MarketFriction

Team Lease Services Ltd

NSE TEAMLEASE · BSE 539658 · Diversified Commercial Services
₹1,179.40 +2.68%
NSE close2026-10-01
52 week range1,065.20 - 1,872.20
Market cap₹1,755 Cr.
P/E11.5
IPO 2016 · +39% since Price band 20% Delivery 55.0%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,2732,4452,4322,5802,7972,9212,8582,8913,0322,9902,9253,035
Expenses2,2412,4092,3952,5582,7632,8862,8102,8612,9942,9482,8793,003
Operating Profit323637223335473138424631
OPM %1.4%1.5%1.5%0.9%1.2%1.2%1.7%1.1%1.3%1.4%1.6%1.0%
Other Income1314914111010139182422
Interest233343444334
Depreciation131414131413131414141513
Profit before tax293330202629402629435236
Tax %6%6%5%4%4%1%5%5%4%2%11%5%
Net Profit283128192528382528424634
EPS in Rs16.2618.4916.3912.4014.6616.9520.8515.8316.4124.8826.1920.79
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,5053,0413,6244,4485,2014,8816,4807,8709,32211,15611,79111,982
Expenses2,4793,0043,5564,3545,1084,7846,3377,7489,19111,01811,63411,824
Operating Profit263769949397142122131138157158
OPM %1.0%1.2%1.9%2.1%1.8%2.0%2.2%1.6%1.4%1.2%1.3%1.3%
Other Income152216183132-524150456473
Interest11251274610151414
Depreciation369112934414353545656
Profit before tax38527396838946115118114150160
Tax %34%-12%-1%-2%58%11%13%3%4%4%6%
Net Profit25587398357839112113110141151
EPS in Rs14.5133.6742.9757.3420.4645.3322.4865.1266.8864.8683.3088.27
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%19%14%4%
Compounded Profit Growth19%11%8%34%
Stock Price CAGR1%-24%-24%-35%
Return on Equity14%14%13%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.511717171717171717171717
Reserves1482943494255225556356767917818901,027
Borrowings01917111242360100105118116
Other Liabilities1642483064375405596367858561,0321,1201,641
Total Liabilities3135796738861,0901,2551,3111,5381,7641,9352,1442,800
Fixed Assets511107138152265255262303293311339
CWIP4000611151817113414
Investments00105941257053194376203
Other Assets3035675566898909549711,2041,2501,6281,7252,244
Total Assets3135796738861,0901,2551,3111,5381,7641,9352,1442,800
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity34-103679-1210303-6126118104302
Cash from Investing Activity-24-119-19-242-47-12-88-12341-147-176
Cash from Financing Activity-1157-23-13-6-0-44-13-24-151-35-42
Net Cash Flow928-642-17-38247-108-217-7884
Free Cash Flow31-153477-24-6294-201079774272
CFO/OP135%62%164%211%78%102%170%37%165%127%96%115%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days151821232221212118181617
Inventory Days
Days Payable
Cash Conversion Cycle151821232221212118181617
Working Capital Days-3-3-3-8-5-7-5-3-5-233
ROCE %24%16%15%18%20%15%14%16%14%13%13%15%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters31.61%31.61%31.61%31.61%31.61%31.61%31.61%31.11%31.11%31.11%31.11%33.29%
FIIs26.26%27.01%28.72%24.72%21.86%11.01%7.69%6.68%6.35%6.76%6.95%8.05%
DIIs35.33%34.06%31.81%34.61%37.11%47.65%50.25%50.72%49.84%49.60%47.81%44.25%
Public6.77%7.29%7.84%9.04%9.38%9.69%10.41%11.46%12.68%12.50%14.12%14.37%
Others0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.03%0.03%0.03%0.03%0.03%
No. of Shareholders19,90818,32518,79821,24223,26424,23626,30327,61929,27627,14947,58129,208

