SEPC Ltd
SEPCSEPC Ltd's earnings have outrun its stock. EPS grew +115.4% in a year against a −54.2% price move.
The sharpest disagreement: profits are rising, but only −507% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (79 weeks in) while the P/E sits at the 20th percentile of its own 8-year range. Underneath, the last four quarters read improving — profit +40.0% year on year, and −507% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
SEPC Ltd trades at ₹6.1, in a downtrend and 79 weeks into that stage. That is −29.2% against its own 200-day average. It sits at 12% of a 52-week range of ₹5 to ₹13. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (7 weeks and counting).
Today the stock is in a downtrend — week 79 of stage 4, confirmed. At ₹6.1 it trades −29.2% versus its 200-day average and sits at 12% of its 52-week range (₹5–₹13).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved −71% while the NIFTY 500 moved +280% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (7 weeks and counting; last ahead the week of 2026-06-17) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 20th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
SEPC Ltd trades at 21.1× P/E, near the bottom of its own range — cheaper only 20% of the time. Its long-run median P/E is 42.0×, measured across 8.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 21.1× is near the bottom of its own range — cheaper only 20% of the time, against a long-run median of 42.0× measured over 8.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +115.4% against a −54.2% price move — earnings outran the price, pushing the multiple DOWN its own range.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
SEPC Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −33.3% at the trough to +40.0% off a 5-quarter-old trough (single-quarter readings), ROCE holding at 5.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +76.3% | +40.6% | +12.6% | +6.8% |
| Profit | +116.0% | — | — | — |
| EPS | +115.4% | — | — | — |
| Share price | −54.2% | −14.9% | +5.2% | −11.9% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
42.2/100 — rank 3 of 3 in Project Consultancy/Turnkey · 77% evidence confidence
SEPC Ltd scores 42.2 out of 100 against the 3 companies it is compared with in Project Consultancy/Turnkey, ranking 3. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.6% and the one-year return is -54.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
The four contributions add to the total exactly: 23.2 + 9 + 10 + 0 = 42.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
SEPC Ltd reported ₹274 Cr of revenue in the Mar 26 quarter, +132.2% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 6.8% a year. The last full year, FY26, came in at ₹1,054 Cr. The last four reported quarters add to ₹1,054 Cr.
SEPC Ltd reported ₹274 Cr of revenue in the Mar 26 quarter, +132.2% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 6.8% a year. The last full year, FY26, came in at ₹1,054 Cr. The last four reported quarters add to ₹1,054 Cr.
FY26 revenue came in at ₹1,054 Cr (+76.3% on the year), capping 10 years at 6.8% compound. The latest quarter (Mar 26) printed ₹274 Cr, +132.2% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +85.5% growth against the decade's 6.8% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +76.3% over the last 4 quarters against +37.1%/yr over the last 8 — accelerating; TTM profit +125.0% vs +50.0%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 4.0% this quarter (−9.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
SEPC Ltd's operating margin is 4.0% in the Mar 26 quarter, −9.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −52.0% to 11.0%. The current quarter sits inside that band.
SEPC Ltd's operating margin is 4.0% in the Mar 26 quarter, −9.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −52.0% to 11.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 4.0%, −9.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −52.0%–11.0%.
🚨 Why the margin moved: operating margin went −9.3 pp year on year while gross margin went −16.8 pp — the loss came mostly from the gross line: input costs and pricing.
→ Margins slipped — did that reach the bottom line? Next: profit +40.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
SEPC Ltd earned ₹14.0 Cr of net profit in the Mar 26 quarter, +40.0% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹54.0 Cr. That is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹10.0 Cr.
SEPC Ltd earned ₹14.0 Cr of net profit in the Mar 26 quarter, +40.0% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹54.0 Cr. That is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹10.0 Cr.
Mar 26 profit was ₹14.0 Cr, +40.0% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹54.0 Cr (+116.0%).
Why profit moved: revenue contributed +132.2% and the margin −9.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +181.9% vs revenue +85.5%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: −507% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −507% of SEPC Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−263 Cr of operating cash against ₹54.0 Cr of profit. After ₹1.0 Cr of capital spending, ₹−264 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.
FY26: operating cash of ₹−263 Cr against reported profit of ₹54.0 Cr, leaving free cash of ₹−264 Cr after ₹1.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −507% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −507%: the cash cycle tightened 48 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a 204-day cycle and ₹1.0 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
SEPC Ltd's cash conversion cycle runs 204 days in FY26, down from 252 days in FY21. Capital spending ran ₹1.0 Cr over the last 3 years. At FY26 sales of ₹1,054 Cr each day of that cycle holds about ₹2.9 Cr, so roughly ₹589 Cr sits inside the business at any moment.
FY26: debtors at 204 days, inventory at 0 days — roughly 0.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 204 days, tighter than FY21's 252.
In money terms: at FY26 sales of ₹1,054 Cr, each day of the cycle holds about ₹2.9 Cr — so the 204-day loop keeps roughly ₹589 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹1.0 Cr over the last 3 fiscal years against ₹15.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 5% and the ROIC − WACC spread is −9.1 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
SEPC Ltd earns a ROCE of 5% in FY26. That is up from a trough of −3% in FY23. Return on invested capital clears the cost of that capital by −9.1 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 5.1% net margin on 0.34× asset turns.
