Team Lease Services Ltd

Team Lease Services is provides to its clients, solution for their staffing and HR requirements offering a gamut of services that include Temporary Staffing, Permanent Recruitment, Payroll Process Outsourcing, Regulatory Compliance Services, Vocational Tr

Pros:
Company is virtually debt free.
Company has good consistent profit growth of 40.56% over 5 years
Cons:
Stock is trading at 9.74 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter's stake has decreased
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Miscellaneous // Industry: Miscellaneous

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
722 814 817 853 876 918 977 1,021 1,091 1,172 1,163 1,251
715 802 805 840 860 900 955 1,001 1,067 1,148 1,138 1,229
Operating Profit 7 12 12 13 15 18 22 20 24 25 26 23
OPM % 1% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
Other Income 7 4 5 6 4 4 1 5 4 4 5 3
Interest 0 0 0 0 0 1 1 1 1 1 1 3
Depreciation 1 2 2 2 2 2 3 3 3 2 2 6
Profit before tax 13 14 15 17 17 19 20 22 24 24 27 17
Tax % 32% 34% -127% 1% -1% 3% -8% -1% -5% -4% 3% -9%
Net Profit 9 9 33 16 17 18 21 22 25 25 26 19
EPS in Rs 5.15 5.39 19.39 9.60 10.19 10.76 12.41 12.76 14.58 14.77 15.22 10.99
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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 TTM
687 926 1,251 1,530 2,007 2,505 3,041 3,624 4,448 4,678
731 944 1,256 1,518 1,983 2,479 3,004 3,556 4,354 4,581
Operating Profit -44 -19 -5 12 24 26 37 69 94 97
OPM % -6% -2% -0% 1% 1% 1% 1% 2% 2% 2%
Other Income 11 6 5 8 11 15 22 16 18 16
Interest 0 0 1 0 0 1 1 2 5 7
Depreciation 7 4 4 2 3 3 6 9 11 14
Profit before tax -39 -16 -4 18 33 38 52 73 96 92
Tax % -0% -0% -0% 0% 6% 34% -12% -1% -2%
Net Profit -39 -16 -4 18 31 25 58 73 98 95
EPS in Rs 14.51 33.67 42.96 57.34 55.56
Dividend Payout % -0% -0% -0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:23.80%
3 Years:21.09%
TTM:23.34%
Compounded Profit Growth
10 Years:%
5 Years:40.56%
3 Years:58.10%
TTM:20.47%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:44.51%
1 Year:27.31%
Return on Equity
10 Years:%
5 Years:17.82%
3 Years:18.57%
Last Year:19.98%

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
0 1 1 1 1 17 17 17 17
Reserves 21 104 100 118 148 294 349 425 522
Borrowings 3 8 12 1 0 19 1 7 11
72 84 111 124 164 248 310 437 540
Total Liabilities 97 197 224 243 313 579 678 886 1,090
21 19 11 11 5 11 107 138 152
CWIP 0 0 0 0 4 0 0 0 6
Investments 0 0 0 0 0 0 10 59 41
75 177 213 233 303 567 560 689 890
Total Assets 97 197 224 243 313 579 678 886 1,090

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
-40 -9 16 34 -10 36 79 -12
-31 7 -35 -24 -119 -19 -24 2
104 4 -11 -1 157 -23 -13 -6
Net Cash Flow 33 1 -30 9 28 -6 42 -17

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
ROCE % -20% 3% 16% 24% 16% 15% 18% 20%
Debtor Days 18 21 18 14 15 18 21 23 22
Inventory Turnover 774.75 1,761.59 3,922.18 8,540.72 11,132.98 26,446.00