Spectrum Electrical Industries Ltd.

•

₹ 2,121.8-4.1%

2026-08-21

spectrum-india.comBSE: 544386NSE: SPECTRUM

Market Cap₹ 3,644 Cr.

Current Price₹ 2,212

High / Low₹ 2,637 / 1,050

Stock P/E63.4

Book Value₹ 164

Price to Book17.08

Dividend Yield0.00 %

ROCE16.0 %

ROE14.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has delivered good profit growth of 40.3% CAGR over last 5 years
Latest quarter profit grew 131.9% YoY, showing strong momentum
Company has delivered good sales growth of 23.3% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Operating margins have improved to 13.2% from 8.9%

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.38x)
Total debt has risen sharply - up 92.4% year on year
Stock is trading at 17.1x its book value
Free cash flow has been persistently negative

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

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsElectric Equipment

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ABB	7400.00	52.48	156812.20	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	POWERINDIA	33550.00	0.00	149540.28	0.02	294.15	123.52	2493.69	74.46	28.73	14.58
3.	SIEMENS	3880.10	42.19	138178.32	0.46	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	CGPOWER	862.90	108.75	135945.59	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3483.60	0.00	124058.14	0.11	4409.00	1578.34	24856.00	1292.81	40.19	23.56
6.	GVT&D	4119.00	564.77	105465.57	0.24	362.99	24.65	1836.14	38.04	75.51	25.10
7.	HAVELLS	1278.00	49.11	80202.38	0.78	289.71	-16.64	6518.19	19.48	25.74	7.15
8.	WAAREEENER	2688.00	20.26	77320.68	0.15	891.87	15.39	7931.79	79.22	34.71	18.15
9.	APARINDS	16607.65	58.86	69540.11	0.36	4674.50	1677.98	65910.60	1191.31	33.47	11.50
10.	SUZLON	46.78	20.45	64302.09	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1254.75	0.00	30001.58	0.00	124.40	201.65	6513.60	947.83	31.01	5.23
12.	SPECTRUM	2318.90	63.43	3643.88	0.00	13.05	131.89	154.55	80.91	16.01	15.69

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	124	75	87	71	169	85	118	125	283	155
	111	66	79	61	143	74	102	106	237	139
Operating Profit	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	3	0	4	0	1	2	2	1	2	2
Interest	5	3	2	4	4	5	3	5	7	5
Depreciation	2	2	3	2	2	3	3	3	6	3
	9	4	7	4	20	6	12	12	34	18
Tax %	28.77%	53.90%	35.20%	38.34%	31.48%	11.20%	34.09%	17.33%	21.95%	25.99%
Net Profit	0	0	0	0	14	6	8	10	26	13
	4	1	5	2	9	4	5	6	17	1
Equity Capital	16	16	16	16	16	16	16	16	16	16
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	16	16	16	16	16	16	16	16	16	16
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2024

: 124
: 111
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 5
Depreciation: 2
: 9
Tax %: 28.77%
Net Profit: 0
: 4
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 75
: 66
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 2
: 4
Tax %: 53.90%
Net Profit: 0
: 1
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 87
: 79
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 2
Depreciation: 3
: 7
Tax %: 35.20%
Net Profit: 0
: 5
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 71
: 61
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 2
: 4
Tax %: 38.34%
Net Profit: 0
: 2
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 169
: 143
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 2
: 20
Tax %: 31.48%
Net Profit: 14
: 9
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 85
: 74
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 5
Depreciation: 3
: 6
Tax %: 11.20%
Net Profit: 6
: 4
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 118
: 102
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 3
Depreciation: 3
: 12
Tax %: 34.09%
Net Profit: 8
: 5
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 125
: 106
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 3
: 12
Tax %: 17.33%
Net Profit: 10
: 6
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 283
: 237
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 7
Depreciation: 6
: 34
Tax %: 21.95%
Net Profit: 26
: 17
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 155
: 139
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 5
Depreciation: 3
: 18
Tax %: 25.99%
Net Profit: 13
: 1
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	147	141	151	251	253	328	402	681
	129	126	133	226	230	288	349	585
Operating Profit	20	16	20	26	28	47	58	—
OPM %	14	11	14	10	11	14	15	—
Other Income	3	1	2	1	5	7	5	7
Interest	5	3	6	8	7	10	13	20
Depreciation	6	6	6	8	9	10	9	16
	10	6	8	11	12	27	36	76
Tax %	28	28	28	28	28	28	29	24
Net Profit	7	5	6	8	8	19	25	58
EPS	9	3	4	5	6	12	16	—
Dividend Payout %	0	0	26	20	0	8	0	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	5	3	4	5	6	12	16	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	5	3	4	5	6	12	16	—

