In ₹ Crore except Per Share Latest Annual	SPCENET FY26	ARVEE FY26	NITIRAJ FY23	ASPINWALL FY26	Peer Average
Valuation — at last close
P/E	—	79.48×	—	◆ 13.45×	46.46×
P/B	1.04×	5.94×	◆ 0.29×	0.88×	2.37× -56%
EV/EBITDA	12.35×	62.04×	◆ 5.96×	13.60×	27.20× -55%
Market Cap	₹184 Cr	₹201 Cr	₹19.5 Cr	₹177 Cr	₹132 Cr +39%
Growth
Revenue CAGR 3Y	10.44%	-20.40%	—	◆ 12.30%	-4.05% +358%
Revenue CAGR 5Y	◆ 229.35%	-7.83%	—	10.54%	1.35% +16826%
Net Income CAGR 3Y	◆ 84.39%	-15.04%	—	-22.75%	-18.89% +547%
Revenue YoY (latest Q)	-8.45%	◆ 130.28%	-16.30%	25.76%	46.58% -118%
Net Income YoY (latest Q)	258.35%	◆ 901.89%	99.95%	78.59%	360.14% -28%
Profitability
EBITDA Margin	8.75%	◆ 10.15%	7.68%	4.22%	7.35% +19%
Net Income Margin	◆ 8.45%	8.02%	-0.50%	3.15%	3.56% +138%
Return on Common Equity	◆ 9.80%	7.77%	-0.34%	6.69%	4.71% +108%
Return on Capital Employed	◆ 7.34%	5.73%	-0.21%	5.87%	3.80% +93%
Return on Assets	◆ 7.50%	6.21%	-0.29%	4.08%	3.33% +125%
Credit & Quality
Total Debt/Equity	0.14×	◆ 0.03×	0.04×	0.38×	0.15× -7%
Interest Coverage	◆ 26.31×	8.45×	-0.45×	1.75×	3.25× +710%
Scale — latest FY
Revenue / Total Income	₹195 Cr	₹31.5 Cr	₹46.1 Cr	₹417 Cr	₹165 Cr +18%
Net Income	₹16.4 Cr	₹2.5 Cr	−₹0.2 Cr	₹13.2 Cr	₹5.2 Cr +219%
Total Assets	₹245 Cr	₹43.3 Cr	₹79.8 Cr	₹333 Cr	₹152 Cr +61%
EPS	—	₹2.29	₹-0.22	₹16.83	₹6.3
Book Value per Share	₹3.12	₹30.66	₹659.25	₹256.91	₹315.61 -99%

◆ best value in the comp set per metric · Δ = subject vs average of the other companies.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.