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NSE:SPECTRUM

SPECTRUM ELECTRIC IND LTD

Capital Goods › Industrial Manufacturing
₹3,892.60
at close · 28 Oct 2026
▲ 162.60 (+4.36%)
ThemesElectronics Manufacturing (EMS)· coreElectric Vehicles· growing

Latest filings

Next results: Sat, 7 Nov · Financial Results/Other business matters
  1. Board to review September 2026 quarter and half-year results · Board & Shareholder Meetings
  2. Quarterly Compliance Certificate from Registrar under SEBI Depositories Regulations · Compliance
  3. Trading approval for 13.7 lakh preferential shares · Capital Market Events
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures electrical press components, injection moulded plastic components, and provides electroplating services for industrial customers, with operations based in Jalgaon, Maharashtra. Group revenue for FY26 stood at Rs 525.94 crore on a consolidated basis with net profit of Rs 44.48 crore, and raw materials are the dominant cost at 71.8% of revenue. The wholly owned subsidiary Spectrum Electrical Technologies Private Limited handles the manufacturing of electrical press components, injection moulding plastic components, and electroplating, with FY25-26 turnover of Rs 23.12 crore. Capital expenditure ran at 27.1% of revenue in FY26, and capital work-in-progress surged from Rs 188 lakh to Rs 1,168 lakh, pointing to an active expansion phase. The company acquired Alric Electric Private Limited as a wholly owned subsidiary for Rs 111 lakh in March 2026 and has signed a non-binding MOU with the Government of Maharashtra for a planned Rs 110 crore investment at Talegaon Akrale Industrial Area, expected to generate 525 jobs.

Operating scale
Capital work-in-progress
Rs 1,168 lakh (up from Rs 188 lakh)FY26
Planned Maharashtra investment
Rs 110 crore at Talegaon Akrale, 525 jobsFY27
Subsidiary turnover (Spectrum Electrical Technologies)
Rs 23.12 crore in FY25-26, vs Rs 10.07 crore in FY23-24FY25-26
Alric Electric acquisition cost
Rs 111 lakhMarch 2026
Number of subsidiaries
5FY26
Raw materials share of revenue
71.8%FY26
Who pays it
Industrial customers purchasing electrical components and metal finishing services
Biggest cost
Raw materials at 71.8% of revenue
Kind of business
Capital goods and industrial products manufacturer, materials-intensive, in an active capacity expansion phase
Where it sits
NSE and BSE listed industrial manufacturer (NSE: SPECTRUM, BSE: 544386) classified under Capital Goods / Industrial Products, headquartered in Jalgaon, Maharashtra
Market Cap
₹6,117 Cr
P / E (TTM)
106.3×
EV / EBITDA
56.8×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
16.3%▲
ROCE (FY26)
ROE 18.2% · margin 16.2%
Leverage
0.89·
Debt / Equity · moderate
Net debt ₹209 Cr
Moves on a normal day
2.20%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 145 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#117/130
P/B#109/112
ROCE#62/142
ROE#16/113
Debt / Equity#99/113
EBITDA margin#36/110
Revenue growth#16/114
Profit growth#18/109

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Carries more debt than its peers — 0.89× equity
higher than 87% of its 113 Industrial Products peers

Charts

How has the market priced it — with filings on the timeline?

SPECTRUM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SPECTRUM ELECTRIC IND LTD's filed financials and exchange disclosures

What does SPECTRUM ELECTRIC IND LTD do?

SPECTRUM ELECTRIC IND LTD is a Industrial Manufacturing company listed on NSE and BSE, trading under the symbol SPECTRUM.

Is SPECTRUM ELECTRIC IND LTD profitable?

Yes. Over the trailing twelve months SPECTRUM ELECTRIC IND LTD reported a net profit of ₹58 Cr on revenue of ₹680 Cr.

Does SPECTRUM ELECTRIC IND LTD pay a dividend?

Not in the latest reported year — SPECTRUM ELECTRIC IND LTD's dividend payout for FY26 was nil.

Is SPECTRUM ELECTRIC IND LTD debt-free?

No. It reported borrowings of ₹219 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹209 Cr after cash. Debt stands at 0.89× equity. That is higher than 87% of its 113 Industrial Products peers.

Is SPECTRUM ELECTRIC IND LTD expensive compared with its peers?

On trailing P/E, SPECTRUM ELECTRIC IND LTD ranks 117 of 130 in Industrial Products — cheaper than 10% of them, against an industry median of 26.7×. This is a position, not a valuation judgement.

How much does the SPECTRUM ELECTRIC IND LTD share price move in a day?

On a typical session SPECTRUM ELECTRIC IND LTD moves 2.20% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are SPECTRUM ELECTRIC IND LTD's next results?

Financial Results/Other business matters on Sat, 7 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track SPECTRUM ELECTRIC IND LTD's announcements?

Every NSE and BSE filing by SPECTRUM ELECTRIC IND LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.