Mar 2019

: 147
: 129
Operating Profit: 20
OPM %: 14
Other Income: 3
Interest: 5
Depreciation: 6
: 10
Tax %: 28
Net Profit: 7
EPS: 9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2020

: 141
: 126
Operating Profit: 16
OPM %: 11
Other Income: 1
Interest: 3
Depreciation: 6
: 6
Tax %: 28
Net Profit: 5
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2021

: 151
: 133
Operating Profit: 20
OPM %: 14
Other Income: 2
Interest: 6
Depreciation: 6
: 8
Tax %: 28
Net Profit: 6
EPS: 4
Dividend Payout %: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2022

: 251
: 226
Operating Profit: 26
OPM %: 10
Other Income: 1
Interest: 8
Depreciation: 8
: 11
Tax %: 28
Net Profit: 8
EPS: 5
Dividend Payout %: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2023

: 253
: 230
Operating Profit: 28
OPM %: 11
Other Income: 5
Interest: 7
Depreciation: 9
: 12
Tax %: 28
Net Profit: 8
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2024

: 328
: 288
Operating Profit: 47
OPM %: 14
Other Income: 7
Interest: 10
Depreciation: 10
: 27
Tax %: 28
Net Profit: 19
EPS: 12
Dividend Payout %: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12

Mar 2025

: 402
: 349
Operating Profit: 58
OPM %: 15
Other Income: 5
Interest: 13
Depreciation: 9
: 36
Tax %: 29
Net Profit: 25
EPS: 16
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16

TTM

: 681
: 585
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 20
Depreciation: 16
: 76
Tax %: 24
Net Profit: 58
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 23%
3 Years:: 17%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 40%
3 Years:: 50%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 109%
3 Years:: 30%
1 Year:: 46%

RETURN ON EQUITY

10 Years:: —
5 Years:: 11%
3 Years:: 13%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-
Equity Capital	15	15	15	15	15	16	16
	51	56	62	68	77	147	172
	21	29	30	31	47	59	90
Trade Payables	25	13	23	38	49	38	38
	32	46	59	65	67	63	136
Total Liabilities	143	159	189	218	255	322	451
ASSETS	-	-	-	-	-	-	-
	45	45	70	80	79	87	138
Capital Work in Progress	6	20	5	9	15	23	38
	9	10	11	12	13	0	1
	36	39	56	66	70	65	76
	0	0	0	0	42	82	124
Cash & Bank	2	3	9	2	9	12	5
	45	42	39	48	29	55	68
Total Assets	143	159	189	218	255	322	451
Total Debt	46	67	78	79	99	88	168
Net Working Capital	25	29	33	29	24	43	54
Contingent Liabilities	0	0	0	0	0	0	0
Book Value per Share	43.77	46.86	50.93	55.15	60.90	103.91	120.18
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	46	67	78	79	99	88	168
Net Working Capital	25	29	33	29	24	43	54
Contingent Liabilities	0	0	0	0	0	0	0
Book Value per Share	43.77	46.86	50.93	55.15	60.90	103.91	120.18
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2019

Equity Capital: 15
: 51
: 21
Trade Payables: 25
: 32
Total Liabilities: 143
: 45
Capital Work in Progress: 6
: 9
: 36
: 0
Cash & Bank: 2
: 45
Total Assets: 143
Total Debt: 46
Net Working Capital: 25
Contingent Liabilities: 0
Book Value per Share: 43.77
Face Value: 10.00
Total Debt: 46
Net Working Capital: 25
Contingent Liabilities: 0
Book Value per Share: 43.77
Face Value: 10.00

Mar 2020

Equity Capital: 15
: 56
: 29
Trade Payables: 13
: 46
Total Liabilities: 159
: 45
Capital Work in Progress: 20
: 10
: 39
: 0
Cash & Bank: 3
: 42
Total Assets: 159
Total Debt: 67
Net Working Capital: 29
Contingent Liabilities: 0
Book Value per Share: 46.86
Face Value: 10.00
Total Debt: 67
Net Working Capital: 29
Contingent Liabilities: 0
Book Value per Share: 46.86
Face Value: 10.00

