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    Spectrum Electrical Industries Limited

    Jalgaon manufacturer of electrical & auto components, diversifying into EV chargers, health-tech and IT.

    Capital Goods
    Industrials
    ₹1,805
    +30.49% from avg

    Overview

    Price

    ₹1,805

    Market Cap

    ₹3.7k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    1

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY25FY26FY26
    LiabilitiesEquity Capital1515151616161616
    Reserves626877154163175200229
    Borrowings7879998992185164249
    Other Liabilities34566459546977174
    Total Liabilities189218255317325445457668
    AssetsFixed Assets7080798285139127146
    CWIP591523303834172
    Investments1112133428151
    Other Assets103116149179182268291349
    Total Assets189218255317325445457668

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-17315212-1-2694
    Cash from Investing-12-20-15-23-9-35-53-136
    Cash from Financing29185-514397248
    SummaryCapital Expenditure
    Free Cash Flow-24-17-1-1-12-20-88-48
    FCF Margin

    Valuation

    Assumptions

    Current — SPECTRUM
    Price
    ₹1,805
    EPS (TTM)
    ₹31.92
    PE (TTM)
    56.5
    Profit growth
    92.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (80.6×) and current (56.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,805
    vs
    Fair value · 15% return
    ₹28,437
    1475%Undervalued

    At 92.3% growth and a 57× exit, ₹1805 only delivers your return if you pay ₹28,437. The price is currently baking in 17% growth.

    EPS grows 92.3%/yr for 5 years, then fades to 6% over 2, exits at 57×.

    YearGrowthEPS (₹)
    FY2792.3%61.38
    FY2892.3%118.04
    FY2992.3%226.99
    FY3092.3%436.50
    FY3192.3%839.38
    FY3249.1% ·fade1251.94
    FY336.0% ·fade1327.05

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Spectrum Electrical Industries Limited

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