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/E0.0

Book Value₹ 639

Price to Book3.54

Dividend Yield0.00 %

ROCE13.2 %

ROE11.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2024 • Staffing Operations: 99.6% • Other HR Services: 0.4%

PROS

Company is almost debt free
Company has delivered good sales growth of 16.4% CAGR over last 5 years
Company comfortably covers its interest (9.6x coverage)
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.5

CONS

A large part of profit comes from other income (58.2% of PBT)
Recent results are weak - TTM profit is down 10.8% versus prior year
Effective tax rate is unusually low at 1.1% - earnings may be flattered
Recurring exceptional / one-off items are inflating headline profit

* 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

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,954	2,052	2,222	2,212	2,383	2,576	2,686	2,592	2,640	2,750	2,720	2,625	2,739
	1,935	2,033	2,199	2,189	2,362	2,554	2,661	2,570	2,617	2,728	2,700	2,609	2,736
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	18	17	14	11	17	13	13	13	13	12	24	26	22
Interest	2	2	2	2	2	4	2	3	2	3	2	2	3
Depreciation	7	8	8	8	9	9	9	10	9	10	10	11	10
	28	27	30	24	27	22	26	22	25	21	29	23	25
Tax %	2.07%	5.77%	2.93%	-0.50%	-0.45%	0.98%	-0.08%	4.64%	-0.98%	-0.24%	-1.22%	6.32%	2.96%
Net Profit	27	25	29	24	27	22	26	21	25	21	30	22	24
	16	15	17	14	16	13	16	12	15	13	18	13	1
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

: 1,954
: 1,935
Operating Profit: —
OPM %: —
Other Income: 18
Interest: 2
Depreciation: 7
: 28
Tax %: 2.07%
Net Profit: 27
: 16
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 2,052
: 2,033
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 2
Depreciation: 8
: 27
Tax %: 5.77%
Net Profit: 25
: 15
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 2,222
: 2,199
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 2
Depreciation: 8
: 30
Tax %: 2.93%
Net Profit: 29
: 17
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 2,212
: 2,189
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 2
Depreciation: 8
: 24
Tax %: -0.50%
Net Profit: 24
: 14
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 2,383
: 2,362
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 2
Depreciation: 9
: 27
Tax %: -0.45%
Net Profit: 27
: 16
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 2,576
: 2,554
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 4
Depreciation: 9
: 22
Tax %: 0.98%
Net Profit: 22
: 13
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 2,686
: 2,661
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 2
Depreciation: 9
: 26
Tax %: -0.08%
Net Profit: 26
: 16
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 2,592
: 2,570
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 3
Depreciation: 10
: 22
Tax %: 4.64%
Net Profit: 21
: 12
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 2,640
: 2,617
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 2
Depreciation: 9
: 25
Tax %: -0.98%
Net Profit: 25
: 15
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 2,750
: 2,728
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 3
Depreciation: 10
: 21
Tax %: -0.24%
Net Profit: 21
: 13
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 2,720
: 2,700
Operating Profit: —
OPM %: —
Other Income: 24
Interest: 2
Depreciation: 10
: 29
Tax %: -1.22%
Net Profit: 30
: 18
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 2,625
: 2,609
Operating Profit: —
OPM %: —
Other Income: 26
Interest: 2
Depreciation: 11
: 23
Tax %: 6.32%
Net Profit: 22
: 13
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 2,739
: 2,736
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 3
Depreciation: 10
: 25
Tax %: 2.96%
Net Profit: 24
: 1
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	2,505	2,990	3,441	4,132	4,783	4,466	5,640	6,876	8,441	10,236	10,835
	2,481	2,960	3,391	4,060	4,711	4,426	5,559	6,803	8,357	10,147	10,773
Operating Profit	41	54	75	102	118	112	118	130	145	146	—
OPM %	2	2	2	2	2	3	2	2	2	1	—
Other Income	17	24	26	30	46	72	37	57	62	57	84
Interest	1	1	1	2	9	6	4	5	8	11	10
Depreciation	3	4	4	3	15	15	18	23	32	37	41
	37	49	71	97	95	91	24	99	109	97	98
Tax %	35	-1	-3	0	56	8	7	2	3	1	2
Net Profit	24	50	73	97	42	84	22	97	106	96	97
EPS	16	29	42	57	24	49	13	57	63	57	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	14	29	42	57	24	49	13	57	63	57	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	14	29	42	57	24	49	13	57	63	57	—

