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Spectrum Electrical Industries Ltd (SPECTRUM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544386 NSE: SPECTRUM Electric Equipment | Small Cap | Spectrum Elec. Inds. Share Price

₹3,757.20 -26.75 (-0.71%)

As on 16-Oct'26 16:59

Spectrum Electrical Industries Ltd (SPECTRUM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544386 NSE: SPECTRUM Electric Equipment | Small Cap | Spectrum Elec. Inds. Share Price

₹3,757.20 -26.75 (-0.71%)

As on 16-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹6,420 Cr.
Current Price
₹3,757.2
52-Week Low / High
₹958 / 4,033
TTM EPS
₹33.6
TTM Sales
₹681 Cr.
Book Value per Share
₹311.6
P/E Ratio
111.75
Higher than its 5-year historical median
Industry PE
50.5
Price to Book (P/B)
12.06
In line with its 5-year historical median
Price to Sales (P/S)
9.43
Higher than its 5-year historical median
EV/EBITDA
59.36
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
20.59%
Outperforms industry median
Return on Capital Employed (ROCE)
17.83%
Outperforms industry median
Return on Assets (ROA)
7.95%
Operating Profit Margin
15.2%
Net Profit Margin
8.46%
Gross Profit Margin
13.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
27.06%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
48.1%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
74.98%
Asset Quality
Promoter Holding
66.88%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹515 Cr.
Equity
₹17.1 Cr.
Face Value
₹10
All Time Low / High
₹957.95 / 4032.80

Spectrum Electrical Industries stock performance

Key Ratios
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Valuation

Overvalued

Price Trend

Strong
Q.1 Is Spectrum Electrical Industries Ltd a good quality company?
Spectrum Electrical Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Spectrum Electrical Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Spectrum Electrical Industries Ltd vs industry peers?
Spectrum Electrical Industries Ltd revenue CAGR is 28.30%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Spectrum Electrical Industries Ltd?
Promoters hold 66.88% of the Spectrum Electrical Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Spectrum Electrical Industries Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 137.37% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Spectrum Electrical Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ6.2%29%16%7.8%9.6%11.7%11.4%16.9%16.5%19%-
Value Creation
Index ⓘ
-0.51.20.1-0.4-0.3-0.2-0.20.20.20.4-

Growth Parameters ⓘ

Sales ⓘ6.6120147141151251253322397505576
Sales YoY Gr.-1,714.1%22.8%-3.8%7.2%66.1%0.8%27.2%23.2%27.1%-
Adj EPS ⓘ10.7534.83.13.95.15.612.315.627.229.3
YoY Gr.-396.2%-91%-35.3%26.1%29.4%10.1%120.7%26.6%74.8%-
BVPS (₹) ⓘ115.9306.843.846.950.955.260.9103.8119.5153.6309.9
Adj Net
Profit ⓘ
0.55.97.24.75.97.78.419.224.342.750
Cash Flow from Ops. ⓘ8.9-8.6-17.23.511.923.68.3-13.7-18.170.8-
Debt/CF from Ops. ⓘ1.2-4.5-2.719.16.53.310.1-6.4-7.82.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ61.9%27.2%25.8%27.1%
Adj EPS ⓘ11%47.4%69.7%74.8%
BVPSⓘ3.2%24.7%36.1%28.5%
Share Price - 137.4% 58.5% 182.7%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
9.729.514.46.889.59.614.913.719.812.6
Op. Profit
Mgn % ⓘ
18.613.91210.412.3109.112.413.215.115.2
Net Profit
Mgn % ⓘ
8.14.94.93.33.933.366.18.58.7
Debt to
Equity ⓘ
1.91.10.70.910.90.90.50.80.8-
Working Cap
Days ⓘ
1977214117818113015316821221077
Cash Conv.
Cycle ⓘ
-231-2408210064657011010117

