Team Lease Services Ltd
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
- Market Cap ₹ 1,750 Cr.
- Current Price ₹ 1,145
- High / Low ₹ 1,873 / 1,063
- Stock P/E 11.4
- Book Value ₹ 622
- Dividend Yield 0.00 %
- ROCE 14.6 %
- ROE 14.0 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 33.3%
- Tax rate seems low
- Company has a low return on equity of 13.1% over last 3 years.
- Earnings include an other income of Rs.72.9 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
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of BSE Services BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,007 | 2,505 | 3,041 | 3,624 | 4,448 | 5,201 | 4,881 | 6,480 | 7,870 | 9,322 | 11,156 | 11,791 | 11,982 | |
| 1,983 | 2,479 | 3,004 | 3,556 | 4,354 | 5,108 | 4,784 | 6,337 | 7,748 | 9,191 | 11,018 | 11,634 | 11,824 | |
| Operating Profit | 24 | 26 | 37 | 69 | 94 | 93 | 97 | 142 | 122 | 131 | 138 | 157 | 158 |
| OPM % | 1.2% | 1.0% | 1.2% | 1.9% | 2.1% | 1.8% | 2.0% | 2.2% | 1.6% | 1.4% | 1.2% | 1.3% | 1.3% |
| 11 | 15 | 22 | 16 | 18 | 31 | 32 | -52 | 41 | 50 | 45 | 64 | 73 | |
| Interest | 0 | 1 | 1 | 2 | 5 | 12 | 7 | 4 | 6 | 10 | 15 | 14 | 14 |
| Depreciation | 3 | 3 | 6 | 9 | 11 | 29 | 34 | 41 | 43 | 53 | 54 | 56 | 56 |
| Profit before tax | 33 | 38 | 52 | 73 | 96 | 83 | 89 | 46 | 115 | 118 | 114 | 150 | 160 |
| 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 | 151 | |
| 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 | 88.27 |
| 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: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 11% |
| 3 Years: | 8% |
| TTM: | 34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -24% |
| 3 Years: | -24% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 14% |
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 | 339 | |
| CWIP | 4 | 0 | 0 | 0 | 6 | 11 | 15 | 18 | 17 | 11 | 34 | 14 |
| 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 | -176 | |
| -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 / 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 | 3 |
| ROCE % | 24% | 16% | 15% | 18% | 20% | 15% | 14% | 16% | 14% | 13% | 13% | 15% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| FTE Productivity - Staffing and DA (associates per FTE) ratio |
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| Staffing and DA Core Employees (FTE) count |
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| Total Headcount (Associates/Trainees) count |
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| Degree Apprenticeship (NETAP) Trainee Headcount count |
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| General Staffing Associates Headcount count |
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| Specialized Staffing Headcount count |
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Extracted by Screener AI
Documents
Announcements
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Teamlease: Update On Hearing Date In Respect Of Appeal Filed With Hon'Ble High Court Of Gujarat By Teamlease Skills University (TLSU), Pursuant To Receipt Of Order From Employees' Provident Fund Organisation (EPFO)
- Gujarat High Court hearing on EPFO appeal adjourned to November 30, 2026.
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Teamlease: Intimation On Environmental, Social And
Governance (ESG) Ratings By SES ESG Research Pvt. Ltd.
- SES ESG Research assigns TeamLease a 70.4 score and B+ overall ESG rating.
-
Closure of Trading Window
- Trading window closed from Oct 1 to Nov 9, 2026; board meeting date for Q2/H1 results pending.
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Teamlease: Intimation On Incorporation Of A Step-Down Wholly Owned Foreign Subsidiary Of The Company In The United States Of America
- TeamLease Digital incorporated TL Business Solutions Inc. in Delaware on September 23, 2026.
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Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
- TeamLease exits Crystal HR JV; 1,200 shares extinguished, ending 30% stake.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Concalls
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Nov 2016PPT
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Business Segments[1][2]
1) General Staffing & Allied Services (~92% of FY26 Operating Revenue):
The company offers staffing solutions, temporary recruitment, payroll, and NETAP.