Spectrum Electric IND Ltd
NSE: SPECTRUM · Industrial Products · sector
₹3,694.20NSE close 2026-10-26
Key numbers
Market cap₹5,805 cr
Price₹3,694.20
52w high / low₹3,988 / ₹1,050
P/E100.9xSector median 24.2x
P/B23.8xSector median 2.8x
Book value₹155.5
Dividend yield–Sector median 0.50%
ROE26.5%Sector median 11.5%
ROCE20.7%Sector median 13.4%
OPM15.3%Sector median 10.3%
Debt / equity0.90xSector median 0.17x
EV/EBITDA57.6xSector median 16.7x
Interest cover4.8x
Current ratio1.34x
Sales growth 3y–Sector median +10.2%
Profit growth 3y–Sector median +12.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹33 cr vs borrowings ₹219 cr (FY26): borrowings are higher by ₹186 cr.
- Operating profit covered interest 4.8x in the last 12 months.
- Promoter holding fell by 5.84 percentage points in a year, to 66.88% (2026-09-30).
- Other income was 13% of net profit in the last 12 months.
- No dividend in the last 2 financial years.
- Price ₹3,694.20 on 2026-10-26: -7.4% from the 52-week high, +251.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,853.40 · low ₹1,107.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 169 | 85 | 118 | 125 | 283 | 155 |
| EBITDA | 25 | 12 | 15 | 19 | 46 | 24 |
| OPM % | 15.1% | 13.7% | 12.9% | 15.1% | 16.1% | 15.7% |
| Other income | 1 | 2 | 2 | 1 | 2 | 2 |
| Net profit | 14 | 6 | 8 | 10 | 27 | 13 |
| EPS (₹) | 8.70 | 3.65 | 4.93 | 6.44 | 16.93 | 8.31 |
| Revenue YoY | +67.9% | +80.9% | ||||
| Profit YoY | +95.5% | +129.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 402 | 526 | 680 |
| EBITDA | 54 | 80 | 104 |
| Net profit | 26 | 44 | 58 |
| EPS (₹) | 16.41 | 28.33 | 36.61 |
| Revenue growth | +30.8% | – | |
| Profit growth | +73.4% | – | |
| Dividend / share (₹) | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | +51.5% (2y) | +182.8% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 191 | 244 |
| Borrowings | 168 | 219 |
| Cash & equivalents | 4 | 33 |
| Total assets | 445 | 668 |
| Fixed assets | 113 | 112 |
| Capital work in progress | 38 | 172 |
| Investments | 1 | 1 |
| Receivables | 124 | 87 |
| Inventory | 76 | 153 |
| Payables | 38 | 90 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -26 | 94 |
| Cash from investing | -53 | -136 |
| Cash from financing | 72 | 48 |
| Capex | 61 | 143 |
| Free cash flow | -88 | -48 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 13.4% | 18.2% |
| ROCE % | 13.6% | 15.7% |
| Debtor days | 113 | 60 |
| Inventory days | 101 | 157 |
| Payable days | 50 | 92 |
| Cash conversion cycle (days) | 164 | 125 |
| Working capital days | 49 | 52 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 66.88% |
| FIIs | 3.50% |
| DIIs | 7.99% |
| of which Mutual funds | 5.42% |
| Public (non-institutions) | 21.63% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.53% | 72.53% | 72.72% | 72.72% | 72.72% | 72.72% | 66.88% | 66.88% |
| Promoter group | % |
|---|---|
| Deepak Suresh Chaudhari | 48.79% |
| Spectrum Fabricators India PVT Ltd | 10.94% |
| Sunil Pralhad Jangle | 4.42% |
| Bharti Deepak Chaudhari | 4.12% |
| Kalpana Rane | 3.02% |
| Yashoda Suresh Chaudhari | 0.00% |
| Sshadj Deepak Chaudhari | 0.00% |
| Darshana Deepak Chaudhari | 0.00% |
| Mangala Sanjay Phirake | 0.00% |
| Hitendra Sanjay Phirake | 0.00% |
| Manisha Umesh Patil | 0.00% |
| Meena Sunil Jangle | 0.00% |
| Spectrum Electroplater | 0.00% |
| Spectrum Polytech | 0.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Mutual Funds | 4.38% |
| India Emerging Giants Fund Limited | 3.24% |
| Devendra Sudhakar Rane | 2.53% |
| Valuequest India Inflexion Fund (Scheme of Valuequest India Investment Trust, Category III AIF) | 2.19% |
| Minosha India Limited | 1.46% |
| Rekha Gunavanth Kumar | 1.29% |
| Pramod Namdeo Ingale | 1.15% |
| Motilal Oswal Special Opportunities Fund | 1.03% |
3,747 shareholders. Pledged: – of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| SPECTRUM | ₹5,805 cr | 100.9x | 23.8x | 26.5% | 20.7% | 15.3% | – | – |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | SPECTRUM |
| BSE code | 544386 |
| ISIN | INE01EO01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.