# SPML Infra share price today (SPML Infra Ltd, NSE: SPMLINFRA)

> SPML Infra share price today: ₹135.71 at the NSE close on 3 November 2026, down 41.1% in a year. SPML Infra (NSE: SPMLINFRA) is worth ₹1,149 crore, trades at a P/E of 13.5 and has closed between ₹128.00 and ₹220.64 over the past 52 weeks. > SPML Infra Ltd's earnings have grown faster than its share price. Earnings per share grew +41.3% in a year while the price moved −41.1%. SPMLINFRA · Infra - Construction & Contracting · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/spml-infra-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹135.71 (−41.1% in a year)
- P/E: 13.5× (lower than 64% of the last 11 years)
- Revenue (Jun 2026): ₹284 Cr (+82.1% on a year ago)
- Profit (Jun 2026): ₹23.0 Cr (+91.7% on a year ago)
- Operating margin: 9.0% (+4.4 points on a year ago)
- ROCE: 6%, FY26
- ROIC: 7.0%, against a 12.0% cost of capital: −5.0 points

The main question: profits are rising, but only −155% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the SPML Infra share price today? SPML Infra Ltd's share price was ₹135.71 at the close on 3 November 2026. It has been falling for 13 weeks. That is 26.1% 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 8% of the way up from that low. 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 +116% 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. ## What changed at SPML Infra this quarter? 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. ## What are SPML Infra's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹284 crore | ₹156 crore | +82.1% |
| Profit | ₹23.0 crore | ₹12.0 crore | +91.7% |
| Earnings per share | ₹2.70 | ₹1.69 | +59.8% |
| Operating margin | 9.0% | 4.6% | +4.4 points |

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.)

## What is the SPML Infra share price history? SPML Infra closed at ₹135.71 on 3 November 2026, down 41.1% from ₹230.37 a year earlier (31 October 2025) and up 1,122.6% over five years. Its highest weekly close since March 2016 was ₹292.40 on 5 September 2025. ### SPML Infra share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹128.80 | +5.4% |
| 1 month ago · 1 Oct 2026 | ₹159.20 | −14.8% |
| 6 months ago · 30 Apr 2026 | ₹207.47 | −34.6% |
| 1 year ago · 31 Oct 2025 | ₹230.37 | −41.1% |
| 3 years ago · 3 Nov 2023 | ₹54.05 | +151.1% |
| 5 years ago · 4 Nov 2021 | ₹11.10 | +1,122.6% |
| 10 years ago · 4 Nov 2016 | ₹63.25 | +114.6% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹62.70 | +116.4% |
| Highest weekly close since March 2016 · 5 Sep 2025 | ₹292.40 | −53.6% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹5.45 | +2,390.1% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹220.64 | −38.5% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹128.00 | +6.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on SPML Infra? 3 Nov 2026: SPML Infra closed at ₹135.71, up 5.4% on the week and down 14.8% 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. ## What dividend does SPML Infra pay? 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 4 November 2026.)

## What did SPML Infra management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/293-29-Sep-2026.pdf). (From the call for April to June 2026, 29 September 2026.)

