Spectrum Electrical Industries Limited, originally incorporated as "Spectrum Polytech Private Limited" on August 12, 2008, has evolved significantly. Its name changed to Spectrum Electrical Component Private Limited on March 11, 2014, and further to Spectrum Electrical Industries Private Limited on June 14, 2018. It subsequently converted into a Public Limited Company and was renamed Spectrum Electrical Industries Limited on June 20, 2018.
The Company is engaged in the business of designing and manufacturing an extensive range of products under the electrical components domain, catering to various applications and utilities. It undertakes activities such as designing, fabrication, moulding, powder coating, surface coating, and assembling to develop these products. By virtue of its multi-technology and varied processes, the Company is able to cater to diverse industries beyond just electrical components.
Spectrum Electrical Industries Limited is an ISO 9001:2015, 14001:2015, and 45001:2018 certified company. It operates manufacturing facilities in Jalgaon, Nashik, and Pune, Maharashtra. These facilities are utilized for surface coating services, manufacturing of sheet metal fabrication, electrical press components, tools, moulds & dies, plastic injection moulded components, and the assembly of Metal Junction Boxes.
The company, incorporated in 1995, specializes in Injection Moulding, manufacturing of Electrical Press Components, and Surface treatment of Automobile, Electrical, and Stamped parts. It operates across multiple verticals, including electrical components, automotive parts, and irrigation components, providing comprehensive solutions to its diverse customer base.
Mr. Deepak Chaudhari, the Promoter of the Company, commenced his entrepreneurial journey in 1995 with a proprietary firm named M/s. Spectrum Electroplaters in Jalgaon, Maharashtra. This firm initially focused on providing zinc, nickel, tin, copper, silver, and gold electroplating services for clients like Morarjee Dorman Smith Pvt. Ltd. (now part of Legrand Group) and VIP Industries Limited.
To enhance efficiencies, improve management, and advance its business operations, a strategic decision was made to integrate all group entities into a single entity. Consequently, through business transfer agreements dated March 31, 2017, the businesses of all group entities, along with their respective assets and liabilities, were transferred to Spectrum Electrical Industries Limited, effective April 1, 2017.
Spectrum Electrical Industries Ltd has demonstrated robust financial performance and consistent growth.
For the full year ended March 2025:
* Net profit rose 41.71% to ₹27.18 crore, compared to ₹19.18 crore in the previous year (FY24).
* Sales increased 23.22% to ₹397.09 crore, up from ₹322.26 crore in the previous year (FY24).
For the quarter ended March 2025:
* Net profit surged 126.14% to ₹13.41 crore, against ₹5.93 crore in the corresponding quarter of the previous year (Q4 FY24).
* Sales grew 36.22% to ₹172.09 crore, compared to ₹126.33 crore in the corresponding quarter of the previous year (Q4 FY24).
* Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 23.06%, outperforming the industry average of 17.79%.
* Market Share: The company's market share increased from 0.32% to 0.38% over the last 5 years.
* Net Income Growth: Over the last 5 years, net income has grown at a yearly rate of 42.1%, significantly higher than the industry average of 19.54%.
As of July 10, 2025, the market capitalization of Spectrum Electrical Industries Ltd (SPECTRUM) stands at ₹2,323.67 Crore, classifying it as a Small Cap company according to Value Research.
* P/E (Price-to-Earnings) Ratio: 95.07, which is a 160% premium to its peers' median range of 36.55 times.
* P/B (Price-to-Book) Ratio: 12.98, representing a 68% premium to its peers' median range of 7.71 times.
* Current P/E Ratio: 85.52.
* Current P/B Ratio: 13.69.
* 52-week High: ₹2400
* 52-week Low: ₹1413
* Last 1 Month: Share price moved down by 13.24% on BSE.
* Last 3 Months: Share price moved down by 7.50% on NSE.
* Last 12 Months: Share price moved down by 20.89% on NSE.
Promoter holding in Spectrum Electrical Industries Ltd has remained stable at 72.53% from September 2024 to March 2025, indicating strong management commitment and confidence in the business.
Spectrum Electrical Industries Ltd (SPECTRUM) operates within the Industrials sector, specifically in the Electrical Components & Equipments sub-sector. Its key peers include Siemens Ltd, CG Power & Industrial Solutions Ltd, Suzlon Energy Ltd, and Bharat Heavy Electricals Ltd.
Spectrum Electrical Industries Ltd, incorporated in 2008, maintains its registered office at Plot No V-195, MIDC Area, Ajanta Road, Jalgaon, Maharashtra, 425003. The contact number is 91-257-2210192.
Spectrum Electrical Industries has established itself as a significant player in the electrical components manufacturing space, demonstrating strong financial performance and consistent growth over the years. The company's diverse product portfolio, multiple manufacturing facilities, and robust promoter backing position it well for continued growth in the electrical and automotive components sectors.
