SPML Infra has a relatively high public shareholding with around 62% equity owned by public shareholders, while promoters hold the remaining 38%. The company has drawn investor interest in recent months amid a broader revival in select infrastructure and water management plays.
SPML Infra is an infrastructure development company with over four decades of expertise in the power, water, environment and technology sectors. With presence across India, SPML has undertaken more than 700 projects by constructing critical infrastructure including drinking water facilities, wastewater treatment, integrated sewerage networks, municipal waste management, power transmission and distribution, substations, rural electrification and smart city solutions.
The company SPML has also contributed to providing clean drinking water to more than 50 million people in urban and rural areas. Its order book is diversified across urban and rural projects, providing some revenue visibility.
Like many EPC players, SPML Infra’s performance has historically been tied to execution efficiency, working capital management and timely payments from government authorities. Investors typically closely track debt levels, cash flow and order inflows for such companies.
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Vijay Kedia is known for investing in mid- and smallcap companies with long-term growth potential, often backing businesses that he believes can benefit from structural themes over time. His entry into SPML Infra through a wholesale deal is likely to keep the stock on investors’ radar in the near term.
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