Spectra Industries Ltd

SPECTRA

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Market Cap

₹ 3 Cr

P/E

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Investment Checklist

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Performance

UNDER PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

LOW RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Spectra Industries Limited primarily manufactures CRCA sheet coils and motor vehicle parts. It was incorporated in 1992 and has since shifted its strategic focus from automobile dealership and trading in various goods to manufacturing auto components.

Historically, Spectra developed a variety of vehicle-related parts including fuel tanks for the Palio Diesel, brake shoes for Godrej's material handling division, and a back plate for Premier Automobiles.

The company has experienced stiff price competition, with automobile manufacturers demanding cost reductions from suppliers. This has led to strategic adaptations within the company.

The establishment of Spectra Automotives marked a significant expansion, tapping into dealership opportunities with Mahindra Navistar Automotives and establishing workshops in critical suburban areas in Mumbai.

Sector

Auto Ancillaries

Industry

Auto Ancillaries - Sheet Metal

Market Cap

3 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

45.0

PEG Ratio

—

P/B Ratio

—

52W High

6.55

52W Low

3.46

Sales CAGR

—

10Y

—

Profit CAGR

43.77%

—

10Y

—

ROE

TTM

4.41%

10.25%

25.01%

10Y

39.77%

ROCE

TTM

-66.17%

2.25%

18.06%

10Y

33.11%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AUTOCORP	1673.00	1,016 Cr	17.21	3.65	1.50	21.19	21.29	12.00
JAYBARMARU	88.16	954 Cr	14.42	1.58	0.79	10.99	10.89	3.62
ASAL	495.50	786 Cr	50.92	49.84	0.00	97.86	23.52	5.13
AUTOIND	72.50	327 Cr	23.17	1.90	0.00	8.18	11.94	1.70
OMAXAUTO	101.20	216 Cr	17.34	0.68	2.47	3.93	10.87	2.22
RASANDIK	60.18	36 Cr	20.26	0.39	0.00	1.92	-2.88	-4.93
SPECTRA	4.75	3 Cr	—	0.00	0.00	4.41	-66.17	-32.41

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.05	0.04	0.48	0.06	0.35	0.07	0.16	0.03	0.12	0.18
Operating Profit	-0.05	-0.04	-0.48	-0.06	-0.35	-0.07	-0.16	-0.03	-0.12	-0.18
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0.00	0.00	0.27	0.00	0.00	0.00	0.00	0.00	0.00	0.18
Interest	0.00	0.30	4.45	0.15	2.41	1.28	-1.54	1.13	1.13	1.13
Depreciation	0.15	0.13	0.13	0.13	0.13	0.13	0.13	0.10	0.10	0.10
Profit Before Tax	-0.20	-0.47	-4.79	-0.34	-2.88	-1.48	1.25	-1.26	-1.34	-1.23
Tax %	0.00	0.00	3.34	0.00	0.00	0.00	-8.80	0.00	0.00	0.00
Net Profit	-0.20	-0.47	-4.63	-0.34	-2.88	-1.48	1.36	-1.26	-1.34	-1.23
EPS in Rs	-0.28	-0.67	-6.54	-0.47	-4.07	-2.09	1.92	-1.78	-1.90	-1.74

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	109	121	132	86	0.53	0.00	0.00	0.00	0.00	0.00
Expenses	108	120	130	95	28	0.36	0.21	0.64	0.62	0.49
Operating Profit	1.65	1.41	1.25	-9.18	-28	-0.36	-0.21	-0.64	-0.62	-0.49
OPM %	1.51	1.16	0.95	-10.68	-5,205.67	-12,535.83	—	—	—	—
Other Income	1.35	2.01	3.75	0.61	0.07	0.02	0.01	0.27	0.00	0.18
Interest	2.04	2.38	2.58	2.90	0.96	7.85	4.69	5.20	2.30	1.85
Depreciation	0.89	0.59	0.69	0.66	0.65	0.64	0.60	0.53	0.53	0.43
Profit Before Tax	0.07	0.45	1.73	-12	-29	-8.82	-5.48	-6.10	-3.45	-2.58
Tax %	-186.77	48.48	27.24	-0.74	0.66	0.37	-0.37	2.65	3.28	4.26
Net Profit	0.21	0.23	1.26	-12	-29	-8.79	-5.50	-5.94	-3.34	-2.47
EPS in Rs	0.30	0.32	1.73	-17.21	-41.09	-12.41	-8.33	-7.94	-4.71	-3.50
Dividend Payout %	0.00	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08
Reserves	4.70	4.92	5.15	5.49	-6.72	-36	-45	-50	-56	-59
Borrowings	20	20	22	43	40	37	45	49	53	54
Other Liabilities	29	42	50	34	11	7.35	7.32	7.49	7.19	9.40
Total Liabilities	60	73	83	89	51	16	14	13	11	11
Fixed Assets	7.48	6.52	13	12	12	11	10	9.77	9.15	8.62
CWIP	3.25	5.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.93	0.93	0.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	49	60	70	77	40	4.81	4.02	3.48	2.30	2.14
Total Assets	60	73	83	89	51	16	14	13	11	11

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	0.37	3.49	0.31	1.61	2.92	-1.91	7.19	4.01	4.58	5.76
Cash from Investing Activity	-1.67	-1.87	-0.72	0.39	0.19	0.07	0.02	0.01	0.10	0.00
Cash from Financing Activity	4.18	-0.82	-2.58	-2.51	-2.98	-1.07	-7.31	-4.12	-4.72	-5.76
Net Cash Flow	2.88	0.80	-2.99	-0.51	0.13	-2.90	-0.10	-0.10	-0.04	0.01

