BSE:517166

Stock Analysis Report

Executive Summary

SPEL Semiconductor Limited, a semiconductor assembly and test company, provides contract manufacturing services for semiconductor companies in India.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has SPEL Semiconductor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 517166's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.5%

517166

-0.6%

IN Semiconductor

-3.9%

IN Market


1 Year Return

-55.9%

517166

-51.8%

IN Semiconductor

-32.2%

IN Market

Return vs Industry: 517166 underperformed the Indian Semiconductor industry which returned -51.5% over the past year.

Return vs Market: 517166 underperformed the Indian Market which returned -30.7% over the past year.


Shareholder returns

517166IndustryMarket
7 Day4.5%-0.6%-3.9%
30 Day-33.3%-26.3%-26.8%
90 Day1.5%-37.1%-31.7%
1 Year-55.9%-55.9%-51.7%-51.8%-30.8%-32.2%
3 Year-78.2%-78.2%-69.5%-69.5%-19.5%-23.8%
5 Year-73.4%-73.4%-76.5%-76.9%-10.0%-14.9%

Price Volatility Vs. Market

How volatile is SPEL Semiconductor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SPEL Semiconductor undervalued compared to its fair value and its price relative to the market?

0.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 517166's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 517166's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 517166 is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: 517166 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 517166's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 517166 is good value based on its PB Ratio (0.2x) compared to the IN Semiconductor industry average (0.4x).


Next Steps

Future Growth

How is SPEL Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.1%

Forecasted Semiconductors industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SPEL Semiconductor has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has SPEL Semiconductor performed over the past 5 years?

3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 517166 is currently unprofitable.

Growing Profit Margin: 517166 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 517166 is unprofitable, but has reduced losses over the past 5 years at a rate of 3% per year.

Accelerating Growth: Unable to compare 517166's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 517166 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-4.5%).


Return on Equity

High ROE: 517166 has a negative Return on Equity (-5.82%), as it is currently unprofitable.


Next Steps

Financial Health

How is SPEL Semiconductor's financial position?


Financial Position Analysis

Short Term Liabilities: 517166's short term assets (₹483.1M) exceed its short term liabilities (₹481.3M).

Long Term Liabilities: 517166's short term assets (₹483.1M) exceed its long term liabilities (₹429.4M).


Debt to Equity History and Analysis

Debt Level: 517166's debt to equity ratio (33%) is considered satisfactory.

Reducing Debt: 517166's debt to equity ratio has increased from 26.1% to 33% over the past 5 years.


Balance Sheet

Inventory Level: 517166 has a high level of physical assets or inventory.

Debt Coverage by Assets: 517166's debt is covered by short term assets (assets are 1.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 517166 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 517166 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -15.4% each year


Next Steps

Dividend

What is SPEL Semiconductor's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 517166's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 517166's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 517166's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 517166's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 517166's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average board tenure


CEO

D. Balakrishnan (56yo)

no data

Tenure

₹2,229,060

Compensation

Mr. D. Balakrishnan serves as the Chief Executive Officer at SPEL Semiconductor Limited. Mr. Balakrishnan has been a Whole Time Director of SPEL Semiconductor Limited since June 19, 2014. He serves as a Di ...


CEO Compensation Analysis

Compensation vs Market: D.'s total compensation ($USD29.24K) is below average for companies of similar size in the Indian market ($USD47.81K).

Compensation vs Earnings: D.'s compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
D. Balakrishnan
CEO & Whole Time Directorno data₹2.23m0.022% 31.3k
Krishnaswamy Ravikumar
Non Executive Independent Director5.92yrs₹24.00kno data
Enakshi Bhattacharya
Non Executive Independent Director5.58yrs₹67.00kno data
N. Suryanarayanan
Independent Non-Executive Director2.17yrs₹52.00kno data
S. Chandramohan
Independent Non-Executive Director1.17yrs₹14.00kno data

5.6yrs

Average Tenure

64yo

Average Age

Experienced Board: 517166's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SPEL Semiconductor Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SPEL Semiconductor Limited
  • Ticker: 517166
  • Exchange: BSE
  • Founded: 1984
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: ₹144.348m
  • Shares outstanding: 46.12m
  • Website: https://www.natronix.net/spel.htm

Number of Employees


Location

  • SPEL Semiconductor Limited
  • CMDA Industrial Estate
  • 5 Thiru Vi Ka Street
  • Chennai
  • Tamil Nadu
  • 603209
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
517166BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2000

Biography

SPEL Semiconductor Limited, a semiconductor assembly and test company, provides contract manufacturing services for semiconductor companies in India. The company offers turnkey solutions, including wafer sort, assembly, test, and drop-shipment services; and value added services, such as package design, failure analysis and full reliability test, test program development, and product characterization. It provides packaging solutions for semiconductors used in various applications, such as communications, consumer electronics, computing, industrial, and automotive. The company also offers its products to the integrated device manufacturers and fabless companies in the United States, Asia, and Europe. The company was incorporated in 1984 and is based in Chennai, India. SPEL Semiconductor Limited is a subsidiary of Natronix Semiconductor Technology Private Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 12:48
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.