As of 6 Nov 2026, Teamlease Services trades at 11.4× trailing earnings, below the industry P/E of 13.7×, and the shares are 46% below their 52-week high. Sales and net profit grew 14% and 7.9% a year over 3 years, with ROCE of 11% and ROE of 16%. Debt is 0.14× equity. It is a small-cap company with a market cap of ₹1,542 Cr, ranked 2nd of 9 Staffing & Employment Services companies by market cap; the shares fell 35% over the past year.
- ₹1,088.30
- ₹1,088.30
- ₹985.00
- ₹1,089.80
- 1 L
Health check
- ReturnsBehind
−35.4% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 11.4 vs industry 13.7.
- GrowthSteady
Sales +14.2%, profit +7.9% a year over 3 years.
- ProfitabilityWeak
ROCE 11.1% vs peer median 17.5%.
- Balance sheetSolid
Debt 0.14× equity, interest covered 11.5×, Piotroski 6 of 9.
- Red flags1 to check
46% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,542 Cr
- Small cap
- P/E
- 11.4
- Industry 13.7
- Price to book
- 1.85
- Peers 3.06
- Dividend yield
- 0.00%
- ROE
- 15.8%
- Peers 19.6%
- ROCE
- 11.1%
- Peers 17.5%
- Debt to equity
- 0.14
- Debt ₹123 Cr
- EPS (TTM)
- ₹88.26
- Face value ₹10
- OPM (TTM)
- 1.3%
- Net margin 1.2%
- Sales growth
- +5.8%
- Latest quarter vs a year ago
- Profit growth
- +31.4%
- Latest quarter vs a year ago
- Price to sales
- 0.13
- EV/EBITDA 12.3
Strengths and risks
Strengths
- Quarterly profit up 31.4% on a year ago.
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 31.1% to 33.3%.
Risks to check
- 46% below its 52-week high.
About Teamlease Services
TeamLease Services Limited engages in the provision of human resource services in India and internationally. The company provides temporary and permanent staffing, consulting, IT infrastructure management, offshore development and testing centre, information technology, ITES/BPO/call center/KPO/RPO, and medical transcription; IT telecom recruitment, consulting and training, NOC and global NOC, telecom integration and radio frequency, telecom and ISP,…
- Headquarters
- Bengaluru
- Employees
- 2,209
- Sector
- Industrials
- ISIN
- INE985S01024
- Website
- group.teamlease.com
Price range
- Avg volume (3M)
- 64.9K
- 1-year return
- minus 35.4%
- From 52-week high
- minus 46.1%
Analyst consensus
Peers · Staffing & Employment Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| QUESSQuess Corp | 320.10 | minus 2.60% | 4,725 | 17.4 | 14.1 | 17.5% | 1.7% | 0.11 | −3.7% | plus 43.0% |
| TEAMLEASETeamlease Services | 1,009.30 | minus 7.39% | 1,542 | 11.4 | 4.3 | 11.1% | 0.6% | 0.11 | 14.2% | minus 35.4% |
| MAXGROWMaxgrow India | 172.35 | minus 1.99% | 688 | 1.3 | 1.5 | 21.7% | 2.2% | 0.00 | – | plus 598.9% |
| INNOVISIONInnovision | 267.69 | minus 0.63% | 637 | 15.9 | 9.0 | 19.5% | −4.0% | 0.43 | 56.5% | minus 28.5% |
