Team Lease Services Ltd

Team Lease Serv. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Team Lease Services Ltd

₹ 2,811 -1.35%
13 Dec - close price
teamleasegroup.com BSE: 539658 NSE: TEAMLEASE
About

Team Lease Services provides employment related services. It provides solutions for staffing, recruitment, training, payroll processing and regulatory compliance.

Its major business segments are:
- General staffing
- Specialized staffing
- HR Services

Key Points

Overview[1]
TeamLease Services is one of India’s leading HR company. TeamLease also operates India’s first Vocational University and India’s fastest growing PPP Degree Apprenticeship Program. In FY15, company rolled out DA (Degree Apprenticeship ) to provide on-the-job training to apprentices.

Website BSE NSE
  • Market Cap ₹ 4,714 Cr.
  • Current Price ₹ 2,811
  • High / Low ₹ 3,700 / 2,540
  • Stock P/E 47.8
  • Book Value ₹ 484
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 12.7 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 20.1% of last 10 years

Cons

  • Stock is trading at 5.80 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 31.6%
  • Tax rate seems low
  • Company has a low return on equity of 12.8% over last 3 years.
  • Earnings include an other income of Rs.59.4 Cr.

* 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: Miscellaneous Industry: Miscellaneous

Part of Nifty Microcap 250 BSE Services Nifty Total Market BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,333 1,525 1,542 1,616 1,708 1,761 1,791 1,954 2,052 2,222 2,212 2,383 2,576
1,312 1,502 1,520 1,602 1,688 1,740 1,770 1,935 2,033 2,199 2,189 2,362 2,554
Operating Profit 21 23 21 14 20 22 21 19 20 23 23 21 22
OPM % 2% 2% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1%
-67 7 13 14 13 12 11 18 17 18 11 17 13
Interest 1 1 1 1 1 1 2 2 2 2 2 2 4
Depreciation 5 5 5 4 5 6 7 7 8 8 8 9 9
Profit before tax -52 25 29 23 27 26 23 28 27 30 24 27 22
Tax % 1% 0% 1% -0% 4% -1% 5% 2% 6% 3% -0% -0% 1%
-53 25 28 23 26 26 22 27 25 29 24 27 22
EPS in Rs -30.95 14.58 16.66 13.63 15.14 15.18 12.90 16.35 15.11 17.37 14.27 15.91 13.27
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,249 1,529 2,007 2,505 2,990 3,441 4,132 4,783 4,466 5,640 6,876 8,441 9,393
1,259 1,519 1,985 2,479 2,960 3,390 4,059 4,709 4,402 5,555 6,799 8,356 9,305
Operating Profit -10 11 22 26 30 51 73 75 64 86 77 85 89
OPM % -1% 1% 1% 1% 1% 1% 2% 2% 1% 2% 1% 1% 1%
10 9 15 15 23 24 29 44 48 -39 50 64 59
Interest 0 0 0 1 1 1 2 9 6 4 5 8 11
Depreciation 4 2 3 3 4 4 3 15 15 18 23 32 35
Profit before tax -4 18 34 37 49 71 97 95 91 24 99 109 103
Tax % 0% 0% 5% 35% -1% -3% 0% 56% 8% 7% 2% 3%
-4 18 32 24 50 73 97 42 84 22 97 106 102
EPS in Rs -8.30 35.08 63.10 14.21 28.98 42.44 56.75 24.32 49.17 13.16 56.85 63.09 60.82
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 15%
3 Years: 24%
TTM: 24%
Compounded Profit Growth
10 Years: 18%
5 Years: 0%
3 Years: 6%
TTM: -4%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: -12%
1 Year: 4%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.51 0.51 0.51 17 17 17 17 17 17 17 17 17 17
Reserves 99 117 147 293 341 416 512 552 637 661 760 746 796
12 1 0 19 0 0 0 109 21 53 86 82 90
111 123 164 247 296 395 501 503 584 644 730 885 1,099
Total Liabilities 223 242 311 577 655 828 1,029 1,181 1,259 1,376 1,593 1,730 2,002
6 6 3 9 6 4 7 47 28 38 89 95 121
CWIP 0 0 4 0 0 0 3 11 14 16 15 7 0
Investments 2 2 2 2 109 202 210 287 374 374 528 337 428
214 233 302 566 539 622 809 835 843 948 961 1,291 1,453
Total Assets 223 242 311 577 655 828 1,029 1,181 1,259 1,376 1,593 1,730 2,002

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-9 16 34 -11 30 72 -15 9 258 -37 83 82
6 -35 -24 -118 -37 -22 5 -53 3 -59 -80 37
4 -11 -1 157 -1 -1 -2 0 -38 -14 -19 -147
Net Cash Flow 2 -30 9 28 -7 48 -12 -44 223 -110 -17 -28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18 14 15 18 20 21 21 18 18 16 13 13
Inventory Days
Days Payable
Cash Conversion Cycle 18 14 15 18 20 21 21 18 18 16 13 13
Working Capital Days 0 1 -3 -0 -3 -9 -7 -4 -9 -6 -8 -7
ROCE % 2% 16% 26% 16% 14% 18% 21% 17% 14% 14% 13% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
32.51% 31.51% 31.51% 31.51% 31.51% 31.51% 31.61% 31.61% 31.61% 31.61% 31.61% 31.61%
38.21% 37.43% 37.34% 37.08% 37.25% 36.47% 32.86% 30.47% 26.26% 27.01% 28.72% 24.72%
17.88% 21.19% 21.14% 21.24% 23.81% 24.85% 27.81% 30.41% 35.33% 34.06% 31.81% 34.61%
11.32% 9.79% 9.94% 10.11% 7.37% 7.12% 7.66% 7.47% 6.77% 7.29% 7.84% 9.04%
0.07% 0.07% 0.07% 0.07% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04%
No. of Shareholders 19,82519,38320,10120,73220,87658,53724,97922,64219,90818,32518,79821,242

* 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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