TeamLease Services Ltd.

•

₹ 1,245.20.25%

2026-08-21

group.teamlease.comBSE: 539658NSE: TEAMLEASE

Market Cap₹ 1,895 Cr.

Current Price₹ 1,242

High / Low₹ 1,944 / 1,065

Stock P/E12.8

Book Value₹ 704

Price to Book3.37

Dividend Yield0.00 %

ROCE14.5 %

ROE13.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • General Staffing & Allied Services: 92.9% • Specialised Staffing Services: 5.3% • Other HR Services: 1.8%

PROS

Company has delivered good profit growth of 25.9% CAGR over last 5 years
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 16.5% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.04x)

CONS

A large part of profit comes from other income (39.1% of PBT)
Total debt has risen sharply - up 47.4% year on year
Effective tax rate is unusually low at 3.5% - 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

EDIT COLUMNS

ServicesBusiness ServicesProfessional Services

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.	URBANCO	147.40	0.00	22731.74	0.00	-921.20	-13373.78	5283.40	1338.56	-8.23	-18.44
2.	BLS	271.30	15.83	11170.53	0.92	201.62	11.41	890.53	25.33	41.51	28.34
3.	SIS	413.85	39.92	5848.98	1.69	101.66	9.37	4603.58	29.73	7.39	4.66
4.	QUESS	336.50	19.90	5025.96	3.27	82.12	61.07	4181.68	14.52	24.72	2.02
5.	BLSE	314.00	49.09	2852.89	0.16	18.63	6.30	304.09	24.63	17.52	6.98
6.	TEAMLEASE	1239.85	12.80	1894.66	0.00	34.45	37.74	3034.69	4.96	14.52	1.05
7.	BLUSPRING	119.80	0.00	1791.04	0.00	-1.58	77.90	949.29	19.07	1.32	2.17
8.	KAPSTON	523.40	52.23	1592.82	0.00	84.89	1284.83	2216.57	1062.33	13.16	6.56
9.	UDS	216.75	16.72	1451.21	0.00	30.28	4.47	764.29	9.15	9.99	5.54
10.	GCSL	522.95	46.36	1263.41	0.13	12.80	1240.31	37.52	70.71	21.85	46.76
11.	KRYSTAL	628.70	14.31	878.42	0.24	17.41	5.92	360.71	11.65	17.52	6.33
12.	INNOVISION	266.95	17.22	635.70	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	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	14	13	10	9	14	11	10	10	13	9	24	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
	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
	16	16	18	16	12	15	17	21	16	16	25	26	2
Equity Capital	17	17	17	17	17	17	17	17	17	17	17	17	17
Reserves	0	0	0	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%	0.00%	0.00%	0.00%
Equity Capital	17	17	17	17	17	17	17	17	17	17	17	17	17
Reserves	0	0	0	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%	0.00%	0.00%	0.00%

