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Team Lease Services Ltd share Price

Company details

6M Return -9.41%
1Y Return -30.67%
Mkt Cap.(Cr) 3,851.87
Volume 15,535
Div Yield 0.00%
OI Chg %
Volume 15,535

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About The Stock

    TeamLease Ltd (TLL) is one of the leading providers of human resource services in the organised segment with ~6% share in flexi staffing.

    • Employment services include temporary staffing solutions, IT staffing, regulatory consultancy for labour law compliance and training & skills
    • Net debt free and healthy double digit RoCE (>14%) key positives


    Teamlease reported healthy numbers on the margin front.

    • EBIT margin improved 20 bps QoQ to 2.3%
    • EBITDA margins for specialised staffing improved 60 bps
    • The company added 34,000 associates in general staffing for FY22, its highest ever

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TeamLease Services Ltd.

Q4FY23 Quarterly Result Announced for TeamLease Services Ltd.

Commercial Services company TeamLease Services announced Q4FY23 results:

  • At the group level, revenue grew over 22% on a YoY basis & 1% QoQ.
  • General Staffing: We have added net ~8k headcount in Q4FY23 with net headcount addition of 29k with 15% YoY growth. Revenue up 23% on YoY basis and 1% QoQ.
  • Degree Apprenticeship (DA): Headcount dropped by 9k on account of discontinuance of the NEEM program. Including the impact of Q3 headcount, net revenue drops by Rs 5 crore in Q4FY23.
  • Specialised Staffing: Headcount is down by ~600 in Q4FY23 owing to headwinds in the IT Industry. We have taken up cost control measures in both Specialised staffing and DA.
  • HR Services: Revenue is up by 16% QoQ contributed by catchup of deferred billing in the University P&L. Annual revenue growth of EdTech vertical stood at 18% and RegTech at 51%. 

Mr. Ashok Reddy, Managing Director, TeamLease Services Limited commenting on the quarterly results said, “General staffing business has witnessed uniform growth across industry verticals with a strong outlook for upcoming quarters. Margins have come under pressure due to external variables impacting the higher margin businesses of Specialized staffing and DA.

“Ritu will be stepping down from her executive role and transitioning to a non-executive Board member. This transition, after having built TeamLease for 20 years will give her the space to pursue a different set of challenges in the years ahead. She leaves TeamLease as a far larger, stronger organization and we will always be grateful for her contribution & commitment to TeamLease and to our Cause of "Putting India to Work". Thank you Ritu for the many years of work, passion, and commitment and for building TeamLease to where we are today.”


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Investment recommendation

Call Date
18 May 2023
Entry Price 2,267.00
Target Price 2,370.00
12 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Team Lease Services Ltd Stocks COMPARISION


Equity Capital: 693.21 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 943.10 32,637.51
LAST 3M 17,174.81 50,737.17
LAST 6M 66,045.02 26,732.81
LAST 12M 121,409.17 72,523.78

Team Lease Services Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
Registered Address

6th Flr BMTC Commercial Comple, 80 Feet Road Koramangala, Bangalore, Karnataka, 560095

Tel : 91-80-33002345
Email : corporateaffairs:teamlease.com
Website : http://www.teamlease.com

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539658
Book Closure Date (Month) :
BSE Group : A
ISIN : INE985S01024

FAQ’s on Team Lease Services Ltd Shares

You can buy Team Lease Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Team Lease Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 29, 2023 03:58 PM the closing price of Team Lease Services Ltd was ₹ 2,252.95.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of May 29, 2023 03:58 PM, the market cap of Team Lease Services Ltd stood at ₹ 3,851.87.

The latest PE ratio of Team Lease Services Ltd as of May 29, 2023 03:58 PM is 33.93

The latest PB ratio of Team Lease Services Ltd as of May 29, 2023 03:58 PM is 0.21

The 52-week high of Team Lease Services Ltd is ₹ 3,812.05 while the 52-week low is ₹ 2,007.25

According to analyst recommendations, Team Lease Services Ltd has a “Buy” rating for the long term.

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