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Spectrum Electrical Overview

Spectrum Electrical Industries Ltd designs, manufactures, and sells electric, automobile, and irrigation components as settlement manufacturers and factor suppliers. It offers distribution forums, metallic junction packing containers, AC bins, modular electric powered board panels, mini MCB bases and covers, fancy angle holders, and irrigation device. The employer incorporated in 2008 and is primarily based in Jalgaon, India.

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Spectrum Electrical Key Financials

Market Cap ₹1820 Cr.

Stock P/E 71.6

P/B 8.6

Current Price ₹1158.5

Book Value ₹ 134.5

Face Value 10

52W High ₹1900

Dividend Yield 0%

52W Low ₹ 958

Spectrum Electrical Share Price

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Volume
Price

Spectrum Electrical Quarterly Price

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Spectrum Electrical Peer Comparison

Spectrum Electrical Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 124 75 87 71 169 85 118 125
Other Income 3 0 4 0 1 2 2 1
Total Income 127 76 91 71 169 88 120 127
Total Expenditure 111 66 79 61 143 74 102 106
Operating Profit 16 10 12 10 26 14 17 20
Interest 5 3 2 4 4 5 3 5
Depreciation 2 2 3 2 2 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 9 4 7 4 20 6 12 12
Provision for Tax 3 2 3 2 6 1 4 2
Profit After Tax 7 2 5 3 14 6 8 10
Adjustments -0 0 0 0 -0 0 -0 -0
Profit After Adjustments 7 2 5 3 14 6 8 10
Adjusted Earnings Per Share 4.2 1.4 3 1.7 8.7 3.6 4.9 6.4

Spectrum Electrical Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 147 141 151 251 253 328 402 497
Other Income 3 1 2 1 5 7 5 6
Total Income 149 142 153 253 258 335 407 504
Total Expenditure 129 126 133 226 230 288 349 425
Operating Profit 20 16 20 26 28 47 58 77
Interest 5 3 6 8 7 10 13 17
Depreciation 6 6 6 8 9 10 9 11
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 10 6 8 11 12 27 36 50
Provision for Tax 3 2 2 3 3 7 10 13
Profit After Tax 7 5 6 8 8 19 25 38
Adjustments 0 0 0 0 0 0 0 0
Profit After Adjustments 7 5 6 8 8 19 26 38
Adjusted Earnings Per Share 4.9 3.1 3.9 5.1 5.6 12.5 16.4 23.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 23% 17% 23% 0%
Operating Profit CAGR 23% 31% 29% 0%
PAT CAGR 32% 46% 38% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -30% 29% 81% NA%
ROE Average 15% 13% 11% 11%
ROCE Average 16% 14% 13% 12%

Spectrum Electrical Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 66 71 77 83 92 165 191
Minority's Interest 0 0 0 0 0 0 0
Borrowings 25 37 39 37 38 17 67
Other Non-Current Liabilities 1 1 1 8 6 10 25
Total Current Liabilities 51 51 71 89 119 130 168
Total Liabilities 143 159 189 218 255 322 451
Fixed Assets 45 45 70 80 79 87 138
Other Non-Current Assets 22 35 14 19 33 63 91
Total Current Assets 76 80 104 119 143 172 222
Total Assets 143 159 189 218 255 322 451

Spectrum Electrical Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 2 3 9 2 9 12
Cash Flow from Operating Activities -17 3 15 21 2 4 -26
Cash Flow from Investing Activities -12 -20 -15 -23 -9 -38 -53
Cash Flow from Financing Activities 29 18 5 -5 14 37 72
Net Cash Inflow / Outflow 0 1 6 -6 6 3 -7
Closing Cash & Cash Equivalent 2 3 9 2 9 12 5

Spectrum Electrical Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.86 3.1 3.91 5.06 5.59 12.48 16.41
CEPS(Rs) 8.56 7.1 8.16 10.31 11.54 19.12 22.35
DPS(Rs) 0 0 1 1 0 1 0
Book NAV/Share(Rs) 43.77 46.86 50.93 55.15 60.9 103.91 120.18
Core EBITDA Margin(%) 10.21 8.87 10.55 8.51 7.83 10.48 13.25
EBIT Margin(%) 8.5 5.88 7.94 6.24 6.46 9.54 12.17
Pre Tax Margin(%) 5.87 3.91 4.63 3.61 3.95 7 8.92
PAT Margin (%) 4.24 2.82 3.34 2.6 2.85 5.06 6.32
Cash Profit Margin (%) 7.47 6.47 6.98 5.3 5.89 7.77 8.67
ROA(%) 5.12 3.09 3.39 3.76 3.57 6.72 6.57
ROE(%) 11.1 6.83 7.99 9.55 9.63 15.27 14.54
ROCE(%) 13.14 7.82 9.6 11.59 10.83 16.49 16.01
Receivable days 53.8 53.87 50.48 37.05 46.75 58.59 93.47
Inventory Days 74.85 81.78 97.71 75.36 83.37 63.86 63.95
Payable days 97.55 77.86 68.16 63.29 91.54 69.16 49.79
PER(x) 12.15 17.12 14.59 18.47 61.73 122.82 125.11
Price/Book(x) 1.35 1.13 1.12 1.7 5.66 14.75 17.08
Dividend Yield(%) 0 0 1.75 1.07 0 0.07 0
EV/Net Sales(x) 0.91 1.02 1.03 0.87 2.42 7.52 8.37
EV/Core EBITDA(x) 6.56 9.1 7.59 8.29 21.75 52.48 57.65
Net Sales Growth(%) 0 -3.84 7.16 66.09 0.82 29.5 22.6
EBIT Growth(%) 0 -33.72 43.81 30.74 4.37 91.26 33.68
PAT Growth(%) 0 -36.25 26.19 29.62 10.39 129.79 30.92
EPS Growth(%) 0 -36.25 26.19 29.62 10.39 123.35 31.45
Debt/Equity(x) 0.69 0.94 1.01 0.94 1.08 0.54 0.9
Current Ratio(x) 1.49 1.58 1.47 1.33 1.2 1.33 1.32
Quick Ratio(x) 0.8 0.81 0.68 0.59 0.62 0.83 0.87
Interest Cover(x) 3.24 2.98 2.4 2.37 2.58 3.75 3.74
Total Debt/Mcap(x) 0.51 0.83 0.9 0.56 0.19 0.04 0.05

Spectrum Electrical Shareholding Pattern

# Mar 2023 Sep 2023 Mar 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 71.45 74.88 72.53 72.53 72.53 72.53 72.53 72.72 72.72 72.72
FII 0 0.56 2.51 2.69 2.97 3.67 4.11 4.33 4.66 4.94
DII 0.07 0 0.31 0.33 0.33 0.34 0.34 0.34 0.34 0.34
Public 28.48 24.56 24.64 24.45 24.17 23.45 23.02 22.61 22.28 22
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Spectrum Electrical News

Spectrum Electrical Pros & Cons

Pros

  • Company has delivered good profit growth of 37% CAGR over last 5 years
  • Debtor days have improved from 69.16 to 49.79days.

Cons

  • Company has a low return on equity of 13% over the last 3 years.
  • Stock is trading at 8.6 times its book value.
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