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SPRAYENGINEERINGDEVICESUNLI· ISIN INE528I01015 Verified
Spray Engineering Devices Unlisted Shares logo

Spray Engineering Devices Unlisted Shares

₹84+0.00%

vs. prev. close ₹84

52W High

₹275

52W Low

₹84

Market cap

₹211 Cr

IPO stage

No DRHP filed

CIN

U00000CH2004PLC027625

Price History

52W High

₹275

52W Low

₹84

About Spray Engineering Devices Unlisted Shares

Check the s for of Spray Engineering Devices Limited. Buy or sell with ease with .

1) Established in 2004, initially focused on manufacturing spray nozzles, and has since evolved into a global leader in energy-efficient solutions. 2) Operates across diverse sectors, including sugar, bio-refinery, distillery, jaggery, biofuel, water, and bio-based green chemicals. 3) Operates in over 40 countries, providing expertise in processes such as evaporation, crystallization, and refining. 4) Specializes in integrated energy-saving equipment and solutions for the sugar and allied industries, recognized for enhancing operational efficiency and sustainability. 5) Engages in manufacturing, designing, process engineering, advisory, EPC, and R&D, employing 1,200 skilled professionals. Recognized by the Department of Scientific & Industrial Research (DSIR), Government of India. Business Verticals: Spray Engineering Devices Limited (SED) is a global leader in energy-efficient solutions for sugar and allied industries. Sugar, Biofuel, Bio-Refinery, Distillery, Jaggery, Biofuel, Water and Bio Based Green Chemicals. Innovative Technologies a) Low-Temperature Evaporation System SED has developed an efficient, eco-friendly low-temperature evaporation system designed for recycling wastewater into clean water. This system is utilised in over 100 plants globally, achieving significant reductions in steam consumption and power usage while promoting sustainable water use. b) Boiler-Free Jaggery Production Unit SED has also established a boiler-free jaggery production unit, capable of producing solid, semi-solid, powder, and cake jaggery. This technology ensures 100% bagasse saving, presenting a profitable and sustainable business proposition. R&D and Production Facilities R&D Unit: Granted in-house R&D unit status by the Government of India in 2007 Fabrication Units: Three modern fabrication and automation units located in Baddi, Himachal Pradesh, India. Enhanced Industry Efficiency SED's solutions have been successfully commissioned in over 500 sugar factories in India, achieving significant enhancements in industry efficiency: Steam Consumption: Reduced to 25-26% on cane Power Usage: Lowered to 22-24 kW/Ton Fresh Water Usage: Achieves zero fresh water usage in over 600 installations Eco-Friendly Wastewater Recycling In the past 5-6 years, SED has made significant strides in developing and implementing eco-friendly wastewater recycling systems. These systems are operational in over 100 plants worldwide, transforming wastewater into clean water and promoting environmental sustainability. Domestic Projects SED has been involved in various significant domestic projects in India, including: Sugar Projects: Bajaj Group, Dalmia Group, DSCL Group, Birla Group, Triveni Sugar Group, and more Water Projects: Dr. Reddy’s Lab, Sun Pharma, Cipla India, JK Cement, TATA Chemicals, Pidlite Industries, and more International Projects SED's international presence is marked by major projects with renowned companies in Dubai, South Africa, Nigeria, Kenya, Poland, Brazil, Indonesia and in the USA. ... Read more

Company Details

Min Lot Size

1

Face Value

₹10.00

Total Shares

25096423

Regulatory Information

Corporate Identity Number (CIN)

