Team Lease Services Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹845.58Overvalued by 29.06%vs CMP ₹1,192.00

P/E (11.9) × ROE (14.0%) × BV (₹622.00) × DY (2.00%)

₹1,433.92Undervalued by 20.30%vs CMP ₹1,192.00
MoS: +16.9% (Adequate)Confidence: 48/100 (Moderate)Models: 3 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,084.3823%Fair (-9%)
Graham NumberEarnings₹1,044.6017%Over (-12.4%)
Earnings PowerEarnings₹533.8111%Over (-55.2%)
DCFCash Flow₹2,058.8911%Under (+72.7%)
Net Asset ValueAssets₹683.017%Over (-42.7%)
EV/EBITDAEnterprise₹1,431.459%Under (+20.1%)
Earnings YieldEarnings₹779.707%Over (-34.6%)
ROCE CapitalReturns₹824.677%Over (-30.8%)
Revenue MultipleRevenue₹7,298.556%Under (+512.3%)
Consensus (9 models)₹1,433.92100%Undervalued
Key Drivers: EPS CAGR 28.2% lifts DCF — verify sustainability. | Wide model spread (₹534–₹7,299) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 28.2%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 25 September 2026, 5:32 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Team Lease Services Ltd: the stored intrinsic value estimate is ₹1,433.92, compared with a stored share price of ₹1,192.00. The model value is 20.3% above that quote. The model classifies this as undervalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation.

Operating performance

Revenue for Mar 2025 was ₹11,156.00 Cr, versus ₹9,322.00 Cr in Mar 2024 (19.7% year on year). Net profit for Mar 2025 was ₹110.00 Cr, versus ₹113.00 Cr in Mar 2024 (-2.7% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹104.00 Cr against net profit of ₹110.00 Cr. Cash flow covered 0.95 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹116.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

75
Team Lease Services Ltd scores 75/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health85/100 · Strong
ROCE 14.6% GoodROE 14.0% GoodD/E 0.04 Low debtInterest Coverage 12.4x StrongProfitable 5/5 available years Reported history
Smart Money50/100 · Moderate
FII holding up 0.27% (6mo) Slight increaseDII holding down 2.91% MF sellingPromoter holding at 31.1% StableShareholders up 75% Retail surge
Earnings Quality75/100 · Strong
CFO/NP ratio: 1.04x Cash-backed earningsOPM stable around 1% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +33% YoY Strong
Industry Rank65/100 · Strong
P/E 11.9 vs industry 40.2 Lower P/EROCE 14.6% vs industry 13.0% Average3Y sales CAGR: 20% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

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Share Price and Basic Stock Data

Last Updated: September 25, 2026, 5:32 am

Market Cap 1,822 Cr.
Current Price 1,192
Intrinsic Value₹1,436.11
High / Low 1,873/1,063
Stock P/E11.9
Book Value 622
Dividend Yield0.00 %
ROCE14.6 %
ROE14.0 %
Face Value 10.0
PEG Ratio0.42

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

View Share Price Target for Team Lease Services Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Team Lease Services Ltd 1,822 Cr. 1,192 1,873/1,06311.9 6220.00 %14.6 %14.0 % 10.0
Kapston Services Ltd 1,759 Cr. 578 600/16357.8 38.20.00 %15.0 %27.3 % 5.00
EKI Energy Services Ltd 274 Cr. 99.0 116/60.0 1512.02 %1.61 %1.83 % 10.0
Affordable Robotic & Automation Ltd 210 Cr. 177 297/12035.9 98.10.00 %8.80 %6.60 % 10.0
Aarvi Encon Limited 202 Cr. 136 168/11610.2 95.91.47 %14.7 %13.5 % 10.0
Industry Average11,393.29 Cr545.2640.15147.670.64%12.98%12.61%8.65

All Competitor Stocks of Team Lease Services Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,0082,0272,1722,2732,4452,4322,5802,7972,9212,8582,8913,0323,013
Expenses 1,9771,9942,1452,2412,4092,3952,5582,7632,8862,8102,8612,9942,971
Operating Profit 32342632363722333547313842
OPM % 2%2%1%1%1%2%1%1%1%2%1%1%1%
Other Income 10814131491411101013918
Interest 2222333434443
Depreciation 11131213141413141313141414
Profit before tax 29262629333020262940262943
Tax % -1%8%0%6%6%5%4%4%1%5%5%4%2%
Net Profit 29242628312819252838252842
EPS in Rs 16.9414.0015.7416.2618.4916.3912.4014.6616.9520.8515.8316.4124.88

