicative unlisted-market bid prices, updated periodically.

About Spray Engineering Devices Limited

A sugar mill is essentially an enormous heat exchanger with a factory built around it. Spray Engineering Devices makes the parts that do the work.

SEDL designs and manufactures equipment for the sugar and process industries. Evaporators, condensers, heat exchangers and crystallisers, built for energy efficiency and specified to what a particular plant actually needs rather than pulled off a catalogue.

Custom engineering is the pitch. Lower environmental impact, lower running costs, and R&D that stops the technology going stale. Clients sit across a range of sectors and a range of countries.

In process industries the equipment either saves you money every single day or quietly costs you money every single day. There is not much ground in between.

Financial Highlights

All figures are in Crores (₹)

FY21FY22FY23FY24FY25 YOY %CAGR %
Net Sales110.6214.4391.9547.3461.0-15.8%+42.9%
Other Income0.801.201.400.900.90+0.0%+3.0%
Total Income111.3215.6393.4548.3461.8-15.8%+42.7%
Operating Profit13.122.656.389.239.6-55.6%+31.9%
Interest5.905.108.109.9011.5+16.2%+18.2%
Depreciation2.502.102.904.907.60+55.1%+32.0%
Total Expenditure106.7200.2348.0473.9441.3-6.9%+42.6%
Exceptional Income0.000.000.000.000.00
PBT4.7015.145.474.320.6-72.3%+44.7%
TAX0.000.0012.321.25.50-74.1%
PAT4.7015.133.053.215.0-71.8%+33.7%
EPS (₹)₹1.87₹6.02₹13.15₹23.19₹5.95-74.3%+33.5%
FY21FY22FY23FY24FY25 YOY %CAGR %
Shareholder Funds23.638.771.7123.3205.0+66.3%+71.7%
Total Debt20.719.158.775.379.8+6.0%+40.1%
Current Liabilities94.8137.3162.9147.8176.3+19.3%+16.8%
Non Current Liabilities5.907.8029.531.138.3+23.2%+59.6%
Total Liabilities124.3183.8264.2302.2419.6+38.8%+35.5%
Current Assets97.0154.5193.9204.6286.9+40.2%+31.1%
Non Current Assets27.329.370.297.6132.7+36.0%+48.5%
Total Assets124.3183.8264.2302.2419.6+38.8%+35.5%
FY21FY22FY23FY24FY25 YOY %CAGR %
Cash Flow From Operating Activities9.6019.314.119.1-28.8-250.8%-31.6%
Cash Flow From Investing Activities-4.80-4.50-42.4-27.8-40.6-46.0%-70.5%
Cash Flow From Financing Activities-4.90-9.1031.57.7071.3+826.0%+95.3%
Free Cash Flow6.5014.6-29.0-11.0-56.8-416.4%-71.9%
FY21FY22FY23FY24FY25YOY %
ROE(%)19.9039.0046.0043.107.30-83.1%
ROCE(%)10.5012.3021.3029.509.40-68.1%
ROA(%)3.808.2012.5017.603.60-79.5%
Current Ratio(x)1.001.101.201.401.60+14.3%
Debt / Equity(x)0.880.490.820.610.39-36.1%

No documents available yet.

Net Sales (in Cr.)

Total Income (in Cr.)

Net Profit (in Cr.)

Operating Profit (in Cr.)

Shareholder Funds (in Cr.)

Total Assets (in Cr.)

Operating Cash Flow (in Cr.)

Investing Cash Flow (in Cr.)

Financing Cash Flow (in Cr.)

Free Cash Flow (in Cr.)

Company Information

ISIN INE528I01015
Industry Engineering - Industrial Equipments
Category Pre IPO
Incorporated 2004
Min Lot Size 100 shares
Demat Required Yes
ROFR Applicable No

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