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Spectrum Electrical Industries Limited
(SPECTRUM)
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Rating:62Neutral
Price Target:
₹2,236.00
▼(-5.14% Downside)
Action:Reiterated
Date:07/29/26
The score is driven primarily by strong reported growth and margin expansion, but pulled down by persistently negative free cash flow and rising leverage, which increase financial risk. Technicals are supportive with price above major moving averages, while valuation is a notable headwind due to the high P/E and lack of dividend yield data.
Positive Factors
Accelerating Revenue Growth
The sharp acceleration in revenue indicates stronger customer demand and expanding business scale. If execution is maintained, higher volume can support operating leverage, improve market position and provide a broader base for future earnings growth.
Negative Factors
Rising Leverage
Rapid debt growth alongside expansion increases financial risk and makes results more sensitive to execution, interest costs and cash-flow volatility. Higher leverage may also constrain flexibility if growth slows or investment needs remain elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
The sharp acceleration in revenue indicates stronger customer demand and expanding business scale. If execution is maintained, higher volume can support operating leverage, improve market position and provide a broader base for future earnings growth.
Read all positive factors
Spectrum Electrical Industries Limited (SPECTRUM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹33.15B
Dividend YieldN/A
Average Volume (3M)278.00
Price to Earnings (P/E)57.9
Beta (1Y)-0.70
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees1,319
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)15.15
Shares Outstanding15,713,840
10 Day Avg. Volume510
30 Day Avg. Volume278
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)9.82
Price to Sales (P/S)4.56
P/FCF Ratio-41.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Spectrum Electrical Industries Limited Business Overview & Revenue Model
Company Description
Spectrum Electrical Industries Limited, established in 2008 and based in Mumbai, India, is engaged in the design, production, and sale of components for the electrical, automotive, and irrigation sectors throughout India. Their comprehensive produ...
Spectrum Electrical Industries Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
60
Neutral
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.70B | 5.26B | 3.86B | 3.14B | 2.53B | 2.51B |
| Gross Profit | 589.60M | 1.30B | 999.04M | 777.40M | 721.16M | 582.83M |
| EBITDA | 428.11M | 797.11M | 578.57M | 465.58M | 278.62M | 260.32M |
| Net Income | 237.50M | 444.19M | 256.09M | 194.18M | 84.50M | 76.51M |
Balance Sheet | ||||||
| Total Assets | 4.57B | 6.68B | 4.45B | 3.18B | 2.53B | 2.18B |
| Cash, Cash Equivalents and Short-Term Investments | 25.70M | 332.41M | 45.02M | 118.08M | 86.51M | 147.47M |
| Total Debt | 1.64B | 2.49B | 2.14B | 943.68M | 1.03B | 786.82M |
| Total Liabilities | 2.41B | 4.23B | 2.54B | 1.53B | 1.65B | 1.34B |
| Stockholders Equity | 2.16B | 2.44B | 1.90B | 1.65B | 878.15M | 833.88M |
Cash Flow | ||||||
| Free Cash Flow | -710.83M | -582.65M | -875.01M | -146.76M | -120.94M | -11.71M |
| Operating Cash Flow | 10.63M | 844.40M | -263.11M | 41.73M | 18.52M | 210.93M |
| Investing Cash Flow | -691.93M | -1.39B | -527.63M | -378.22M | -91.52M | -227.78M |
| Financing Cash Flow | 718.82M | 602.28M | 717.68M | 368.06M | 136.94M | -45.60M |
Spectrum Electrical Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹39.50B | 40.18 | ― | ― | 21.99% | 28.73% | |
63 Neutral | ₹18.24B | 48.78 | ― | 0.06% | 7.40% | 14.85% | |
62 Neutral | ₹33.15B | 57.85 | ― | ― | ― | ― | |
58 Neutral | ₹26.77B | 23.84 | ― | 1.39% | 18.29% | -18.73% | |
57 Neutral | ₹21.72B | -8.73 | ― | ― | 55.63% | -13.55% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹19.79B | 21.78 | ― | 0.24% | 14.96% | -4.12% |
* General Sector Average
IN:SPECTRUM
Spectrum Electrical Industries Limited
2,169.75
667.40
44.42%
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Spectrum Electrical Industries Limited Corporate Events
Spectrum Electrical Industries Publishes Q1 FY27 Unaudited Results in Line with SEBI Norms
Aug 15, 2026
Spectrum Electrical Industries Limited has approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at a board meeting held on August 13, 2026. The decision underscores routine financial disclosure ...
Spectrum Electrical Reappoints Cost and Internal Auditors for FY 2026-27
Aug 13, 2026
Spectrum Electrical Industries Limited has reappointed M/s Kolhe Associates as Cost Auditor and M/s Sonawane MOR and Company as Internal Auditor for the 2026-27 financial year, effective 13 August 2026. The move is in line with statutory requirem...
Spectrum Electrical Schedules One-on-One Meet With Institutional Investor
Jun 2, 2026
Spectrum Electrical Industries Limited has scheduled a physical one-on-one meeting with an institutional investor or analyst on June 5, 2026, at its office in the Ambad MIDC area of Nashik, Maharashtra. The interaction will be based solely on publ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.