Jun 2023

: 2,172
: 2,145
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 2
Depreciation: 12
: 26
Tax %: 0.27%
Net Profit: 0
: 16
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 2,273
: 2,241
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 2
Depreciation: 13
: 29
Tax %: 5.95%
Net Profit: 0
: 16
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 2,445
: 2,409
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 3
Depreciation: 14
: 33
Tax %: 5.53%
Net Profit: 0
: 18
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 2,432
: 2,395
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 3
Depreciation: 14
: 30
Tax %: 4.84%
Net Profit: 0
: 16
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 2,580
: 2,558
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 3
Depreciation: 13
: 20
Tax %: 4.06%
Net Profit: 19
: 12
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 2,797
: 2,763
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 4
Depreciation: 14
: 26
Tax %: 4.09%
Net Profit: 25
: 15
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 2,921
: 2,886
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 3
Depreciation: 13
: 29
Tax %: 0.67%
Net Profit: 28
: 17
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 2,858
: 2,810
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 4
Depreciation: 13
: 40
Tax %: 4.94%
Net Profit: 38
: 21
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 2,891
: 2,861
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 4
Depreciation: 14
: 26
Tax %: 4.82%
Net Profit: 25
: 16
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 3,032
: 2,994
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 4
Depreciation: 14
: 29
Tax %: 4.05%
Net Profit: 28
: 16
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 3,013
: 2,971
Operating Profit: —
OPM %: —
Other Income: 24
Interest: 3
Depreciation: 14
: 43
Tax %: 2.11%
Net Profit: 42
: 25
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 2,925
: 2,879
Operating Profit: —
OPM %: —
Other Income: 24
Interest: 3
Depreciation: 15
: 51
Tax %: 10.84%
Net Profit: 46
: 26
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 3,035
: 3,020
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 4
Depreciation: 13
: 36
Tax %: 4.99%
Net Profit: 34
: 2
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	2,505	3,041	3,624	4,448	5,201	4,881	6,480	7,870	9,322	11,156	12,005
	2,481	3,004	3,557	4,354	5,108	4,809	6,343	7,750	9,193	11,018	11,864
Operating Profit	41	59	84	113	126	133	162	166	177	183	—
OPM %	2	2	2	3	2	3	3	2	2	2	—
Other Income	18	22	17	18	33	61	25	46	48	45	78
Interest	1	1	2	5	12	7	4	6	10	15	14
Depreciation	3	6	9	11	29	34	41	43	53	54	56
	38	52	73	96	83	89	46	115	118	114	160
Tax %	34	-12	-1	-2	58	11	13	3	4	4	6
Net Profit	25	58	73	98	35	78	39	112	113	110	150
EPS	16	34	43	57	20	45	22	65	67	65	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	-1	-1	-0	-1	-2	-0
Share of Associates	0	0	0	0	0	0	0	0	0	0	1
Adjusted EPS	15	34	43	57	20	45	22	65	67	65	—
Minority Interest	0	0	0	0	0	-1	-1	-0	-1	-2	-0
Share of Associates	0	0	0	0	0	0	0	0	0	0	1
Adjusted EPS	15	34	43	57	20	45	22	65	67	65	—

Mar 2016

: 2,505
: 2,481
Operating Profit: 41
OPM %: 2
Other Income: 18
Interest: 1
Depreciation: 3
: 38
Tax %: 34
Net Profit: 25
EPS: 16
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2017

: 3,041
: 3,004
Operating Profit: 59
OPM %: 2
Other Income: 22
Interest: 1
Depreciation: 6
: 52
Tax %: -12
Net Profit: 58
EPS: 34
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 34
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 34

Mar 2018

: 3,624
: 3,557
Operating Profit: 84
OPM %: 2
Other Income: 17
Interest: 2
Depreciation: 9
: 73
Tax %: -1
Net Profit: 73
EPS: 43
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 43
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 43

Mar 2019

: 4,448
: 4,354
Operating Profit: 113
OPM %: 3
Other Income: 18
Interest: 5
Depreciation: 11
: 96
Tax %: -2
Net Profit: 98
EPS: 57
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 57
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 57

Mar 2020

: 5,201
: 5,108
Operating Profit: 126
OPM %: 2
Other Income: 33
Interest: 12
Depreciation: 29
: 83
Tax %: 58
Net Profit: 35
EPS: 20
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20

Mar 2021

: 4,881
: 4,809
Operating Profit: 133
OPM %: 3
Other Income: 61
Interest: 7
Depreciation: 34
: 89
Tax %: 11
Net Profit: 78
EPS: 45
Dividend Payout %: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 45
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 45

Mar 2022

: 6,480
: 6,343
Operating Profit: 162
OPM %: 3
Other Income: 25
Interest: 4
Depreciation: 41
: 46
Tax %: 13
Net Profit: 39
EPS: 22
Dividend Payout %: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 22
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 22

Mar 2023

: 7,870
: 7,750
Operating Profit: 166
OPM %: 2
Other Income: 46
Interest: 6
Depreciation: 43
: 115
Tax %: 3
Net Profit: 112
EPS: 65
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 65
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 65

Mar 2024

: 9,322
: 9,193
Operating Profit: 177
OPM %: 2
Other Income: 48
Interest: 10
Depreciation: 53
: 118
Tax %: 4
Net Profit: 113
EPS: 67
Dividend Payout %: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 67
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 67