Mar 2016

: 2,505
: 2,481
Operating Profit: 41
OPM %: 2
Other Income: 17
Interest: 1
Depreciation: 3
: 37
Tax %: 35
Net Profit: 24
EPS: 16
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2017

: 2,990
: 2,960
Operating Profit: 54
OPM %: 2
Other Income: 24
Interest: 1
Depreciation: 4
: 49
Tax %: -1
Net Profit: 50
EPS: 29
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 29
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 29

Mar 2018

: 3,441
: 3,391
Operating Profit: 75
OPM %: 2
Other Income: 26
Interest: 1
Depreciation: 4
: 71
Tax %: -3
Net Profit: 73
EPS: 42
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 42
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 42

Mar 2019

: 4,132
: 4,060
Operating Profit: 102
OPM %: 2
Other Income: 30
Interest: 2
Depreciation: 3
: 97
Tax %: 0
Net Profit: 97
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

: 4,783
: 4,711
Operating Profit: 118
OPM %: 2
Other Income: 46
Interest: 9
Depreciation: 15
: 95
Tax %: 56
Net Profit: 42
EPS: 24
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 24

Mar 2021

: 4,466
: 4,426
Operating Profit: 112
OPM %: 3
Other Income: 72
Interest: 6
Depreciation: 15
: 91
Tax %: 8
Net Profit: 84
EPS: 49
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 49
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 49

Mar 2022

: 5,640
: 5,559
Operating Profit: 118
OPM %: 2
Other Income: 37
Interest: 4
Depreciation: 18
: 24
Tax %: 7
Net Profit: 22
EPS: 13
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

Mar 2023

: 6,876
: 6,803
Operating Profit: 130
OPM %: 2
Other Income: 57
Interest: 5
Depreciation: 23
: 99
Tax %: 2
Net Profit: 97
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 2024

: 8,441
: 8,357
Operating Profit: 145
OPM %: 2
Other Income: 62
Interest: 8
Depreciation: 32
: 109
Tax %: 3
Net Profit: 106
EPS: 63
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 63
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 63

Mar 2025

: 10,236
: 10,147
Operating Profit: 146
OPM %: 1
Other Income: 57
Interest: 11
Depreciation: 37
: 97
Tax %: 1
Net Profit: 96
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

TTM

: 10,835
: 10,773
Operating Profit: —
OPM %: —
Other Income: 84
Interest: 10
Depreciation: 41
: 98
Tax %: 2
Net Profit: 97
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:: 18%
5 Years:: 16%
3 Years:: 22%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: 18%
3 Years:: 62%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 11%
3 Years:: 13%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	293	338	410	507	544	636	659	758	744	840
	19	0	0	0	65	0	25	13	14	6
Trade Payables	9	10	14	23	31	23	20	26	21	24
	253	270	345	419	510	576	648	772	928	1,006
Total Liabilities	592	635	787	965	1,167	1,252	1,369	1,586	1,724	1,893
ASSETS	-	-	-	-	-	-	-	-	-	-
	9	6	4	7	47	28	38	89	95	90
	2	109	202	210	287	374	374	528	337	365
	0	0	0	0	0	0	0	0	303	339
Cash & Bank	259	156	129	111	90	264	241	174	249	173
	322	364	452	637	743	586	716	796	739	926
Total Assets	592	635	787	965	1,167	1,252	1,369	1,586	1,724	1,893
Total Debt	19	0	0	0	65	0	25	13	14	6
Net Working Capital	237	140	72	49	-47	198	170	185	122	167
Contingent Liabilities	45	40	47	60	96	92	87	91	106	168
Book Value per Share	181.41	207.52	250.07	306.27	328.03	381.71	395.53	453.04	453.89	510.98
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	0	0	0	65	0	25	13	14	6
Net Working Capital	237	140	72	49	-47	198	170	185	122	167
Contingent Liabilities	45	40	47	60	96	92	87	91	106	168
Book Value per Share	181.41	207.52	250.07	306.27	328.03	381.71	395.53	453.04	453.89	510.98
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
: 293
: 19
Trade Payables: 9
: 253
Total Liabilities: 592
: 9
: 2
: 0
Cash & Bank: 259
: 322
Total Assets: 592
Total Debt: 19
Net Working Capital: 237
Contingent Liabilities: 45
Book Value per Share: 181.41
Face Value: 10.00
Total Debt: 19
Net Working Capital: 237
Contingent Liabilities: 45
Book Value per Share: 181.41
Face Value: 10.00

