Spectrum Electrical Industries Ltd
Spectrum Electrical Industries Limited, incorporated in 1995, is engaged in the business of Injection Moulding, manufacturing of Electrical Press Components and Surface treatment of Automobile, Electrical and Stamped parts. [1]
- Market Cap ₹ 2,414 Cr.
- Current Price ₹ 1,547
- High / Low ₹ 1,898 / 458
- Stock P/E 122
- Book Value ₹ 109
- Dividend Yield 0.06 %
- ROCE 18.9 %
- ROE 21.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 22.2% CAGR over last 5 years
Cons
- Stock is trading at 14.2 times its book value
- Promoter holding has decreased over last quarter: -2.35%
- Company has a low return on equity of 13.8% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 147 | 141 | 151 | 251 | 253 | 334 | |
| 129 | 126 | 133 | 226 | 230 | 289 | |
| Operating Profit | 18 | 15 | 19 | 25 | 23 | 45 |
| OPM % | 12% | 10% | 12% | 10% | 9% | 13% |
| 1 | 1 | 2 | 1 | 5 | 0 | |
| Interest | 3 | 3 | 6 | 8 | 7 | 9 |
| Depreciation | 6 | 6 | 6 | 8 | 9 | 9 |
| Profit before tax | 10 | 6 | 8 | 11 | 12 | 27 |
| Tax % | 28% | 28% | 28% | 28% | 28% | 28% |
| 7 | 5 | 6 | 8 | 8 | 20 | |
| EPS in Rs | 4.85 | 3.10 | 3.91 | 5.07 | 5.59 | 12.64 |
| Dividend Payout % | 0% | 0% | 26% | 20% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 30% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 49% |
| TTM: | 133% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 94% |
| 3 Years: | 199% |
| 1 Year: | 226% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 14% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 16 |
| Reserves | 51 | 56 | 62 | 68 | 77 | 154 |
| 46 | 67 | 78 | 79 | 99 | 89 | |
| 31 | 22 | 34 | 56 | 64 | 59 | |
| Total Liabilities | 143 | 159 | 189 | 218 | 255 | 317 |
| 45 | 45 | 70 | 80 | 79 | 82 | |
| CWIP | 6 | 20 | 5 | 9 | 15 | 23 |
| Investments | 9 | 10 | 11 | 12 | 13 | 35 |
| 83 | 84 | 103 | 116 | 149 | 179 | |
| Total Assets | 143 | 159 | 189 | 218 | 255 | 317 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -17 | 3 | 15 | 21 | 2 | -1 | |
| -12 | -20 | -15 | -23 | -9 | -35 | |
| 29 | 18 | 5 | -5 | 14 | 39 | |
| Net Cash Flow | 0 | 1 | 6 | -6 | 6 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 63 | 61 | 61 | 50 | 60 | |
| Inventory Days | 139 | 157 | 207 | 135 | 146 | |
| Days Payable | 98 | 55 | 86 | 79 | 103 | |
| Cash Conversion Cycle | 105 | 163 | 182 | 106 | 103 | |
| Working Capital Days | 87 | 118 | 126 | 82 | 92 | |
| ROCE % | 8% | 10% | 12% | 11% |
Documents
Announcements
- Statement of deviation(s) or variation(s) under Reg. 32 10 May 2024
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent 9 May 2024
- Updates 8 May 2024
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent 8 May 2024
- Auditor's report 7 May 2024
Products and Services
The company manufactures electrical components including Mini MCB base and cover; Distribution boards; AC box; Modular Electrical Board panels; Lamp angle holders among others. The services provided by the company include Surface Coatings, Metallic Stamping, Plastics Moulding, and Mould Tooling. [1]