Spacenet Enterprises India Ltd. (SPCENET) AI Stock Analysis

2 Followers

Spacenet Enterprises India Ltd.

(NSE:SPCENET)

Select Model

Rating:72Outperform

Price Target:INR 4.50▼(-0.66% Downside)

Action:upgraded

Date:11/12/26

The score is driven primarily by improved financial performance (growth and profitability since 2022) and very attractive valuation (low P/E and high dividend yield). Technicals are supportive but tempered by an overbought RSI, while cash-flow volatility and the 2026 debt increase remain key risks.

Positive Factors

Revenue and earnings scale-upThe multi-year increase in revenue and the shift to sustained profitability indicate meaningful business expansion since 2022. Higher absolute earnings can strengthen internal funding capacity and support continued investment, although consistency remains important.

Negative Factors

Revenue and margin volatilityPeriodic revenue contraction and the latest gross-margin decline make the earnings trajectory less predictable than the longer-term growth trend suggests. Continued volatility could limit operating leverage, reduce earnings visibility, and make future profitability more sensitive to business conditions.

Spacenet Enterprises India Ltd. (SPCENET) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.45B
Dividend Yield: 0.22%
Average Volume (3M): 850.57K
Price to Earnings (P/E): 10.0
Beta (1Y): 1.70
Revenue Growth: 8.06%
EPS Growth: 90.14%
Country: India
Employees: 16
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

Spacenet Enterprises India Ltd. Business Overview & Revenue Model

Company Description

Spacenet Enterprises India Limited, founded in 2010 and headquartered in Hyderabad, India, primarily engages in the domestic trading of various commodities. Additionally, the company is involved in creating bespoke software and digital platforms desi...

Spacenet Enterprises India Ltd. Financial Statement Overview

Summary

Strong multi-year revenue and earnings scale-up since 2022 with improved profitability, and a generally conservative balance sheet historically. Offsetting factors include volatile revenue/margins, historically inconsistent cash conversion (negative operating/free cash flow in several years), and a notable jump in debt in 2026 that warrants monitoring.

Income Statement

72Positive

Balance Sheet

74Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.10B	1.95B	1.57B	1.28B	1.45B	431.39M
Gross Profit	322.92M	163.14M	230.85M	143.02M	122.36M	22.12M
EBITDA	362.32M	217.84M	146.01M	111.69M	27.82M	10.16M
Net Income	250.56M	160.71M	118.92M	104.38M	26.92M	7.28M
Balance Sheet
Total Assets	0	2.45B	1.94B	1.26B	814.70M	531.72M
Cash, Cash Equivalents and Short-Term Investments	29.58M	29.58M	24.29M	61.33M	19.79M	56.41M
Total Debt	0	248.11M	15.76M	8.88M	1.98M	37.69M
Total Liabilities	-1.81B	634.15M	387.46M	166.19M	270.15M	171.69M
Stockholders Equity	1.81B	1.77B	1.51B	1.05B	527.77M	342.56M
Cash Flow
Free Cash Flow	61.05M	225.29M	-39.18M	-191.87M	-52.31M	-67.65M
Operating Cash Flow	61.05M	225.29M	175.59M	-10.76M	-51.49M	-61.93M
Investing Cash Flow	-49.39M	-455.42M	-499.34M	-374.75M	-77.42M	-148.06M
Financing Cash Flow	-10.18M	235.41M	287.54M	427.15M	111.69M	232.39M

Spacenet Enterprises India Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price4.53

Price Trends

50DMA3.30Positive

100DMA3.46Positive

200DMA3.86Positive

Market Momentum

MACD0.14Negative

RSI85.26Negative

STOCH87.59Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPCENET, the sentiment is Positive. The current price of 4.53 is above the 20-day moving average (MA) of 3.31, above the 50-day MA of 3.30, and above the 200-day MA of 3.86, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 85.26 is Negative, neither overbought nor oversold. The STOCH value of 87.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SPCENET.

Spacenet Enterprises India Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SPCENET against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:STEELCITY	82Outperform	INR 1.27B	6.89	―	4.80%	12.62%	20.92%
IN:SPCENET	72Outperform	INR 2.20B	9.97	―	0.22%	8.06%	90.14%
IN:ALMONDZ	56Neutral	INR 3.36B	8.09	―	―	26.41%	89.57%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:INDBANK	53Neutral	INR 1.16B	16.49	―	―	6.28%	12.91%
IN:KEYFINSERV	50Neutral	INR 1.24B	21.29	―	0.47%	-6.38%	-70.43%
IN:DBSTOCKBRO	49Neutral	INR 1.14B	46.86	―	―	2.35%	-44.06%

* General Sector Average

Performance Comparison

IN:SPCENET and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SPCENET	Spacenet Enterprises India Ltd.	4.53	-4.13	-47.67%
IN:ALMONDZ	Almondz Global Securities Limited	17.16	-0.81	-4.51%
IN:DBSTOCKBRO	DB (International) Stock Brokers Limited	32.80	7.82	31.31%
IN:INDBANK	Indbank Merchant Banking Services Limited	26.11	-10.67	-29.01%
IN:KEYFINSERV	Keynote Financial Services Limited	211.95	-129.91	-38.00%
IN:STEELCITY	Steel City Securities Ltd.	83.37	-8.28	-9.03%

Spacenet Enterprises India Ltd. Corporate Events

Spacenet Enterprises Clarifies EPS Error in NSE XBRL Filing

Sep 16, 2026

Spacenet Enterprises India Ltd. has clarified a discrepancy in its standalone earnings per share figures reported in the XBRL filing for the quarter ended 30 June 2026. The company stated that the mismatch arose from an inadvertent typographical or d...

Spacenet Enterprises India Announces Virtual 16th AGM on 29 September

Sep 2, 2026

Spacenet Enterprises India Limited has notified the National Stock Exchange that it has published newspaper advertisements in Financial Express and Nava Telangana regarding its 16th Annual General Meeting. The AGM is scheduled for 29 September 2026 a...

Spacenet Enterprises Publishes June-Quarter Financials in Compliance with SEBI Norms

Aug 15, 2026

Spacenet Enterprises India Ltd., a National Stock Exchange-listed company based in Hyderabad, operates under SEBI’s disclosure and listing framework. The firm is obligated to regularly share financial information with public markets and regulators as...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 12, 2026

Spacenet Enterprises India Ltd. AI Stock Analysis