MarketFriction

Spectrum Electrical Industries Ltd

NSE SPECTRUM · BSE 544386 · Industrial Products
₹3,853.40 +0.19%
NSE close2026-10-01
52 week range1,050.00 - 3,879.80
Market cap₹6,306 Cr.
P/E126
IPO 2018 · +5828% since Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales12673827017285116120184156
Expenses11363746014773101101153133
Operating Profit1310810251215183223
OPM %10%13%10%14%14%14%13%15%17%15%
Other Income2021122113
Interest5324453545
Depreciation2232233333
Profit before tax845519711122618
Tax %29%49%14%37%31%10%29%23%24%25%
Net Profit6243136892013
EPS in Rs3.801.432.792.148.593.905.055.8512.468.46
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales27120147141151251253322397505576
Expenses25103129126133226230282345428488
Operating Profit0116181519252340527688
OPM %23%19%14%12%10%12%10%9%12%13%15%15%
Other Income000112156577
Interest0043368710131616
Depreciation004666891091212
Profit before tax0181068111227355666
Tax %23%20%27%28%28%28%28%28%28%31%23%
Net Profit0167568819244350
EPS in Rs6.0110.6252.964.853.103.915.065.5712.2915.5627.2431.82
Dividend Payout %0%0%0%0%0%26%20%0%8%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth73%27%26%41%
Compounded Profit Growth64%49%72%84%
Stock Price CAGR%137%55%176%
Return on Equity14%15%17%20%
Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.0155111515151515161616
Reserves001235156626877149174226
Borrowings081138466777778493161214
Other Liabilities0283531223456645873168
Total Liabilities01525108143159188216239316424623
Fixed Assets02650454570807582128136
CWIP091406201371019117
Investments0004910141516356
Other Assets055548384103117141221272364
Total Assets01525108143159188216239316424623
Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0-29-9-17312248-14-1871
Cash from Investing Activity0-5-10-35-12-20-11-21-3-34-40-101
Cash from Financing Activity0824429185-90524934
Net Cash Flow011-0016-664-84
Free Cash Flow0-7-1-44-24-17-031-27-68-35
CFO/OP-358%742%-42%-83%36%76%106%50%-15%-15%110%
Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days006963616150679110687
Inventory Days1909510613915720713514310299138
Days Payable190695148985586781026160104
Cash Conversion Cycle0-60126105163183107108133146121
Working Capital Days461-281-13642342620331433
ROCE %0%6%28%14%8%10%12%11%17%16%18%
Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters71.45%71.45%74.88%72.53%72.53%72.54%72.54%72.72%72.72%72.72%72.72%66.88%
FIIs0.00%0.00%0.56%2.51%2.69%3.67%4.11%4.33%4.66%4.94%3.63%3.35%
DIIs0.00%0.07%0.00%0.31%0.33%0.34%0.34%0.34%0.34%0.34%0.36%7.62%
Public28.55%28.48%24.56%24.64%24.45%23.44%23.01%22.61%22.28%22.01%23.29%22.16%
No. of Shareholders1091702726281,1661,2171,6311,8021,9251,8082,8403,359

Fundamentals

Market Cap₹ 6,306 Cr.
Current Price₹ 3,721
Stock P/E126
Book Value₹ 154
ROCE17.8 %
ROE19.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)41%
Compounded Profit Growth (TTM)84%
Standalone figures.
Valuation
Market capRs 6,055 Cr
Enterprise valueRs 6,238 Cr
P/E (TTM)121.10x
Price to book25.09x
Price to sales10.51x
EV / EBITDA65.79x
EV / EBIT75.32x
EV / sales10.83x
Price to cash flow85.54x
Earnings yield0.83%
P/E, 3-year average104.66x
P/B, 3-year average13.85x
P/E, 5-year average78.88x
P/B, 5-year average9.78x
Profitability
Operating margin (excl. other income)15.11%
Operating margin (incl. other income)16.48%
EBITDA margin16.46%
Pre-tax margin11.54%
Net profit margin8.68%
Net margin, latest quarter8.53%
ROE19.87%
ROCE17.78%
ROA8.18%
ROE, 3-year average16.17%
ROCE, 3-year average16.73%
ROA, 3-year average7.22%
ROE, 5-year average13.53%
ROCE, 5-year average14.64%
ROA, 5-year average5.83%
ROIC (approx.)15.02%
Tax rate22.99%
Other income / net worth2.86%
Growth
Sales growth (latest year)27.06%
Profit growth (latest year)76.28%
Sales CAGR, 3 years25.81%
Sales CAGR, 5 years27.24%
Profit CAGR, 3 years71.94%
Profit CAGR, 5 years48.58%
Sales growth QoQ-15.40%
Profit growth QoQ-32.12%
Sales growth YoY (latest quarter)84.36%
Profit growth YoY (latest quarter)118.23%
Per share
EPS (TTM)Rs 31.82
EPS (latest year)Rs 27.24
EPS (latest quarter)Rs 8.46
EPS, 3-year averageRs 18.36
EPS, 5-year averageRs 13.14
Book value per shareRs 153.57
Sales per shareRs 366.49
Cash flow per shareRs 45.05
Free cash flow per shareRs -22.27
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 3-year average8.13%
Dividend payout, 5-year average13.94%
Efficiency
Asset turnover0.81x
Fixed asset turnover3.70x
Inventory turnover2.98x
Inventory days123 days
Debtor days87 days
Debtors turnover4.21x
Creditor days104 days
Cash conversion cycle121 days
Working capital days33 days
Leverage
Total debtRs 214 Cr
Cash and bankRs 30 Cr
Net debtRs 183 Cr
Debt to equity0.89x
Net debt / EBITDA1.93x
Interest coverage5.06x
Current ratio (filing 2026-03-31)1.36x
Quick ratio (filing 2026-03-31)0.75x
Trade payables (filing 2026-03-31)Rs 97 Cr
Owners' fund to total sources38.76%
Debt to assets34.33%
Cash flow
Cash from Operating Activity (latest year)Rs 71 Cr
Cash from Investing Activity (latest year)Rs -101 Cr
Cash from Financing Activity (latest year)Rs 34 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs -35 Cr
FCFE (approx.: FCF + change in debt)Rs 17 Cr
Cash from ops / profit, 5 years0.70x
Sales to cash flow7.13x
Statement figures
Net sales (TTM)Rs 576 Cr
Net sales (latest year)Rs 505 Cr
Sales (latest quarter)Rs 156 Cr
Operating profit excl. other income (latest year)Rs 76 Cr
Operating profit (latest quarter)Rs 23 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 95 Cr
PBDT (TTM)Rs 78 Cr
Profit before tax (TTM)Rs 66 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 50 Cr
Net profit (latest year)Rs 43 Cr
Net profit (latest quarter)Rs 13 Cr
Depreciation (TTM)Rs 12 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 16 Cr
Cost of goods sold (latest year)Rs 387 Cr
Total expenditure (latest year)Rs 428 Cr
Total income (latest year)Rs 511 Cr
Share capitalRs 16 Cr
ReservesRs 226 Cr
Shareholders' fundsRs 241 Cr
Total assetsRs 623 Cr
Net blockRs 136 Cr
Capital work in progressRs 117 Cr
InvestmentsRs 6 Cr
ReceivablesRs 120 Cr
InventoryRs 130 Cr
Other liabilitiesRs 168 Cr
Shares outstanding (crore)1.57
Ownership
Promoter holding66.88% (-5.84 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 121.1 is at the 71th percentile of its own 7.0-year range (median 58.1, low 11.3, high 325.3).
P/B 25.09 is at the 95th percentile (median 8.86).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSPECTRUMNifty 50Difference
1 week+14.8%-2.8% +17.6 pts
1 month+80.4%-6.8% +87.2 pts
3 months+107.9%-7.6% +115.6 pts
6 months+148.2%+0.4% +147.8 pts
1 year+169.5%-9.9% +179.4 pts
2 years+125.9%-13.6% +139.5 pts
3 years+285.2%+14.2% +271.0 pts
5 years+6906.2%+27.9% +6878.3 pts

