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 ₹ 1,925 Cr.
- Current Price ₹ 1,225
- High / Low ₹ 1,900 / 1,006
- Stock P/E 51.8
- 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 8.93 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: | 85% |
| 3 Years: | 44% |
| 1 Year: | -29% |
| 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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Documents
Announcements
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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.
-
Spectrum Electrical Industries Limited Has informed Regarding ''''Compliance Of Regulation 31 (4) Of SEBI SAST Regulations.
6 Apr - Promoters held 1,14,27,260 shares and reported no encumbrance as of March 31, 2026.
- Closure of Trading Window 25 Mar
-
SPECTRUM: Spectrum Electrical Industries Limited Has informed About The Acquisition Of 100% Stake In Alric Electric Private Limited (Target Company).
6 Mar - Completed acquisition of 100% of Alric Electric Pvt Ltd for Rs1.11 crore on 6 March 2026.
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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.
Business Verticals FY24