Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:26 pm

Market Cap	2,686 Cr.
Current Price	1,721
High / Low	2,520/1,023
Stock P/E	126
Book Value	112
Dividend Yield	0.06 %
ROCE	16.6 %
ROE	15.1 %
Face Value	10.0
PEG Ratio	3.93

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Spectrum Electrical Industries Ltd

Competitors of Spectrum Electrical Industries Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Evans Electric Ltd	78.7 Cr.	287	504/161	27.8	74.6	1.05 %	36.4 %	28.0 %	10.0
Epic Energy Ltd	76.5 Cr.	106	106/5.97	102	10.0	0.00 %	5.03 %	5.49 %	10.0
Edvenswa Enterprises Ltd	222 Cr.	60.2	99.8/42.4	25.1	25.5	0.00 %	23.6 %	15.4 %	10.0
Cospower Engineering Ltd	98.2 Cr.	654	740/200	109	49.8	0.00 %	8.12 %	1.54 %	10.0
Continental Controls Ltd	6.76 Cr.	11.0	18.5/5.80	338	3.43	0.00 %	7.82 %	14.0 %	10.0
Industry Average	16,768.94 Cr	634.58		134.90	73.18	0.12%	16.28%	19.86%	6.12

All Competitor Stocks of Spectrum Electrical Industries Ltd

Quarterly Result

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Sales	74	69	55	98	123	129	126	132	135	193
Expenses	64	63	48	84	109	118	114	116	117	167
Operating Profit	10	6	7	14	15	12	12	16	18	26
OPM %	14%	8%	12%	14%	12%	9%	10%	12%	13%	14%
Other Income	0	0	0	0	0	0	0	0	0	0
Interest	2	1	3	3	4	4	4	3	4	5
Depreciation	3	3	3	3	4	4	4	5	5	4
Profit before tax	5	1	1	8	7	4	4	8	10	17
Tax %	28%	28%	27%	28%	28%	28%	28%	28%	29%	27%
Net Profit	4	1	0	6	5	3	3	6	7	12
EPS in Rs	2.45	0.64	0.27	3.64	3.36	1.71	1.81	3.76	4.68	7.93

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	0	0	0	2	7	120	147	141	151	251	253	328
Expenses	0	0	0	2	5	103	129	126	133	226	230	284
Operating Profit	0	0	0	0	1	16	18	15	19	25	23	45
OPM %				23%	19%	14%	12%	10%	12%	10%	9%	14%
Other Income	0	0	0	0	0	0	1	1	2	1	5	0
Interest	0	0	0	0	0	4	3	3	6	8	7	9
Depreciation	0	0	0	0	0	4	6	6	6	8	9	9
Profit before tax	0	0	0	0	1	8	10	6	8	11	12	27
Tax %				23%	20%	27%	28%	28%	28%	28%	28%	28%
Net Profit	0	0	0	0	1	6	7	5	6	8	8	19
EPS in Rs	0.00	0.00	0.00	6.01	10.62	52.96	4.85	3.10	3.91	5.06	5.57	12.47
Dividend Payout %				0%	0%	0%	0%	0%	26%	20%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	500.00%	16.67%	-28.57%	20.00%	33.33%	0.00%	137.50%
Change in YoY Net Profit Growth (%)	0.00%	-483.33%	-45.24%	48.57%	13.33%	-33.33%	137.50%

Spectrum Electrical Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	17%
3 Years:	29%
TTM:	32%

Compounded Profit Growth
10 Years:	%
5 Years:	22%
3 Years:	49%
TTM:	67%

Stock Price CAGR
10 Years:	%
5 Years:	97%
3 Years:	223%
1 Year:	60%

Return on Equity
10 Years:	%
5 Years:	10%
3 Years:	12%
Last Year:	15%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:36 pm

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.01	0.01	0.01	5	5	11	15	15	15	15	15	16	16
Reserves	0	0	0	0	1	23	51	56	62	68	77	151	160
Borrowings	0	0	0	8	11	38	46	67	77	77	84	88	89
Other Liabilities	0	0	0	2	8	35	31	22	34	56	64	61	56
Total Liabilities	0	0	0	15	25	108	143	159	188	216	239	316	320
Fixed Assets	0	0	0	2	6	50	45	45	70	80	75	77	75
CWIP	0	0	0	9	14	0	6	20	1	3	7	10	18
Investments	0	0	0	0	0	4	9	10	14	15	16	38	32
Other Assets	0	0	0	5	5	54	83	84	103	117	141	191	195
Total Assets	0	0	0	15	25	108	143	159	188	216	239	316	320

