---
title: "Spectrum Electrical Industries Ltd (SPECTRUM) — Share Price, Financials & Analysis"
symbol: "SPECTRUM"
company: "Spectrum Electrical Industries Ltd"
canonical: "https://tapetide.com/stocks/SPECTRUM"
isin: "INE01EO01010"
nse_symbol: "SPECTRUM"
bse_code: "544386"
sector: "Industrials"
industry: "Industrial Manufacturing"
market_cap_cr: 4433.03
generated_at: "2026-09-13T18:51:20.435Z"
---

# Spectrum Electrical Industries Ltd (SPECTRUM)

Canonical page: https://tapetide.com/stocks/SPECTRUM

## Company

- **NSE Symbol:** SPECTRUM
- **BSE Code:** 544386
- **ISIN:** INE01EO01010
- **Sector:** Industrials
- **Industry:** Industrial Manufacturing
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-03-28
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

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]

## Latest Price

- **Price:** ₹3022.5
- **Change:** +143.9 (+5%)
- **Open:** ₹2970
- **Day High:** ₹3022.5
- **Day Low:** ₹2752
- **Previous Close:** ₹2878.6
- **Volume:** 47215
- **As Of:** 2026-09-11T09:58:32+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:59.045642Z.

- **Market Cap:** ₹4433.03 Cr
- **Classification:** Microcap
- **P/E (reported):** 86.8
- **P/E (TTM):** 91.79
- **EPS (TTM):** ₹32.93
- **Book Value:** ₹155.53
- **Price to Book:** 18.44
- **Dividend Yield:** 0.03%
- **ROE:** 13.33%
- **ROCE:** 17.3%
- **Debt to Equity:** 1.02
- **Revenue (yearly):** ₹525.94 Cr
- **Net Income:** ₹43 Cr
- **EBITDA:** ₹79.71 Cr
- **52-Week High:** ₹2878.6
- **52-Week Low:** ₹1050
- **RSI (14):** 76.21

## Tapetide Score

- **Score:** 44 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 25 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 39.83 | 9% |
| growth | 87.56 | 9% |
| momentum | 92.13 | 12% |
| ownership | 35.57 | 24% |
| quality | 43.07 | 22% |
| valuation | 19.61 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- 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

- 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 Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -730.94% | — | -275.87% |
| ebitda margin growth | -22.26% | 4.46% | 6.61% | 44.23% |
| net income growth | -37.02% | 69.29% | 74% | 50% |
| revenue growth | -20.72% | 29.29% | 28% | 28% |
| roce | -24.71% | -9.09% | 22.87% | 15.32% |
| roe | -37.35% | 13.35% | 11.42% | 73.79% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Profit before tax | 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 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Profit before tax | 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 |
| Dividend Payout % | 0 | 0 | 26 | 20 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -17 | 3 | 15 | 21 | 2 | 4 | -26 | 94 |
| Cash from Investing Activity | -12 | -20 | -15 | -23 | -9 | -38 | -53 | -136 |
| Cash from Financing Activity | 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 |