Red flags

F-score 7 of 8
explainWeak cash conversion Cash from operations was 45% of net profit over the last 3 years
lookInventory outrunning sales Inventory grew 73% vs sales +27% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-11Deepak ChaudhariPromoter groupbuy249,750SAST Preferential Allotm
2026-09-11Deepak ChaudhariPromoter groupotherSAST Preferential Allotm
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹156 Cr +83.5% vs Jun 2025. Net profit ₹13 Cr +116.7%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-10-02Shareholder meetingVoting results.
2026-10-01General UpdatesReceipt of Listing Approval from the Stock Exchanges.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-24Credit Rating- RevisionCredit Rating- Revision
2026-09-22General UpdatesGeneral Updates
2026-09-20Board meeting outcomeOutcome of Board Meeting held on September 20, 2026.
2026-09-11AllotmentAllotment of 1623375 securities pursuant to Preferential Issue passed through circular resolution on September 11, 2026
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-04Board meeting outcomeOutcome of Board Meeting held on September 04, 2026.
2026-08-31General UpdatesSpectrum Electrical Industries Limited Receipt of In-Principle Approval from the Stock Exchanges for Preferential Issue.
2026-08-21Shareholder meetingVoting results.
2026-08-20Shareholder meetingProceedings of Extraordinary General Meeting held on August 20, 2026
2026-08-13General UpdatesGeneral Updates regarding reappointment of Internal Auditor and Cost Auditor of the Company.
2026-08-13Board meeting outcomeOutcome of Board Meeting held on August 13, 2026.
2026-08-13Board meeting outcomeSpectrum Electrical Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-13Shareholder meetingCorrigendum to the Notice of Extraordinary General Meeting to be held on August 20, 2026
2026-07-27Shareholder meetingNotice of Extraordinary General Meeting to be held on August 20, 2026
2026-07-24Board meeting outcomeOutcome of Board Meeting held on July 24, 2026.
2026-07-06Volume querySignificant increase in volume has been observed in Spectrum Electrical Industries Limited. The Exchange, in order to ensure that investors have lates...
2026-07-06Volume querySignificant increase in volume has been observed in Spectrum Electrical Industries Limited. The Exchange, in order to ensure that investors have lates...
2026-06-02Concall / analyst meetSchedule of meet
2026-05-26General UpdatesGeneral Updates
2026-05-26Board meeting outcomeOutcome of Board Meeting held on May 26, 2026.
2026-05-26Board meeting outcomeSpectrum Electrical Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-06UpdatesExecution of Memorandum of Understanding (MOU) with the Government of Maharashtra..
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Spectrum Electrical Industries Ltd?

Spectrum Electrical Industries Ltd (SPECTRUM) has a market capitalisation of Rs 6,306 Cr. at the 2026-10-01 close.

What is the P/E ratio of Spectrum Electrical Industries Ltd?

Spectrum Electrical Industries Ltd trades at a P/E of 126 on trailing twelve-month profit, at the 2026-10-01 close.

What were Spectrum Electrical Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Spectrum Electrical Industries Ltd sales was Rs 156 Cr (+83.5% vs Jun 2025) and net profit was Rs 13 Cr.

What is the 52-week high and low of Spectrum Electrical Industries Ltd?

The 52-week high is Rs 3,879.80 and the 52-week low is Rs 1,050.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03