Home/Unlisted Shares/Spray Engineering Devices

Spray Engineering Devices

Industry Process EngineeringSector IndustrialsISIN INE528I01015

52W HIGH

Rs 372.75

52W LOW

Rs 134.4

1Y RETURN

+0.0%

About the Company

Spray Engineering Devices (SED) provides process and energy-efficiency solutions, particularly for the sugar and agro-industries. The company designs and supplies equipment such as falling-film evaporators, juice heaters, condensers, crystallization systems and water-saving technologies. SED focuses on reducing steam and power consumption, improving condensate recovery and minimizing losses in production. It offers engineering, manufacturing, project execution and lifecycle services, supporting clients in modernizing plants and meeting sustainability targets.

Quick Facts

SectorIndustrials
IndustryProcess Engineering
ISININE528I01015
Face ValueRs 10
Lot Size500 shares
IPO StatusUnlisted
52W RangeRs 134.4 to Rs 372.75
Indicative PriceAvailable
Rs 134.4

As of 7 Jul 2026

Quantity

Minimum investment Rs 1,00,000 (745 shares).

Estimated TotalRs 1,00,128
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FUNDAMENTALS

Key Indicators

A snapshot of Spray Engineering Devices's valuation multiples and capital efficiency at a glance.

CURRENT SHARE PRICE

Rs 134.4

FACE VALUE / SHARE

Rs 10

BOOK VALUE / SHARE

Rs 85.71

PRICE TO EARNING (PE)

21.40

PRICE / BOOK

1.49

MARKET CAP

337.3 Cr

DEBT TO EQUITY

0.39

RETURN ON EQUITY

7.31%

52 WEEK HIGH

Rs 372.75

52 WEEK LOW

Rs 134.4

FINANCIALS

Fundamentals & Financial Statements

Price / Share

₹128

P/E Ratio

21.40

P/B Ratio

1.49

Debt to Equity

0.39

Book Value

₹85.71

Face Value

₹10

Lot Size500 shares
Total Shares2,50,96,423
DepositoryNSDL & CDSL
ISININE528I01015
CINU00000CH2004PLC027625
PANAAICS5252M
Registrar (RTA)Link Intime
Figures in Rs Crore unless stated
Particulars2022202320242025
Revenue214392547461
Cost of Material Consumed147255341302
Change in Inventory-6-76-12
Gross Margins34.11%36.73%36.56%37.09%
Employee Benefit Expenses28394754
Other Expenses24516678
EBITDA21548739
OPM9.81%13.78%15.9%8.46%
Other Income1110.8
Finance Cost581011.5
Depreciation & Amortisation2357.6
EBIT19518231.4
EBIT Margins8.88%13.01%14.99%6.81%
Profit Before Tax15457421
PBT Margins7.01%11.48%13.53%4.56%
Tax012216
Profit After Tax15335315
Net Profit Margin7.01%8.42%9.69%3.25%
EPS₹6.69₹14.71₹23.56₹5.98

PROCESS

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01

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02

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03

Complete KYC

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04

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OWNERSHIP

Shareholding Pattern

Promoters & Promoter Group55%
Institutional Investors (FII / DII)18%
Public & HNIs20%
Others / ESOP7%

Indicative ownership structure. Exact filed breakup confirmed at dealing.

BENCHMARK

Peer Comparison

CompanyPriceP/EP/BROEMkt Cap
Spray Engineering DevicesRs 134.421.401.497.31%337.3 Cr
San Engineering and Locomotive Company LimitedRs 8677.421.2517.44%385.82 Cr
Inkel LimitedRs 23.115.561.5210.18%410.75 Cr
Himalayan Heli ServicesRs 193.254.605.229.59%214.55 Cr
NCL Buildtek Limited (Previously NCL Alltek & Seccolor Limited)Rs 180.6235.620.840.37%208.95 Cr

Peers are live Industrials companies from our catalogue - each figure is that company’s own.

CORPORATE CALENDAR

Events & Announcements

Apr – MayQ4 & full-year (FY) audited results
May – JulDIVIDENDFinal dividend consideration & record date
Jul – SepAnnual General Meeting
Jul – AugQ1 (Jun quarter) results
Oct – NovQ2 & half-year results
Jan – FebQ3 (Dec quarter) results
As announcedBonus / split / rights, if any

Typical annual calendar. Exact dates updated as the company announces them.

LEADERSHIP

Management Team

Standard governance structure. Named directors added as verified. Tap any role to see what they do and why it matters for investors.

REPORTS

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Spray Engineering Devices Financial Report

Fundamentals, financial statements and key ratios in one PDF

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QUESTIONS

Frequently Asked Questions

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CORPORATE

Company Details

#

ISIN

INE528I01015

C

CIN

U00000CH2004PLC027625

P

PAN

AAICS5252M

R

REGISTRAR (RTA)

Link Intime

D

DEPOSITORY

NSDL & CDSL

Y

INCORPORATED

Nov 2004

O

OUTSTANDING SHARES

2,50,96,423

A

REGISTERED OFFICE

Plot No. 27, Industrial Area, Phase-2, Chandigarh CH 160002, India

S

SECTOR

Industrials

I

INDUSTRY

Process Engineering

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Disclaimer: Prices shown are indicative and for reference purposes only. Unlisted shares carry higher risk than listed equities. Past performance is not indicative of future results. Financial statements, where shown, are compiled from company filings (MCA / RTA) and may be restated in subsequent filings. Neoma Capital does not provide investment advice. Please consult a qualified financial advisor. Transactions subject to KYC verification and SEBI regulations.

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