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 ₹ 3,210 Cr.
- Current Price ₹ 2,057
- High / Low ₹ 2,520 / 1,210
- Stock P/E 148
- Book Value ₹ 115
- Dividend Yield 0.05 %
- ROCE 16.1 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 22.2% CAGR over last 5 years
Cons
- Stock is trading at 18.0 times its book value
- Company has a low return on equity of 12.0% over last 3 years.
- Debtor days have increased from 66.9 to 90.8 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 147 | 141 | 151 | 251 | 253 | 328 | 360 | |
| 129 | 126 | 133 | 226 | 230 | 289 | 312 | |
| Operating Profit | 18 | 15 | 19 | 25 | 23 | 39 | 48 |
| OPM % | 12% | 10% | 12% | 10% | 9% | 12% | 13% |
| 1 | 1 | 2 | 1 | 5 | 6 | 0 | |
| Interest | 3 | 3 | 6 | 8 | 7 | 9 | 10 |
| Depreciation | 6 | 6 | 6 | 8 | 9 | 9 | 8 |
| Profit before tax | 10 | 6 | 8 | 11 | 12 | 27 | 30 |
| Tax % | 28% | 28% | 28% | 28% | 28% | 28% | |
| 7 | 5 | 6 | 8 | 8 | 20 | 22 | |
| EPS in Rs | 4.85 | 3.10 | 3.91 | 5.07 | 5.59 | 12.64 | 13.92 |
| Dividend Payout % | 0% | 0% | 26% | 20% | 0% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 29% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 49% |
| TTM: | 70% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 108% |
| 3 Years: | 180% |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 12% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 16 | 16 |
| Reserves | 51 | 56 | 62 | 68 | 77 | 154 | 163 |
| 46 | 67 | 78 | 79 | 99 | 89 | 92 | |
| 31 | 22 | 34 | 56 | 64 | 59 | 54 | |
| Total Liabilities | 143 | 159 | 189 | 218 | 255 | 317 | 325 |
| 45 | 45 | 70 | 80 | 79 | 82 | 85 | |
| CWIP | 6 | 20 | 5 | 9 | 15 | 23 | 30 |
| Investments | 9 | 10 | 11 | 12 | 13 | 34 | 28 |
| 83 | 84 | 103 | 116 | 149 | 179 | 182 | |
| Total Assets | 143 | 159 | 189 | 218 | 255 | 317 | 325 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -17 | 3 | 15 | 21 | 2 | -1 | |
| -12 | -20 | -15 | -23 | -9 | -35 | |
| 29 | 18 | 5 | -5 | 14 | 39 | |
| Net Cash Flow | 0 | 1 | 6 | -6 | 6 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 63 | 61 | 61 | 50 | 60 | 91 |
| Inventory Days | 139 | 157 | 207 | 135 | 146 | 102 |
| Days Payable | 98 | 55 | 86 | 79 | 103 | 60 |
| Cash Conversion Cycle | 105 | 163 | 182 | 106 | 103 | 133 |
| Working Capital Days | 87 | 118 | 126 | 82 | 92 | 117 |
| ROCE % | 8% | 10% | 12% | 11% | 16% |
Business Verticals FY24