Spectrum Electrical Industries Ltd
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]
- Market Cap ₹ 3,707 Cr.
- Current Price ₹ 2,375
- High / Low ₹ 2,520 / 770
- Stock P/E 190
- Book Value ₹ 109
- Dividend Yield 0.04 %
- ROCE 20.4 %
- ROE 21.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 21.9% CAGR over last 5 years
Cons
- Stock is trading at 20.8 times its book value
- Promoter holding has decreased over last quarter: -2.35%
- Company has a low return on equity of 13.7% over last 3 years.
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0 | -0 | -0 | 2 | 7 | 120 | 147 | 141 | 151 | 251 | 253 | 328 | |
| -0 | -0 | -0 | 2 | 5 | 103 | 129 | 126 | 133 | 226 | 230 | 284 | |
| Operating Profit | -0 | -0 | -0 | 0 | 1 | 16 | 18 | 15 | 19 | 25 | 23 | 45 |
| OPM % | 23% | 19% | 14% | 12% | 10% | 12% | 10% | 9% | 14% | |||
| -0 | -0 | -0 | -0 | 0 | 0 | 1 | 1 | 2 | 1 | 5 | -0 | |
| Interest | -0 | -0 | -0 | 0 | 0 | 4 | 3 | 3 | 6 | 8 | 7 | 9 |
| Depreciation | -0 | -0 | -0 | 0 | 0 | 4 | 6 | 6 | 6 | 8 | 9 | 9 |
| Profit before tax | -0 | -0 | -0 | 0 | 1 | 8 | 10 | 6 | 8 | 11 | 12 | 27 |
| Tax % | 23% | 20% | 27% | 28% | 28% | 28% | 28% | 28% | 28% | |||
| -0 | -0 | -0 | 0 | 1 | 6 | 7 | 5 | 6 | 8 | 8 | 19 | |
| 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 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 26% | 20% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 29% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 49% |
| TTM: | 131% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 110% |
| 3 Years: | 245% |
| 1 Year: | 193% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 14% |
| Last Year: | 21% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 5 | 5 | 11 | 15 | 15 | 15 | 15 | 15 | 16 |
| Reserves | -0 | -0 | -0 | 0 | 1 | 23 | 51 | 56 | 62 | 68 | 77 | 154 |
| -0 | -0 | -0 | 8 | 11 | 38 | 46 | 67 | 77 | 77 | 84 | 88 | |
| -0 | -0 | -0 | 2 | 8 | 35 | 31 | 22 | 34 | 56 | 64 | 58 | |
| Total Liabilities | 0 | 0 | 0 | 15 | 25 | 108 | 143 | 159 | 188 | 216 | 239 | 316 |
| -0 | -0 | -0 | 2 | 6 | 50 | 45 | 45 | 70 | 80 | 75 | 80 | |
| CWIP | -0 | -0 | -0 | 9 | 14 | -0 | 6 | 20 | 1 | 3 | 7 | 10 |
| Investments | -0 | -0 | -0 | -0 | -0 | 4 | 9 | 10 | 14 | 15 | 16 | 34 |
| 0 | 0 | 0 | 5 | 5 | 54 | 83 | 84 | 103 | 117 | 141 | 191 | |
| Total Assets | 0 | 0 | 0 | 15 | 25 | 108 | 143 | 159 | 188 | 216 | 239 | 316 |
Cash Flows
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0 | -0 | -0 | -2 | 9 | -9 | -17 | 3 | 12 | 24 | 8 | -20 | |
| -0 | -0 | -0 | -5 | -10 | -35 | -12 | -20 | -11 | -21 | -3 | -30 | |
| -0 | -0 | -0 | 8 | 2 | 44 | 29 | 18 | 5 | -9 | 0 | 54 | |
| Net Cash Flow | -0 | -0 | -0 | 1 | 1 | -0 | 0 | 1 | 6 | -6 | 6 | 4 |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | -0 | -0 | 69 | 63 | 61 | 61 | 50 | 67 | ||||
| Inventory Days | 190 | 95 | 106 | 139 | 157 | 207 | 135 | 143 | ||||
| Days Payable | 190 | 695 | 148 | 98 | 55 | 86 | 78 | 102 | ||||
| Cash Conversion Cycle | -0 | -601 | 26 | 105 | 163 | 183 | 107 | 108 | ||||
| Working Capital Days | 461 | -281 | 48 | 87 | 118 | 126 | 86 | 105 | ||||
| ROCE % | -0% | -0% | 6% | 28% | 14% | 8% | 10% | 12% | 11% |
Documents
Announcements
-
Outcome of Board Meeting
27 June 2024 - Spectrum Electrical Industries Limited has informed regarding Board meeting held on Jun 27, 2024.
-
Updates
24 June 2024 - Spectrum Electrical Industries Limited has informed regarding 'Intimation for taking majority stake in the Mechmaster Engineering Private Limited'.
-
Price movement
23 May 2024 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
-
Statement of deviation(s) or variation(s) under Reg. 32
10 May 2024 - Spectrum Electrical Industries Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
9 May 2024 - SPECTRUM ELECTRICAL INDUSTRIES LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
Products and Services
The company manufactures electrical components including Mini MCB base and cover; Distribution boards; AC box; Modular Electrical Board panels; Lamp angle holders among others. The services provided by the company include Surface Coatings, Metallic Stamping, Plastics Moulding, and Mould Tooling. [1]