Mar 2025

: 11,156
: 11,018
Operating Profit: 183
OPM %: 2
Other Income: 45
Interest: 15
Depreciation: 54
: 114
Tax %: 4
Net Profit: 110
EPS: 65
Dividend Payout %: 0
Minority Interest: -2
Share of Associates: 0
Adjusted EPS: 65
Minority Interest: -2
Share of Associates: 0
Adjusted EPS: 65

TTM

: 12,005
: 11,864
Operating Profit: —
OPM %: —
Other Income: 78
Interest: 14
Depreciation: 56
: 160
Tax %: 6
Net Profit: 150
EPS: —
Dividend Payout %: —
Minority Interest: -0
Share of Associates: 1
Adjusted EPS: —
Minority Interest: -0
Share of Associates: 1
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 19%
5 Years:: 16%
3 Years:: 20%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: 25%
3 Years:: 41%

STOCK PRICE CAGR

10 Years:: 2%
5 Years:: -21%
3 Years:: -18%
1 Year:: -32%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 12%
3 Years:: 14%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	17	17	17	17	17	17	17	17	17	17
	294	346	419	517	547	633	673	786	779	885
	19	1	7	11	76	0	28	19	31	45
Trade Payables	9	10	18	28	38	29	42	45	62	70
	254	279	385	452	563	627	779	893	1,041	1,122
Total Liabilities	593	653	846	1,024	1,241	1,306	1,538	1,761	1,929	2,138
ASSETS	-	-	-	-	-	-	-	-	-	-
	11	107	138	152	265	255	262	303	293	311
	0	10	59	41	25	70	53	194	3	76
	0	0	0	0	0	0	0	0	450	491
Cash & Bank	259	160	142	123	97	289	293	248	336	179
	323	375	507	708	854	692	929	1,016	848	1,082
Total Assets	593	653	846	1,024	1,241	1,306	1,538	1,761	1,929	2,138
Total Debt	19	1	7	11	76	0	28	19	31	45
Net Working Capital	238	147	88	72	-9	282	297	341	284	318
Contingent Liabilities	45	44	54	62	67	81	66	68	120	184
Book Value per Share	182.24	212.18	255.28	312.17	329.91	380.27	403.37	469.91	474.40	537.93
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	19	1	7	11	76	0	28	19	31	45
Net Working Capital	238	147	88	72	-9	282	297	341	284	318
Contingent Liabilities	45	44	54	62	67	81	66	68	120	184
Book Value per Share	182.24	212.18	255.28	312.17	329.91	380.27	403.37	469.91	474.40	537.93
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2016

Equity Capital: 17
: 294
: 19
Trade Payables: 9
: 254
Total Liabilities: 593
: 11
: 0
: 0
Cash & Bank: 259
: 323
Total Assets: 593
Total Debt: 19
Net Working Capital: 238
Contingent Liabilities: 45
Book Value per Share: 182.24
Face Value: 10.00
Total Debt: 19
Net Working Capital: 238
Contingent Liabilities: 45
Book Value per Share: 182.24
Face Value: 10.00

Mar 2017

Equity Capital: 17
: 346
: 1
Trade Payables: 10
: 279
Total Liabilities: 653
: 107
: 10
: 0
Cash & Bank: 160
: 375
Total Assets: 653
Total Debt: 1
Net Working Capital: 147
Contingent Liabilities: 44
Book Value per Share: 212.18
Face Value: 10.00
Total Debt: 1
Net Working Capital: 147
Contingent Liabilities: 44
Book Value per Share: 212.18
Face Value: 10.00

Mar 2018

Equity Capital: 17
: 419
: 7
Trade Payables: 18
: 385
Total Liabilities: 846
: 138
: 59
: 0
Cash & Bank: 142
: 507
Total Assets: 846
Total Debt: 7
Net Working Capital: 88
Contingent Liabilities: 54
Book Value per Share: 255.28
Face Value: 10.00
Total Debt: 7
Net Working Capital: 88
Contingent Liabilities: 54
Book Value per Share: 255.28
Face Value: 10.00

