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 ₹ 162 Cr.
- Current Price ₹ 70.0
- High / Low ₹ 138 / 50.8
- Stock P/E 13.3
- Book Value ₹ 73.5
- Dividend Yield 0.00 %
- ROCE 7.62 %
- ROE 7.45 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.95 times its book value
- Promoter holding has increased by 0.84% over last quarter.
- 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 7.12% over last 3 years.
* 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 % | 3% | 2% | 3% | 3% | 1% | 1% | 1% |
| 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 | 14.36 | 9.52 | 39.84 | 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: | 95% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -44% |
| 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 | 49 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| 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/OP | 102% | 81% | -24% | 37% | -95% | -854% | 511% |
Ratios
Standalone Figures in Rs. Crores / 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 | |
|---|---|---|---|---|---|
| Core Team Size (Internal Employees) Number |
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| Total Workforce Deployed (Total Headcount) Number |
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| Apprentice Deployment (NAPS/NATS) Number |
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| Active Client Base (Logos) Number |
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| Vendor Network Number |
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| Productivity (Resources managed per internal core person) Ratio |
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Extracted by Screener AI
Documents
Announcements
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Disclosure under SEBI Takeover Regulations
5 June 2026 - Yearly promoter and promoter group disclosure filed for 31 March 2026 under SEBI Regulations 31(4) and 31(5).
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Copy of Newspaper Publication
2 June 2026 - Published newspaper advertisement for Postal Ballot notice dated May 27, 2026 and remote e-voting details.
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Shareholders meeting
1 June 2026 - Postal ballot on main board migration, 500 Cr borrowing limit, and charge creation; e-voting June 3-July 2, 2026.
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Statement of deviation(s) or variation(s) under Reg. 32
27 May 2026 - Filed deviation statement for Rs 6.18 crore preferential issue; no variation reported for half year ended March 31, 2026.
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Appointment
27 May 2026 - Board approved FY26 audited results, new Company Secretary, ₹500 crore borrowing limits, and NSE/BSE main board migration.
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 2023TranscriptPPTREC
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Jul 2023TranscriptPPT 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