TEAMLEASE SERVICES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,014 INR | -5.39% |
|
-10.22% | -5.76% |
Valuation
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 51,736 | 27,818 | 64,483 | 74,181 | 38,287 | 53,415 | - | - |
| Enterprise Value (EV) 1 | 50,451 | 27,610 | 60,487 | 71,024 | 34,900 | 45,957 | 51,473 | 47,510 |
| P/E ratio | 52.8 x | 79.5 x | 83.2 x | 193 x | 34.4 x | 41.1 x | 38 x | 25.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.16 x | 0.53 x | 1.32 x | 1.14 x | 0.49 x | 0.49 x | 0.48 x | 0.41 x |
| EV / Revenue | 1.13 x | 0.53 x | 1.24 x | 1.1 x | 0.44 x | 0.49 x | 0.46 x | 0.37 x |
| EV / EBITDA | 53.4 x | 29 x | 61.4 x | 49.9 x | 28.5 x | 34.2 x | 31.2 x | 20.5 x |
| EV / FCF | -269 x | -460 x | 20.6 x | -593 x | 29 x | 38.5 x | 37.6 x | 25.7 x |
| FCF Yield | -0.37% | -0.22% | 4.85% | -0.17% | 3.44% | 2.6% | 2.66% | 3.89% |
| Price to Book | 9.6 x | 4.86 x | 9.89 x | 10.7 x | 4.74 x | 5.92 x | 5.83 x | 4.32 x |
| Nbr of stocks (in thousands) | 17,097 | 17,097 | 17,097 | 17,097 | 17,097 | 16,769 | - | - |
| Reference price 2 | 3,026 | 1,627 | 3,772 | 4,339 | 2,239 | 3,185 | 3,185 | 3,185 |
| Announcement Date | 5/28/19 | 6/9/20 | 6/9/21 | 5/18/22 | 5/17/23 | 5/22/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 44,476 | 52,007 | 48,815 | 64,798 | 78,700 | 93,215 | 110,987 | 130,136 |
| EBITDA 1 | 944.5 | 950.9 | 985.1 | 1,424 | 1,223 | 1,343 | 1,649 | 2,317 |
| EBIT 1 | 839.4 | 665.1 | 648 | 1,016 | 791.1 | 817.8 | 1,084 | 1,700 |
| Operating Margin | 1.89% | 1.28% | 1.33% | 1.57% | 1.01% | 0.88% | 0.98% | 1.31% |
| Earnings before Tax (EBT) 1 | 964.1 | 850.6 | 885.4 | 455.6 | 1,150 | 1,177 | 1,482 | 2,209 |
| Net income 1 | 980.3 | 349.8 | 775 | 384.3 | 1,113 | 1,122 | 1,414 | 2,121 |
| Net margin | 2.2% | 0.67% | 1.59% | 0.59% | 1.41% | 1.2% | 1.27% | 1.63% |
| EPS 2 | 57.34 | 20.46 | 45.33 | 22.48 | 65.12 | 66.65 | 83.72 | 125.7 |
| Free Cash Flow 1 | -187.4 | -60.04 | 2,935 | -119.8 | 1,202 | 1,296 | 1,369 | 1,848 |
| FCF margin | -0.42% | -0.12% | 6.01% | -0.18% | 1.53% | 1.37% | 1.23% | 1.42% |
| FCF Conversion (EBITDA) | - | - | 297.95% | - | 98.32% | 97.65% | 82.99% | 79.79% |
| FCF Conversion (Net income) | - | - | 378.71% | - | 107.96% | 111.86% | 96.78% | 87.13% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 5/28/19 | 6/9/20 | 6/9/21 | 5/18/22 | 5/17/23 | 5/22/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,754 | 13,405 | 13,768 | 15,232 | 17,621 | 18,174 | 18,794 | 19,551 | 20,083 | 20,273 | 21,716 | 22,672 | 23,803 | 24,952 | 25,043 |
| EBITDA 1 | 244.3 | 261.1 | 295.1 | 341.5 | 380 | 410 | 253 | 316.7 | 316.3 | 336.8 | 263.4 | 315 | 334.3 | 386 | - |
| EBIT 1 | 159.9 | 174.3 | 202.5 | 230.1 | 278.9 | 304.3 | 163 | 215.7 | 203.3 | 209.1 | 138.4 | 196.2 | 212 | 244.3 | 152 |
| Operating Margin | 1.25% | 1.3% | 1.47% | 1.51% | 1.58% | 1.67% | 0.87% | 1.1% | 1.01% | 1.03% | 0.64% | 0.87% | 0.89% | 0.98% | 0.61% |
| Earnings before Tax (EBT) 1 | 245.9 | 253.7 | 266.1 | -479.7 | 319.5 | 349.8 | 278.8 | 321.6 | 286.4 | 263.5 | 258.3 | 280.5 | 275.5 | 333.5 | 222 |
| Net income 1 | 228.7 | 189.1 | 270.7 | -494.8 | 299.7 | 308.6 | 265.3 | 319.2 | 289.6 | 239.4 | 264 | 274 | 264.8 | 313.3 | 211 |
| Net margin | 1.79% | 1.41% | 1.97% | -3.25% | 1.7% | 1.7% | 1.41% | 1.63% | 1.44% | 1.18% | 1.22% | 1.21% | 1.11% | 1.26% | 0.84% |
| EPS 2 | 13.38 | 11.06 | 15.83 | -28.94 | 17.53 | 18.05 | 15.51 | 18.67 | 16.94 | 14.00 | 15.53 | 16.13 | 15.25 | 17.00 | 12.40 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/28/21 | 6/9/21 | 7/28/21 | 11/12/21 | 1/25/22 | 5/18/22 | 7/27/22 | 11/9/22 | 1/25/23 | 5/17/23 | 7/26/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,284 | 208 | 3,996 | 3,157 | 3,387 | 3,505 | 1,942 | 5,904 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -187 | -60 | 2,935 | -120 | 1,202 | 1,297 | 1,369 | 1,848 |
| ROE (net income / shareholders' equity) | 20% | 6.3% | 12.7% | 15% | 15.1% | 13.9% | 17% | 18.9% |
| ROA (Net income/ Total Assets) | 9.92% | 2.98% | - | - | - | - | - | - |
| Assets 1 | 9,882 | 11,724 | - | - | - | - | - | - |
| Book Value Per Share 2 | 315.0 | 335.0 | 381.0 | 405.0 | 472.0 | 538.0 | 546.0 | 737.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 63.7 | 157 | 98.2 | 58.3 | 60.3 | 313 | 481 | 373 |
| Capex / Sales | 0.14% | 0.3% | 0.2% | 0.09% | 0.08% | 0.33% | 0.43% | 0.29% |
| Announcement Date | 5/28/19 | 6/9/20 | 6/9/21 | 5/18/22 | 5/17/23 | 5/22/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
3,185
INR
Average target price
3,353
INR
Spread / Average Target
+5.26%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.76% | 641M | |
| -11.87% | 3.89B | |
| +53.85% | 2.25B | |
| -25.35% | 1.48B | |
| +0.81% | 1.12B | |
| +17.33% | 1.07B | |
| -8.98% | 711M | |
| -12.50% | 80.27M |
- Stock Market
- Equities
- TEAMLEASE Stock
- Financials TeamLease Services Limited
