Spectrum Talent Management Ltd
Incorporated in 2012, Spectrum Talent Management Ltd is in the business of Manpower supply, Recruitment and
related services and Trading of
Electronic Goods[1]
- Market Cap ₹ 179 Cr.
- Current Price ₹ 77.4
- High / Low ₹ 212 / 70.2
- Stock P/E 28.6
- Book Value ₹ 69.8
- Dividend Yield 0.00 %
- ROCE 4.78 %
- ROE 4.14 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.11 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.72 Cr.
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 323 | 300 | 476 | 753 | 999 | 1,253 | 1,435 | |
| 314 | 295 | 461 | 730 | 990 | 1,246 | 1,425 | |
| Operating Profit | 9 | 5 | 16 | 22 | 9 | 8 | 9 |
| OPM % | 3% | 2% | 3% | 3% | 1% | 1% | 1% |
| 0 | 1 | 0 | 1 | 3 | 3 | 4 | |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 2 |
| Depreciation | 1 | 1 | 1 | 2 | 1 | 2 | 2 |
| Profit before tax | 8 | 4 | 15 | 21 | 9 | 8 | 8 |
| Tax % | 19% | -5% | -1% | -27% | -18% | 12% | |
| 7 | 5 | 15 | 27 | 11 | 7 | 6 | |
| EPS in Rs | 14.36 | 9.52 | 39.84 | 15.09 | 4.77 | 2.98 | 2.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 38% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -25% |
| TTM: | -46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 15% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 4 | 18 | 23 | 23 | 23 |
| Reserves | 10 | 10 | 19 | 37 | 122 | 134 | 138 |
| 4 | 5 | 15 | 4 | 1 | 35 | 44 | |
| 22 | 25 | 26 | 34 | 51 | 54 | 66 | |
| Total Liabilities | 41 | 45 | 63 | 93 | 197 | 246 | 272 |
| 2 | 2 | 3 | 3 | 7 | 8 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 29 |
| Investments | 0 | 5 | 3 | 2 | 2 | 1 | 1 |
| 38 | 39 | 58 | 87 | 188 | 236 | 232 | |
| Total Assets | 41 | 45 | 63 | 93 | 197 | 246 | 272 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 6 | 4 | -6 | 8 | -6 | -67 | |
| 0 | -5 | 1 | -1 | -5 | -8 | |
| -3 | -4 | 3 | -7 | 76 | 39 | |
| Net Cash Flow | 3 | -4 | -3 | 0 | 66 | -36 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 23 | 30 | 30 | 27 | 28 | 34 |
| Inventory Days | 7 | 7 | 2 | 5 | ||
| Days Payable | 3 | 0 | 1 | 1 | ||
| Cash Conversion Cycle | 23 | 30 | 34 | 34 | 28 | 38 |
| Working Capital Days | 2 | 8 | 15 | 19 | 22 | 31 |
| ROCE % | 21% | 52% | 45% | 10% | 5% |
Documents
Announcements
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Statement of deviation(s) or variation(s) under Reg. 32
14 November 2025 - No deviation in utilisation of Rs.6.18 crore preferential issue proceeds for half-year ended 30 Sep 2025.
-
Outcome of Board Meeting
14 November 2025 - H1 FY25 results approved: revenue ~Rs7,026m, net profit ~Rs37.7m; Rs337.16m GST penalty disclosed; office changed.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 October 2025 - Certificate under Reg.74(5): no physical share certificates received; quarter ended 30 September 2025.
-
Trading Window
28 September 2025 - Trading window closed from 1 Oct 2025 until 48 hours after unaudited H1 FY2025 results declaration.
-
Shareholders meeting
19 September 2025 - 18 Sep 2025 AGM: adopted FY2024-25 audited financials; reappointed Rajesh, Sidharth (WTD), Vidur (MD).
Annual reports
Concalls
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Jun 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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May 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jul 2023TranscriptAI SummaryPPTREC
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Jul 2023TranscriptAI SummaryPPT REC
Business Overview[1]
Spectrum Talent Management Ltd is a global manpower solutions provider offering services such as Recruitment Process Outsourcing, Global Search & Selection, Contract Staffing, IT Staffing, Apprentice Programs, and Managed Services.
It operates through 14 offices across India and the US, serving clients in over 30 countries. With a workforce of 33,461+ associates, a proprietary database of 800,000+ candidates, and expertise across 13+ sectors, supporting 400+ clients globally