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SEPC Ltd

₹ 9.820.51%
07 Jan – close price
🔗shriramepc.com•BSE: 532945•NSE: SEPC
Market Cap₹ 1,851 Cr.
Current Price₹ 9.82
High / Low₹ 19.9
Stock P/E49.4
Book Value₹ 9.60
Dividend Yield0.00 %
ROCE6.12 %
ROE2.58 %
Face Value₹ 10.0
Sales₹ 470 Cr.
OPM9.11 %
Mar Cap₹ 1,851 Cr.

ABOUT

SEPC (Shriram EPC Ltd till February 2021) was incorporated in June 2000. The company became majority owned by Mark AB since September 2022 post infusion of Rs 350 crore. SEPC specialises in executing EPC contracts, providing integrated solutions encompassing design, engineering, procurement, construction and project management services in water, process and process and metallurgy, and infrastructure segments.[1]

KEY POINTS

Service OfferingsThe company is an engineering, procurement, and construction, commissioning end-to-end solutions provider offering multi-disciplinary services and project management solutions across 2 business areas:

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionPreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Larsen & Toubro4157.0035.57571732.320.824678.0115.6367983.5310.4414.49270722.5112.6716074.883926.095.644.981.32
2.Rail Vikas357.4065.5674435.520.48230.52-19.735122.975.5214.7220026.004.701135.41230.297.806.400.52
3.NBCC116.0546.9131330.860.58156.6925.712910.2018.9933.1712751.715.04667.83153.5211.734.680.00
4.IRB Infra.Devl.42.3329.2125569.190.71140.8241.001751.0210.427.828024.6748.08875.41140.821.252.011.02
5.Kalpataru Proj.1173.7024.3119958.360.77237.3991.276528.5732.4315.9525498.998.25821.04240.052.882.360.69
6.KEC International717.0527.9519094.430.77160.7588.216091.5619.1317.9823335.947.26683.11160.753.382.750.94
7.Ircon Intl.177.4227.7716682.861.49136.51-32.681976.75-19.2311.609787.967.43600.65138.652.583.740.80
8.SEPC9.8249.441851.180.003.1235.65140.53-17.816.12470.419.1137.443.121.021.600.20
–Median: 116 Co.132.9818.54526.960.09.2123.05144.6410.5718.3506.512.7931.749.162.266.930.44

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
122.45140.70133.04143.28175.8279.04142.23147.82117.8054.93129.18170.99140.53
Expenses
108.50142.48129.54130.26151.5660.50138.29141.19102.36136.39120.26163.30135.14
Operating Profit
13.95-1.783.5013.0224.2618.543.946.6315.44-81.468.927.695.39
Other Income
4.0720.1112.822.582.381.5217.6413.948.31136.358.9510.9613.61
Profit before tax
3.725.615.685.1812.739.3610.856.4410.1741.985.436.915.62
Tax %
0.00%0.00%20.07%0.00%36.14%26.71%278.53%0.00%0.00%0.00%0.00%66.57%44.48%
Net Profit
3.735.614.545.188.146.86-19.376.4510.1741.995.432.303.12
EPS in Rs
0.020.030.020.030.040.04-0.100.030.050.220.030.010.02

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
495548548520615741681532303379561598470
Expenses
752614519525587681623593323433527533428
Operating Profit
-257-6728-6286058-61-21-54346543
Other Income
6712168310570-2010-55147463436
Interest
2313012722981049511412612567525843
Depreciation
4676666566555
Profit before tax
-425-253-244-2262429-81-183-20619233531
Net Profit
-439-253-244-1511129-81-183-249-11232525
EPS in Rs
-68.65-20.29-5.11-1.120.080.20-0.58-1.30-1.78-0.060.120.130.13
Dividend Payout %
0%0%0%0%0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:8%
5 Years:36%
3 Years:30%
TTM:66%

