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

₹ 2,476 -0.78%
07 Dec - 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 ₹ 4,149 Cr.
  • Current Price ₹ 2,476
  • High / Low ₹ 2,740 / 2,007
  • Stock P/E 38.5
  • Book Value ₹ 442
  • Dividend Yield 0.00 %
  • ROCE 13.9 %
  • ROE 14.4 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 5.60 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 13.9% over last 3 years.
  • Earnings include an other income of Rs.44.6 Cr.
  • Promoter holding has decreased over last 3 years: -8.45%

* 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

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
1,129 1,275 1,341 1,377 1,524 1,762 1,817 1,879 1,955 2,008 2,027 2,172 2,273
1,106 1,251 1,315 1,347 1,489 1,724 1,776 1,854 1,923 1,977 1,994 2,145 2,241
Operating Profit 23 24 26 30 34 38 41 25 32 32 34 26 32
OPM % 2% 2% 2% 2% 2% 2% 2% 1% 2% 2% 2% 1% 1%
8 10 9 7 -70 5 5 12 12 10 8 14 13
Interest 2 1 1 1 1 1 1 1 1 2 2 2 2
Depreciation 8 8 9 9 11 10 11 9 10 11 13 12 13
Profit before tax 21 25 25 27 -48 32 35 28 32 29 26 26 29
Tax % 11% 6% 23% -1% -3% 5% 10% 5% 2% -1% 8% 0% 6%
19 23 20 27 -49 30 32 27 32 29 24 26 28
EPS in Rs 10.89 13.38 11.06 15.83 -28.94 17.53 18.05 15.52 18.67 16.94 14.00 15.74 16.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
926 1,251 1,530 2,007 2,505 3,041 3,624 4,448 5,201 4,881 6,480 7,870 8,480
944 1,256 1,518 1,983 2,479 3,004 3,556 4,354 5,108 4,784 6,337 7,748 8,356
Operating Profit -19 -5 12 24 26 37 69 94 93 97 142 122 123
OPM % -2% -0% 1% 1% 1% 1% 2% 2% 2% 2% 2% 2% 1%
6 5 8 11 15 22 16 18 31 32 -52 41 45
Interest 0 1 0 0 1 1 2 5 12 7 4 6 8
Depreciation 4 4 2 3 3 6 9 11 29 34 41 43 49
Profit before tax -16 -4 18 33 38 52 73 96 83 89 46 115 110
Tax % 0% 0% 0% 6% 34% -12% -1% -2% 58% 11% 13% 3%
-16 -4 18 31 25 58 73 98 35 78 39 112 107
EPS in Rs -32.29 -7.24 34.95 60.23 14.51 33.67 42.97 57.34 20.46 45.33 22.48 65.12 62.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 17%
3 Years: 15%
TTM: 14%
Compounded Profit Growth
10 Years: 46%
5 Years: 8%
3 Years: 46%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: -3%
1 Year: 0%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 104 100 118 148 294 349 425 522 555 635 676 791 725
8 12 1 0 19 1 7 11 124 23 60 100 101
84 111 124 164 248 306 437 540 559 636 785 856 915
Total Liabilities 197 224 243 313 579 673 886 1,090 1,255 1,311 1,538 1,764 1,759
19 11 11 5 11 107 138 152 265 255 262 303 316
CWIP 0 0 0 4 0 0 0 6 11 15 18 17 0
Investments 0 0 0 0 0 10 59 41 25 70 53 194 28
177 213 233 303 567 556 689 890 954 971 1,204 1,250 1,414
Total Assets 197 224 243 313 579 673 886 1,090 1,255 1,311 1,538 1,764 1,759

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-40 -9 16 34 -10 36 79 -12 10 303 -6 126
-31 7 -35 -24 -119 -19 -24 2 -47 -12 -88 -123
104 4 -11 -1 157 -23 -13 -6 -0 -44 -13 -24
Net Cash Flow 33 1 -30 9 28 -6 42 -17 -38 247 -108 -21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 21 23 22 21 21 21 18
Inventory Days
Days Payable
Cash Conversion Cycle 21 18 14 15 18 21 23 22 21 21 21 18
Working Capital Days -2 -0 1 -3 -0 -2 -8 -4 -1 -4 -0 -3
ROCE % -20% 3% 16% 24% 16% 15% 18% 20% 15% 14% 16% 14%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
34.01% 34.01% 34.01% 32.51% 32.51% 31.51% 31.51% 31.51% 31.51% 31.51% 31.61% 31.61%
38.26% 37.83% 37.00% 37.65% 38.21% 37.43% 37.34% 37.08% 37.25% 36.47% 32.86% 30.47%
17.14% 17.02% 17.60% 17.98% 17.88% 21.19% 21.14% 21.24% 23.81% 24.85% 27.81% 30.41%
10.48% 11.03% 11.28% 11.79% 11.32% 9.79% 9.94% 10.11% 7.37% 7.12% 7.66% 7.47%
0.11% 0.11% 0.11% 0.07% 0.07% 0.07% 0.07% 0.07% 0.05% 0.05% 0.05% 0.04%
No. of Shareholders 10,94013,97212,87517,09719,82519,38320,10120,73220,87658,53724,97922,642

* 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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