### Ratios

| Item | 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 | 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 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 71.45% | 71.45% | 74.88% | 72.53% | 72.53% | 72.53% | 72.53% | 72.53% | 72.72% | 72.72% | 72.72% | 72.72% |
| FIIs | 0% | 0% | 0% | 2.51% | 2.69% | 2.97% | 3.67% | 4.11% | 4.33% | 4.66% | 4.94% | 3.64% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0.33% | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% | 0.36% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 7.3% | 14.74% | 14.45% | 14.25% | 14.07% | 14.3% | 13.91% | 13.46% | 13.07% | 12.79% | 12.73% | 13.57% |
| Others | 21.25% | 13.81% | 10.67% | 10.71% | 10.71% | 9.86% | 9.55% | 9.55% | 9.54% | 9.49% | 9.26% | 9.71% |
| No. of Shareholders | 109 | 170 | 272 | 628 | 1166 | 1305 | 1305 | 1631 | 1802 | 1925 | 1808 | 2840 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2476.93 | Buy |
| EMA (10) | 2585.6 | Buy |
| SMA (20) | 2323.45 | Buy |
| EMA (20) | 2437.35 | Buy |
| SMA (50) | 2264.01 | Buy |
| EMA (50) | 2237.82 | Buy |
| SMA (100) | 1879.13 | Buy |
| EMA (100) | 1997.99 | Buy |
| SMA (200) | 1573.22 | Buy |
| EMA (200) | 1778.74 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 79.1 | Sell |
| MACD (12,26,9) | 151.61 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 31.37 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 138.21 | High Volatility |
| ROC (12) | 39.53 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 90.41 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no dematerialisation requests received. | [Spectrum Electrical Industries Limited Has informed About Certificate Under SEBI (Depositories And Participants) Regulations, 2018 7 Apr - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no dematerialisation requests received.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2428f56a-4ab5-4835-a2c7-8b68e34160a5.pdf) |
| 6 May - Spectrum Electrical signed MoU on 06 May 2026 for ₹110 crore expansion in Maharashtra. | [Spectrum Electrical Industries Limited Has informed Regarding ''''Execution Of Memorandum Of Understanding (MOU) With The Government Of Maharashtra. 6 May - Spectrum Electrical signed MoU on 06 May 2026 for ₹110 crore expansion in Maharashtra.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/97d342f3-c867-4d92-bafc-358be14f17c2.pdf) |
| 6 Mar - Completed acquisition of 100% of Alric Electric Pvt Ltd for Rs1.11 crore on 6 March 2026. | [SPECTRUM: Spectrum Electrical Industries Limited Has informed About The Acquisition Of 100% Stake In Alric Electric Private Limited (Target Company). 6 Mar - Completed acquisition of 100% of Alric Electric Pvt Ltd for Rs1.11 crore on 6 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e4075422-925c-40cb-80bd-fb8eae8304b8.pdf) |
| 6 Apr - Promoters held 1,14,27,260 shares and reported no encumbrance as of March 31, 2026. | [Spectrum Electrical Industries Limited Has informed Regarding ''''Compliance Of Regulation 31 (4) Of SEBI SAST Regulations. 6 Apr - Promoters held 1,14,27,260 shares and reported no encumbrance as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b11064ad-d9ae-494d-b601-9824b2da6c12.pdf) |
| 5 May - Company clarified share price movement was market-driven, with no undisclosed material information. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Clarification On Price Movement Of Share. 5 May - Company clarified share price movement was market-driven, with no undisclosed material information.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/498291e8-b715-45db-8342-8ed9f2c48e47.pdf) |
| 4 Feb - Board approved on Feb 4, 2026 acquisition of 100% Alric Electric for up to Rs.1.25 crore, completion within 30 days. | [Board Meeting Outcome for SPECTRUM : Spectrum Electrical Industries Limited Has informed Regarding Outcome Of Board Meeting Held On February 04, 2026. 4 Feb - Board approved on Feb 4, 2026 acquisition of 100% Alric Electric for up to Rs.1.25 crore, completion within 30 days.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/38f99d39-ce60-42f1-a5b5-8ce4f5d2a287.pdf) |
| 30 Jan - Board meeting scheduled 4 Feb 2026 to consider and approve general business matters. | [Board Meeting Intimation for Spectrum Electrical Industries Limited Has informed Regarding Intimation Of Board Meeting To Consider And Approve The General Business Matters Of The Company 30 Jan - Board meeting scheduled 4 Feb 2026 to consider and approve general business matters.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3bc7103f-0b3a-4e2e-816f-cbb2cb634db3.pdf) |
