TEAMLEASE
Teamlease Services Limited
Staffing and workforce solutions provider offering general and specialised staffing and HR services
Services›Services›Commercial Services & Supplies›Diversified Commercial Services
teamlease.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1145.40
Market cap
1,750 Cr
Stock P/E
13.0
P/B
1.84
ROE (FY26)
13.2%
ROCE (FY26)
15.0%
Operating margin (FY26)
0.9%
Debt / equity (FY26)
0.03
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
TeamLease provides general staffing, specialised staffing and other HR services to companies, including technology firms and global capability centres (GCCs, the in-house centres multinationals set up to run work for the parent).
Company snapshot
19thBy market cap
Ranked among 36 companies in Diversified Commercial Services.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 93.1% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| General Staffing and Allied Services | 93.1% | 2,721 Cr | 26 Cr | 902 Cr |
| Other HR Services | 1.8% | 53 Cr | -2 Cr | 116 Cr |
| Specialised Staffing Services | 5.0% | 147 Cr | 11 Cr | 342 Cr |
What we see
Positives
- ✓Debt-to-equity of 0.03x — the company is largely funded by its own money, not borrowed funds.
Concerns
- ✗Net margin is very thin at 1.2% — little room for error if costs rise.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,273 Cr | 2,445 Cr | 2,432 Cr | 2,580 Cr | 2,797 Cr | 2,921 Cr | 2,858 Cr | 2,891 Cr | 3,032 Cr | 3,013 Cr | 2,925 Cr | 3,035 Cr |
| Operating expenses (approx.) | 2,241 Cr | 2,409 Cr | 2,395 Cr | 2,558 Cr | 2,763 Cr | 2,886 Cr | 2,810 Cr | 2,861 Cr | 2,994 Cr | 2,971 Cr | 2,879 Cr | 3,003 Cr |
| EBITDA | 32 Cr | 36 Cr | 37 Cr | 22 Cr | 33 Cr | 35 Cr | 47 Cr | 31 Cr | 38 Cr | 42 Cr | 46 Cr | 31 Cr |
| OPM % | 1.4% | 1.5% | 1.5% | 0.9% | 1.2% | 1.2% | 1.7% | 1.1% | 1.3% | 1.4% | 1.6% | 1.0% |
| Other income | 13 Cr | 10 Cr | 9 Cr | 14 Cr | 11 Cr | 10 Cr | 10 Cr | 13 Cr | 9 Cr | 24 Cr | 24 Cr | 22 Cr |
| Interest | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 3 Cr | 4 Cr | 4 Cr | 4 Cr | 3 Cr | 3 Cr | 4 Cr |
| Depreciation | 13 Cr | 14 Cr | 14 Cr | 13 Cr | 14 Cr | 13 Cr | 13 Cr | 14 Cr | 14 Cr | 14 Cr | 15 Cr | 13 Cr |
| Profit before tax | 29 Cr | 33 Cr | 30 Cr | 20 Cr | 26 Cr | 29 Cr | 40 Cr | 26 Cr | 29 Cr | 43 Cr | 52 Cr | 36 Cr |
| Tax % | 6.0% | 5.5% | 4.8% | 4.1% | 4.1% | 0.7% | 4.9% | 4.8% | 4.0% | 2.1% | 10.8% | 5.0% |
| Net profit | 28 Cr | 31 Cr | 28 Cr | 19 Cr | 25 Cr | 28 Cr | 38 Cr | 25 Cr | 28 Cr | 42 Cr | 46 Cr | 34 Cr |
| EPS (₹) | ₹16.26 | ₹18.49 | ₹16.39 | ₹12.40 | ₹14.66 | ₹16.95 | ₹20.85 | ₹15.83 | ₹16.41 | ₹24.88 | ₹26.18 | ₹20.79 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,041 Cr | 3,624 Cr | 4,448 Cr | 5,201 Cr | 4,881 Cr | 6,480 Cr | 7,870 Cr | 9,322 Cr | 11,156 Cr | 11,791 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 3,004 Cr | 3,555 Cr | 4,353 Cr | 5,106 Cr | 4,783 Cr | 6,337 Cr | 7,748 Cr | 9,191 Cr | 11,018 Cr | 11,634 Cr | Sign in free for the trailing twelve months |
| EBITDA | 37 Cr | 69 Cr | 94 Cr | 95 Cr | 99 Cr | 142 Cr | 122 Cr | 131 Cr | 138 Cr | 157 Cr | Sign in free for the trailing twelve months |
| OPM % | 1.2% | 1.9% | 2.1% | 1.8% | 2.0% | 2.2% | 1.6% | 1.4% | 1.2% | 1.3% | Sign in free for the trailing twelve months |
| Other income | 22 Cr | 16 Cr | 18 Cr | 31 Cr | 35 Cr | 20 Cr | 44 Cr | 46 Cr | 45 Cr | 69 Cr | Sign in free for the trailing twelve months |
| Interest | 1 Cr | 2 Cr | 5 Cr | 12 Cr | 7 Cr | 4 Cr | 6 Cr | 10 Cr | 15 Cr | 14 Cr | Sign in free for the trailing twelve months |
