SPML Infra Limited (SPMLINFRA) AI Stock Analysis

SPML Infra Limited

(NSE:SPMLINFRA)

Select Model

Rating:58Neutral

Price Target:INR 133.00▲(3.91% Upside)

Action:downgraded

Date:08/29/26

The score of 58 is driven primarily by a strong balance sheet and improving profitability, tempered by weak technical momentum from price action below moving averages and negative MACD.

Positive Factors

Revenue GrowthThe strong reported revenue-growth rate indicates expanding business activity and improved project execution. If sustained, higher revenue can support operating leverage, strengthen the company’s market position in civic infrastructure, and provide a broader base for future earnings.

Negative Factors

Weak Cash ConversionNegative operating and free cash flow despite renewed profitability indicates that earnings are not consistently converting into cash. Working-capital swings can therefore constrain self-funded growth and increase reliance on financing or available liquidity during project expansion.

SPML Infra Limited (SPMLINFRA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 10.84B
Dividend Yield: ―
Average Volume (3M): 13.75K
Price to Earnings (P/E): 12.1
Beta (1Y): 0.92
Revenue Growth: 37.86%
EPS Growth: 57.21%
Country: India
Employees: 260
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

SPML Infra Limited Business Overview & Revenue Model

Company Description

SPML Infra Limited is an India-based infrastructure development company with a diverse project portfolio. Its operations in the water sector include the management of urban water supply, distribution, and treatment systems, as well as the constructio...

SPML Infra Limited Financial Statement Overview

Summary

Fortified balance sheet with debt reduced to under 1 billion and debt-to-equity ratio of 0.06 supports stability, alongside improving profitability, but offset by cash flow volatility and revenue inconsistencies.

Income Statement

65Positive

Balance Sheet

85Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	9.92B	8.68B	7.71B	13.19B	8.83B	9.52B
Gross Profit	1.38B	1.17B	820.22M	2.98B	1.13B	672.56M
EBITDA	947.30M	665.49M	608.93M	590.57M	563.42M	236.57M
Net Income	852.34M	746.75M	479.36M	-69.70M	3.91M	3.22M
Balance Sheet
Total Assets	0	22.96B	19.67B	18.92B	27.93B	27.99B
Cash, Cash Equivalents and Short-Term Investments	1.67B	1.67B	2.09B	2.28B	200.65M	406.87M
Total Debt	0	3.58B	3.69B	5.49B	17.54B	18.11B
Total Liabilities	-9.48B	13.48B	11.97B	14.28B	24.44B	24.72B
Stockholders Equity	9.48B	9.48B	7.70B	4.60B	3.42B	3.20B
Cash Flow
Free Cash Flow	-834.69M	-1.79B	-770.82M	5.28B	195.31M	-196.13M
Operating Cash Flow	-486.88M	-1.12B	-765.08M	5.94B	200.36M	-189.60M
Investing Cash Flow	-329.74M	-75.73M	-1.05B	-66.35M	459.19M	359.61M
Financing Cash Flow	47.85M	538.61M	831.48M	-4.10B	-865.77M	-159.69M

SPML Infra Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price128.00

Price Trends

50DMA163.52Negative

100DMA179.38Negative

200DMA183.26Negative

Market Momentum

MACD-10.20Positive

RSI22.25Positive

STOCH19.92Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPMLINFRA, the sentiment is Negative. The current price of 128.00 is below the 20-day moving average (MA) of 145.50, below the 50-day MA of 163.52, and below the 200-day MA of 183.26, indicating a bearish trend. The MACD of -10.20 indicates Positive momentum. The RSI at 22.25 is Positive, neither overbought nor oversold. The STOCH value of 19.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SPMLINFRA.

SPML Infra Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SPMLINFRA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:CAPACITE	64Neutral	INR 12.33B	6.71	―	―	12.37%	-5.17%
IN:DENTA	61Neutral	INR 5.94B	11.07	―	1.12%	9.36%	-14.51%
IN:SPMLINFRA	58Neutral	INR 10.86B	12.10	―	―	37.86%	57.21%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PATELENG	54Neutral	INR 21.85B	7.53	―	―	-1.44%	-0.65%
IN:HCC	45Neutral	INR 44.98B	22.26	―	―	-20.64%	-12.46%
IN:IL&FSENGG	41Neutral	INR 4.98B	46.98	―	―	-33.48%	―

* General Sector Average

Performance Comparison

IN:SPMLINFRA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SPMLINFRA	SPML Infra Limited	128.00	-105.20	-45.11%
IN:CAPACITE	Capacit'e Infraprojects Ltd.	145.70	-142.00	-49.36%
IN:HCC	Hindustan Construction Co. Ltd.	17.17	-11.36	-39.82%
IN:IL&FSENGG	IL&FS Engineering & Construction Co. Ltd.	38.00	10.00	35.71%
IN:PATELENG	Patel Engineering Limited	23.04	-13.91	-37.65%
IN:DENTA	Denta Water and Infra Solutions Limited	222.55	-178.24	-44.47%

SPML Infra Limited Corporate Events

SPML Infra Schedules Investor Meet at Arihant Capital Conference

Sep 21, 2026

SPML Infra Limited has notified the exchange that its management will hold a virtual group meeting with investors and analysts at the Arihant Capital Bharat Connect Conference Rising Star 2026 on 29 September 2026. The interaction will rely solely on...

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: Aug 29, 2026

SPML Infra Limited AI Stock Analysis