Mar 2017

Equity Capital: 17
: 338
: 0
Trade Payables: 10
: 270
Total Liabilities: 635
: 6
: 109
: 0
Cash & Bank: 156
: 364
Total Assets: 635
Total Debt: 0
Net Working Capital: 140
Contingent Liabilities: 40
Book Value per Share: 207.52
Face Value: 10.00
Total Debt: 0
Net Working Capital: 140
Contingent Liabilities: 40
Book Value per Share: 207.52
Face Value: 10.00

Mar 2018

Equity Capital: 17
: 410
: 0
Trade Payables: 14
: 345
Total Liabilities: 787
: 4
: 202
: 0
Cash & Bank: 129
: 452
Total Assets: 787
Total Debt: 0
Net Working Capital: 72
Contingent Liabilities: 47
Book Value per Share: 250.07
Face Value: 10.00
Total Debt: 0
Net Working Capital: 72
Contingent Liabilities: 47
Book Value per Share: 250.07
Face Value: 10.00

Mar 2019

Equity Capital: 17
: 507
: 0
Trade Payables: 23
: 419
Total Liabilities: 965
: 7
: 210
: 0
Cash & Bank: 111
: 637
Total Assets: 965
Total Debt: 0
Net Working Capital: 49
Contingent Liabilities: 60
Book Value per Share: 306.27
Face Value: 10.00
Total Debt: 0
Net Working Capital: 49
Contingent Liabilities: 60
Book Value per Share: 306.27
Face Value: 10.00

Mar 2020

Equity Capital: 17
: 544
: 65
Trade Payables: 31
: 510
Total Liabilities: 1,167
: 47
: 287
: 0
Cash & Bank: 90
: 743
Total Assets: 1,167
Total Debt: 65
Net Working Capital: -47
Contingent Liabilities: 96
Book Value per Share: 328.03
Face Value: 10.00
Total Debt: 65
Net Working Capital: -47
Contingent Liabilities: 96
Book Value per Share: 328.03
Face Value: 10.00

Mar 2021

Equity Capital: 17
: 636
: 0
Trade Payables: 23
: 576
Total Liabilities: 1,252
: 28
: 374
: 0
Cash & Bank: 264
: 586
Total Assets: 1,252
Total Debt: 0
Net Working Capital: 198
Contingent Liabilities: 92
Book Value per Share: 381.71
Face Value: 10.00
Total Debt: 0
Net Working Capital: 198
Contingent Liabilities: 92
Book Value per Share: 381.71
Face Value: 10.00

Mar 2022

Equity Capital: 17
: 659
: 25
Trade Payables: 20
: 648
Total Liabilities: 1,369
: 38
: 374
: 0
Cash & Bank: 241
: 716
Total Assets: 1,369
Total Debt: 25
Net Working Capital: 170
Contingent Liabilities: 87
Book Value per Share: 395.53
Face Value: 10.00
Total Debt: 25
Net Working Capital: 170
Contingent Liabilities: 87
Book Value per Share: 395.53
Face Value: 10.00

Mar 2023

Equity Capital: 17
: 758
: 13
Trade Payables: 26
: 772
Total Liabilities: 1,586
: 89
: 528
: 0
Cash & Bank: 174
: 796
Total Assets: 1,586
Total Debt: 13
Net Working Capital: 185
Contingent Liabilities: 91
Book Value per Share: 453.04
Face Value: 10.00
Total Debt: 13
Net Working Capital: 185
Contingent Liabilities: 91
Book Value per Share: 453.04
Face Value: 10.00

