Spen.Ns
Spen Industries operates in the retail sector, focusing on consumer goods distribution and specialty retailing, primarily in India.
Business. Spen Industries operates in the retail sector, focusing on consumer goods distribution and specialty retailing, primarily in India.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Synthesis
Spen Industries operates in the retail sector, focusing on consumer goods distribution and specialty retailing, primarily in India.
Spen Industries has a highly leveraged capital structure, with total liabilities of INR 19,711.24 crore and total equity of INR -6,616.06 crore, resulting in a debt-to-equity ratio of -2.38. The company's liquidity position is weak, with a current ratio of 0.26 and only INR 41.43 crore in cash and equivalents. Despite a positive operating cash flow of INR 374.14 crore, the company's free cash flow is negative at INR -1,258.01 crore, indicating significant cash outflows for capital expenditures and debt servicing.
Profitability metrics show a deteriorating performance, with a net loss of INR -2,463.62 crore and an operating loss of INR -1,858.24 crore. The return on equity is 37.24%, but this is misleading due to the negative equity base. The return on assets is -18.81%, which is significantly below the industry median for specialty retailers, indicating poor asset utilization and operational efficiency.
The company's revenue is concentrated in a single geographic market, India, with no disclosed international operations. This lack of diversification increases exposure to local economic and regulatory risks. There are no disclosed revenue segments, making it difficult to assess the contribution of different product lines or customer bases to overall performance.
Growth trajectory is negative, with a net loss in the latest reporting period and no disclosed revenue growth in the prior periods. The outlook for the current fiscal year is uncertain, with no clear direction provided in the available data. The company's capital expenditures of INR -219.98 crore suggest ongoing investment, but the negative free cash flow indicates that these investments are not yet generating sufficient returns.
The risk assessment highlights significant liquidity and solvency concerns, with a medium liquidity risk and a negative net cash position after subtracting total debt. The dilution risk is currently low, but the company's negative equity and high debt levels could lead to future dilution through equity issuance or debt restructuring. No recent events or filings have been disclosed that would provide additional insight into the company's strategic direction or operational changes.
- Spen Industries has a highly leveraged capital structure with a debt-to-equity ratio of -2.38, indicating significant financial risk.
- The company reported a net loss of INR -2,463.62 crore and an operating loss of INR -1,858.24 crore, reflecting poor profitability.
- Spen Industries has a weak liquidity position with a current ratio of 0.26 and only INR 41.43 crore in cash and equivalents.
- The company's return on assets is -18.81%, significantly below the industry median, indicating poor asset utilization.
- Revenue is concentrated in a single geographic market, India, increasing exposure to local economic and regulatory risks.
- The company's growth trajectory is negative, with no clear direction provided in the available data.
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- Net cash is negative after subtracting total debt.
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- SPEN.NS Market data — financials · 2026-05-29