🏗️SEPC Ltd: A Small Cap company providing EPC and Project management services
🏗️Water projects constitute 83% of the company's order book, amounting to ₹950 Cr
💡The prevalence of water projects shaping the company's future.
Company Analysis📚👇
🏗️Water projects constitute 83% of the company's order book, amounting to ₹950 Cr
💡The prevalence of water projects shaping the company's future.
Company Analysis📚👇
⚡️SEPC Ltd:
🔹Incorporated in 2000, is one of the country’s leading service provider of integrated design, EPC & project management services for water & waste-water treatment plants, water infrastructure, process & metallurgy plants, power plants, and mines & mineral processing.
🔹Incorporated in 2000, is one of the country’s leading service provider of integrated design, EPC & project management services for water & waste-water treatment plants, water infrastructure, process & metallurgy plants, power plants, and mines & mineral processing.
🔶Key Metrics:
🔹M Cap: ₹3,404 Cr
🔹Current Price: ₹24.8
🔹TTM P/E Ratio: -600.5
🔹ROCE: -2.62%
🔹OPM: 8.93%
🔹3 Years Sales Growth: -32.1%
🔹M Cap: ₹3,404 Cr
🔹Current Price: ₹24.8
🔹TTM P/E Ratio: -600.5
🔹ROCE: -2.62%
🔹OPM: 8.93%
🔹3 Years Sales Growth: -32.1%
🔶Business Segments:
🔹Water and Wastewater Management: The company offers turnkey solutions for environmental projects, including designing & implementing water & sewage treatment plants, wastewater treatment, management, water distribution systems and pipe rehabilitation.
🔹Water and Wastewater Management: The company offers turnkey solutions for environmental projects, including designing & implementing water & sewage treatment plants, wastewater treatment, management, water distribution systems and pipe rehabilitation.
🔹Process & Metallurgy, Mining: The company provides turnkey contracting solutions comprising designing, engineering, and construction for Ferrous and non-ferrous Industries and Cement Plants.
🔹Power: The company offers comprehensive turnkey solutions for various types of power projects, including conventional thermal power plants, windmill-based power plants, and biomass-based power plants.
🔶Completed Projects:
🔹In May 2023, the company completed an Integrated Underground Sewerage Scheme in Porur, Chennai, with a total cost of ₹38 Cr.
🔹In May 2023, the company completed an Integrated Underground Sewerage Scheme in Porur, Chennai, with a total cost of ₹38 Cr.
🔶Order Book:
🔹The company's Order Book stood at ₹1,140 Cr as of FY23.
🔹They have bid for significant orders exceeding ₹3,000 Cr.
🔹Water projects account for approximately ₹950 crore, representing 83% of the total order book.
🔹The company's Order Book stood at ₹1,140 Cr as of FY23.
🔹They have bid for significant orders exceeding ₹3,000 Cr.
🔹Water projects account for approximately ₹950 crore, representing 83% of the total order book.
🔶Resolution Plan:
🔹Mark AB Capital Investment LLC (Mark AB) took over as the majority stakeholder in the company after implementing the resolution plan on Sept 30, 2022.
🔹Mark AB now holds a majority 29.6% stake in the company.
🔹Mark AB Capital Investment LLC (Mark AB) took over as the majority stakeholder in the company after implementing the resolution plan on Sept 30, 2022.
🔹Mark AB now holds a majority 29.6% stake in the company.
🔹AB has infused ₹350 Cr in equity which has been used to repay debt and is further committed to provide additional non-fund-based lines to support the working capital needs.
🔶Debt Conversion:
🔹Lenders converted ₹175 Cr debt into Compulsorily Convertible Debentures (CCDs) with FY2035 conversion.
🔹An additional ₹175 Cr converted to NCDs with a manageable repayment schedule, just ₹0.87 Cr annually until 2027.
🔹Lenders converted ₹175 Cr debt into Compulsorily Convertible Debentures (CCDs) with FY2035 conversion.
🔹An additional ₹175 Cr converted to NCDs with a manageable repayment schedule, just ₹0.87 Cr annually until 2027.
