Order Book Or Contract Wins
Expected: CurrentHIGH confidence
What: Order Book Value: ₹10,455 crore
Impact: Multi-year revenue visibility
SEPC Ltd: Stock Analysis & Fundamentals
Updated this weekSEPC Ltd (Project Consultancy/Turnkey) — fundamental analysis, earnings data, and key metrics. PE: 30.2. ROE: 2.5%. This stock is not currently in the Nifty 500 momentum outperformers list.
SEPC Ltd Key Facts
What's Happening
👔Promoter stake down 6.6% this quarter
🏛️DII reducing — stake down 4.5%
Earnings Acceleration Triggers
1. Order Book Or Contract Wins
CurrentHIGH
2. Litigation
Q3 FY26MEDIUM
Key Risks
1. Interim attachment of ₹154
HIGH2. Infomerics downgraded ratings to negative due to lower-than-envisaged performanc
MEDIUMSector-Specific Signals
Consolidated Order Book₹10,455 crore
Mining Sector Contribution41%
Attached Receivables₹154.63 crore
Key Numbers
Current Price
₹8
Market Cap
1.5K Cr
Valuation
N/AWhy Are SEPC Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
Litigation
Expected: Q3 FY26MEDIUM confidence
What: Settlement Amount: ₹30.45 crore
Impact: Immediate liquidity
What Are the Key Risks for SEPC Ltd?
Earnings deceleration risks from management commentary
Interim attachment of ₹154
HIGHTrigger: Interim attachment of ₹154.63 crore in trade receivables by Madras High Court due to a decade-old dispute.
Impact: PAT impact: ₹154.63 crore (Receivables attached)
Management view: PWC appointed for financial review; claim covered by indemnity from Twarit.
Monitor: litigation
Infomerics downgraded ratings to negative due to lower-than-envisaged performanc
MEDIUMTrigger: Infomerics downgraded ratings to negative due to lower-than-envisaged performance and delayed international projects.
Management view: Focus on execution and liquidity management.
Monitor: regulatory
What Did SEPC Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹342.07 crore
YoY +114.12%QoQ +36.27%
Revenue growth was driven by accelerated execution of EPC projects and significant new order wins in mining and transportation.
EBITDA
₹29.66 crore
YoY -1.53%Margin 8.67%
EBITDA saw a slight year-on-year decline despite revenue doubling, indicating higher material and construction costs during the quarter.
PAT
₹14.96 crore
YoY +236.62%QoQ +80.28%
PAT growth was significantly aided by a settlement with Hindustan Copper Limited and improved operational controls.
Other Highlights
• Nine-month FY26 revenue of ₹796.89 crore already exceeds full-year FY25 revenue of ₹597.7 crore.
• Material and construction costs rose 52% sequentially to ₹298.24 crore in Q3 FY26.
• Consolidated order book reached a record peak of ₹10,455 crore as of December 31, 2025.
What Sector Metrics Matter for SEPC Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Consolidated Order Book
₹10,455 crore
Why: Driven by fresh orders aggregating ₹5,954 crore during FY26 up to December.
Mining Sector Contribution
41%
Why: Strategic focus on high-value mining infrastructure projects like the MOIL vertical shaft.
Attached Receivables
₹154.63 crore
Why: Interim order by Madras High Court in a decade-old dispute with GPE (India) Ltd.
What Is SEPC Ltd's Management Guidance?
Forward-looking targets from management for Multi-year
Revenue Outlook
Multi-year revenue visibility through expanded order book
Management Tone: BULLISH
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Frequently Asked Questions: SEPC Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were SEPC Ltd's latest quarterly results?
SEPC Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: +275.0%
- Revenue Growth YoY: +156.4%
- Operating Margin: 8.0%
What is SEPC Ltd's current PE ratio?
SEPC Ltd's current PE ratio is 30.2x.
- Current PE: 30.2x
- Market Cap: 1.5K Cr
What is SEPC Ltd's price-to-book ratio?
SEPC Ltd's price-to-book ratio is 0.8x.
- Price-to-Book (P/B): 0.8x
- Book Value per Share: ₹10
- Current Price: ₹8
Is SEPC Ltd a fundamentally strong company?
SEPC Ltd's fundamental strength based on key financial ratios
- Return on Capital (ROCE): 6.0%
Is SEPC Ltd debt free?
SEPC Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹365 Cr
What is SEPC Ltd's return on equity (ROE) and ROCE?
SEPC Ltd's return ratios over recent years
- FY2023: ROCE -3.0%
- FY2024: ROCE 5.0%
- FY2025: ROCE 6.0%
Is SEPC Ltd's cash flow positive?
SEPC Ltd's operating cash flow is negative (FY2025).
- Cash from Operations (CFO): ₹-133 Cr
- Free Cash Flow (FCF): ₹-129 Cr
- CFO/PAT Ratio: -532% (weak cash conversion)
What is SEPC Ltd's dividend yield?
SEPC Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹8
Who holds SEPC Ltd shares — promoters, FII, DII?
SEPC Ltd's shareholding pattern (Mar 2026)
- Promoters: 18.7%
- FII (Foreign): 1.0%
- DII (Domestic): 13.9%
- Public: 66.5%
Is promoter holding increasing or decreasing in SEPC Ltd?
SEPC Ltd's promoter holding has decreased recently.
- Current Promoter Holding: 18.7% (Mar 2026)
- Previous Quarter: 26.5% (Dec 2025)
- Change: -7.86% (decreasing — worth monitoring)
Is SEPC Ltd a new momentum entry or an established outperformer?
SEPC Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for SEPC Ltd?
SEPC Ltd has 2 key growth catalysts identified from recent earnings analysis
- Order Book Or Contract Wins — The order book is over 10x the current annual revenue, providing massive long-term growth potential.
- Litigation — Resolution of long-standing disputes improves cash flow and reduces legal overheads.
What are the key risks in SEPC Ltd?
SEPC Ltd has 2 key risks worth monitoring
- [HIGH] Interim attachment of ₹154 — Interim attachment of ₹154.63 crore in trade receivables by Madras High Court due to a decade-old dispute.
- [MEDIUM] Infomerics downgraded ratings to negative due to lower-than-envisaged performanc — Infomerics downgraded ratings to negative due to lower-than-envisaged performance and delayed international projects.
What is SEPC Ltd's management guidance for growth?
SEPC Ltd's management has provided the following forward guidance for Multi-year
- Revenue outlook: Multi-year revenue visibility through expanded order book
- Margin outlook: Not Given
- Management tone: bullish
What sector-specific metrics matter most for SEPC Ltd?
SEPC Ltd's most important sub-sector-specific KPIs from the latest concall
- Consolidated Order Book: ₹10,455 crore — Driven by fresh orders aggregating ₹5,954 crore during FY26 up to December.
- Mining Sector Contribution: 41% — Strategic focus on high-value mining infrastructure projects like the MOIL vertical shaft.
- Attached Receivables: ₹154.63 crore — Interim order by Madras High Court in a decade-old dispute with GPE (India) Ltd.
Is SEPC Ltd worth studying for long term investment?
Based on quantitative research signals, here is why SEPC Ltd may be worth studying
- Currently showing mixed signals — monitor for clearer trend confirmation
What is the investment thesis for SEPC Ltd?
SEPC Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: Order Book Or Contract Wins
Risk Factors (Bear Case)
- Key risk: Interim attachment of ₹154
What is the future outlook for SEPC Ltd?
SEPC Ltd's forward outlook based on current data signals
- Key Catalyst: Order Book Or Contract Wins
- Key Risk: Interim attachment of ₹154
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.