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

₹ 2,211 0.28%
29 Mar - close price
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

Large Opportunity Size
Global staffing industry is projected to grow by 3% YoY to reach $514 billion [1]. The staffing market in India currently stands at $6 billion and is growing at 15% [2]. Currently, TeamLease has only 6% market share [3].

Website BSE NSE
  • Market Cap ₹ 3,787 Cr.
  • Current Price ₹ 2,211
  • High / Low ₹ 4,388 / 2,172
  • Stock P/E 32.3
  • Book Value ₹ 441
  • Dividend Yield 0.00 %
  • ROCE 16.6 %
  • ROE 14.8 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 22.3% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 31.5%
  • Tax rate seems low
  • Company has a low return on equity of 11.6% over last 3 years.
  • Promoter holding has decreased over last 3 years: -8.59%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,351 1,330 1,136 1,129 1,275 1,341 1,377 1,524 1,762 1,817 1,879 1,955 2,008
1,324 1,311 1,112 1,106 1,251 1,315 1,347 1,489 1,724 1,776 1,854 1,923 1,977
Operating Profit 27 20 24 23 24 26 30 34 38 41 25 32 32
OPM % 2% 1% 2% 2% 2% 2% 2% 2% 2% 2% 1% 2% 2%
7 15 4 8 10 9 7 -70 5 5 12 12 10
Interest 3 4 3 2 1 1 1 1 1 1 1 1 2
Depreciation 8 8 8 8 8 9 9 11 10 11 9 10 11
Profit before tax 24 22 18 21 25 25 27 -48 32 35 28 32 29
Tax % -7% 232% 3% 11% 6% 23% -1% -3% 5% 10% 5% 2% -1%
Net Profit 25 -29 17 19 23 20 27 -49 30 32 27 32 29
EPS in Rs 14.89 -17.21 10.00 10.89 13.38 11.06 15.83 -28.94 17.53 18.05 15.52 18.67 16.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
687 926 1,251 1,530 2,007 2,505 3,041 3,624 4,448 5,201 4,881 6,480 7,660
731 944 1,256 1,518 1,983 2,479 3,004 3,556 4,354 5,108 4,784 6,337 7,530
Operating Profit -44 -19 -5 12 24 26 37 69 94 93 97 142 130
OPM % -6% -2% -0% 1% 1% 1% 1% 2% 2% 2% 2% 2% 2%
11 6 5 8 11 15 22 16 18 31 32 -52 39
Interest 0 0 1 0 0 1 1 2 5 12 7 4 4
Depreciation 7 4 4 2 3 3 6 9 11 29 34 41 41
Profit before tax -39 -16 -4 18 33 38 52 73 96 83 89 46 124
Tax % 0% 0% 0% 0% 6% 34% -12% -1% -2% 58% 11% 13%
Net Profit -39 -16 -4 18 31 25 58 73 98 35 78 39 119
EPS in Rs -99.35 -32.29 -7.24 34.95 60.23 14.51 33.67 42.97 57.34 20.46 45.33 22.48 69.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 21%
5 Years: 16%
3 Years: 13%
TTM: 28%
Compounded Profit Growth
10 Years: 24%
5 Years: 12%
3 Years: 0%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 13%
1 Year: -48%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 12%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
0 1 1 1 1 17 17 17 17 17 17 17 17
Reserves 21 104 100 118 148 294 349 425 522 555 635 676 737
3 8 12 1 0 19 1 7 11 124 23 60 88
72 84 111 124 164 248 306 437 540 559 636 785 912
Total Liabilities 97 197 224 243 313 579 673 886 1,090 1,255 1,311 1,538 1,754
21 19 11 11 5 11 107 138 152 265 255 262 315
CWIP 0 0 0 0 4 0 0 0 6 11 15 18 0
Investments 0 0 0 0 0 0 10 59 41 25 70 53 129
75 177 213 233 303 567 556 689 890 954 971 1,204 1,310
Total Assets 97 197 224 243 313 579 673 886 1,090 1,255 1,311 1,538 1,754

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-40 -9 16 34 -10 36 79 -12 10 303 -6
-31 7 -35 -24 -119 -19 -24 2 -47 -12 -88
104 4 -11 -1 157 -23 -13 -6 -0 -44 -13
Net Cash Flow 33 1 -30 9 28 -6 42 -17 -38 247 -108

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 18 21 18 14 15 18 21 23 22 21 21 21
Inventory Days
Days Payable
Cash Conversion Cycle 18 21 18 14 15 18 21 23 22 21 21 21
Working Capital Days -11 -2 -0 1 -3 -0 -2 -8 -4 -1 -4 -0
ROCE % -20% 3% 16% 24% 16% 15% 18% 20% 15% 14% 17%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
40.02 40.02 40.02 34.01 34.01 34.01 32.51 32.51 31.51 31.51 31.51 31.51
40.78 39.89 37.36 38.26 37.83 37.00 37.65 38.21 37.43 37.34 37.08 37.25
10.50 14.47 16.97 17.14 17.02 17.60 17.98 17.88 21.19 21.14 21.24 23.81
8.52 5.52 5.54 10.48 11.03 11.28 11.79 11.32 9.79 9.94 10.11 7.37
0.18 0.11 0.11 0.11 0.11 0.11 0.07 0.07 0.07 0.07 0.07 0.05

* 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.

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