Spectrum Electr.

NSE: SPECTRUM · Industrial Products

52W Range₹1,050 ₹2,460

Snapshot

Unlock Spectrum Electr.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Spectrum Electrical Industries Limited is an Indian manufacturer specialising in electrical, automobile, and irrigation components. The company provides a comprehensive range of products including distribution boards, EV chargers, and control panels, alongside value-added services like metallic stamping and plastics moulding.

Business Model

The company generates revenue through the design, manufacture, and sale of electrical and mechanical components, supported by specialised surface coating and tooling services. It operates as an end-to-end solutions provider for industrial and consumer electrical applications.

  • Incorporation Year:2008

Growth Outlook

Growth is expected to be driven by the expansion of the company's EV charger portfolio and the increasing demand for electrical safety devices in the Indian market. The company continues to leverage its tooling and moulding capabilities to capture broader industrial demand.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of metals and plastics used in manufacturing can significantly impact profit margins.
  • Competitive Intensity. The electrical components sector in India is highly fragmented, leading to intense price competition from both organised and unorganised players.
  • Technological Obsolescence. Rapid advancements in electrical and EV charging technology require continuous capital investment to maintain market relevance.
  • Cyclical Demand. The company's reliance on the automobile and irrigation sectors makes it susceptible to cyclical downturns in those specific industries.

Price

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Key Metrics

P/E

62.1x

Q4 FY26 · consolidated

62.1 vs 75.8x5Y avg

EV/EBITDA

33.6x

Q4 FY26 · consolidated

33.6 vs 39.6x5Y avg

NET PROFIT MARGIN

9.4%

Q4 FY26 · consolidated

+1.3 ppYoY

DEBT TO EQUITY

0.9x

Q4 FY26 · consolidated

+0.10xYoY

Peers · Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Spectrum Electr.SPECTRUM
2,22662.0833.6216.2%24.6%25.9%+24.6%
Marine Electric.MARINE
2,32960.0530.9114.3%12.6%13.8%20.5%+27.0%
Standard Engineering TechnologySETL
2,32771.8842.0517.8%11.4%16.0%
Cyient DLM LimitedCYIENTDLM
2,27663.5228.72-17.0%12.9%7.6%10.4%+21.3%
Jash EngineeringJASH
2,15443.7027.270.1%16.7%16.6%20.9%-9.4%
Honda IndiaHONDAPOWER
2,06933.3617.449.0%13.8%7.6%10.1%-29.5%

As of Q4 FY26

Financials