Mar 2024

Equity Capital: 17
: 744
: 14
Trade Payables: 21
: 928
Total Liabilities: 1,724
: 95
: 337
: 303
Cash & Bank: 249
: 739
Total Assets: 1,724
Total Debt: 14
Net Working Capital: 122
Contingent Liabilities: 106
Book Value per Share: 453.89
Face Value: 10.00
Total Debt: 14
Net Working Capital: 122
Contingent Liabilities: 106
Book Value per Share: 453.89
Face Value: 10.00

Mar 2025

Equity Capital: 17
: 840
: 6
Trade Payables: 24
: 1,006
Total Liabilities: 1,893
: 90
: 365
: 339
Cash & Bank: 173
: 926
Total Assets: 1,893
Total Debt: 6
Net Working Capital: 167
Contingent Liabilities: 168
Book Value per Share: 510.98
Face Value: 10.00
Total Debt: 6
Net Working Capital: 167
Contingent Liabilities: 168
Book Value per Share: 510.98
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-11	30	72	-15	9	258	-37	83	82	96
Cash from Investing	-118	-37	-22	5	-53	3	-59	-80	37	-64
Cash from Financing	157	-1	-1	-2	0	-38	-14	-19	-147	-34
	28	-7	48	-12	-44	223	-110	-17	-28	-1
Free Cash Flow	-20	30	70	-20	-72	258	-57	11	60	96
OCF / Net Profit	-0.46	0.61	0.99	-0.15	0.21	3.07	-1.65	0.85	0.78	1.00
Cumulative 5-Year FCF	0	0	0	0	-13	266	178	119	200	369
OCF / Net Profit	-0.46	0.61	0.99	-0.15	0.21	3.07	-1.65	0.85	0.78	1.00
Cumulative 5-Year FCF	0	0	0	0	-13	266	178	119	200	369

Mar 2016

: -11
Cash from Investing: -118
Cash from Financing: 157
: 28
Free Cash Flow: -20
OCF / Net Profit: -0.46
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.46
Cumulative 5-Year FCF: 0

Mar 2017

: 30
Cash from Investing: -37
Cash from Financing: -1
: -7
Free Cash Flow: 30
OCF / Net Profit: 0.61
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.61
Cumulative 5-Year FCF: 0

Mar 2018

: 72
Cash from Investing: -22
Cash from Financing: -1
: 48
Free Cash Flow: 70
OCF / Net Profit: 0.99
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.99
Cumulative 5-Year FCF: 0

Mar 2019

: -15
Cash from Investing: 5
Cash from Financing: -2
: -12
Free Cash Flow: -20
OCF / Net Profit: -0.15
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.15
Cumulative 5-Year FCF: 0

Mar 2020

: 9
Cash from Investing: -53
Cash from Financing: 0
: -44
Free Cash Flow: -72
OCF / Net Profit: 0.21
Cumulative 5-Year FCF: -13
OCF / Net Profit: 0.21
Cumulative 5-Year FCF: -13

Mar 2021

: 258
Cash from Investing: 3
Cash from Financing: -38
: 223
Free Cash Flow: 258
OCF / Net Profit: 3.07
Cumulative 5-Year FCF: 266
OCF / Net Profit: 3.07
Cumulative 5-Year FCF: 266

Mar 2022

: -37
Cash from Investing: -59
Cash from Financing: -14
: -110
Free Cash Flow: -57
OCF / Net Profit: -1.65
Cumulative 5-Year FCF: 178
OCF / Net Profit: -1.65
Cumulative 5-Year FCF: 178

Mar 2023

: 83
Cash from Investing: -80
Cash from Financing: -19
: -17
Free Cash Flow: 11
OCF / Net Profit: 0.85
Cumulative 5-Year FCF: 119
OCF / Net Profit: 0.85
Cumulative 5-Year FCF: 119

Mar 2024

: 82
Cash from Investing: 37
Cash from Financing: -147
: -28
Free Cash Flow: 60
OCF / Net Profit: 0.78
Cumulative 5-Year FCF: 200
OCF / Net Profit: 0.78
Cumulative 5-Year FCF: 200