Fundamentals

Market Cap₹ 1,755 Cr.
Current Price₹ 1,149
Stock P/E11.5
Book Value₹ 622
ROCE14.6 %
ROE14.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)34%
Consolidated figures.
Valuation
Market capRs 1,978 Cr
Enterprise valueRs 1,792 Cr
P/E (TTM)13.36x
Price to book1.90x
Price to sales0.17x
EV / EBITDA7.77x
EV / EBIT10.27x
EV / sales0.15x
Price to cash flow6.55x
Earnings yield7.48%
P/E, 3-year average27.48x
P/B, 3-year average3.64x
P/E, 5-year average61.97x
P/B, 5-year average5.27x
Profitability
Operating margin (excl. other income)1.33%
Operating margin (incl. other income)1.87%
EBITDA margin1.92%
Pre-tax margin1.34%
Net profit margin1.24%
Net margin, latest quarter1.15%
ROE14.33%
ROCE15.07%
ROA5.65%
ROE, 3-year average13.68%
ROCE, 3-year average14.21%
ROA, 3-year average5.68%
ROE, 5-year average12.32%
ROCE, 5-year average12.82%
ROA, 5-year average5.30%
ROIC (approx.)19.14%
Tax rate5.92%
Other income / net worth6.13%
Growth
Sales growth (latest year)5.69%
Profit growth (latest year)28.44%
Sales CAGR, 3 years14.43%
Sales CAGR, 5 years19.29%
Profit CAGR, 3 years7.85%
Profit CAGR, 5 years12.51%
Sales growth QoQ3.75%
Profit growth QoQ-20.59%
Sales growth YoY (latest quarter)4.96%
Profit growth YoY (latest quarter)31.39%
Per share
EPS (TTM)Rs 88.27
EPS (latest year)Rs 83.30
EPS (latest quarter)Rs 20.79
EPS, 3-year averageRs 71.68
EPS, 5-year averageRs 60.53
Book value per shareRs 622.16
Sales per shareRs 7,145.29
Cash flow per shareRs 179.98
Free cash flow per shareRs 162.21
Efficiency
Asset turnover4.21x
Fixed asset turnover34.79x
Debtor days17 days
Debtors turnover21.65x
Cash conversion cycle17 days
Working capital days3 days
Leverage
Total debtRs 116 Cr
Cash and bankRs 302 Cr
Net debtRs -186 Cr
Debt to equity0.11x
Net debt / EBITDA-0.80x
Interest coverage12.29x
Current ratio (filing 2026-03-31)1.45x
Quick ratio (filing 2026-03-31)1.45x
Trade payables (filing 2026-03-31)Rs 79 Cr
Owners' fund to total sources37.25%
Debt to assets4.15%
Cash flow
Cash from Operating Activity (latest year)Rs 302 Cr
Cash from Investing Activity (latest year)Rs -176 Cr
Cash from Financing Activity (latest year)Rs -42 Cr
Net Cash Flow (latest year)Rs 84 Cr
Free cash flow (latest year)Rs 272 Cr
FCFE (approx.: FCF + change in debt)Rs 270 Cr
Cash from ops / profit, 5 years1.25x
Sales to cash flow39.07x
Statement figures
Net sales (TTM)Rs 11,982 Cr
Net sales (latest year)Rs 11,791 Cr
Sales (latest quarter)Rs 3,035 Cr
Operating profit excl. other income (latest year)Rs 157 Cr
Operating profit (latest quarter)Rs 31 Cr
Other income (TTM)Rs 73 Cr
EBITDA (TTM)Rs 231 Cr
PBDT (TTM)Rs 216 Cr
Profit before tax (TTM)Rs 160 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 148 Cr
Net profit (latest year)Rs 140 Cr
Net profit (latest quarter)Rs 35 Cr
Depreciation (TTM)Rs 56 Cr
Depreciation (latest quarter)Rs 13 Cr
Interest (TTM)Rs 14 Cr
Cost of goods sold (latest year)Rs 290 Cr
Total expenditure (latest year)Rs 11,634 Cr
Total income (latest year)Rs 11,855 Cr
Share capitalRs 17 Cr
ReservesRs 1,027 Cr
Shareholders' fundsRs 1,043 Cr
Total assetsRs 2,800 Cr
Net blockRs 339 Cr
Capital work in progressRs 14 Cr
InvestmentsRs 203 Cr
ReceivablesRs 545 Cr
Other liabilitiesRs 1,641 Cr
Shares outstanding (crore)1.68
Ownership
Promoter holding33.29% (+2.18 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.4 is at the 1th percentile of its own 9.4-year range (median 51.7, low 13.0, high 180.8).
P/B 1.90 is at the 1th percentile (median 6.89).
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.
PeriodTEAMLEASENifty 50Difference
1 week-1.1%-2.8% +1.7 pts
1 month-6.7%-6.8% +0.1 pts
3 months-17.0%-7.6% -9.4 pts
6 months+4.5%+0.4% +4.1 pts
1 year-35.9%-9.9% -26.0 pts
2 years-62.4%-13.6% -48.8 pts
3 years-54.6%+14.2% -68.8 pts
5 years-74.2%+27.9% -102.1 pts
30 mutual fund schemes hold about ₹680 Cr. Over three months 5 bought more and 21 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Multi Cap Fund0.22%123 -11%
Mirae Asset Midcap Fund0.48%100 -14%
Franklin India Small Cap Fund0.59%87 -6%
HDFC ELSS-Tax Saver Fund0.33%52 -5%
Mirae Asset Multicap Fund0.76%43 -27%
ICICI Pru Aggressive Hybrid Fund(A0.06%33 -10%
UTI Small Cap Fund0.58%30 -6%
Nippon India Multi Asset Allocation Fund0.15%27 -18%
Bandhan Multi Cap Fund0.83%26 +82%
ICICI Pru Technology Fund0.18%25 -15%
Franklin India Flexi Cap Fund0.12%24 -3%
SBI Innovative Opportunities Fund0.43%22 -57%
UTI MNC Fund0.56%16 -6%
Franklin India ELSS Tax Saver Fund0.21%13 -3%
Templeton India Value Fund0.64%13 +4%
Nippon India Value Fund0.13%11 -10%
ICICI Pru ELSS-Tax Saver Fund0.08%11 -9%
Bandhan Multi Asset Allocation Fund0.18%7 -14%
Bandhan Business Cycle Fund0.38%4 -1%
Tata Children's Fund1.16%4 +8%
Edelweiss Technology Fund0.46%4 -16%
Kotak ESG Exclusionary Strategy Fund0.42%3 +46%
Quantum Small Cap Fund0.68%2 -11%
ICICI Pru Conservative Hybrid Fund0.03%1 -8%
Kotak Dividend Yield Fund0.27%1 +100%