Compounded Sales Growth

10 Years:1%
5 Years:-3%
3 Years:25%
TTM:-26%

Return on Equity

10 Years:-7%
5 Years:-8%
3 Years:-2%
Last Year:3%

Stock Price CAGR

10 Years:-11%
5 Years:15%
3 Years:-2%
1 Year:-50%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
44863319379729729729729721,3221,4101,5641,940
Reserves
-239-32412619225828720623-225-237-202-61-77
Borrowings
2,0232,4221,967841800657684836981409455358365
Other Liabilities
587477527567633622552441321368404452397
Total Liabilities
2,4152,6612,9522,5372,6622,5372,4142,2712,0481,8612,0662,3132,624
Fixed Assets
43415561565449444136312625
Gross Block
77.2381.08100.0866.9467.5370.1670.6668.8268.6265.5364.7764.08–
Accumulated Depreciation
33.9740.0244.876.0711.7416.3821.3824.7827.5529.3033.8038.08–
CWIP
2729100000000000
Investments
454551111111112
Other Assets
2,3002,5452,8812,4752,6052,4822,3632,2262,0061,8242,0342,2872,597
Total Assets
2,4152,6612,9522,5372,6622,5372,4142,2712,0481,8612,0662,3132,624

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-374-298-151-49672649-47-7021-119-132
Cash from Investing Activity
1671447-622-383821112-234
Cash from Financing Activity
2153068257-83-238-502568-6127118
Net Cash Flow
822-2235-12-3-0-127-15-11

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
181172194339225170202225338234149180
Inventory Days
195679421–––34–––––
Days Payable
5191,8381,891–––3,191–––––
Cash Conversion Cycle
-142-986-1,277339225170-2,955225338234149180
Working Capital Days
-816243339288213288312229164618520619
ROCE %
–2%6%3%6%7%5%-2%-1%-3%5%6%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025
Promoters
47.62%31.08%26.66%27.75%27.75%26.97%37.65%33.94%33.37%33.37%27.35%27.35%27.16%
FIIs
0.16%0.19%0.21%0.34%0.42%0.47%0.65%0.76%0.64%0.65%0.68%0.62%0.60%
DIIs
40.79%40.79%39.30%37.53%26.58%25.16%24.93%19.00%19.15%19.14%15.75%14.52%14.52%
Public
11.42%27.94%33.82%34.38%45.24%47.41%36.78%46.30%46.84%46.85%56.22%57.51%57.74%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

SEPC Limited to forfeit 4.92 crore partly paid-up equity shares for non-payment of call money

15th April 2026, 10:10 pm

SEPC Ltd Issues Final Reminder for Rights Issue Call; Forfeiture Risk for Non-Payment

13th April 2026, 11:43 pm

SEPC Limited Files SEBI Compliance Certificate for Q4 FY26 Dematerialization

13th April 2026, 9:45 pm

SEPC Limited Appoints Dr. Ashutosh Karnatak as Independent Director

6th April 2026, 11:37 pm

SEPC Limited Announces Trading Window Closure from April 1, 2026

26th March 2026, 10:51 pm

Published by Other Websites

External media mentions & references

SEPC Buys Abu Dhabi Firm Avenir for ₹1,530 Crore, Stock Surges

24th March 2026, 1:03 pm

SEPC buys Avenir for global push, faces valuation questions

24th March 2026, 10:19 am

Coal India Divestment, IRFC Loan, GR Infra Project, SEPC Deal Shake Up Markets

24th March 2026, 7:14 am

India Stocks Buzz: Orders, Expansion, Power Deals Spark March 16 Market Watch

16th March 2026, 7:30 am

Market Movers: JK Lakshmi, Gravita India Lead Day's Corporate Action

13th March 2026, 7:32 am

News Articles

Editorial & research coverage

Midday Market Mayhem: Stocks Surge & Plunge on Orders, Fraud Alerts, and Commodity Waves!
Midday Market Mayhem: Stocks Surge & Plunge on Orders, Fraud Alerts, and Commodity Waves!

