| Quarterly Financials | Mar 2015 | Jun 2015 | Sept 2015 | Dec 2015 | Mar 2016 | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 62 | 1 | 2 | 8 | 0 | 4 | 9 | 7 | 7 | 4 | 3 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 3 | 2 | 1 | 2 | 8 |
| Expenses | 13 | 1 | 2 | 1 | 2 | 7 | 10 | 8 | 8 | 6 | 4 | 3 | 4 | 1 | 3 | 3 | 4 | 3 | 5 | 3 | 12 | 2 | 4 | 3 | 7 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 8 |
| EBITDA | 49 | 0 | 0 | 7 | -2 | -3 | -1 | -2 | -1 | -2 | -1 | 0 | -1 | 0 | -1 | 0 | -1 | 0 | 1 | 1 | -9 | 1 | -1 | 0 | -3 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | -1 | 0 | 0 |
| Operating Profit % | -42 % | -59 % | -68 % | 0 % | 0 % | -82 % | -13 % | -35 % | -30 % | -72 % | -62 % | -33 % | -114 % | -65 % | -57 % | -8 % | -66 % | -43 % | 8 % | 11 % | -341 % | 17 % | -40 % | 4 % | -102 % | 12 % | -8 % | 9 % | -2 % | 2 % | 5 % | -15 % | -198 % | -81 % | -1 % |
| Depreciation | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 47 | 0 | 0 | 7 | -2 | -4 | -3 | -4 | -3 | -4 | -2 | -2 | -2 | -1 | -2 | -1 | -2 | -1 | 1 | -0 | -10 | 0 | -2 | -0 | -4 | 0 | -0 | 0 | 1 | 0 | 0 | -0 | -1 | -0 | -0 |
| Tax | 6 | 0 | 0 | 1 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | -1 | 0 | -0 | 0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 41 | 0 | 0 | 6 | -2 | -4 | -2 | -4 | -3 | -3 | -2 | -2 | -2 | -1 | -2 | -1 | -2 | -1 | 0 | -0 | -10 | 0 | -2 | -0 | -4 | 0 | -0 | 0 | 1 | -0 | 0 | -0 | -1 | -0 | -0 |
| EPS in ₹ | 56.72 | 0.19 | 0.01 | 10.55 | -3.39 | -7.83 | -4.26 | -7.15 | -5.52 | -5.81 | -4.40 | -2.85 | -2.70 | -2.03 | -3.31 | -2.42 | -3.55 | -1.44 | 0.60 | -0.74 | -17.37 | 0.07 | -2.91 | -0.47 | -6.61 | 0.35 | -0.55 | 0.12 | 1.62 | -0.16 | 0.09 | -0.39 | -1.87 | -0.31 | -0.34 |
Span Divergent
Span Divergent
32.00
+1.43
(4.68%)
Q1 Quarterly Results are out. Check out the updated financials2 hours ago
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Key Fundamentals
Market Cap
17.48 Cr
EPS
-2.33
PE Ratio
-10.47
Dividend Yield
0.00 %
Industry
Healthcare 52 Week High
45.30
52 Week Low
19.01
PB Ratio
-5.49
Debt to Equity
0.00
Sector
Pharmaceuticals Actual
Company News
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Span Divergent Limited announced the resignation of two directors effective November 10, 2025. Dr. Pradipkumar Keshavlal Desai resigned from his position as Non-Executive and Non-Independent Director, citing advancing age as the reason. Mr. Nirav Dineshchandra Jogani resigned from his position as Independent Director due to other professional preoccupations and commitments that prevent him from devoting adequate time to company affairs. Dr. Desai is the father of Viral Desai, the company's Managing Director. The Board acknowledged both directors' contributions during their tenure with the company. Both resignations were effective from the close of business hours on November 10, 2025.