Mar 2025

: 96
Cash from Investing: -64
Cash from Financing: -34
: -1
Free Cash Flow: 96
OCF / Net Profit: 1.00
Cumulative 5-Year FCF: 369
OCF / Net Profit: 1.00
Cumulative 5-Year FCF: 369

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	14.20	28.98	42.44	56.75	24.32	49.17	13.16	56.84	63.09	57.30
Book Value (₹)	181.41	207.52	250.07	306.27	328.03	381.71	395.53	453.04	453.89	510.98
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 (₹)	15.96	31.31	44.62	58.52	32.94	58.02	23.81	70.57	82.09	79.40
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	1.63%	1.80%	2.19%	2.48%	2.48%	2.51%	2.09%	1.89%	0.99%	0.87%
Net Margin %	0.97%	1.66%	2.11%	2.35%	0.87%	1.88%	0.40%	1.41%	1.25%	0.94%
ROE %	10.60%	14.90%	18.55%	20.40%	7.67%	13.86%	3.39%	13.40%	13.78%	11.88%
ROCE %	15.86%	14.47%	18.14%	20.68%	17.84%	15.08%	4.11%	13.91%	14.92%	13.21%
	5.36%	8.08%	10.20%	11.08%	3.90%	6.95%	1.72%	6.58%	6.39%	5.31%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	15	17	19	19	18	19	15	13	12	11
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	17	19	19	18	19	15	13	12	11
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.06x	0.00x	0.00x	0.00x	0.12x	0.00x	0.04x	0.02x	0.02x	0.01x
Interest Coverage (x)	69.69x	56.11x	65.08x	48.11x	11.94x	16.81x	7.80x	21.84x	14.27x	9.59x
	2.02x	1.54x	1.21x	1.11x	0.91x	1.40x	1.30x	1.29x	1.15x	1.19x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	24.80%	19.38%	15.07%	20.10%	15.75%	-6.64%	26.30%	21.91%	22.75%	21.27%
Operating Profit Growth %	10.56%	31.53%	40.40%	35.81%	15.58%	-5.23%	5.16%	9.92%	11.95%	0.23%
Net Profit Growth %	-24.70%	104.00%	46.45%	33.71%	-57.14%	102.18%	-73.24%	332.07%	8.85%	-9.17%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.99%	-9.17%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	43.45x	31.60x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	6.04x	3.54x
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	30.03x	19.71x

