This Multibagger Small Cap Stock Hits 5 Per cent Upper Circuit on Thursday; Company Secures 30-40+ GWh Energy Storage Deal
The company's 1-year return stands at 30.81 per cent, while the 3-year return is 177.78 per cent.
SPML Infra Limited, a leading infrastructure development company in India, has entered into an exclusive agreement with Energy Vault, a US-based pioneer in sustainable energy storage solutions. The aim of this collaboration is to expedite the manufacturing and deployment of Energy Storage Systems in India through a technology transfer to SPML. By adopting Energy Vault's advanced B-VAULT Battery Energy Storage System (BESS) technology and VaultOS EMS software, SPML intends to enhance India's energy infrastructure, improve grid stability, and support the integration of renewable energy. The agreement targets a minimum deployment of 500 MWh over the next 12 months and aims to manufacture 30-40+ GWh of BESS over the next decade.
This partnership is expected to leverage SPML's market expertise and localised manufacturing to deliver competitive solutions in India's burgeoning energy storage market. Mr. Subhash Sethi, Chairman of SPML Infra Limited, stated, 'India is at the cusp of a major energy transformation, and the demand for efficient, large-scale energy storage solutions has been rising at an incredible pace.' This collaboration aligns with India's ambitious energy goals and the government's mandate for battery storage in renewable projects, positioning SPML as a pivotal player in the country's energy storage sector.
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Established in 1981, SPML Infra Ltd is a premier infrastructure development company in India with a diverse portfolio of over 650 projects. The company specialises in water treatment, power transmission, waste management, and civil infrastructure, serving various government departments across multiple states. In FY23, SPML's revenue primarily came from construction and EPC contracts, accounting for 95 per cent of its total revenue. The company also undertook a preferential issue, converting unsecured loans and preferential shares into equity, and entered a One Time Settlement with IFCI Ltd, releasing all securities held by IFCI. Despite its achievements, SPML faces elevated debts, with a total debt of Rs 1,755 crore, which is twice its FY23 sales. The company's strategic focus on infrastructure development and its extensive experience position it as a significant player in India's infrastructure sector.
On April 2, 2025, the current stock price of SPML Infra Limited was Rs 167.5 and it locked in a 5 per cent upper circuit. The 52-Week High is Rs 296.25, and the 52-Week Low is Rs 112.9. SPML Infra Limited has a market capitalisation of Rs 1,198 crore. The company's 1-year return stands at 30.81 per cent, while the 3-year return is 177.78 per cent. The Price-Earnings (PE) Ratio is 35.94. Major public shareholders include Tusk Investments Limited with 3.99 per cent, Delhi Waste Management Ltd with 2.65 per cent, Anil Kumar Sethi with 2.48 per cent, SPML Industries Ltd with 2.13 per cent, and International Constructions Limited with 1.23 per cent.
Investors should keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.