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Recent events
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News
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Corporate Actions
India's Spacenet Enterprises soars on 16 bln rupee JV
** Shares of Spacenet Enterprises SACE.NS up 11.3% to 30.6 rupees, on track to log best one-day gain since early-Jan
** IT services co said it will enter into a 16 bln rupees ($191 mln) JV with Russian firm Modern Fuel Technologies
** JV for liquefied natural gas projects across India
** Stock eyes busiest trading session ever, over 13 mln shares traded
** Session's gains trim YTD losses to 1.4%
($1 = 83.7210 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Spacenet Enterprises SACE.NS up 11.3% to 30.6 rupees, on track to log best one-day gain since early-Jan
** IT services co said it will enter into a 16 bln rupees ($191 mln) JV with Russian firm Modern Fuel Technologies
** JV for liquefied natural gas projects across India
** Stock eyes busiest trading session ever, over 13 mln shares traded
** Session's gains trim YTD losses to 1.4%
($1 = 83.7210 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Spacenet Enterprises India Approved Scheme Of Arrangement Of Co, Winteg People Solutions And Pathbinder Enterprise Solutions
Dec 20 (Reuters) - Spacenet Enterprises India Ltd SACE.NS:
APPROVED COMPOSITE SCHEME OF ARRANGEMENT OF CO, WINTEG PEOPLE SOLUTIONS AND PATHΒINDER ENTERPRISE SOLUTIONS
DEMERGER OF SOFTWARE BUSINESS UNDERTAKING CARRIED ON BY CO THROUGH ITSELF INTO WINTEG PEOPLE SOLUTIONS
AMALGAMATION OF PATHΒINDER ENTERPRISE SOLUTIONS WITH WINTEG PEOPLE SOLUTIONS
Further company coverage: SACE.NS
(([email protected];))
Dec 20 (Reuters) - Spacenet Enterprises India Ltd SACE.NS:
APPROVED COMPOSITE SCHEME OF ARRANGEMENT OF CO, WINTEG PEOPLE SOLUTIONS AND PATHΒINDER ENTERPRISE SOLUTIONS
DEMERGER OF SOFTWARE BUSINESS UNDERTAKING CARRIED ON BY CO THROUGH ITSELF INTO WINTEG PEOPLE SOLUTIONS
AMALGAMATION OF PATHΒINDER ENTERPRISE SOLUTIONS WITH WINTEG PEOPLE SOLUTIONS
Further company coverage: SACE.NS
(([email protected];))
Spacenet Enterprises India Acquired Shares Of String Metaverse For 100 Million Rupees
Nov 17 (Reuters) - Spacenet Enterprises India Ltd SACE.NS:
ACQUIRED SHARES OF STRING METAVERSE FOR 100 MILLION RUPEES
Source text for Eikon: ID:nNSE4n6484
Further company coverage: SACE.NS
(([email protected];))
Nov 17 (Reuters) - Spacenet Enterprises India Ltd SACE.NS:
ACQUIRED SHARES OF STRING METAVERSE FOR 100 MILLION RUPEES
Source text for Eikon: ID:nNSE4n6484
Further company coverage: SACE.NS
(([email protected];))
Spacenet Enterprises India Signs MoU With Pathfinder Enterprise Solutions
July 6 (Reuters) - Spacenet Enterprises India Ltd SACE.NS:
SIGNED A MEMORANDUM OF UNDERSTANDING WITH PATHFINDER ENTERPRISE SOLUTIONS
FOCUS OF AGREEMENT IS INTEGRATION OF PATHFINDER'S PROPRIETARY GENERATIVE AI PLATFORM
Source text for Eikon: ID:nNSE5sxjgy
Further company coverage: SACE.NS
(([email protected];;))
July 6 (Reuters) - Spacenet Enterprises India Ltd SACE.NS:
SIGNED A MEMORANDUM OF UNDERSTANDING WITH PATHFINDER ENTERPRISE SOLUTIONS
FOCUS OF AGREEMENT IS INTEGRATION OF PATHFINDER'S PROPRIETARY GENERATIVE AI PLATFORM
Source text for Eikon: ID:nNSE5sxjgy
Further company coverage: SACE.NS
(([email protected];;))
Spacenet Enterprises India Says Discussed Demerger Of Software Business Undertaking
July 5 (Reuters) - Spacenet Enterprises India Ltd SACE.NS:
DISCUSSED DEMERGER OF SOFTWARE BUSINESS UNDERTAKING OF CO, VESTING OF SAME INTO WITH M/S. WINTEG PEOPLE SOLUTIONS
Source text for Eikon: ID:nNSEbgV65v
Further company coverage: SACE.NS
(([email protected];;))
July 5 (Reuters) - Spacenet Enterprises India Ltd SACE.NS:
DISCUSSED DEMERGER OF SOFTWARE BUSINESS UNDERTAKING OF CO, VESTING OF SAME INTO WITH M/S. WINTEG PEOPLE SOLUTIONS
Source text for Eikon: ID:nNSEbgV65v
Further company coverage: SACE.NS
(([email protected];;))
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Popular questions
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Business
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Financials
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Share Price
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Shareholdings
What does Spacenet Enterprises do?
Spacenet Enterprises India Ltd. is a FoodTech Company working with global partners to provide fresh products to the Indian market. It is also collaborating with early stage Hemp/CBD companies and developing Cannabis 2.0 products for Ayurvedic medicinal usage.
Who are the competitors of Spacenet Enterprises?
Spacenet Enterprises major competitors are Uday Jewellery, Parshva Enterprises, Veeram Securities, Nanavati Ventures, Eighty Jewellers, Gautam Gems, Veerkrupa Jewellers. Market Cap of Spacenet Enterprises is ₹511 Crs. While the median market cap of its peers are ₹46 Crs.
Is Spacenet Enterprises financially stable compared to its competitors?
Spacenet Enterprises seems to be less financially stable compared to its competitors. Altman Z score of Spacenet Enterprises is 16.59 and is ranked 4 out of its 8 competitors.
Does Spacenet Enterprises pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Spacenet Enterprises latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Spacenet Enterprises allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Spacenet Enterprises balance sheet?
Balance sheet of Spacenet Enterprises is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Spacenet Enterprises improving?
The profit is oscillating. The profit of Spacenet Enterprises is ₹9.01 Crs for TTM, ₹10.44 Crs for Mar 2024 and ₹2.69 Crs for Mar 2023.
Is the debt of Spacenet Enterprises increasing or decreasing?
Yes, The debt of Spacenet Enterprises is increasing. Latest debt of Spacenet Enterprises is -₹8.77 Crs as of Sep-24. This is greater than Mar-24 when it was -₹11.37 Crs.
Is Spacenet Enterprises stock expensive?
Spacenet Enterprises is not expensive. Latest PE of Spacenet Enterprises is 56.67, while 3 year average PE is 119. Also latest EV/EBITDA of Spacenet Enterprises is 46.75 while 3yr average is 247.
Has the share price of Spacenet Enterprises grown faster than its competition?
Spacenet Enterprises has given lower returns compared to its competitors. Spacenet Enterprises has grown at ~-25.94% over the last 2yrs while peers have grown at a median rate of -2.29%
Is the promoter bullish about Spacenet Enterprises?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Spacenet Enterprises is 15.6% and last quarter promoter holding is 15.61%
Are mutual funds buying/selling Spacenet Enterprises?
There is Insufficient data to gauge this.