Spectrum Electrical Industries Ltd

₹ 1,997 0.92%

13 Dec - close price

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

Website NSE - SM

Market Cap ₹ 3,117 Cr.
Current Price ₹ 1,997
High / Low ₹ 2,520 / 1,060
Stock P/E 143
Book Value ₹ 115
Dividend Yield 0.05 %
ROCE 16.1 %
ROE 15.1 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 22.2% CAGR over last 5 years

Cons

Stock is trading at 17.4 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Detailed Comparison with:

Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
	142	55	98	123	129	126	132	137	198	162
	126	48	84	109	118	114	116	118	171	142
Operating Profit	16	7	14	15	12	12	16	18	27	21
OPM %	11%	12%	14%	12%	9%	10%	12%	13%	14%	13%
	0	0	0	0	0	0	0	0	0	0
Interest	3	3	3	4	4	4	3	4	5	5
Depreciation	6	3	3	4	4	4	5	5	4	4
Profit before tax	6	1	8	7	4	4	8	10	17	13
Tax %	28%	27%	28%	28%	28%	28%	28%	29%	27%	28%
	5	0	6	5	3	3	6	7	13	9
EPS in Rs	3.10	0.27	3.64	3.36	1.71	1.81	3.78	4.70	8.08	5.84
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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:	103%
3 Years:	240%
1 Year:	49%

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	87	118	126	82	92	117
ROCE %		8%	10%	12%	11%	16%

Shareholding Pattern

Numbers in percentages

	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
	68.64%	68.64%	68.64%	68.64%	68.91%	69.48%	71.45%	71.45%	71.45%	74.88%	72.53%	72.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.56%	2.51%	2.69%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.00%	0.31%	0.33%
	31.38%	31.37%	31.37%	31.37%	31.09%	30.51%	28.55%	28.55%	28.48%	24.56%	24.64%	24.45%
No. of Shareholders	121	118	116	109	101	109	104	109	170	272	628	1,166

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	68.64%	68.64%	68.91%	71.45%	71.45%	72.53%	72.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	2.51%	2.69%
	0.00%	0.00%	0.00%	0.00%	0.07%	0.31%	0.33%
	31.38%	31.37%	31.09%	28.55%	28.48%	24.64%	24.45%
No. of Shareholders	121	116	101	104	170	628	1,166

* 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.

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Spectrum Electrical Industries Ltd

Spectrum Electrical Industries Ltd

Peer comparison

Half Yearly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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