Employees: 1,949
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | -₹583M | -₹952M | -₹219M | -₹192M |
| Capital expenditure | n/a | ₹1.43B | ₹612M | ₹188M | ₹139M |
| Total debt | n/a | ₹2.49B | ₹1.89B | ₹944M | ₹993M |
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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.
| Measure | SPECTRUM.NS | Peer median | Rank 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 margin | 13.0% | 15.1% | 4th highest of 7 |
| EV / Sales | 11.1× | 2.9× | most expensive of 7 |
| ROIC minus cost of capital | +17.8 pp | +1.0 pp | 2nd highest of 7 |
| EV / EBITDA | 72.7× | 16.2× | most expensive of 6 |
| Net debt / EBITDA | 2.1× | -0.6× | 2nd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Spectrum Electrical Industries SPECTRUM.NS | India | $800M | +262% | +104% | 13% | 11.1× | n/a | n/a |
| FuelCell Energy FCEL | United States | $796M | -27% | +1% | -88% | 2.2× | n/a | n/a |
| Genus Power Infrastructures GENUSPOWER.NS | India | $922M | -14% | +74% | 18% | 1.7× | n/a | n/a |
| Tempsens Instruments (India) TEMPSENS.NS | India | $464M | n/a | +18% | 20% | 9.7× | 46.7% | +23.4% |
| Shihlin Electric & Engineering 1503.TW | Taiwan | $2.51B | -20% | +8% | 12% | 2.0× | 11.5% | +7.7% |
| Standex International SXI | United States | $2.76B | -13% | +8% | 18% | 3.5× | 15.2% | +6.3% |
| Honeywell Automation India HONAUT.NS | India | $2.81B | -2% | +5% | 13% | 4.8× | 32.9% | +9.2% |