Debut Plus

₹36.99

▼ -0.01 -0.03%

18 Jul 2026

BSE Listed

Span Divergent Limited (524727)

Volume: 103Avg Vol 1W: 1,025Avg Vol 1M: 2,26952W Range:₹19.01₹51.49
BSE www.spandivergent.com
Key Ratios
Checked 5h ago
Market Cap₹27 Cr
Current Price₹36.99
Previous Close₹37
High / Low (52w)₹51.49 / ₹19.01
Volume103
Avg Vol (1W)1,025
Avg Vol (1M)2,269
Stock P/E—
Book Value₹20.46
Dividend Yield0%
ROE-16.83%
ROA-9.07%
Revenue (TTM)—
Revenue Growth—
Profit Margin-12.78%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0
P/B1.81
Debt / Equity0
50 DMA₹36.51
200 DMA₹28.86
Day change-0.03%
Price Chart
₹36.99▲ 64.33% · 1Y
₹49₹1924K
2025-07-17
2026-07-17

20-day avg volume: 2K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 29% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹4 Cr₹3 Cr₹2 Cr₹1 Cr₹1 Cr₹8 Cr₹4 Cr₹5 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹18 Cr₹25 Cr₹12 Cr₹9 Cr₹15 Cr₹13 Cr₹14 Cr₹10 Cr
EBITDA₹-10 Cr₹-10 Cr₹-7 Cr₹-3 Cr₹0 Cr₹0 Cr₹1 Cr₹-1 Cr
Net Profit₹-12 Cr₹-12 Cr₹-8 Cr₹-6 Cr₹-10 Cr₹-5 Cr₹1 Cr₹-1 Cr
EPS-22.88-22.3-14.23-10.23-18.59-9.931.43-2.33
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹63 Cr₹49 Cr₹40 Cr₹34 Cr₹28 Cr₹26 Cr₹24 Cr₹23 Cr
Total Liabilities₹27 Cr₹27 Cr₹26 Cr₹27 Cr₹31 Cr₹34 Cr₹32 Cr₹32 Cr
Equity₹36 Cr₹22 Cr₹13 Cr₹7 Cr₹-3 Cr₹-8 Cr₹-8 Cr₹-9 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-6 Cr₹-7 Cr₹0 Cr₹0 Cr₹7 Cr₹2 Cr₹3 Cr₹1 Cr
Investing₹1 Cr₹10 Cr₹6 Cr₹2 Cr₹-2 Cr₹1 Cr₹0 Cr₹-1 Cr
Financing₹7 Cr₹-3 Cr₹-7 Cr₹-1 Cr₹-5 Cr₹-2 Cr₹-2 Cr₹-1 Cr
Free Cash Flow₹-6 Cr₹-7 Cr₹0 Cr₹0 Cr₹7 Cr₹2 Cr₹3 Cr₹1 Cr
Shareholding
Promoter 48.13% Institutions 0% Public 51.87%
Efficiency & Working Capital
ROCE-11.1%
Interest Coverage-1.6
Dividend Payout—
Debtor Days56 d
Inventory Days41 d
Payable Days141 d
Cash Conversion Cycle-44 d
Working Capital Days97 d
Shareholding Details

As of 2026-03-31

Promoter48.1%
FII0%
DII0%
Institutions0%
Public51.9%
Promoter Pledge0%
No. of Shareholders2,081
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters64%64%64%64%64%64%64%64%64%64%64%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%36%36%51.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2,1352,1232,1042,0692,0462,0722,1702,1382,1402,1562,1082,081
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
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
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%91,554
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
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Pradipkumar Keshavlal Desai00%2026-03-31
Viral Pradipkumar Desai00%2026-03-31
Gita Sureshbhai Desai00%2026-03-31
Sujata V Desai00%2026-03-31
Udaybhai Dhirubhai Desai00%2026-03-31
Suresh D Desai00%2026-03-31
Pranav S Desai00%2026-03-31
Prashant Suresh Desai00%2026-03-31
Udaybhai Dhirubhai Desai Huf00%2026-03-31
Prakash Dhirubhai Desai Huf00%2026-03-31
Shital Sarvajna Kazi00%2026-03-31
Manjulaben Prakashchandra Desai00%2026-03-31
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
2025₹101555
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20258003013
2025000102
2025700209
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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