Spectrum Electrical Industries Ltd
SPECTRUM NSE
Spectrum Electrical Industries Ltd
IndustrialsNSE: SPECTRUM BSE: 544386 Industrial Manufacturing
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹3,661 Cr
Volatility
Moderate
P/E Ratio
69.4
EBITDA
₹79.71 Cr
Return on Equity
13.33%
Debt to Equity
1.02
Book Value
₹155.53
52W High
₹2,637.2
52W Low
₹1,050
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Spectrum Electrical Industries Ltd insights
31 extracted metrics + investor summaries across FY19–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
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 14.4 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% ↗
Net Income Growth
69.29% ↗
Cash Flow Change
-730.94% ↘
ROE
13.35% ↗
ROCE
-9.09% ↗
EBITDA Margin (Avg.)
4.46% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 43d agoAI 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
| 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 in Rs | 1.38 | 4.59 | 1.74 | 8.7 | 3.65 | 4.93 | 6.44 | 13.27 | 8.29 |
Profit & Loss
| 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 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% | — |
Balance Sheet
| 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
| 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/OP | -83 | 36 | 92 | 96 | 22 | 29 | -28 | 136 |
Ratios
| 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% |
Documents
1
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. 6 May - Spectrum Electrical signed MoU on 06 May 2026 for ₹110 crore expansion in Maharashtra.
2
Clarification sought from Spectrum Electrical Industries Ltd
7 Jul - Exchange has sought clarification from Spectrum Electrical Industries Ltd on July 07, 2026, with reference to Movement in Volume. 7 Jul - Exchange has sought clarification from Spectrum Electrical Industries Ltd on July 07, 2026, with reference to Movement in Volume.
3
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. 5 May - Company clarified share price movement was market-driven, with no undisclosed material information.
4
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. 7 Apr - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no dematerialisation requests received.
5
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. 6 Apr - Promoters held 1,14,27,260 shares and reported no encumbrance as of March 31, 2026.
Frequently Asked Questions about Spectrum Electrical Industries Ltd
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 is listed on the Indian stock exchanges. It is listed on NSE: SPECTRUM and BSE: 544386. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Spectrum Electrical Industries Ltd belong to?
Spectrum Electrical Industries Ltd operates in the Industrials sector within the Industrial Manufacturing industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd has a market capitalisation of approximately ₹3661.32 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Spectrum Electrical Industries Ltd?
The Price-to-Earnings (PE) ratio of Spectrum Electrical Industries Ltd is 69.40. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Spectrum Electrical Industries Ltd?
Over the past 52 weeks, Spectrum Electrical Industries Ltd has traded between a low of ₹1,050 and a high of ₹2,637.2. This range helps investors understand the stock's price volatility and recent trading levels.
Does Spectrum Electrical Industries Ltd pay dividends?
Yes, Spectrum Electrical Industries Ltd has a dividend yield of 0.04%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd has a Return on Equity (ROE) of 13.33%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Spectrum Electrical Industries Ltd on Tapetide?
On Tapetide, you can view Spectrum Electrical Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
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