## What to watch in SPML Infra's next results? 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. - What to check (from the call)
- First NTPC BESS delivery: verify design approval converts into execution within the customer's stated timeline. - OEM traction: check for a first non-NTPC battery-pack or container order as the EPC-to-OEM shift develops. - Jal Jeevan Mission: check backlog clearance and selectively funded Mission 2 awards after the stated government sequencing. - Arbitration: check cash realization from advanced awards and any corresponding reduction in the NARCL balance. ## Which stock lists is SPML Infra on? SPML Infra is on one of our India lists: 52 week high & low. [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is SPML Infra profitable? 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. 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. ## How much revenue does SPML Infra make, and is it growing? 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. 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). ## How much of every ₹100 of sales does SPML Infra keep? 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. 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. ## Is SPML Infra's profit turning into cash? 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. 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. ## Where does SPML Infra's cash go? 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. 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. ## What is SPML Infra's P/E ratio, and how does it compare with its own history? SPML Infra Ltd's P/E is 13.5×, 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. 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. Why the multiple is where it is: over the past year earnings per share moved +41.3% while the price moved −41.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 10 years the price moved +7.9% a year; about +33.5% a year came from earnings growth and about −25.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the SPML Infra business getting better or worse? SPML Infra Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +241.5% at its peak to +80.9%, but the business is still expanding, with ROCE steady at 6.5%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does SPML Infra earn on its capital? SPML Infra Ltd earned a ROCE of 6% in FY26. That is up from a low of 1% in FY22. Its return on capital used (ROIC) is 5.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 8.6% net margin and 0.38× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 8.6% net margin × 0.38× asset turnover × 2.42× leverage (assets divided by equity) ≈ 7.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.0% − 12.0% = −5.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 5.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does SPML Infra have too much debt? SPML Infra Ltd has total debt of ₹358 Cr against shareholder equity of ₹948 Cr as of Jun 2026, so its debt is 0.38× its equity. Year by year, that ratio went from 5.54 in FY22 to 0.38 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the SPML Infra shareholding pattern? Promoters raised their stake in SPML Infra Ltd by 5.4 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 40.5% of the company. Foreign institutions moved +0.1 points over the same period, to 0.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +5.4 points over 8 quarters, to 40.5%; Foreign institutions: +0.1 points over 8 quarters, to 0.4%; Domestic institutions: +0.1 points over 8 quarters, to 1.9%. Why the owners changed: promoters drove it (+5.4 points). They raised their stake step by step. ## How far is SPML Infra from balance-sheet trouble? For SPML Infra Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does SPML Infra rank in its industry? 52.7 out of 100, rank 5 of 18 in Infra - Construction & Contracting, with 74% of the evidence available. SPML Infra Ltd scores 52.7 out of 100 against the 18 companies it is compared with in Infra - Construction & Contracting, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 25.7 + 4.1 + 14.5 + 8.4 = 52.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is SPML Infra compared with? SPML Infra ranks 5 of 18 Infra - Construction & Contracting companies on the 4-Factor Sector Score, with 52.7 out of 100. 1. [Mold-Tek Technologies Ltd](https://www.sectoralpha.in/stocks/mold-tek-technologies-ltd) MOLDTECH · breaking out · Most evidence points up · 81% evidence 65.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.0/35 · Revenue 48.7% · Profit 100% · Operating margin change 18.5 points · 88% evidence Capital efficiency 10.8/25 · ROCE 9.5% · Operating margin 19.9% · 100% evidence Valuation 11.7/20 · P/E 28× · PEG 0.62 · 100% evidence Relative strength 12.3/20 · Lead over its industry n/a · Lead over NIFTY 500 23.2% · 1 year n/a · 25% evidence · 7 of 7 weeks ahead Exact sum: 31 + 10.8 + 11.7 + 12.3 = 65.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Cemindia Projects Ltd](https://www.sectoralpha.in/stocks/cemindia-projects-ltd) CEMPRO · quiet · Evidence leans up · 96% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Revenue 8.9% · Profit 47.2% · Operating margin change 1 points · 88% evidence Capital efficiency 18.7/25 · ROCE 32.8% · Operating margin 10% · 100% evidence Valuation 2.5/20 · P/E 38.8× · PEG 5.81 · 100% evidence Relative strength 14.5/20 · Lead over its industry 54.3% · Lead over NIFTY 500 38.4% · 1 year 55.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 25.9 + 18.7 + 2.5 + 14.5 = 61.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Larsen & Toubro Ltd](https://www.sectoralpha.in/stocks/larsen-toubro-ltd) LT · turning · Evidence leans up · 82% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 11.2% · Profit 9.3% · Operating margin change -2 points · 95% evidence Capital efficiency 15.5/25 · ROCE 14.6% · Operating margin 11% · 76% evidence Valuation 9.1/20 · P/E 28.2× · PEG n/a · 50% evidence Relative strength 17.3/20 · Lead over its industry 14.1% · Lead over NIFTY 500 3% · 1 year -3.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.4 + 15.5 + 9.1 + 17.3 = 61.