Integrated Personnel Services Ltd
Incorporated in 2004, Integrated Personnel Services is an end-to-end human resource management company which provides customized solutions [1]
- Market Cap ₹ 238 Cr.
- Current Price ₹ 286
- High / Low ₹ 398 / 140
- Stock P/E 48.5
- Book Value ₹ 58.2
- Dividend Yield 0.00 %
- ROCE 11.8 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 1.06% over last quarter.
Cons
- Stock is trading at 4.92 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 12.9% 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 115 | 148 | 119 | 143 | 169 | 206 | 263 | |
| 111 | 143 | 115 | 138 | 161 | 198 | 255 | |
| Operating Profit | 4 | 4 | 4 | 5 | 7 | 8 | 8 |
| OPM % | 4% | 3% | 3% | 4% | 4% | 4% | 3% |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 2 | 2 | 2 | 2 | 4 | 4 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 3 | 3 | 2 | 3 | 4 | 4 | 5 |
| Tax % | 23% | -3% | 3% | 6% | 7% | 2% | 1% |
| 2 | 3 | 2 | 3 | 3 | 4 | 5 | |
| EPS in Rs | 4.18 | 5.81 | 3.07 | 5.45 | 4.65 | 5.44 | 5.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 23% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 21% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 79% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 7 | 7 | 9 |
| Reserves | 2 | 5 | 6 | 9 | 21 | 28 | 40 |
| 13 | 20 | 21 | 24 | 22 | 25 | 28 | |
| 12 | 9 | 7 | 6 | 6 | 10 | 11 | |
| Total Liabilities | 32 | 38 | 39 | 45 | 56 | 70 | 88 |
| 3 | 3 | 3 | 3 | 7 | 9 | 8 | |
| CWIP | 3 | 3 | 3 | 4 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 26 | 32 | 33 | 38 | 48 | 60 | 79 | |
| Total Assets | 32 | 38 | 39 | 45 | 56 | 70 | 88 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 2 | -3 | 0 | -0 | 0 | -1 | 0 | |
| -3 | -0 | -0 | -1 | -3 | -4 | -8 | |
| 1 | 5 | -1 | 2 | 6 | 2 | 9 | |
| Net Cash Flow | -0 | 2 | -1 | 0 | 3 | -3 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 59 | 74 | 72 | 80 | 86 | 80 |
| Inventory Days | 0 | ||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 64 | 59 | 74 | 72 | 80 | 86 | 80 |
| Working Capital Days | 42 | 52 | 61 | 61 | 74 | 75 | 78 |
| ROCE % | 18% | 13% | 15% | 17% | 14% | 12% |
Documents
Announcements
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Updates
19 May 2025 - Integrated Personnel Services Limited has informed regarding 'Disclosure of Large Corporate entity'.
-
Copy of Newspaper Publication
19 May 2025 - Published audited financial results for half and year ended March 31, 2025 in newspapers.
-
General Updates
17 May 2025 - Rectified dividend rate wording: Final dividend 10 paise (1%) per share for FY ended March 2025.
-
Outcome of Board Meeting
16 May 2025 - Auditor's report on Integrated Personnel Services' FY25 standalone and consolidated financial results.
-
Dividend
16 May 2025 - Auditor's report confirms true and fair view of FY25 standalone and consolidated financial results.
Business Overview:[1]
IPSL delivers integrated Human Resource solutions under the categories of Raising, Leasing, and Management for various industries and diverse functional roles for Information Technology and non - IT companies. Their services include:
a) Temporary staffing solutions (flexi-staffing)
b) Permanent recruitment (executive search) services
c) Specialized staff recruitment
d) Outsourced recruitment processes
e) Payroll management