Spectrum Electrical Industries Ltd

Spectrum Electrical Industries Ltd

₹ 1,765 -0.86%
26 Feb - close price
About

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]

Key Points

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]

  • Market Cap 2,668 Cr.
  • Current Price 1,765
  • High / Low 1,898 / 266
  • Stock P/E 209
  • Book Value 64.6
  • Dividend Yield 0.06 %
  • ROCE 11.4 %
  • ROE 9.60 %
  • Face Value 10.0

Pros

  • Promoter holding has increased by 3.43% over last quarter.

Cons

  • Stock is trading at 27.3 times its book value
  • Company has a low return on equity of 9.09% 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
74 69 55 98 123 129 126 132 135
64 63 48 84 109 118 114 116 117
Operating Profit 10 6 7 14 15 12 12 16 18
OPM % 14% 8% 12% 14% 12% 9% 10% 12% 13%
0 0 0 0 0 0 0 0 0
Interest 2 1 3 3 4 4 4 3 4
Depreciation 3 3 3 3 4 4 4 5 5
Profit before tax 5 1 1 8 7 4 4 8 10
Tax % 28% 28% 27% 28% 28% 28% 28% 28% 29%
4 1 0 6 5 3 3 6 7
EPS in Rs 2.45 0.64 0.27 3.64 3.36 1.71 1.81 3.76 4.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 0 2 7 120 147 141 151 251 253 267
0 0 0 2 5 103 129 126 133 226 230 233
Operating Profit 0 0 0 0 1 16 18 15 19 25 23 34
OPM % 23% 19% 14% 12% 10% 12% 10% 9% 13%
0 0 0 0 0 0 1 1 2 1 5 0
Interest 0 0 0 0 0 4 3 3 6 8 7 7
Depreciation 0 0 0 0 0 4 6 6 6 8 9 9
Profit before tax 0 0 0 0 1 8 10 6 8 11 12 18
Tax % 23% 20% 27% 28% 28% 28% 28% 28%
0 0 0 0 1 6 7 5 6 8 8 13
EPS in Rs 0.00 0.00 0.00 6.01 10.62 52.96 4.85 3.10 3.91 5.06 5.57 8.44
Dividend Payout % 0% 0% 0% 0% 0% 26% 20% 0%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 22%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: 22%
TTM: 140%
Stock Price CAGR
10 Years: %
5 Years: 97%
3 Years: 212%
1 Year: 567%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 0 5 5 11 15 15 15 15 15 15
Reserves 0 0 0 0 1 23 51 56 62 68 77 82
0 0 0 8 11 38 46 67 77 77 84 88
0 0 0 2 8 35 31 22 34 56 64 64
Total Liabilities 0 0 0 15 25 108 143 159 188 216 239 249
0 0 0 2 6 50 45 45 70 80 75 76
CWIP 0 0 0 9 14 0 6 20 1 3 7 12
Investments 0 0 0 0 0 4 9 10 14 15 16 15
0 0 0 5 5 54 83 84 103 117 141 146
Total Assets 0 0 0 15 25 108 143 159 188 216 239 249

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 0 -2 9 -9 -17 3 12 24 8
0 0 0 -5 -10 -35 -12 -20 -11 -21 -3
0 0 0 8 2 44 29 18 5 -9 0
Net Cash Flow 0 0 0 1 1 -0 0 1 6 -6 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 0 69 63 61 61 50 67
Inventory Days 190 95 106 139 157 207 135 143
Days Payable 190 695 148 98 55 86 78 102
Cash Conversion Cycle 0 -601 26 105 163 183 107 108
Working Capital Days 461 -281 48 87 118 126 86 105
ROCE % 0% 0% 6% 28% 14% 8% 10% 12% 11%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Feb 2024
68.64% 68.64% 68.64% 68.64% 68.64% 68.91% 69.48% 71.45% 71.45% 71.45% 74.88% 72.55%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.56% 2.41%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.00% 0.31%
31.36% 31.38% 31.37% 31.37% 31.37% 31.09% 30.51% 28.55% 28.55% 28.48% 24.56% 24.74%
No. of Shareholders 595121118116109101109104109170272676

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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