TeamLease Services Ltd.

•

group.teamlease.comBSE: 539658NSE: TEAMLEASE

Market Cap₹ 1,890 Cr.

Current Price

High / Low₹ 1,944 / 1,065

Stock P/E12.8

Book Value₹ 703

Price to Book1.82

Dividend Yield0.00 %

ROCE16.2 %

ROE14.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • General Staffing & Allied Services: 92.3% • Specialised Staffing Services: 5.7% • Other HR Services: 2.0%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 37.7% YoY, showing strong momentum
Company has delivered good sales growth of 19.3% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.44x)

CONS

A large part of profit comes from other income (45.7% of PBT)
Effective tax rate is unusually low at 5.9% - earnings may be flattered
Recurring exceptional / one-off items are inflating headline profit
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesBusiness ServicesProfessional Services

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	URBANCO	166.95	0.00	25746.71	0.00	-921.20	-13373.78	5283.40	1338.56	-8.23	-18.44
2.	BLS	231.65	13.51	9537.98	1.08	201.62	11.41	890.53	25.33	36.54	28.34
3.	SIS	420.05	40.52	5937.25	1.67	101.66	9.37	4603.58	29.73	7.39	4.66
4.	QUESS	350.00	20.70	5228.51	3.14	82.12	61.07	4181.68	14.52	24.72	2.02
5.	BLSE	314.65	49.19	2858.80	0.32	18.63	6.30	304.09	24.63	18.67	6.98
6.	BLUSPRING	131.50	100.98	1965.95	0.00	-1.58	77.90	949.29	19.07	1.32	2.17
7.	TEAMLEASE	1236.60	12.77	1889.70	0.00	34.45	37.74	3034.69	4.96	16.22	1.05
8.	KAPSTON	588.20	58.70	1790.02	0.00	84.89	1284.83	2216.57	1062.33	13.16	6.56
9.	GCSL	601.20	55.17	1503.32	0.12	128.00	1240.31	375.21	70.67	21.85	46.76
10.	UDS	207.45	16.00	1388.94	0.00	30.28	4.47	764.29	9.15	9.99	5.54
11.	KRYSTAL	615.35	14.01	859.76	0.24	17.41	5.92	360.71	11.65	16.36	6.33
12.	INNOVISION	261.10	16.84	621.77	0.00	-73.55	-771.26	2638.15	948.03	37.59	-3.82

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,172	2,273	2,445	2,432	2,580	2,797	2,921	2,858	2,891	3,032	3,013	2,925	3,035
	2,145	2,241	2,409	2,395	2,558	2,763	2,886	2,810	2,861	2,994	2,971	2,879	3,020
Operating Profit	26	32	36	37	22	33	35	47	31	38	42	46	14
OPM %	1.21%	1.40%	1.47%	1.51%	0.86%	1.20%	1.20%	1.66%	1.06%	1.26%	1.40%	1.56%	0.48%
	14	13	14	9	14	11	10	10	13	9	18	24	22
Interest	2	2	3	3	3	4	3	4	4	4	3	3	4
Depreciation	12	13	14	14	13	14	13	13	14	14	14	15	13
Profit before Tax	26	29	33	30	20	26	29	40	26	29	43	51	36
Tax %	0.27%	5.95%	5.53%	4.84%	4.06%	4.09%	0.67%	4.94%	4.82%	4.05%	2.11%	10.84%	4.99%
Net Profit	0	0	0	0	19	25	28	38	25	28	42	46	34
	15.53	16.26	18.49	16.39	12.40	14.66	16.95	20.85	15.83	16.41	24.88	26.18	20.79