Span Divergent Limited Reports Mixed Financial Results for Quarter Ended September 20258 days ago
Span Divergent Limited submitted its unaudited financial results for the quarter and half year ended September 30, 2025. The company reported standalone revenue from operations of Rs 36.57 lakhs for the quarter, compared to Rs 36.45 lakhs in the previous quarter. Basic earnings per share stood at Rs 0.22 for the quarter. On a consolidated basis, the company showed segment-wise performance with cattle processing, tissue culture, and trading operations. The company's subsidiaries include Dryfruit Factory LLP, Aranya Agri Biotech LLP, Span Diagnostics LLP, Biospan Scientific LLP, and Biospan Contamination Control Solutions Pvt Ltd. The Board of Directors approved these results at their meeting held on November 10, 2025. The financial results were reviewed by Y.B. Desai and Associates, Chartered Accountants.
Span Divergent Limited's board approved the sale of its entire investment in subsidiary Span Diagnostics LLP to promoters Mr. Viral P Desai and Ms. Sujata V Desai for INR 99,000. The company holds a 99% stake worth INR 99,000 in the subsidiary LLP, which has been inoperative since inception and contributed zero income and net worth during the financial year 2024-2025. The transaction was approved by shareholders on September 26, 2024, and the sale agreement was entered into on November 10, 2025. The transaction is being conducted at arm's length price despite involving promoter group members.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,784.10 | #1 4,28,065.35 | 40.27 | #1 54,729.00 | 9.71 | #1 10,980 | 2.89 | 74.53 | |
6,454.00 | 1,71,333.42 | 69.17 | 9,712.00 | 18.67 | 2,191 | 35.10 | 46.81 | |
3,731.40 | 1,26,287.53 | 59.99 | 11,539.40 | 6.99 | 1,911 | 30.46 | 56.17 | |
1,526.80 | 1,23,327.89 | 22.52 | 28,409.50 | 7.12 | 5,291 | 3.71 | 47.29 | |
1,250.20 | 1,04,343.41 | #1 18.09 | 33,741.20 | 16.73 | 5,725 | -0.38 | 54.25 | |
930.20 | 93,599.89 | 18.57 | 23,511.00 | 18.55 | 4,615 | 34.60 | 33.90 | |
2,025.40 | 92,511.06 | 21.51 | 22,909.50 | 13.74 | 3,306 | #1 72.75 | 57.78 | |
2,223.10 | 91,760.34 | 51.75 | 12,744.20 | #1 20.90 | 2,007 | -21.05 | 29.21 | |
1,235.80 | 71,775.46 | 21.23 | 32,345.60 | 9.43 | 3,484 | 3.81 | 74.03 | |
5,724.00 | 68,439.01 | 28.33 | 13,458.30 | 3.70 | 2,216 | 10.98 | 64.07 |
Growth Rate
Revenue Growth
-29.37 %
Net Income Growth
-262.50 %
Cash Flow Change
-25.60 %
ROE
-239.77 %
ROCE
-119.00 %
EBITDA Margin (Avg.)
