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 ₹ 2,230 Cr.
- Current Price ₹ 1,419
- High / Low ₹ 1,890 / 958
- Stock P/E 60.0
- 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 10.4 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 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: | 90% |
| 3 Years: | 40% |
| 1 Year: | -16% |
| 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 |
| Free Cash Flow | -24 | -17 | -1 | -1 | -12 | -20 | -88 |
| CFO/OP | -83% | 36% | 92% | 96% | 22% | 17% | -28% |
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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|
| Injection Moulding Capacity (Metric Tonnes per annum) MT |
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| Injection Moulding Capacity Utilization % |
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| Workforce Size (Employees) Number |
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| Injection Moulding Machine Count Nos |
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| Stamping Machine Count Nos |
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| Active ODM Projects Nos |
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| EV Charger Manufacturing Capacity per Annum (Target/Current) Nos |
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| Number of Manufacturing Facilities Nos |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for To Consider And Approve The Audited Financial Results (Standalone And Consolidated) Of The Company, Along With The Auditors' Report Thereon, For The Quarter And Financial Year Ended March 31, 2026, And To Consider And Approve Other Business Matters.'
20 May - Board meeting on 26 May 2026 to approve audited Q4 and FY2026 financial results.
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Spectrum Electrical Industries Limited Has informed Regarding ''''Execution Of Memorandum Of Understanding (MOU) With The Government Of Maharashtra.
6 May - Spectrum Electrical signed MoU on 06 May 2026 for ₹110 crore expansion in Maharashtra.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 -
Clarification On Price Movement Of Share.
5 May - Company clarified share price movement was market-driven, with no undisclosed material information.
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Clarification sought from Spectrum Electrical Industries Ltd
4 May - Exchange has sought clarification from Spectrum Electrical Industries Ltd on May 4, 2026 with reference to significant movement in price, in order to ensure that …
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Spectrum Electrical Industries Limited Has informed About Certificate Under SEBI (Depositories And Participants) Regulations, 2018
7 Apr - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no dematerialisation requests received.
Business Verticals FY24