Mar 2021

Equity Capital: 15
: 62
: 30
Trade Payables: 23
: 59
Total Liabilities: 189
: 70
Capital Work in Progress: 5
: 11
: 56
: 0
Cash & Bank: 9
: 39
Total Assets: 189
Total Debt: 78
Net Working Capital: 33
Contingent Liabilities: 0
Book Value per Share: 50.93
Face Value: 10.00
Total Debt: 78
Net Working Capital: 33
Contingent Liabilities: 0
Book Value per Share: 50.93
Face Value: 10.00

Mar 2022

Equity Capital: 15
: 68
: 31
Trade Payables: 38
: 65
Total Liabilities: 218
: 80
Capital Work in Progress: 9
: 12
: 66
: 0
Cash & Bank: 2
: 48
Total Assets: 218
Total Debt: 79
Net Working Capital: 29
Contingent Liabilities: 0
Book Value per Share: 55.15
Face Value: 10.00
Total Debt: 79
Net Working Capital: 29
Contingent Liabilities: 0
Book Value per Share: 55.15
Face Value: 10.00

Mar 2023

Equity Capital: 15
: 77
: 47
Trade Payables: 49
: 67
Total Liabilities: 255
: 79
Capital Work in Progress: 15
: 13
: 70
: 42
Cash & Bank: 9
: 29
Total Assets: 255
Total Debt: 99
Net Working Capital: 24
Contingent Liabilities: 0
Book Value per Share: 60.90
Face Value: 10.00
Total Debt: 99
Net Working Capital: 24
Contingent Liabilities: 0
Book Value per Share: 60.90
Face Value: 10.00

Mar 2024

Equity Capital: 16
: 147
: 59
Trade Payables: 38
: 63
Total Liabilities: 322
: 87
Capital Work in Progress: 23
: 0
: 65
: 82
Cash & Bank: 12
: 55
Total Assets: 322
Total Debt: 88
Net Working Capital: 43
Contingent Liabilities: 0
Book Value per Share: 103.91
Face Value: 10.00
Total Debt: 88
Net Working Capital: 43
Contingent Liabilities: 0
Book Value per Share: 103.91
Face Value: 10.00

Mar 2025

Equity Capital: 16
: 172
: 90
Trade Payables: 38
: 136
Total Liabilities: 451
: 138
Capital Work in Progress: 38
: 1
: 76
: 124
Cash & Bank: 5
: 68
Total Assets: 451
Total Debt: 168
Net Working Capital: 54
Contingent Liabilities: 0
Book Value per Share: 120.18
Face Value: 10.00
Total Debt: 168
Net Working Capital: 54
Contingent Liabilities: 0
Book Value per Share: 120.18
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-17	3	15	21	2	4	-26
Cash from Investing	-12	-20	-15	-23	-9	-38	-53
Cash from Financing	29	18	5	-5	14	37	72
	0	1	6	-6	6	3	-7
Free Cash Flow	-17	-16	-1	-1	-12	4	-102
OCF / Net Profit	-2.35	0.75	2.53	2.76	0.22	0.21	-1.03
Cumulative 5-Year FCF	0	0	0	0	0	-26	-112
OCF / Net Profit	-2.35	0.75	2.53	2.76	0.22	0.21	-1.03
Cumulative 5-Year FCF	0	0	0	0	0	-26	-112

Mar 2019

: -17
Cash from Investing: -12
Cash from Financing: 29
: 0
Free Cash Flow: -17
OCF / Net Profit: -2.35
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.35
Cumulative 5-Year FCF: 0

Mar 2020

: 3
Cash from Investing: -20
Cash from Financing: 18
: 1
Free Cash Flow: -16
OCF / Net Profit: 0.75
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.75
Cumulative 5-Year FCF: 0

Mar 2021

: 15
Cash from Investing: -15
Cash from Financing: 5
: 6
Free Cash Flow: -1
OCF / Net Profit: 2.53
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.53
Cumulative 5-Year FCF: 0

Mar 2022

: 21
Cash from Investing: -23
Cash from Financing: -5
: -6
Free Cash Flow: -1
OCF / Net Profit: 2.76
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.76
Cumulative 5-Year FCF: 0

Mar 2023

: 2
Cash from Investing: -9
Cash from Financing: 14
: 6
Free Cash Flow: -12
OCF / Net Profit: 0.22
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.22
Cumulative 5-Year FCF: 0