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoters	55.73%	55.73%	55.73%	55.73%	55.77%	55.77%	55.86%	55.86%	55.86%	55.86%	55.86%	55.86%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%
Public	44.17%	44.17%	44.17%	44.17%	44.13%	44.13%	44.05%	44.05%	44.05%	44.05%	44.05%	44.05%
Total Shareholders	4,856	4,862	4,867	5,148	5,240	5,226	5,199	5,240	5,247	5,250	5,249	5,292

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Oscillators

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Neutral

Bearish

Neutral

Bullish

Overall

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Bearish

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Moving Averages

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.05	0.04	0.48	0.06	0.35	0.07	0.16	0.03	0.12	0.18
Operating Profit	-0.05	-0.04	-0.48	-0.06	-0.35	-0.07	-0.16	-0.03	-0.12	-0.18
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0.00	0.00	0.27	0.00	0.00	0.00	0.00	0.00	0.00	0.18
Interest	0.00	0.30	4.45	0.15	2.41	1.28	-1.54	1.13	1.13	1.13
Depreciation	0.15	0.13	0.13	0.13	0.13	0.13	0.13	0.10	0.10	0.10
Profit Before Tax	-0.20	-0.47	-4.79	-0.34	-2.88	-1.48	1.25	-1.26	-1.34	-1.23
Tax %	0.00	0.00	3.34	0.00	0.00	0.00	-8.80	0.00	0.00	0.00
Net Profit	-0.20	-0.47	-4.63	-0.34	-2.88	-1.48	1.36	-1.26	-1.34	-1.23
EPS in Rs	-0.28	-0.67	-6.54	-0.47	-4.07	-2.09	1.92	-1.78	-1.90	-1.74

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	109	121	132	86	0.53	0.00	0.00	0.00	0.00	0.00
Expenses	108	120	130	95	28	0.36	0.21	0.64	0.62	0.49
Operating Profit	1.65	1.41	1.25	-9.18	-28	-0.36	-0.21	-0.64	-0.62	-0.49
OPM %	1.51	1.16	0.95	-10.68	-5,205.67	-12,535.83	—	—	—	—
Other Income	1.35	2.01	3.75	0.61	0.07	0.02	0.01	0.27	0.00	0.18
Interest	2.04	2.38	2.58	2.90	0.96	7.85	4.69	5.20	2.30	1.85
Depreciation	0.89	0.59	0.69	0.66	0.65	0.64	0.60	0.53	0.53	0.43
Profit Before Tax	0.07	0.45	1.73	-12	-29	-8.82	-5.48	-6.10	-3.45	-2.58
Tax %	-186.77	48.48	27.24	-0.74	0.66	0.37	-0.37	2.65	3.28	4.26
Net Profit	0.21	0.23	1.26	-12	-29	-8.79	-5.50	-5.94	-3.34	-2.47
EPS in Rs	0.30	0.32	1.73	-17.21	-41.09	-12.41	-8.33	-7.94	-4.71	-3.50
Dividend Payout %	0.00	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08	7.08
Reserves	4.70	4.92	5.15	5.49	-6.72	-36	-45	-50	-56	-59
Borrowings	20	20	22	43	40	37	45	49	53	54
Other Liabilities	29	42	50	34	11	7.35	7.32	7.49	7.19	9.40
Total Liabilities	60	73	83	89	51	16	14	13	11	11
Fixed Assets	7.48	6.52	13	12	12	11	10	9.77	9.15	8.62
CWIP	3.25	5.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.93	0.93	0.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	49	60	70	77	40	4.81	4.02	3.48	2.30	2.14
Total Assets	60	73	83	89	51	16	14	13	11	11

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	0.37	3.49	0.31	1.61	2.92	-1.91	7.19	4.01	4.58	5.76
Cash from Investing Activity	-1.67	-1.87	-0.72	0.39	0.19	0.07	0.02	0.01	0.10	0.00
Cash from Financing Activity	4.18	-0.82	-2.58	-2.51	-2.98	-1.07	-7.31	-4.12	-4.72	-5.76
Net Cash Flow	2.88	0.80	-2.99	-0.51	0.13	-2.90	-0.10	-0.10	-0.04	0.01

Overview

Detailed Summary

The company has experienced stiff price competition, with automobile manufacturers demanding cost reductions from suppliers. This has led to strategic adaptations within the company.

Sector

Auto Ancillaries

Industry

Auto Ancillaries - Sheet Metal

Market Cap

3 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

45.0

PEG Ratio

—

P/B Ratio

—

52W High

6.55

52W Low

3.46

Sales CAGR

—

10Y

—

Profit CAGR

43.77%

—

10Y

—

ROE

TTM

4.41%

10.25%

25.01%

10Y

39.77%

ROCE

TTM

-66.17%

2.25%

18.06%

10Y

33.11%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AUTOCORP	1673.00	1,016 Cr	17.21	3.65	1.50	21.19	21.29	12.00
JAYBARMARU	88.16	954 Cr	14.42	1.58	0.79	10.99	10.89	3.62
ASAL	495.50	786 Cr	50.92	49.84	0.00	97.86	23.52	5.13
AUTOIND	72.50	327 Cr	23.17	1.90	0.00	8.18	11.94	1.70
OMAXAUTO	101.20	216 Cr	17.34	0.68	2.47	3.93	10.87	2.22
RASANDIK	60.18	36 Cr	20.26	0.39	0.00	1.92	-2.88	-4.93
SPECTRA	4.75	3 Cr	—	0.00	0.00	4.41	-66.17	-32.41