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 15.9
  • Book Value 622
  • Dividend Yield 0.00 %
  • ROCE 15.4 %
  • ROE 14.8 %
  • Face Value 10.0

Pros

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 13.4% over last 3 years.
  • Earnings include an other income of Rs.64.0 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
2,027 2,172 2,273 2,445 2,432 2,580 2,797 2,921 2,858 2,891 3,032 2,990 2,925
1,994 2,145 2,241 2,409 2,395 2,558 2,763 2,886 2,810 2,861 2,994 2,948 2,879
Operating Profit 34 26 32 36 37 22 33 35 47 31 38 42 46
OPM % 2% 1% 1% 1% 2% 1% 1% 1% 2% 1% 1% 1% 2%
8 14 13 14 9 14 11 10 10 13 9 18 24
Interest 2 2 2 3 3 3 4 3 4 4 4 3 3
Depreciation 13 12 13 14 14 13 14 13 13 14 14 14 15
Profit before tax 26 26 29 33 30 20 26 29 40 26 29 43 52
Tax % 8% 0% 6% 6% 5% 4% 4% 1% 5% 5% 4% 2% 11%
24 26 28 31 28 19 25 28 38 25 28 42 46
EPS in Rs 14.00 15.74 16.26 18.49 16.39 12.40 14.66 16.95 20.85 15.83 16.41 24.88 26.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 3,041 3,624 4,448 5,201 4,881 6,480 7,870 9,322 11,156 11,791
1,983 2,479 3,004 3,556 4,354 5,108 4,784 6,337 7,748 9,191 11,018 11,634
Operating Profit 24 26 37 69 94 93 97 142 122 131 138 157
OPM % 1% 1% 1% 2% 2% 2% 2% 2% 2% 1% 1% 1%
11 15 22 16 18 31 32 -52 41 50 45 64
Interest 0 1 1 2 5 12 7 4 6 10 15 14
Depreciation 3 3 6 9 11 29 34 41 43 53 54 56
Profit before tax 33 38 52 73 96 83 89 46 115 118 114 150
Tax % 6% 34% -12% -1% -2% 58% 11% 13% 3% 4% 4% 6%
31 25 58 73 98 35 78 39 112 113 110 141
EPS in Rs 60.23 14.51 33.67 42.97 57.34 20.46 45.33 22.48 65.12 66.88 64.86 83.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 19%
3 Years: 14%
TTM: 6%
Compounded Profit Growth
10 Years: 19%
5 Years: 13%
3 Years: 10%
TTM: 39%
Stock Price CAGR
10 Years: 4%
5 Years: -16%
3 Years: -15%
1 Year: -34%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 13%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 148 294 349 425 522 555 635 676 791 781 890 1,027
0 19 1 7 11 124 23 60 100 105 118 116
164 248 306 437 540 559 636 785 856 1,032 1,120 1,641
Total Liabilities 313 579 673 886 1,090 1,255 1,311 1,538 1,764 1,935 2,144 2,800
5 11 107 138 152 265 255 262 303 293 311 353
CWIP 4 0 0 0 6 11 15 18 17 11 34 0
Investments 0 0 10 59 41 25 70 53 194 3 76 203
303 567 556 689 890 954 971 1,204 1,250 1,628 1,725 2,244
Total Assets 313 579 673 886 1,090 1,255 1,311 1,538 1,764 1,935 2,144 2,800

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 -10 36 79 -12 10 303 -6 126 118 104 302
-24 -119 -19 -24 2 -47 -12 -88 -123 41 -147 -175
-1 157 -23 -13 -6 -0 -44 -13 -24 -151 -35 -42
Net Cash Flow 9 28 -6 42 -17 -38 247 -108 -21 7 -78 84
Free Cash Flow 31 -15 34 77 -24 -6 294 -20 107 97 74 272
CFO/OP 135% 62% 164% 211% 78% 102% 170% 37% 165% 127% 96% 115%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 21 23 22 21 21 21 18 18 16 17
Inventory Days
Days Payable
Cash Conversion Cycle 15 18 21 23 22 21 21 21 18 18 16 17
Working Capital Days -3 -3 -3 -8 -5 -7 -5 -3 -5 -2 3 9
ROCE % 24% 16% 15% 18% 20% 15% 14% 16% 14% 13% 13% 15%

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

Log in to view insights

Please log in to see hidden values.

Login
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.

Click on the line-items to see the names of individual entities.

Documents

Concalls