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Patel Engineering Ltd](https://www.sectoralpha.in/stocks/patel-engineering-ltd) PATELENG · basing · Evidence leans up · 96% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue -1.4% · Profit 4.7% · Operating margin change 1 points · 88% evidence Capital efficiency 15.8/25 · ROCE 13.3% · Operating margin 14% · 100% evidence Valuation 15.1/20 · P/E 5.8× · PEG 1.52 · 100% evidence Relative strength 9.5/20 · Lead over its industry -4.9% · Lead over NIFTY 500 -14.5% · 1 year -36.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.4 + 15.8 + 15.1 + 9.5 = 55.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 5. SPML Infra Ltd this page SPMLINFRA · quiet · Evidence leans up · 74% evidence 52.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 37.8% · Profit 80.8% · Operating margin change 4.4 points · 88% evidence Capital efficiency 4.1/25 · ROCE 6.5% · Operating margin 9% · 100% evidence Valuation 14.5/20 · P/E 12.7× · PEG 0.69 · 65% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -26.9% · 1 year -44.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.7 + 4.1 + 14.5 + 8.4 = 52.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [NBCC (India) Ltd](https://www.sectoralpha.in/stocks/nbcc-indialtd) NBCC · quiet · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 3.8% · Profit 30.9% · Operating margin change 2.4 points · 83% evidence Capital efficiency 17.8/25 · ROCE 29.3% · Operating margin 7% · 76% evidence Valuation 10.9/20 · P/E 27.5× · PEG n/a · 50% evidence Relative strength 2.9/20 · Lead over its industry -14.9% · Lead over NIFTY 500 -23.7% · 1 year -40.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.2 + 17.8 + 10.9 + 2.9 = 50.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Hazoor Multi Projects Ltd](https://www.sectoralpha.in/stocks/hazoor-multi-projects-ltd) HAZOOR · Too little evidence to rank firmly · 59% evidence 47.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/43.75 · Revenue -30.5% · Profit -34.1% · Operating margin change 70.1 points · 88% evidence Capital efficiency 18.5/31.25 · ROCE 12% · Operating margin 84.5% · 100% evidence Valuation 13.1/25 · P/E 16.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 15.9 + 18.5 + 13.1 = 47.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Ramky Infrastructure Ltd](https://www.sectoralpha.in/stocks/ramky-infrastructure-ltd) RAMKY · basing · Evidence leans down · 63% evidence 46.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 4.6% · Profit 17.8% · Operating margin change -14 points · 83% evidence Capital efficiency 11.6/25 · ROCE 13.5% · Operating margin 6% · 76% evidence Valuation 13.2/20 · P/E 11.4× · PEG n/a · 50% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -27.3% · 1 year -51.7% · 25% evidence · 0 of 12 weeks ahead Exact sum: 13.9 + 11.6 + 13.2 + 8.2 = 46.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [PNC Infratech Ltd](https://www.sectoralpha.in/stocks/pnc-infratech-ltd) PNCINFRA · quiet · Evidence leans down · 100% evidence 44.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Revenue 1.8% · Profit -21.3% · Operating margin change -1 points · 100% evidence Capital efficiency 10.1/25 · ROCE 8% · Operating margin 21% · 100% evidence Valuation 20.0/20 · P/E 5.1× · PEG 0.17 · 100% evidence Relative strength 0.0/20 · Lead over its industry -31% · Lead over NIFTY 500 -38.1% · 1 year -55.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.7 + 10.1 + 20 + 0 = 44.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Simplex Infrastructures Ltd](https://www.sectoralpha.in/stocks/simplex-infrastructures-ltd) SIMPLEXINF · turning · Evidence leans down · 71% evidence 44.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 4.6% · Profit 80.8% · Operating margin change 3.9 points · 88% evidence Capital efficiency 5.4/25 · ROCE 2.4% · Operating margin 7% · 100% evidence Valuation 5.9/20 · P/E 44.4× · PEG n/a · 50% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 11.1% · 1 year -6.4% · 25% evidence · 7 of 12 weeks ahead Exact sum: 20.9 + 5.4 + 5.9 + 12 = 44.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Likhitha Infrastructure Ltd](https://www.sectoralpha.in/stocks/likhitha-infrastructure-ltd) LIKHITHA · basing · Evidence leans down · 96% evidence 43.1 out of 100 Growth Capital Valuation Relative
12. [H.G. Infra Engineering Ltd](https://www.sectoralpha.in/stocks/hg-infra-engineering-ltd) HGINFRA · quiet · Evidence leans down · 81% evidence 42.1 out of 100 Growth Capital Valuation Relative
13. [IRB Infrastructure Developers Ltd](https://www.sectoralpha.in/stocks/irb-infrastructure-developers-ltd) IRB · basing · Evidence leans down · 78% evidence 42.0 out of 100 Growth Capital Valuation Relative
14. [Hindustan Construction Company Ltd](https://www.sectoralpha.in/stocks/hindustan-construction-company-ltd) HCC · quiet · Evidence leans down · 79% evidence 40.5 out of 100 Growth Capital Valuation Relative
15. [KNR Constructions Ltd](https://www.sectoralpha.in/stocks/knr-constructions-ltd) KNRCON · quiet · Evidence leans down · 78% evidence 38.0 out of 100 Growth Capital Valuation Relative
16. [Rail Vikas Nigam Ltd](https://www.sectoralpha.in/stocks/rail-vikas-nigam-ltd) RVNL · quiet · Evidence leans down · 74% evidence 36.4 out of 100 Growth Capital Valuation Relative
17. [Vishnu Prakash R Punglia Ltd](https://www.sectoralpha.in/stocks/vishnu-prakash-r-punglia-ltd) VPRPL · Too little evidence to rank firmly · 59% evidence 23.0 out of 100 Growth Capital Valuation Relative
18. [Giriraj Civil Developers Ltd](https://www.sectoralpha.in/stocks/giriraj-civil-developers-ltd) GIRIRAJ · Too little evidence to rank firmly · 32% evidence 55.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Infra - Construction & Contracting](https://www.sectoralpha.in/sectors/infra-construction-contracting), all 18 compared on one page. ## Which companies are close to SPML Infra in size? SPML Infra is the 13th largest of 18 Infra - Construction & Contracting companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Patel Engineering, Ramky Infrastructure and Simplex Infrastructures. Just below it: Likhitha Infrastructure, Mold-Tek Technologies and Hazoor Multi Projects. ### Infra - Construction & Contracting companies close in size