FY26 ROCE is 5%, recovered from a FY23 trough of −3% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 5.1% net margin × 0.34× asset turns × 1.61× balance-sheet leverage ≈ 2.8% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 2.9% − 12.0% = a −9.1 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.18.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
SEPC Ltd carries total debt of ₹353 Cr against shareholder equity of ₹1,921 Cr as of Mar 26, a debt-to-equity of 0.18 — effectively unlevered. On the annual view that ratio went from 1.33 in FY22 to 0.18 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹353 Cr against shareholder equity of ₹1,921 Cr — a debt-to-equity of 0.18. On the annual view, debt-to-equity went from 1.33 (FY22) to 0.18 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Promoters cut 26.0 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 26.0 points of SEPC Ltd over 8 quarters, the biggest move on the register. That takes promoters to 11.7% of the company. Domestic institutions moved −11.0 points over the same window, to 13.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −26.0 points over 8 quarters to 11.7%; Domestic institutions: −11.0 points over 8 quarters to 13.9%; Foreign institutions: +0.4 points over 8 quarters to 1.0%. Note the structure: promoters hold under 20% — this is a widely-held company where institutions, not a family, set the direction.
🚨 Why the register moved: promoters drove it (−26.0 points), alongside domestic institutions (−11.0 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
SEPC Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| SEPC Ltd this page | 21.1× | ₹1,151 Cr | Turning around | |||
| Power Mech Projects Ltd | 22.5× | ₹8,200 Cr | Topping out | |||
| Om Infra Ltd | 40.8× | ₹839 Cr | Mixed |
Frequently asked questions
What is SEPC Ltd's share price today?
SEPC Ltd trades at ₹6.1, −54.2% over the past year. The company is valued at ₹1,151 Cr. The stock sits at 12% of its 52-week range of ₹5–₹13, −29.2% versus its 200-day average. On the tape, the price is in a downtrend, 79 weeks in. — as of 24 July 2026.
What were SEPC Ltd's latest quarterly results?
SEPC Ltd reported revenue of ₹274 Cr and net profit of ₹14.0 Cr for the Mar 26 quarter. Revenue rose 132.2% and profit rose 40.0% year on year. Earnings per share were ₹0.07. The operating margin was 4.0%, 9.0 pp lower than a year earlier. — as of 24 July 2026.
What is SEPC Ltd's revenue?
SEPC Ltd reported revenue of ₹274 Cr in the Mar 26 quarter, +132.2% year on year. For the full FY26 fiscal year, revenue was ₹1,054 Cr (+76.3%). Over the last 10 years revenue compounded at 6.8% a year. — as of 24 July 2026.
What is SEPC Ltd's profit?
SEPC Ltd earned ₹14.0 Cr of net profit in the Mar 26 quarter, +40.0% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹54.0 Cr. The operating margin ran 4.0% in the latest quarter. — as of 24 July 2026.
What is SEPC Ltd's market cap?
SEPC Ltd's market capitalisation is ₹1,151 Cr at a share price of ₹6.1. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is SEPC Ltd's P/E ratio?
SEPC Ltd trades at a P/E of 21.1×, at the 20th percentile of its own 8-year range, against a long-run median of 42.0×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does SEPC Ltd pay a dividend?
No — SEPC Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.
Is SEPC Ltd overvalued?
On its own history, SEPC Ltd looks cheap against its own history: its P/E of 21.1× has been cheaper only 20% of the time in 8 years (long-run median 42.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is SEPC Ltd growing?
Yes — SEPC Ltd is growing: latest-quarter revenue +132.2% year on year, profit +40.0%, and the margin −9.0 pp at 4.0%. The earnings engine currently reads: improving — as of 24 July 2026.
How is SEPC Ltd performing?
SEPC Ltd is in a downtrend, 79 weeks in. Its latest quarter's revenue rose 132.2% and profit rose 40.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 7 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is SEPC Ltd in?
Turning around — profit growth swung from −33.3% at the trough to +40.0% off a 5-quarter-old trough (single-quarter readings), ROCE holding at 5.0%. The read comes from the last 12 quarters of growth (revenue growth +132.2% latest, profit growth +40.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is SEPC Ltd in an uptrend?
No — the price is in a downtrend (week 79 of stage 4), trading −29.2% versus its 200-day average and at 12% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is SEPC Ltd beating the market?
Not lately — on a trailing-13-week view SEPC Ltd is currently behind the NIFTY 500 (7 weeks and counting; last ahead the week of 2026-06-17), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved −71% against the NIFTY 500's +280% — behind the index over the full window. — as of 24 July 2026.
Will SEPC Ltd's share price go up?
This page publishes no price forecast for SEPC Ltd. What it measures instead: the share price is ₹6.1, the price is in a downtrend 79 weeks in. Its P/E of 21.1× sits at the 20th percentile of its own 8-year range. Direction is not something this site claims to know. — as of 24 July 2026.
Who owns SEPC Ltd?
Promoters hold 11.7% of SEPC Ltd, foreign institutions 1.0%, domestic institutions 13.9% and the public 73.4% (latest quarter). The biggest move on the register over the last two years: Promoters cut 26.0 points over 8 quarters. — as of 24 July 2026.
Does SEPC Ltd have too much debt?
No — SEPC Ltd's debt-to-equity is 0.18, and operating profit covers the interest bill 2×. FY26 borrowings were ₹354 Cr against equity of ₹1,919 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is SEPC Ltd's capex?
SEPC Ltd spent ₹1.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹1.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is SEPC Ltd's cash flow?
SEPC Ltd generated ₹−263 Cr of operating cash flow in FY26 and ₹−264 Cr of free cash flow after ₹1.0 Cr of capital spending. Reported profit that year was ₹54.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is SEPC Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −507% of SEPC Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−263 Cr against reported profit of ₹54.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is SEPC Ltd in its business cycle?
SEPC Ltd's FY26 operating margin was 7.0%, against a 13-year band of −52.0%–11.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 4.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the SEPC Ltd story?
The sharpest disagreement: profits are rising, but only −507% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is SEPC Ltd a stock worth studying right now?
This is not investment advice. The machine read: SEPC Ltd's earnings have outrun its stock. EPS grew +115.4% in a year against a −54.2% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.