Spectrum Electrical Industries share price & results
- Jun 2026
- Sept 2026
Jalgaon manufacturer of electrical & auto components, diversifying into EV chargers, health-tech and IT.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 156 | +83.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 15.0 | +1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 13.0 | +116.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 23.85 | +6.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -9.32 | +12.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 44.66 | +8.3 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +178.3% 1Y
1Y: ₹1,332.2 on 24 Oct 2025 → ₹3,707.3. High ₹3,915.9 (6 Oct 2026), low ₹1,057.2 (12 Jan 2026).
- Previous close
- ₹3,694.2
- Market cap
- ₹6.3k Cr
- 52-week range
- ₹1,057.2 – ₹3,915.9
- One year
- +164.96%
- Price to earnings (TTM to Jun 2026)
- 121.38×
- Return on equity (TTM to Jun 2026)
- 23.85%
Overview
- Symbol
- NSE:SPECTRUM
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Spectrum Electrical Industries Limited does
Based on the company's own presentations, annual report and earnings calls.
Spectrum Electrical Industries, founded in 1994, manufactures precision electrical components (distribution boards, junction boxes, control panels) and automobile parts through sheet-metal stamping, plastic injection molding and electroplating across 16 manufacturing facilities in Jalgaon, Nashik and Bengaluru. It earns by supplying these components to electrical and automotive OEMs and to data-centre infrastructure customers (via brands like Legrand, Schneider, Eaton, ABB). Through subsidiaries it has diversified into EV charger manufacturing, medical-imaging (X-ray/MRI) components under Spectrum Health-Tech, and software/IT services under Pristine IT Code.
Segments
- Electrical & Automobile Components
- EV Charger
- Health-Tech
- Information Technology
- Manufacturing facilities
- 16 (across Jalgaon, Nashik & Bengaluru)
- Flagship Umala (Jalgaon) plant
- 300,000 sq. ft., Industry 4.0-enabled
- Subsidiaries
- 4 - Spectrum Electrical Technologies (100%), Spectrum Health-Tech (100%), Pristine IT Code (75%), Mechmaster Engineering (51%)
- Injection/insert/in-mold decoration machines
- 80
- Stamping/welding/assembly machines
- 65
- Surface-treatment (plating) lines
- 3 automatic + 6 semi-automatic
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +117% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 82 | 70 | 172 | 85 | 116 | 120 | 184 | 156 |
| Expenses | 74 | 60 | 147 | 73 | 101 | 101 | 153 | 133 |
| Operating profit | 8 | 10 | 25 | 12 | 15 | 18 | 32 | 23 |
| Operating margin | 10.0% | 14.0% | 14.0% | 14.0% | 13.0% | 15.0% | 17.0% | 15.0% |
| Other income | 2 | 1 | 1 | 2 | 2 | 1 | 1 | 3 |
| Interest | 2 | 4 | 4 | 5 | 3 | 5 | 4 | 5 |
| Depreciation | 3 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 5 | 5 | 19 | 7 | 11 | 12 | 26 | 18 |
| Tax rate | 14.0% | 37.0% | 31.0% | 10.0% | 29.0% | 23.0% | 24.0% | 25.0% |
| Net profit | 4 | 3 | 13 | 6 | 8 | 9 | 20 | 13 |
| EPS (₹ per share) | 2.79 | 2.14 | 8.59 | 3.90 | 5.05 | 5.85 | 12.46 | 8.46 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 397 | 505 |
| Expenses | 344 | 428 |
| Operating profit | 53 | 77 |
| Other income | 4 | 6 |
| Interest | 13 | 17 |
| Depreciation | 9 | 12 |
| Profit before tax | 33 | 56 |
| Net profit | 22 | 43 |
| Line item | Mar 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 15 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 77 | 149 | 163 | 174 | 200 | 226 |
| Borrowings | 84 | 93 | 92 | 161 | 164 | 214 |
| Other liabilities | 64 | 58 | 54 | 73 | 77 | 168 |
| Total liabilities | 239 | 316 | 325 | 424 | 457 | 623 |
| Fixed assets | 75 | 82 | 85 | 128 | 127 | 136 |
| Capital work in progress | 7 | 10 | 30 | 19 | 34 | 117 |
| Investments | 16 | 3 | 28 | 5 | 5 | 6 |
| Other assets | 141 | 221 | 182 | 272 | 291 | 364 |
| Total assets | 239 | 316 | 325 | 424 | 457 | 623 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 12 | 24 | 8 | -14 | -18 | 71 |
| Cash from investing | -11 | -21 | -3 | -34 | -40 | -101 |
| Cash from financing | 5 | -9 | 0 | 52 | 49 | 34 |
| Net cash flow | 6 | -6 | 6 | 4 | -8 | 4 |
| Free cash flow | 0 | 3 | 1 | -27 | -68 | -35 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 61 | 50 | 67 | 91 | 106 | 87 |
| Inventory days | 207 | 135 | 143 | 102 | 99 | 138 |
| Days payable | 86 | 78 | 102 | 61 | 60 | 104 |
| Cash conversion cycle | 183 | 107 | 108 | 133 | 146 | 121 |
| Working capital days | 34 | 26 | 20 | 33 | 14 | 33 |
| Return on capital employed | 10.0% | 12.0% | 11.0% | 17.0% | 16.0% | 18.0% |
| Dividend payout | 26.0% | 20.0% | 0.0% | 8.0% | 0.0% | 0.0% |
What the price assumes
AttractiveTo justify its price of ₹3707, this stock must grow earnings at 50% every year for 7 years. Our analysis caps realistic growth at ~95%. At that growth it is worth ₹21911 — upside of 491%.
- Growth the price implies
- 50.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 95.5% a year
- net profit, FY25–FY26
- The gap
- -0.5 pp
- 491% downside if it only repeats history
Ownership
Who owns it
Promoters hold 66.88% as of Sept 2026; institutions added 7.51 pts since Jun 2026.
- Promoters 66.88%
- Foreign institutions 3.51%
- Domestic institutions 7.99%
- Public 21.62%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mutual fund newly disclosed 4.38% held
- newly disclosed 2.19% held
- newly disclosed 1.46% held
The same filing shows 9 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Spectrum Electrical Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 48.79% | −4.26 pp | |
| 10.94% | −0.95 pp | |
| 4.43% | −0.39 pp | |
| Mutual fund | 4.38% | newly disclosed |
| 4.12% | −0.37 pp | |
| FPI fund | 3.33% | −0.29 pp |
| 3.02% | −0.27 pp | |
| 2.53% | −0.22 pp | |
| 2.19% | newly disclosed | |
| 1.46% | newly disclosed | |
| 1.29% | −0.11 pp | |
| 1.15% | −0.10 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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