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 ₹ 2,409 Cr.
- Current Price ₹ 1,518
- High / Low ₹ 2,400 / 1,169
- Stock P/E 94.1
- 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 14.0 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: | 87% |
| 3 Years: | 184% |
| 1 Year: | -15% |
| 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
-
Intimation Regarding Receipt Of Final Trading Approval For Equity Shares Allotted Upon Conversion Of Warrants.
2d - Final trading approval for 107,250 preferential shares; listed 28-Aug-2025; lock-in till 28-Feb-2027.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Aug - Spectrum Electrical Industries Limited (The Company) has informed regarding Newspaper Publication for unaudited financial results for the quarter ended on June 30. 2025
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Aug - Spectrum Electrical Industries Limited (The Company) has informed regarding News Paper Publication of Unaudited Financial Results for the Quarter ended on June 30, 2025
-
Board Meeting Outcome for Outcome Of Board Meeting: Pursuant To The Regulation 30 Of The SEBI (LODR) Regulation, 2015.
14 Aug - Spectrum Electrical reports Q1 FY26 unaudited standalone and consolidated financial results with profits and EPS.
-
Board Meeting Intimation for Board Meeting Intimation Under Regulation 29 Of The SEBI (LODR) Regulations, 2015.
7 Aug - Board meeting on 14 Aug 2025 to approve Q1 unaudited financial results.
Business Verticals FY24