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 ₹ 1,571 Cr.
- Current Price ₹ 1,032
- High / Low ₹ 1,873 / 985
- Stock P/E 16.3
- Book Value ₹ 490
- Dividend Yield 0.00 %
- ROCE 11.5 %
- ROE 11.3 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 33.3%
- Tax rate seems low
- Company has a low return on equity of 11.7% over last 3 years.
- Earnings include an other income of Rs.74.9 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 BSE Services BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,007 | 2,505 | 2,990 | 3,441 | 4,132 | 4,783 | 4,466 | 5,640 | 6,876 | 8,441 | 10,236 | 10,736 | 10,849 | |
| Sales growth | +31% | +25% | +19% | +15% | +20% | +16% | -7% | +26% | +22% | +23% | +21% | +5% | +2% |
| 1,985 | 2,479 | 2,960 | 3,390 | 4,059 | 4,709 | 4,402 | 5,555 | 6,799 | 8,356 | 10,147 | 10,654 | 10,783 | |
| Operating Profit | 22 | 26 | 30 | 51 | 73 | 75 | 64 | 86 | 77 | 85 | 89 | 82 | 66 |
| OPM % | 1.1% | 1.0% | 1.0% | 1.5% | 1.8% | 1.6% | 1.4% | 1.5% | 1.1% | 1.0% | 0.9% | 0.8% | 0.6% |
| 15 | 15 | 23 | 24 | 29 | 44 | 48 | -39 | 50 | 64 | 57 | 65 | 75 | |
| Interest | 0 | 1 | 1 | 1 | 2 | 9 | 6 | 4 | 5 | 8 | 11 | 9 | 9 |
| Depreciation | 3 | 3 | 4 | 4 | 3 | 15 | 15 | 18 | 23 | 32 | 37 | 40 | 42 |
| Profit before tax | 34 | 37 | 49 | 71 | 97 | 95 | 91 | 24 | 99 | 109 | 97 | 98 | 90 |
| Tax % | 5% | 35% | -1% | -3% | 0% | 56% | 8% | 7% | 2% | 3% | 1% | 1% | |
| 32 | 24 | 50 | 73 | 97 | 42 | 84 | 22 | 97 | 106 | 96 | 97 | 87 | |
| EPS in Rs | 21.08 | 14.21 | 28.98 | 42.44 | 56.75 | 24.32 | 49.17 | 13.16 | 56.85 | 63.09 | 57.31 | 57.98 | 52.82 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 19% |
| 3 Years: | 16% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 4% |
| 3 Years: | 3% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -26% |
| 3 Years: | -25% |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.51 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 15 |
| Reserves | 147 | 293 | 341 | 416 | 512 | 552 | 637 | 661 | 760 | 746 | 844 | 937 | 733 |
| -0 | 19 | -0 | -0 | 0 | 109 | 21 | 53 | 86 | 82 | 73 | 76 | 72 | |
| 164 | 247 | 296 | 395 | 501 | 503 | 584 | 644 | 730 | 885 | 966 | 1,454 | 1,611 | |
| Total Liabilities | 311 | 577 | 655 | 828 | 1,029 | 1,181 | 1,259 | 1,376 | 1,593 | 1,730 | 1,900 | 2,484 | 2,431 |
| 3 | 9 | 6 | 4 | 7 | 47 | 28 | 38 | 89 | 95 | 90 | 124 | 129 | |
| CWIP | 4 | -0 | -0 | 0 | 3 | 11 | 14 | 16 | 15 | 7 | 29 | 11 | -0 |
| Investments | 2 | 2 | 109 | 202 | 210 | 287 | 374 | 374 | 528 | 337 | 365 | 498 | 382 |
| 302 | 566 | 539 | 622 | 809 | 835 | 843 | 948 | 961 | 1,291 | 1,415 | 1,850 | 1,921 | |
| Total Assets | 311 | 577 | 655 | 828 | 1,029 | 1,181 | 1,259 | 1,376 | 1,593 | 1,730 | 1,900 | 2,484 | 2,431 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | -11 | 30 | 72 | -15 | 9 | 258 | -37 | 83 | 82 | 96 | 259 | |
| -24 | -118 | -37 | -22 | 5 | -53 | 3 | -59 | -80 | 37 | -64 | -149 | |
| -1 | 157 | -1 | -1 | -2 | 0 | -38 | -14 | -19 | -147 | -34 | -33 | |
| Net Cash Flow | 9 | 28 | -7 | 48 | -12 | -44 | 223 | -110 | -17 | -28 | -1 | 76 |
| Free Cash Flow | 30 | -16 | 29 | 70 | -24 | -5 | 251 | -46 | 68 | 68 | 73 | 235 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 147% | 59% | 153% | 231% | 78% | 100% | 221% | 14% | 215% | 141% | 108% | 167% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 18 | 20 | 21 | 21 | 18 | 18 | 16 | 13 | 13 | 12 | 12 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 15 | 18 | 20 | 21 | 21 | 18 | 18 | 16 | 13 | 13 | 12 | 12 |
| Working Capital Days | -3 | -3 | -3 | -9 | -7 | -10 | -10 | -8 | -10 | -6 | -0 | -1 |
| ROCE % | 26% | 16% | 14% | 18% | 21% | 17% | 14% | 14% | 13% | 13% | 12% | 11% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FTE Productivity - Staffing and DA (associates per FTE) ratio |
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| Staffing and DA Core Employees (FTE) count |
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| Total Headcount (Associates/Trainees) count |
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| Degree Apprenticeship (NETAP) Trainee Headcount count |
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| General Staffing Associates Headcount count |
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| Specialized Staffing Headcount count |
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| General Staffing PAPM (realisation per associate per month) INR |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
- Postal ballot ended November 6, 2026; ESOS 2026 and subsidiary grants were not approved.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of TeamLease Q2 FY27 earnings call hosted on November 05, 2026 is now available.
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Teamlease: Change In Hearing Date In Respect Of
Writ Petition Filed On June 12, 2026, Before The Hon'Ble High Court Of Karnataka
- Karnataka High Court hearing on TeamLease GST writ moved to 25 November 2026.
-
Teamlease: Intimation On Extension Received
For Filing Reply To The Show Cause Notice Received From The Department Of Commercial Taxes, Government Of Karnataka Under Section 73(1) Of The Karnataka Goods And Services
Tax Act, 2017 ('KGST Act') And The Central Goods And Services Tax Act, 2017 ('CGST Act') For FY 2022-23
- TeamLease got extension until Nov 24, 2026 to reply to GST SCN involving Rs 52.76 crore demand.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
from bse
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Annual Report 2016
from bse
Concalls
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Nov 2026PPT REC
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Jul 2024PPT
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT REC
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Nov 2022Transcript PPT
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Nov 2022PPT
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Nov 2021PPT
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Sep 2021Transcript
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Oct 2018PPT
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Oct 2018Transcript PPT
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Jul 2018Transcript PPT
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May 2018PPT
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Feb 2017Transcript PPT
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Nov 2016PPT
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Nov 2016Transcript PPT
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May 2016Transcript
Business Segments[1][2]
1) General Staffing & Allied Services (~92% of FY26 Operating Revenue):
The company offers staffing solutions, temporary recruitment, payroll, and NETAP.