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 ₹ 1,737 Cr.
- Current Price ₹ 1,147
- High / Low ₹ 2,400 / 1,096
- Stock P/E 66.3
- Book Value ₹ 137
- Dividend Yield 0.00 %
- ROCE 16.0 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 40.5% CAGR over last 5 years
- Company's working capital requirements have reduced from 18.2 days to 13.3 days
Cons
- Stock is trading at 8.36 times its book value
- Company has a low return on equity of 13.5% over last 3 years.
- Debtor days have increased from 85.3 to 105 days.
* 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 SmallCap BSE Allcap BSE Industrials
Quarterly 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 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 147 | 141 | 151 | 251 | 253 | 328 | 402 | |
| 129 | 126 | 133 | 226 | 230 | 289 | 348 | |
| Operating Profit | 18 | 15 | 19 | 25 | 23 | 39 | 54 |
| OPM % | 12% | 10% | 12% | 10% | 9% | 12% | 13% |
| 1 | 1 | 2 | 1 | 5 | 6 | 5 | |
| Interest | 3 | 3 | 6 | 8 | 7 | 9 | 13 |
| Depreciation | 6 | 6 | 6 | 8 | 9 | 9 | 9 |
| Profit before tax | 10 | 6 | 8 | 11 | 12 | 27 | 36 |
| Tax % | 28% | 28% | 28% | 28% | 28% | 28% | 29% |
| 7 | 5 | 6 | 8 | 8 | 20 | 25 | |
| EPS in Rs | 4.85 | 3.10 | 3.91 | 5.07 | 5.59 | 12.64 | 16.41 |
| Dividend Payout % | 0% | 0% | 26% | 20% | 0% | 8% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 17% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 50% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 150% |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 16 | 16 | 16 |
| Reserves | 51 | 56 | 62 | 68 | 77 | 154 | 174 | 200 |
| 46 | 67 | 78 | 79 | 99 | 89 | 166 | 164 | |
| 31 | 22 | 34 | 56 | 64 | 59 | 69 | 77 | |
| Total Liabilities | 143 | 159 | 189 | 218 | 255 | 317 | 424 | 457 |
| 45 | 45 | 70 | 80 | 79 | 82 | 128 | 127 | |
| CWIP | 6 | 20 | 5 | 9 | 15 | 23 | 19 | 34 |
| Investments | 9 | 10 | 11 | 12 | 13 | 34 | 5 | 5 |
| 83 | 84 | 103 | 116 | 149 | 179 | 272 | 291 | |
| Total Assets | 143 | 159 | 189 | 218 | 255 | 317 | 424 | 457 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -17 | 3 | 15 | 21 | 2 | -1 | -26 | |
| -12 | -20 | -15 | -23 | -9 | -35 | -53 | |
| 29 | 18 | 5 | -5 | 14 | 39 | 72 | |
| Net Cash Flow | 0 | 1 | 6 | -6 | 6 | 3 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 61 | 61 | 50 | 60 | 91 | 105 |
| Inventory Days | 139 | 157 | 207 | 135 | 146 | 102 | 99 |
| Days Payable | 98 | 55 | 86 | 79 | 103 | 60 | 56 |
| Cash Conversion Cycle | 105 | 163 | 182 | 106 | 103 | 133 | 148 |
| Working Capital Days | 36 | 42 | 34 | 21 | 4 | 38 | 13 |
| ROCE % | 8% | 10% | 12% | 11% | 16% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Nov - Spectrum Electrical Industries Limited has informed regarding intimation of under Regulation 30 of SEBI (LODR) Regulations, 2015 - Newspaper Publication
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
20 Nov - Postal ballot to re-appoint Kishor D. Dhake as Independent Director (6 Nov 2025–5 Nov 2030); e-voting 24 Nov–23 Dec 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Nov - Spectrum Electrical Industries Limited has informed regarding newspaper publication of Un-audited Financial Results for the quarter and half year ended on 30th September 2025
-
Spectrum Electrical Industries Ltd. - Financial Results For The Quarter Ended On September 30, 2025
15 Nov - Board approved unaudited standalone and consolidated results for quarter/half-year ended 30 Sep 2025; limited review issued.
-
Board Meeting Outcome for Spectrum Electrical Industries Limited Has informed Regarding Outcome Of Board Meeting Held On Friday November 14, 2025
14 Nov - Reappointment of Kishor Dalu Dhake as Independent Director from 6 Nov 2025; postal ballot, scrutinizer appointed; related-party transaction approved.
Business Verticals FY24