| Depreciation | 6 Cr | 9 Cr | 11 Cr | 29 Cr | 34 Cr | 41 Cr | 43 Cr | 53 Cr | 54 Cr | 56 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 52 Cr | 73 Cr | 96 Cr | 83 Cr | 89 Cr | 46 Cr | 115 Cr | 118 Cr | 115 Cr | 150 Cr | Sign in free for the trailing twelve months |
| Tax % | -11.8% | -1.3% | -1.7% | 57.8% | 11.4% | 13.4% | 3.0% | 4.3% | 3.5% | 5.9% | Sign in free for the trailing twelve months |
| Net profit | 58 Cr | 73 Cr | 98 Cr | 35 Cr | 78 Cr | 39 Cr | 112 Cr | 113 Cr | 110 Cr | 141 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹33.67 | ₹42.96 | ₹57.34 | ₹20.46 | ₹45.33 | ₹22.48 | ₹65.12 | ₹66.65 | ₹64.86 | ₹83.30 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr |
| Reserves | 349 Cr | 425 Cr | 522 Cr | 555 Cr | 635 Cr | 676 Cr | 791 Cr | 781 Cr | 890 Cr | 1,027 Cr |
| Borrowings | 1 Cr | 7 Cr | 11 Cr | 76 Cr | 0.01 Cr | 28 Cr | 19 Cr | 105 Cr | 45 Cr | 34 Cr |
| Other liabilities | 310 Cr | 437 Cr | 540 Cr | 607 Cr | 655 Cr | 807 Cr | 928 Cr | 1,021 Cr | 1,177 Cr | 1,706 Cr |
| Total liabilities | 678 Cr | 886 Cr | 1,090 Cr | 1,255 Cr | 1,311 Cr | 1,540 Cr | 1,768 Cr | 1,937 Cr | 2,145 Cr | 2,800 Cr |
| Fixed assets (net) | 3 Cr | 5 Cr | 9 Cr | 13 Cr | 12 Cr | 11 Cr | 11 Cr | 80 Cr | 77 Cr | 90 Cr |
| CWIP | — | — | 0 Cr | 0 Cr | 15 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Investments | 10 Cr | 59 Cr | 41 Cr | 65 Cr | 61 Cr | 53 Cr | 271 Cr | 3 Cr | 76 Cr | 203 Cr |
| Loans & advances | — | — | 1 Cr | 6 Cr | 3 Cr | 0 Cr | 0 Cr | 0.19 Cr | 0 Cr | 0 Cr |
| Trade receivables | 173 Cr | 223 Cr | 264 Cr | 296 Cr | 278 Cr | 370 Cr | 536 Cr | 450 Cr | 491 Cr | 798 Cr |
| Cash & bank | 26 Cr | 73 Cr | 61 Cr | 64 Cr | 259 Cr | 177 Cr | 149 Cr | 168 Cr | 95 Cr | 170 Cr |
| Other assets | 466 Cr | 525 Cr | 712 Cr | 810 Cr | 684 Cr | 929 Cr | 801 Cr | 1,236 Cr | 1,405 Cr | 1,539 Cr |
| Total assets | 678 Cr | 886 Cr | 1,090 Cr | 1,255 Cr | 1,311 Cr | 1,540 Cr | 1,768 Cr | 1,937 Cr | 2,145 Cr | 2,800 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 36 Cr | 79 Cr | -12 Cr | 10 Cr | 303 Cr | -6 Cr | 126 Cr | 118 Cr | 104 Cr | 302 Cr |
| Cash from investing | -19 Cr | -24 Cr | 2 Cr | -47 Cr | -12 Cr | -89 Cr | -123 Cr | 41 Cr | -148 Cr | -175 Cr |
| Cash from financing | -23 Cr | -13 Cr | -6 Cr | -0.08 Cr | -44 Cr | -13 Cr | -24 Cr | -151 Cr | -35 Cr | -42 Cr |
| Net cash flow | -6 Cr | 42 Cr | -17 Cr | -38 Cr | 247 Cr | -108 Cr | -21 Cr | 7 Cr | -78 Cr | 84 Cr |
| Free cash flow (OCF − Capex) | 34 Cr | 77 Cr | -24 Cr | -6 Cr | 293 Cr | -20 Cr | 107 Cr | 97 Cr | 73 Cr | 272 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 14.3% | 16.7% | 18.5% | 14.7% | 14.5% | 6.8% | 14.4% | 14.0% | 13.4% | 15.0% |
| ROE % | 15.7% | 16.6% | 18.2% | 6.1% | 11.8% | 5.4% | 13.6% | 13.8% | 11.8% | 13.2% |
| Debtor days | 21 | 22 | 22 | 21 | 21 | 21 | 25 | 18 | 16 | 25 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days payable | 1 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Cash conversion cycle | 20 | 21 | 19 | 18 | 19 | 18 | 23 | 15 | 14 | 22 |
| OCF / EBITDA % | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. |
| OCF / EBITDA % (3 years) | — | — | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. |
| Debt / equity | 0.0030 | 0.02 | 0.02 | 0.13 | 0.0000 | 0.04 | 0.02 | 0.13 | 0.05 | 0.03 |
| Current ratio | 1.56 | 1.23 | 1.15 | 0.99 | 1.53 | 1.43 | 1.45 | 1.31 | 1.31 | 1.45 |
| Net debt / EBITDA | -0.66 | — | -0.53 | 0.13 | -2.63 | -1.05 | -1.06 | -0.48 | -0.36 | -0.86 |