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 ₹ 2,330 Cr.
- Current Price ₹ 1,486
- High / Low ₹ 2,400 / 1,407
- Stock P/E 107
- Book Value ₹ 115
- Dividend Yield 0.07 %
- ROCE 16.1 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 22.2% CAGR over last 5 years
Cons
- Stock is trading at 13.0 times its book value
- Company has a low return on equity of 12.0% over last 3 years.
- Debtor days have increased from 66.9 to 90.8 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
Half Yearly 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 147 | 141 | 151 | 251 | 253 | 328 | 360 | |
| 129 | 126 | 133 | 226 | 230 | 289 | 312 | |
| Operating Profit | 18 | 15 | 19 | 25 | 23 | 39 | 48 |
| OPM % | 12% | 10% | 12% | 10% | 9% | 12% | 13% |
| 1 | 1 | 2 | 1 | 5 | 6 | 0 | |
| Interest | 3 | 3 | 6 | 8 | 7 | 9 | 10 |
| Depreciation | 6 | 6 | 6 | 8 | 9 | 9 | 8 |
| Profit before tax | 10 | 6 | 8 | 11 | 12 | 27 | 30 |
| Tax % | 28% | 28% | 28% | 28% | 28% | 28% | |
| 7 | 5 | 6 | 8 | 8 | 20 | 22 | |
| EPS in Rs | 4.85 | 3.10 | 3.91 | 5.07 | 5.59 | 12.64 | 13.92 |
| Dividend Payout % | 0% | 0% | 26% | 20% | 0% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 29% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 49% |
| TTM: | 70% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 91% |
| 3 Years: | 192% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 12% |
| 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 | |
|---|---|---|---|---|---|---|
| -17 | 3 | 15 | 21 | 2 | -1 | |
| -12 | -20 | -15 | -23 | -9 | -35 | |
| 29 | 18 | 5 | -5 | 14 | 39 | |
| Net Cash Flow | 0 | 1 | 6 | -6 | 6 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 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
-
Board Meeting Intimation for Board Meeting Intimation Under Regulation 29 Of The SEBI (LODR) Regulations, 2015.
24h - Board meeting on 14 Aug 2025 to approve Q1 unaudited financial results.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On July 24, 2025 - Allotment Of Equity Shares Of Spectrum Electrical Industries Ltd. ('Company') Pursuant To Exercise Of Share Warrants By Warrant Holders.
24 Jul - Allotment of 1,07,250 shares at Rs.1,120 each via warrant conversion, raising Rs.12.01 crore.
-
Board Meeting Intimation for Prior Intimation Regarding Board Meeting To Consider And Allot Equity Shares Upon The Conversion Of Convertible Warrants.
21 Jul - Board meeting on July 24 to allot 107,250 shares at Rs.1110 premium on warrant conversion.
-
Certificate Under SEBI (Depositories And Participants) Regulations, 2018
15 Jul - Certificate confirming no share dematerialisation requests for quarter ended June 30, 2025.
- Closure of Trading Window 30 Jun
Business Verticals FY24