1. [Patel Engineering Ltd](https://www.sectoralpha.in/stocks/patel-engineering-ltd) ₹2,286 crore
2. [Ramky Infrastructure Ltd](https://www.sectoralpha.in/stocks/ramky-infrastructure-ltd) ₹2,125 crore
3. [Simplex Infrastructures Ltd](https://www.sectoralpha.in/stocks/simplex-infrastructures-ltd) ₹2,006 crore
4. SPML Infra Ltd ₹1,084 crore
5. [Likhitha Infrastructure Ltd](https://www.sectoralpha.in/stocks/likhitha-infrastructure-ltd) ₹803 crore
6. [Mold-Tek Technologies Ltd](https://www.sectoralpha.in/stocks/mold-tek-technologies-ltd) ₹516 crore
7. [Hazoor Multi Projects Ltd](https://www.sectoralpha.in/stocks/hazoor-multi-projects-ltd) ₹486 crore

[All 18 Infra - Construction & Contracting companies, largest first](https://www.sectoralpha.in/sectors/infra-construction-contracting#all-companies)

### Companies close in size in other industries

1. [GPT Healthcare Ltd](https://www.sectoralpha.in/stocks/gpt-healthcare-ltd) ₹1,089 crore · Hospitals
2. [Raj Rayon Industries Ltd](https://www.sectoralpha.in/stocks/raj-rayon-industries-ltd) ₹1,084 crore · Textiles - Processing/Texturising
3. SPML Infra Ltd ₹1,084 crore
4. [Andrew Yule & Company Ltd](https://www.sectoralpha.in/stocks/andrew-yule-company-ltd) ₹1,079 crore · Diversified
5. [Associated Alcohols & Breweries Ltd](https://www.sectoralpha.in/stocks/associated-alcohols-breweries-ltd) ₹1,079 crore · Alcoholic Beverages

## What else do people ask about SPML Infra? ### What is SPML Infra's share price today? SPML Infra Ltd's share price is ₹135.71, −41.1% over the past year. The whole company is worth ₹1,149 Cr on the market. In the last 52 weeks it traded between ₹128 to ₹221; today it is 8% of the way up from the low, 26.1% below its 200-day average (as of 3 November 2026). ### What were SPML Infra's latest quarterly results? SPML Infra Ltd reported revenue of ₹284 Cr and net profit of ₹23.0 Cr for the Jun 2026 quarter. Revenue rose 82.1% and profit rose 91.7% compared with a year earlier. Earnings per share were ₹2.70. The operating margin was 9.0%, 4.4 percentage points higher than a year earlier (as of 3 November 2026). ### What is SPML Infra's market cap? SPML Infra Ltd's market capitalisation is ₹1,149 Cr at a share price of ₹135.71. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is SPML Infra performing? SPML Infra Ltd's share price has been falling for 13 weeks. In its latest quarter, revenue rose 82.1% and profit rose 91.7% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 23 weeks running (as of 3 November 2026). ### Will SPML Infra's share price go up? This page does not forecast SPML Infra Ltd's share price. What it shows instead: the share price is ₹135.71, and it has been falling for 13 weeks. Its P/E of 13.5× is higher than 36% of its own last 11 years (as of 3 November 2026). ### Who owns SPML Infra? Promoters own 40.5% of SPML Infra Ltd, foreign institutions 0.4%, domestic institutions 1.9% and the public 57.2% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 5.4 percentage points over 8 quarters (as of 3 November 2026). ### Does SPML Infra have too much debt? SPML Infra Ltd has a moderate amount of debt: its debt is 0.38× its equity, and its operating profit is 8 times its interest bill. FY26 borrowings were ₹358 Cr against equity of ₹949 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is SPML Infra in its business cycle? SPML Infra Ltd's FY26 operating margin was 8.0%, against a 13-year range of −1.1% to 11.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 9.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the SPML Infra story? The main question: profits are rising, but only −155% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is SPML Infra a stock worth studying right now? What the numbers show: SPML Infra Ltd's earnings have grown faster than its share price. Earnings per share grew +41.3% in a year while the price moved −41.1%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a SPML Infra share price forecast for 2026? What management itself guided: Revenue and profit growth above 25% over the next few years. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india

This is research, not advice. We’re not SEBI-registered.