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15 Days Price Change

Spray Engineering Devices Unlisted Shares

  • Spray Engineering Devices
  • 916668

Spray Engineering Devices Unlisted Shares

  • 5Y
  • 3Y
  • 1Y
  • 6M
  • 1M

5 Year

3 Year

1 Year

6 Month

1 Month

About Spray Engineering Devices Unlisted Shares

1) Established in 2004, initially focused on manufacturing spray nozzles, and has since evolved into a global leader in energy-efficient solutions.

2) Operates across diverse sectors, including sugar, bio-refinery, distillery, jaggery, biofuel, water, and bio-based green chemicals.

3) Operates in over 40 countries, providing expertise in processes such as evaporation, crystallization, and refining.

4) Specializes in integrated energy-saving equipment and solutions for the sugar and allied industries, recognized for enhancing operational efficiency and sustainability.

5) Engages in manufacturing, designing, process engineering, advisory, EPC, and R&D, employing 1,200 skilled professionals. Recognized by the Department of Scientific & Industrial Research (DSIR), Government of India.

Business Verticals:

Spray Engineering Devices Limited (SED) is a global leader in energy-efficient solutions for sugar and allied industries. Sugar, Biofuel, Bio-Refinery, Distillery, Jaggery, Biofuel, Water and Bio Based Green Chemicals.

Innovative Technologies

a) Low-Temperature Evaporation System

SED has developed an efficient, eco-friendly low-temperature evaporation system designed for recycling wastewater into clean water. This system is utilised in over 100 plants globally, achieving significant reductions in steam consumption and power usage while promoting sustainable water use.

b) Boiler-Free Jaggery Production Unit

SED has also established a boiler-free jaggery production unit, capable of producing solid, semi-solid, powder, and cake jaggery. This technology ensures 100% bagasse saving, presenting a profitable and sustainable business proposition.

R&D and Production Facilities

  • R&D Unit: Granted in-house R&D unit status by the Government of India in 2007
  • Fabrication Units: Three modern fabrication and automation units located in Baddi, Himachal Pradesh, India.

Enhanced Industry Efficiency

SED's solutions have been successfully commissioned in over 500 sugar factories in India, achieving significant enhancements in industry efficiency:

  • Steam Consumption: Reduced to 25-26% on cane
  • Power Usage: Lowered to 22-24 kW/Ton
  • Fresh Water Usage: Achieves zero fresh water usage in over 600 installations

Eco-Friendly Wastewater Recycling

In the past 5-6 years, SED has made significant strides in developing and implementing eco-friendly wastewater recycling systems. These systems are operational in over 100 plants worldwide, transforming wastewater into clean water and promoting environmental sustainability.

Domestic Projects

SED has been involved in various significant domestic projects in India, including:

  • Sugar Projects: Bajaj Group, Dalmia Group, DSCL Group, Birla Group, Triveni Sugar Group, and more
  • Water Projects: Dr. Reddy’s Lab, Sun Pharma, Cipla India, JK Cement, TATA Chemicals, Pidlite Industries, and more

International Projects

SED's international presence is marked by major projects with renowned companies in Dubai, South Africa, Nigeria, Kenya, Poland, Brazil, Indonesia and in the USA.



Fundamentals

Spray Engineering Devices Unlisted Shares Price
₹ 525
Per Equity Share
Lot Size
100 Shares
52 Week High
₹ 650
52 Week Low
₹ 525
Depository
NSDL & CDSL
PAN Number
AAICS5252M
ISIN Number
INE528I01015
CIN
U00000CH2004PLC027625
RTA
Link Intime
Market Cap (in cr.)
₹ 1318
P/E Ratio
24.86
P/B Ratio
9.87
Debt to Equity
0.61
ROE (%)
42.91
Book Value
53.19
Face Value
10
Total Shares
25096423


Financials (Figures in Cr.)

  • Income Statement
  • Balance Sheet
  • Cash Flow
P&L Statement
P&L Statement 2021 2022 2023 2024
Revenue 111 214 392 547
Cost of Material Consumed 61 147 255 341
Gross Margins 45.05 31.31 34.95 37.66
Change in Inventory 1 -6 -7 6
Employee Benefit Expenses 21 28 39 47
Other Expenses 15 24 51 66
EBITDA 13 21 54 87
OPM 11.71 9.81 13.78 15.9
Other Income 1 1 1 1
Finance Cost 6 5 8 10
D&A 2 2 3 5
EBIT 11 19 51 82
EBIT Margins 9.91 8.88 13.01 14.99
PBT 5 15 45 74
PBT Margins 4.5 7.01 11.48 13.53
Tax 0 0 12 21
PAT 5 15 33 53
NPM 4.5 7.01 8.42 9.69
EPS 2.23 6.69 14.71 23.56
Financial Ratios
2021 2022 2023 2024
Operating Profit Margin 11.71 9.81 13.78 15.9
Net Profit Margin 4.5 7.01 8.42 9.69
Earning Per Share (Diluted) 2.23 6.69 14.71 23.56
Balance Sheet
Assets 2021 2022 2023 2024
Fixed Assets 24 26 54 76
CWIP 0 1 13 13
Investments 0 0 0.26 0.4
Trade Receivables 30 43 60 87
Inventory 48 66 78 76
Other Assets 22 48 58.74 49.6
Total Assets 124 184 264 302
Liabilities 2021 2022 2023 2024
Share Capital 22.43 22.43 22.43 22.5
FV 10 10 10 10
Reserves 1 16 49 101
Borrowings 21 19 58 75
Trade Payables 37 32 39 56
Other Liabilities 42.57 94.57 95.57 47.5
Total Liabilities 124 184 264 302
Cash-Flow Statement
Cash-Flow Statement 2021 2022 2023 2024
PBT 5 15 45 74
OPBWC 9 17 48 91
Change in Receivables -7 -12 -17 -30
Change in Inventories -7 -18 -12 2
Change in Payables -9 -5 7 15
Other Changes 24 37 -12 -52
Working Capital Change 1 2 -34 -65
Cash Generated From Operations 10 19 14 26
Tax 0 0 0 -7
Cash Flow From Operations 10 19 14 19
Purchase of PPE -3 -5 -43 -30
Sale of PPE 0 0 0 0
Cash Flow From Investment -5 -4 -42 -28
Borrowing 0.24 6.5 -3 17.5
Divided 0 0 0 0
Equity 0.76 0 0 0
Others From Financing -6 -15.5 34 -9.5
Cash Flow from Financing -5 -9 31 8
Net Cash Generated 0 6 3 -1
Cash at the Start 0.24 5 11 1.4
Cash at the End 0.24 11 14 0.4


Shareholding Pattern

  • 2021
  • 2022
  • 2023
  • 2024
Vivek Verma
56.70%
Prateek Verma
26.52%
Klondike Investments Ltd.
12.50%
Others
4.28%
Vivek Verma
56.70%
Prateek Verma
26.52%
Klondike Investment Ltd.
12.50%
Others
4.28%
Vivek Verma
51.20%
Prateek Verma
23.6%
Klondike Investment Ltd.
11.20%
Mukul Mahavir Agarwal
3.2%
Others
10%
Mr. Vivek Verma
53.99%
Mr. Prateek Verma
26.31%
Klondike Investments Ltd
12.50%
Others
7.2%

Peer Ratio

Particulars (cr) Revenue (Fy24) EPS (FY24) Mcap (21.10.24) P/E (21.10.24)
Spray Engineering Devices 14780 34 470250 55x
BSE 1592 57 57203 96x