Last Updated: March 3, 2026, 2:20 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 2:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,5302,0072,5053,0413,6244,4485,2014,8816,4807,8709,32211,15611,794
Expenses 1,5181,9832,4793,0043,5564,3545,1084,7846,3377,7489,19111,01811,636
Operating Profit 1224263769949397142122131138159
OPM % 1%1%1%1%2%2%2%2%2%2%1%1%1%
Other Income 811152216183132-5241504550
Interest 00112512746101515
Depreciation 233691129344143535455
Profit before tax 183338527396838946115118114138
Tax % 0%6%34%-12%-1%-2%58%11%13%3%4%4%
Net Profit 183125587398357839112113110133
EPS in Rs 34.9560.2314.5133.6742.9757.3420.4645.3322.4865.1266.8864.8677.97
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)72.22%-19.35%132.00%25.86%34.25%-64.29%122.86%-50.00%187.18%0.89%-2.65%
Change in YoY Net Profit Growth (%)0.00%-91.58%151.35%-106.14%8.38%-98.53%187.14%-172.86%237.18%-186.29%-3.55%

Team Lease Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:19%
5 Years:16%
3 Years:20%
TTM:18%
Compounded Profit Growth
10 Years:13%
5 Years:24%
3 Years:3%
TTM:11%
Stock Price CAGR
10 Years:%
5 Years:-4%
3 Years:-17%
1 Year:-41%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:13%
Last Year:12%

Last Updated: September 5, 2025, 1:41 pm

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Balance Sheet

Last Updated: July 23, 2026, 5:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 0.511717171717171717171717
Reserves 1482943494255225556356767917818901,027
Borrowings 01917111242360100105118116
Other Liabilities 1642483064375405596367858561,0321,1201,641
Total Liabilities 3135796738861,0901,2551,3111,5381,7641,9352,1442,800
Fixed Assets 511107138152265255262303293311353
CWIP 400061115181711340
Investments 00105941257053194376203
Other Assets 3035675566898909549711,2041,2501,6281,7252,244
Total Assets 3135796738861,0901,2551,3111,5381,7641,9352,1442,800

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 34-103679-1210303-6126118104302
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 Flow 928-642-17-38247-108-217-7884
Free Cash Flow 31-153477-24-6294-201079774272
CFO/OP 135%62%164%211%78%102%170%37%165%127%96%115%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
PeriodMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Free Cash Flow31.00-15.0034.0077.00-24.00-6.00294.00-20.00107.0097.0074.00272.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 141518212322212121181816
Inventory Days
Days Payable
Cash Conversion Cycle 141518212322212121181816
Working Capital Days 1-3-3-3-8-5-7-5-3-5-23
ROCE %16%24%16%15%18%20%15%14%16%14%13%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 31.61%31.61%31.61%31.61%31.61%31.61%31.61%31.61%31.11%31.11%31.11%31.11%
FIIs 30.47%26.26%27.01%28.72%24.72%21.86%11.01%7.69%6.68%6.35%6.76%6.95%
DIIs 30.41%35.33%34.06%31.81%34.61%37.11%47.65%50.25%50.72%49.84%49.60%47.81%
Public 7.47%6.77%7.29%7.84%9.04%9.38%9.69%10.41%11.46%12.68%12.50%14.12%
Others 0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.03%0.03%0.03%0.03%
No. of Shareholders 22,64219,90818,32518,79821,24223,26424,23626,30327,61929,27627,14947,581

