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 13.2
- Book Value ₹ 74.5
- Dividend Yield 0.00 %
- ROCE 7.57 %
- ROE 7.39 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.94 times its book value
- Promoter holding has increased by 0.84% over last quarter.
- Company's working capital requirements have reduced from 23.9 days to 18.9 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 7.26% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 323 | 302 | 483 | 768 | 1,016 | 1,270 | 1,450 | |
| 314 | 297 | 467 | 744 | 1,007 | 1,262 | 1,436 | |
| Operating Profit | 9 | 5 | 16 | 24 | 9 | 8 | 14 |
| OPM % | 3% | 2% | 3% | 3% | 1% | 1% | 1% |
| 0 | 1 | 0 | 1 | 2 | 3 | 4 | |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 1 | 2 | 3 |
| Profit before tax | 8 | 5 | 15 | 22 | 10 | 8 | 12 |
| Tax % | 19% | -5% | -0% | -25% | -16% | 11% | -6% |
| 7 | 5 | 15 | 28 | 12 | 7 | 12 | |
| EPS in Rs | 14.23 | 10.02 | 40.13 | 15.54 | 5.02 | 3.14 | 5.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 24% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | -24% |
| TTM: | 86% |
| 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
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 38 | 124 | 136 | 149 |
| 4 | 5 | 15 | 4 | 1 | 35 | 30 | |
| 22 | 26 | 26 | 37 | 53 | 55 | 78 | |
| Total Liabilities | 41 | 46 | 64 | 96 | 200 | 249 | 281 |
| 2 | 2 | 3 | 3 | 7 | 8 | 49 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 5 | 1 | 0 | 0 | 0 | 0 |
| 38 | 40 | 61 | 93 | 194 | 241 | 231 | |
| Total Assets | 41 | 46 | 64 | 96 | 200 | 249 | 281 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 6 | 5 | -7 | 9 | -5 | -67 | 68 | |
| 0 | -5 | 2 | -1 | -5 | -8 | -43 | |
| -3 | -4 | 3 | -7 | 76 | 39 | -8 | |
| Net Cash Flow | 3 | -3 | -2 | 1 | 66 | -36 | 17 |
| Free Cash Flow | 4 | 5 | -9 | 7 | -10 | -72 | 25 |
| CFO/OP | 28% | 118% | -30% | 39% | -77% | -813% | 512% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 30 | 31 | 29 | 28 | 34 | 31 |
| Inventory Days | 7 | 7 | 2 | 5 | 3 | ||
| Days Payable | 6 | 3 | 2 | 1 | 2 | ||
| Cash Conversion Cycle | 23 | 30 | 33 | 32 | 28 | 38 | 32 |
| Working Capital Days | 2 | 6 | 14 | 19 | 22 | 31 | 19 |
| ROCE % | 22% | 52% | 47% | 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