On 6 Nov 2026, SEPC was priced at ₹5.08, or 39.1× trailing earnings, against an industry P/E of 16.4×, and the shares are 55% below their 52-week high. Sales grew 41% a year over 3 years; its ROCE of 4.7% is the lowest among the 7 largest Engineering & Construction peers. Debt is 0.18× equity. It is a small-cap company with a market cap of ₹987 Cr, ranked 63rd of 156 Engineering & Construction companies by market cap; the shares fell 54% over the past year.
- ₹5.10
- ₹5.11
- ₹4.98
- ₹5.10
- 42.5 L
Health check
- ReturnsBehind
−53.8% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 39.1 vs industry 16.4.
- GrowthStrong
Sales +40.7% a year over 3 years.
- ProfitabilityWeak
ROCE 4.7% vs peer median 19.9%.
- Balance sheetFair
Debt 0.18× equity, interest covered 2.5×, Piotroski 4 of 9.
- Red flags5 to check
Return on equity is low at 3.1%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹987 Cr
- Small cap
- P/E
- 39.1
- Industry 16.4
- Price to book
- 0.52
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- 3.1%
- Peers 17.9%
- ROCE
- 4.7%
- Peers 19.9%
- Debt to equity
- 0.18
- Debt ₹353 Cr
- EPS (TTM)
- ₹0.13
- Face value ₹10
- OPM (TTM)
- 5.9%
- Net margin 2.3%
- Sales growth
- +35.4%
- Latest quarter vs a year ago
- Profit growth
- −166.8%
- Latest quarter vs a year ago
- Price to sales
- 0.88
- EV/EBITDA 18.2
Strengths and risks
Strengths
- Quarterly sales up 35.4% on a year ago.
Risks to check
- Return on equity is low at 3.1%.
- Quarterly profit down 166.8% on a year ago.
- P/E of 39.1 against an industry P/E of 16.4.
- 55% below its 52-week high.
- Interest coverage of only 2.2×.
About SEPC
SEPC Limited provides integrated design, engineering, procurement, construction, and project management services in India. It offers turnkey contracting solutions, including design, engineering, and construction for ferrous and non-ferrous, cement, aluminum, copper and thermal power plants, water treatment and transmission, transportation, renewable energy, cooling towers, and material handling; water and sewage treatment plants, intake wells and pump…
- Headquarters
- Chennai
- Employees
- 212
- Sector
- Industrials
- ISIN
- INE964H01014
- Website
- shriramepc.com
Price range
- Avg volume (3M)
- 1.3 Cr
- 1-year return
- minus 53.8%
- From 52-week high
- minus 55.4%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| SEPCSEPC | 5.08 | minus 0.39% | 987 | 39.1 | 14.3 | 4.7% | 5.8% | 0.18 | 40.7% | minus 53.8% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 202 | 237 | 341 | 274 | 274 | |
| 174 | 227 | 312 | 264 | 257 | |
| 28.2 | 10.6 | 28.6 | 10.2 | 17.3 | |
| 14.0% | 4.5% | 8.4% | 3.7% | 6.3% | |
| 1.5 | 13.6 | 1.1 | 15.1 | 8.7 | |
| 9.5 | 11.9 | 10.2 | 9.1 | 11.5 | |
| 1.2 | 1.4 | 1.3 | 0.9 | 1.3 | |
| – | – | −0.7 | −0.4 | – | |
| 19 | 10.8 | 17.5 | 14.9 | 13.2 | |
| 13.1% | 23.2% | 14.3% | 7.6% | 183.9% | |
| 16.5 | 8.3 | 15 | 13.7 | −11.1 | |
| 0.11 | 0.04 | 0.08 | 0.07 | -0.06 |
Profit & loss
- Sales CAGR 3Y
- +40.7%
- ROE
- 3.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 379 | 561 | 598 | 1,054 | |
| – | +48.1% | +6.5% | +76.4% | |
| 435 | 488 | 526 | 963 | |
| −55.8 | 72.5 | 71.7 | 91.1 | |
| −14.7% | 12.9% | 12.0% | 8.6% | |
| 12.9 | 102 | 27.3 | 19.1 | |
| 60.4 | 44.4 | 44.8 | 40.8 | |
| 6.1 | 5.3 | 5.1 | 4.9 | |
| 135 | −102 | −13.9 | −2.3 | |
| 25.3 | 22.8 | 35.2 | 62.2 | |
| 119.4% | – | 29.4% | 13.9% | |
| −4.9 | 22.8 | 24.8 | 53.5 | |
| – | – | +9.0% | +115.5% | |
| -0.04 | 0.15 | 0.15 | 0.30 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,322 | 1,410 | 1,564 | 1,943 | |
| −235 | −200 | −57.6 | −24.4 | |
| 409 | 455 | 359 | 353 | |
| 506 | 544 | 522 | 820 | |
| 2,002 | 2,209 | 2,387 | 3,093 | |
| 36 | 30.7 | 25.8 | 22.2 | |
| 0.4 | 0.8 | 0.5 | 0.3 | |
| 26.1 | 28.4 | 16.8 | 40.7 | |
| 1,939 | 2,149 | 2,344 | 3,029 | |
| 2,002 | 2,209 | 2,387 | 3,093 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.9 | −121 | −133 | −263 | |
| 12.5 | −23.9 | 3.7 | −7 | |
| −6.1 | 130 | 118 | 289 | |
| 27.2 | −14.7 | −11 | 18.8 | |
| −0.1 | −0.1 | −0.1 | −0.8 | |
| 20.8 | −121 | −133 | −264 |
Shareholding pattern
- Promoters9.39%
- Public90.61%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 9.39% | 90.61% | minus 2.28 | |
| 30 Jun 2026 | 11.67% | 88.33% | minus 7.00 | |
| 31 Mar 2026 | 18.67% | 81.33% | minus 7.86 | |
| 31 Dec 2025 | 26.53% | 73.47% | minus 0.62 | |
| 12 Nov 2025 | 27.15% | 72.85% | – |
Major shareholders
Filings & events
News
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