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Last Updated: April 2, 2026, 3:42 am
Author: Getaka|Social: XLinkedIn

Spectrum Electrical Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹961.81Overvalued by 34.35%vs CMP ₹1,465.00

P/E (62.8) × ROE (13.7%) × BV (₹137.00) × DY (2.00%)

₹542.27Overvalued by 62.98%vs CMP ₹1,465.00
MoS: -170.2% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,306.3726%Over (-10.8%)
Graham NumberEarnings₹268.5119%Over (-81.7%)
DCFCash Flow₹473.3413%Over (-67.7%)
Net Asset ValueAssets₹137.468%Over (-90.6%)
EV/EBITDAEnterprise₹206.1911%Over (-85.9%)
Earnings YieldEarnings₹233.908%Over (-84%)
ROCE CapitalReturns₹224.308%Over (-84.7%)
Revenue MultipleRevenue₹252.656%Over (-82.8%)
Consensus (8 models)₹542.27100%Overvalued
Key Drivers: EPS CAGR 35.8% lifts DCF — verify sustainability. | Wide model spread (₹137–₹1,306) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 35.8%

*Investments are subject to market risks

Investment Snapshot

70
Spectrum Electrical Industries Ltd scores 70/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 15.7% GoodROE 13.7% GoodD/E 1.01 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.99% (6mo) Slight increasePromoter holding at 72.7% Stable
Earnings Quality75/100 · Strong
OPM expanding (10% → 13%) ImprovingWorking capital: 12 days (improving) Efficient
Quarterly Momentum90/100 · Strong
Revenue (4Q): +40% YoY AcceleratingProfit (4Q): +131% YoY Strong
Industry Rank50/100 · Moderate
P/E 62.8 vs industry 61.2 In-lineROCE 15.7% vs industry 16.4% Average3Y sales CAGR: 17% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:42 am

Market Cap 2,302 Cr.
Current Price 1,465
Intrinsic Value₹542.27
High / Low 1,993/1,006
Stock P/E62.8
Book Value 137
Dividend Yield0.00 %
ROCE15.7 %
ROE13.7 %
Face Value 10.0
PEG Ratio1.75

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

View Share Price Target for Spectrum Electrical Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Spectrum Electrical Industries Ltd 2,302 Cr. 1,465 1,993/1,00662.8 1370.00 %15.7 %13.7 % 10.0
Marine Electricals (India) Ltd 2,349 Cr. 170 258/15146.7 28.90.18 %17.5 %13.0 % 2.00
Kernex Microsystems (India) Ltd 1,606 Cr. 956 1,434/67230.5 1030.00 %23.8 %38.0 % 10.0
Servotech Power Systems Ltd 1,546 Cr. 68.4 168/57.547.8 10.70.07 %20.8 %19.0 % 1.00
Modern Insulators Ltd 1,080 Cr. 229 290/77.416.1 1060.00 %8.98 %7.36 % 10.0
Industry Average12,116.17 Cr516.5461.1898.010.35%16.40%15.91%6.47

All Competitor Stocks of Spectrum Electrical Industries Ltd

Quarterly Result

MetricMar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 126.3373.0482.0969.86172.0984.55116.06119.70
Expenses 113.2863.4673.9959.86147.4472.95101.30101.44
Operating Profit 13.059.588.1010.0024.6511.6014.7618.26
OPM % 10.33%13.12%9.87%14.31%14.32%13.72%12.72%15.25%
Other Income 2.120.372.031.091.092.481.751.20
Interest 4.593.232.313.654.144.542.544.71
Depreciation 2.272.312.742.162.172.742.762.84
Profit before tax 8.314.415.085.2819.436.8011.2111.91
Tax % 28.64%49.43%14.17%36.74%30.98%10.44%29.26%22.67%
Net Profit 5.932.234.363.3413.416.097.939.20
EPS in Rs 3.801.432.792.148.593.905.055.85

Last Updated: February 4, 2026, 2:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 10:46 pm

MetricMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0027120147141151251253322397492
Expenses 0025103129126133226230282345423
Operating Profit 0001161815192523405269
OPM % 23%19%14%12%10%12%10%9%12%13%14%
Other Income 0000011215657
Interest 0000433687101316
Depreciation 000046668910911
Profit before tax 0001810681112273549
Tax % 23%20%27%28%28%28%28%28%28%31%
Net Profit 0001675688192437
EPS in Rs 0.000.006.0110.6252.964.853.103.915.065.5712.2915.5623.39
Dividend Payout % 0%0%0%0%0%26%20%0%8%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)500.00%16.67%-28.57%20.00%33.33%0.00%137.50%26.32%
Change in YoY Net Profit Growth (%)0.00%-483.33%-45.24%48.57%13.33%-33.33%137.50%-111.18%

Spectrum Electrical Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:23%
3 Years:16%
TTM:23%
Compounded Profit Growth
10 Years:%
5 Years:39%
3 Years:47%
TTM:25%
Stock Price CAGR
10 Years:%
5 Years:89%
3 Years:179%
1 Year:-19%
Return on Equity
10 Years:%
5 Years:12%
3 Years:13%
Last Year:14%

Last Updated: September 5, 2025, 1:36 pm

Balance Sheet

Last Updated: December 10, 2025, 3:27 am

MonthMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.010.0155111515151515161616
Reserves 0001235156626877149174200
Borrowings 0081138466777778493166164
Other Liabilities 0028353122345664586977
Total Liabilities 001525108143159188216239316424457
Fixed Assets 002650454570807582128127
CWIP 009140620137101934
Investments 00004910141516355
Other Assets 0055548384103117141221272291
Total Assets 001525108143159188216239316424457

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0-0-29-9-17312248-14-18
Cash from Investing Activity + -0-0-5-10-35-12-20-11-21-3-34-40
Cash from Financing Activity + -0-0824429185-905249
Net Cash Flow -0-011-0016-664-8
Free Cash Flow -0-0-7-1-44-24-17-031-27-68
CFO/OP -358%742%-42%-83%36%76%106%50%-15%-15%

Free Cash Flow

MonthMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.000.00-8.00-10.00-22.00-28.00-52.00-58.00-52.00-61.00-53.00-114.00

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

MonthMar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 0069636161506791106
Inventory Days 1909510613915720713514310299
Days Payable 190695148985586781026156
Cash Conversion Cycle 0-60126105163183107108133150
Working Capital Days 461-281-136423426205612
ROCE %0%0%6%28%14%8%10%12%11%17%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 68.91%69.48%71.45%71.45%71.45%74.88%72.53%72.53%72.54%72.54%72.72%72.72%
FIIs 0.00%0.00%0.00%0.00%0.00%0.56%2.51%2.69%3.67%4.11%4.33%4.66%
DIIs 0.00%0.00%0.00%0.00%0.07%0.00%0.31%0.33%0.34%0.34%0.34%0.34%
Public 31.09%30.51%28.55%28.55%28.48%24.56%24.64%24.45%23.44%23.01%22.61%22.28%
No. of Shareholders 1011091041091702726281,1661,2171,6311,8021,925

