New Product Or Brand Launch
Expected: FY26HIGH confidence
What: EV charging platforms: Entry into EV segment
Spectrum Electrical Industries Ltd: Stock Analysis & Fundamentals
Updated this weekSpectrum Electrical Industries Ltd (Capital Goods - Electric General) — fundamental analysis, earnings data, and key metrics. PE: 53.0. ROE: 14.3%. This stock is not currently in the Nifty 500 momentum outperformers list.
Spectrum Electrical Industries Ltd Key Facts
What's Happening
🌐FII stake increased 1.6% this quarter
Earnings Acceleration Triggers
1. New Product Or Brand Launch
FY26HIGH
2. Geographical Expansion
FY26MEDIUM
Key Risks
1. Copper prices reached record territory above $13,300 per tonne in early 2026, im
HIGH2. Ongoing conflict impacts supply chains and input cost volatility for petrochemic
MEDIUMSector-Specific Signals
Gross Current Assets (GCA) Days220 days
Debt to Equity Ratio0.9x
Interest Coverage Ratio5.1x
Manufacturing Locations16 Nos.
Key Numbers
Current Price
₹1,252
Market Cap
2.0K Cr
Valuation
N/AWhy Are Spectrum Electrical Industries Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
Geographical Expansion
Expected: FY26MEDIUM confidence
What: Bangalore facility: 1 additional facility
What Are the Key Risks for Spectrum Electrical Industries Ltd?
Earnings deceleration risks from management commentary
Copper prices reached record territory above $13,300 per tonne in early 2026, im
HIGHTrigger: Copper prices reached record territory above $13,300 per tonne in early 2026, impacting PCB and wiring costs.
Management view: Increasing inventory of raw materials to mitigate shortages.
Monitor: commodity
Ongoing conflict impacts supply chains and input cost volatility for petrochemic
MEDIUMTrigger: Ongoing conflict impacts supply chains and input cost volatility for petrochemical derivatives.
Management view: Increased inventory carrying costs to mitigate risk of shortages from the Gulf.
Monitor: geopolitical
What Did Spectrum Electrical Industries Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹126.51 Cr
YoY +77.6%QoQ +5.6%
Revenue growth was driven by operational scaling and expansion into the EV and automobile sectors.
EBITDA
₹20.17 Cr
YoY +83.3%Margin 15.9%
EBITDA growth of 16.05% QoQ reflects improved operational efficiency despite rising total expenses.
PAT
₹10.21 Cr
YoY +282.4%QoQ +30.7%
PAT growth significantly outpaced revenue due to a 47% QoQ decrease in tax expenses and margin expansion.
Other Highlights
• EPS rose to ₹6.44 in Q3FY26 from ₹4.93 in Q2FY26.
• Utilized ₹29.34 Cr from QIP for working capital and capex.
• Acquired 100% stake in Alric Electric for ₹1.11 Cr.
What Sector Metrics Matter for Spectrum Electrical Industries Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Gross Current Assets (GCA) Days
220 days
Why: Operations are working capital intensive, typical for the electrical equipment industry.
Debt to Equity Ratio
0.9x
Why: Planned capex is being funded through a debt:equity ratio of 70:30.
Interest Coverage Ratio
5.1x
Why: Expected to remain in line with returns from capex partially negated by higher debt.
Manufacturing Locations
16 Nos.
Why: Expansion into new facilities including Bangalore and Nashik.
What Is Spectrum Electrical Industries Ltd's Management Guidance?
Forward-looking targets from management for FY26
OPM Guidance
14%
Capex Plan
₹120 Cr
Margin Outlook
Targeting operating profitability over 13-14%
Capex Plan
₹100-120 Cr
Expansion and new facility in Bangalore
Management Tone: BULLISH
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Other Top Capital Goods - Electric General Stocks Beating Nifty 500
Frequently Asked Questions: Spectrum Electrical Industries Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Spectrum Electrical Industries Ltd's latest quarterly results?
Spectrum Electrical Industries Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: +233.3%
- Revenue Growth YoY: +76.1%
- Operating Margin: 15.0%
What is Spectrum Electrical Industries Ltd's current PE ratio?