| ITCONSItcons E-Solutions | 228.95 | minus 1.42% | 206 | 28.4 | 39.3 | 11.0% | 4.9% | 0.06 | 45.8% | minus 60.1% |
| AARVIAarvi Encon | 136.87 | plus 1.78% | 203 | 10.5 | 9.3 | 15.1% | −4.5% | 0.19 | 14.4% | plus 12.7% |
| HILIKSHiliks Technologies | 75.51 | plus 0.68% | 99 | 47.5 | 39.9 | 4.8% | 6.6% | – | 98.8% | plus 21.0% |
| PANHRPAN HR Solution | 48.20 | 0.00% | 35 | 3.6 | – | 21.8% | 3.3% | – | −2.9% | minus 38.2% |
| Median of 7 peers | – | −0.63% | 206 | 15.9 | 11.7 | 17.5% | 2.2% | 0.11 | 30.1% | 12.7% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2,858 | 2,869 | 3,013 | 2,925 | 3,035 | |
| – | – | – | +2.3% | +5.8% | |
| 2,810 | 2,839 | 2,971 | 2,879 | 3,003 | |
| 47.5 | 30.7 | 42.3 | 45.7 | 31.5 | |
| 1.7% | 1.1% | 1.4% | 1.6% | 1.0% | |
| 9.7 | 12.9 | 23.9 | 23.9 | 21.8 | |
| 4.2 | 3.7 | 3.4 | 3.1 | 3.7 | |
| 13.3 | 13.6 | 13.8 | 14.9 | 13.4 | |
| – | – | −5.7 | – | – | |
| 39.8 | 26.3 | 43.4 | 51.6 | 36.3 | |
| 4.9% | 4.8% | 2.1% | 10.8% | 5.0% | |
| 35 | 26.5 | 41.7 | 43.9 | 34.9 | |
| – | – | – | +25.6% | +31.4% | |
| 20.80 | 15.83 | 24.88 | 26.18 | 20.79 |
Profit & loss
- Sales CAGR 3Y
- +14.2%
- Profit CAGR 3Y
- +7.9%
- EPS CAGR 3Y
- +8.6%
- ROE
- 15.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7,860 | 9,312 | 11,093 | 11,721 | |
| – | +18.5% | +19.1% | +5.7% | |
| 7,687 | 9,128 | 10,910 | 11,511 | |
| 173 | 184 | 183 | 210 | |
| 2.2% | 2.0% | 1.7% | 1.8% | |
| −8.4 | −1.7 | −7.8 | 7.3 | |
| 5.7 | 10.2 | 14.8 | 14.3 | |
| 43.2 | 52.5 | 53.7 | 56.3 | |
| −0.8 | −2.2 | 7.6 | 3.9 | |
| 115 | 118 | 115 | 150 | |
| 3.0% | 4.3% | 3.5% | 5.9% | |
| 111 | 112 | 109 | 140 | |
| – | +0.7% | minus 3.0% | +28.4% | |
| 65.00 | 66.65 | 64.86 | 83.30 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.1 | 16.8 | 16.8 | 16.8 | |
| 791 | 781 | 892 | 1,027 | |
| 100 | 105 | 118 | 116 | |
| 860 | 1,034 | 1,118 | 1,641 | |
| 1,768 | 1,937 | 2,145 | 2,800 | |
| 87.8 | 80.2 | 77.4 | 90.3 | |
| 3.1 | 4.5 | 5 | 4.5 | |
| 429 | 432 | 485 | 761 | |
| 1,248 | 1,420 | 1,577 | 1,945 | |
| 1,768 | 1,937 | 2,145 | 2,800 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 126 | 118 | 104 | 302 | |
| −123 | 41 | −148 | −175 | |
| −24.4 | −151 | −35 | −42.3 | |
| −21.3 | 7.4 | −78.2 | 84.4 | |
| −19.6 | −20.5 | −31 | −29.5 | |
| 107 | 97.3 | 73.4 | 272 |
Shareholding pattern
- Promoters33.29%
- Public66.68%
- Employee trusts0.03%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 33.29% | 66.68% | 0.00 | |
| 29 Jul 2026 | 33.29% | 66.68% | plus 2.18 | |
| 30 Jun 2026 | 31.11% | 68.86% | 0.00 | |
| 31 Mar 2026 | 31.11% | 68.86% | 0.00 | |
| 31 Dec 2025 | 31.11% | 68.86% | – |
Major shareholders
Filings & events
News
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