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SPML Infra Limited (SPMLINFRA) Fair Value & Analysis

Industrials · IN · Market cap ₹16.7B

SI SPML Infra Limited SPMLINFRA · NSE
Price₹196.48
Fair Value₹144.63
Upside-26.4%
Quality41/100
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Evidence: Medium Range ₹101.24 – ₹188.02

Fair value as of: Jul 3, 2026

From 14 valuation models · updated today

Share price −2.7% over the past month.

Price vs Fair Value (12 months)

₹307.97 ₹153.73 Fair Value ₹144.63 Jul 2025 Jul 2026

12‑month range ₹153.73 – ₹307.97 · fair‑value band ₹101.24 – ₹188.02 · the ₹196.48 price screens above the ₹144.63 fair value. As of Jul 3, 2026.

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Analysis

SPML Infra Limited (SPMLINFRA) currently trades at ₹196.48, while our model-based Fair Value estimate is ₹144.63 — implying the stock looks roughly 26.4% overvalued today. We read business quality at 41/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, SPML Infra Limited generated revenue of ₹8.7B at a net margin of 8.6%. Revenue grew 53.7% year over year. It earns a return on equity of 8.7%. Net debt stands at ₹1.9B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹8.7B
Revenue growth (YoY) +53.7%
Net margin 8.6%
Return on equity 8.7%
Free cash flow −₹1.8B FY2026
P/E ratio 21.3
More key figures
Operating margin 6.6%
EPS (TTM) ₹9.33
EPS growth (YoY) +205%
Net debt ₹1.9B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

SPML Infra Limited operates as an infrastructure development company in India. The company undertakes water supply and bulk water transmission, wastewater and sanitation, and power distribution and rural electrification projects; constructs pumping stations and water reservoir; and offers metering and billing solutions, and battery energy storage systems, as well as provides services in various areas, including construction of dams, canals, lift irrigation, and micro irrigation. It also undertakes power generation, transmission, and distribution projects, including the construction of hydro, solar, wind, gas turbine, and thermal power plants; and offers rural electrification, and integrated and smart energy management solutions. In addition, the company develops roads, bridges, flyovers, highways, industrial infrastructure, tunnels, special economic zones, industrial/business/technology parks, airports, bus terminals, automated car parking facilities, and toll express roads. …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SPML Infra Limited reported revenue of ₹8.7B in FY2026 versus ₹9.5B in FY2022, a compound −2.3%/yr. Reported net income was ₹747M in FY2026, compounding +290.2%/yr from FY2022.

Revenue −2.3%/yr
FY22 ₹9.5B
FY23 ₹8.8B
FY24 ₹13.2B
FY25 ₹7.7B
FY26 ₹8.7B
Net income +290.2%/yr
FY22 ₹3.2M
FY23 ₹3.9M
FY24 −₹69.7M
FY25 ₹479M
FY26 ₹747M

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Frequently asked questions

Is SPML Infra Limited (SPMLINFRA) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹144.63 versus a price of ₹196.48 — about −26% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SPMLINFRA?
Our model-based fair value for SPML Infra Limited is ₹144.63 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹196.48.
What is the quality score of SPMLINFRA?
SPML Infra Limited has a Quality Score of 41/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SPML Infra Limited (SPMLINFRA)?
SPML Infra Limited reported trailing-twelve-month revenue of about ₹8.7B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of SPMLINFRA?
The net profit margin of SPML Infra Limited is about 8.6%, meaning it keeps roughly 8.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.