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 ₹ 2,512 Cr.
- Current Price ₹ 1,598
- High / Low ₹ 1,828 / 958
- Stock P/E 56.6
- Book Value ₹ 156
- Dividend Yield 0.00 %
- ROCE 16.8 %
- ROE 20.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 49.7% CAGR over last 5 years
- Debtor days have improved from 87.9 to 60.0 days.
- Company's working capital requirements have reduced from 38.0 days to 28.9 days
Cons
- Stock is trading at 10.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 147 | 141 | 151 | 251 | 253 | 328 | 402 | 526 | |
| 129 | 126 | 133 | 226 | 230 | 289 | 348 | 446 | |
| Operating Profit | 18 | 15 | 19 | 25 | 23 | 39 | 54 | 80 |
| OPM % | 12% | 10% | 12% | 10% | 9% | 12% | 13% | 15% |
| 1 | 1 | 2 | 1 | 5 | 6 | 5 | 5 | |
| Interest | 3 | 3 | 6 | 8 | 7 | 9 | 13 | 15 |
| Depreciation | 6 | 6 | 6 | 8 | 9 | 9 | 9 | 12 |
| Profit before tax | 10 | 6 | 8 | 11 | 12 | 27 | 36 | 58 |
| Tax % | 28% | 28% | 28% | 28% | 28% | 28% | 29% | 23% |
| 7 | 5 | 6 | 8 | 8 | 20 | 25 | 44 | |
| EPS in Rs | 4.85 | 3.10 | 3.91 | 5.07 | 5.59 | 12.64 | 16.41 | 28.27 |
| Dividend Payout % | 0% | 0% | 26% | 20% | 0% | 8% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 28% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 74% |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 99% |
| 3 Years: | 45% |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 17% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 16 | 16 | 16 |
| Reserves | 51 | 56 | 62 | 68 | 77 | 154 | 175 | 229 |
| 46 | 67 | 78 | 79 | 99 | 89 | 185 | 249 | |
| 31 | 22 | 34 | 56 | 64 | 59 | 69 | 174 | |
| Total Liabilities | 143 | 159 | 189 | 218 | 255 | 317 | 445 | 668 |
| 45 | 45 | 70 | 80 | 79 | 82 | 139 | 146 | |
| CWIP | 6 | 20 | 5 | 9 | 15 | 23 | 38 | 172 |
| Investments | 9 | 10 | 11 | 12 | 13 | 34 | 1 | 1 |
| 83 | 84 | 103 | 116 | 149 | 179 | 268 | 349 | |
| Total Assets | 143 | 159 | 189 | 218 | 255 | 317 | 445 | 668 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -17 | 3 | 15 | 21 | 2 | -1 | -26 | 94 | |
| -12 | -20 | -15 | -23 | -9 | -35 | -53 | -136 | |
| 29 | 18 | 5 | -5 | 14 | 39 | 72 | 48 | |
| Net Cash Flow | 0 | 1 | 6 | -6 | 6 | 3 | -7 | 6 |
| Free Cash Flow | -24 | -17 | -1 | -1 | -12 | -20 | -88 | -48 |
| CFO/OP | -83% | 36% | 92% | 96% | 22% | 17% | -28% | 136% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 61 | 61 | 50 | 60 | 91 | 113 | 60 |
| Inventory Days | 139 | 157 | 207 | 135 | 146 | 102 | 101 | 157 |
| Days Payable | 98 | 55 | 86 | 79 | 103 | 60 | 54 | 92 |
| Cash Conversion Cycle | 105 | 163 | 182 | 106 | 103 | 133 | 160 | 124 |
| Working Capital Days | 36 | 42 | 34 | 21 | 4 | 38 | 47 | 29 |
| ROCE % | 8% | 10% | 12% | 11% | 16% | 15% | 17% |
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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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Jun - Spectrum Electrical Industries Limited has informed about Schedule of Analyst/Institutional meeting
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Spectrum Electrical Industries Limited - Submission Of The Statement Of Deviation And Variation Pursuant To Regulation 32 Of SEBI (LODR) Regulations, 2015
29 May - QIP fund utilization statement for quarter ended March 31, 2026 reports no deviation.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - FY2025-26 secretarial compliance report filed; no non-compliances, Alric Electric became material subsidiary prospectively.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Spectrum Electrical Industries Limited has informed regarding Newspaper Publication
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Spectrum Electrical Industries Ltd. Has informed Regarding - Authorization For Conversion Of Inter-Company Loans Into Equity Shares Of Wholly Owned Subsidiary Company.
26 May - Board approved converting up to ₹2.5 crore inter-company loan into equity of wholly owned subsidiary by August 2026.
Business Verticals FY24