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,041	3,624	4,448	5,201	4,881	6,480	7,870	9,322	11,156	11,791	12,005
	3,004	3,557	4,354	5,108	4,809	6,343	7,750	9,193	11,018	11,634	11,864
Operating Profit	37	68	94	93	72	137	120	129	138	157	141
OPM %	1.21%	1.86%	2.12%	1.79%	1.48%	2.11%	1.53%	1.38%	1.24%	1.33%	1.17%
	22	17	18	33	58	-46	44	52	45	63	72
Interest	1	2	5	12	7	4	6	10	15	14	14
Depreciation	6	9	11	29	34	41	43	53	54	56	56
Profit before Tax	52	73	96	83	89	46	115	118	114	150	160
Tax %	-11.77%	-1.27%	-1.68%	57.85%	11.36%	13.41%	3.03%	4.31%	3.52%	5.92%	5.92%
Net Profit	58	73	98	35	78	39	112	113	110	141	150
EPS	33.67	42.96	57.34	20.46	45.33	22.48	65.00	66.88	64.85	83.30	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 17%
5 Years:: 19%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: 19%
5 Years:: 13%
3 Years:: 8%

STOCK PRICE CAGR

10 Years:: 1%
5 Years:: -23%
3 Years:: -21%
1 Year:: -34%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 12%
3 Years:: 14%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	17	17	17	17	17	17	17	17	17	17
Minority Interest	0	0	0	0	4	13	13	13	16	17
	346	419	517	547	633	673	786	779	885	1,025
	28	22	26	116	19	56	90	87	96	101
Trade Payables	10	18	28	38	29	42	45	62	70	79
	252	370	437	523	604	738	810	971	1,055	1,549
Total Liabilities	653	846	1,024	1,241	1,306	1,538	1,761	1,929	2,138	2,787
	107	138	152	265	255	262	303	293	311	339
	10	59	41	25	70	53	194	3	76	203
	0	0	0	0	0	0	0	450	491	545
Cash & Bank	160	142	123	97	289	293	248	336	179	302
	375	507	708	854	692	929	1,016	848	1,082	1,399
Total Assets	653	846	1,024	1,241	1,306	1,538	1,761	1,929	2,138	2,787

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	61	145	74	95	165	53	202	118	104	302
Cash from Investing	-19	-24	2	-47	-12	-89	-123	41	-148	-175
Cash from Financing	-23	-13	-6	-0	-44	-13	-24	-151	-35	-42
	-6	42	-17	-38	247	-108	-21	7	-78	84

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	31.61	31.61	31.61	31.61	31.61	31.11	31.11	31.11	31.11
	28.72	24.72	21.86	11.01	7.69	6.68	6.35	6.76	6.95
	31.81	34.61	37.11	47.65	50.25	50.72	49.84	49.60	47.81
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	7.87	9.07	9.42	9.74	10.45	11.49	12.70	12.52	14.14

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-09-03 - TeamLease: Update on hearing date in respect of appeal filed with Hon ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to receipt of Order from Employees Provident Fund Organisation (EPFO)

2026-08-31

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-31 - TeamLease - Change in hearing date in respect of Writ Petition filed on June 12, 2026, before the Hon ble High Court of Karnataka

2026-08-26

Shareholders meeting

2026-08-26 - TeamLease - Notice and Annual Report of Twenty Sixth (26th) Annual General Meeting

2026-08-26

General Updates

2026-08-26 - TeamLease - Dispatch of Notice of Twenty Sixth (26th) Annual General Meeting

2026-08-25

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-25 - Teamlease Services Limited has informed the Exchange about Schedule of meet

2026-08-25

Outcome of Board Meeting

2026-08-25 - TeamLease - Outcome of Board Meeting held on August 25, 2026

2026-08-20

General Updates

2026-08-20 - TeamLease Divestment of entire stake in Joint Venture Company; Crystal HR and Securities Solutions Private ( Crystal HR )

2026-08-13

General Updates

2026-08-13 - TeamLease Execution of Exit Agreement with Joint Venture Company; Crystal HR and Securities Solutions Private Limited

2026-08-11

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-11 - Update on appeal filed with Hon ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to receipt of Order from Employees Provident Fund Organisation (EPFO)

News

Recent coverage and analyst commentary for TEAMLEASE

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TeamLease Services Ltd.

