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

₹ 2,811 -1.35%
13 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

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 ₹ 4,729 Cr.
  • Current Price ₹ 2,811
  • High / Low ₹ 3,700 / 2,540
  • Stock P/E 47.7
  • Book Value ₹ 503
  • Dividend Yield 0.00 %
  • ROCE 13.1 %
  • ROE 13.0 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 21.4% of last 10 years

Cons

  • Stock is trading at 5.58 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.47.4 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.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

Part of Nifty Microcap 250 Nifty Total Market BSE Services BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,524 1,762 1,817 1,879 1,955 2,008 2,027 2,172 2,273 2,445 2,432 2,580 2,797
1,489 1,724 1,776 1,854 1,923 1,977 1,994 2,145 2,241 2,409 2,395 2,558 2,763
Operating Profit 34 38 41 25 32 32 34 26 32 36 37 22 33
OPM % 2% 2% 2% 1% 2% 2% 2% 1% 1% 1% 2% 1% 1%
-70 5 5 12 12 10 8 14 13 14 9 14 11
Interest 1 1 1 1 1 2 2 2 2 3 3 3 4
Depreciation 11 10 11 9 10 11 13 12 13 14 14 13 14
Profit before tax -48 32 35 28 32 29 26 26 29 33 30 20 26
Tax % 3% 5% 10% 5% 2% -1% 8% 0% 6% 6% 5% 4% 4%
-49 30 32 27 32 29 24 26 28 31 28 19 25
EPS in Rs -28.94 17.53 18.05 15.52 18.67 16.94 14.00 15.74 16.26 18.49 16.39 12.40 14.66
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,251 1,530 2,007 2,505 3,041 3,624 4,448 5,201 4,881 6,480 7,870 9,322 10,254
1,256 1,518 1,983 2,479 3,004 3,556 4,354 5,108 4,784 6,337 7,748 9,191 10,126
Operating Profit -5 12 24 26 37 69 94 93 97 142 122 131 128
OPM % -0% 1% 1% 1% 1% 2% 2% 2% 2% 2% 2% 1% 1%
5 8 11 15 22 16 18 31 32 -52 41 50 47
Interest 1 0 0 1 1 2 5 12 7 4 6 10 13
Depreciation 4 2 3 3 6 9 11 29 34 41 43 53 54
Profit before tax -4 18 33 38 52 73 96 83 89 46 115 118 109
Tax % 0% 0% 6% 34% -12% -1% -2% 58% 11% 13% 3% 4%
-4 18 31 25 58 73 98 35 78 39 112 113 103
EPS in Rs -7.24 34.95 60.23 14.51 33.67 42.97 57.34 20.46 45.33 22.48 65.12 66.88 61.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 16%
3 Years: 24%
TTM: 21%
Compounded Profit Growth
10 Years: 19%
5 Years: 1%
3 Years: 10%
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: -12%
1 Year: 9%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 14%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.51 0.51 0.51 17 17 17 17 17 17 17 17 17 17
Reserves 100 118 148 294 349 425 522 555 635 676 791 781 828
12 1 0 19 1 7 11 124 23 60 100 105 129
111 124 164 248 306 437 540 559 636 785 856 1,032 1,248
Total Liabilities 224 243 313 579 673 886 1,090 1,255 1,311 1,538 1,764 1,935 2,221
11 11 5 11 107 138 152 265 255 262 303 293 317
CWIP 0 0 4 0 0 0 6 11 15 18 17 11 0
Investments 0 0 0 0 10 59 41 25 70 53 194 3 140
213 233 303 567 556 689 890 954 971 1,204 1,250 1,628 1,764
Total Assets 224 243 313 579 673 886 1,090 1,255 1,311 1,538 1,764 1,935 2,221

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-9 16 34 -10 36 79 -12 10 303 -6 126 118
7 -35 -24 -119 -19 -24 2 -47 -12 -88 -123 41
4 -11 -1 157 -23 -13 -6 -0 -44 -13 -24 -151
Net Cash Flow 1 -30 9 28 -6 42 -17 -38 247 -108 -21 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18 14 15 18 21 23 22 21 21 21 18 18
Inventory Days
Days Payable
Cash Conversion Cycle 18 14 15 18 21 23 22 21 21 21 18 18
Working Capital Days -0 1 -3 -0 -2 -8 -4 -1 -4 -0 -3 -3
ROCE % 3% 16% 24% 16% 15% 18% 20% 15% 14% 16% 14% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
32.51% 31.51% 31.51% 31.51% 31.51% 31.51% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61%
38.21% 37.43% 37.34% 37.08% 37.25% 36.47% 32.86% 30.47% 26.26% 27.01% 28.72% 24.72%
17.88% 21.19% 21.14% 21.24% 23.81% 24.85% 27.81% 30.41% 35.33% 34.06% 31.81% 34.61%
11.32% 9.79% 9.94% 10.11% 7.37% 7.12% 7.66% 7.47% 6.77% 7.29% 7.84% 9.04%
0.07% 0.07% 0.07% 0.07% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04%
No. of Shareholders 19,82519,38320,10120,73220,87658,53724,97922,64219,90818,32518,79821,242

* 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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