Mar 2016

EPS (₹): 14.20
Book Value (₹): 181.41
Dividend per Share (₹): 0.00
Cash EPS (₹): 15.96
Operating Margin %: 1.63%
Net Margin %: 0.97%
ROE %: 10.60%
ROCE %: 15.86%
: 5.36%
Debtor Days: 15
Inventory Days: 0
Payable Days: 0
: 15
Debt to Equity (x): 0.06x
Interest Coverage (x): 69.69x
: 2.02x
Revenue Growth %: 24.80%
Operating Profit Growth %: 10.56%
Net Profit Growth %: -24.70%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 28.98
Book Value (₹): 207.52
Dividend per Share (₹): 0.00
Cash EPS (₹): 31.31
Operating Margin %: 1.80%
Net Margin %: 1.66%
ROE %: 14.90%
ROCE %: 14.47%
: 8.08%
Debtor Days: 17
Inventory Days: 0
Payable Days: 0
: 17
Debt to Equity (x): 0.00x
Interest Coverage (x): 56.11x
: 1.54x
Revenue Growth %: 19.38%
Operating Profit Growth %: 31.53%
Net Profit Growth %: 104.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 42.44
Book Value (₹): 250.07
Dividend per Share (₹): 0.00
Cash EPS (₹): 44.62
Operating Margin %: 2.19%
Net Margin %: 2.11%
ROE %: 18.55%
ROCE %: 18.14%
: 10.20%
Debtor Days: 19
Inventory Days: 0
Payable Days: 0
: 19
Debt to Equity (x): 0.00x
Interest Coverage (x): 65.08x
: 1.21x
Revenue Growth %: 15.07%
Operating Profit Growth %: 40.40%
Net Profit Growth %: 46.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 56.75
Book Value (₹): 306.27
Dividend per Share (₹): 0.00
Cash EPS (₹): 58.52
Operating Margin %: 2.48%
Net Margin %: 2.35%
ROE %: 20.40%
ROCE %: 20.68%
: 11.08%
Debtor Days: 19
Inventory Days: 0
Payable Days: 0
: 19
Debt to Equity (x): 0.00x
Interest Coverage (x): 48.11x
: 1.11x
Revenue Growth %: 20.10%
Operating Profit Growth %: 35.81%
Net Profit Growth %: 33.71%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 24.32
Book Value (₹): 328.03
Dividend per Share (₹): 0.00
Cash EPS (₹): 32.94
Operating Margin %: 2.48%
Net Margin %: 0.87%
ROE %: 7.67%
ROCE %: 17.84%
: 3.90%
Debtor Days: 18
Inventory Days: 0
Payable Days: 0
: 18
Debt to Equity (x): 0.12x
Interest Coverage (x): 11.94x
: 0.91x
Revenue Growth %: 15.75%
Operating Profit Growth %: 15.58%
Net Profit Growth %: -57.14%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 49.17
Book Value (₹): 381.71
Dividend per Share (₹): 0.00
Cash EPS (₹): 58.02
Operating Margin %: 2.51%
Net Margin %: 1.88%
ROE %: 13.86%
ROCE %: 15.08%
: 6.95%
Debtor Days: 19
Inventory Days: 0
Payable Days: 0
: 19
Debt to Equity (x): 0.00x
Interest Coverage (x): 16.81x
: 1.40x
Revenue Growth %: -6.64%
Operating Profit Growth %: -5.23%
Net Profit Growth %: 102.18%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 13.16
Book Value (₹): 395.53
Dividend per Share (₹): 0.00
Cash EPS (₹): 23.81
Operating Margin %: 2.09%
Net Margin %: 0.40%
ROE %: 3.39%
ROCE %: 4.11%
: 1.72%
Debtor Days: 15
Inventory Days: 0
Payable Days: 0
: 15
Debt to Equity (x): 0.04x
Interest Coverage (x): 7.80x
: 1.30x
Revenue Growth %: 26.30%
Operating Profit Growth %: 5.16%
Net Profit Growth %: -73.24%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 56.84
Book Value (₹): 453.04
Dividend per Share (₹): 0.00
Cash EPS (₹): 70.57
Operating Margin %: 1.89%
Net Margin %: 1.41%
ROE %: 13.40%
ROCE %: 13.91%
: 6.58%
Debtor Days: 13
Inventory Days: 0
Payable Days: 0
: 13
Debt to Equity (x): 0.02x
Interest Coverage (x): 21.84x
: 1.29x
Revenue Growth %: 21.91%
Operating Profit Growth %: 9.92%
Net Profit Growth %: 332.07%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 63.09
Book Value (₹): 453.89
Dividend per Share (₹): 0.00
Cash EPS (₹): 82.09
Operating Margin %: 0.99%
Net Margin %: 1.25%
ROE %: 13.78%
ROCE %: 14.92%
: 6.39%
Debtor Days: 12
Inventory Days: 0
Payable Days: 0
: 12
Debt to Equity (x): 0.02x
Interest Coverage (x): 14.27x
: 1.15x
Revenue Growth %: 22.75%
Operating Profit Growth %: 11.95%
Net Profit Growth %: 8.85%
: 10.99%
P/E (x): 43.45x
P/B (x): 6.04x
Dividend Yield %: 0.00%
: 30.03x

Mar 2025

EPS (₹): 57.30
Book Value (₹): 510.98
Dividend per Share (₹): 0.00
Cash EPS (₹): 79.40
Operating Margin %: 0.87%
Net Margin %: 0.94%
ROE %: 11.88%
ROCE %: 13.21%
: 5.31%
Debtor Days: 11
Inventory Days: 0
Payable Days: 0
: 11
Debt to Equity (x): 0.01x
Interest Coverage (x): 9.59x
: 1.19x
Revenue Growth %: 21.27%
Operating Profit Growth %: 0.23%
Net Profit Growth %: -9.17%
: -9.17%
P/E (x): 31.60x
P/B (x): 3.54x
Dividend Yield %: 0.00%
: 19.71x

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