SPECTRUM

Spectrum Electrical Industries share price & financials

Price
₹1,805
Market cap
₹4.8k Cr
Sector
Capital Goods

What Spectrum Electrical Industries Limited does

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
Founded 1994Headquarters Jalgaon, Maharashtra, India Company website

Quarterly results

Q1 FY27: revenue up 83.5%, net profit up 116.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue82 70 172 85 116 +41%120 +71%184 +7%156 +84%
EBITDA8 10 25 12 15 +88%18 +80%32 +28%23 +92%
Net profit4 3 13 6 8 +100%9 +200%20 +54%13 +117%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +121.5% 1Y

₹1.0k₹1.5k₹2.0k₹2.5k₹3.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹1,364.3 on 10 Sept 2025 → ₹3,022.5. High ₹3,022.5 (11 Sept 2026), low ₹1,057.2 (12 Jan 2026).

Financials, as filed

Revenue grew 27.2% a year over 1 year, FY25 to FY26. Operating margin widened to 15.2%.

Year endingFY25FY26
Revenue₹397 Cr₹505 Cr
Operating profit₹53 Cr₹77 Cr
Operating margin13.4%15.2%
Interest₹13 Cr₹17 Cr
Depreciation₹9 Cr₹12 Cr
Net profit₹22 Cr₹43 Cr
Net margin5.5%8.5%
Cash from operations₹-18 Cr₹71 Cr
Free cash flow₹-68 Cr₹-35 Cr
ROCE16.0%18.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹15 Cr₹15 Cr₹15 Cr₹16 Cr₹16 Cr₹16 Cr
Reserves₹62 Cr₹68 Cr₹77 Cr₹163 Cr₹200 Cr₹226 Cr
Borrowings₹77 Cr₹77 Cr₹84 Cr₹92 Cr₹164 Cr₹214 Cr
Other liabilities₹34 Cr₹56 Cr₹64 Cr₹54 Cr₹77 Cr₹166 Cr
Total liabilities₹188 Cr₹216 Cr₹239 Cr₹325 Cr₹457 Cr₹621 Cr
Fixed assets₹70 Cr₹80 Cr₹75 Cr₹85 Cr₹127 Cr₹136 Cr
Capital work in progress₹1 Cr₹3 Cr₹7 Cr₹30 Cr₹34 Cr₹117 Cr
Investments₹14 Cr₹15 Cr₹16 Cr₹28 Cr₹5 Cr₹6 Cr
Other assets₹103 Cr₹117 Cr₹141 Cr₹182 Cr₹291 Cr₹362 Cr
Total assets₹188 Cr₹216 Cr₹239 Cr₹325 Cr₹457 Cr₹621 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −0.48 pp while the public added +0.28 pp. The shareholder count grew 74% to 2,840.

Promoters
72.7%
FIIs
3.6%
DIIs
0.4%
Public
23.3%

Since Jun 2025

  • FIIs −0.48 pp
  • Public +0.28 pp
  • Promoters +0.18 pp

How it drifted, 12 quarters

Over this window the public fell from 28.6% to 23.3% — −5.3 pp.

Mar '22Sep '24Jun '26

Ownership split by quarter, oldest first. Mar '22: Promoters 71.5%, Public 28.6%.Sep '22: Promoters 71.5%, Public 28.6%.Mar '23: Promoters 71.5%, DIIs 0.1%, Public 28.5%.Sep '23: Promoters 74.9%, FIIs 0.6%, Public 24.6%.Mar '24: Promoters 72.5%, FIIs 2.5%, DIIs 0.3%, Public 24.6%.Sep '24: Promoters 72.5%, FIIs 2.7%, DIIs 0.3%, Public 24.4%.Mar '25: Promoters 72.5%, FIIs 3.7%, DIIs 0.3%, Public 23.4%.Jun '25: Promoters 72.5%, FIIs 4.1%, DIIs 0.3%, Public 23.0%.Sep '25: Promoters 72.7%, FIIs 4.3%, DIIs 0.3%, Public 22.6%.Dec '25: Promoters 72.7%, FIIs 4.7%, DIIs 0.3%, Public 22.3%.Mar '26: Promoters 72.7%, FIIs 4.9%, DIIs 0.3%, Public 22.0%.Jun '26: Promoters 72.7%, FIIs 3.6%, DIIs 0.4%, Public 23.3%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Spectrum Electrical Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Deepak Suresh Chaudhari 53.05%unchanged
Spectrum Fabricators India Pvt Ltd 11.89%unchanged
Sunil Pralhad Jangle 4.82%unchanged
Bharti Deepak Chaudhari 4.49%unchanged
India Emerging Giants Fund Limited FPI fund3.62%−0.64 pp
Kalpana Rane 3.29%unchanged
Devendra Sudhakar Rane 2.75%unchanged
Rekha Gunavanth Kumar 1.40%unchanged
Pramod Namdeo Ingale 1.25%unchanged
Mangala Sanjay Phirake 0.00%unchanged
Darshana Deepak Chaudhari 0.00%unchanged
Sshadj Deepak Chaudhari 0.00%unchanged

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.

What the price assumes

Attractive

To justify its price of ₹3022, this stock must grow earnings at 46% every year for 7 years. Our analysis caps realistic growth at ~95%. At that growth it is worth ₹21911 — upside of 625%.

Growth the price implies
45.5% 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
625% downside if it only repeats history
Price today ₹3,022.5 Value at the reference growth ₹21,911.07

Change the assumptions yourself →

Learn to analyse Spectrum Electrical Industries Limited

Guides on how to read this kind of business and the numbers that matter.