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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

₹1,881.95 -34.45 (-1.80%)

As on 02-Jul'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

₹1,881.95 -34.45 (-1.80%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,957 Cr.
Current Price
₹1,882
52-Week Low / High
₹958 / 1,965
TTM EPS
₹27.2
TTM Sales
₹505 Cr.
Book Value per Share
₹153.6
P/E Ratio
69.10
Lower than its 5-year historical median
Industry PE
55.8
Price to Book (P/B)
12.25
Higher than its 5-year historical median
Price to Sales (P/S)
5.86
Higher than its 5-year historical median
EV/EBITDA
37.41
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
13.94%
Outperforms industry median
Return on Capital Employed (ROCE)
16.36%
Outperforms industry median
Return on Assets (ROA)
6.47%
Operating Profit Margin
13.2%
Net Profit Margin
6.11%
Gross Profit Margin
11.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
23.22%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
30.92%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
26.59%
Asset Quality
Promoter Holding
72.72%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹226 Cr.
Equity
₹15.7 Cr.
Face Value
₹10
All Time Low / High
₹957.95 / 2254.20

Spectrum Electrical Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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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 22.97%, compared to the industry median CAGR of 13.01%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Spectrum Electrical Industries Ltd?
Promoters hold 72.72% 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 89.39% based on the current price.

10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.1%6.2%29%16%7.8%9.6%11.7%11.4%16.9%16.4%-
Value Creation
Index
-0.6-0.61.10.1-0.4-0.3-0.2-0.20.20.2-

Growth Parameters

Sales 2.26.6120147141151251253322397505
Sales YoY Gr.-205.1%1,714.1%22.8%-3.8%7.2%66.1%0.8%27.2%23.2%-
Adj EPS 610.7534.83.13.95.15.612.315.627.2
YoY Gr.-77.4%396.2%-91%-35.3%26.1%29.4%10.1%120.7%26.6%-
BVPS (₹) 105.3115.9306.843.846.950.955.260.9103.8119.5153.6
Adj Net
Profit
0.30.55.97.24.75.97.78.419.224.343
Cash Flow from Ops. -1.98.9-8.6-17.23.511.923.68.3-13.7-18.1-
Debt/CF from Ops. -4.31.2-4.5-2.719.16.53.310.1-6.4-8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 78.5%23%16.5%23.2%
Adj EPS 11.1%38.1%45.4%26.6%
BVPS1.4%20.6%29.4%15.1%
Share Price - 102.7% 36.8% 23.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
79.729.514.46.889.59.614.913.720
Op. Profit
Mgn %
2318.613.91210.412.3109.112.413.215.1
Net Profit
Mgn %
13.98.14.94.93.33.933.366.18.5
Debt to
Equity
1.51.91.10.70.910.90.90.50.80.4
Working Cap
Days
3261977214117818113015316822477
Cash Conv.
Cycle
-18-231-2408210064657011217

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales27120147141151251253322397
Operating Expenses + 25103129126133226230282345
Manufacturing Costs011521201825293136
Material Costs1477939098177175226277
Employee Cost 00789913151620
Other Costs 0036771112912
Operating Profit 011718151925234052
Operating Profit Margin (%) 23.0%18.6%13.9%12.0%10.4%12.3%10.0%9.1%12.4%13.2%
Other Income + 0003121565
Exceptional Items 0000000000
Interest 005536871013
Depreciation 00466689109
Profit Before Tax 018106811122735
Tax 00232233711
Profit After Tax 016756881924
PAT Margin (%) 13.9%8.1%4.9%5.0%3.3%3.9%3.0%3.3%6.0%6.1%
Adjusted EPS (₹)0.61.15.34.93.13.95.15.612.315.6
Dividend Payout Ratio (%)0%0%0%0%0%25.60%19.80%0%8.10%0%

Valuation of Spectrum Elec. Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 56346671778392162186
Share Capital 551115151515151616
Reserves 01235156626877146171
Debt +81038466769667176134
Long Term Debt892225373935251723
Short Term Debt0116212930314758111
Minority Interest0000000000
Trade Payables183125132338493842
Others Liabilities 114681928274567
Total Liabilities 1525108143159188216239320430

Fixed Assets

Net Fixed Assets +1641454570807582128
Gross Block264656619311111591147
Accumulated Depreciation0051016233039918
CWIP 91496201371019
Investments 00491014151635
Inventories112236395666696375
Trade Receivables0022262325344780116
Cash Equivalents 12123828123
Others Assets 32820191415187084
Total Assets 1525108143159188216239320430

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -29-9-17312248-14-18
PBT 018106811122735
Adjustment 018781014111019
Changes in Working Capital -28-23-32-9-42-11-43-62
Tax Paid -0-0-2-2-2-2-3-3-7-10
Cash Flow From Investing Activity + -5-10-35-12-20-11-21-3-34-40
Capex -5-10-36-7-20-12-20-8-14-50
Net Investments 000-6-1-1-2-0-227
Others 0001121513
Cash Flow From Financing Activity + 824429185-905249
Net Proceeds from Shares 2020250000560
Net Proceeds from Borrowing 711311210-4-9-90
Interest Paid -0-0-4-3-3-6-8-7-9-10
Dividend Paid 000000-20-20
Others -01157913161460
Net Cash Flow 11-0016-664-8

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.039.6529.5414.636.837.999.549.615.113.94
ROCE (%)5.076.1628.9715.957.829.6211.6811.3516.8816.36
Asset Turnover Ratio0.220.332.131.381.11.021.461.31.351.06
PAT to CFO Conversion(x)N/A9-1.5-2.430.6231-0.74-0.75
Working Capital Days
Receivable Days0057.9050.6053.9050.5037.1049.8061.5090.20
Inventory Days87.8043.9030.206181.8097.7075.3082.6063.9063.60
Payable Days112.70370.8092.50110.3077.9068.1062.9090.6069.9052.70

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Spectrum Electrical Industries Ltd FAQs

The current trading price of Spectrum Elec. Inds. on 02-Jul-2026 16:59 is ₹1,882.

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 01-Jul-2026 the market cap of Spectrum Elec. Inds. stood at ₹2,957.3 Cr

The latest P/E ratio of Spectrum Elec. Inds. as of 01-Jul-2026 is 69.10.

The latest P/B ratio of Spectrum Elec. Inds. as of 01-Jul-2026 is 12.25.

The 52-week high of Spectrum Elec. Inds. is ₹1,964.9 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 ₹505 ( 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 Fair 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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About MoneyWorks4Me

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