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 ₹ 2,142 Cr.
- Current Price ₹ 1,363
- High / Low ₹ 2,254 / 1,006
- Stock P/E 57.7
- 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 9.94 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 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 147 | 141 | 151 | 251 | 253 | 328 | 402 | 497 | |
| 129 | 126 | 133 | 226 | 230 | 289 | 348 | 426 | |
| Operating Profit | 18 | 15 | 19 | 25 | 23 | 39 | 54 | 71 |
| OPM % | 12% | 10% | 12% | 10% | 9% | 12% | 13% | 14% |
| 1 | 1 | 2 | 1 | 5 | 6 | 5 | 6 | |
| Interest | 3 | 3 | 6 | 8 | 7 | 9 | 13 | 16 |
| Depreciation | 6 | 6 | 6 | 8 | 9 | 9 | 9 | 11 |
| Profit before tax | 10 | 6 | 8 | 11 | 12 | 27 | 36 | 50 |
| Tax % | 28% | 28% | 28% | 28% | 28% | 28% | 29% | |
| 7 | 5 | 6 | 8 | 8 | 20 | 25 | 37 | |
| EPS in Rs | 4.85 | 3.10 | 3.91 | 5.07 | 5.59 | 12.64 | 16.41 | 23.72 |
| 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: | 72% |
| 1 Year: | -26% |
| 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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Board Meeting Outcome for SPECTRUM : Spectrum Electrical Industries Limited Has informed Regarding Outcome Of Board Meeting Held On February 04, 2026.
4 Feb - Board approved on Feb 4, 2026 acquisition of 100% Alric Electric for up to Rs.1.25 crore, completion within 30 days.
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Board Meeting Intimation for Spectrum Electrical Industries Limited Has informed Regarding Intimation Of Board Meeting To Consider And Approve The General Business Matters Of The Company
30 Jan - Board meeting scheduled 4 Feb 2026 to consider and approve general business matters.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Jan - Spectrum Electrical Industries Limited has informed about copy of Newspaper publication
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Board Meeting Outcome for Spectrum Electrical Industries Limited Has Submitted To The Exchange, The Financial Results For The Period Ended December 31, 2025
22 Jan - Board approved Q3/nine-month unaudited results; consolidated revenue Rs12,650.58L; PAT Rs1,020.67L; QIP pending Rs720.86L
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Board Meeting Intimation for Spectrum Electrical Industries Ltd Has Informed BSE That The Meeting Of The Board Of The Company Is Scheduled On 22/01/2026,Inter Alia, To Consider And Approve Financial Results For The Quarter Ended On 31St December, 2025.
16 Jan - Board meeting on 22 Jan 2026 to approve Q3 results for quarter ended 31 Dec 2025.
Business Verticals FY24