Mar 2019

Equity Capital: 17
: 517
: 11
Trade Payables: 28
: 452
Total Liabilities: 1,024
: 152
: 41
: 0
Cash & Bank: 123
: 708
Total Assets: 1,024
Total Debt: 11
Net Working Capital: 72
Contingent Liabilities: 62
Book Value per Share: 312.17
Face Value: 10.00
Total Debt: 11
Net Working Capital: 72
Contingent Liabilities: 62
Book Value per Share: 312.17
Face Value: 10.00

Mar 2020

Equity Capital: 17
: 547
: 76
Trade Payables: 38
: 563
Total Liabilities: 1,241
: 265
: 25
: 0
Cash & Bank: 97
: 854
Total Assets: 1,241
Total Debt: 76
Net Working Capital: -9
Contingent Liabilities: 67
Book Value per Share: 329.91
Face Value: 10.00
Total Debt: 76
Net Working Capital: -9
Contingent Liabilities: 67
Book Value per Share: 329.91
Face Value: 10.00

Mar 2021

Equity Capital: 17
: 633
: 0
Trade Payables: 29
: 627
Total Liabilities: 1,306
: 255
: 70
: 0
Cash & Bank: 289
: 692
Total Assets: 1,306
Total Debt: 0
Net Working Capital: 282
Contingent Liabilities: 81
Book Value per Share: 380.27
Face Value: 10.00
Total Debt: 0
Net Working Capital: 282
Contingent Liabilities: 81
Book Value per Share: 380.27
Face Value: 10.00

Mar 2022

Equity Capital: 17
: 673
: 28
Trade Payables: 42
: 779
Total Liabilities: 1,538
: 262
: 53
: 0
Cash & Bank: 293
: 929
Total Assets: 1,538
Total Debt: 28
Net Working Capital: 297
Contingent Liabilities: 66
Book Value per Share: 403.37
Face Value: 10.00
Total Debt: 28
Net Working Capital: 297
Contingent Liabilities: 66
Book Value per Share: 403.37
Face Value: 10.00

Mar 2023

Equity Capital: 17
: 786
: 19
Trade Payables: 45
: 893
Total Liabilities: 1,761
: 303
: 194
: 0
Cash & Bank: 248
: 1,016
Total Assets: 1,761
Total Debt: 19
Net Working Capital: 341
Contingent Liabilities: 68
Book Value per Share: 469.91
Face Value: 10.00
Total Debt: 19
Net Working Capital: 341
Contingent Liabilities: 68
Book Value per Share: 469.91
Face Value: 10.00

Mar 2024

Equity Capital: 17
: 779
: 31
Trade Payables: 62
: 1,041
Total Liabilities: 1,929
: 293
: 3
: 450
Cash & Bank: 336
: 848
Total Assets: 1,929
Total Debt: 31
Net Working Capital: 284
Contingent Liabilities: 120
Book Value per Share: 474.40
Face Value: 10.00
Total Debt: 31
Net Working Capital: 284
Contingent Liabilities: 120
Book Value per Share: 474.40
Face Value: 10.00

Mar 2025

Equity Capital: 17
: 885
: 45
Trade Payables: 70
: 1,122
Total Liabilities: 2,138
: 311
: 76
: 491
Cash & Bank: 179
: 1,082
Total Assets: 2,138
Total Debt: 45
Net Working Capital: 318
Contingent Liabilities: 184
Book Value per Share: 537.93
Face Value: 10.00
Total Debt: 45
Net Working Capital: 318
Contingent Liabilities: 184
Book Value per Share: 537.93
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-10	36	79	-12	10	303	-6	126	118	104
Cash from Investing	-119	-19	-24	2	-47	-12	-89	-123	41	-148
Cash from Financing	157	-23	-13	-6	-0	-44	-13	-24	-151	-35
	28	-6	42	-17	-38	247	-108	-21	7	-78
Free Cash Flow	-19	-41	40	-37	-158	294	-59	53	93	78
OCF / Net Profit	-0.42	0.62	1.08	-0.13	0.28	3.87	-0.16	1.13	1.05	0.94
Cumulative 5-Year FCF	0	0	0	0	-216	98	80	93	224	460
OCF / Net Profit	-0.42	0.62	1.08	-0.13	0.28	3.87	-0.16	1.13	1.05	0.94
Cumulative 5-Year FCF	0	0	0	0	-216	98	80	93	224	460

