Spectrum Electrical Industries Ltd

Spectrum Electr. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Spectrum Electrical Industries Ltd

₹ 1,774 3.04%
22 Nov - close price
Company website NSE - SME: SPECTRUM
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 ₹ 2,768 Cr.
  • Current Price ₹ 1,774
  • High / Low ₹ 2,520 / 1,054
  • Stock P/E 127
  • Book Value ₹ 113
  • Dividend Yield 0.06 %
  • ROCE 16.2 %
  • ROE 15.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 22.2% CAGR over last 5 years

Cons

  • Stock is trading at 15.8 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

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
142 55 98 123 129 126 132 137 198 162
126 48 84 109 118 114 116 118 171 142
Operating Profit 16 7 14 15 12 12 16 18 27 21
OPM % 11% 12% 14% 12% 9% 10% 12% 13% 14% 13%
0 0 0 0 0 0 0 0 0 0
Interest 3 3 3 4 4 4 3 4 5 5
Depreciation 6 3 3 4 4 4 5 5 4 4
Profit before tax 6 1 8 7 4 4 8 10 17 13
Tax % 28% 27% 28% 28% 28% 28% 28% 29% 27% 28%
5 0 6 5 3 3 6 7 13 9
EPS in Rs 3.10 0.27 3.64 3.36 1.71 1.81 3.78 4.70 8.08 5.84
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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: 99%
3 Years: 226%
1 Year: 60%
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 77 151 160
46 67 78 79 99 89 92
31 22 34 56 64 62 57
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%

Shareholding Pattern

Numbers in percentages

Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 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 1211181161091011091041091702726281,166

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • Feb 2024
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  • Feb 2024
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