Debut Plus

₹24.24

▲ +1.14 +4.94%

26 Oct 2026

BSE Listed

Span Divergent Limited (524727)

Volume: 50Avg Vol 1W: 281Avg Vol 1M: 1,06152W Range:₹20.52₹51.49
BSE www.spandivergent.com AI Report
Key Ratios
Checked just now
Market Cap₹18 Cr
Current Price₹24.24
Previous Close₹23.1
High / Low (52w)₹51.49 / ₹20.52
Volume50
Avg Vol (1W)281
Avg Vol (1M)1,061
Stock P/E—
Book Value₹20.46
Dividend Yield0%
ROE-16.83%
ROA-12.6%
Revenue (TTM)—
Revenue Growth—
Profit Margin-18.48%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0
P/B1.18
Debt / Equity1.29
50 DMA₹27.71
200 DMA₹28.29
Day change+4.94%
Price Chart
₹24.24▼ 6.34% · 1Y
₹49₹2124K
2025-10-28
2026-10-26

20-day avg volume: 1K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 64% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹3 Cr₹2 Cr₹1 Cr₹1 Cr₹8 Cr₹4 Cr₹5 Cr₹1 Cr
EBITDA₹0 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr₹-1 Cr
Net Profit₹0 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr₹-1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹10 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹19 Cr₹0 Cr
EBITDA₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-2 Cr₹0 Cr
Net Profit₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-3 Cr₹0 Cr
EPS-2.33—————-5.38—
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹49 Cr₹40 Cr₹34 Cr₹28 Cr₹26 Cr₹24 Cr₹23 Cr₹29 Cr
Total Liabilities₹27 Cr₹26 Cr₹27 Cr₹31 Cr₹34 Cr₹32 Cr₹32 Cr₹19 Cr
Equity₹22 Cr₹13 Cr₹7 Cr₹-3 Cr₹-8 Cr₹-8 Cr₹-9 Cr₹10 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-7 Cr₹0 Cr₹0 Cr₹7 Cr₹2 Cr₹3 Cr₹1 Cr₹-19 Cr
Investing₹10 Cr₹6 Cr₹2 Cr₹-2 Cr₹1 Cr₹0 Cr₹-1 Cr₹2 Cr
Financing₹-3 Cr₹-7 Cr₹-1 Cr₹-5 Cr₹-2 Cr₹-2 Cr₹-1 Cr₹4 Cr
Free Cash Flow₹-7 Cr₹0 Cr₹0 Cr₹7 Cr₹2 Cr₹3 Cr₹1 Cr₹-19 Cr
Shareholding
Promoter 48.13% Institutions 0% Public 51.87%
Efficiency & Working Capital
ROCE-11.1%
Interest Coverage-6.6
Dividend Payout—
Debtor Days33 d
Inventory Days37 d
Payable Days123 d
Cash Conversion Cycle-54 d
Working Capital Days69 d
Shareholding Details

As of 2026-09-30

Promoter48.1%
FII0%
DII0%
Institutions0%
Public51.9%
Promoter Pledge0%
No. of Shareholders2,070
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters64%64%64%64%64%64%64%64%64%48.1%48.1%48.1%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public36%36%36%36%36%36%36%36%36%51.9%51.9%51.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2,1042,0692,0462,0722,1702,1382,1402,1562,1082,0812,0622,070
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Pradipkumar Keshavlal DesaiShareholding of Promoter and Promoter Group32.2%23,35,806
Neev Nirav JoganiPublic Shareholding24.8%18,01,481
Viral Pradipkumar DesaiShareholding of Promoter and Promoter Group9.5%6,88,015
Bhartiben Natwerlal PatelPublic Shareholding7.9%5,75,333
Gita Sureshbhai DesaiShareholding of Promoter and Promoter Group1.6%1,14,540
Investor Education And Protection Fund (iepf)Public Shareholding1.6%1,12,297
Sanjay N Mehta HufPublic Shareholding1.5%1,09,500
Sujata V DesaiShareholding of Promoter and Promoter Group1.4%1,01,576
Luxmi Kant GuptaPublic Shareholding1.3%92,783
Udaybhai Dhirubhai DesaiShareholding of Promoter and Promoter Group1.2%89,000
Suresh D DesaiShareholding of Promoter and Promoter Group0.5%33,720
Tejal Vivek DesaiShareholding of Promoter and Promoter Group0.4%30,000
Udaybhai Dhirubhai Desai HufShareholding of Promoter and Promoter Group0.4%29,963
Pranav S DesaiShareholding of Promoter and Promoter Group0.4%28,040
Prashant Suresh DesaiShareholding of Promoter and Promoter Group0.4%26,040
Prakash Dhirubhai Desai HufShareholding of Promoter and Promoter Group0.3%19,000
Shital Sarvajna KaziShareholding of Promoter and Promoter Group0%0
Manjulaben Prakashchandra DesaiShareholding of Promoter and Promoter Group0%0
Pragati Kishor ShahShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
RAJENDRA NAVINCHANDRA CHOKHAWALAChairman & Independent Directo2025
Viral Pradipkumar DesaiED / MD / Promoter2025
Jigneshkumar R DesaiIndependent Non Exe. Director2025
Sanjay N MehtaNon-Exec & Non-Independent Dir2025
Shefali DesaiNon-Exec & Non-Independent Dir2025
Paras DesaExecutive Director / Whole Time Director / CFO2025
Urvi ShindeCompany Sec. & Compli. Officer2025
Dharmesh V DesaiDirector2025
Segments — Geography
RegionRevenueShare
In India₹59 Cr79.6%
Outside India₹15 Cr20.4%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹101577
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-11Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202653004058
202652004057
2026100001
Substantial Acquisitions (SAST)

2 disclosure(s)

Market20/09/2022 - 22/09/2022 · 26,922
Market20/09/2022 - 22/09/2022 · 31,010
Company Information
Incorporated1980
ChairmanRAJENDRA NAVINCHANDRA CHOKHAWALA
AuditorY B Desai & Associates
Investor Email[email protected]; [email protected]
🌐 www.spandivergent.com ↗

📍 9th Fl 902-904 Rajhans Bonista, Ghod Dod Road, Surat, Gujarat, 395007

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