Mar 2016

: -10
Cash from Investing: -119
Cash from Financing: 157
: 28
Free Cash Flow: -19
OCF / Net Profit: -0.42
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.42
Cumulative 5-Year FCF: 0

Mar 2017

: 36
Cash from Investing: -19
Cash from Financing: -23
: -6
Free Cash Flow: -41
OCF / Net Profit: 0.62
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.62
Cumulative 5-Year FCF: 0

Mar 2018

: 79
Cash from Investing: -24
Cash from Financing: -13
: 42
Free Cash Flow: 40
OCF / Net Profit: 1.08
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.08
Cumulative 5-Year FCF: 0

Mar 2019

: -12
Cash from Investing: 2
Cash from Financing: -6
: -17
Free Cash Flow: -37
OCF / Net Profit: -0.13
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.13
Cumulative 5-Year FCF: 0

Mar 2020

: 10
Cash from Investing: -47
Cash from Financing: -0
: -38
Free Cash Flow: -158
OCF / Net Profit: 0.28
Cumulative 5-Year FCF: -216
OCF / Net Profit: 0.28
Cumulative 5-Year FCF: -216

Mar 2021

: 303
Cash from Investing: -12
Cash from Financing: -44
: 247
Free Cash Flow: 294
OCF / Net Profit: 3.87
Cumulative 5-Year FCF: 98
OCF / Net Profit: 3.87
Cumulative 5-Year FCF: 98

Mar 2022

: -6
Cash from Investing: -89
Cash from Financing: -13
: -108
Free Cash Flow: -59
OCF / Net Profit: -0.16
Cumulative 5-Year FCF: 80
OCF / Net Profit: -0.16
Cumulative 5-Year FCF: 80

Mar 2023

: 126
Cash from Investing: -123
Cash from Financing: -24
: -21
Free Cash Flow: 53
OCF / Net Profit: 1.13
Cumulative 5-Year FCF: 93
OCF / Net Profit: 1.13
Cumulative 5-Year FCF: 93

Mar 2024

: 118
Cash from Investing: 41
Cash from Financing: -151
: 7
Free Cash Flow: 93
OCF / Net Profit: 1.05
Cumulative 5-Year FCF: 224
OCF / Net Profit: 1.05
Cumulative 5-Year FCF: 224

Mar 2025

: 104
Cash from Investing: -148
Cash from Financing: -35
: -78
Free Cash Flow: 78
OCF / Net Profit: 0.94
Cumulative 5-Year FCF: 460
OCF / Net Profit: 0.94
Cumulative 5-Year FCF: 460

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	14.51	33.67	42.96	57.34	20.46	45.33	22.48	65.11	66.88	64.85
Book Value (₹)	182.24	212.18	255.28	312.17	329.91	380.27	403.37	469.91	474.40	537.93
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	16.26	37.24	48.32	63.49	37.18	65.61	46.93	90.47	98.50	97.88
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	1.65%	1.93%	2.33%	2.53%	2.42%	2.73%	2.50%	2.11%	1.38%	1.24%
Net Margin %	0.99%	1.89%	2.03%	2.20%	0.67%	1.61%	0.61%	1.42%	1.21%	0.99%
ROE %	10.77%	17.07%	18.38%	20.21%	6.37%	12.93%	5.89%	14.94%	14.09%	13.01%
ROCE %	15.99%	15.06%	18.37%	20.35%	15.90%	14.68%	7.22%	15.60%	15.46%	14.52%
	5.45%	9.24%	9.80%	10.48%	3.09%	6.16%	2.77%	6.76%	6.11%	5.43%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	15	18	20	20	20	21	18	17	16	15
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	15	18	20	20	20	21	18	17	16	15
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.06x	0.00x	0.02x	0.02x	0.14x	0.00x	0.04x	0.02x	0.04x	0.05x
Interest Coverage (x)	70.63x	47.95x	30.41x	19.45x	7.75x	13.83x	12.49x	21.22x	12.51x	8.74x
	2.02x	1.55x	1.22x	1.15x	0.98x	1.52x	1.43x	1.45x	1.30x	1.31x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	24.80%	21.41%	19.16%	22.72%	16.93%	-6.14%	32.74%	21.45%	18.44%	19.68%
Operating Profit Growth %	16.45%	41.90%	43.79%	33.28%	11.93%	5.79%	21.67%	2.54%	6.48%	3.29%
Net Profit Growth %	-19.44%	132.15%	27.59%	33.45%	-64.32%	124.37%	-49.72%	182.73%	1.00%	-1.94%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.71%	-3.02%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	40.99x	27.92x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.78x	3.37x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	24.25x	15.88x

