SPML Infra Limited – Investor Presentation Summary
Key Operational Highlights
Executed and commissioned nearly 700 infrastructure projects across India over four decades.
New order wins in Q2 FY27 total ₹5,802.81 crore across water, irrigation, and power projects.
Key drivers include Jal Jeevan Mission, AMRUT 2.0, and BESS implementation projects.
Segment-wise Performance
Water EPC: Proven execution of 400+ MLD WTPs, 10,000+ km pipelines, and up to 20-year O&M.
Power & BESS: Strategic partnership with Energy Vault for utility-scale BESS deployment; 45+ year power & grid execution legacy.
Financial Highlights
Financial results for Q2 FY27 and half year ended September 30, 2026 are unaudited.
Specific revenue, EBITDA, PAT, EPS, and margin figures are not provided in the presentation.
Geographical Revenue Split
Project locations include Rajasthan (Bharatpur, Ajmer, Kota), Madhya Pradesh (Indore), Jharkhand, Tamil Nadu (Chennai), and Bihar (Baruni).
Domestic focus with all projects within India.
Balance Sheet Snapshot
Strengthening balance sheet highlighted but specific figures not provided.
Raised ₹819 crore in equity since 2022, with promoters contributing ~₹400 crore.
Rs. 860 crore credit facility enhancement by a leading PSU bank.
Surety Bond current drawl of ~Rs. 300 crore received from various insurance companies.
Capex & Cash Flow Health
Proceeds from fundraising to be deployed towards opportunities in Water, Power, and BESS sectors, along with CAPEX and working capital requirements.
Strategic & R&D Initiatives
Exclusive tech collaboration with Energy Vault for BESS with execution roadmap underway.
Focus on cash-rich states & funded projects with expected margins of 10-12% and execution speed of 3-4 years.
Industry Trends & Business Environment
Government budget allocations: Total Water Sector Outlay: ₹84,000+ crore; Total energy sector allocation: ₹1,09,029 crore.
Key schemes: Jal Jeevan Mission (₹67,670 crore), AMRUT 2.0 (₹8,000 crore), River interlinking & irrigation (₹5,226 crore), National Ganga Plan (₹3,100 crore).
Energy sector initiatives: ₹1,000 crore Viability Gap Funding for BESS, ₹1,775 crore for grid-connected solar projects, customs duty exemptions on BESS capital goods and solar inputs.
Management Commentary & Growth Outlook
Legacy portfolio structured on back-to-back basis with lower margin profiles; increasing share of new orders to improve blended margins.
Projects executed through escrow mechanism, resulting in lower working capital requirement.
Resolution of legacy debt: Balance repayable amount backed by Arbitration award of Rs. 655 crore; company expects ~40% of claims to convert into awards.
