Want to see IN:SPECTRUM full AI Analyst Report?
Top Page
Spectrum Electrical Industries Limited
(SPECTRUM)
Select Model
Select Model
Rating:63Neutral
Price Target:
₹4,091.00
▲(90.28% Upside)
Action:Reiterated
Date:09/22/26
The score is driven mainly by strong operating performance and a clear bullish price trend, but it is held back by persistently negative free cash flow, increased leverage, and a very high P/E that leaves limited room for execution missteps.
Positive Factors
Strong Revenue Growth
The sharp 2026 revenue acceleration, following growth in the prior two years, indicates expanding business activity and stronger scale. If sustained, this top-line momentum can support operating leverage, broaden the company’s market position, and provide a durable base for future earnings growth.
Negative Factors
Persistently Negative Free Cash Flow
Negative free cash flow across all reported years means earnings have not consistently translated into cash available after investment. The further deterioration in 2026 could increase funding dependence and limit financial flexibility, especially while the business is expanding rapidly.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The sharp 2026 revenue acceleration, following growth in the prior two years, indicates expanding business activity and stronger scale. If sustained, this top-line momentum can support operating leverage, broaden the company’s market position, and provide a durable base for future earnings growth.
Read all positive factors
Spectrum Electrical Industries Limited (SPECTRUM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹58.73B
Dividend Yield0.19%
Average Volume (3M)4.50K
Price to Earnings (P/E)105.1
Beta (1Y)-1.01
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees1,949
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)36.59
Shares Outstanding15,713,840
10 Day Avg. Volume957
30 Day Avg. Volume4,495
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 | 6.80B | 5.26B | 3.86B | 3.14B | 2.53B | 2.51B |
| Gross Profit | 1.88B | 1.30B | 999.04M | 777.40M | 721.16M | 582.83M |
| EBITDA | 1.07B | 797.11M | 578.57M | 465.58M | 278.62M | 260.32M |
| Net Income | 574.51M | 444.19M | 256.09M | 194.18M | 84.50M | 76.51M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.68B | 4.45B | 3.18B | 2.53B | 2.18B |
| Cash, Cash Equivalents and Short-Term Investments | 332.41M | 347.69M | 45.02M | 118.08M | 212.82M | 147.47M |
| Total Debt | 0.00 | 2.49B | 2.14B | 943.68M | 1.03B | 786.82M |
| Total Liabilities | -2.45B | 4.23B | 2.54B | 1.53B | 1.65B | 1.34B |
| Stockholders Equity | 2.45B | 2.44B | 1.90B | 1.65B | 878.15M | 833.88M |
Cash Flow | ||||||
| Free Cash Flow | -42.42M | -582.65M | -875.01M | -146.76M | -120.94M | -11.71M |
| Operating Cash Flow | 208.61M | 844.40M | -263.11M | 41.73M | 18.52M | 210.93M |
| Investing Cash Flow | -205.01M | -1.39B | -527.63M | -378.22M | -91.52M | -227.78M |
| Financing Cash Flow | -3.60M | 602.28M | 717.68M | 368.06M | 136.94M | -45.60M |
Spectrum Electrical Industries Limited Technical Analysis
Positive
2149.95
Price Trends
2591.85
Positive
2140.91
Positive
1704.41
Positive
Market Momentum
354.61
Negative
79.33
Negative
95.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPECTRUM, the sentiment is Positive. The current price of 2149.95 is below the 20-day moving average (MA) of 3032.86, below the 50-day MA of 2591.85, and above the 200-day MA of 1704.41, indicating a bullish trend. The MACD of 354.61 indicates Negative momentum. The RSI at 79.33 is Negative, neither overbought nor oversold. The STOCH value of 95.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SPECTRUM.
Spectrum Electrical Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹33.93B | 34.09 | ― | 0.31% | 21.99% | 28.73% | |
63 Neutral | ₹58.73B | 105.11 | ― | 0.19% | ― | ― | |
58 Neutral | ₹23.96B | 21.17 | ― | 1.67% | 18.29% | -18.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹17.37B | 18.97 | ― | 0.37% | 14.96% | -4.12% | |
49 Neutral | ₹21.29B | -7.91 | ― | ― | 55.63% | -13.55% | |
48 Neutral | ₹16.04B | 42.32 | ― | 0.03% | 7.40% | 14.85% |
* General Sector Average
IN:SPECTRUM
Spectrum Electrical Industries Limited
3,841.10
2,489.75
184.24%
IN:BBL
Bharat Bijlee Limited
2,097.05
-1,162.13
-35.66%
IN:EXICOM
Exicom Tele-Systems Ltd.
152.15
5.65
3.86%
IN:HPL
HPL Electric & Power Limited
268.55
-190.89
-41.55%
IN:INDOTECH
Indo Tech Transformers Ltd.
3,191.25
1,472.86
85.71%
IN:SERVOTECH
Servotech Power Systems Ltd.
70.25
-54.42
-43.65%
Spectrum Electrical Industries Limited Corporate Events
Spectrum Electrical Industries Announces Trading Window Closure Ahead of Q2 Results
Sep 27, 2026
Spectrum Electrical Industries Limited has announced that it will close its trading window for dealing in the company’s securities from October 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its own code of...
Spectrum Electrical Parks Rs 287.5 Crore Preferential Issue Proceeds in Interim Investments
Sep 20, 2026
Spectrum Electrical Industries Limited has approved the temporary interim investment of about Rs 287.5 crore in unutilized proceeds raised through a preferential issue, ensuring these funds are parked in low-risk money market instruments, liquid a...
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...
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.