SPML Infra share price today

SPML Infra Ltd's share price was ₹138.29 at the close on 4 November 2026. It has been falling for 13 weeks. That is 24.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹128 and ₹221, and at that close it sat 11% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today SPML Infra Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running.

Over the last 11 years the share price moved +121% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 3 quarters in a row, revenue up on a year earlier for 4 quarters in a row and profit up on a year earlier for 4 quarters in a row.

1. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 1.8% to 1.9% of the company by the September 2026 quarter.

2. Revenue up on a year earlier for 4 quarters in a row

   In the June 2026 quarter revenue was ₹284 crore, +82.1% on a year earlier.

   Why: Revenue rose because the company is carrying out more water projects funded by government programs.

   Next results: check whether the first NTPC battery storage delivery starts and adds revenue.

   From the earnings call on 29 Sep 2026.

3. Profit up on a year earlier for 4 quarters in a row

   In the June 2026 quarter profit was ₹23 crore, +91.7% on a year earlier.

   Why: Profit rose because the mix shifted away from older low-margin work to newer work with better margins.

   Next results: check whether higher-margin new work keeps replacing older work.

   From the earnings call on 29 Sep 2026.

For April to June 2026 (the quarter ended 30 June 2026), SPML Infra reported revenue of ₹284 crore, up 82.1% from ₹156 crore a year earlier, and a profit of ₹23.0 crore, up 91.7% from ₹12.0 crore.

SPML Infra results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

SPML Infra's management discussed these results on a call held on 29 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

SPML Infra closed at ₹138.29 on 4 November 2026, down 37.3% from ₹220.64 a year earlier (7 November 2025) and up 1,145.9% over five years. Its highest weekly close since March 2016 was ₹292.40 on 5 September 2025.

SPML Infra share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: SPML Infra closed at ₹138.29, up 8.0% on the week and down 13.1% on the month. 29 Sep 2026: SPML Infra held its results call for April to June 2026. Management guided: Revenue and profit growth above 25% over the next few years.

Earlier

• Results for April to June 2026: Revenue up 82.1% and profit up 91.7% on a year earlier.

SPML Infra has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. SPML Infra Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 29 September 2026, SPML Infra's management guided: Revenue and profit growth above 25% over the next few years.

“If I take an order with a 10% margin, we will complete it with a 10% margin because the PV clause is there.”Manoj Dikka, on the call for April to June 2026

What management guided

• Annual selected-order goal is ₹5,000-6,000 crore; an order book of ₹5,000-7,000 crore was described as achievable.
• Bid pipeline of ₹1 lakh crore across water, power and BESS this year.
• BESS capacity to reach 5 GWh plus 600 containers by FY28, funded by around ₹238 crore.
• Full-capacity BESS revenue potential of ₹4,000-5,000 crore annually.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 29 September 2026.

When SPML Infra reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: First NTPC BESS delivery: verify design approval converts into execution within the customer's stated timeline.

SPML Infra is on one of our India lists: 52 week high & low.

SPML Infra Ltd earned ₹23.0 Cr of net profit in the Jun 2026 quarter, +91.7% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹75.0 Cr. That is 8.1% of the quarter's revenue. The same quarter a year earlier earned ₹12.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹75.0 Cr (+56.3% on the year before).

Why profit moved: revenue changed +82.1% on a year earlier and the margin moved +4.4 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +83.0% and revenue +39.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

SPML Infra Ltd reported ₹284 Cr of revenue in the Jun 2026 quarter, +82.1% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown −8.2% a year on average. The last full year, FY26, came in at ₹868 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹995 Cr.

FY26 revenue was ₹868 Cr, +11.7% on the year before.

Recent pace: the last four quarters grew +39.7% on average, against −8.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +37.8%, against −7.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +80.9%, against +191.5% a year (rolling over).

SPML Infra Ltd's operating margin was 9.0% in the Jun 2026 quarter, 4.4 percentage points higher than the same quarter a year ago. Across 13 years it has been between −1.1% and 11.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +4.8 percentage points on the year while gross margin changed +3.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years SPML Infra Ltd's operations used more cash than they brought in, so cash conversion was −155%, a gap worth watching. In FY26 its operations used ₹113 Cr of cash, against ₹75.0 Cr of profit. After ₹103 Cr of spending on assets, free cash was −₹216 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

SPML Infra Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹868 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. Over the last 3 years it sold more assets than it bought, by ₹73.0 Cr.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Over the last 3 years, money from selling assets was ₹73.0 Cr more than it spent on new ones. Work still in progress is ₹64.0 Cr (FY26).

In short: assets are being sold, not built, so this cash is not going into new capacity.

SPML Infra Ltd's P/E is 13.7×, in the middle of its own history: higher than 36% of past readings. Its usual P/E (the middle reading) is 27.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹10.91.