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Free 5nance Account

Name

URBANCO

166.95

0.00

25746.71

0.00

-921.20

-13373.78

5283.40

1338.56

-8.23

-18.44

BLS

231.65

13.51

9537.98

1.08

201.62

11.41

890.53

25.33

36.54

28.34

SIS

420.05

40.52

5937.25

1.67

101.66

9.37

4603.58

29.73

7.39

4.66

QUESS

350.00

20.70

5228.51

3.14

82.12

61.07

4181.68

14.52

24.72

2.02

BLSE

314.65

49.19

2858.80

0.32

18.63

6.30

304.09

24.63

18.67

6.98

BLUSPRING

131.50

100.98

1965.95

0.00

-1.58

77.90

949.29

19.07

1.32

2.17

TEAMLEASE

1236.60

12.77

1889.70

0.00

34.45

37.74

3034.69

4.96

16.22

1.05

KAPSTON

588.20

58.70

1790.02

0.00

84.89

1284.83

2216.57

1062.33

13.16

6.56

GCSL

601.20

55.17

1503.32

0.12

128.00

1240.31

375.21

70.67

21.85

46.76

UDS

207.45

16.00

1388.94

0.00

30.28

4.47

764.29

9.15

9.99

5.54

KRYSTAL

615.35

14.01

859.76

0.24

17.41

5.92

360.71

11.65

16.36

6.33

INNOVISION

261.10

16.84

621.77

0.00

-73.55

-771.26

2638.15

948.03

37.59

-3.82

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,172

2,273

2,445

2,432

2,580

2,797

2,921

2,858

2,891

3,032

3,013

2,925

3,035

2,145

2,241

2,409

2,395

2,558

2,763

2,886

2,810

2,861

2,994

2,971

2,879

3,020

Operating Profit

OPM %

1.21%

1.40%

1.47%

1.51%

0.86%

1.20%

1.66%

1.06%

1.26%

1.40%

1.56%

0.48%

Interest

Depreciation

Profit before Tax

Tax %

0.27%

5.95%

5.53%

4.84%

4.06%

4.09%

0.67%

4.94%

4.82%

4.05%

2.11%

10.84%

4.99%

Net Profit

15.53

16.26

18.49

16.39

12.40

14.66

16.95

20.85

15.83

16.41

24.88

26.18

20.79

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,041

3,624

4,448

5,201

4,881

6,480

7,870

9,322

11,156

11,791

12,005

3,004

3,557

4,354

5,108

4,809

6,343

7,750

9,193

11,018

11,634

11,864

Operating Profit

137

120

129

138

157

141

OPM %

1.21%

1.86%

2.12%

1.79%

1.48%

2.11%

1.53%

1.38%

1.24%

1.33%

1.17%

-46

Interest

Depreciation

Profit before Tax

115

118

114

150

160

Tax %

-11.77%

-1.27%

-1.68%

57.85%

11.36%

13.41%

3.03%

4.31%

3.52%

5.92%

Net Profit

112

113

110

141

150

EPS

33.67

42.96

57.34

20.46

45.33

22.48

65.00

66.88

64.85

83.30

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

346

419

517

547

633

673

786

779

885

1,025

116

101

Trade Payables

252

370

437

523

604

738

810

971

1,055

1,549

Total Liabilities

653

846

1,024

1,241

1,306

1,538

1,761

1,929

2,138

2,787

107

138

152

265

255

262

303

293

311

339

194

203

450

491

545

Cash & Bank

160

142

123

289

293

248

336

179

302

375

507

708

854

692

929

1,016

848

1,082

1,399

Total Assets

653

846

1,024

1,241

1,306

1,538

1,761

1,929

2,138

2,787

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

145

165

202

118

104

302

Cash from Investing

-19

-24

-47

-12

-89

-123

-148

-175

Cash from Financing

-23

-13

-6

-0

-44

-13

-24

-151

-35

-42

-6

-17

-38

247

-108

-21

-78

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

31.61

31.11

28.72

24.72

21.86

11.01

7.69

6.68

6.35

6.76

6.95

31.81

34.61

37.11

47.65

50.25

50.72

49.84

49.60

47.81

Government

0.00

Public

7.87

9.07

9.42

9.74

10.45

11.49

12.70

12.52

14.14

TeamLease Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

TeamLease Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI