Team Lease Services Ltd
Team Lease Services provides employment related services. It provides solutions for staffing, recruitment, training, payroll processing and regulatory compliance.
Its major business segments are:
- General staffing
- Specialized staffing
- HR Services
- Market Cap ₹ 3,511 Cr.
- Current Price ₹ 2,094
- High / Low ₹ 3,586 / 1,641
- Stock P/E 36.5
- Book Value ₹ 513
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 4.09 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 31.6%
- Tax rate seems low
- Company has a low return on equity of 12.5% over last 3 years.
- Earnings include an other income of Rs.56.6 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
Sector: Miscellaneous Industry: Miscellaneous
Part of BSE SmallCap BSE Allcap Nifty Microcap 250 Nifty Total Market BSE Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,529 | 2,007 | 2,505 | 2,990 | 3,441 | 4,132 | 4,783 | 4,466 | 5,640 | 6,876 | 8,441 | 10,236 | |
1,519 | 1,985 | 2,479 | 2,960 | 3,390 | 4,059 | 4,709 | 4,402 | 5,555 | 6,799 | 8,356 | 10,147 | |
Operating Profit | 11 | 22 | 26 | 30 | 51 | 73 | 75 | 64 | 86 | 77 | 85 | 89 |
OPM % | 1% | 1% | 1% | 1% | 1% | 2% | 2% | 1% | 2% | 1% | 1% | 1% |
9 | 15 | 15 | 23 | 24 | 29 | 44 | 48 | -39 | 50 | 64 | 57 | |
Interest | 0 | 0 | 1 | 1 | 1 | 2 | 9 | 6 | 4 | 5 | 8 | 11 |
Depreciation | 2 | 3 | 3 | 4 | 4 | 3 | 15 | 15 | 18 | 23 | 32 | 37 |
Profit before tax | 18 | 34 | 37 | 49 | 71 | 97 | 95 | 91 | 24 | 99 | 109 | 97 |
Tax % | 0% | 5% | 35% | -1% | -3% | 0% | 56% | 8% | 7% | 2% | 3% | 1% |
18 | 32 | 24 | 50 | 73 | 97 | 42 | 84 | 22 | 97 | 106 | 96 | |
EPS in Rs | 35.08 | 63.10 | 14.21 | 28.98 | 42.44 | 56.75 | 24.32 | 49.17 | 13.16 | 56.85 | 63.09 | 57.31 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 18% |
5 Years: | 16% |
3 Years: | 22% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 18% |
3 Years: | 4% |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | -14% |
1 Year: | -35% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.51 | 0.51 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
Reserves | 117 | 147 | 293 | 341 | 416 | 512 | 552 | 637 | 661 | 760 | 746 | 844 |
1 | 0 | 19 | 0 | 0 | 0 | 109 | 21 | 53 | 86 | 82 | 73 | |
123 | 164 | 247 | 296 | 395 | 501 | 503 | 584 | 644 | 730 | 885 | 966 | |
Total Liabilities | 242 | 311 | 577 | 655 | 828 | 1,029 | 1,181 | 1,259 | 1,376 | 1,593 | 1,730 | 1,900 |
6 | 3 | 9 | 6 | 4 | 7 | 47 | 28 | 38 | 89 | 95 | 119 | |
CWIP | 0 | 4 | 0 | 0 | 0 | 3 | 11 | 14 | 16 | 15 | 7 | 0 |
Investments | 2 | 2 | 2 | 109 | 202 | 210 | 287 | 374 | 374 | 528 | 337 | 365 |
233 | 302 | 566 | 539 | 622 | 809 | 835 | 843 | 948 | 961 | 1,291 | 1,415 | |
Total Assets | 242 | 311 | 577 | 655 | 828 | 1,029 | 1,181 | 1,259 | 1,376 | 1,593 | 1,730 | 1,900 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
16 | 34 | -11 | 30 | 72 | -15 | 9 | 258 | -37 | 83 | 82 | 96 | |
-35 | -24 | -118 | -37 | -22 | 5 | -53 | 3 | -59 | -80 | 37 | -64 | |
-11 | -1 | 157 | -1 | -1 | -2 | 0 | -38 | -14 | -19 | -147 | -34 | |
Net Cash Flow | -30 | 9 | 28 | -7 | 48 | -12 | -44 | 223 | -110 | -17 | -28 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 14 | 15 | 18 | 20 | 21 | 21 | 18 | 18 | 16 | 13 | 13 | 12 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 14 | 15 | 18 | 20 | 21 | 21 | 18 | 18 | 16 | 13 | 13 | 12 |
Working Capital Days | 1 | -3 | -0 | -3 | -9 | -7 | -4 | -9 | -6 | -8 | -7 | 1 |
ROCE % | 16% | 26% | 16% | 14% | 18% | 21% | 17% | 14% | 14% | 13% | 13% | 12% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 12m
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Audio recording of Q4 FY25 earnings call available on TeamLease website.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - TeamLease submits Annual Secretarial Compliance Report for FY 2024-25 with no non-compliances.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Completion of terms for 3 Independent Directors; 1 director redesignated; 1 director resigned.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - HR Head resigns effective July 10, 2025; Deputy Head promoted to lead HR from June 1, 2025.
Annual reports
Concalls
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Nov 2016Transcript PPT
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May 2016TranscriptPPT
Business Segments
The company is a leading player in the recruitment industry, offering a range of solutions: [1]
1) General Staffing & Allied Services (93% in 9M FY25 vs 90% in FY22): [2] [3] The company offers staffing solutions, temporary recruitment and payroll & NETAP. The segment revenue grew by 22% YoY in 9M FY25, driven by a 16% rise in headcount. [4] [5]