U00000CH2004PLC027625

PAN Number

AAICS5252M

ISIN

INE528I01015

Key Valuation Ratios

As of FY2025 Annual · updated 25 Sept 2026Derived

Valuation

Market Cap

₹210.81 Cr

P/E Ratio

14.05×

P/S Ratio

0.46×

P/B Ratio

1.03×

EV / EBITDA

5.26×

Returns & Per Share

ROE

7.31%

EPS

₹5.98

Book Value / Share

₹81.72

Solvency

Debt / Equity

—

Interest Coverage

2.83×

Company Fundamentals

As of FY2025 Annual · updated 25 Sept 2026

Gross Profit

₹159.00 Cr

EBITDA

₹40.10 Cr

Revenue Growth

-15.72%

Profit Margin

3.25%

Performance Trends

4 annual periods · derived from filed statements

As of FY2025 Annual · updated 25 Sept 2026

Revenue

₹ Cr

Net Profit

₹ Cr · losses in red

Earnings Per Share

₹ per share

Return on Equity

ROE %

Return on Capital Employed

ROCE %

EBITDA Margin

8.70%

Interest Coverage

2.83×

Financial Statements

As of FY2025 Annual · updated 25 Sept 2026
Disclosed reportedDerived calculated
Line itemFY2022FY2023FY2024FY2025
Total Income
Revenue from operationsDisclosed214₹ Crore392₹ Crore547₹ Crore461₹ Crore
Other incomeDisclosed1₹ Crore1₹ Crore1₹ Crore80₹ Lakh
Total IncomeDerived215₹ Crore393₹ Crore548₹ Crore461.8₹ Crore
Expenses
Cost of goods soldDisclosed147₹ Crore255₹ Crore341₹ Crore302₹ Crore
Changes in inventoriesDisclosed-6₹ Crore-7₹ Crore6₹ Crore-12₹ Crore
Employee benefits expenseDisclosed28₹ Crore39₹ Crore47₹ Crore54₹ Crore
Finance costsDisclosed5₹ Crore8₹ Crore10₹ Crore11.5₹ Crore
Depreciation and amortization expenseDisclosed2₹ Crore3₹ Crore5₹ Crore7.6₹ Crore
Other expensesDisclosed24₹ Crore51₹ Crore66₹ Crore77.7₹ Crore
Total ExpensesDerived200₹ Crore349₹ Crore475₹ Crore440.8₹ Crore
Profit
Profit before taxDerived15₹ Crore44₹ Crore73₹ Crore21₹ Crore
Tax expenseDisclosed0₹ Crore12₹ Crore21₹ Crore6₹ Crore
Profit After TaxDerived15₹ Crore32₹ Crore52₹ Crore15₹ Crore
Total Comprehensive IncomeDerived15₹ Crore32₹ Crore52₹ Crore15₹ Crore

Documents Library

Access all financial reports and filings

Annual Report

annual report 2024

2024
3.7 MB

annual report 2025

2025
0.6 MB

Income Statement

financial result 2022

2022
0.6 MB

financial result 2023

2023
0.7 MB

Document

ICRA s Credit Rating of Spray Engineering others I

0.6 MB

Private placement in Spray Engineering corporate a

1.0 MB

ICRA Rating of Spray Engineering others ICRA Ratin

0.5 MB

Shareholding Pattern

Mr. Vivek Verma

48.59%

Mr. Prateek Verma

21.69%

Others

18.47%

Klondike Investments Ltd

11.25%

V

Vivek Verma

MD

30+

LinkedIn
P

Prateek Verma

Director

20+

LinkedIn
M

Manoj Gupta

CFO

15+

LinkedIn

ICRA's Credit Rating of Spray Engineering others ICRA has reaffirmed Spray Engineering Devices Limited’s credit rating at [ICRA]BBB+ (Stable).

others
26/12/2025

ICRA's Credit Rating of Spray Engineering others ICRA has reaffirmed Spray Engineering Devices Limited’s credit rating at [ICRA]BBB+ (Stable).

