Team Lease Services Ltd

Team Lease Services Ltd

₹ 1,373 -2.82%
21 May - close price
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

Business Segments[1][2]
1) General Staffing & Allied Services (~92% of FY26 Operating Revenue):
The company offers staffing solutions, temporary recruitment, payroll, and NETAP.

  • Market Cap 2,302 Cr.
  • Current Price 1,373
  • High / Low 2,499 / 1,063
  • Stock P/E 21.6
  • Book Value 569
  • Dividend Yield 0.00 %
  • ROCE 11.9 %
  • ROE 11.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 31.1%
  • Tax rate seems low
  • Company has a low return on equity of 11.9% over last 3 years.
  • Earnings include an other income of Rs.65.4 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,791 1,954 2,052 2,222 2,212 2,383 2,576 2,686 2,592 2,640 2,750 2,720 2,625
1,770 1,935 2,033 2,199 2,189 2,362 2,554 2,661 2,570 2,617 2,728 2,700 2,609
Operating Profit 21 19 20 23 23 21 22 25 21 24 22 20 16
OPM % 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1%
11 18 17 18 11 17 13 13 13 13 12 21 20
Interest 2 2 2 2 2 2 4 2 3 2 3 2 2
Depreciation 7 7 8 8 8 9 9 9 10 9 10 10 11
Profit before tax 23 28 27 30 24 27 22 26 22 25 21 29 23
Tax % 5% 2% 6% 3% -0% -0% 1% -0% 5% -1% -0% -1% 6%
22 27 25 29 24 27 22 26 21 25 21 30 22
EPS in Rs 12.90 16.35 15.11 17.37 14.27 15.91 13.27 15.64 12.49 14.80 12.59 17.78 12.82
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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
2,007 2,505 2,990 3,441 4,132 4,783 4,466 5,640 6,876 8,441 10,236 10,736
1,985 2,479 2,960 3,390 4,059 4,709 4,402 5,555 6,799 8,356 10,147 10,654
Operating Profit 22 26 30 51 73 75 64 86 77 85 89 82
OPM % 1% 1% 1% 1% 2% 2% 1% 2% 1% 1% 1% 1%
15 15 23 24 29 44 48 -39 50 64 57 65
Interest 0 1 1 1 2 9 6 4 5 8 11 9
Depreciation 3 3 4 4 3 15 15 18 23 32 37 40
Profit before tax 34 37 49 71 97 95 91 24 99 109 97 98
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
EPS in Rs 63.10 14.21 28.98 42.44 56.75 24.32 49.17 13.16 56.85 63.09 57.31 57.98
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: 5%
Compounded Profit Growth
10 Years: 16%
5 Years: 5%
3 Years: 4%
TTM: 17%
Stock Price CAGR
10 Years: 4%
5 Years: -16%
3 Years: -15%
1 Year: -34%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 12%
Last Year: 12%

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
Equity Capital 0.51 17 17 17 17 17 17 17 17 17 17 17
Reserves 147 293 341 416 512 552 637 661 760 746 844 937
0 19 0 0 0 109 21 53 86 82 73 76
164 247 296 395 501 503 584 644 730 885 966 1,454
Total Liabilities 311 577 655 828 1,029 1,181 1,259 1,376 1,593 1,730 1,900 2,484
3 9 6 4 7 47 28 38 89 95 90 136
CWIP 4 0 0 0 3 11 14 16 15 7 29 0
Investments 2 2 109 202 210 287 374 374 528 337 365 498
302 566 539 622 809 835 843 948 961 1,291 1,415 1,850
Total Assets 311 577 655 828 1,029 1,181 1,259 1,376 1,593 1,730 1,900 2,484

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/OP 147% 59% 153% 231% 78% 100% 221% 14% 215% 141% 108% 167%

Ratios

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
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 3
ROCE % 26% 16% 14% 18% 21% 17% 14% 14% 13% 13% 12% 12%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Clients
Count

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General Staffing Associate Headcount
Number
Degree Apprenticeship (NETAP) Headcount
Number
Specialized Staffing Headcount
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61% 31.11% 31.11% 31.11%
32.86% 30.47% 26.26% 27.01% 28.72% 24.72% 21.86% 11.01% 7.69% 6.68% 6.35% 6.76%
27.81% 30.41% 35.33% 34.06% 31.81% 34.61% 37.11% 47.65% 50.25% 50.72% 49.84% 49.60%
7.66% 7.47% 6.77% 7.29% 7.84% 9.04% 9.38% 9.69% 10.41% 11.46% 12.68% 12.50%
0.05% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.03% 0.03% 0.03%
No. of Shareholders 24,97922,64219,90818,32518,79821,24223,26424,23626,30327,61929,27627,149

* 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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