517166
Spel Semiconduct financials
- Market cap
- ₹672 Cr
- Sector
- Capital Goods
What Spel Semiconduct does
SPEL Semiconductor Limited is an IC assembly and test company, providing semiconductor packaging and testing services out of its factory at 5, CMDA Industrial Estate, Maraimalai Nagar, Tamil Nadu, which also serves as its registered office. The company is a 100% Export Oriented Unit, so its assembly and test output is directed to export customers rather than sold mainly in the domestic market. It has no subsidiaries, joint ventures, or associate companies.
- Permanent employees
- 103
- Manufacturing facility
- 1 (Maraimalai Nagar, Tamil Nadu)
- Export orientation
- 100% Export Oriented Unit
Quarterly results
Q4 FY26: revenue down 11.0%, net profit up 109.6% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 1 | 2 | 2 | 2 −9% | 2 +10% | 1 −67% | 2 −11% |
| EBITDA | -1 | -1 | -1 | -3 | -1 +38% | -1 +53% | -2 −136% | 2 +164% |
| Net profit | -4 | -5 | -5 | -8 | -6 −56% | -12 −168% | -7 −36% | 1 +110% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −41.7% 1Y
1Y: ₹250.3 on 8 Sept 2025 → ₹145.9. High ₹250.3 (8 Sept 2025), low ₹122.9 (30 Mar 2026).
Financials, as filed
Revenue fell 40.0% a year over 5 years, FY13 to FY26. Operating margin narrowed to -17.1%.
| Year ending | FY13 | FY14 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | ₹81 Cr | ₹63 Cr | ₹19 Cr | ₹12 Cr | ₹8 Cr | ₹6 Cr |
| Operating profit | ₹11 Cr | ₹15 Cr | ₹5 Cr | ₹-3 Cr | ₹-6 Cr | ₹-1 Cr |
| Operating margin | 14.1% | 23.2% | 26.9% | -21.6% | -72.3% | -17.1% |
| Interest | ₹6 Cr | ₹5 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹5 Cr |
| Depreciation | ₹12 Cr | ₹11 Cr | ₹4 Cr | ₹3 Cr | ₹2 Cr | ₹1 Cr |
| Net profit | ₹-5 Cr | ₹0 Cr | ₹-2 Cr | ₹-17 Cr | ₹-21 Cr | ₹-24 Cr |
| Net margin | -5.6% | 0.5% | -13.0% | -139.9% | -267.8% | -380.4% |
| Cash from operations | — | — | ₹-3 Cr | ₹-9 Cr | ₹-2 Cr | ₹13 Cr |
| Free cash flow | — | — | ₹7 Cr | ₹-1 Cr | ₹-2 Cr | ₹13 Cr |
| ROCE | 0.1% | 4.1% | — | — | — | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹46 Cr | ₹46 Cr | ₹46 Cr | ₹46 Cr | ₹46 Cr | ₹46 Cr |
| Reserves | ₹26 Cr | ₹7 Cr | ₹3 Cr | ₹-13 Cr | ₹-44 Cr | ₹-43 Cr |
| Borrowings | ₹30 Cr | ₹31 Cr | ₹25 Cr | ₹28 Cr | ₹27 Cr | ₹21 Cr |
| Other liabilities | ₹64 Cr | ₹88 Cr | ₹89 Cr | ₹85 Cr | ₹91 Cr | ₹91 Cr |
| Total liabilities | ₹166 Cr | ₹172 Cr | ₹164 Cr | ₹146 Cr | ₹120 Cr | ₹115 Cr |
| Fixed assets | ₹113 Cr | ₹87 Cr | ₹78 Cr | ₹75 Cr | ₹75 Cr | ₹74 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹54 Cr | ₹85 Cr | ₹86 Cr | ₹71 Cr | ₹45 Cr | ₹41 Cr |
| Total assets | ₹166 Cr | ₹172 Cr | ₹164 Cr | ₹146 Cr | ₹120 Cr | ₹115 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 12% to 1,10,209.
- Promoters
- 59.2%
- FIIs
- 0.0%
- DIIs
- 0.0%
- Public
- 40.8%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.Dec '23: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.Mar '24: Promoters 59.2%, FIIs 0.1%, DIIs 0.0%, Public 40.7%.Jun '24: Promoters 59.2%, FIIs 0.1%, DIIs 0.0%, Public 40.7%.Sep '24: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.Dec '24: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.Mar '25: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.Jun '25: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.Sep '25: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.Dec '25: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.Mar '26: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.Jun '26: Promoters 59.2%, FIIs 0.0%, DIIs 0.0%, Public 40.8%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Spel Semiconduct above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Natronix Semiconductor Technology Private Limited | 55.97% | unchanged |
| Valli Arun | 2.11% | unchanged |
| Ar Rm Arun | 0.89% | unchanged |
| Vibrant Industries Private Limited | 0.20% | unchanged |
| Ac Muthiah | 0.00% | unchanged |
| Hitesh Ramji Javeri | — | off the list |
| Sharad Kanayalal Shah | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Spel Semiconduct
Guides on how to read this kind of business and the numbers that matter.