Valuation of Spectrum Elec. Inds. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales147141151251253328402526
Operating Expenses ⓘ + 129126133226230288348446
Manufacturing Costs2120182529333746
Material Costs939098177174230277356
Employee Cost 8991315161925
Other Costs ⓘ 677111281520
Operating Profit ⓘ 1815192523405480
Operating Profit Margin (%) 12.0%10.4%12.3%10.0%9.2%12.3%13.4%15.2%
Other Income ⓘ + 31215755
Exceptional Items ⓘ 00000000
Interest ⓘ 53687101315
Depreciation ⓘ 6668910912
Profit Before Tax ⓘ 10681112273658
Tax ⓘ 3223371014
Profit After Tax 75688192544
PAT Margin (%) 5.0%3.3%3.9%3.1%3.3%5.9%6.3%8.5%
Adjusted EPS (₹)4.93.13.95.15.612.516.428.3
Dividend Payout Ratio (%)0%0%25.60%19.80%0%8%0%0%
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6671778392162188244
Share Capital ⓘ 15.1215.1215.1215.1215.1215.6115.6115.71
Reserves ⓘ 5156626877147172229
Debt +466769688576178205
Long Term Debt25373937381767127
Short Term Debt21293031475911179
Minority Interest00000000
Trade Payables2513233849384190
Others Liabilities ⓘ 681928294645127
Total Liabilities ⓘ 143159189218255322451668

Fixed Assets

Net Fixed Assets ⓘ +454570807987139146
Gross Block56619311111896148168
Accumulated Depreciation101623303910922
CWIP ⓘ 62059152338172
Investments ⓘ 910111213011
Inventories36395666706576153
Trade Receivables26232534428212487
Cash Equivalents 23929123133
Others Assets ⓘ 2019141429554276
Total Assets ⓘ 143159189218255322451668
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -173152124-2694
PBT ⓘ 10681112273658
Adjustment ⓘ 78101411101925
Changes in Working Capital ⓘ -32-9-1-1-18-25-7125
Tax Paid ⓘ -2-2-2-3-3-8-11-14
Cash Flow From Investing Activity ⓘ + -12-20-15-23-9-38-53-136
Capex -7-20-16-22-14-19-61-143
Net Investments -6-1-1-2-0-2254
Others ⓘ 11215333
Cash Flow From Financing Activity ⓘ + 29185-514377248
Net Proceeds from Shares ⓘ 25000056012
Net Proceeds from Borrowing ⓘ 1121014-2400
Interest Paid ⓘ -3-3-6-8-7-9-11-13
Dividend Paid ⓘ 000-20-200
Others ⓘ 791416148248
Net Cash Flow ⓘ 016-663-76
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)11.16.837.999.559.6315.2714.5420.59
ROCE (%)13.147.829.611.5910.8316.4916.1217.83
Asset Turnover Ratio1.211.11.011.451.251.331.040.94
PAT to CFO Conversion(x)-2.430.62.52.630.250.21-1.042.14
Working Capital Days
Receivable Days53.8053.9050.5037.1046.8058.6093.5073.20
Inventory Days74.9081.8097.7075.4083.4063.906479.60
Payable Days97.6077.9068.2063.3091.5069.2051.8067.10

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Spectrum Electrical Industries Ltd FAQs

The current trading price of Spectrum Elec. Inds. on 16-Oct-2026 16:59 is ₹3,757.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Oct-2026 the market cap of Spectrum Elec. Inds. stood at ₹6,420.1 Cr

The latest P/E ratio of Spectrum Elec. Inds. as of 15-Oct-2026 is 128.4.

The latest P/B ratio of Spectrum Elec. Inds. as of 15-Oct-2026 is 12.12.

The 52-week high of Spectrum Elec. Inds. is ₹4,032.8 and the 52-week low is ₹958.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Spectrum Elec. Inds. is ₹576 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Spectrum Electrical Industries Ltd is a below average quality company.

The key valuation ratios of Spectrum Electrical Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Spectrum Electrical Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Spectrum Electrical Industries Ltd

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