SEPCIndustrials

SEPC Limited

Civil Construction · ISIN INE964H01014 · BSE 532945 · NSE EQ · FV ₹10
Last price
₹5
+2.15%today
What this company does

SEPC Limited operates in Civil Construction, part of the Industrials sector. It booked ₹274 cr of revenue in its latest quarter (Q1 FY27) and kept -4.0% of sales as profit.

In the report:
43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns12

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality12

Whether reported profit actually arrives as cash

Growth & consistency80

Whether sales and profit have grown, and how steadily

Valuation95

What today's price implies, against our models or its peers

Governance & risk19

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 35% vs last year
Watch-outs
! Currently loss-making
! Thin -4.0% net margin
! 79.4% of promoter stake pledged
! Low -2.3% return on equity
! Operating cash flow is negative

What if I invest in SEPC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹5 +2.15%
latest close · 2026-09-17
1-year return
+14.7%
52-wk low ₹452-wk high ₹12
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.53Below book
Below bookModerateHigh
EV / EBITDA12.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-2.3%Loss
WeakFairStrong ▸15%
Return on capital4.5%Weak
WeakFairStrong
Net margin-4.0%Loss
ThinDecentStrong
EBITDA margin9.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.18Comfortable
LowModerateHigh ▸1
Interest cover2.1×Okay
RiskyOkayStrong ▸5×
Current ratio2.54Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,014 cr
Book value
₹10
EPS
₹-0.06
latest quarter
Net debt
₹325 cr
owes more than its cash
Enterprise value
₹1,340 cr
EBITDA
₹104 cr
annualised
EBIT
₹99 cr
annualised
Operating margin
9.0%
Return on assets
-1.4%
Earnings yield
P/S
0.93
Sales / share
₹5.6
Tax rate
183.9%
Face value
₹10
Shares
194.3 cr
Working capital
₹1,388 cr
Current assets
₹2,288 cr
Current liabilities
₹900 cr
Delivery %
44.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹1₹1, midpoint ₹1

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹274 cr
Other Income₹9 cr
Total Income₹282 cr
Cost of Materials₹245 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹6 cr
Finance Costs₹11 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹6 cr
Total Expenses₹269 cr
Profit before Tax₹13 cr
Tax Expense₹24 cr
Net Profit₹-11 cr
Net margin on total income-3.9%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹245 cr83.6%
Employee benefit expense₹6 cr1.9%
Finance costs₹11 cr3.9%
Depreciation & amortisation₹1 cr0.4%
Other expenses₹6 cr1.9%
Tax expense₹24 cr8.3%
Total income ₹282 cr

The company made a net loss of ₹11 cr this quarter — income covered only 96 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue341 cr274 cr274 cr
Total income342 cr289 cr282 cr
Expenses324 cr274 cr269 cr
Profit before tax17 cr15 cr13 cr
Tax3 cr1 cr24 cr
Net profit (owners' share)13 cr14 cr-11 cr
Net margin (owners' share, on revenue)3.9%5.0%-4.0%
EPS (₹)0.080.07-0.06
YoY (latest quarter): total income +38.6% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹3,093 cr
Shareholder equity
₹1,919 cr
parent shareholders
Total debt
₹351 cr
Cash
₹26 cr
Cash flow · H1 FY26
Operating
₹-148 cr
Investing
₹1 cr
Financing
₹158 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1.2
ex 11 Sep 2012
ActionDetailEx-date
Rights issue50:1123 May 2025
Rights issue55:625 Jun 2024
Rights issue36:128 Nov 2023
Rights issue53:229 Mar 2023
Dividend₹1.2 / share11 Sep 2012
Who owns it · 2026-06-30
79.4% pledged
Promoter
11.7%
FII / Foreign
1.0%
DII / Domestic
13.9%
Retail / others
73.4%
Promoter stake down 26.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMark AB Welfare Trust · Promoter Group13.00 cr · ₹109 Dec 25
SoldMark AB Capital Investment LLC · Promoters13.00 cr · ₹109 Dec 25
SoldMark AB Capital Investment LLC · Promoters13.00 cr · ₹115.6 cr9 Dec 25
Bulk / block deals
short · NSE11,05824 Jul 26
short · NSE10022 Jul 26
BoughtYUGA STOCKS AND COMMODITIES PRIVATE LIMITED · NSE1.58 cr @ ₹8.7828 Apr 26
Stake changes
BoughtMark AB Welfare Trust · promoter→ 27.49% · 34.00 cr9 Dec 25
SoldMark AB Capital Investment LLC · promoter→ 0.53% · 34.00 cr9 Dec 25
SoldSBICAP Trustee Company Ltd→ 97.33% · 3.77 cr7 Jun 24
Promoter pledges
PledgedSBICAP Trustee Company Ltd3.77 cr · 14.66% held15 Nov 18
PledgedSBICAP Trustee Company Ltd3.77 cr · 14.66% held15 Nov 18
PledgedOriental Bank of Commerce5.81 cr · 8.98% held10 Oct 17
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 7 Mar 2026
See the official result
1
To consider and approve Variation in the objects of the Rights Issue mentioned in the Letter of Offer dated May 22, 2025
Backed by 91% of shareholders other than promotersneeded 75%
75.83 L votes for, 7.46 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 11.7% between them · as of 2026-06-30
MARK AB WELFARE TRUST11.62%
MARK A B CAPITAL INVESTMENT LLC0.05%
MARK AB CAPITAL PRIVATE LIMITEDno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹350 cr raised in Jun 2025 by offering new shares to existing shareholders

As of Jun 2026, the company says it has spent 2% of what it set aside. Infomerics Valuation and Rating Limited watches the spending on the exchange’s behalf.

Repayment or pre-payment, in full or part of certain borrowings availed by our Company.
2%
of what was set aside
Funding for Payment of Non-Convertible Debentures including redemption and interest
3%
of what was set aside
For meeting the Company's existing and incremental workinng capital requirements
4%
of what was set aside
To augment the working capital requirement of our Company
0%
of what was set aside
Funding for increasing the additional Margin of Non- Fund Based Limits
0%
of what was set aside
General Corporate Purpose
4%
of what was set aside
Spent by quarter: 47%49%89% (to Mar 2026) · 1 earlier quarter is left out because the company restated its figures

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.