29th December 2025, 1:20 pm

Penny Stock Surprise: SEPC Limited Lands Massive Rs 230 Crore Mining Deal with MOIL – Will This Be a Multibagger?
Penny Stock Surprise: SEPC Limited Lands Massive Rs 230 Crore Mining Deal with MOIL – Will This Be a Multibagger?

29th December 2025, 1:01 pm

India Inc's Order Bonanza: Rs 12,444 Cr Inflow Sparks Infrastructure Surge!
India Inc's Order Bonanza: Rs 12,444 Cr Inflow Sparks Infrastructure Surge!

20th December 2025, 10:13 am

Railway Roars: SEPC Ltd. Lands ₹270 Crore Project, Stock Surges 7%!
Railway Roars: SEPC Ltd. Lands ₹270 Crore Project, Stock Surges 7%!

16th December 2025, 10:46 am

SEPC Ltd. Lands GIGANTIC ₹3,300 Crore Mining Deal: Stock Soars 13%! Is This a Massive Turnaround?
SEPC Ltd. Lands GIGANTIC ₹3,300 Crore Mining Deal: Stock Soars 13%! Is This a Massive Turnaround?

15th December 2025, 11:19 am

Documents

Announcements

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Press Release / Media Release

29 Dec - SEPC won Rs.230 crore MOIL turnkey order for Chikla Mine 3rd vertical shaft; ₹167.85cr domestic, USD36.52 lakh imported.

Announcement Under Regulation 30 Of SEBI LODR Regulations

29 Dec - Rs.230 crore turnkey order from MOIL for 3rd vertical shaft at Chikla Mine; awarded Dec 29, 2025.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

16 Dec - SEPC won ₹269.69 crore subcontract for Ajmer–Chanderiya Railway Doubling Project; SEPC to execute works under VPRPL–SBEL JV.

Announcement Under Regulation 30 Of SEBI LODR Regulations

16 Dec - Subcontract from Vishnu Prakash R Punglia Ltd for Ajmer–Chanderiya doubling; Rs 269.69 crore; 24-month execution.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from nse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

10 Sep 2025 from infomerics

Rating update

17 May 2025 from crisil

Rating update

27 May 2024 from crisil

Rating update

29 Apr 2024 from crisil

Rating update

30 Jan 2024 from crisil

Rating update

11 Dec 2023 from care

Concalls

No concalls.

Stock Analysis

Description

  1. SEPC Limited is an EPC solutions provider specializing in water, infrastructure, and other segments, offering integrated design, engineering, procurement, construction, and project management services.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

15th Apr 26
Impact Rating: 7
SEPC Limited issued a final reminder and forfeiture notice for 49,291,505 partly paid-up equity shares, citing non-payment of first and final call money. The action is based on the company's Letter of Offer dated May 22, 2025.
13th Apr 26
Impact Rating: 7
SEPC Limited is issuing a final reminder for shareholders to pay ₹5 per share for partly paid-up rights equity shares by April 29, 2026, to prevent forfeiture.
13th Apr 26
Impact Rating: 3
SEPC Limited has filed a compliance certificate with stock exchanges, obtained from its Registrar and Transfer Agent, Cameo Corporate Services Limited. This certificate confirms adherence to SEBI regulations regarding the dematerialization of securities for the quarter ending March 31, 2026.
6th Apr 26
Impact Rating: 6
SEPC Limited's board appointed energy sector leader Dr. Ashutosh Karnatak as Non-Executive, Independent Director for a five-year term from April 6, 2026, pending shareholder approval.
26th Mar 26
Impact Rating: 6
SEPC Limited has announced a trading window closure starting April 1, 2026, affecting designated employees and relatives. This closure will last until 48 hours post the declaration of financial results for the quarter and fiscal year ending March 31, 2026.