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 ₹ 2,226 Cr.
- Current Price ₹ 1,417
- High / Low ₹ 2,400 / 1,169
- Stock P/E 86.9
- Book Value ₹ 109
- Dividend Yield 0.07 %
- ROCE 18.9 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 40.5% CAGR over last 5 years
Cons
- Stock is trading at 13.2 times its book value
- 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
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: | 91% |
| 3 Years: | 179% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 14% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 16 | 16 |
| Reserves | 51 | 56 | 62 | 68 | 77 | 154 | 163 |
| 46 | 67 | 78 | 79 | 99 | 89 | 92 | |
| 31 | 22 | 34 | 56 | 64 | 59 | 54 | |
| Total Liabilities | 143 | 159 | 189 | 218 | 255 | 317 | 325 |
| 45 | 45 | 70 | 80 | 79 | 82 | 85 | |
| CWIP | 6 | 20 | 5 | 9 | 15 | 23 | 30 |
| Investments | 9 | 10 | 11 | 12 | 13 | 34 | 28 |
| 83 | 84 | 103 | 116 | 149 | 179 | 182 | |
| Total Assets | 143 | 159 | 189 | 218 | 255 | 317 | 325 |
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 | |
| Inventory Days | 139 | 157 | 207 | 135 | 146 | 102 | |
| Days Payable | 98 | 55 | 86 | 79 | 103 | 60 | |
| Cash Conversion Cycle | 105 | 163 | 182 | 106 | 103 | 133 | |
| Working Capital Days | 36 | 42 | 34 | 21 | 4 | 38 | |
| ROCE % | 8% | 10% | 12% | 11% | 16% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Sep - Spectrum Electrical Industries Limited has informed regarding Newspaper Publication for the upcoming Annual General Meeting of the Company.
- Reg. 34 (1) Annual Report. 8 Sep
- Spectrum Electrical Industries Limited (The Company) Has informed Regarding Notice Of 17Th Annual General Meeting Of The Company 8 Sep
-
Announcement under Regulation 30 (LODR)-Change in Management
7 Sep - Appointed Ms. Yuti Nagarkar as Secretarial Auditor for FY2025-26 to 2029-30, appointed 7 Sep 2025.
-
Board Meeting Outcome for Spectrum Electrical Industries Limited (The Company) Has informed Regarding Outcome Of Board Meeting Held On 7Th September, 2025
7 Sep - Board approved Ms. Yuti Nagarkar as secretarial auditor (2025-26 to 2029-30); AGM on 30 Sep 2025.
Business Verticals FY24