Annual report
Annual Report 2026
Source: Nse
Spacenet Enterprises India Limited (SPCENET)
Small CapIT stocks · Small cap · NSE
Spacenet Enterprises India Limited operates in Telecom Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹3.34
+0.09 · +2.77%
Market cap ₹183 Cr
Data qualityFresh enough for analysisQuote updated 22 Oct, 05:50 pm ISTDetails
Quote22 Oct, 05:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:24 am IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
66BullishSMA20 -1.5% / mo · MACD + · near 52W low · sector +17.8pp vs Nifty 500 (3M)
Stock trend: 44
Sector RS: 100
Sector 3M: +12.2% vs Nifty 500 -5.6%
IT FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
SPCENETD candles · FIT view-17.9%Latest close ₹3.34 on 2026-10-22
Bar
-0.3%
RSI
54
MACD hist
0.01
52W pos
4%
2026-10-22O ₹3.35H ₹3.40L ₹3.21C ₹3.34Vol 18.3L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SPCENETNifty ITNifty 500
- SPCENET
- -7.2%
- Nifty 500
- -6.2%
- Nifty IT
- +12.5%
- Vs Nifty 500
- -1.0 pp
Chart stats
22 Oct 2026- From 52W high
- -70.3%
- 52W range position
- 4%
- ATR (14)
- 5.1%
- Volume vs 20D
- 3.49x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹3.1 - ₹3.6
₹11.2
₹3 - ₹11.2
₹0.2
Latest completed session
20-session average
30.3% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · FAIR VALUE53
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad27
Revenue -7.5% · PAT +250.0% YoY
Technical
Bullish66
Price trend and sector-relative-strength timing.
Valuation
Legacy model+69.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence67
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 27/100Rev -8% YoY · margin compression · PAT +250% YoY · +9% QoQ · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹49 Cr | -7.5% | +8.9% |
| EBITDA | ₹-1 Cr | -125.0% | -116.7% |
| Operating margin | -1.8% | -980 bps | -1580 bps |
| PAT | ₹14 Cr | +250.0% | +250.0% |
| PAT margin | 28.6% | +2102 bps | +1968 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.31
- P/B
- 1.03
- EV/EBITDA
- 12.24
- Market Cap
- 183.00Cr
Profitability
- ROE
- 9.80%
- ROCE
- 9.95%
- ROA
- 10.61%
- Dividend Y
- 0.31%
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- 9.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 81.00%
Balance Sheet
- Debt/Equity
- 0.14
- Interest Coverage
- 12.00×
- Altman Z
- 3.50
- Book Value
- 3.12
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- 23.00 Cr
- EPS TTM
- 0.45
Shareholding
- Promoter Hold
- 15.52%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 3%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 195+24.2% vs prev
Net Profit
₹ CrLatest: 16.0+33.3% vs prev
Return on Equity
%Latest: 9.0+13.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 54. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~1.5% over last month) — short-term momentum negative.
- RSI(14) at 54 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 70% off 52W high · 11% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
5
RS percentile
Stage 4 Downtrend
1M return
+2.5%
3M return
-11.9%
6M return
-25.3%
1Y return
-69.9%
RS 1D
+1
RS 20D
0
Sector rank
#7
Industry rank
#37
Stage evidence
- Price is 9.5% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -4.1%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 49.05+3.48%
RS vs Nifty 50049
Valuation & peers
U-Score 53 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 53 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation28/30
Growth15/25
Quality0/20
Balance Sheet9/15
Cash Flow3/10
Piotroski
7/9 (+5)
Penalties
-7
Raw sum
53
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
53/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 69.2%.
- Valuation contributes 28/30 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
Sector valuation model
Telecom valuation: EV/EBITDA against ARPU, debt, and capex
Telecom needs enterprise-value and cash-flow framing because leverage is structurally important.
Primary lens
EV/EBITDA and debt-adjusted cash generation.
Secondary checks
ARPU growth, subscriber quality, spectrum liabilities, capex intensity.
Main risk check
High EBITDA can still be weak equity value if debt and capex absorb cash.
PE
7.3
PB
1.0
EV/EBITDA
12.2
ROE
9.8%
ROCE
9.9%
FCF Yield
—
Debt/Equity
0.1
MoS
+69.2%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
53
Previous: 55 (-2)
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+69.2%
Previous: +70.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
55
55
55
55
55
55
55
55
55
55
55
55
Factor attribution
Valuation
28-2
was 30
Modelled fair value
Graham Number
₹5.62
+40.6% MoS
Growth-justified P/E
24.1
Growth-justified Value
₹10.85
+69.2% MoS
PEG
0.51
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ENSER
SME
Enser Communications Ltd.
IT Services / Digital
match 150
48
12.4
24.7%
+72%
FAIR VALUE
TAKE
Small
Take Solutions Limited
IT Services / Digital
match 131
43
30.2
16.5%
+59%
WATCHLIST
ASMS
Small
Bartronics India Limited
IT Services / Digital
match 131
40
28.0
19.0%
+12%
WATCHLIST
NOVAAGRI
Small
Nova Agritech Limited
IT Services / Digital
match 130
52
16.0
5.7%
+52%
FAIR VALUE
ISFT
Small
Intrasoft Technologies Limited
IT Services / Digital
match 130
50
11.9
5.4%
+50%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Spacenet Enterprises India Limited operates in Telecom Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
67Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 52nd percentile of the scored universe and 47th percentile within IT. Main check: cash conversion is weak at 55/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
52nd percentile
overall median 67 · IT: 47th pctile, median 69 · Small: 56th pctile, median 66
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
66
acceptable · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
69
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸3/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Promoter holding is only 15.5%.
- ▸OPM spread across recent quarters is 15.8%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Spacenet Enterprises India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Credit rating
Credit-rating report · Spacenet Enterprises India Limited has informed the Exchange about Credit Rating
Source: Nse
Annual report
Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.