Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹142 Cr.
Stock P/E
19.6
P/B
0.9
Current Price
₹61.5
Book Value
₹ 71.8
Face Value
10
52W High
₹104.4
52W Low
₹ 50.8
Dividend Yield
0%

Spectrm Talent Mngmt Overview

Business

Spectrum Talent Management Ltd. is an Indian professional services company primarily engaged in providing human resources and talent management solutions. Its core business revolves around helping organizations acquire, manage, and optimize their human capital. The company offers a range of services including staffing (temporary and permanent), recruitment process outsourcing (RPO), payroll management, compliance services, and HR technology solutions. Spectrum Talent Management makes money by charging fees to its client companies for these services, typically based on a percentage of the salary for permanent placements, a margin on temporary staff wages, or service fees for managed HR solutions.

Revenue Mix

While specific revenue contributions are not readily available without financial reports, companies in this sector typically have the following key segments:

Staffing Solutions: This often forms the largest portion, encompassing temporary staffing (contractual employees placed with clients) and permanent recruitment (direct placements).

Recruitment Process Outsourcing (RPO): Managing the end-to-end recruitment function for clients.

Payroll & Compliance Management: Handling payroll processing, statutory compliance, and related administrative tasks for client workforces.

HR Technology & Consulting: Providing HR advisory services and implementing HR tech platforms.

In the Indian context, staffing often contributes the most significant share to revenue.

Industry

The professional services sector in India, particularly HR and staffing, is characterized by high fragmentation with numerous organized and unorganized players. It's a growth-oriented industry driven by India's expanding economy, increasing formalization of the workforce, and companies' growing preference for outsourcing non-core HR functions. Spectrum Talent Management is likely positioned as a mid-sized player within this competitive landscape, serving a diverse client base across various industries. Its positioning would depend on its ability to offer specialized solutions, build strong client relationships, and leverage technology more effectively than smaller unorganized competitors, while competing with larger, more established national and international players.

MOAT

Professional services generally have moderate moats. Spectrum Talent Management's potential competitive advantages could include:

Client Relationships: Long-standing relationships with key clients can lead to recurring business.

Candidate Database & Network: A strong, well-maintained database of qualified candidates and an extensive recruiter network across various industries and geographies.

Domain Expertise: Specialized knowledge in specific sectors or types of talent acquisition.

Operational Efficiency: Streamlined recruitment and payroll processes leveraging technology can offer cost advantages and faster turnaround times.

Brand Reputation: A growing reputation for reliability and quality in service delivery, though unlikely to be a dominant moat against very large players.

Growth Drivers

Economic Growth & Job Creation: A robust Indian economy leads to increased hiring activity across industries.

Formalization of Workforce: The ongoing shift from informal to formal employment in India benefits organized HR service providers.

Outsourcing Trend: Companies increasingly outsource non-core HR functions like staffing, payroll, and recruitment to improve efficiency and focus on their core business.

Talent Scarcity: Growing demand for specialized skills creates opportunities for recruitment firms.

Expansion into New Sectors/Geographies: Expanding service offerings or geographical reach within India can unlock new revenue streams.

Technology Adoption: Leveraging HR tech to offer more efficient and value-added services.

Risks

Economic Slowdown: A downturn in economic activity can directly impact hiring volumes and reduce demand for HR services.

Intense Competition: The highly fragmented and competitive market can lead to pricing pressure and margin erosion.

Regulatory Changes: Changes in labor laws, social security norms, or taxation policies can impact operational costs and compliance requirements.

Client Concentration: Over-reliance on a few large clients could pose a risk if those relationships deteriorate.

Talent Acquisition & Retention: Difficulty in attracting and retaining skilled recruiters and consultants within its own organization.

Technology Disruption: Rapid advancements in HR technology could require continuous investment to remain competitive.

Management & Ownership

Spectrum Talent Management is likely a promoter-led company, meaning the founders (promoters) hold a significant stake and play a crucial role in its strategic direction and operations. Promoters typically have deep industry experience in human resources and staffing. The quality of management would be judged by its ability to navigate competitive pressures, adapt to market changes, scale operations, and maintain strong client and employee relationships. Post-listing, there would be a mix of promoter ownership and public shareholding.

Outlook

Spectrum Talent Management operates in a sector with significant structural tailwinds in India, driven by economic expansion and the increasing formalization and outsourcing of HR functions. This provides a favorable growth environment. However, the industry is highly competitive, requiring continuous innovation, strong client relationship management, and efficient operational execution to sustain growth and profitability. The company's ability to differentiate its offerings, expand into high-growth niches, and leverage technology effectively will be crucial. While the market potential is substantial, execution risks and competitive intensity mean a balanced outlook, where strong performance is contingent on consistent operational excellence and strategic market positioning.