-74.63 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 66 | 51 | 65 | 63 | 49 | 40 | 34 | 28 | 26 | 24 | 23 |
| Fixed Assets | 2 | 2 | 8 | 26 | 23 | 20 | 18 | 15 | 13 | 11 | 10 |
| Current Assets | 54 | 38 | 37 | 36 | 25 | 18 | 16 | 12 | 12 | 12 | 12 |
| Capital Work in Progress | 0 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 42 | 32 | 28 | 26 | 16 | 10 | 9 | 4 | 4 | 5 | 6 |
| Other Assets | 22 | 17 | 18 | 12 | 10 | 9 | 8 | 9 | 9 | 9 | 7 |
| Total Liabilities | 66 | 51 | 65 | 63 | 49 | 40 | 34 | 28 | 26 | 24 | 23 |
| Current Liabilities | 4 | 0 | 9 | 18 | 19 | 15 | 14 | 23 | 28 | 27 | 28 |
| Non Current Liabilities | 0 | 0 | 7 | 9 | 8 | 11 | 13 | 8 | 6 | 5 | 4 |
| Total Equity | 62 | 50 | 49 | 36 | 22 | 13 | 7 | -3 | -8 | -8 | -9 |
| Reserve & Surplus | 54 | 45 | 43 | 31 | 20 | 12 | 7 | -3 | -8 | -7 | -8 |
| Share Capital | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 7 | -6 | 2 | -4 | 0 | -2 | 0 | -1 | 0 | 1 | -0 |
| Investing Activities | -12 | 13 | -6 | 1 | 10 | 6 | 2 | -2 | 1 | 0 | -1 |
| Operating Activities | 61 | -7 | -5 | -12 | -7 | -0 | -0 | 7 | 2 | 3 | 2 |
| Financing Activities | -42 | -12 | 13 | 7 | -3 | -7 | -1 | -6 | -2 | -2 | -1 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 64.13 % | 64.13 % | 64.13 % | 64.13 % | 64.14 % | 64.14 % | 64.06 % | 64.01 % | 64.01 % | 64.01 % | 64.01 % | 64.01 % | 64.01 % | 64.01 % | 64.01 % | 64.00 % | 64.00 % | 64.00 % | 64.00 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 16.79 % | 16.77 % | 16.83 % | 16.72 % | 16.78 % | 14.91 % | 14.98 % | 15.06 % | 15.07 % | 15.05 % | 15.02 % | 15.00 % | 14.94 % | 14.98 % | 14.97 % | 14.97 % | 14.97 % | 14.97 % | 14.97 % |
| Others | 19.08 % | 19.10 % | 19.04 % | 19.15 % | 19.08 % | 20.95 % | 20.95 % | 20.94 % | 20.92 % | 20.94 % | 20.97 % | 20.99 % | 21.05 % | 21.02 % | 21.02 % | 21.03 % | 21.03 % | 21.02 % | 21.03 % |
| No of Share Holders | 0 | 2,073 | 2,117 | 2,114 | 2,109 | 2,125 | 2,129 | 2,131 | 2,149 | 2,135 | 2,123 | 2,104 | 2,069 | 2,046 | 2,072 | 2,170 | 2,138 | 2,140 | 2,156 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 28 Sept 2023 |  Annual General Meeting | NA | 28 Sept 2023 | 17.00 | 12.90 |
| 26 Sept 2024 | Annual General Meeting | NA | 26 Sept 2024 | 17.60 | 20.39 |
| 28 Oct 2024 |  Quarterly Result Announcement | NA | 28 Oct 2024 | 33.61 | 30.52 |
| 07 Feb 2025 | Quarterly Result Announcement | NA | 07 Feb 2025 | 29.11 | 28.63 |
| 16 May 2025 | Quarterly Result Announcement | NA | 16 May 2025 | 23.00 | 24.14 |
| 13 Aug 2025 | Quarterly Result Announcement | NA | 13 Aug 2025 | 19.92 | 19.95 |
| 29 Sept 2025 | Annual General Meeting | NA | 29 Sept 2025 | 24.14 | 26.90 |
| 10 Nov 2025 | Quarterly Result Announcement | NA | 10 Nov 2025 | 25.36 | 21.76 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 days ago
8 days agoSpan Divergent Limited - Intimation Under Regulation 309 days ago
9 days agoSpan Divergent Limited - Intimation For Sell / Transfer Of The Entire Investment Of The Company Held In Span Diagnostics LLP9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Change in Directorate9 days ago
9 days agoSpan Divergent Limited - Revised Outcome Of Board Meeting Held On November 10 20259 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Cessation9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Cessation9 days ago
9 days agoSpan Divergent Limited - Results For The Quarter Ended On September 30 2025 (Both Standalone And Consolidated)9 days ago
9 days agoBoard Meeting Outcome for Span Divergent Limited - Outcome Of Board Meeting Held On November 10 20259 days ago
9 days agoUpdate on board meetingNov 06, 2025
Nov 06, 2025Board Meeting Intimation for Board Meeting Of Span Divergent Limited To Be Held On November 10 2025Nov 03, 2025