Spectrum Electrical Industries Ltd's current PE ratio is 53.0x.
- Current PE: 53.0x
- Market Cap: 2.0K Cr
What is Spectrum Electrical Industries Ltd's price-to-book ratio?
Spectrum Electrical Industries Ltd's price-to-book ratio is 9.1x.
- Price-to-Book (P/B): 9.1x
- Book Value per Share: ₹137
- Current Price: ₹1252
Is Spectrum Electrical Industries Ltd a fundamentally strong company?
Spectrum Electrical Industries Ltd's fundamental strength based on key financial ratios
- Return on Capital (ROCE): 16.0%
Is Spectrum Electrical Industries Ltd debt free?
Spectrum Electrical Industries Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹164 Cr
What is Spectrum Electrical Industries Ltd's return on equity (ROE) and ROCE?
Spectrum Electrical Industries Ltd's return ratios over recent years
- FY2023: ROCE 11.0%
- FY2024: ROCE 16.0%
- FY2025: ROCE 16.0%
Is Spectrum Electrical Industries Ltd's cash flow positive?
Spectrum Electrical Industries Ltd's operating cash flow is negative (FY2025).
- Cash from Operations (CFO): ₹-26 Cr
- Free Cash Flow (FCF): ₹-79 Cr
- CFO/PAT Ratio: -104% (weak cash conversion)
What is Spectrum Electrical Industries Ltd's dividend yield?
Spectrum Electrical Industries Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹1252
Who holds Spectrum Electrical Industries Ltd shares — promoters, FII, DII?
Spectrum Electrical Industries Ltd's shareholding pattern (Mar 2026)
- Promoters: 72.7%
- FII (Foreign): 4.9%
- DII (Domestic): 0.3%
- Public: 22.0%
Is promoter holding increasing or decreasing in Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 72.7% (Mar 2026)
- Previous Quarter: 72.7% (Dec 2025)
- Change: 0.00% (stable)
Is Spectrum Electrical Industries Ltd a new momentum entry or an established outperformer?
Spectrum Electrical Industries Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd has 2 key growth catalysts identified from recent earnings analysis
- New Product Or Brand Launch — Entry into high-growth EV infrastructure provides a significant new revenue stream.
- Geographical Expansion — New capacity in Bangalore will support regional demand and operational scaling.
What are the key risks in Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd has 2 key risks worth monitoring
- [HIGH] Copper prices reached record territory above $13,300 per tonne in early 2026, im — Copper prices reached record territory above $13,300 per tonne in early 2026, impacting PCB and wiring costs.
- [MEDIUM] Ongoing conflict impacts supply chains and input cost volatility for petrochemic — Ongoing conflict impacts supply chains and input cost volatility for petrochemical derivatives.
What is Spectrum Electrical Industries Ltd's management guidance for growth?
Spectrum Electrical Industries Ltd's management has provided the following forward guidance for FY26
- Revenue outlook: Not Given
- OPM guidance: 14%
- Capex plan: ₹120 Cr for Expansion and new facility in Bangalore
- Management tone: bullish
What sector-specific metrics matter most for Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd's most important sub-sector-specific KPIs from the latest concall
- Gross Current Assets (GCA) Days: 220 days — Operations are working capital intensive, typical for the electrical equipment industry.
- Debt to Equity Ratio: 0.9x — Planned capex is being funded through a debt:equity ratio of 70:30.
- Interest Coverage Ratio: 5.1x — Expected to remain in line with returns from capex partially negated by higher debt.
- Manufacturing Locations: 16 Nos. — Expansion into new facilities including Bangalore and Nashik.
Is Spectrum Electrical Industries Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Spectrum Electrical Industries Ltd may be worth studying
- Currently showing mixed signals — monitor for clearer trend confirmation
What is the investment thesis for Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: New Product Or Brand Launch
Risk Factors (Bear Case)
- Key risk: Copper prices reached record territory above $13,300 per tonne in early 2026, im
What is the future outlook for Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd's forward outlook based on current data signals
- Key Catalyst: New Product Or Brand Launch
- Key Risk: Copper prices reached record territory above $13,300 per tonne in early 2026, im
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.