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TeamLease Services Limited
(TEAMLEASE)
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Rating:62Neutral
Price Target:
₹1,144.00
▼(-12.82% Downside)
Action:Downgraded
Date:08/24/26
Overall score is driven primarily by solid financial performance (strong growth, improved FY2026 cash flow, conservative leverage) but capped by very thin/compressed margins. Technicals are a meaningful drag due to a clear downtrend and weak momentum, while valuation appears moderate based on the provided P/E.
Positive Factors
Accelerating Revenue Growth
The sharp acceleration in revenue indicates expanding business activity and stronger client demand across the workforce-services platform. If sustained, higher deployed scale can support absolute earnings growth, improve operating leverage over time, and reinforce TeamLease’s position as an enterprise staffing partner.
Negative Factors
structurally Thin Margins
Very low gross, operating, and EBITDA margins leave limited room for execution mistakes or cost increases. Because only a small portion of revenue becomes operating profit, sustained profitability depends heavily on disciplined pricing, efficient delivery, and continued control of staffing and service costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
The sharp acceleration in revenue indicates expanding business activity and stronger client demand across the workforce-services platform. If sustained, higher deployed scale can support absolute earnings growth, improve operating leverage over time, and reinforce TeamLease’s position as an enterprise staffing partner.
Read all positive factors
TeamLease Services Limited (TEAMLEASE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.49B
Dividend YieldN/A
Average Volume (3M)10.41K
Price to Earnings (P/E)12.3
Beta (1Y)0.78
Revenue Growth4.68%
EPS Growth29.26%
CountryIN
Employees2,209
SectorGeneral
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)88.29
Shares Outstanding15,281,400
10 Day Avg. Volume29,588
30 Day Avg. Volume10,406
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)1.81
Price to Sales (P/S)0.16
P/FCF Ratio6.11
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)90.23
Revenue Forecast (FY)₹127.00B
TeamLease Services Limited Business Overview & Revenue Model
Company Description
TeamLease Services Limited provides extensive human resources solutions to a broad spectrum of industries across India. Its core services encompass temporary and permanent recruitment, comprehensive payroll process outsourcing, regulatory complian...
How the Company Makes Money
TeamLease makes money primarily by providing workforce and HR-related services to client companies and charging fees tied to the number of people deployed, the services delivered, and/or the value of wages processed.
1) General staffing (core rev...
TeamLease Services Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 120.05B | 117.91B | 111.56B | 93.22B | 78.70B | 64.80B |
| Gross Profit | 2.56B | 2.44B | 2.77B | 3.21B | 3.00B | 6.78B |
| EBITDA | 1.84B | 2.21B | 1.38B | 1.80B | 1.64B | 903.17M |
| Net Income | 1.48B | 1.40B | 1.09B | 1.12B | 1.11B | 384.28M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 28.00B | 21.45B | 19.37B | 17.68B | 15.40B |
| Cash, Cash Equivalents and Short-Term Investments | 4.91B | 4.91B | 2.41B | 4.32B | 4.39B | 3.43B |
| Total Debt | 0.00 | 1.16B | 1.18B | 1.05B | 1.00B | 598.33M |
| Total Liabilities | -10.60B | 17.41B | 12.22B | 11.26B | 9.47B | 8.35B |
| Stockholders Equity | 10.60B | 10.43B | 9.07B | 7.98B | 8.08B | 6.93B |
Cash Flow | ||||||
| Free Cash Flow | 239.30M | 3.10B | 733.90M | 973.00M | 1.07B | -195.45M |
| Operating Cash Flow | 448.10M | 3.39B | 1.04B | 1.18B | 1.26B | -61.48M |
| Investing Cash Flow | 226.00M | -2.27B | -1.48B | 407.90M | -1.23B | -885.02M |
| Financing Cash Flow | -239.00M | -280.40M | -350.30M | -1.51B | -243.59M | -130.74M |
TeamLease Services Limited Technical Analysis
Negative
1312.20
Price Trends
1177.77
Negative
1268.55
Negative
1289.57
Negative
Market Momentum
-36.48
Positive
31.96
Neutral
8.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TEAMLEASE, the sentiment is Negative. The current price of 1312.2 is above the 20-day moving average (MA) of 1094.46, above the 50-day MA of 1177.77, and above the 200-day MA of 1289.57, indicating a bearish trend. The MACD of -36.48 indicates Positive momentum. The RSI at 31.96 is Neutral, neither overbought nor oversold. The STOCH value of 8.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TEAMLEASE.
TeamLease Services Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹45.72B | 18.07 | ― | 1.95% | -12.06% | 96.12% | |
62 Neutral | ₹16.49B | 12.33 | ― | ― | 4.68% | 29.26% | |
61 Neutral | ₹16.74B | 19.70 | ― | ― | 23.29% | 11.08% | |
60 Neutral | ₹7.82B | 12.88 | ― | 0.27% | 2.83% | 37.81% | |
57 Neutral | ₹3.37B | 10.63 | ― | 7.91% | 1.83% | -27.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹15.57B | -35.73 | ― | 1.49% | -1.53% | -62.66% |
* General Sector Average
IN:TEAMLEASE
TeamLease Services Limited
1,078.85
-601.85
-35.81%
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TeamLease Services Limited Corporate Events
TeamLease Closes Trading Window Ahead of September Quarter Results
Sep 25, 2026
TeamLease Services Limited has announced the closure of its trading window for company securities for designated persons and their immediate relatives, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of c...
TeamLease Board Clears New ESOS 2026 Equity Incentive Plan
Aug 25, 2026
TeamLease Services Limited’s board has approved the formulation and implementation of a new employee stock option and restricted stock unit scheme, ESOS 2026, in line with SEBI’s regulations on share-based employee benefits and sweat e...
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.