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	0	0	0	-2	9	-9	-17	3	12	24	8	-20
Cash from Investing Activity +	0	0	0	-5	-10	-35	-12	-20	-11	-21	-3	-30
Cash from Financing Activity +	0	0	0	8	2	44	29	18	5	-9	0	54
Net Cash Flow	0	0	0	1	1	-0	0	1	6	-6	6	4

Free Cash Flow

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	0.00	0.00	0.00	-8.00	-10.00	-22.00	-28.00	-52.00	-58.00	-52.00	-61.00	-43.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days			0	0	69	63	61	61	50	67	91
Inventory Days			190	95	106	139	157	207	135	143	102
Days Payable			190	695	148	98	55	86	78	102	61
Cash Conversion Cycle			0	-601	26	105	163	183	107	108	133
Working Capital Days			461	-281	48	87	118	126	86	105	137
ROCE %	0%	0%		6%	28%	14%	8%	10%	12%	11%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2018	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Promoters	68.64%	68.64%	68.64%	68.64%	68.64%	68.91%	69.48%	71.45%	71.45%	71.45%	74.88%	72.53%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.56%	2.51%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.00%	0.31%
Public	31.36%	31.38%	31.37%	31.37%	31.37%	31.09%	30.51%	28.55%	28.55%	28.48%	24.56%	24.64%
No. of Shareholders	595	121	118	116	109	101	109	104	109	170	272	628

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	12.64	5.59	5.06	3.91	3.10
Diluted EPS (Rs.)	12.64	5.59	5.06	3.91	3.10
Cash EPS (Rs.)	18.31	11.54	10.31	8.16	7.10
Book Value[Excl.RevalReserv]/Share (Rs.)	108.72	60.90	55.15	50.93	46.86
Book Value[Incl.RevalReserv]/Share (Rs.)	108.72	60.90	55.15	50.93	46.86
Revenue From Operations / Share (Rs.)	210.22	167.56	166.21	100.07	93.39
PBDIT / Share (Rs.)	28.89	18.62	17.38	13.53	10.46
PBIT / Share (Rs.)	23.22	12.66	12.13	9.28	6.45
PBT / Share (Rs.)	17.51	7.75	7.01	5.41	4.29
Net Profit / Share (Rs.)	12.64	5.59	5.06	3.91	3.10
NP After MI And SOA / Share (Rs.)	12.64	5.59	5.06	3.91	3.10
PBDIT Margin (%)	13.74	11.11	10.45	13.52	11.20
PBIT Margin (%)	11.04	7.55	7.30	9.27	6.91
PBT Margin (%)	8.32	4.62	4.22	5.40	4.59
Net Profit Margin (%)	6.01	3.33	3.04	3.90	3.31
NP After MI And SOA Margin (%)	6.01	3.33	3.04	3.90	3.31
Return on Networth / Equity (%)	11.62	9.17	9.18	7.66	6.60
Return on Capital Employeed (%)	19.04	14.07	14.27	11.13	8.95
Return On Assets (%)	6.21	3.30	3.51	3.12	2.93
Long Term Debt / Equity (X)	0.10	0.41	0.44	0.61	0.52
Total Debt / Equity (X)	0.52	1.08	0.94	1.01	0.94
Asset Turnover Ratio (%)	1.15	1.07	1.24	0.87	0.93
Current Ratio (X)	1.63	1.20	1.33	1.66	1.58
Quick Ratio (X)	1.12	0.61	0.59	0.77	0.80
Inventory Turnover Ratio (X)	3.47	2.59	2.93	2.14	2.56
Dividend Payout Ratio (NP) (%)	7.66	0.00	19.75	0.00	0.00
Dividend Payout Ratio (CP) (%)	5.29	0.00	9.70	0.00	0.00
Earning Retention Ratio (%)	92.34	0.00	80.25	0.00	0.00
Cash Earning Retention Ratio (%)	94.71	0.00	90.30	0.00	0.00
Interest Coverage Ratio (X)	5.06	3.79	3.39	3.50	4.83
Interest Coverage Ratio (Post Tax) (X)	3.21	2.14	1.99	2.01	2.43
Enterprise Value (Cr.)	2469.58	612.26	217.80	155.28	144.01
EV / Net Operating Revenue (X)	7.53	2.42	0.86	1.03	1.02
EV / EBITDA (X)	54.77	21.75	8.29	7.59	9.10
MarketCap / Net Operating Revenue (X)	7.29	2.06	0.56	0.56	0.56
Retention Ratios (%)	92.33	0.00	80.24	0.00	0.00
Price / BV (X)	14.10	5.66	1.70	1.12	1.13
Price / Net Operating Revenue (X)	7.29	2.06	0.56	0.56	0.56
EarningsYield	0.01	0.01	0.05	0.06	0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Spectrum Electrical Industries Ltd as of November 22, 2024 is: 2,132.19

