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Spacenet Enterprises India Ltd.
(SPCENET)
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Rating:66Neutral
Price Target:
₹3.50
▲(5.42% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily supported by improving financial performance (growth and profitability since 2022) and attractive valuation (low P/E and high dividend yield). These positives are tempered by weaker technicals (below major moving averages with negative MACD) and historical cash-flow volatility, including negative free cash flow through 2025 before a 2026 improvement.
Positive Factors
Revenue and earnings scale-up
The multi-year expansion in revenue and the shift to sustained positive profitability indicate that the company has increased its operating scale since 2022. A larger earnings base can support reinvestment and strengthen financial resilience, although continued execution is needed to preserve this trajectory.
Negative Factors
Volatile cash conversion
Despite recent improvement, the prolonged history of negative operating and free cash flow shows that earnings have not converted consistently into cash. Such volatility can create liquidity pressure during weaker periods and makes planning, reinvestment and shareholder distributions less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and earnings scale-up
The multi-year expansion in revenue and the shift to sustained positive profitability indicate that the company has increased its operating scale since 2022. A larger earnings base can support reinvestment and strengthen financial resilience, although continued execution is needed to preserve this trajectory.
Read all positive factors
Spacenet Enterprises India Ltd. (SPCENET) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.92B
Dividend Yield0.29%
Average Volume (3M)844.41K
Price to Earnings (P/E)7.5
Beta (1Y)2.10
Revenue Growth8.06%
EPS Growth90.14%
CountryIN
Employees16
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.45
Shares Outstanding567,735,700
10 Day Avg. Volume1,066,765
30 Day Avg. Volume844,415
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.95
Price to Sales (P/S)0.86
P/FCF Ratio7.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 d...
Spacenet Enterprises India Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| 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 | 355.48M | 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 | 0.00 | 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 | 0.00 | 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
Negative
3.32
Price Trends
3.53
Negative
3.64
Negative
4.59
Negative
Market Momentum
-0.02
Negative
47.61
Neutral
70.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPCENET, the sentiment is Negative. The current price of 3.32 is below the 20-day moving average (MA) of 3.37, below the 50-day MA of 3.53, and below the 200-day MA of 4.59, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 47.61 is Neutral, neither overbought nor oversold. The STOCH value of 70.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SPCENET.
Spacenet Enterprises India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹1.36B | 7.95 | ― | 4.43% | 3.93% | 0.11% | |
66 Neutral | ₹1.92B | 7.48 | ― | 0.29% | 8.06% | 90.14% | |
66 Neutral | ₹3.34B | 9.91 | ― | 10.97% | 22.09% | 76.70% | |
62 Neutral | ₹1.24B | 16.65 | ― | 5.38% | -1.63% | -5.03% | |
62 Neutral | ₹1.33B | 23.43 | ― | 0.42% | -6.38% | -70.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹971.25M | 32.48 | ― | 26.33% | -14.45% | -38.57% |
* General Sector Average
IN:SPCENET
Spacenet Enterprises India Ltd.
3.39
-3.90
-53.49%
IN:ALMONDZ
Almondz Global Securities Limited
19.09
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IN:DBSTOCKBRO
DB (International) Stock Brokers Limited
27.75
0.80
2.97%
IN:INDBANK
Indbank Merchant Banking Services Limited
27.92
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IN:KEYFINSERV
Keynote Financial Services Limited
239.00
-14.03
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IN:STEELCITY
Steel City Securities Ltd.
90.30
-8.42
-8.53%
Spacenet Enterprises India Ltd. Corporate Events
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 202...
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 regu...
Spacenet Enterprises Files SEBI Compliance Certificate for June Quarter
Jul 14, 2026
Spacenet Enterprises India Ltd., formerly Northgate Com Tech Ltd., is a Hyderabad-based listed company whose shares trade on the National Stock Exchange under the symbol SPCENET. The firm’s share registry and transfer functions are managed b...
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.