New Product Or Brand Launch
Expected: FY26HIGH confidence
What: EV charging platforms: Entry into EV segment
Spectrum Electrical Industries Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +14.7%AverageRe-Entry
In , Spectrum Electrical Industries Ltd (Capital Goods - Electric General) is outperforming Nifty 500 with +14.7% relative strength. Fundamentals: Average.
Spectrum Electrical Industries Ltd Key Facts
- PE Ratio
- 63.3x
- Market Cap
- ₹2,811 Cr
- PAT Growth YoY
- +86%
- Revenue Growth YoY
- +68%
- OPM
- 16.0%
- RS vs Nifty 500
- +14.7%
PE: Mid ContractionStrong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
💪Debt reduced 34% YoY — balance sheet strengthening
🌐FII stake increased 1.6% this quarter
💰Trading 21% above estimated fair value — significant premium
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
PAT Growth YoY
+86%
Stable
Revenue YoY
+68%
Stable
Operating Margin
16.0%
+100 bps YoY
PE Ratio
63.3
Current Price
₹1,789
Fundamental Score
51/100
Average
3Y PAT CAGR
+77%
Market Cap
2.8K Cr
Valuation
Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why 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
How Fast Is Spectrum Electrical Industries Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +68% | +28% | Stable |
| PAT (Net Profit) | +86% | +77% | Stable |
| OPM | 16.0% | +100 bps | Volatile |
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 (Mar 2026) show
- PAT Growth YoY: +85.7% (stable)
- Revenue Growth YoY: +67.5%
- Operating Margin: 16.0% (volatile)
Is Spectrum Electrical Industries Ltd's profit growing or declining?
Spectrum Electrical Industries Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +85.7% (latest quarter)
- PAT Growth QoQ: +160.0% (sequential)
- 3-Year PAT CAGR: +76.5%
- Trend: Stable — consistent growth pattern
What is Spectrum Electrical Industries Ltd's revenue growth trend?
Spectrum Electrical Industries Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +67.5%
- Revenue Growth QoQ: +126.4% (sequential)
- 3-Year Revenue CAGR: +27.6%
How is Spectrum Electrical Industries Ltd's operating margin trending?
Spectrum Electrical Industries Ltd's operating margin is volatile.
- Current OPM: 16.0%
- OPM Change YoY: +1.0% basis points
- OPM Change QoQ: +1.0% basis points
What is Spectrum Electrical Industries Ltd's 3-year profit and revenue CAGR?
Spectrum Electrical Industries Ltd's long-term compounding rates
- 3-Year Profit CAGR: +76.5%
- 3-Year Revenue CAGR: +27.6%
Is Spectrum Electrical Industries Ltd's growth accelerating or decelerating?
Spectrum Electrical Industries Ltd's earnings growth is stable with positive momentum on a sequential basis.
- YoY Acceleration: -14.3% bps
- Sequential Acceleration: +25.0% bps
What is Spectrum Electrical Industries Ltd's trailing twelve month (TTM) performance?
Spectrum Electrical Industries Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹50 Cr
- TTM PAT Growth: +92.3% YoY
- TTM Revenue: ₹611 Cr
- TTM Revenue Growth: +52.0% YoY
- TTM Operating Margin: 14.9%
Is Spectrum Electrical Industries Ltd overvalued or undervalued?
Spectrum Electrical Industries Ltd appears overvalued based on our fair value analysis.
- Valuation Signal: Overvalued
- Current PE: 63.3x
- Price-to-Book: 11.5x
What is Spectrum Electrical Industries Ltd's current PE ratio?
Spectrum Electrical Industries Ltd's current PE ratio is 63.3x.
- Current PE: 63.3x
- Market Cap: 2.8K Cr
How does Spectrum Electrical Industries Ltd's valuation compare to its history?
Spectrum Electrical Industries Ltd's current PE is 63.3x.
- Current PE: 63.3x
- Valuation Assessment: Overvalued
What is Spectrum Electrical Industries Ltd's price-to-book ratio?
Spectrum Electrical Industries Ltd's price-to-book ratio is 11.5x.
- Price-to-Book (P/B): 11.5x
- Book Value per Share: ₹156
- Current Price: ₹1789
Is Spectrum Electrical Industries Ltd a fundamentally strong company?
Spectrum Electrical Industries Ltd is rated Average with a fundamental score of 51/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +67.5% (10% weight)
- PAT Growth YoY: +85.7% (10% weight)
- PAT Growth QoQ: +160.0% (10% weight)
- Margins stable (10% weight)
Is Spectrum Electrical Industries Ltd debt free?
Spectrum Electrical Industries Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹249 Cr
What is Spectrum Electrical Industries Ltd's return on equity (ROE) and ROCE?
Spectrum Electrical Industries Ltd's return ratios over recent years
- FY2024: ROCE 16.0%
- FY2025: ROCE 15.0%
- FY2026: ROCE 17.0%
Is Spectrum Electrical Industries Ltd's cash flow positive?
Spectrum Electrical Industries Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹94 Cr
- Free Cash Flow (FCF): ₹-42 Cr
- CFO/PAT Ratio: 214% (strong 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: ₹1789
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)
How long has Spectrum Electrical Industries Ltd been outperforming Nifty 500?
Spectrum Electrical Industries Ltd has been outperforming Nifty 500 for 3 consecutive weeks, indicating early-stage outperformance.
Is Spectrum Electrical Industries Ltd a new momentum entry or an established outperformer?
Spectrum Electrical Industries Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
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
- Earnings growing at +85.7% YoY
- Cash flow is positive — CFO ₹94 Cr
What is the investment thesis for Spectrum Electrical Industries Ltd?
Spectrum Electrical Industries Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +67.5% YoY
- Growth catalyst: New Product Or Brand Launch
Risk Factors (Bear Case)
- Appears overvalued
- 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
- Earnings Trend: stable
- Revenue Trend: stable
- Margin Trend: volatile
- Valuation: Overvalued
- 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.