SPECTRUM
Spectrum Electrical Industries Limited designs, manufactures, and sells electrical, automobile, and irrigation components in India. The company provides distribution boards, AC boxes, modular electric board panels, mini MCB bases and covers, tools, moulds, electric bulb holders, auto and irrigation equipment, lamp angle holders, EV chargers, control panel, metal junction boxes, electrical safety … Read more
SPECTRUM (SPECTRUM) - Net Assets
Latest net assets as of September 2025: ₹2.16 Billion INR
Based on the latest financial reports, SPECTRUM (SPECTRUM) has net assets worth ₹2.16 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹4.57 Billion) and total liabilities (₹2.41 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹2.16 Billion |
| % of Total Assets | 47.19% |
| Annual Growth Rate | 31.7% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 36.89 |
SPECTRUM - Net Assets Trend (2022–2025)
This chart illustrates how SPECTRUM's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SPECTRUM (2022–2025)
The table below shows the annual net assets of SPECTRUM from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹1.91 Billion | +15.34% |
| 2024-03-31 | ₹1.65 Billion | +88.09% |
| 2023-03-31 | ₹878.15 Million | +5.31% |
| 2022-03-31 | ₹833.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SPECTRUM's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 156.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹771.48 Million | 40.54% |
| Common Stock | ₹156.07 Million | 8.20% |
| Other Components | ₹975.64 Million | 51.26% |
| Total Equity | ₹1.90 Billion | 100.00% |
SPECTRUM Competitors by Market Cap
The table below lists competitors of SPECTRUM ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Southern Rubber Industry JSC
VN:CSM
|
$44.67 Million |
|
TY Holdings Co. Ltd. Pfd. Series 1
KO:36328K
|
$44.67 Million |
|
XTI Aerospace, Inc.
NASDAQ:XTIA
|
$44.70 Million |
|
Electra Battery Materials Corp
NASDAQ:ELBM
|
$44.70 Million |
|
Tirupati Forge Limited
NSE:TIRUPATIFL
|
$44.66 Million |
|
Mobase Co Ltd
KQ:101330
|
$44.66 Million |
|
Outcrop Gold Corp
OTCQX:OCGSF
|
$44.66 Million |
|
Japan Medical Dynamic Marketing INC
F:JMD
|
$44.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SPECTRUM's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,651,745,000 to 1,903,179,000, a change of 251,434,000 (15.2%).
- Net income of 256,092,000 contributed positively to equity growth.
- New share issuances of 2,789,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹256.09 Million | +13.46% |
| Share Issuances | ₹2.79 Million | +0.15% |
| Other Changes | ₹-7.45 Million | -0.39% |
| Total Change | ₹- | 15.22% |
Book Value vs Market Value Analysis
This analysis compares SPECTRUM's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 25.27x to 11.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | ₹55.15 | ₹1393.70 | x |
| 2023-03-31 | ₹58.09 | ₹1393.70 | x |
| 2024-03-31 | ₹107.90 | ₹1393.70 | x |
| 2025-03-31 | ₹121.11 | ₹1393.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SPECTRUM utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.64%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 2.34x
- Recent ROE (13.46%) is above the historical average (11.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 9.18% | 3.04% | 1.15x | 2.61x | ₹-6.88 Million |
| 2023 | 9.62% | 3.34% | 1.00x | 2.88x | ₹-3.31 Million |
| 2024 | 11.76% | 6.18% | 0.99x | 1.93x | ₹29.01 Million |
| 2025 | 13.46% | 6.64% | 0.87x | 2.34x | ₹65.77 Million |
Industry Comparison
This section compares SPECTRUM's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $8,990,537,538
- Average return on equity (ROE) among peers: 13.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SPECTRUM (SPECTRUM) | ₹2.16 Billion | 9.18% | 1.12x | $44.66 Million |
| Aartech Solonics Limited (AARTECH) | $246.68 Million | -0.79% | 0.21x | $4.95K |
| Apar Industries Limited (APARINDS) | $6.28 Billion | 17.42% | 4.19x | $1.87 Billion |
| Amara Raja Batteries Limited (ARE&M) | $67.99 Billion | 13.74% | 0.32x | $937.45 Million |
| Bharat Bijlee Limited (BBL) | $6.51 Billion | 2.21% | 0.60x | $223.06 Million |
| CG Power and Industrial Solutions Limited (CGPOWER) | $-842.90 Million | 0.00% | 0.00x | $5.59 Billion |
| CMI Limited (CMICABLES) | $1.75 Billion | 60.44% | 0.92x | $725.46K |
| Cords Cable Industries Limited (CORDSCABLE) | $865.72 Million | 4.84% | 1.48x | $10.41 Million |
| De Nora India Limited (DENORA) | $392.64 Million | 10.83% | 0.24x | $18.90 Million |
| Dynamic Cables Limited (DYCL) | $1.77 Billion | 17.48% | 1.27x | $47.33 Million |
| Elin Electronics Limited (ELIN) | $4.93 Billion | 5.44% | 0.49x | $33.98 Million |