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Spectrum Electrical Industries Ltd is Undervalued by 23.89% compared to the current share price 1,721.00

Intrinsic Value of Spectrum Electrical Industries Ltd as of November 22, 2024 is: 2,816.61

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Spectrum Electrical Industries Ltd is Undervalued by 63.66% compared to the current share price 1,721.00

Last 5 Year EPS CAGR: 32.10%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (49.92 cr) compared to borrowings (45.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (116.67 cr) and profit (6.92 cr) over the years.	The stock has a low average ROCE of 8.83%, which may not be favorable. The stock has a high average Working Capital Days of 73.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 18.67, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Spectrum Electrical Industries Ltd:
1. Net Profit Margin: 6.01%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 19.04% (Industry Average ROCE: 16.28%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 11.62% (Industry Average ROE: 19.86%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.21
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.12
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 126 (Industry average Stock P/E: 134.9)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.52
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Spectrum Electrical Industries Ltd. is a Public Limited Listed company incorporated on 12/08/2008 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28100MH2008PLC185764 and registration number is 185764. Currently company belongs to the Industry of Electric Equipment - General. Company’s Total Operating Revenue is Rs. 251.30 Cr. and Equity Capital is Rs. 15.12 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Electric Equipment - General	Gat No. 139/1 and 139/2, Umala, Jalgaon Maharashtra 425003	info@spectrum-india.com http://www.spectrum-india.com

Management
Name	Position Held
Mr. Deepak Suresh Chaudhari	Chairman & Managing Director
Mrs. Bharti Deepak Chaudhari	Whole Time Director
Mr. Devendra Sudhakar Rane	Executive Director
Mr. Sanjay Padmakar Pawde	Independent Director
Mr. Narendra Daulatrao Wagh	Independent Director
Mr. Kishor Dalu Dhake	Independent Director
Mr. Saurabh Shrikant Malpani	Independent Director

FAQ

What is the latest intrinsic value of Spectrum Electrical Industries Ltd?

The latest intrinsic value of Spectrum Electrical Industries Ltd as on 21 November 2024 is ₹2132.19, which is 23.89% higher than the current market price of ₹1,721.00.

What is the Market Cap of Spectrum Electrical Industries Ltd?

The Market Cap of Spectrum Electrical Industries Ltd is 2,686 Cr..

What is the current Stock Price of Spectrum Electrical Industries Ltd as on 21 November 2024?

The current stock price of Spectrum Electrical Industries Ltd as on 21 November 2024 is ₹1,721.

What is the High / Low of Spectrum Electrical Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Spectrum Electrical Industries Ltd stocks is 2,520/1,023.

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

The Stock P/E of Spectrum Electrical Industries Ltd is 126.

What is the Book Value of Spectrum Electrical Industries Ltd?

The Book Value of Spectrum Electrical Industries Ltd is 112.

What is the Dividend Yield of Spectrum Electrical Industries Ltd?

The Dividend Yield of Spectrum Electrical Industries Ltd is 0.06 %.

What is the ROCE of Spectrum Electrical Industries Ltd?

The ROCE of Spectrum Electrical Industries Ltd is 16.6 %.

What is the ROE of Spectrum Electrical Industries Ltd?

The ROE of Spectrum Electrical Industries Ltd is 15.1 %.

What is the Face Value of Spectrum Electrical Industries Ltd?

The Face Value of Spectrum Electrical Industries Ltd is 10.0.

Share Price and Basic Stock Data

Stock P/E, Current Price, and Intrinsic Value Over Time

Competitors of Spectrum Electrical Industries Ltd

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

Stock Analysis

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Spectrum Electrical Industries Ltd?

What is the Market Cap of Spectrum Electrical Industries Ltd?

What is the current Stock Price of Spectrum Electrical Industries Ltd as on 21 November 2024?

What is the High / Low of Spectrum Electrical Industries Ltd stocks in FY 2024?

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

What is the Book Value of Spectrum Electrical Industries Ltd?

What is the Dividend Yield of Spectrum Electrical Industries Ltd?

What is the ROCE of Spectrum Electrical Industries Ltd?

What is the ROE of Spectrum Electrical Industries Ltd?

What is the Face Value of Spectrum Electrical Industries Ltd?

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