SPA Capital Services Limited

About

SPA Capital Services Limited engages in the financial services business in India. The company offers wealth management and financial advisory services to institutions, corporates, and individuals. It also provides risk management, retail insurance, merchant banking, valuation, and consulting services; and securities brokerage and distribution of mutual fund services. It is also involved in leasing and hire-purchase business. The company was incorporated in 1984 and is based in New Delhi, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	10.30	10.95	8.22	8.75	10.69	14.01	6.05	8.82	4.06	6.12	7.26	4.58	3.11
Expenses	9.81	10.21	7.76	8.62	10.28	13.51	5.75	8.50	3.77	6.13	6.97	4.35	2.90
Operating Profit	0.49	0.74	0.46	0.13	0.41	0.50	0.30	0.32	0.29	-0.01	0.29	0.23	0.21
OPM %	4.76	6.76	5.60	1.49	3.84	3.57	4.96	3.63	7.14	-0.16	3.99	5.02	6.75
Other Income	0.91	-0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.08	0.09	0.14	0.08	0.09	0.09	0.03	0.03	0.03	0.03	0.03	0.03	0.04
Interest	0.03	0.12	0.04	0.04	0.07	0.11	0.09	0.10	0.12	0.14	0.13	0.07	0.06
Profit before tax	1.29	0.47	0.28	0.01	0.25	0.30	0.18	0.19	0.14	-0.18	0.13	0.13	0.11
Tax %	25.58	6.38	25.00	100.00	24.00	63.33	27.78	26.32	28.57	-116.67	-38.46	23.08	18.18
Net Profit	0.96	0.44	0.21	0.00	0.19	0.11	0.14	0.14	0.10	0.03	0.17	0.10	0.09
EPS in Rs	3.12	1.43	0.68	0.00	0.62	0.36	0.46	0.46	0.33	0.10	0.55	0.33	0.29

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Sales	38.62	32.94	21.08	16.59	16.38	30.95	32.67	98.53	86.56	99.85
Expenses	36.89	31.32	20.30	15.80	15.43	30.92	30.59	94.88	82.20	96.72
Operating Profit	1.73	1.62	0.78	0.79	0.95	0.03	2.08	3.65	4.36	3.13
OPM %	4.48	4.92	3.70	4.76	5.80	0.10	6.37	3.70	5.04	3.13
Other Income	-0.06	-0.21	-0.06	0.04	0.05	0.08	0.02	-0.06	0.03	0.16
Interest	0.27	0.42	0.39	0.32	0.45	0.51	1.02	2.04	1.84	0.98
Depreciation	0.39	0.19	0.13	0.17	0.20	0.31	0.40	0.46	0.50	0.59
Profit before tax	1.01	0.80	0.20	0.34	0.35	-0.71	0.68	1.09	2.05	1.72
Tax %	16.83	38.75	-95.00	20.59	34.29	-30.99	77.94	47.71	34.15	31.98
Net Profit	0.83	0.49	0.38	0.27	0.23	-0.49	0.16	0.57	1.35	1.16
EPS in Rs	2.70	1.59	1.24	0.88	0.75	-1.59	0.52	1.85	4.39	13.21
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Equity Capital	3.07	3.07	3.07	3.07	3.07	3.07	3.07	3.07	3.07	0.88
Reserves	14.76	13.93	13.43	13.05	12.78	12.55	13.41	14.19	13.79	14.64
Borrowings	16.94	21.88	24.47	21.73	23.67	23.08	25.27	14.06	31.40	12.16
Other Liabilities	1.86	1.96	2.14	4.22	2.40	4.92	15.66	28.12	6.42	3.73
Total Liabilities	36.63	40.84	43.11	42.07	41.92	43.62	57.41	59.44	54.68	31.41
Fixed Assets	1.74	2.13	0.55	0.50	0.69	0.83	1.22	1.69	1.68	2.00
CWIP	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00	0.00
Investments	5.13	2.72	9.80	4.35	4.89	4.89	5.26	5.46	5.46	5.46
Other Assets	29.76	35.99	32.76	37.15	36.34	37.90	50.93	52.29	47.54	23.95
Total Assets	36.63	40.84	43.11	42.07	41.92	43.62	57.41	59.44	54.68	31.41

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Cash from Operating Activity	7.24	-2.76	3.27	2.35	0.00	4.94	-12.00	-0.94	-17.58	-3.79
Cash from Investing Activity	-2.08	5.73	-5.62	-0.04	-0.06	0.01	0.84	-0.82	-0.19	0.51
Cash from Financing Activity	-5.29	-2.90	2.30	-2.33	0.01	-4.97	11.13	1.58	17.40	2.77
Net Cash Flow	-0.13	0.07	-0.04	-0.02	-0.05	-0.02	-0.03	-0.18	-0.37	-0.51
Free Cash Flow	7.19	-4.53	3.09	2.30	-0.07	4.95	-11.94	-1.46	-17.77	-3.87
CFO/OP %	429.00	-156.00	419.00	297.00	12.00	16,467.00	-577.00	-4.00	-387.00	-103.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Debtor Days	23.16	22.27	23.55	35.20	33.65	22.53	31.28	18.04	22.35	22.01
Inventory Days	263.77	490.00	812.40	0.00	0.00	0.00	—	0.00	342.30	1.94
Days Payable	2.70	12.65	50.88	—	—	—	—	—	44.04	26.80
Cash Conversion Cycle	284.23	499.63	785.07	35.20	33.65	22.53	31.28	18.04	320.61	-2.85
Working Capital Days	168.23	233.69	261.80	-32.56	24.29	-10.38	-165.02	-96.17	47.56	33.96
ROCE %	3.64	3.58	1.65	1.71	2.05	-0.30	4.68	8.04	10.35	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	68.74	68.74	68.74	68.74	68.74	68.74	68.74	68.74	68.74	68.74	68.74	68.74
Public	31.26	31.26	31.26	31.26	31.26	31.26	31.26	31.27	31.27	31.27	31.27	31.27
No. of Shareholders	461	459	450	421	410	401	391	391	304	285	285	285