SP Refractories (NSE:SPRL) Research & Development: ₹0.0 Mil (TTM As of Mar. 2026)


NSE:SPRL SP Refractories Ltd NSE:SPRL
68 GF Score
Price ₹110.75
GF Value ₹140.51
Valuation Modestly Undervalued
! 2 Warning Signs
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What is SP Refractories Research & Development?

SP Refractories NSE:SPRL +4.88% 68 Research & Development is ₹0.0 Mil as of Mar. 2026. GuruFocus rates NSE:SPRL with a GF Score™ of 68/100 and a GF Value™ of ₹140.51 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. SP Refractories's Research & Development for the six months ended in Mar. 2026 was ₹0.0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0.0 Mil.

SP Refractories  (NSE:SPRL) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

SP Refractories Research & Development Related Terms

SP Refractories Research & Development Historical Data

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The historical data trend for SP Refractories's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SP Refractories Research & Development Chart

SP Refractories Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Research & Development
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

SP Refractories Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
NSE:SPRL
68GF Score
SP Refractories Ltd NSE:SPRL
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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SP Refractories Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹0.0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of ₹0.0 Mil mean?
SP Refractories (NSE:SPRL) has a Research & Development of ₹0.0 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on SP Refractories and its competitors.
Is SP Refractories' Research & Development too high?
SP Refractories' current Research & Development is ₹0.0 Mil. Overall, SP Refractories has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SP Refractories' Research & Development compare to CRH and VMC?
SP Refractories' Research & Development of ₹0.0 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Building Materials company?
A good Research & Development depends on the Building Materials industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on SP Refractories and its competitors. SP Refractories's current Research & Development is ₹0.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP Refractories stock overvalued right now?
Based on GuruFocus' analysis, SP Refractories (NSE:SPRL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹140.51, compared to a current price of ₹110.75 — trading 21.2% below its estimated fair value. The current Research & Development is ₹0.0 Mil. SP Refractories' overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For SP Refractories (NSE:SPRL), the current Research & Development is ₹0.0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SP Refractories (NSE:SPRL) Overvalued in 2026?

Based on GuruFocus' analysis, SP Refractories stock appears to be undervalued. The current stock price of ₹110.75 is trading 21.2% below its estimated GF Value™ of ₹140.51. GuruFocus considers SP Refractories to be Modestly Undervalued.

Key valuation signals for NSE:SPRL:

  • Research & Development: ₹0.0 Mil
  • GF Value™: ₹140.51 vs. price of ₹110.75 (21.2% below fair value)
  • GF Score™: 68/100 with 2 warning signs

No single metric tells the full story. See the NSE:SPRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SP Refractories Business Description

Address Hingna Road, M-10, M-11/1 & M-11/2, MIDC Industrial Area, Nagpur, MH, IND, 440016
SP Refractories Ltd is engaged in manufacturing and supplying refractory material made using hydrated lime, calcined alumina, and other raw materials. The company is involved in single segment of manufacturing and supplying of high quality refractory material. Its core focus is on refractory cement which is a niche and high-margin cement widely used in iron and steel and construction industries because of its thermal conductivity, maximum strength, and heat resistance.
68GF Score

Get the complete analysis for NSE:SPRL

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹110.75
Price
₹140.51
GF Value