Mar 2016

EPS (₹): 14.51
Book Value (₹): 182.24
Dividend per Share (₹): 0.00
Cash EPS (₹): 16.26
Operating Margin %: 1.65%
Net Margin %: 0.99%
ROE %: 10.77%
ROCE %: 15.99%
: 5.45%
Debtor Days: 15
Inventory Days: 0
Payable Days: 0
: 15
Debt to Equity (x): 0.06x
Interest Coverage (x): 70.63x
: 2.02x
Revenue Growth %: 24.80%
Operating Profit Growth %: 16.45%
Net Profit Growth %: -19.44%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 33.67
Book Value (₹): 212.18
Dividend per Share (₹): 0.00
Cash EPS (₹): 37.24
Operating Margin %: 1.93%
Net Margin %: 1.89%
ROE %: 17.07%
ROCE %: 15.06%
: 9.24%
Debtor Days: 18
Inventory Days: 0
Payable Days: 0
: 18
Debt to Equity (x): 0.00x
Interest Coverage (x): 47.95x
: 1.55x
Revenue Growth %: 21.41%
Operating Profit Growth %: 41.90%
Net Profit Growth %: 132.15%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 42.96
Book Value (₹): 255.28
Dividend per Share (₹): 0.00
Cash EPS (₹): 48.32
Operating Margin %: 2.33%
Net Margin %: 2.03%
ROE %: 18.38%
ROCE %: 18.37%
: 9.80%
Debtor Days: 20
Inventory Days: 0
Payable Days: 0
: 20
Debt to Equity (x): 0.02x
Interest Coverage (x): 30.41x
: 1.22x
Revenue Growth %: 19.16%
Operating Profit Growth %: 43.79%
Net Profit Growth %: 27.59%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 57.34
Book Value (₹): 312.17
Dividend per Share (₹): 0.00
Cash EPS (₹): 63.49
Operating Margin %: 2.53%
Net Margin %: 2.20%
ROE %: 20.21%
ROCE %: 20.35%
: 10.48%
Debtor Days: 20
Inventory Days: 0
Payable Days: 0
: 20
Debt to Equity (x): 0.02x
Interest Coverage (x): 19.45x
: 1.15x
Revenue Growth %: 22.72%
Operating Profit Growth %: 33.28%
Net Profit Growth %: 33.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 20.46
Book Value (₹): 329.91
Dividend per Share (₹): 0.00
Cash EPS (₹): 37.18
Operating Margin %: 2.42%
Net Margin %: 0.67%
ROE %: 6.37%
ROCE %: 15.90%
: 3.09%
Debtor Days: 20
Inventory Days: 0
Payable Days: 0
: 20
Debt to Equity (x): 0.14x
Interest Coverage (x): 7.75x
: 0.98x
Revenue Growth %: 16.93%
Operating Profit Growth %: 11.93%
Net Profit Growth %: -64.32%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 45.33
Book Value (₹): 380.27
Dividend per Share (₹): 0.00
Cash EPS (₹): 65.61
Operating Margin %: 2.73%
Net Margin %: 1.61%
ROE %: 12.93%
ROCE %: 14.68%
: 6.16%
Debtor Days: 21
Inventory Days: 0
Payable Days: 0
: 21
Debt to Equity (x): 0.00x
Interest Coverage (x): 13.83x
: 1.52x
Revenue Growth %: -6.14%
Operating Profit Growth %: 5.79%
Net Profit Growth %: 124.37%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 22.48
Book Value (₹): 403.37
Dividend per Share (₹): 0.00
Cash EPS (₹): 46.93
Operating Margin %: 2.50%
Net Margin %: 0.61%
ROE %: 5.89%
ROCE %: 7.22%
: 2.77%
Debtor Days: 18
Inventory Days: 0
Payable Days: 0
: 18
Debt to Equity (x): 0.04x
Interest Coverage (x): 12.49x
: 1.43x
Revenue Growth %: 32.74%
Operating Profit Growth %: 21.67%
Net Profit Growth %: -49.72%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 65.11
Book Value (₹): 469.91
Dividend per Share (₹): 0.00
Cash EPS (₹): 90.47
Operating Margin %: 2.11%
Net Margin %: 1.42%
ROE %: 14.94%
ROCE %: 15.60%
: 6.76%
Debtor Days: 17
Inventory Days: 0
Payable Days: 0
: 17
Debt to Equity (x): 0.02x
Interest Coverage (x): 21.22x
: 1.45x
Revenue Growth %: 21.45%
Operating Profit Growth %: 2.54%
Net Profit Growth %: 182.73%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 66.88
Book Value (₹): 474.40
Dividend per Share (₹): 0.00
Cash EPS (₹): 98.50
Operating Margin %: 1.38%
Net Margin %: 1.21%
ROE %: 14.09%
ROCE %: 15.46%
: 6.11%
Debtor Days: 16
Inventory Days: 0
Payable Days: 0
: 16
Debt to Equity (x): 0.04x
Interest Coverage (x): 12.51x
: 1.30x
Revenue Growth %: 18.44%
Operating Profit Growth %: 6.48%
Net Profit Growth %: 1.00%
: 2.71%
P/E (x): 40.99x
P/B (x): 5.78x
Dividend Yield %: 0.00%
: 24.25x