Mar 2024

: 4
Cash from Investing: -38
Cash from Financing: 37
: 3
Free Cash Flow: 4
OCF / Net Profit: 0.21
Cumulative 5-Year FCF: -26
OCF / Net Profit: 0.21
Cumulative 5-Year FCF: -26

Mar 2025

: -26
Cash from Investing: -53
Cash from Financing: 72
: -7
Free Cash Flow: -102
OCF / Net Profit: -1.03
Cumulative 5-Year FCF: -112
OCF / Net Profit: -1.03
Cumulative 5-Year FCF: -112

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-
EPS (₹)	4.86	3.10	3.91	5.06	5.59	12.48	16.41
Book Value (₹)	43.77	46.86	50.93	55.15	60.90	103.91	120.18
Dividend per Share (₹)	0.00	0.00	1.00	1.00	0.00	1.00	0.00
Cash EPS (₹)	8.56	7.10	8.16	10.31	11.54	19.12	22.35
PROFITABILITY	-	-	-	-	-	-	-
Operating Margin %	11.73%	9.53%	11.58%	8.93%	7.83%	10.48%	13.25%
Net Margin %	4.24%	2.82%	3.34%	2.60%	2.85%	5.06%	6.32%
ROE %	11.10%	6.83%	7.99%	9.55%	9.63%	15.27%	14.54%
ROCE %	13.14%	7.82%	9.60%	11.59%	10.83%	16.49%	16.01%
	5.12%	3.09%	3.39%	3.76%	3.57%	6.72%	6.57%
EFFICIENCY	-	-	-	-	-	-	-
Debtor Days	54	54	50	37	47	59	93
Inventory Days	75	82	98	75	83	64	64
Payable Days	98	78	68	63	92	69	50
	31	58	80	49	39	53	108
FINANCIAL HEALTH	-	-	-	-	-	-	-
Debt to Equity (x)	0.69x	0.94x	1.01x	0.94x	1.08x	0.54x	0.90x
Interest Coverage (x)	3.24x	2.98x	2.40x	2.37x	2.58x	3.75x	3.74x
	1.49x	1.58x	1.47x	1.33x	1.20x	1.33x	1.32x
GROWTH	-	-	-	-	-	-	-
Revenue Growth %	0.00%	-3.84%	7.16%	66.09%	0.82%	29.50%	22.60%
Operating Profit Growth %	0.00%	-22.18%	29.34%	28.40%	7.14%	67.09%	24.21%
Net Profit Growth %	0.00%	-36.25%	26.19%	29.62%	10.39%	129.79%	30.92%
	0.00%	0.00%	0.00%	0.00%	10.39%	123.35%	31.45%
VALUATION	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	61.73x	122.82x	125.11x
P/B (x)	0.00x	0.00x	0.00x	0.00x	5.66x	14.75x	17.08x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.00%
	0.00x	0.00x	0.00x	0.00x	21.75x	52.48x	57.65x

Mar 2019

EPS (₹): 4.86
Book Value (₹): 43.77
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.56
Operating Margin %: 11.73%
Net Margin %: 4.24%
ROE %: 11.10%
ROCE %: 13.14%
: 5.12%
Debtor Days: 54
Inventory Days: 75
Payable Days: 98
: 31
Debt to Equity (x): 0.69x
Interest Coverage (x): 3.24x
: 1.49x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 3.10
Book Value (₹): 46.86
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.10
Operating Margin %: 9.53%
Net Margin %: 2.82%
ROE %: 6.83%
ROCE %: 7.82%
: 3.09%
Debtor Days: 54
Inventory Days: 82
Payable Days: 78
: 58
Debt to Equity (x): 0.94x
Interest Coverage (x): 2.98x
: 1.58x
Revenue Growth %: -3.84%
Operating Profit Growth %: -22.18%
Net Profit Growth %: -36.25%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 3.91
Book Value (₹): 50.93
Dividend per Share (₹): 1.00
Cash EPS (₹): 8.16
Operating Margin %: 11.58%
Net Margin %: 3.34%
ROE %: 7.99%
ROCE %: 9.60%
: 3.39%
Debtor Days: 50
Inventory Days: 98
Payable Days: 68
: 80
Debt to Equity (x): 1.01x
Interest Coverage (x): 2.40x
: 1.47x
Revenue Growth %: 7.16%
Operating Profit Growth %: 29.34%
Net Profit Growth %: 26.19%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 5.06
Book Value (₹): 55.15
Dividend per Share (₹): 1.00
Cash EPS (₹): 10.31
Operating Margin %: 8.93%
Net Margin %: 2.60%
ROE %: 9.55%
ROCE %: 11.59%
: 3.76%
Debtor Days: 37
Inventory Days: 75
Payable Days: 63
: 49
Debt to Equity (x): 0.94x
Interest Coverage (x): 2.37x
: 1.33x
Revenue Growth %: 66.09%
Operating Profit Growth %: 28.40%
Net Profit Growth %: 29.62%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 5.59
Book Value (₹): 60.90
Dividend per Share (₹): 0.00
Cash EPS (₹): 11.54
Operating Margin %: 7.83%
Net Margin %: 2.85%
ROE %: 9.63%
ROCE %: 10.83%
: 3.57%
Debtor Days: 47
Inventory Days: 83
Payable Days: 92
: 39
Debt to Equity (x): 1.08x
Interest Coverage (x): 2.58x
: 1.20x
Revenue Growth %: 0.82%
Operating Profit Growth %: 7.14%
Net Profit Growth %: 10.39%
: 10.39%
P/E (x): 61.73x
P/B (x): 5.66x
Dividend Yield %: 0.00%
: 21.75x

