SPEL Semiconductor Ltd.

About

SPEL Semiconductor Limited provides contract manufacturing services for semiconductor companies in India. The company offers turnkey solutions, including wafer sort, assembly, test, and drop-shipment services; and value-added services, such as package design, failure analysis and full reliability test, test program development, and product characterization. It also provides packaging solutions for semiconductors used in various applications, such as communications, consumer electronics, computing, industrials, and automotive. The company sells its products to integrated device manufacturers and fabless companies in the United States, Asia, and Europe. SPEL Semiconductor Limited is based in Chennai, India. SPEL Semiconductor Limited operates as a subsidiary of Natronix Semiconductor Technology Private Limited.

Key Metrics

as of Sep 2026

Market Cap692 Cr

P/E—

Div Yield0.00 %

Book Value₹12.70

52w High₹263.00

52w Low₹123.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Mar 2015	Dec 2014	Mar 2014	Dec 2013	Sep 2013	Jun 2013	Mar 2013	Dec 2012	Sep 2012	Jun 2012	Mar 2012	Dec 2011	Sep 2011
Sales	8.34	12.74	15.09	12.35	20.27	15.67	16.61	19.51	22.67	21.97	21.58	17.77	21.20
Expenses	6.99	9.13	11.29	8.97	15.42	12.97	14.89	17.52	19.34	17.59	18.52	14.76	18.08
Operating Profit	1.35	3.61	3.80	3.38	4.85	2.70	1.72	1.99	3.33	4.38	3.06	3.01	3.12
OPM %	16.19	28.34	25.18	27.37	23.93	17.23	10.36	10.20	14.69	19.94	14.18	16.94	14.72
Other Income	0.38	0.23	0.17	0.48	0.19	0.30	0.39	0.39	-0.50	0.09	0.37	-0.59	-0.16
Depreciation	1.87	2.75	2.34	2.70	2.96	2.96	1.78	3.12	3.89	3.06	2.48	2.34	2.29
Interest	0.98	1.03	0.99	1.08	1.50	1.14	1.26	1.44	1.21	1.72	0.95	0.70	0.45
Profit before tax	-1.12	0.06	0.64	0.08	0.58	-1.10	-0.93	-2.18	-2.27	-0.31	0.00	-0.62	0.22
Tax %	-19.64	16.67	-1.56	25.00	29.31	-27.27	-46.24	-33.49	0.00	3.23	—	-32.26	27.27
Net Profit	-0.90	0.05	0.66	0.06	0.41	-0.80	-0.49	-1.45	-2.27	-0.32	0.02	-0.42	0.16
EPS in Rs	-0.20	0.01	0.14	0.01	0.09	-0.17	-0.11	-0.31	-0.49	-0.07	0.00	-0.09	0.03

