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Team Lease Services Ltd share Price Today

Company details

3,330.00
3,465.00
2,140.15
3,526.15
6M Return 36.72%
1Y Return 53.36%
Mkt Cap.(Cr) 5,775.75
Volume 17,424
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 17,424

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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 ~7% 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
Q4FY23 Results:

    TeamLease reported decent margins in Q4FY23 results.

    • Revenue reported muted growth of 0.9% QoQ to ₹ 2,027.3 crore
    • EBITDA margin improved 10 bps QoQ to 1.7%
    • PAPM declined by ₹ 15 in the quarter

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Research view on more stocks

Miscellaneous Commercial Services company TeamLease Services announced Q2FY24 results:

1. Financial Performance:
- TeamLease Services reported a total revenue of Rs 2,286 crore in Q2FY24, showing a growth of 5% compared to Q1FY24.
- The operating revenue for Q2FY24 stood at Rs 2,273 crore, with a QoQ growth of 5%.
- The company's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) for Q2FY24 was Rs 32 crore, with an EBITDA margin of 1.4%.

2. Profitability:
- TeamLease recorded a profit before tax (PBT) of Rs 29 crore in Q2FY24, showing a growth of 14% compared to Q2FY23.
- The PBT margin for the same period was 1.3%.
- The company's profit after tax (PAT) margin stood at 1.2% in Q2FY24.

3. Market Presence:
- TeamLease added 122 new clients during Q2FY24, expanding its market presence.
- The company's total headcount crossed 3 lakhs, indicating a strong positioning in the staffing industry.
- TeamLease's specialized staffing division sustained revenues and profits despite headwinds in the IT industry.

4. General Staffing:
- TeamLease added approximately 28,000 net headcount in the general staffing division in H1FY24, taking the total billable headcount to around 2.51 lakhs.
- The staffing revenue grew by 5% QoQ and 20% YoY, driven by the BFSI (Banking, Financial Services, and Insurance) and Consumer verticals.

5. Degree Apprenticeship:
- The trainee headcount for the Degree Apprenticeship division showed net positive growth in the months of August and September 2023, driven by the National Apprenticeship Promotion Scheme and Work Integrated Learning Program.
- TeamLease expects the attrition of NEEM (National Employability Enhancement Mission) trainees to be completed by Q4FY24.

6. HR Services:
- The HR Services division of TeamLease witnessed a revenue growth of 27% QoQ and 20% YoY.
- The company introduced Digivarsity, a Multi-Employer, Multi University platform, in the Edtech segment to help students make informed career decisions.

Ashok Reddy, Managing Director, TeamLease Services commenting on the quarterly results said, “Staffing outlook has been positive on the back of strong hiring trends across all non-IT industry verticals. We have added over 28,000 net headcounts in Staffing in the first half of the year, aided by festive demand in Q2. Measures taken toward cost optimization, hiring, and sales restructuring helped us accelerate revenues and profitability. With strong leadership teams built across all business units, we are confident of maintaining growth momentum into the future. Uncertainty in IT staffing outlook continues.”

 

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Team Lease Services Ltd shares SWOT Analysis

Strengths (11)

  • MACD Crossover Above Signal Line
  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 3,469.5
R2 3,554.5
R3 3,609.1
Pivot

3,414.92

S1 3,329.9
S2 3,275.3
S3 3,190.3
EMA SMA
3,263.1
3,161.0
3,043.1
2,892.3
3,266.0
3,094.3
3,089.4
2,796.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-11 3065.6 44831 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-11 3065.6 5730 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-11 3065.6 44831 BSE
Name Category Shares
HR OFFSHORING VENTURES PTE LTD PROMOTER 23.8%
NED CONSULTANTS LLP PROMOTER 7.02%
HANSINI MANAGEMENT CONSULTANT PRIVATE LIMITED PROMOTER 0.78%

OUR RESEARCH VIEW

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

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Team Lease Services Ltd Stocks COMPARISON

Financials( in Cr) Team Lease Services Ltd Central Depository Services (India) Ltd TBO Tek Ltd Indegene Ltd Godrej Agrovet Ltd
Price 3,444.30 2,115.40 1,451.65 555.10 555.40
% Change 4.84 -0.30 3.22 -2.03 0.44
Mcap Cr 5,775.75 22,105.93 15,763.18 13,281.82 10,675.40
Revenue TTM Cr 7,870.00 555.09 1,064.59 2,306.13 9,373.68
Net Profit TTM Cr 111.55 275.96 148.49 266.10 295.36
PE TTM 52.83 52.71 112.09 50.00 29.73
1 Year Return 53.36 113.32 0.00 -2.77 31.15
ROCE 12.67 31.39 51.92 29.51 10.56
ROE 14.87 23.93 51.90 29.12 10.47
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 807.63 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 44,248.95 -31,659.16
LAST 3M 105,886.10 -43,482.14
LAST 6M 173,149.22 48,654.40
LAST 12M 264,707.07 127,969.33

Team Lease Services Ltd Information

Stock PE (TTM)
52.83
Promoter Holding
31.61%
Book Value
442.3718
ROCE
12.67%
ROE
14.87%
Registered Address

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

Tel : 91-80-33002345
Email : corporateaffairs:teamlease.com
Website : https://group.teamlease.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539658
NSE Code : TEAMLEASE
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 17, 2024 03:51 PM the closing price of Team Lease Services Ltd was Rs.3,444.30.

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 17, 2024 03:51 PM, the market cap of Team Lease Services Ltd stood at Rs. 5,775.75.

The latest PE ratio of Team Lease Services Ltd as of May 17, 2024 03:51 PM is 52.83

The latest PB ratio of Team Lease Services Ltd as of May 17, 2024 03:51 PM is 0.13

The 52-week high of Team Lease Services Ltd share price is Rs. 3,526.15 while the 52-week low is Rs. 2,140.15

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

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