Mar 2025

EPS (₹): 64.85
Book Value (₹): 537.93
Dividend per Share (₹): 0.00
Cash EPS (₹): 97.88
Operating Margin %: 1.24%
Net Margin %: 0.99%
ROE %: 13.01%
ROCE %: 14.52%
: 5.43%
Debtor Days: 15
Inventory Days: 0
Payable Days: 0
: 15
Debt to Equity (x): 0.05x
Interest Coverage (x): 8.74x
: 1.31x
Revenue Growth %: 19.68%
Operating Profit Growth %: 3.29%
Net Profit Growth %: -1.94%
: -3.02%
P/E (x): 27.92x
P/B (x): 3.37x
Dividend Yield %: 0.00%
: 15.88x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Jun 2024

: 31.61
: 28.72
: 31.81
Government: 0.00
Public: 7.87

Sep 2024

: 31.61
: 24.72
: 34.61
Government: 0.00
Public: 9.07

Dec 2024

: 31.61
: 21.86
: 37.11
Government: 0.00
Public: 9.42

Mar 2025

: 31.61
: 11.01
: 47.65
Government: 0.00
Public: 9.74

Jun 2025

: 31.61
: 7.69
: 50.25
Government: 0.00
Public: 10.45

Sep 2025

: 31.11
: 6.68
: 50.72
Government: 0.00
Public: 11.49

Dec 2025

: 31.11
: 6.35
: 49.84
Government: 0.00
Public: 12.70

Mar 2026

: 31.11
: 6.76
: 49.60
Government: 0.00
Public: 12.52

Jun 2026

: 31.11
: 6.95
: 47.81
Government: 0.00
Public: 14.14

Documents

Announcements

General Updates
2026-08-20 - TeamLease Divestment of entire stake in Joint Venture Company; Crystal HR and Securities Solutions Private ( Crystal HR )
General Updates
2026-08-13 - TeamLease Execution of Exit Agreement with Joint Venture Company; Crystal HR and Securities Solutions Private Limited

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
TranscriptPPTREC
Jul 2026
TranscriptPPTREC
May 2026
Transcript PPTREC