Spectrum Talent Management Ltd
Incorporated in 2012, Spectrum Talent Management Ltd is in the business of
manpower and other business services, and trading of electronic goods.[1]
- Market Cap ₹ 133 Cr.
- Current Price ₹ 57.6
- High / Low ₹ 104 / 50.8
- Stock P/E 10.9
- Book Value ₹ 73.5
- Dividend Yield 0.00 %
- ROCE 7.64 %
- ROE 7.47 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.78 times its book value
- Company's working capital requirements have reduced from 24.0 days to 19.1 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 7.09% over last 3 years.
- Contingent liabilities of Rs.41.8 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.
Peer comparison
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of Nifty SME Emerge
Quarterly 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 323 | 300 | 476 | 753 | 999 | 1,253 | 1,437 | |
| 314 | 295 | 461 | 730 | 990 | 1,246 | 1,423 | |
| Operating Profit | 9 | 5 | 16 | 22 | 9 | 8 | 14 |
| OPM % | 2.7% | 1.6% | 3.3% | 3.0% | 0.9% | 0.6% | 1.0% |
| 0 | 1 | 0 | 1 | 3 | 3 | 4 | |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 1 | 2 | 3 |
| Profit before tax | 8 | 4 | 15 | 21 | 9 | 8 | 12 |
| Tax % | 19% | -5% | -1% | -27% | -18% | 12% | -6% |
| 7 | 5 | 15 | 27 | 11 | 7 | 12 | |
| EPS in Rs | 3.69 | 2.44 | 10.23 | 15.09 | 4.77 | 2.98 | 5.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 24% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | -23% |
| TTM: | 101% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -25% |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 7% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 4 | 18 | 23 | 23 | 23 |
| Reserves | 10 | 10 | 19 | 37 | 122 | 134 | 147 |
| 4 | 5 | 15 | 4 | 1 | 35 | 30 | |
| 22 | 25 | 26 | 34 | 51 | 54 | 76 | |
| Total Liabilities | 41 | 45 | 63 | 93 | 197 | 246 | 276 |
| 2 | 2 | 3 | 3 | 7 | 8 | 43 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 6 |
| Investments | 0 | 5 | 3 | 2 | 2 | 1 | 2 |
| 38 | 39 | 58 | 87 | 188 | 236 | 225 | |
| Total Assets | 41 | 45 | 63 | 93 | 197 | 246 | 276 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 6 | 4 | -6 | 8 | -6 | -67 | 68 | |
| 0 | -5 | 1 | -1 | -5 | -8 | -43 | |
| -3 | -4 | 3 | -7 | 76 | 39 | -8 | |
| Net Cash Flow | 3 | -4 | -3 | 0 | 66 | -36 | 16 |
| Free Cash Flow | 4 | 4 | -8 | 6 | -10 | -72 | 24 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 102% | 81% | -24% | 37% | -95% | -854% | 510% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 30 | 30 | 27 | 28 | 34 | 30 |
| Inventory Days | 7 | 7 | 2 | 5 | 3 | ||
| Days Payable | 3 | 0 | 1 | 1 | 1 | ||
| Cash Conversion Cycle | 23 | 30 | 34 | 34 | 28 | 38 | 32 |
| Working Capital Days | 2 | 8 | 15 | 19 | 22 | 31 | 19 |
| ROCE % | 21% | 52% | 45% | 10% | 5% | 8% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Core Team (Internal Employees) Headcount Nos. |
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| Staffing (GS+IS) Deployment Headcount Nos. |
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| Total Workforce Deployed (Headcount) Nos. |
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| Apprentice (NAPS/NATS) Headcount Nos. |
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| Productivity (Total Headcount per Operations Employee) Nos. |
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| Vendor Network Nos. |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) certificate for quarter ended September 30, 2026; no physical share certificates received.
-
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- GST Authority issued 26 Sept 2026 SCN demanding Rs.103.57 crore for FY23.
-
Trading Window
- Trading window closed from October 1, 2026 until 48 hours after half-year results.
-
Shareholders meeting
- 14th AGM voting results: all five resolutions approved on 17 September 2026.
-
Shareholders meeting
- Spectrum Talent Management held its 14th AGM on September 17, 2026; all resolutions passed with requisite majority.
Annual reports
-
Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
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Annual Report 2023
from nse
Concalls
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Jun 2025PPT
-
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 2023PPT REC
Business Overview:[1]
STML is a workforce solutions company that helps organizations architect and manage the talent and operational capabilities. It delivers end-to-end workforce ecosystems spanning permanent recruitment, general and industrial staffing, IT staff augmentation, Recruitment Process Outsourcing (RPO), apprenticeship solutions, skilling, deployment, and managed HR services. The company has expertise across 30+ industries and has one of the country's largest Third-Party Apprenticeship footprints.