🔶Clientele:
🔹Ahmedabad Urban Development Corporation
🔹Chennai Petroleum Corporation Ltd
🔹Bangalore Water Supply and Sewerage Board
🔹Grasim Industries Ltd – White Cement Division
🔹Kochi Refineries Ltd
🔹MECON Limited
🔹Tata Steel
🔹Vedanta Group
🔹NMDC Limited among others
🔹Ahmedabad Urban Development Corporation
🔹Chennai Petroleum Corporation Ltd
🔹Bangalore Water Supply and Sewerage Board
🔹Grasim Industries Ltd – White Cement Division
🔹Kochi Refineries Ltd
🔹MECON Limited
🔹Tata Steel
🔹Vedanta Group
🔹NMDC Limited among others
🔶Q2FY24 Financial Highlights:
🔹Revenue from Operations at ₹129.18 Cr⬆️135% YOY.
🔹Operating Profit at ₹8.49 Cr⬆️110% YOY.
🔹PAT at ₹5.65 Cr⬇️87% YOY.
🔹EPS at ₹0.04 ⬇️87% YOY.
🔹Revenue from Operations at ₹129.18 Cr⬆️135% YOY.
🔹Operating Profit at ₹8.49 Cr⬆️110% YOY.
🔹PAT at ₹5.65 Cr⬇️87% YOY.
🔹EPS at ₹0.04 ⬇️87% YOY.
🔶Key Highlights:
🔹Company has an established market position among the mid-sized EPC contractors with a 20+ year track record.
🔹Mark AB's global EPC experience in Russia, Algeria, and Kuwait enhances project execution practices at SEPC in India.
🔹Company has an established market position among the mid-sized EPC contractors with a 20+ year track record.
🔹Mark AB's global EPC experience in Russia, Algeria, and Kuwait enhances project execution practices at SEPC in India.
🔹In P&M segment, the co has executed significant projects, including cement handling for Sree Jayajothi Cements, a coal chemical plant for SAIL & a circular shaft for Hutti Gold Mines.
🔹The promoter's shareholding rose by 1.09% in the latest quarter, reaching a total of 27.75%.
🔹The promoter's shareholding rose by 1.09% in the latest quarter, reaching a total of 27.75%.
🔹In the water segment, it specializes in water distribution, treatment & waste-water projects, serving both Indian state departments & international clients.
🔹The company has decreased its debt.
🔹The company has decreased its debt.
🔹Over the last 5 years, market share decreased from 0.33% to 0.15%.
🔹The company attained a positive net cash flow of ₹27 Cr.
🔹The company attained a positive net cash flow of ₹27 Cr.
🔶Industry Outlook:
🔹India's infrastructure industry has witnessed substantial growth & development in recent yrs.
🔹The government is focused on infrastructure investment, allocating US$ 1.4 trillion from 2019 to 2023, driving sustainable development & India's economic growth.
🔹India's infrastructure industry has witnessed substantial growth & development in recent yrs.
🔹The government is focused on infrastructure investment, allocating US$ 1.4 trillion from 2019 to 2023, driving sustainable development & India's economic growth.
🔹Infrastructure development enables efficient transportation & logistics, attracting investment & supporting mining's future growth by facilitating resource extraction.
🔹Government initiatives like NIP and Smart Cities Mission drive infrastructure sector growth.
🔹Government initiatives like NIP and Smart Cities Mission drive infrastructure sector growth.
🔹The infrastructure industry is also witnessing increased foreign investment and collaboration, particularly with countries like Japan.
🔶Vision:
🔹To be a leader in engineering and project implementation with a focus on Water & Infrastructure, Process & Metallurgy and Mining Minerals.
🔹To be a leader in engineering and project implementation with a focus on Water & Infrastructure, Process & Metallurgy and Mining Minerals.
⚡️Disclaimer: The above data should not be considered as a Buy or Sell recommendation.
The analysis has been done for educational & learning purpose only.
The analysis has been done for educational & learning purpose only.
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