Want to see IN:TEAMLEASE full AI Analyst Report?
Top Page
TeamLease Services Limited
(TEAMLEASE)
Select Model
Select Model
Rating:62Neutral
Price Target:
₹1,320.00
▲(0.59% Upside)
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
Strong Revenue and Earnings Growth
Accelerating revenue and earnings indicate stronger workforce-services demand and expanding operating scale. Continued growth can support client penetration, increase deployed headcount, and improve the company’s ability to absorb fixed operating costs.
Negative Factors
Structurally Thin and Compressed Margins
Very low margins leave limited protection against wage inflation, compliance costs, pricing pressure, or execution mistakes. Even with strong revenue growth, small changes in staffing economics could materially affect operating profit and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue and Earnings Growth
Accelerating revenue and earnings indicate stronger workforce-services demand and expanding operating scale. Continued growth can support client penetration, increase deployed headcount, and improve the company’s ability to absorb fixed operating costs.
Read all positive factors
TeamLease Services Limited (TEAMLEASE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹21.51B
Dividend YieldN/A
Average Volume (3M)2.54K
Price to Earnings (P/E)14.2
Beta (1Y)0.71
Revenue Growth4.68%
EPS Growth29.26%
CountryIN
Employees2,209
SectorGeneral
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)88.29
Shares Outstanding16,768,900
10 Day Avg. Volume1,488
30 Day Avg. Volume2,535
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)89.92
Revenue Forecast (FY)₹126.74B
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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹52.96B | 20.97 | ― | 1.69% | -12.06% | 96.12% | |
62 Neutral | ₹21.51B | 14.20 | ― | ― | 4.68% | 29.26% | |
62 Neutral | ₹8.86B | 14.22 | ― | 0.24% | 2.83% | 37.81% | |
60 Neutral | ₹18.15B | 21.03 | ― | ― | 23.29% | 11.08% | |
57 Neutral | ₹4.29B | 12.77 | ― | 6.66% | 1.83% | -27.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹17.89B | -41.10 | ― | 1.31% | -1.53% | -62.66% |
* General Sector Average
IN:TEAMLEASE
TeamLease Services Limited
1,251.75
-622.15
-33.20%
IN:AWFIS
Awfis Space Solutions Limited
249.90
-323.15
-56.39%
IN:HGS
Hinduja Global Solutions Limited
384.05
-144.05
-27.28%
IN:KRYSTAL
Krystal Integrated Services Ltd.
623.65
-30.70
-4.69%
IN:QUESS
Quess Corp. Ltd.
354.85
101.90
40.28%
IN:RADIANTCMS
Radiant Cash Management Services Limited
37.49
-15.71
-29.53%
TeamLease Services Limited Corporate Events
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.