Mar 2024

EPS (₹): 12.48
Book Value (₹): 103.91
Dividend per Share (₹): 1.00
Cash EPS (₹): 19.12
Operating Margin %: 10.48%
Net Margin %: 5.06%
ROE %: 15.27%
ROCE %: 16.49%
: 6.72%
Debtor Days: 59
Inventory Days: 64
Payable Days: 69
: 53
Debt to Equity (x): 0.54x
Interest Coverage (x): 3.75x
: 1.33x
Revenue Growth %: 29.50%
Operating Profit Growth %: 67.09%
Net Profit Growth %: 129.79%
: 123.35%
P/E (x): 122.82x
P/B (x): 14.75x
Dividend Yield %: 0.07%
: 52.48x

Mar 2025

EPS (₹): 16.41
Book Value (₹): 120.18
Dividend per Share (₹): 0.00
Cash EPS (₹): 22.35
Operating Margin %: 13.25%
Net Margin %: 6.32%
ROE %: 14.54%
ROCE %: 16.01%
: 6.57%
Debtor Days: 93
Inventory Days: 64
Payable Days: 50
: 108
Debt to Equity (x): 0.90x
Interest Coverage (x): 3.74x
: 1.32x
Revenue Growth %: 22.60%
Operating Profit Growth %: 24.21%
Net Profit Growth %: 30.92%
: 31.45%
P/E (x): 125.11x
P/B (x): 17.08x
Dividend Yield %: 0.00%
: 57.65x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.53	72.53	72.53	72.53	72.53	72.72	72.72	72.72	72.72
	2.51	2.69	2.97	3.67	4.11	4.33	4.66	4.94	3.63
	0.31	0.33	0.33	0.34	0.34	0.34	0.34	0.34	0.36
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.64	24.45	24.17	23.45	23.02	22.61	22.28	22.00	23.29

Mar 2024

: 72.53
: 2.51
: 0.31
Government: 0.00
: 24.64

Sep 2024

: 72.53
: 2.69
: 0.33
Government: 0.00
: 24.45

Dec 2024

: 72.53
: 2.97
: 0.33
Government: 0.00
: 24.17

Mar 2025

: 72.53
: 3.67
: 0.34
Government: 0.00
: 23.45

Jun 2025

: 72.53
: 4.11
: 0.34
Government: 0.00
: 23.02

Sep 2025

: 72.72
: 4.33
: 0.34
Government: 0.00
: 22.61

Dec 2025

: 72.72
: 4.66
: 0.34
Government: 0.00
: 22.28

Mar 2026

: 72.72
: 4.94
: 0.34
Government: 0.00
: 22.00

Jun 2026

: 72.72
: 3.63
: 0.36
Government: 0.00
: 23.29

Documents

Announcements

Shareholders meeting
2026-08-20 - Spectrum Electrical Industries Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on August 20, 2026
Copy of Newspaper Publication
2026-08-15 - Spectrum Electrical Industries Limited has informed the Exchange about Copy of Newspaper Publication

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Dec 2024
TranscriptPPTREC
Feb 2024
TranscriptPPTREC