Spectrum Electrical Industries Ltd

₹ 1,925 7.46%

21 Feb - close price

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]

Key Points

Business Verticals FY24

Website NSE - SM

Market Cap ₹ 3,004 Cr.
Current Price ₹ 1,925
High / Low ₹ 2,520 / 1,210
Stock P/E 141
Book Value ₹ 114
Dividend Yield 0.05 %
ROCE 16.5 %
ROE 14.9 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 21.9% CAGR over last 5 years

Cons

Stock is trading at 16.8 times its book value
Company has a low return on equity of 11.9% over last 3 years.
Debtor days have increased from 69.3 to 91.1 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Detailed Comparison with:

Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
	74	69	55	98	123	129	126	132	135	193	159
	64	63	48	84	109	118	114	116	117	167	139
Operating Profit	10	6	7	14	15	12	12	16	18	26	20
OPM %	14%	8%	12%	14%	12%	9%	10%	12%	13%	14%	13%
	0	0	0	0	0	0	0	0	0	0	0
Interest	2	1	3	3	4	4	4	3	4	5	4
Depreciation	3	3	3	3	4	4	4	5	5	4	4
Profit before tax	5	1	1	8	7	4	4	8	10	17	12
Tax %	28%	28%	27%	28%	28%	28%	28%	28%	29%	27%	28%
	4	1	0	6	5	3	3	6	7	12	9
EPS in Rs	2.45	0.64	0.27	3.64	3.36	1.71	1.81	3.76	4.68	7.93	5.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	0	0	0	2	7	120	147	141	151	251	253	322	352
	0	0	0	2	5	103	129	126	133	226	230	284	305
Operating Profit	0	0	0	0	1	16	18	15	19	25	23	38	47
OPM %				23%	19%	14%	12%	10%	12%	10%	9%	12%	13%
	0	0	0	0	0	0	1	1	2	1	5	6	0
Interest	0	0	0	0	0	4	3	3	6	8	7	9	10
Depreciation	0	0	0	0	0	4	6	6	6	8	9	9	8
Profit before tax	0	0	0	0	1	8	10	6	8	11	12	27	29
Tax %				23%	20%	27%	28%	28%	28%	28%	28%	28%
	0	0	0	0	1	6	7	5	6	8	8	19	21
EPS in Rs	0.00	0.00	0.00	6.01	10.62	52.96	4.85	3.10	3.91	5.06	5.57	12.47	13.63
Dividend Payout %				0%	0%	0%	0%	0%	26%	20%	0%	8%

Compounded Sales Growth
10 Years:	%
5 Years:	17%
3 Years:	29%
TTM:	32%

Compounded Profit Growth
10 Years:	%
5 Years:	22%
3 Years:	49%
TTM:	67%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	168%
1 Year:	8%

Return on Equity
10 Years:	%
5 Years:	10%
3 Years:	12%
Last Year:	15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.01	0.01	0.01	5	5	11	15	15	15	15	15	16	16
Reserves	0	0	0	0	1	23	51	56	62	68	77	154	163
	0	0	0	8	11	38	46	67	77	77	84	88	89
	0	0	0	2	8	35	31	22	34	56	64	58	53
Total Liabilities	0	0	0	15	25	108	143	159	188	216	239	316	320
	0	0	0	2	6	50	45	45	70	80	75	77	75
CWIP	0	0	0	9	14	0	6	20	1	3	7	10	18
Investments	0	0	0	0	0	4	9	10	14	15	16	38	32
	0	0	0	5	5	54	83	84	103	117	141	191	195
Total Assets	0	0	0	15	25	108	143	159	188	216	239	316	320

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-2	9	-9	-17	3	12	24	8	-20
	-5	-10	-35	-12	-20	-11	-21	-3	-30
	8	2	44	29	18	5	-9	0	54
Net Cash Flow	1	1	-0	0	1	6	-6	6	4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days			0	0	69	63	61	61	50	67	91
Inventory Days			190	95	106	139	157	207	135	143	102
Days Payable			190	695	148	98	55	86	78	102	61
Cash Conversion Cycle			0	-601	26	105	163	183	107	108	133
Working Capital Days			461	-281	48	87	118	126	86	105	137
ROCE %	0%	0%		6%	28%	14%	8%	10%	12%	11%	17%

Shareholding Pattern

Numbers in percentages

	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
	68.64%	68.64%	68.64%	68.64%	68.91%	69.48%	71.45%	71.45%	71.45%	74.88%	72.53%	72.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.56%	2.51%	2.69%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.00%	0.31%	0.33%
	31.38%	31.37%	31.37%	31.37%	31.09%	30.51%	28.55%	28.55%	28.48%	24.56%	24.64%	24.45%
No. of Shareholders	121	118	116	109	101	109	104	109	170	272	628	1,166

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	68.64%	68.64%	68.91%	71.45%	71.45%	72.53%	72.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	2.51%	2.69%
	0.00%	0.00%	0.00%	0.00%	0.07%	0.31%	0.33%
	31.38%	31.37%	31.09%	28.55%	28.48%	24.64%	24.45%
No. of Shareholders	121	116	101	104	170	628	1,166

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Spectrum Electrical Industries Ltd

Spectrum Electrical Industries Ltd

Peer comparison

Half Yearly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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