Spray Engineering Devices Ltd Unlisted Shares

Latest unlisted share price, company overview and trading process

Company Overview

Introduction to Spray Engineering Unlisted Share

Founded in 2004, Spray Engineering Devices Limited (SED) has grown into a globally recognized provider of energy-efficient industrial solutions. While the company began with a focus on spray nozzle manufacturing, it rapidly diversified into multiple sectors such as sugar, bio-refineries, distilleries, jaggery production, biofuels, water management, and bio-based green chemicals.

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With operations spanning more than 40 countries, SED is known for its innovative technologies that enhance energy efficiency, lower operating costs, and promote sustainability across industries. The company specializes in advanced processes like evaporation, crystallization, and refining, playing a transformative role particularly in the sugar and allied industries through its cutting-edge, eco-friendly solutions.

Business Segments

Sugar & Bio-Refinery
SED provides advanced solutions to improve energy and water efficiency in sugar plants and bio-refineries. Its low-temperature evaporation systems help reduce steam consumption, electricity usage, and water wastage, contributing to more sustainable operations.

Distillery & Jaggery
The company offers innovative technologies for jaggery production, including a boiler-free system that eliminates the need for conventional boilers. This approach ensures efficient utilization of bagasse and supports environmentally sustainable manufacturing.

Biofuel & Water Management
SED delivers modern solutions in biofuel production and water treatment. Its wastewater recycling technologies have been implemented in over 100 facilities worldwide, enabling the conversion of waste into reusable clean water while minimizing environmental impact.

Bio-Based Green Chemicals
The company is also focused on enabling the production of bio-based green chemicals, supporting industries in reducing their carbon footprint and adopting sustainable alternatives.

Financial Highlights
Consistent Revenue Growth
The company reported revenue of ₹547 crore in FY2024, compared to ₹392 crore in FY2023, reflecting strong demand for its solutions.
Improving Margins
Gross margins improved to 37.66% in FY2024, driven by better efficiency and increased contribution from high-value solutions.
Higher Profitability
EBITDA rose to ₹87 crore in FY2024 from ₹54 crore in FY2023, while PAT increased to ₹53 crore from ₹33 crore, indicating strong operational and bottom-line performance.
Growth in EPS
Earnings per share increased to ₹23.56 in FY2024 from ₹14.71 in FY2023, showcasing improved shareholder returns.
Strong ROE
The company delivered a return on equity of 43%, highlighting efficient use of capital and strong profitability.

Pros
Strong emphasis on innovation and sustainability
Presence across 40+ countries globally
Robust R&D capabilities supporting technological advancement

Cons
Debt-to-equity ratio of 0.61 indicates moderate financial risk
Dependence on sugar, biofuel, and water-related industries
Increasing competition in the energy-efficiency solutions space

Unlisted Share Details



SHAREHOLDING PATTERN 2025

Holding PatternsValue
 Mr Vivek Verma48.59%
Mr Prateek Verma21.69%
Klondike Investments Ltd11.25%
Others18.47%

Promoters or Management

NameDesignationExperience
Vivek VermaMD 30+
Prateek VermaDirector20+
Manoj GuptaCFO15+
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