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010	Mar 2009	Mar 2008	Mar 2007	Mar 2006
Sales	35.67	25.85	47.20	63.39	80.77	79.78	91.46	87.16	81.00	72.81	53.90	46.29
Expenses	36.96	35.38	34.85	48.65	70.00	67.26	74.77	69.01	62.04	56.71	42.94	40.61
Operating Profit	-1.29	-9.53	12.35	14.74	10.77	12.52	16.69	18.15	18.96	16.10	10.96	5.68
OPM %	-3.62	-36.87	26.17	23.25	13.33	15.69	18.25	20.82	23.41	22.11	20.33	12.27
Other Income	2.63	-0.33	1.38	1.14	1.23	0.86	1.61	1.48	2.25	3.67	1.19	6.69
Interest	2.67	3.05	4.05	4.71	5.84	3.25	1.73	2.14	3.24	2.79	1.46	1.23
Depreciation	7.11	10.72	10.13	10.96	11.85	9.38	8.84	8.20	8.34	6.08	4.28	3.82
Profit before tax	-8.44	-23.63	-0.45	0.21	-5.69	0.75	7.73	9.29	9.63	10.90	6.41	7.32
Tax %	4.50	-16.17	-26.67	-52.38	-20.39	28.00	41.53	34.34	35.10	33.12	38.38	21.04
Net Profit	-8.81	-19.80	-0.33	0.32	-4.53	0.54	4.52	6.10	6.25	7.29	3.95	5.78
EPS in Rs	-1.91	-4.29	-0.07	0.07	-0.98	0.12	0.98	1.32	1.36	1.58	0.87	—
Dividend Payout %	0.00	0.00	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 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010	Mar 2009	Mar 2008	Mar 2007	Mar 2006
Equity Capital	46.13	46.13	46.13	46.13	46.13	46.13	46.13	46.13	46.13	46.13	45.45	45.45
Reserves	12.25	21.07	40.87	41.51	41.18	45.98	45.24	40.71	34.62	34.08	2.99	-1.44
Borrowings	28.23	16.16	27.30	30.34	33.10	38.65	35.28	29.40	44.30	46.76	29.07	19.62
Other Liabilities	36.60	47.02	30.16	27.41	27.67	27.49	28.81	27.06	22.38	31.86	12.59	12.86
Total Liabilities	123.21	130.38	144.46	145.39	148.08	158.25	155.46	143.30	147.43	158.83	90.10	76.49
Fixed Assets	68.88	87.20	98.11	108.57	118.87	127.01	104.06	112.09	116.46	112.36	58.98	40.23
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	14.00	0.33	0.32	0.23	8.70	18.87
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	54.33	43.18	46.35	36.82	29.21	31.24	37.40	30.88	30.65	46.24	22.42	17.39
Total Assets	123.21	130.38	144.46	145.39	148.08	158.25	155.46	143.30	147.43	158.83	90.10	76.49

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010	Mar 2009	Mar 2008	Mar 2007	Mar 2006
Cash from Operating Activity	-15.54	-6.96	5.81	5.12	13.24	18.23	15.19	16.33	19.06	15.14	5.49	7.48
Cash from Investing Activity	6.83	0.91	0.38	1.48	-3.36	-17.71	-14.23	-7.18	-14.24	-30.41	-13.08	-15.23
Cash from Financing Activity	14.24	6.01	-6.32	-6.83	-10.61	-2.55	2.03	-12.59	-4.61	18.22	7.99	7.43
Net Cash Flow	5.53	-0.05	-0.13	-0.23	-0.73	-2.03	2.99	-3.44	0.21	2.95	0.40	-0.32
Free Cash Flow	-15.54	-6.96	5.69	4.46	9.53	-0.10	0.77	8.38	4.35	-15.52	-7.68	-7.81
CFO/OP %	1,205.00	73.00	48.00	36.00	125.00	151.00	106.00	93.00	106.00	103.00	54.00	137.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010	Mar 2009	Mar 2008	Mar 2007	Mar 2006
Debtor Days	158.50	53.94	43.61	54.47	24.40	30.33	18.24	33.00	18.39	22.26	27.22	17.35
Inventory Days	344.06	1,177.89	2,093.72	381.23	166.68	183.15	152.26	167.97	197.30	196.51	290.17	297.03
Days Payable	351.87	345.15	557.55	166.72	97.81	81.38	86.56	108.22	103.97	95.12	150.71	258.46
Cash Conversion Cycle	150.68	886.68	1,579.78	268.98	93.27	132.11	83.93	92.75	111.72	123.65	166.68	55.92
Working Capital Days	20.06	-214.48	39.13	7.14	-37.69	-31.11	-46.57	54.48	53.80	60.96	69.14	23.34
ROCE %	-7.61	-19.67	3.10	4.13	0.12	3.11	7.79	9.47	10.21	13.39	11.15	—

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	59.18	59.18	59.18	59.18	59.18	59.18	59.18	59.18	59.18	59.18	59.18	59.18
FIIs	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.11	0.09	0.02	0.02
DIIs	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	40.80	40.79	40.78	40.79	40.79	40.78	40.79	40.78	40.69	40.70	40.78	40.78
No. of Shareholders	110,209	109,999	110,132	109,590	98,367	97,385	92,078	88,911	77,553	73,794	65,538	62,288