Spectrm Talent Mngmt Share Price

Live · NSE · Inception: 2012
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Spectrm Talent Mngmt Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Spectrm Talent Mngmt Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 323 302 483 768 1016 1270
Other Income 0 1 0 1 2 3
Total Income 324 303 483 769 1019 1273
Total Expenditure 314 297 467 744 1007 1262
Operating Profit 9 6 16 24 12 11
Interest 0 0 0 1 0 1
Depreciation 1 1 1 2 1 2
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 8 5 15 22 10 8
Provision for Tax 2 -0 -0 -6 -2 1
Profit After Tax 7 5 15 28 12 7
Adjustments 0 0 0 0 -0 0
Profit After Adjustments 7 5 15 28 12 7
Adjusted Earnings Per Share 3.6 2.6 10.3 15.5 5 3.1

Spectrm Talent Mngmt Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 15 20 28 56 147 160
Minority's Interest 0 0 0 0 0 0
Borrowings 1 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 -6 -7 -6
Total Current Liabilities 25 26 35 39 52 88
Total Liabilities 41 46 64 89 191 242
Fixed Assets 2 2 3 3 7 8
Other Non-Current Assets 0 1 1 0 1 2
Total Current Assets 38 43 60 85 184 232
Total Assets 41 46 64 89 191 242

Spectrm Talent Mngmt Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 8 11 8 5 6 72
Cash Flow from Operating Activities 6 5 -7 9 -5 -67
Cash Flow from Investing Activities 0 -5 2 -1 -5 -8
Cash Flow from Financing Activities -3 -4 3 -7 76 39
Net Cash Inflow / Outflow 3 -3 -2 1 66 -36
Closing Cash & Cash Equivalent 11 8 5 6 72 36

Spectrm Talent Mngmt Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.65 2.57 10.29 15.53 5.02 3.13
CEPS(Rs) 4.06 3.04 10.88 16.37 5.65 4.14
DPS(Rs) 0.38 0 0 0 0 0
Book NAV/Share(Rs) 8.1 8.1 15.62 31.16 63.48 66.38
Core EBITDA Margin(%) 2.76 1.65 3.3 3.07 0.92 0.65
EBIT Margin(%) 2.62 1.55 3.16 2.97 1.02 0.72
Pre Tax Margin(%) 2.58 1.5 3.14 2.89 0.99 0.64
PAT Margin (%) 2.09 1.58 3.16 3.62 1.14 0.57
Cash Profit Margin (%) 2.33 1.86 3.34 3.82 1.28 0.75
ROA(%) 16.65 11.02 27.79 36.37 8.27 3.34
ROE(%) 45.05 31.74 79.9 70.45 11.46 4.83
ROCE(%) 44.02 23.64 52.25 46.74 10.03 5.35
Receivable days 22.81 27.21 24.81 23.99 24.91 28.34
Inventory Days 0 0 1.51 1.58 1.19 1.37
Payable days 0 0 4.55 2.6 2.1 1.42
PER(x) 0 0 0 0 15.21 52.52
Price/Book(x) 0 0 0 0 1.2 2.48
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) -0.01 0.01 0.03 0.02 0.1 0.3
EV/Core EBITDA(x) -0.22 0.42 0.83 0.63 8.85 33.07
Net Sales Growth(%) 0 -6.47 59.8 58.94 32.31 24.99
EBIT Growth(%) 0 -44.7 226.74 49.35 -54.52 -11.86
PAT Growth(%) 0 -29.52 220.02 82.43 -58.29 -37.61
EPS Growth(%) 0 -29.52 300.26 50.9 -67.69 -37.55
Debt/Equity(x) 0.28 0.03 0.37 0.07 0.01 0.23
Current Ratio(x) 1.52 1.67 1.69 2.18 3.58 2.64
Quick Ratio(x) 1.52 1.67 1.64 2.06 3.54 2.56
Interest Cover(x) 72.64 33.6 128.5 34.66 29.67 9.42
Total Debt/Mcap(x) 0 0 0 0 0 0.09

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +25% +38% +31% —
Operating Profit CAGR -8% -12% +4% —
PAT CAGR -42% -22% 0% —
Share Price CAGR -37% -22% — —
ROE Average +5% +29% +40% +41%
ROCE Average +5% +21% +28% +30%

Spectrm Talent Mngmt Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 74.52 %
FII 2.52 %
DII (MF + Insurance) 3.99 %
Public (retail) 18.97 %
# Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 73.6873.6873.6873.6873.6874.52
FII 0.121.661.872.672.522.52
DII 1.211.572.292.292.293.99
Public 24.9923.0922.1521.3621.518.97
Others 000000
Total 100100100100100100

Spectrm Talent Mngmt Peer Comparison

Professional Services Edit Columns

Spectrm Talent Mngmt Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Spectrm Talent Mngmt Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29%
  • Debtor days have improved from 2.1 to 1.42days.
  • Company is almost debt free.

Cons

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