Nov 03, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Oct 09, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sSep 30, 2025
Sep 30, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 30, 2025
Sep 30, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 30, 2025
Sep 30, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 29, 2025
Sep 29, 2025Closure of Trading WindowSep 22, 2025
Sep 22, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 06, 2025
Sep 06, 2025Span Divergent Limited-Notice Of The 45Th Annual General Meeting Of The Company Scheduled To Be Held On Monday September 29 2025 At 11:30 A.M. (IST) Through Video Conferencing (VC) / Other Audio Visual Means (OAVM)Sep 05, 2025
Sep 05, 2025Reg. 34 (1) Annual Report.Sep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 30, 2025
Aug 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Span Divergent Limited - Integrated Financial Results For The First Quarter Ended June 30 2025Aug 13, 2025
Aug 13, 2025Board Meeting Outcome for Span Divergent Limited- Outcome Of Board Meeting Held On August 13 2025Aug 13, 2025
Aug 13, 2025Board Meeting Intimation for Board Meeting Of Span Divergent Limited To Be Held On August 13 2025Aug 05, 2025
Aug 05, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Jul 08, 2025Closure of Trading WindowJun 24, 2025
Jun 24, 2025Announcement Under Regulation 30 (LODR) Intimation For Resumption Of Manufacturing Operations Of Subsidiary LLPJun 16, 2025
Jun 16, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 26, 2025
May 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 17, 2025
May 17, 2025Span Divergent Limited - Intimation Of Book ClosureMay 16, 2025
May 16, 2025Announcement Under Regulation 30 Of SEBI LODR - Re-Appointment Of Internal AuditorMay 16, 2025
May 16, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sMay 16, 2025
May 16, 2025Announcement Under Regulation 30 Of SEBI LODR- Re-Appointment Of Secretarial AuditorMay 16, 2025
May 16, 2025Integrated Filing (Financial)May 16, 2025
May 16, 2025Board Meeting Outcome for Span Divergent Limited- Outcome Of Board Meeting Held On May 16 2025May 16, 2025
May 16, 2025Announcement Under Regulation 30 Of SEBI LODR - Strike-Off Of Desai Farmharvest LLP Subsidiary LLP Of The CompanyMay 14, 2025
May 14, 2025Board Meeting Intimation for Board Meeting Of Span Divergent Limited To Be Held On May 16 2025May 07, 2025
May 07, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 09, 2025
Apr 09, 2025Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2Apr 08, 2025
Apr 08, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 08, 2025
Apr 08, 2025Closure of Trading WindowMar 22, 2025
Mar 22, 2025Integrated Filing (Financial)Feb 08, 2025
Feb 08, 2025Board Meeting Outcome for Revised OutcomeFeb 08, 2025
Feb 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 08, 2025
Feb 08, 2025Span Divergent Limited -Revised Unaudited Financial Results For The Quarter And Nine Months Ended On December 31
2024Feb 07, 2025
Feb 07, 2025Span Divergent Limited-Unaudited Financial Results For The Quarter And Nine Months Ended On December 31 2024Feb 07, 2025
Feb 07, 2025Board Meeting Outcome for Span Divergent Limited- Outcome Of Board Meeting Held On February 07 2025Feb 07, 2025
Feb 07, 2025Board Meeting Intimation for Board Meeting Intimation For Meeting Of The Board Of Directors Of The Company Scheduled To Be Held On Friday February 07 2025Jan 30, 2025
Jan 30, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 08, 2025
Jan 08, 2025Technical Indicators
RSI(14)
Neutral 73.01
ATR(14)
Less Volatile 1.16
STOCH(9,6)
Overbought 96.98
STOCH RSI(14)
Overbought 100.00
MACD(12,26)
Bullish 0.64
ADX(14)
Strong Trend 25.83
UO(9)
Bearish 87.14
ROC(12)
Uptrend And Accelerating 23.65
WillR(14)
Overbought -0.87
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