Spectrum Electrical Industries
- P/E
- 129.30
Key Fundamentals
MicrocapIndustrial ManufacturingCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 16.80%
- Debt to Equity
- 1.02
- EPS (TTM)
- ₹32.93
- Book Value
- ₹144.92
- Market Cap
- —
- P/E (TTM)
- 129.30
- P/B
- 29.38
- ROE
- 20.40%
- Dividend Yield
- 0.02%
- EBITDA
- ₹85.10 Cr
- 52W High
- ₹4,367.90
- 52W Low
- ₹1,050.00
- Day Range
- ₹4,095.10 – ₹4,367.90
- Volume
- 37,935
Peer Comparison
Industrials › Capital Goods › Industrial Products
| ₹1,240.10 | 106.91 | ₹59,516 Cr | 18.47 | 0.55% | 23.40% | 25.00% | ₹3,482 Cr | ₹562 Cr | |
| ₹3,999.80 | 98.59 | ₹46,234 Cr | 14.53 | 0.04% | 25.40% | 28.60% | ₹4,883 Cr | ₹477 Cr | |
| ₹1,512.60 | 79.19 | ₹28,543 Cr | 9.59 | 0.10% | 14.00% | 16.80% | ₹5,464 Cr | ₹401 Cr | |
| ₹29,810.00 | 47.82 | ₹25,976 Cr | 5.65 | 0.38% | 12.60% | 17.00% | ₹4,703 Cr | ₹552 Cr | |
| ₹1,034.95 | 73.19 | ₹22,990 Cr | 11.01 | 0.00% | 18.20% | 21.30% | ₹2,191 Cr | ₹323 Cr | |
| ₹3,330.00 | 64.57 | ₹21,957 Cr | 4.71 | 0.00% | 8.69% | 12.70% | ₹3,899 Cr | ₹345 Cr | |
| ₹17,358.00 | 106.09 | ₹18,108 Cr | 6.10 | 0.21% | 4.05% | 5.58% | ₹3,374 Cr | ₹176 Cr | |
| Spectrum Electrical Industries (this company) | ₹4,257.90 | 129.30 | ₹7,097 Cr | 29.38 | 0.02% | 20.40% | 16.80% | ₹595 Cr | ₹52 Cr |
| Median 8 companies | ₹3,664.90 | 88.89 | ₹24,483 Cr | 10.30 | 0.07% | 16.10% | 16.90% | ₹3,690 Cr | ₹373 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 49
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 22
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 91
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 38
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 99
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 45
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
4- 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.
- Company's working capital requirements have reduced from 36.8 days to 28.9 days
Weaknesses
4- Stock is trading at 22.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.84%
- Company might be capitalizing the interest cost
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 4 | 2 | 13 |
| Oscillators | Bearish | 4 | 2 | 3 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Bearish
Overall
Strong Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 76.58
- Bearish
- MACD (12,26,9)
- 205.97
- Bullish
- SMA (50)
- 3,277.89
- Bullish
- SMA (200)
- 2,008.10
- Bullish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +28.35% |
|---|---|
| 3Y | +27.63% |
| 1Y | +30.85% |
| TTM | +44.66% |
Net profit
| 5Y | +48.96% |
|---|---|
| 3Y | +76.52% |
| 1Y | +76.00% |
| TTM | +73.33% |
Operating cash flow
| 5Y | +44.35% |
|---|---|
| 3Y | +260.88% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | +2.63 pp |
|---|---|
| 3Y | +6.12 pp |
| 1Y | +1.78 pp |
| TTM | +2.09 pp |
Revenue by year
| Mar 2019 | ₹147 Cr |
|---|---|
| Mar 2020 | ₹141 Cr |
| Mar 2021 | ₹151 Cr |
| Mar 2022 | ₹251 Cr |
| Mar 2023 | ₹253 Cr |
| Mar 2024 | ₹328 Cr |
| Mar 2025 | ₹402 Cr |
| Mar 2026 | ₹526 Cr |
Net profit by year
| Mar 2019 | ₹7.00 Cr |
|---|---|
| Mar 2020 | ₹5.00 Cr |
| Mar 2021 | ₹6.00 Cr |
| Mar 2022 | ₹8.00 Cr |
| Mar 2023 | ₹8.00 Cr |
| Mar 2024 | ₹19.00 Cr |
| Mar 2025 | ₹25.00 Cr |
| Mar 2026 | ₹44.00 Cr |
AI Analysis — Bull vs Bear
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.
- 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
- 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
₹ Cr| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 (₹) | 1.38 | 4.59 | 1.74 | 8.7 | 3.65 | 4.93 | 6.44 | 13.27 | 8.29 |
Profit & Loss
₹ Cr| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| 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 (₹) | 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% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 185 | 249 |
| Other Liabilities | 31 | 22 | 34 | 56 | 64 | 59 | 69 | 174 |
| Total Liabilities | 143 | 159 | 189 | 218 | 255 | 318 | 445 | 668 |
| Fixed Assets | 45 | 45 | 70 | 80 | 79 | 87 | 139 | 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 |
Cash Flow
₹ Cr| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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/EBITDA | −83 | 36 | 92 | 96 | 22 | 29 | −28 | 136 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 54 | 92 |
| Cash Conversion Cycle | 105 | 163 | 182 | 106 | 103 | 133 | 160 | 124 |
| Working Capital Days | 36 | 42 | 34 | 21 | 4 | 34 | 47 | 29 |
| ROCE % | — | 8% | 10% | 12% | 11% | 16% | 15% | 17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Spectrum Electrical Industries insights
64 extracted metrics across FY19–FY27.
Documents
- 23 Sep 2026
- 13 Jan 2026
- 10 Dec 2025
- 16 Dec 2024
- 19 Nov 2024
- General announcements 1 Oct 2026
Frequently Asked Questions about Spectrum Electrical Industries
What does Spectrum Electrical Industries Ltd do?
Where is Spectrum Electrical Industries Ltd (SPECTRUM) listed?
Which sector does Spectrum Electrical Industries Ltd belong to?
What is the PE ratio of Spectrum Electrical Industries Ltd?
What is the 52-week high and low of Spectrum Electrical Industries Ltd?
Does Spectrum Electrical Industries Ltd pay dividends?
What is the Return on Equity (ROE) of Spectrum Electrical Industries Ltd?
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.
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