ICRA Rating of Spray Engineering others ICRA Rating of Spray Engineering

others
26/03/2025

ICRA Rating of Spray Engineering others ICRA Rating of Spray Engineering

Private placement in Spray Engineering corporate_action Private Placement of ~25 Lac Shares at INR 287/Share

corporate action
16/05/2024

Private placement in Spray Engineering corporate_action Private Placement of ~25 Lac Shares at INR 287/Share

Express buy interest

No commitment — the desk will reach out

Current Price

₹84
+0.00%
Min lot: 1
Price/share₹84
Quantity100
Estimated Total₹8,400

Secure & Verified Transaction

Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.

Talk to a Specialist

Get expert guidance on this investment

52 Week Range
₹84
₹275

About Spray Engineering Devices Unlisted Shares unlisted shares

Indicative · updated daily

Spray Engineering Devices unlisted share price today

Spray Engineering Devices unlisted share price today is ₹84 as of 16 October 2026.

Spray Engineering Devices Unlisted Shares — frequently asked questions

What is the grey market price for Spray Engineering Devices?

No IPO is currently announced for Spray Engineering Devices, so no grey market exists; the price above reflects Priveq's own desk valuation.

Has Spray Engineering Devices filed for an IPO, and when might it list?

Spray Engineering Devices has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.

How does Spray Engineering Devices compare to its listed peers?

There is no closely comparable listed company for Spray Engineering Devices in India today.

Is Spray Engineering Devices on the SME or Mainboard IPO track?

Spray Engineering Devices has not filed a draft red herring prospectus, so no IPO track is set yet.

What is Spray Engineering Devices's CIN and registered office?

Spray Engineering Devices's Corporate Identity Number is U00000CH2004PLC027625.

What is Spray Engineering Devices's market capitalisation?

Spray Engineering Devices's market capitalisation is approximately ₹211 crore, based on its current unlisted share price.

Buying, selling and holding unlisted shares

Applies to every company on Priveq
How do I buy Spray Engineering Devices unlisted shares?

Priveq Investech Private Limited is the named counterparty on every transaction. To buy Spray Engineering Devices unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Spray Engineering Devices shares are transferred off-market straight to your demat account, with no pooling and no middlemen.

How do I sell Spray Engineering Devices unlisted shares?

Submit an Express Sell Interest for Spray Engineering Devices through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Spray Engineering Devices shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.

What is the minimum investment for Spray Engineering Devices unlisted shares?

Minimum investment varies by company and is shown as the Min Investment figure on this page. Spray Engineering Devices's minimum is ₹84.

Is there a maximum investment limit?

There's no fixed maximum investment limit for Spray Engineering Devices unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.

Is buying Spray Engineering Devices unlisted shares legal in India?

Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.

What is the lock-in period for Spray Engineering Devices unlisted shares?

Spray Engineering Devices has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.

What happens if Spray Engineering Devices's IPO is delayed or withdrawn?

If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.

How are capital gains on Spray Engineering Devices unlisted shares taxed?

If you sell unlisted shares, including Spray Engineering Devices, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Spray Engineering Devices lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.

Can NRIs invest in Spray Engineering Devices unlisted shares?

Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.

Does Priveq charge a platform fee on top of the share price?

No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.

How does Priveq determine the desk price for Spray Engineering Devices?

Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Spray Engineering Devices specifically, broader sentiment in the unlisted and pre-IPO market, how Spray Engineering Devices's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.

Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.

Is Priveq SEBI-registered? Does it give investment advice?

Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.

Am I eligible to invest through Priveq if I'm not an HNI?

Yes. Priveq isn't a stock exchange with membership restrictions, and investing isn't limited to HNIs. Depending on the company, entry points can start as low as ₹20,000, though the minimum for any specific company is shown as the Min Investment figure on its page.

What documents do I receive after buying unlisted shares?

You receive an email acknowledging and confirming your order, along with a deal note or invoice recording the transaction details.

What happens to my shares or money if a deal falls through?

Because Priveq is the direct counterparty on every transaction rather than just connecting a buyer and seller, this risk sits with Priveq, not with you. If a deal falls through after you've committed funds or shares, they remain safe, and Priveq guarantees a refund.

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