SPICE LOUNGE FOOD WORKS LIMITED

About

Spice Lounge Food Works Limited, together with its subsidiaries, provides information technology services and solutions in India, the United States, Canada, and internationally. It operates through Software and IT Services; and Food and Restaurant Services segments. The company offers computer and related services; outsourcing services; data, voice or video collection, and processing services; call center services comprising in bound and out bound calling services of various kinds; technical support; managed data and technical centers; training centers; web support back office; business, financial, and scientific analysis; research work and analysis; storage; disaster recovery; accounting; pay roll; inventory management; customer relationship management; and enterprises resources planning services. It is also involved in software development; maintenance of software/hardware and related services; sale of software licenses; and provision of consultancy services. In addition, the company operates and franchises restaurants under the Buffalo Wild Wings, Wing Zone, and Blaze Kebabs brands; pubs and nightlife services under the Xora, Salud, and Sunburn Union brands; and technology platforms under the eTouch and TekSoft brands. The company was formerly known as Shalimar Agencies Limited and changed its name to Spice Lounge Food Works Limited in August 2025. Spice Lounge Food Works Limited was incorporated in 1981 and is based in Hyderabad, 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	2.37	1.00	0.36	0.49	0.37	0.32	0.23	0.11	0.00	0.00	0.00	0.00	0.00
Expenses	2.32	0.89	0.32	0.33	0.14	0.10	0.22	0.06	0.01	0.05	0.00	0.00	0.00
Operating Profit	0.05	0.11	0.04	0.16	0.23	0.22	0.01	0.05	-0.01	-0.05	0.00	0.00	0.00
OPM %	2.11	11.00	11.11	32.65	62.16	68.75	4.35	45.45	—	—	—	—	—
Other Income	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.04	0.01	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.10	0.07	0.03	0.08	0.23	0.22	0.01	0.05	-0.01	-0.05	0.00	0.00	0.00
Tax %	50.00	71.43	33.33	25.00	26.09	31.82	0.00	0.00	0.00	0.00	—	—	—
Net Profit	0.05	0.02	0.02	0.06	0.17	0.15	0.01	0.05	-0.02	-0.05	0.00	0.00	0.00
EPS in Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	-0.02	0.00	0.00	0.00

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	Mar 2016	Mar 2015
Sales	2.22	0.66	0.00	0.00	0.00	0.00	0.00	1.43	10.62	9.32	0.52	0.35
Expenses	1.69	0.39	0.05	0.08	0.10	0.09	0.09	1.51	10.79	9.50	0.49	0.33
Operating Profit	0.53	0.27	-0.05	-0.08	-0.10	-0.09	-0.09	-0.08	-0.17	-0.18	0.03	0.02
OPM %	23.87	40.91	—	—	—	—	—	-5.59	-1.60	-1.93	5.77	5.71
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.01	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.00	0.00
Profit before tax	0.39	0.27	-0.05	-0.08	-0.10	-0.09	-0.10	-0.09	-0.17	-0.18	0.03	0.02
Tax %	33.33	25.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	33.33	0.00
Net Profit	0.26	0.19	-0.05	-0.09	-0.11	-0.09	-0.09	-0.08	-0.17	-0.18	0.02	0.02
EPS in Rs	0.00	0.00	-0.02	-0.03	-0.04	-0.03	-0.03	-0.03	-0.06	-0.06	0.01	0.01
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 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	69.71	69.71	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Reserves	33.62	33.36	-0.19	-0.14	-0.06	0.05	0.14	0.24	0.32	0.49	0.67	0.64
Borrowings	44.70	0.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	8.70	1.33	1.29	1.25	0.31	0.21	0.12	0.03	0.01	0.10	0.07	0.02
Total Liabilities	156.73	104.70	4.10	4.11	3.25	3.26	3.26	3.27	3.33	3.59	3.74	3.66
Fixed Assets	1.10	0.01	0.02	0.02	0.03	0.03	0.04	0.04	0.05	0.00	0.00	0.00
CWIP	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	144.55	100.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.37	0.58
Other Assets	10.92	4.62	4.08	4.09	3.22	3.23	3.22	3.23	3.28	3.59	3.37	3.08
Total Assets	156.73	104.70	4.10	4.11	3.25	3.26	3.26	3.27	3.33	3.59	3.74	3.66

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2023	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	2.13	-0.36	0.01	0.00	-0.01	1.02	-0.44	-1.44	-0.15	-1.84
Cash from Investing Activity	-45.74	-100.07	0.00	0.36	0.00	-0.81	0.23	1.26	0.01	-0.13
Cash from Financing Activity	43.62	100.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.45
Net Cash Flow	0.01	-0.04	0.01	0.36	-0.01	0.21	-0.21	-0.18	-0.13	0.48
Free Cash Flow	0.87	-0.36	0.01	0.00	-0.01	1.02	-0.44	-1.44	0.06	-2.10
CFO/OP %	421.00	-133.00	-12.00	0.00	11.00	-1,275.00	259.00	794.00	-467.00	-9,200.00

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	Mar 2016	Mar 2015
Debtor Days	465.29	337.35	—	—	—	—	—	0.00	31.96	25.06	70.19	0.00
Inventory Days	—	—	—	—	—	—	—	0.00	11.02	25.64	0.00	182.50
Days Payable	—	—	—	—	—	—	—	—	0.00	0.00	—	0.00
Cash Conversion Cycle	465.29	337.35	—	—	—	—	—	0.00	42.98	50.70	70.19	182.50
Working Capital Days	-1,029.23	1,509.77	—	—	—	—	—	760.63	111.70	127.67	2,021.54	2,231.71
ROCE %	0.41	0.51	-1.76	-2.76	-3.34	-2.91	-3.13	-2.74	-4.99	-5.03	0.82	0.83

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	64.36	0.00	0.00	0.00	0.00	2.68	2.68	62.24	62.24	62.24	62.24	62.24
Public	35.63	100.01	100.00	100.01	100.00	97.32	97.32	37.76	37.76	37.77	37.77	37.76
No. of Shareholders	6,876	6,721	6,944	3,323	1,182	988	585	566	567	560	560	551