Shareholding Pattern Chart

No. of Shareholders

Spectrum Electrical Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 16.4112.645.595.063.91
Diluted EPS (Rs.) 16.3012.645.595.063.91
Cash EPS (Rs.) 22.3518.3111.5410.318.16
Book Value[Excl.RevalReserv]/Share (Rs.) 122.11108.7260.9055.1550.93
Book Value[Incl.RevalReserv]/Share (Rs.) 122.11108.7260.9055.1550.93
Revenue From Operations / Share (Rs.) 257.74210.22167.56166.21100.07
PBDIT / Share (Rs.) 37.4328.8918.6217.3813.53
PBIT / Share (Rs.) 31.3723.2212.6612.139.28
PBT / Share (Rs.) 22.9817.517.757.015.41
Net Profit / Share (Rs.) 16.2912.645.595.063.91
NP After MI And SOA / Share (Rs.) 16.4112.645.595.063.91
PBDIT Margin (%) 14.5213.7411.1110.4513.52
PBIT Margin (%) 12.1711.047.557.309.27
PBT Margin (%) 8.918.324.624.225.40
Net Profit Margin (%) 6.326.013.333.043.90
NP After MI And SOA Margin (%) 6.366.013.333.043.90
Return on Networth / Equity (%) 13.4311.629.179.187.66
Return on Capital Employeed (%) 17.3019.0414.0714.2711.13
Return On Assets (%) 5.756.213.303.513.12
Long Term Debt / Equity (X) 0.350.100.410.440.61
Total Debt / Equity (X) 0.880.521.080.941.01
Asset Turnover Ratio (%) 1.061.151.071.240.87
Current Ratio (X) 1.331.631.201.331.66
Quick Ratio (X) 0.861.120.610.590.77
Inventory Turnover Ratio (X) 5.713.472.592.932.14
Dividend Payout Ratio (NP) (%) 0.007.660.0019.750.00
Dividend Payout Ratio (CP) (%) 0.005.290.009.700.00
Earning Retention Ratio (%) 0.0092.340.0080.250.00
Cash Earning Retention Ratio (%) 0.0094.710.0090.300.00
Interest Coverage Ratio (X) 4.465.063.793.393.50
Interest Coverage Ratio (Post Tax) (X) 2.943.212.141.992.01
Enterprise Value (Cr.) 3368.022469.58612.26217.80155.28
EV / Net Operating Revenue (X) 8.377.532.420.861.03
EV / EBITDA (X) 57.6554.7721.758.297.59
MarketCap / Net Operating Revenue (X) 7.977.292.060.560.56
Retention Ratios (%) 0.0092.330.0080.240.00
Price / BV (X) 16.8114.105.661.701.12
Price / Net Operating Revenue (X) 7.977.292.060.560.56
EarningsYield 0.010.010.010.050.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 397.09 Cr. and Equity Capital is Rs. 15.61 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralGat No. 139/1 and 139/2, Jalgaon Maharashtra 425003Contact not found
Management
NamePosition Held
Mr. Deepak Suresh ChaudhariChairman & Managing Director
Mrs. Bharti Deepak ChaudhariWhole Time Director
Mr. Devendra Sudhakar RaneExecutive Director
Mr. Sanjay Padmakar PawdeIndependent Director
Mr. Narendra Daulatrao WaghIndependent Director
Mr. Kishor Dalu DhakeIndependent Director
Mr. Saurabh Shrikant MalpaniIndependent Director
Mrs. Priya RathiIndependent Director

FAQ

What is the intrinsic value of Spectrum Electrical Industries Ltd and is it undervalued?

As of 15 April 2026, Spectrum Electrical Industries Ltd's intrinsic value is ₹542.27, which is 62.98% lower than the current market price of ₹1,465.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.7 %), book value (₹137), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Spectrum Electrical Industries Ltd?

Spectrum Electrical Industries Ltd is trading at ₹1,465.00 as of 15 April 2026, with a FY2026-2027 high of ₹1,993 and low of ₹1,006. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,302 Cr..

How does Spectrum Electrical Industries Ltd's P/E ratio compare to its industry?

Spectrum Electrical Industries Ltd has a P/E ratio of 62.8, which is above the industry average of 61.18. The premium over industry average may reflect growth expectations or speculative interest.

Is Spectrum Electrical Industries Ltd financially healthy?

Key indicators for Spectrum Electrical Industries Ltd: ROCE of 15.7 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Spectrum Electrical Industries Ltd profitable and how is the profit trend?

Spectrum Electrical Industries Ltd reported a net profit of ₹24 Cr in Mar 2025 on revenue of ₹397 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows an improving trend.

Does Spectrum Electrical Industries Ltd pay dividends?

Spectrum Electrical Industries Ltd has a dividend yield of 0.00 % at the current price of ₹1,465.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Spectrum Electrical Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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