Team Lease Services Ltd

Team Lease Serv. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Team Lease Services Ltd

₹ 3,272 0.62%
25 Apr 4:01 p.m.
teamleasegroup.com BSE: 539658 NSE : TEAMLEASE
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.

Website BSE NSE
  • Market Cap ₹ 5,482 Cr.
  • Current Price ₹ 3,272
  • High / Low ₹ 3,600 / 2,007
  • Stock P/E 53.4
  • Book Value ₹ 424
  • Dividend Yield 0.00 %
  • ROCE 12.6 %
  • ROE 12.8 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company's median sales growth is 20.1% of last 10 years

Cons

  • Stock is trading at 7.72 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 13.1% over last 3 years.
  • Earnings include an other income of Rs.63.7 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,167 1,236 1,241 1,333 1,525 1,542 1,616 1,708 1,761 1,791 1,954 2,052 2,222
1,152 1,219 1,221 1,312 1,502 1,520 1,602 1,688 1,740 1,770 1,935 2,033 2,199
Operating Profit 15 16 20 21 23 21 14 20 22 21 19 20 23
OPM % 1% 1% 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% 1%
13 14 7 -67 7 13 14 13 12 11 18 17 18
Interest 1 1 1 1 1 1 1 1 1 2 2 2 2
Depreciation 4 3 3 5 5 5 4 5 6 7 7 8 8
Profit before tax 24 26 23 -52 25 29 23 27 26 23 28 27 30
Tax % 9% 8% 3% -1% 0% 1% -0% 4% -1% 5% 2% 6% 3%
22 24 22 -53 25 28 23 26 26 22 27 25 29
EPS in Rs 12.83 13.84 12.88 -30.95 14.58 16.66 13.63 15.14 15.18 12.90 16.35 15.11 17.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
924 1,249 1,529 2,007 2,505 2,990 3,441 4,132 4,783 4,466 5,640 6,876 8,019
946 1,259 1,519 1,985 2,479 2,960 3,390 4,059 4,709 4,402 5,555 6,799 7,936
Operating Profit -22 -10 11 22 26 30 51 73 75 64 86 77 83
OPM % -2% -1% 1% 1% 1% 1% 1% 2% 2% 1% 2% 1% 1%
10 10 9 15 15 23 24 29 44 48 -39 50 64
Interest 0 0 0 0 1 1 1 2 9 6 4 5 8
Depreciation 4 4 2 3 3 4 4 3 15 15 18 23 31
Profit before tax -15 -4 18 34 37 49 71 97 95 91 24 99 108
Tax % 0% 0% 0% 5% 35% -1% -3% 0% 56% 8% 7% 2%
-15 -4 18 32 24 50 73 97 42 84 22 97 104
EPS in Rs -29.53 -8.30 35.08 63.10 14.21 28.98 42.44 56.75 24.32 49.17 13.16 56.85 61.73
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: 13%
TTM: 21%
Compounded Profit Growth
10 Years: 47%
5 Years: 5%
3 Years: 31%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: 2%
1 Year: 53%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 17 17 17 17 17 17 17 17 17
Reserves 104 99 117 147 293 341 416 512 552 637 661 760 694
8 12 1 0 19 0 0 0 109 21 53 86 82
83 111 123 164 247 296 395 501 503 584 644 730 782
Total Liabilities 194 223 242 311 577 655 828 1,029 1,181 1,259 1,376 1,593 1,575
15 6 6 3 9 6 4 7 47 28 38 89 106
CWIP 0 0 0 4 0 0 0 3 11 14 16 15 0
Investments 2 2 2 2 2 109 202 210 287 374 374 528 362
177 214 233 302 566 539 622 809 835 843 948 961 1,106
Total Assets 194 223 242 311 577 655 828 1,029 1,181 1,259 1,376 1,593 1,575

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-38 -9 16 34 -11 30 72 -15 9 258 -37 83
-33 6 -35 -24 -118 -37 -22 5 -53 3 -59 -80
104 4 -11 -1 157 -1 -1 -2 0 -38 -14 -19
Net Cash Flow 32 2 -30 9 28 -7 48 -12 -44 223 -110 -17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 21 18 14 15 18 20 21 21 18 18 16 13
Inventory Days
Days Payable
Cash Conversion Cycle 21 18 14 15 18 20 21 21 18 18 16 13
Working Capital Days -1 0 1 -3 -0 -3 -9 -7 -4 -9 -6 -8
ROCE % -19% 2% 16% 26% 16% 14% 18% 21% 17% 14% 14% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
34.01% 32.51% 32.51% 31.51% 31.51% 31.51% 31.51% 31.51% 31.61% 31.61% 31.61% 31.61%
37.00% 37.65% 38.21% 37.43% 37.34% 37.08% 37.25% 36.47% 32.86% 30.47% 26.26% 27.01%
17.60% 17.98% 17.88% 21.19% 21.14% 21.24% 23.81% 24.85% 27.81% 30.41% 35.33% 34.06%
11.28% 11.79% 11.32% 9.79% 9.94% 10.11% 7.37% 7.12% 7.66% 7.47% 6.77% 7.29%
0.11% 0.07% 0.07% 0.07% 0.07% 0.07% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04%
No. of Shareholders 12,87517,09719,82519,38320,10120,73220,87658,53724,97922,64219,90818,325

* 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.

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