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Spectrum Electrical Industries
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Spectrum Electrical Industries Limited was originally incorporated as a private limited company with the name 'Spectrum Polytech Private Limited' on August 12, 2008. The name of Company was changed to Spectrum Electrical Component Private Limited on March 11, 2014. Further, name of the Company was changed to Spectrum Electrical Industries Private Limited on June 14, 2018. The Company was subsequently converted into a Public Limited Company and the name of Company was changed to Spectrum Electrical Industries Limited on June 20, 2018. Mr. Deepak Chaudhari, Promoter of the Company, started his entrepreneurial journey in 1995 through a proprietary firm, M/s. Spectrum Electroplaters in Jalgaon, Maharashtra. The firm was focused on undertaking zinc, nickel, tin, copper, silver and gold electroplating for Morarjee Dorman Smith Pvt. Ltd.(presently part of Legrand Group) and VIP Industries Limited. As the firm's business grew, Mr. Deepak Chaudhari extended the business operations to Nashik by incorporating a partnership firm under the name and style of M/s. Spectrum Electroplater in 2003, along with Mr. Devendra Rane and Mr. Chandrakant Rane. The partnership firm commenced its business operations with electroplating and later on added distribution box manufacturing activities for Anchor Electricals Pvt. Ltd. and ABB Limited in 2012. To expand the fabrication capacity further, Mr. Deepak Chaudhari incorporated M/s. Spectrum Fabricators (India) Pvt. Ltd. in Jalgaon in 2004. After achieving stability in the operations across the group entities, Mr. Deepak Chaudhari started Injection Moulding business and set up a partnership firm, M/s. Spectrum Polytech at Jalgaon along with his wife, Mrs. Bharti Chaudhari in 2008. Later on, a commercial tool room was set up in Spectrum Polytech for manufacturing of dies and moulds. For improving efficiencies, effective management and improvement / advancement of business, it was decided to integrate all the business operations of the group entities into one single entity. Accordingly, through business transfer agreements dated March 31, 2017, business of all the group entities, along with respective assets and liabilities were transferred to Spectrum Electrical Industries Limited with effect from April 1, 2017.
Spectrum Electrical Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Spectrum Electrical Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Spectrum Electrical Industries is valued compared to its competitors.
Spectrum Electrical Industries PE ratio helps investors understand what is the market value of each stock compared to Spectrum Electrical Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Spectrum Electrical Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Spectrum Electrical Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Spectrum Electrical Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Spectrum Electrical Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Spectrum Electrical Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Spectrum Electrical Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Spectrum Electrical Industries helps investors get an insight into when they can enter or exit the stock. Key components of Spectrum Electrical Industries Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Spectrum Electrical Industries shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Spectrum Electrical Industries ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Spectrum Electrical Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Spectrum Electrical Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Spectrum Electrical Industries .
The balance sheet presents a snapshot of Spectrum Electrical Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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