Spectrum Electrical Industries Ltd

Spectrum Electrical Industries Ltd

₹ 1,147 -5.07%
04 Dec 4:01 p.m.
About

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]

Key Points

Business Verticals FY24

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2024 Sep 2024 Mar 2025 Jun 2025 Sep 2025
75.41 87.17 168.54 85.43 117.68
65.61 78.97 143.08 73.71 102.45
Operating Profit 9.80 8.20 25.46 11.72 15.23
OPM % 13.00% 9.41% 15.11% 13.72% 12.94%
0.37 6.00 0.53 2.11 2.16
Interest 3.29 2.10 3.80 4.60 2.62
Depreciation 2.39 2.55 2.27 2.89 2.91
Profit before tax 4.49 9.55 19.92 6.34 11.86
Tax % 53.90% 26.28% 31.48% 11.36% 34.06%
2.07 7.03 13.65 5.63 7.81
EPS in Rs 1.38 4.59 8.70 3.65 4.93
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Jun 2025Sep 2025
68.64% 68.91% 69.48% 71.45% 71.45% 71.45% 74.88% 72.53% 72.53% 72.54% 72.54% 72.72%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.56% 2.51% 2.69% 3.67% 4.11% 4.33%
0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.00% 0.31% 0.33% 0.34% 0.34% 0.34%
31.37% 31.09% 30.51% 28.55% 28.55% 28.48% 24.56% 24.64% 24.45% 23.44% 23.01% 22.61%
No. of Shareholders 1091011091041091702726281,1661,2171,6311,802

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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