Credit ratingSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 24 Sep - CRISIL upgraded Spectrum Electrical’s ₹250 crore bank facilities to A-/Stable and A2+ on 24 September 2026.
Source: Bse
Spectrum Electrical Industries Limited (SPECTRUM)
Small CapIndustrials stocks · Small cap · NSE
Spectrum Electrical Industries Limited operates in Cables / Electrical Equipment, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:28 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
66Bullishfull bull SMA stack · SMA20 +44.7% / mo · MACD − · near 52W high
Stock trend: 79
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SPECTRUMD candles · FIT view+220.1%Latest close ₹3693.20 on 2026-10-21
Bar
+0.3%
RSI
61
MACD hist
-55.75
52W pos
90%
2026-10-21O ₹3683.30H ₹3699.00L ₹3499.20C ₹3693.20Vol 17,784 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SPECTRUMNifty India ManufacturingNifty 500
- SPECTRUM
- +73.2%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- +79.7 pp
Chart stats
21 Oct 2026- From 52W high
- -7.4%
- 52W range position
- 90%
- ATR (14)
- 5.6%
- Volume vs 20D
- 1.44x
- Avg traded value
- ₹4.7 Cr
- 20D price channel
- ₹3,080 - ₹3,988
₹3,988
₹1,050 - ₹3,988
₹207.7
Latest completed session
20-session average
43.8% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · WATCHLIST45
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +82.3% · PAT +116.7% YoY
Technical
Bullish66
Price trend and sector-relative-strength timing.
Valuation
Legacy model-185.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +82% YoY · PAT +117% YoY · margin expansion · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹155 Cr | +82.3% | -21.7% |
| EBITDA | ₹24 Cr | +100.0% | -29.4% |
| Operating margin | 16.0% | +200 bps | -100 bps |
| PAT | ₹13 Cr | +116.7% | -38.1% |
| PAT margin | 8.4% | +133 bps | -222 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 128.00
- P/B
- 24.61
- EV/EBITDA
- 65.64
- Market Cap
- 6643.00Cr
Profitability
- ROE
- 20.40%
- ROCE
- 16.80%
- ROA
- 7.78%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 28.00%
- EPS 5Y
- 50.00%
- Revenue 3Y
- 28.00%
- EPS 3Y
- 74.00%
Balance Sheet
- Debt/Equity
- 1.02
- Interest Coverage
- 6.13×
- Altman Z
- 7.96
- Book Value
- 156.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 94.00 Cr
- EPS TTM
- 32.93
Shareholding
- Promoter Hold
- 66.88%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 94%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 526+30.8% vs prev
Net Profit
₹ CrLatest: 44.0+76.0% vs prev
Return on Equity
%Latest: 18.0+37.2% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 61. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~30.9% over last month) — short-term momentum positive.
- RSI(14) at 61 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 7% off 52W high · 252% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
98
RS percentile
Stage 2 UptrendEstablished S2
1M return
+15.7%
3M return
+73.2%
6M return
+222.9%
1Y return
+150.7%
RS 1D
0
RS 20D
+2
Sector rank
#2
Industry rank
#7
Stage evidence
- Price is 78.0% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +17.2%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
04 Jun 2026
S2 age
97 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 285.56+1.20%
RS vs Nifty 500286
Valuation & peers
U-Score 45 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 45 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth20/25
Quality14/20
Balance Sheet6/15
Cash Flow1/10
Piotroski
7/9 (+5)
Penalties
-1
Raw sum
45
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
45/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 7/9.
- Growth contributes 20/25 to the score.
- Quality contributes 14/20 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -185.4%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
128.0
PB
24.6
EV/EBITDA
65.6
ROE
20.4%
ROCE
16.8%
FCF Yield
—
Debt/Equity
1.0
MoS
-185.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
45
Previous: 45
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-185.4%
Previous: -184.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
45
45
45
45
45
45
45
45
45
45
45
45
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹339.98
-986.3% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹1,294.15
-185.4% MoS
PEG
2.15
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MARINE
Small
Marine Electricals (India) Limited
Electrical Equipment
match 109
38
101.0
13.1%
-139%
WATCHLIST
MEIL
Small
Mangal Electrical Industries Limited
Electrical Equipment
match 100
58
15.4
11.3%
+59%
FAIR VALUE
WEL
Small
Wonder Electricals Limited
Electrical Equipment
match 100
25
82.0
8.9%
-101%
OVERVALUED
QPOWER
Micro
Quality Power Electrical Equipments Limited
Electrical Equipment
match 96
51
87.9
25.3%
-108%
FAIR VALUE
S&SPOWER
Small
S&S Power Switchgears Limited
Electrical Equipment
match 91
27
45.0
12.8%
-4%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Spectrum Electrical Industries Limited operates in Cables / Electrical Equipment, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
70Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 60th percentile within Industrials. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
63rd percentile
overall median 67 · Industrials: 60th pctile, median 68 · Small: 65th pctile, median 66
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
69
acceptable · leverage and solvency
Discipline
76
strong · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 72.7%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Only 0 years of positive FCF.
- ▸Debt/equity is 1.02.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Spectrum Electrical Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment 11 Sep - Allotted 13.74 lakh shares and 2.50 lakh warrants on preferential basis, raising about ₹325 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Sep - Spectrum Electrical Industries Limited has informed about copy of Newspaper Publication
Source: Bse
AnnouncementAug 2026
Aug 2026 · Spectrum Electrical Industries Ltd. Has informed Regarding - Authorization For Conversion Of Inter-Company Loans Into Equity Shares Of Wholly Owned Subsidiary Company. 26 May - Board approved converting up to ₹2.5 crore inter-company loan into equity of wholly owned subsidiary by August 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Jun - Spectrum Electrical Industries Limited has informed about Schedule of Analyst/Institutional meeting
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 28 May - Spectrum Electrical Industries Limited has informed regarding Newspaper Publication
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
Investor presentationDec 2024
Dec 2024 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.