SEPC

SEPC share price & financials

Price
₹6.12
Market cap
₹1.0k Cr
Sector
Construction

What SEPC Limited does

SEPC Limited is a turnkey engineering, procurement and construction (EPC) company, earning revenue by executing municipal water and wastewater treatment infrastructure, roads, and metallurgical/process plant projects. It is expanding into large-scale solar power EPC, power-plant operation & maintenance, and deep-shaft underground mining, alongside its traditional civil and process-plant contracting. The company also pursues international infrastructure contracts in the Gulf through step-down subsidiaries in the UAE, Oman and Saudi Arabia. Recent order wins span a 133 MW AC solar power EPC project across 26 locations in Maharashtra, a drinking-water project in Bihar, a power-plant O&M contract in Uttar Pradesh, and a framework agreement for infrastructure works with the Roshn Group in Saudi Arabia.

Segments

  • Water & Wastewater Infrastructure
  • Solar Power EPC
  • Deep Shaft Mining
  • Power Plant O&M
  • Roads & Metallurgical/Process Plants
  • International Infrastructure (Gulf)
Core business lines
Water/wastewater, roads, metallurgical & process plants, solar EPC, power O&M, deep-shaft mining
International subsidiaries
3 — SEPC (FZE) Sharjah (UAE), Shriram EPC Arkan LLC Muscat (Oman), SEPC Arabia Limited (Saudi Arabia)
Geographic footprint
India and the Gulf (UAE, Oman, Saudi Arabia)
Shriram EPC Arkan LLC ownership
70% step-down subsidiary of SEPC (FZE), Sharjah
Notable completed project
Deep Shaft Mining project for Hutti Gold Mines Ltd., Karnataka — Final Acceptance Certificate received, qualifying SEPC for future underground mining work
Recent solar EPC project footprint
133 MW AC solar power project spanning 26 locations in Maharashtra
Headquarters Chennai, Tamil Nadu, India Company website

Quarterly results

Q1 FY27: revenue up 35.6%, net profit down 164.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue171 133 118 202 237 +39%341 +156%274 +132%274 +36%
EBITDA8 3 15 28 11 +38%29 +867%10 −33%17 −39%
Net profit2 4 10 17 8 +300%15 +275%14 +40%-11 −165%
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 −55.5% 1Y

₹4.0₹6.0₹8.0₹10.0₹12.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹11.85 on 10 Sept 2025 → ₹5.27. High ₹13.12 (22 Sept 2025), low ₹4.65 (23 Mar 2026).

Financials, as filed

Revenue grew 40.8% a year over 3 years, FY23 to FY26. Operating margin widened to 7.4%.

Year endingFY23FY24FY25FY26
Revenue₹378 Cr₹561 Cr₹598 Cr₹1.1k Cr
Operating profit₹-66 Cr₹26 Cr₹50 Cr₹78 Cr
Operating margin-17.6%4.6%8.4%7.4%
Interest₹60 Cr₹44 Cr₹44 Cr₹40 Cr
Depreciation₹5 Cr₹4 Cr₹4 Cr₹4 Cr
Net profit₹-5 Cr₹24 Cr₹24 Cr₹54 Cr
Net margin-1.3%4.3%4.0%5.1%
Cash from operations₹21 Cr₹-121 Cr₹-133 Cr₹-263 Cr
Free cash flow₹24 Cr₹-121 Cr₹-133 Cr₹-264 Cr
ROCE-3.0%5.0%6.0%5.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹972 Cr₹972 Cr₹1.3k Cr₹1.4k Cr₹1.9k Cr₹1.9k Cr
Reserves₹32 Cr₹-234 Cr₹-235 Cr₹-200 Cr₹-59 Cr₹-24 Cr
Borrowings₹836 Cr₹981 Cr₹409 Cr₹455 Cr₹365 Cr₹354 Cr
Other liabilities₹577 Cr₹505 Cr₹506 Cr₹544 Cr₹689 Cr₹820 Cr
Total liabilities₹2.4k Cr₹2.2k Cr₹2.0k Cr₹2.2k Cr₹2.9k Cr₹3.1k Cr
Fixed assets₹45 Cr₹41 Cr₹36 Cr₹31 Cr₹25 Cr₹22 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹1 Cr₹1 Cr₹0 Cr₹1 Cr₹2 Cr₹2 Cr
Other assets₹2.4k Cr₹2.2k Cr₹2.0k Cr₹2.2k Cr₹2.9k Cr₹3.1k Cr
Total assets₹2.4k Cr₹2.2k Cr₹2.0k Cr₹2.2k Cr₹2.9k Cr₹3.1k 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

Since Jun 2025, the public added +17.17 pp while promoters trimmed −15.68 pp. The shareholder count grew 7% to 3,22,629.

Promoters
11.7%
FIIs
1.0%
DIIs
13.9%
Public
73.4%

Since Jun 2025

  • Public +17.17 pp
  • Promoters −15.68 pp
  • DIIs −1.84 pp

How it drifted, 12 quarters

Over this window the public went from 34.4% to 73.4% — +39.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 27.8%, FIIs 0.3%, DIIs 37.5%, Public 34.4%.Dec '23: Promoters 27.8%, FIIs 0.4%, DIIs 26.6%, Public 45.2%.Mar '24: Promoters 27.0%, FIIs 0.5%, DIIs 25.2%, Public 47.4%.Jun '24: Promoters 37.6%, FIIs 0.7%, DIIs 24.9%, Public 36.8%.Sep '24: Promoters 33.9%, FIIs 0.8%, DIIs 19.0%, Public 46.3%.Dec '24: Promoters 33.4%, FIIs 0.6%, DIIs 19.1%, Public 46.8%.Mar '25: Promoters 33.4%, FIIs 0.7%, DIIs 19.1%, Public 46.9%.Jun '25: Promoters 27.4%, FIIs 0.7%, DIIs 15.8%, Public 56.2%.Sep '25: Promoters 27.4%, FIIs 0.6%, DIIs 14.5%, Public 57.5%.Dec '25: Promoters 26.5%, FIIs 0.6%, DIIs 14.6%, Public 58.3%.Mar '26: Promoters 18.7%, FIIs 1.0%, DIIs 13.9%, Public 66.5%.Jun '26: Promoters 11.7%, FIIs 1.0%, DIIs 13.9%, Public 73.4%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of SEPC Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Mark Ab Welfare Trust 11.62%−7.00 pp
Punjab National Bank Bank4.95%unchanged
Central Bank Of India Bank4.40%unchanged
The South Indian Bank Limited Bank1.95%unchanged
Bank of India Bank1.40%unchanged
Mark A B Capital Investment Llc 0.05%unchanged
Mark Ab Capital Private Limited 0.00%unchanged

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 SEPC Limited

Guides on how to read this kind of business and the numbers that matter.