Spectrum Electrical Industries logo

Spectrum Electrical Industries

SPECTRUM NSE

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹4,433 Cr
Volatility
High Risk
P/E Ratio
91.79
EBITDA
₹79.71 Cr
Return on Equity
13.33%
Debt to Equity
1.02
Book Value
₹155.53
52W High
₹2,878.6
52W Low
₹1,050

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 49.7% CAGR over last 5 years
  • Debtor days have improved from 87.9 to 60.0 days.

Weaknesses

3
  • Stock is trading at 19.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
29.29% higher than 3Y
Net Income Growth
69.29% lower than 3Y
Cash Flow Change
-731%
ROE
13.35% higher than 3Y
ROCE
-9.09% lower than 3Y
EBITDA Margin (Avg.)
4.46% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

Spectrum Electrical Industries Ltd is a small-cap industrials company with a market cap of Rs 3,097 Cr, trading at a PE of 65.9x and 11.99x book value. The company has delivered strong profit growth of ~74% CAGR over 3 years and 31% TTM sales growth, but pays virtually no dividend (0.05% yield) and trades at a significant premium to book value.

Bull Case 8
  • Compounded profit growth of 74% CAGR over 3 years demonstrates strong earnings momentum
  • TTM sales growth of 31% indicates robust top-line expansion in the current period
  • 5-year compounded sales CAGR of 28% shows consistent long-term revenue growth trajectory
  • ROE improved to 20% in the last year from a 5-year average of 15%, indicating improving capital efficiency
  • Debtor days improved from 87.9 to 60.0 days, reflecting better receivables management and cash conversion
  • Working capital days reduced from 38.0 to 28.9 days, freeing up cash for operations and growth
  • Stock CAGR of 105% over 5 years reflects sustained market confidence in the business model
  • Company is expected to deliver a good quarter, suggesting near-term earnings visibility remains intact
Bear Case 8
  • PE ratio of 65.9x is expensive relative to typical industrial sector multiples, leaving limited margin of safety
  • Price-to-book of 11.99x is elevated, meaning significant goodwill and growth expectations are priced in
  • Despite reporting repeated profits, the company pays a negligible dividend yield of just 0.05%, returning almost nothing to shareholders
  • Potential capitalization of interest costs could be inflating reported profits and asset values
  • Key financial ratios like debt-to-equity and ROCE are unavailable, limiting visibility into balance sheet risk and true capital efficiency
  • 1-year stock CAGR of 24% has moderated sharply from the 5-year CAGR of 105%, suggesting re-rating tailwinds may be fading
  • Small-cap market cap of Rs 3,097 Cr implies higher liquidity risk and volatility compared to larger peers
  • Absence of 52-week high/low data (reported as 0) limits technical risk assessment for the stock

This is AI-generated analysis, not financial advice. Do your own due diligence.

Quarterly Results

Particulars Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
75
87
71
169
85
118
125
198
155
Expenses
66
79
61
143
74
102
106
164
130
Operating Profit
10
8
10
25
12
15
19
34
24
OPM %
13%
9%
15%
15%
14%
13%
15%
17%
16%
Other Income
0
6
0
1
2
2
1
0
2
Interest
3
2
4
4
5
3
5
3
5
Depreciation
2
3
2
2
3
3
3
3
3
PBT
4
10
4
20
6
12
12
28
18
Tax %
54%
26%
38%
31%
11%
34%
17%
24%
26%
Net Profit
2
7
3
14
6
8
10
21
13
EPS in Rs
1.38
4.59
1.74
8.7
3.65
4.93
6.44
13.27
8.29
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
147
141
151
251
253
328
402
526
595
Expenses
129
126
133
226
230
287
348
446
503
Operating Profit
18
15
19
25
23
41
54
80
92
OPM %
12%
10%
12%
10%
9%
12%
13%
15%
16%
Other Income
1
1
2
1
5
6
5
5
5
Interest
3
3
6
8
7
10
13
15
15
Depreciation
6
6
6
8
9
10
9
12
13
PBT
10
6
8
11
12
27
36
58
69
Tax %
28%
28%
28%
28%
28%
28%
29%
23%
—
Net Profit
7
5
6
8
8
19
25
44
52
EPS in Rs
4.85
3.1
3.91
5.07
5.59
12.44
16.41
28.27
32.93
Div. Payout %
0%
0%
26%
20%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
15
15
15
15
15
16
16
16
Reserves
51
56
62
68
77
150
175
229
Borrowings
46
67
78
79
99
94
189
249
Other Liabilities
31
22
34
56
64
59
65
174
Total Liabilities
143
159
189
218
255
318
445
668
Fixed Assets
45
45
70
80
79
87
138
146
CWIP
6
20
5
9
15
23
38
172
Investments
9
10
11
12
13
0
1
1
Other Assets
83
84
103
116
149
209
268
349
Total Assets
143
159
189
218
255
318
445
668
Figures in ₹ Crores

Cash Flow

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-17
3
15
21
2
4
-26
94
Investing
-12
-20
-15
-23
-9
-38
-53
-136
Financing
29
18
5
-5
14
37
72
48
Net Cash Flow
0
1
6
-6
6
3
-7
6
Free Cash Flow
-24
-17
-1
-1
-12
-15
-88
-48
CFO/OP
-83
36
92
96
22
29
-28
136
Figures in ₹ Crores

Ratios

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
63
61
61
50
60
91
113
60
Inventory Days
139
157
207
135
146
102
101
157
Days Payable
98
55
86
79
103
60
50
92
Cash Conversion Cycle
105
163
182
106
103
133
164
124
Working Capital Days
36
42
34
21
4
34
45
29
ROCE %
—
8%
10%
12%
11%
16%
15%
17%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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54 extracted metrics + investor summaries across FY19–FY26.

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Shareholding Pattern

DIIs0.36%Promot.72.72%FIIs3.64%Others9.71%Public13.57%As ofJun 2026

Documents

Frequently Asked Questions about Spectrum Electrical Industries

What does Spectrum Electrical Industries Ltd do?
Spectrum Electrical Industries Limited, incorporated in 1995, is engaged in the business of Injection Moulding, manufacturing of Electrical Press Components and Surface treatment of Automobile, Electrical and Stamped parts. [1]
Where is Spectrum Electrical Industries Ltd (SPECTRUM) listed?
Spectrum Electrical Industries Ltd trades as SPECTRUM on the NSE and under code 544386 on the BSE.
Which sector does Spectrum Electrical Industries Ltd belong to?
Spectrum Electrical Industries Ltd is classified under the Industrials sector, in the Industrial Manufacturing industry.
What is the market capitalisation of Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd has a market capitalisation of ₹4,433 Cr, which places it in the Small Cap band.
What is the PE ratio of Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd trades at a PE ratio of 91.79, against a book value of ₹155.53 per share.
What is the 52-week high and low of Spectrum Electrical Industries Ltd?
Over the last 52 weeks Spectrum Electrical Industries Ltd has traded between ₹1,050 and ₹2,878.6.
Does Spectrum Electrical Industries Ltd pay dividends?
Spectrum Electrical Industries Ltd has a dividend yield of 0.03%.
What is the Return on Equity (ROE) of Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd reported a return on equity of 13.33%. Its debt-to-equity ratio is 1.02.

Company Information

Spectrum Electrical Industries Limited, incorporated in 1995, is engaged in the business of Injection Moulding, manufacturing of Electrical Press Components and Surface treatment of Automobile, Electrical and Stamped parts. [1]

Listed 2025-03-28
Face Value ₹ 10
Issued Size 1,57,13,840

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