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Share price of this micro-cap stock hit a 5 percent upper circuit at Rs. 134.45 on BSE in the trading session of Wednesday, compared to its previous close of Rs. 128.05, after the company announced that the debt of Rs. 219 crore has been repaid. 

With a market capitalisation of Rs. 658.5 crores, the company has delivered multibagger returns of about 659.3 percent in the last one year and nearly 177.1 percent in the last six months. So far in 2024, it has given positive returns of around 45.7 percent. 

According to recent regulatory filings with the stock exchanges, SPML Infra Limited has repaid the sustainable debt amounting to Rs. 219 crore to National Asset Reconstruction Company Ltd. (NARCL) as per the Sanction Letter dated 14th March 2024 of India Debt Resolution Company Ltd (IDRCL), an exclusive resolution entity of NARCL. 

The majority of the debt mentioned above has been repaid from the inflow of money receipt from NTPC Limited under the Vivad se Viswas 11 (Contractual Disputes) scheme. 

IDRCL was appointed by NARCL to serve as an exclusive service agent for providing debt management and other resolution services on September 5, 2023. 

Under the Vivad se Viswas 11 (Contractual Disputes) scheme, SPML Infra entered into a Settlement Agreement with NTPC Limited on March 21st of this year, with the expectation of recovering a total of Rs. 240 crore. 

In terms of financials, the company’s revenue from operations grew by nearly 64.5 percent YoY from Rs. 153.28 crore in Q3 FY22-23 to Rs. 252.24 crore in Q3 FY23-24, accompanied by an increase in the net profit by 122.3 percent to Rs. 1.14 crore in Q3 FY23-24 from a loss of Rs. 5.1 crore in Q3 FY22-23. 

SPML Infra Limited is a leading infrastructure development company in India with a focus on sustainable development for smart cities and operates in the engineering, procurement, construction (EPC) segment. 

The company provides drinking water facilities, wastewater treatment, integrated sewerage network, better municipal waste management, power transmission & distribution and lighting up homes. 

Written by Shivani Singh

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