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 ₹ 2,268 Cr.
- Current Price ₹ 1,443
- High / Low ₹ 1,890 / 958
- Stock P/E 53.0
- Book Value ₹ 154
- Dividend Yield 0.00 %
- ROCE 17.7 %
- ROE 19.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 48.6% CAGR over last 5 years
- Company's median sales growth is 25.1% of last 10 years
Cons
- Stock is trading at 9.40 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 2 | 7 | 120 | 147 | 141 | 151 | 251 | 253 | 322 | 397 | 505 | |
| 0 | 2 | 5 | 103 | 129 | 126 | 133 | 226 | 230 | 282 | 345 | 428 | |
| Operating Profit | 0 | 0 | 1 | 16 | 18 | 15 | 19 | 25 | 23 | 40 | 52 | 76 |
| OPM % | 23% | 19% | 14% | 12% | 10% | 12% | 10% | 9% | 12% | 13% | 15% | |
| 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 5 | 6 | 5 | 7 | |
| Interest | 0 | 0 | 0 | 4 | 3 | 3 | 6 | 8 | 7 | 10 | 13 | 16 |
| Depreciation | 0 | 0 | 0 | 4 | 6 | 6 | 6 | 8 | 9 | 10 | 9 | 12 |
| Profit before tax | 0 | 0 | 1 | 8 | 10 | 6 | 8 | 11 | 12 | 27 | 35 | 56 |
| Tax % | 23% | 20% | 27% | 28% | 28% | 28% | 28% | 28% | 28% | 31% | 23% | |
| 0 | 0 | 1 | 6 | 7 | 5 | 6 | 8 | 8 | 19 | 24 | 43 | |
| EPS in Rs | 0.00 | 6.01 | 10.62 | 52.96 | 4.85 | 3.10 | 3.91 | 5.06 | 5.57 | 12.29 | 15.56 | 27.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 26% | 20% | 0% | 8% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 73% |
| 5 Years: | 27% |
| 3 Years: | 26% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 64% |
| 5 Years: | 49% |
| 3 Years: | 72% |
| TTM: | 76% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 92% |
| 3 Years: | 41% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | 17% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 5 | 5 | 11 | 15 | 15 | 15 | 15 | 15 | 16 | 16 | 16 |
| Reserves | 0 | 0 | 1 | 23 | 51 | 56 | 62 | 68 | 77 | 149 | 174 | 226 |
| 0 | 8 | 11 | 38 | 46 | 67 | 77 | 77 | 84 | 93 | 166 | 214 | |
| 0 | 2 | 8 | 35 | 31 | 22 | 34 | 56 | 64 | 58 | 69 | 166 | |
| Total Liabilities | 0 | 15 | 25 | 108 | 143 | 159 | 188 | 216 | 239 | 316 | 424 | 621 |
| 0 | 2 | 6 | 50 | 45 | 45 | 70 | 80 | 75 | 82 | 128 | 136 | |
| CWIP | 0 | 9 | 14 | 0 | 6 | 20 | 1 | 3 | 7 | 10 | 19 | 117 |
| Investments | 0 | 0 | 0 | 4 | 9 | 10 | 14 | 15 | 16 | 3 | 5 | 6 |
| 0 | 5 | 5 | 54 | 83 | 84 | 103 | 117 | 141 | 221 | 272 | 362 | |
| Total Assets | 0 | 15 | 25 | 108 | 143 | 159 | 188 | 216 | 239 | 316 | 424 | 621 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -2 | 9 | -9 | -17 | 3 | 12 | 24 | 8 | -14 | -18 | ||
| 0 | -5 | -10 | -35 | -12 | -20 | -11 | -21 | -3 | -34 | -40 | ||
| 0 | 8 | 2 | 44 | 29 | 18 | 5 | -9 | 0 | 52 | 49 | ||
| Net Cash Flow | 0 | 1 | 1 | -0 | 0 | 1 | 6 | -6 | 6 | 4 | -8 | |
| Free Cash Flow | 0 | -7 | -1 | -44 | -24 | -17 | -0 | 3 | 1 | -27 | -68 | |
| CFO/OP | -358% | 742% | -42% | -83% | 36% | 76% | 106% | 50% | -15% | -15% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 69 | 63 | 61 | 61 | 50 | 67 | 91 | 106 | 87 | |
| Inventory Days | 190 | 95 | 106 | 139 | 157 | 207 | 135 | 143 | 102 | 99 | 138 | |
| Days Payable | 190 | 695 | 148 | 98 | 55 | 86 | 78 | 102 | 61 | 56 | 104 | |
| Cash Conversion Cycle | 0 | -601 | 26 | 105 | 163 | 183 | 107 | 108 | 133 | 150 | 121 | |
| Working Capital Days | 461 | -281 | -1 | 36 | 42 | 34 | 26 | 20 | 33 | 12 | 33 | |
| ROCE % | 0% | 6% | 28% | 14% | 8% | 10% | 12% | 11% | 17% | 16% | 18% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|
| Injection Moulding Capacity (Metric Tonnes per annum) MT |
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| Injection Moulding Capacity Utilization % |
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| Workforce Size (Employees) Number |
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| Injection Moulding Machine Count Nos |
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| Stamping Machine Count Nos |
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| Active ODM Projects Nos |
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| EV Charger Manufacturing Capacity per Annum (Target/Current) Nos |
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| Number of Manufacturing Facilities Nos |
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Extracted by Screener AI
Documents
Announcements
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Spectrum Electrical Industries Limited - Submission Of The Statement Of Deviation And Variation Pursuant To Regulation 32 Of SEBI (LODR) Regulations, 2015
2d - QIP fund utilization statement for quarter ended March 31, 2026 reports no deviation.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - FY2025-26 secretarial compliance report filed; no non-compliances, Alric Electric became material subsidiary prospectively.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Spectrum Electrical Industries Limited has informed regarding Newspaper Publication
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Spectrum Electrical Industries Ltd. Has informed Regarding - Authorization For Conversion Of Inter-Company Loans Into Equity Shares Of Wholly Owned Subsidiary Company.
26 May - Board approved converting up to ₹2.5 crore inter-company loan into equity of wholly owned subsidiary by August 2026.
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To The Regulation 30 Of The SEBI (LODR) - Audited Financial Results For The Quarter And Year Ended March 31, 2026
Regulation, 2015.
26 May - Board approved FY26 audited standalone and consolidated results; unmodified opinion; proposed loan-to-equity conversion in subsidiary.
Business Verticals FY24