| 24 Jan - Spectrum Electrical Industries Limited has informed about copy of Newspaper publication | [Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Jan - Spectrum Electrical Industries Limited has informed about copy of Newspaper publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0bdc4678-e351-4c7d-804a-56182fdce857.pdf) |
| 22 Jan - Board approved Q3/nine-month unaudited results; consolidated revenue Rs12,650.58L; PAT Rs1,020.67L; QIP pending Rs720.86L | [Board Meeting Outcome for Spectrum Electrical Industries Limited Has Submitted To The Exchange, The Financial Results For The Period Ended December 31, 2025 22 Jan - Board approved Q3/nine-month unaudited results; consolidated revenue Rs12,650.58L; PAT Rs1,020.67L; QIP pending Rs720.86L](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5bcef9d3-a914-43f1-adaa-fc058adba1d5.pdf) |
| 11 Sep - Allotted 13.74 lakh shares and 2.50 lakh warrants on preferential basis, raising about ₹325 crore. | [Announcement under Regulation 30 (LODR)-Allotment 11 Sep - Allotted 13.74 lakh shares and 2.50 lakh warrants on preferential basis, raising about ₹325 crore.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4761692-0069-4f7d-b2ee-01476b5f0e76.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aab45b9b-52cc-4cfd-a09d-f2a50bec0cf1.pdf) |
| 2026-09-08 | [Spectrum Electrical Industries Limited Has Informed The Exchange Regarding Notice Of Annual General Meeting To Be Held On September 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e57c365-51cf-4b4e-a571-84d286f96e14.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fea02d54-0ce6-4bc0-935a-c967d037f7b6.pdf) |
| 2026-09-04 | [Board Meeting Outcome for Spectrum Electrical Industries Limited Has Informed The Exchange Regarding Outcome Of Board Meeting Held On September 04 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=868d1ffe-ca2b-40d6-b098-45b259213e67.pdf) |
| 2026-08-31 | [Spectrum Electrical Industries Limited Receipt Of In-Principle Approval From The Stock Exchanges For Preferential Issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15dcfa70-0d08-4ddd-a99c-a8273a9dd97a.pdf) |
| 2026-08-31 | [Board Meeting Intimation for Spectrum Electrical Industries Limited Has Informed The Exchange About The Board Meeting Scheduled To Be Held On Friday September 4 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eabfe169-8f2e-4a27-9fce-bf7617459cfd.pdf) |
| 2026-08-21 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc62c084-f092-4c57-a808-38180e6f4b93.pdf) |
| 2026-08-20 | [Shareholder Meeting / Postal Ballot-Outcome of EGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93ec3fff-7694-4975-89d3-03208f0f6f77.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fd24f96-dd61-4e3b-8645-b2a82ebddbe4.pdf) |
| 2026-08-13 | [Corrigendum To The EGM Notice Of Spectrum Electrical Industries Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c14c33e6-c91d-42b4-ba6b-aeaa18060c83.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2025-11-15 | [Spectrum Electrical Industries Ltd. - Financial Results For The Quarter Ended On September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cfe4b789-3a46-4e27-a736-d5e50a25d001.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25963_SPECTRUM_2023_2024_06092024143931.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23579_SPECTRUM_2022_2023_05092023202959_09052023210011.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21506_SPECTRUM_2021_2022_06092022174208_09062022180025.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19606_SPECTRUM_2020_2021_07092021172602_09072021180009.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17468_SPECTRUM_2019_2020_06092020200114_06092020210002.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15843_SPECTRUM_2018_2019_05092019205220_05092019210013.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/94fcd63b-4c47-475f-a840-532f936b6806.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2024 | [Concall - Feb 2024](https://nsearchives.nseindia.com/corporate/SPECTRUM_05022024163152_Spectrum_Subsidiary_Investor_Presentation.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://nsearchives.nseindia.com/corporate/SPECTRUM_05022024162309_Spectrum_WhollyOwnedSubsidiary_Investor_Presentation.pdf) |
| Dec 2024 | [Concall - Dec 2024](https://nsearchives.nseindia.com/corporate/SPECTRUM_02122024163456_SPECTRUM_INVESTOR_PRESENTATION.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:51:20.435Z.