Shareholding Pattern Chart

No. of Shareholders

Team Lease Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Multi Cap Fund 1,118,734 0.26 137.861,018,7342026-01-26 03:42:549.82%
Mirae Asset Midcap Fund 906,759 0.61 111.74643,1592026-03-24 01:19:3240.99%
Franklin India Small Cap Fund 739,618 0.66 91.14N/AN/AN/A
ICICI Prudential Equity & Debt Fund 295,173 0.07 36.37N/AN/AN/A
Axis Small Cap Fund 271,086 0.12 33.41N/AN/AN/A
Nippon India Multi Asset Allocation Fund 247,063 0.21 30.45N/AN/AN/A
ICICI Prudential Technology Fund 226,777 0.21 27.95260,9982025-10-30 04:13:28-13.11%
Franklin India Flexi Cap Fund 201,314 0.13 24.81300,0002025-10-30 04:13:28-32.9%
ICICI Prudential Smallcap Fund 131,993 0.19 16.27N/AN/AN/A
Bandhan Multi Cap Fund 114,827 0.49 14.15N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 64.8667.0065.1222.4845.33
Diluted EPS (Rs.) 64.8667.0065.1222.4845.33
Cash EPS (Rs.) 97.7898.5090.4946.9366.25
Book Value[Excl.RevalReserv]/Share (Rs.) 540.79483.75479.90412.82383.71
Book Value[Incl.RevalReserv]/Share (Rs.) 540.79483.75479.90412.82383.71
Revenue From Operations / Share (Rs.) 6652.285558.454603.203790.082855.19
PBDIT / Share (Rs.) 109.01105.5397.2294.8177.92
PBIT / Share (Rs.) 77.0074.2171.9770.9558.21
PBT / Share (Rs.) 68.1770.2067.2826.6552.42
Net Profit / Share (Rs.) 65.7767.1865.2523.0846.53
NP After MI And SOA / Share (Rs.) 64.8566.8865.1222.4845.33
PBDIT Margin (%) 1.631.892.112.502.72
PBIT Margin (%) 1.151.331.561.872.03
PBT Margin (%) 1.021.261.460.701.83
Net Profit Margin (%) 0.981.201.410.601.62
NP After MI And SOA Margin (%) 0.971.201.410.591.58
Return on Networth / Equity (%) 11.9914.0513.785.5411.88
Return on Capital Employeed (%) 11.6312.4012.1614.2913.04
Return On Assets (%) 5.075.796.292.495.91
Total Debt / Equity (X) 0.040.030.020.030.00
Asset Turnover Ratio (%) 5.475.034.394.203.55
Current Ratio (X) 1.311.311.451.431.52
Quick Ratio (X) 1.311.311.451.431.52
Interest Coverage Ratio (X) 12.3517.3029.2040.8719.31
Interest Coverage Ratio (Post Tax) (X) 8.4511.6721.0129.0512.97
Enterprise Value (Cr.) 2918.994219.423606.167156.326149.45
EV / Net Operating Revenue (X) 0.260.450.451.101.26
EV / EBITDA (X) 15.9723.8421.7044.1546.16
MarketCap / Net Operating Revenue (X) 0.270.490.481.141.32
Price / BV (X) 3.355.764.7310.699.87
Price / Net Operating Revenue (X) 0.270.490.481.141.32
EarningsYield 0.030.020.020.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Team Lease Services Ltd and is it undervalued?

Team Lease Services Ltd: the stored intrinsic value estimate is ₹1,433.92, compared with a stored share price of ₹1,192.00. The model value is 20.3% above that quote. The model classifies this as undervalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Team Lease Services Ltd?

The stored share price is ₹1,192.00. Price-data record updated: 25 September 2026, 5:32 am +05:30. This is not a live quote. The stored 52-week high / low is 1,873/1,063; this is a rolling range, not a financial-year range.

How have Team Lease Services Ltd's revenue and profit changed?

Revenue for Mar 2025 was ₹11,156.00 Cr, versus ₹9,322.00 Cr in Mar 2024 (19.7% year on year). Net profit for Mar 2025 was ₹110.00 Cr, versus ₹113.00 Cr in Mar 2024 (-2.7% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Does Team Lease Services Ltd's profit convert into cash?

For the same Mar 2025 period, operating cash flow was ₹104.00 Cr against net profit of ₹110.00 Cr. Cash flow covered 0.95 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

What should I check in Team Lease Services Ltd's balance sheet?

Reported borrowings were ₹116.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Team Lease Services Ltd's P/E with other stocks?

The stored P/E is 11.90. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Team Lease Services Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.

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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 Team Lease Services 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