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← CockpitCompetitor Analysis › SPECTRUM.NS Spectrum Electrical Industries LimitedOpen in the cockpit ↗

Spectrum Electrical Industries LimitedSPECTRUM.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Electronic Equipment/Instruments
Momentum leader 100
Mkt cap
$800M
US dollars, full cap
Free float
15%
of shares outstanding
$/day
$743,824
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+17.8 pp
WACC 9.3%
Hurdle
n/a
no reverse DCF
Close · INR₹4,414
1D+3.9%
1W+11.6%
1M+13.1%
3M+71.9%
6M+261.6%
YTD+254.8%
1Y+194.0%
ATR %5.3%
Beta0.03
52w lowhigh1.0% off high

What Spectrum Electrical Industries does

Employees: 1,949

Spectrum Electrical Industries at a glance

Size Spectrum Electrical Industries (SPECTRUM.NS) is an India Industrials company (Electronic Equipment/Instruments) with a market value of $800M, the 670th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹4,414 on 6 Nov 2026.

Performance Over six months the shares gained 261.6%, against -13.6% for the median peer and 0.0% for the India market (cap-weighted) — highest of 6 in its peer set.

Growth Revenue grew 103.6% over the last twelve months (peer median +8.3%); the operating margin is 13.0% (peer median 15.1%).

Valuation It trades at 11.1× enterprise value to sales against a peer median of 2.9× (most expensive of 7).

Capital Return on invested capital runs 17.8 points above its cost of capital (9.3% WACC).

Relative performance

10020030011 May 202611 Aug 20266 Nov 2026SPECTRUM.NS 352Peer median 88
Six months, rebased to 100: Spectrum Electrical Industries against the median of its 6 peers (local-currency closes).

Spectrum Electrical Industries financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹6.80B₹5.26B₹4.02B₹3.28B₹2.53B
Revenue growth—+31%+23%+29%—
Gross profit₹1.68B₹965M₹635M₹464M₹381M
EBITDA₹1.04B₹803M₹508M₹403M₹340M
Net income₹575M₹444M₹256M₹194M₹84.5M
Free cash flown/a-₹583M-₹952M-₹219M-₹192M
Capital expendituren/a₹1.43B₹612M₹188M₹139M
Total debtn/a₹2.49B₹1.89B₹944M₹993M

Quarterly statements and history in the cockpit →

Spectrum Electrical Industries competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+100%+200%-40%-20%0%FCELGENUSPOWER1503SXIHONAUTSPECTRUM.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Spectrum Electrical Industries is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%+100%5×10×FCELGENUSPOWERTEMPSENS1503SXIHONAUTSPECTRUM.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Spectrum Electrical Industries is the large dot.

Spectrum Electrical Industries competitors and peer comparison

How Spectrum Electrical Industries compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Spectrum Electrical Industries against its 6 peers (data as of 6 Nov 2026)
MeasureSPECTRUM.NSPeer medianRank in peer set
1-month return+13.1%-14.3%highest of 7
6-month return+261.6%-13.6%highest of 6
Distance from 52-week high-1.0%-32.4%highest of 7
Revenue growth (TTM)+103.6%+8.3%highest of 7
Operating margin13.0%15.1%4th highest of 7
EV / Sales11.1×2.9×most expensive of 7
ROIC minus cost of capital+17.8 pp+1.0 pp2nd highest of 7
EV / EBITDA72.7×16.2×most expensive of 6
Net debt / EBITDA2.1×-0.6×2nd most indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Spectrum Electrical Industries SPECTRUM.NSIndia$800M+262%+104%13%11.1×n/an/a
FuelCell Energy FCELUnited States$796M-27%+1%-88%2.2×n/an/a
Genus Power Infrastructures GENUSPOWER.NSIndia$922M-14%+74%18%1.7×n/an/a
Tempsens Instruments (India) TEMPSENS.NSIndia$464Mn/a+18%20%9.7×46.7%+23.4%
Shihlin Electric & Engineering 1503.TWTaiwan$2.51B-20%+8%12%2.0×11.5%+7.7%
Standex International SXIUnited States$2.76B-13%+8%18%3.5×15.2%+6.3%
Honeywell Automation India HONAUT.NSIndia$2.81B-2%+5%13%4.8×32.9%+9.2%

Questions

Which companies are Spectrum Electrical Industries's closest peers?
The cockpit's peer set: FuelCell Energy (FCEL), Genus Power Infrastructures (GENUSPOWER.NS), Tempsens Instruments (India) (TEMPSENS.NS), Shihlin Electric & Engineering (1503.TW), Standex International (SXI), Honeywell Automation India (HONAUT.NS).
Is Spectrum Electrical Industries expensive compared with its peers?
On ev / sales it trades at 11.1× against a peer median of 2.9×, most expensive of 7 in its peer set.
How has Spectrum Electrical Industries stock performed?
Over six months to 6 Nov 2026 the shares returned +261.6% against -13.6% for the median peer; over one year +194.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.