SPECTRUMIndustrials

Spectrum Electrical Industries Limited

Industrial Products · ISIN INE01EO01010 · BSE 544386 · NSE BE · FV ₹10
Last price
₹3,050
-1.08%today
What this company does

Spectrum Electrical Industries Limited operates in Industrial Products, part of the Industrials sector. It booked ₹155 cr of revenue in its latest quarter (Q1 FY27) and kept 8.4% of sales as profit.

Empowering Growth At Spectrum Electrical, growth has always been driven by a simple belief: excellence in manufacturing creates value. Over the years, we have consistently transformed challenges into opportunities, strength- ening our foundation with a commitment to innovation to deliver the best. The theme “Driving Innovation. Creating Value. Empowering Growth” reflects our journey and our vision.
Their stated vision

To deliver high-quality, technology-led To be most agile, innovative OEM/ODM products at speed and scale, partnering as partner delivering future-ready products an OEM/ODM to transform innovation into and solutions globally.

Their stated mission

To deliver high-quality, technology-led To be most agile, innovative OEM/ODM products at speed and scale, partnering as partner delivering future-ready products an OEM/ODM to transform innovation into and solutions globally.

In the report:
57out of 100
Equitytale Health Score
Mixed

Healthier than 57% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
74

At close. Not part of the score.

Profitability & returns76

How much profit it earns on the money it employs

Balance sheet29

How much it owes, and whether earnings cover the interest

Cash quality84

Whether reported profit actually arrives as cash

Valuation8

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 81% vs last year
Profit up 129% vs last year
Promoters hold 73%
No promoter shares pledged
Strong 21% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in SPECTRUM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,050 -1.08%
latest close · 2026-09-17
52-wk low ₹46181 sessions so far52-wk high ₹3,174
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio91.8High
LowAverageHigh
P/B ratio19.61High
Below bookModerateHigh
EV / EBITDA47.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.3%Strong
WeakFairStrong ▸15%
Return on capital20.4%Strong
WeakFairStrong
Net margin8.4%Decent
ThinDecentStrong
EBITDA margin17.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.89Moderate
LowModerateHigh ▸1
Interest cover4.4×Okay
RiskyOkayStrong ▸5×
Current ratio1.34Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4,793 cr
Book value
₹156
EPS
₹8.31
latest quarter
Net debt
₹209 cr
owes more than its cash
Enterprise value
₹5,002 cr
EBITDA
₹105 cr
annualised
EBIT
₹91 cr
annualised
Operating margin
14.8%
Return on assets
7.8%
Earnings yield
1.09%
P/S
7.75
Sales / share
₹393.4
Tax rate
26.0%
Face value
₹10
Shares
1.6 cr
Working capital
₹75 cr
Current assets
₹294 cr
Current liabilities
₹219 cr
Delivery %
43.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹116₹239, midpoint ₹184

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹155 cr
Other Income₹2 cr
Total Income₹157 cr
Cost of Materials₹111 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-6 cr
Employee Benefit Expense₹8 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹17 cr
Total Expenses₹139 cr
Profit before Tax₹18 cr
Tax Expense₹5 cr
Net Profit₹13 cr
Net margin on total income8.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹106 cr67.7%
Employee benefit expense₹8 cr4.8%
Finance costs₹5 cr3.3%
Depreciation & amortisation₹3 cr2.2%
Other expenses₹17 cr10.7%
Tax expense₹5 cr2.9%
Profit for the period₹13 cr8.3%
Total income ₹157 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue125 cr283 cr155 cr
Total income127 cr285 cr157 cr
Expenses114 cr251 cr139 cr
Profit before tax12 cr34 cr18 cr
Tax2 cr7 cr5 cr
Net profit (owners' share)10 cr27 cr13 cr
Net margin (owners' share, on revenue)8.1%9.4%8.4%
EPS (₹)6.4416.938.31
YoY (latest quarter): total income +78.8% · net profit +129.1%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹668 cr
Shareholder equity
₹244 cr
parent shareholders
Total debt
₹219 cr
Cash
₹11 cr
Cash flow · H1 FY26
Operating
₹21 cr
Investing
₹-21 cr
Financing
₹-36 L
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹993₹48,086 cr50.1
Aditya Infotech Limited₹3,378₹39,814 cr70.0
Syrma SGS Technology Limited₹1,618₹31,158 cr77.9
Honeywell Automation India Limited₹33,915₹29,845 cr49.7
Kaynes Technology India Limited₹3,520₹23,596 cr104.5
Jyoti CNC Automation Limited₹981₹22,305 cr97.7
LMW Limited₹18,170₹19,406 cr87.4
Tega Industries Limited₹1,920₹14,425 cr
LLOYDS ENGINEERING WORKS LIMITED₹80₹11,801 cr42.7
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
72.7%
FII / Foreign
3.6%
DII / Domestic
0.4%
Retail / others
23.3%
Promoter stake up 1.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtDEEPAK SURESH CHAUDHARI · Promoter2.50 L · ₹50.0 cr11 Sep 26
BoughtDEEPAK SURESH CHAUDHARI · Promoter011 Sep 26
SoldKALPANA CHANDRKANT RANE · Promoter Group2,00027 Mar 24
Bulk / block deals
BoughtREKHA GUNAVANTH KUMAR · NSE2.20 L @ ₹72.551 Dec 22
BoughtNAV RATAN BHAIYA · NSE84,000 @ ₹72.551 Dec 22
SoldINVESTINO VENTURE LLP . · NSE7.62 L @ ₹72.551 Dec 22
Stake changes
BoughtFestino Vincom Limited→ 7.16% · 5.82 L4 Oct 18
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 20 Aug 2026
See the official result
1
To approve, offer, issue and allotment of equity shares and convertible warrants on a preferential basis
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
26.87 L votes for, 0 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 72.7% between them · as of 2026-06-30
DEEPAK SURESH CHAUDHARI53.05%
SPECTRUM FABRICATORS INDIA PVT LTD11.89%
BHARTI DEEPAK CHAUDHARI4.49%
KALPANA RANE3.29%
DARSHANA DEEPAK CHAUDHARIno shares
HITENDRA SANJAY PHIRAKEno shares
MANGALA SANJAY PHIRAKEno shares
MANISHA UMESH PATILno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹37 cr raised in Jan 2024 by selling shares to large investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

Capital Expenditure
100%
₹14 cr of ₹14 cr
Working Capital Requirements
100%
₹22 cr of ₹22 cr
General Corporate Purpose
100%
₹50 L of ₹50 L
Issue Expenses
100%
₹15.6 L of ₹15.6 L
Spent by quarter: 76%79%80%100% (to Mar 2026) · 1 earlier quarter is left out because the company restated its figures
₹12 cr raised in Jan 2024 by the company has taken member approval for the issued of 107250 convertible share warrants on 15/1/2024, the company issued and allotted 107250 convertible share warrants 25/01/2024 by way of preferential issued and converted into equity shares as on 24/07/2025

As of Sep 2025, the company says it has spent 100% of what it set aside.

Working Capital requirements
100%
₹9 cr of ₹9 cr
General corporate purpose
100%
₹3 cr of ₹3 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.