| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 214 | 392 | 537 | 461 |
| Cost of Material Consumed | 137 | 255 | 341 | 302 |
| Change in Inventory | -6 | -7 | 6 | -12 |
| Gross Margins | 34.11 | 36.73 | 36.56 | 37.09 |
| Employee Benefit Expenses | 28 | 39 | 47 | 54 |
| Other Expenses | 24 | 51 | 66 | 78 |
| EBITDA | 21 | 54 | 87 | 39 |
| OPM | 9.81 | 13.78 | 15.9 | 8.46 |
| Other Income | 1 | 1 | 1 | 0.8 |
| Finance Cost | 5 | 8 | 10 | 11.5 |
| D&A | 2 | 3 | 5 | 7.6 |
| EBIT | 19 | 51 | 82 | 31.4 |
| EBIT Margins | 8.88 | 13.01 | 14.99 | 6.81 |
| PBT | 15 | 45 | 74 | 21 |
| PBT Margins | 7.01 | 11.48 | 13.53 | 4.56 |
| Tax | 0 | 12 | 21 | 6 |
| PAT | 15 | 33 | 53 | 15 |
| NPM | 7.01 | 8.42 | 9.69 | 3.25 |
| EPS | 6.69 | 14.71 | 23.56 | 5.98 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 9.81 | 13.78 | 15.9 | 8.46 |
| Net Profit Margin | 7.01 | 8.42 | 9.69 | 3.25 |
| Earning Per Share (Diluted) | 6.69 | 14.71 | 23.56 | 5.98 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 26 | 54 | 76 | 99 |
| CWIP | 1 | 13 | 13 | 13 |
| Investments | 0 | 0.26 | 0.4 | 0.5 |
| Trade Receivables | 43 | 60 | 87 | 114 |
| Inventory | 66 | 78 | 76 | 114 |
| Other Assets | 48 | 58.74 | 49.6 | 79.5 |
| Total Assets | 184 | 264 | 302 | 420 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 22.43 | 22.43 | 22.5 | 25.09 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 16 | 49 | 101 | 180 |
| Borrowings | 19 | 58 | 75 | 80 |
| Trade Payables | 32 | 39 | 56 | 42 |
| Other Liabilities | 94.57 | 95.57 | 47.5 | 92.91 |
| Total Liabilities | 184 | 264 | 302 | 420 |
| Cash-Flow Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| PBT | 15 | 45 | 74 | 20 |
| OPBWC | 17 | 48 | 91 | 38.5 |
| Change in Receivables | -12 | -17 | -30 | -27 |
| Change in Inventories | -18 | -12 | 2 | -38 |
| Change in Payables | -5 | 7 | 15 | -14 |
| Other Changes | 37 | -12 | -52 | 26.5 |
| Working Capital Change | 2 | -34 | -65 | -52.5 |
| Cash Generated From Operations | 19 | 14 | 26 | -14 |
| Tax | 0 | 0 | -7 | -15 |
| Cash Flow From Operations | 19 | 14 | 19 | -29 |
| Purchase of PPE | -5 | -43 | -30 | -28 |
| Sale of PPE | 0 | 0 | 0 | 0.2 |
| Cash Flow From Investment | -4 | -42 | -28 | -40 |
| Borrowing | 6.5 | -3 | 17.5 | 16 |
| Dividend | 0 | 0 | 0 | 0 |
| Equity | 0 | 0 | 0 | 67 |
| Others From Financing | -15.5 | 34 | -9.5 | -12 |
| Cash Flow from Financing | -9 | 31 | 8 | 71 |
| Net Cash Generated | 6 | 3 | -1 | 2 |
| Cash at the Start | 5 | 11 | 1.4 | 0.4 |
| Cash at the End | 11 | 14 | 0.4 | 2.4 |
Spray Engineering Devices Limited (SED) is a globally recognized engineering and technology solutions provider known for its innovative and energy-efficient systems, primarily serving the sugar, agro, and process industries. Established with a focus on delivering sustainable and high-performance engineering solutions, SED has built a strong reputation for its expertise in industrial equipment design, waste minimization technologies, and process optimization. Over the years, the company has become a preferred partner for sugar mills and processing units across India and abroad, supported by its commitment to quality, research-driven innovation, and environmental responsibility.
In addition to its robust engineering capabilities, SED has expanded its portfolio to include turnkey project execution, customized industrial solutions, and consulting services. The company offers advanced products such as energy-efficient evaporators, condensers, heaters, and zero-liquid discharge systems that help industries significantly reduce operational costs and environmental impact. With strong in-house R&D, advanced manufacturing facilities, and a skilled technical team, SED continues to strengthen its position in the industrial technology sector. Its solutions are not only cost-effective but also comply with stringent global environmental standards, making it a standout performer in the sustainability-focused engineering space.
For investors interested in unlisted shares, Spray Engineering Devices presents an opportunity to invest in a company with stable demand, strong technological capabilities, and long-term growth prospects. The company’s focus on energy efficiency, renewable resource optimization, and sustainable industrial practices positions it well for future expansion, especially as industries move toward greener operations. Its global presence, recurring order book, and reputation for high-quality engineering solutions contribute to investor confidence. As unlisted shares often provide early-access value, SED may appeal to investors seeking medium- to long-term appreciation in a niche yet rapidly evolving industrial engineering market.
Q:1 How do I confirm my booking for Spray Engineering Devices Unlisted Shares?
Answer: You can confirm your booking by contacting us directly and agreeing on a trading price for the shares.
Q:2 What documents do I need to provide for purchasing Spray Engineering Devices Unlisted Shares?Answer: You need to provide your client master report, PAN Card, and a Cancelled Cheque.If you're not transferring funds from the bank account as mentioned in the CMR, these KYC documents are mandatory as per SEBI regulations.
Q:3 What is a client master report (CMR)?Answer: A client master report (CMR) is a document provided by your broker that contains your account details.If you do not have one, please ask your broker to provide it to you.
Q:4 How will I receive the bank details for the fund transfer?
Answer: We will provide you with the necessary bank details once you confirm your booking for the shares.
Q:5 What payment methods are accepted for purchasing the shares?Answer: Payments must be made via RTGS, NEFT, IMPS, or cheque transfer.Please note that cash deposits are not accepted.
Q:6 Can I pay for the shares using cash?
Answer: No, cash deposits are not accepted.You must use RTGS, NEFT, IMPS, or cheque transfer for payment.
Q:7 What should I do if I don’t have a Cancelled Cheque?Answer: If you do not have a Cancelled Cheque, you will need to arrange one as it is required for the transaction.Alternatively, you can consult your bank for options.
Q:8 Are there any regulations I need to be aware of when buying unlisted shares?Answer: Yes, you must comply with SEBI regulations, which require KYC documentation, including a client master report, PAN Card, and Cancelled Cheque for the purchase of unlisted shares.