Sparc Electrex Ltd (SPAR) Share Price & Fundamentals

What we do

Sparc Electrex Ltd develops and manufactures electronic solutions, recently shifting to power tools, electricals, and metal products manufacturing and trading.

Founded in

1,989

Market share

Operates in niche segments with ongoing growth efforts; facing intense competition impacting recent revenue.

Problem solved

Provides electronic security and embedded system solutions, now expanding to manufacturing power tools and electrical products to meet market demand.

Top clients or who we serve

Serves industries including banking, finance, automobile, petrochemicals, and general consumers through B2B and B2C channels.

Key management

Mr. Shobith Ganesh Hegde (Managing Director & CFO) leads the company with a focus on strategic growth and operations.

Our journey and innovations

Founded in 1989; transitioned from software/hardware security to manufacturing electrical tools; introduced 9 new products under Hyundai licensed brand.

Where we operate

Primarily operates in India with products serving multiple industrial sectors.

Top products or what we offer

Electronic security systems, vehicle tracking, biometric devices; recently power tools and electrical products.

Top brands

New product launches under exclusive Hyundai trademark licensing agreement.

Raw materials needed

Raw materials include metals and components for electrical and power tools manufacturing.

Raw materials supplier

Supplied by various industrial suppliers; details not specified.

Recurring vs cyclical contribution

Revenue is primarily cyclical tied to manufacturing and trading activity.

Our industry position

Emerging player in manufacturing of electrical tools and trading; competitive with growth focus.

Financial highlights

FY 2024-25 revenue ₹3.66 crores with net loss ₹1.52 crores; lower than previous year due to market competition.

Geographical revenue split

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Order book

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Whats driving growth

Product innovation, strategic partnerships, expanding product portfolio in electrical and power tools sectors.

Our future plans

Enhance brand presence, optimize product mix, and manage costs for improved profitability.

Our green promise

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Our people and values

Adopts corporate governance, compliance, and ethical business practices with a dedicated leadership team.

Key challenges ahead

Intense market competition and product mix mismatches impacting sales and profitability.

Interesting facts

Company rebranded in 2022; executed exclusive Hyundai trademark license agreement in 2023, recently terminated.

Risks and strategy

Market competition risk mitigated by product diversification, strategic marketing, and cost management.