Red flags

F-score 6 of 8
lookProfit leans on other income Other income was 43% of pre-tax profit 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.

Latest quarter

Jun 2026
Sales ₹3,035 Cr +5.0% vs Jun 2025. Net profit ₹34 Cr +36.0%.
Against our estimate for Jun 2026: sales +2.6%, profit -1.3% in line. Our estimate for Sep 2026: sales Rs 3,143 Cr, profit Rs 40 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-03Buy Back
2023-04-03Buy Back
2017-06-29 Annual General Meeting
2016-07-25 Annual General Meeting
DateTypeWhat it says
2026-09-28LitigationTeamLease Update on hearing date in respect of appeal filed with Hon ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to ...
2026-09-25General UpdatesTeamLease Intimation on Environmental, Social and Governance (ESG) Ratings by SES ESG Research Pvt. Ltd.
2026-09-24General UpdatesTeamLease - Intimation on incorporation of a step-down wholly owned foreign subsidiary of the Company in the United States of America
2026-09-22General UpdatesTeamLease Extinguishment of 1,200 Equity Shares pursuant to Buyback by Joint Venture Company, Crystal HR and Security Solutions Private Limited ( C...
2026-09-18Shareholder meetingTeamLease - Intimation of the proceedings of Twenty Sixth (26th) Annual General Meeting (AGM) and Disclosure of Voting Results
2026-09-03LitigationTeamLease: Update on hearing date in respect of appeal filed with Hon ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to rec...
2026-08-31LitigationTeamLease - Change in hearing date in respect of Writ Petition filed on June 12, 2026, before the Hon ble High Court of Karnataka
2026-08-26Shareholder meetingTeamLease - Notice and Annual Report of Twenty Sixth (26th) Annual General Meeting
2026-08-26General UpdatesTeamLease - Dispatch of Notice of Twenty Sixth (26th) Annual General Meeting
2026-08-25Concall / analyst meetSchedule of meet
2026-08-25Board meeting outcomeTeamLease - Outcome of Board Meeting held on August 25, 2026
2026-08-20General UpdatesTeamLease Divestment of entire stake in Joint Venture Company; Crystal HR and Securities Solutions Private ( Crystal HR )
2026-08-13General UpdatesTeamLease Execution of Exit Agreement with Joint Venture Company; Crystal HR and Securities Solutions Private Limited
2026-08-11LitigationUpdate on appeal filed with Hon ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to receipt of Order from Employees Providen...
2026-08-07Concall / analyst meetSchedule of meet
2026-08-07Concall / analyst meetSchedule of meet
2026-08-04Concall / analyst meetTranscript
2026-07-29Concall / analyst meetLink of Recording
2026-07-29Investor PresentationInvestor Presentation
2026-07-29General UpdatesTeamLease - Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Divestment of entire sta...
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "TeamLease - Press Release pertaining to the Unaudited Financial Results (Standalone and Consolidated) for...
2026-07-29Board meeting outcomeTeamLease - Outcome of Q1 FY27 Board Meeting held on July 29, 2026
2026-07-29Board meeting outcomeTeamLease - Outcome of Q1 FY27 Board Meeting held on July 29, 2026
2026-07-22Concall / analyst meetConference Call with Investors on Q1 FY27
2026-07-07BuybackTeamLease Submission of Letter of Offer for Buyback of Equity Shares of the Company by way of tender offer from existing shareholders pursuant to th...
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Team Lease Services Ltd?

Team Lease Services Ltd (TEAMLEASE) has a market capitalisation of Rs 1,755 Cr. at the 2026-10-01 close.

What is the P/E ratio of Team Lease Services Ltd?

Team Lease Services Ltd trades at a P/E of 11.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Team Lease Services Ltd's latest quarterly results?

In the Jun 2026 quarter, Team Lease Services Ltd sales was Rs 3,035 Cr (+5.0% vs Jun 2025) and net profit was Rs 34 Cr.

What is the 52-week high and low of Team Lease Services Ltd?

The 52-week high is Rs 1,872.20 and the 52-week low is Rs 1,065.20.

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