Team Lease Services Ltd

Team Lease Services Ltd

₹ 2,840 -0.77%
16 Jul 11:19 a.m.
About

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

Key Points

Overview[1]
TeamLease Services is one of India’s leading HR company. TeamLease also operates India’s first Vocational University and India’s fastest growing PPP Degree Apprenticeship Program. In FY15, company rolled out DA (Degree Apprenticeship ) to provide on-the-job training to apprentices.

  • Market Cap 4,762 Cr.
  • Current Price 2,840
  • High / Low 3,700 / 2,172
  • Stock P/E 46.5
  • Book Value 455
  • Dividend Yield 0.00 %
  • ROCE 13.3 %
  • ROE 13.3 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 6.26 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 13.0% over last 3 years.
  • Earnings include an other income of Rs.63.8 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

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,236 1,241 1,333 1,525 1,542 1,616 1,708 1,761 1,791 1,954 2,052 2,222 2,212
1,219 1,221 1,312 1,502 1,520 1,602 1,688 1,740 1,770 1,935 2,033 2,199 2,189
Operating Profit 16 20 21 23 21 14 20 22 21 19 20 23 23
OPM % 1% 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% 1% 1%
14 7 -67 7 13 14 13 12 11 18 17 18 11
Interest 1 1 1 1 1 1 1 1 2 2 2 2 2
Depreciation 3 3 5 5 5 4 5 6 7 7 8 8 8
Profit before tax 26 23 -52 25 29 23 27 26 23 28 27 30 24
Tax % 8% 3% -1% 0% 1% -0% 4% -1% 5% 2% 6% 3% -0%
24 22 -53 25 28 23 26 26 22 27 25 29 24
EPS in Rs 13.84 12.88 -30.95 14.58 16.66 13.63 15.14 15.18 12.90 16.35 15.11 17.37 14.27
Raw PDF
Upcoming result date: 31 July 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,249 1,529 2,007 2,505 2,990 3,441 4,132 4,783 4,466 5,640 6,876 8,441
1,259 1,519 1,985 2,479 2,960 3,390 4,059 4,709 4,402 5,555 6,799 8,356
Operating Profit -10 11 22 26 30 51 73 75 64 86 77 85
OPM % -1% 1% 1% 1% 1% 1% 2% 2% 1% 2% 1% 1%
10 9 15 15 23 24 29 44 48 -39 50 64
Interest 0 0 0 1 1 1 2 9 6 4 5 8
Depreciation 4 2 3 3 4 4 3 15 15 18 23 32
Profit before tax -4 18 34 37 49 71 97 95 91 24 99 109
Tax % 0% 0% 5% 35% -1% -3% 0% 56% 8% 7% 2% 3%
-4 18 32 24 50 73 97 42 84 22 97 106
EPS in Rs -8.30 35.08 63.10 14.21 28.98 42.44 56.75 24.32 49.17 13.16 56.85 63.09
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 15%
3 Years: 24%
TTM: 23%
Compounded Profit Growth
10 Years: 19%
5 Years: 1%
3 Years: 7%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: -1%
3 Years: -9%
1 Year: 17%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 1 17 17 17 17 17 17 17 17 17
Reserves 99 117 147 293 341 416 512 552 637 661 760 746
12 1 0 19 0 0 0 109 21 53 86 82
111 123 164 247 296 395 501 503 584 644 730 885
Total Liabilities 223 242 311 577 655 828 1,029 1,181 1,259 1,376 1,593 1,730
6 6 3 9 6 4 7 47 28 38 89 102
CWIP 0 0 4 0 0 0 3 11 14 16 15 0
Investments 2 2 2 2 109 202 210 287 374 374 528 337
214 233 302 566 539 622 809 835 843 948 961 1,291
Total Assets 223 242 311 577 655 828 1,029 1,181 1,259 1,376 1,593 1,730

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-9 16 34 -11 30 72 -15 9 258 -37 83 82
6 -35 -24 -118 -37 -22 5 -53 3 -59 -80 37
4 -11 -1 157 -1 -1 -2 0 -38 -14 -19 -147
Net Cash Flow 2 -30 9 28 -7 48 -12 -44 223 -110 -17 -28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18 14 15 18 20 21 21 18 18 16 13 13
Inventory Days
Days Payable
Cash Conversion Cycle 18 14 15 18 20 21 21 18 18 16 13 13
Working Capital Days 0 1 -3 -0 -3 -9 -7 -4 -9 -6 -8 -7
ROCE % 2% 16% 26% 16% 14% 18% 21% 17% 14% 14% 13% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
32.51% 32.51% 31.51% 31.51% 31.51% 31.51% 31.51% 31.61% 31.61% 31.61% 31.61% 31.61%
37.65% 38.21% 37.43% 37.34% 37.08% 37.25% 36.47% 32.86% 30.47% 26.26% 27.01% 28.72%
17.98% 17.88% 21.19% 21.14% 21.24% 23.81% 24.85% 27.81% 30.41% 35.33% 34.06% 31.81%
11.79% 11.32% 9.79% 9.94% 10.11% 7.37% 7.12% 7.66% 7.47% 6.77% 7.29% 7.84%
0.07% 0.07% 0.07% 0.07% 0.07% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04%
No. of Shareholders 17,09719,82519,38320,10120,73220,87658,53724,97922,64219,90818,32518,798

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls