---
title: "Spectrum Talent Management Ltd (SPECTSTM) — Share Price, Financials & Analysis"
symbol: "SPECTSTM"
company: "Spectrum Talent Management Ltd"
canonical: "https://tapetide.com/stocks/SPECTSTM"
isin: "INE0OL001018"
nse_symbol: "SPECTSTM"
sector: "Services"
industry: "Commercial Services & Supplies"
market_cap_cr: 136.25
generated_at: "2026-09-13T19:57:09.810Z"
---

# Spectrum Talent Management Ltd (SPECTSTM)

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

## Company

- **NSE Symbol:** SPECTSTM
- **ISIN:** INE0OL001018
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2023-06-22
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** stmpl.co.in

## About

Incorporated in 2012, Spectrum Talent Management Ltd is in the business of 
manpower and other business services, and trading of electronic goods.[1]

## Latest Price

- **Price:** ₹59.25
- **Change:** +0.25 (+0.42%)
- **Open:** ₹59.7
- **Day High:** ₹59.7
- **Day Low:** ₹59.25
- **Previous Close:** ₹59
- **Volume:** 1600
- **As Of:** 2026-09-11T06:13:39+00:00

## Key Fundamentals

Observed at 2026-09-11T04:35:34.049678Z.

- **Market Cap:** ₹136.25 Cr
- **Classification:** SME
- **P/E (reported):** 11.1
- **Book Value:** ₹71.85
- **Price to Book:** 0.82
- **Dividend Yield:** 0%
- **ROE:** 4.54%
- **ROCE:** 5.66%
- **Debt to Equity:** 0.17
- **Revenue (yearly):** ₹1450.42 Cr
- **Net Income:** ₹11.58 Cr
- **EBITDA:** ₹14.09 Cr
- **52-Week High:** ₹111
- **52-Week Low:** ₹50.75
- **RSI (14):** 45.68

## Tapetide Score

- **Score:** 70 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 99.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 64.36 | 9% |
| growth | 55.87 | 9% |
| momentum | 29.86 | 12% |
| ownership | 87.57 | 24% |
| quality | 69.13 | 22% |
| valuation | 73.68 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.79 times its book value
- Promoter holding has increased by 0.84% over last quarter.
- Company's working capital requirements have reduced from 23.9 days to 18.9 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 7.26% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | -832.02% | — |
| ebitda margin growth | 303.85% | 7.78% | -16.38% | -70.96% |
| net income growth | 8.97% | 60.83% | -24% | 22% |
| revenue growth | 303.3% | 13.9% | 24% | 37% |
| roce | 305.91% | -18.91% | -85.89% | 25.65% |
| roe | 8.16% | -42.6% | 20.75% | -81.17% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2026 |
| --- | --- |
| Sales | 742.36 |
| Expenses | 733.98 |
| Operating Profit | 8.38 |
| OPM % | 1.13 |
| Other Income | 2.11 |
| Interest | 1.96 |
| Depreciation | 1.56 |
| Profit before tax | 6.97 |
| Tax % | -21.81 |
| Net Profit | 8.48 |
| EPS in Rs | 3.67 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 323 | 302 | 483 | 768 | 1016 | 1270 | 1450 |
| Expenses | 314 | 297 | 467 | 744 | 1007 | 1262 | 1436 |
| Operating Profit | 9 | 5 | 16 | 24 | 9 | 8 | 14 |
| OPM % | 2.8 | 1.6 | 3.3 | 3.1 | 0.9 | 0.7 | 1 |
| Other Income | 0 | 1 | 0 | 1 | 2 | 3 | 4 |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 1 | 2 | 3 |
| Profit before tax | 8 | 5 | 15 | 22 | 10 | 8 | 12 |
| Tax % | 19 | -5 | 0 | -25 | -16 | 11 | -6 |
| Net Profit | 7 | 5 | 15 | 28 | 12 | 7 | 12 |
| EPS in Rs | 14.23 | 10.02 | 40.13 | 15.54 | 5.02 | 3.14 | 5.31 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 4 | 18 | 23 | 23 | 23 |
| Reserves | 10 | 10 | 19 | 38 | 124 | 136 | 149 |
| Borrowings | 4 | 5 | 15 | 4 | 1 | 35 | 30 |
| Other Liabilities | 22 | 26 | 26 | 37 | 53 | 55 | 78 |
| Total Liabilities | 41 | 46 | 64 | 96 | 200 | 249 | 281 |
| Fixed Assets | 2 | 2 | 3 | 3 | 7 | 8 | 49 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 5 | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 38 | 40 | 61 | 93 | 194 | 241 | 231 |
| Total Assets | 41 | 46 | 64 | 96 | 200 | 249 | 281 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 6 | 5 | -7 | 9 | -5 | -67 | 68 |
| Cash from Investing Activity | 0 | -5 | 2 | -1 | -5 | -8 | -43 |
| Cash from Financing Activity | -3 | -4 | 3 | -7 | 76 | 39 | -8 |
| Net Cash Flow | 3 | -3 | -2 | 1 | 66 | -36 | 17 |
| Free Cash Flow | 4 | 5 | -9 | 7 | -10 | -72 | 25 |
| CFO/OP | 28 | 118 | -30 | 39 | -77 | -813 | 512 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 23 | 30 | 31 | 29 | 28 | 34 | 31 |
| Inventory Days | — | — | 7 | 7 | 2 | 5 | 3 |
| Days Payable | — | — | 6 | 3 | 2 | 1 | 2 |
| Cash Conversion Cycle | 23 | 30 | 33 | 32 | 28 | 38 | 32 |
| Working Capital Days | 2 | 6 | 14 | 19 | 22 | 31 | 19 |
| ROCE % | — | 22 | 52 | 47 | 10 | 5 | 8 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.68% | 73.68% | 73.68% | 73.68% | 73.68% | 73.68% | 74.52% |
| FIIs | 0% | 0% | 1.66% | 1.87% | 2.67% | 2.52% | 2.52% |
| DIIs | 0.05% | 0% | 0% | 0% | 0% | 0% | 3.99% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.26% | 19.13% | 18.54% | 17.22% | 14.83% | 14.05% | 13.29% |
| Others | 7.02% | 7.19% | 6.12% | 7.23% | 8.82% | 9.74% | 5.68% |
| No. of Shareholders | 4842 | 3784 | 3184 | 2769 | 1847 | 1775 | 1690 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 59.03 | Buy |
| EMA (10) | 59.31 | Sell |
| SMA (20) | 61.22 | Sell |
| EMA (20) | 60.38 | Sell |
| SMA (50) | 60.87 | Sell |
| EMA (50) | 61.25 | Sell |
| SMA (100) | 61.69 | Sell |
| EMA (100) | 63.8 | Sell |
| SMA (200) | 70.62 | Sell |
| EMA (200) | 74.08 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.31 | Neutral |
| MACD (12,26,9) | -1.12 | Sell |
| Stochastic (14,3,3) | 49.47 | Neutral |
| ADX (14) | 18.59 | Neutral |
| Williams %R (14) | -52.05 | Neutral |
| ATR (14) | 2.34 | High Volatility |
| ROC (12) | -5.28 | Sell |
| Stoch RSI (14) | 73.89 | Neutral |
| UO (7,14,28) | 51.84 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 January 2026 - Exchange has sought clarification from Spectrum Talent Management Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. … | [Clarification - Financial Results 9 January 2026 - Exchange has sought clarification from Spectrum Talent Management Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=SPECTSTM&tabIndex=sme) |
| 7 January 2026 - Certificate under Reg.74(5) for quarter ended 31 Dec 2025: no physical shares received for dematerialization. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 January 2026 - Certificate under Reg.74(5) for quarter ended 31 Dec 2025: no physical shares received for dematerialization.](https://nsearchives.nseindia.com/corporate/STML_07012026175146_signed_final_certificate_74_5_.pdf) |
| 6 March 2026 - Board approved STM Global (ADGM) WOS; equity infusion up to USD 10.5M, loan up to USD 1M; explore US acquisition. | [Outcome of Board Meeting 6 March 2026 - Board approved STM Global (ADGM) WOS; equity infusion up to USD 10.5M, loan up to USD 1M; explore US acquisition.](https://nsearchives.nseindia.com/corporate/STML_06032026150103_outcome_of_BM_6_march_2026.pdf) |
| 6 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no physical share certificates received for dematerialization. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no physical share certificates received for dematerialization.](https://nsearchives.nseindia.com/corporate/STML_06072026115327_Certificate_Reg_74_SEBI_DP_Regulations.pdf) |
| 6 April 2026 - RTA confirms no physical share certificates received for dematerialization for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 April 2026 - RTA confirms no physical share certificates received for dematerialization for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/STML_06042026155225_Final_74_5__certificate.pdf) |
| 5 June 2026 - Yearly promoter and promoter group disclosure filed for 31 March 2026 under SEBI Regulations 31(4) and 31(5). | [Disclosure under SEBI Takeover Regulations 5 June 2026 - Yearly promoter and promoter group disclosure filed for 31 March 2026 under SEBI Regulations 31(4) and 31(5).](https://nsearchives.nseindia.com/corporate/team_sandeshc_22052026125041_32.pdf) |
| 31 Jul - 15 lakh convertible warrants lapsed on July 30, 2026; ₹6.19 crore forfeited, no capital change. | [Forfeiture 31 Jul - 15 lakh convertible warrants lapsed on July 30, 2026; ₹6.19 crore forfeited, no capital change.](https://nsearchives.nseindia.com/corporate/STML_31072026134837_Notice_to_NSE_Forfeiture_of_Warrants.pdf) |
| 30 Jun - Submitted SDD compliance certificate for April 1-June 29, 2026; no non-compliance noted. | [Structural Digital Database 30 Jun - Submitted SDD compliance certificate for April 1-June 29, 2026; no non-compliance noted.](https://nsearchives.nseindia.com/corporate/STML_30062026122654_SDD_Compliance_Certificate_as_on_June_29_2026.pdf) |
| 3 Jul - Postal ballot approved SME-to-main-board migration and borrowing-related special resolutions on July 3, 2026. | [Shareholders meeting 3 Jul - Postal ballot approved SME-to-main-board migration and borrowing-related special resolutions on July 3, 2026.](https://nsearchives.nseindia.com/corporate/STML_03072026194827_Postal_Ballot_Voting_Result.pdf) |
| 27 May 2026 - Filed deviation statement for Rs 6.18 crore preferential issue; no variation reported for half year ended March 31, 2026. | [Statement of deviation(s) or variation(s) under Reg. 32 27 May 2026 - Filed deviation statement for Rs 6.18 crore preferential issue; no variation reported for half year ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/STML_27052026181222_statement_of_deviation.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/SPECTSTM_25112024094121_Transcriptofconall.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/SPECTSTM_29112023160022_Transcript.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/SPECTSTM_31052024174443_Transcriptofconcall28thmay2024.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/STML_04062025181230_Investor_presentation_march_2025.pdf) |
| Jul 2023 | [Concall - Jul 2023](https://archives.nseindia.com/corporate/SPECTSTM_04072023172616_Investerpresention.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://archives.nseindia.com/corporate/SPECTSTM_26072023230450_Transcipt.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27714_SPECTSTM_2024_2025_A_4404263_26082025173449.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25368_SPECTSTM_2023_2024_3108202414294.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22942_SPECTSTM_2022_2023_25082023173823_08252023180013.zip) |

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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 2026-09-13T19:57:09.810Z.