TeamLease Services Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 6490.96 Crore) operating in Services sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1349.80 Crore, up 5.02 % from last quarter Total Income of Rs 1285.27 Crore and up .36 % from last year same quarter Total Income of Rs 1345.00 Crore. Company reported net profit after tax of Rs 19.77 Crore in latest quarter.
Investment Rationale
The brokerage marginally reduces FY22E estimate by 2% to factor in revenue impact from the ongoing lockdown. Its TP of INR4,000/share implies 41x FY23E EPS.
Promoter/FII Holdings
Promoters held 34 per cent stake in the company as of March 31, 2021, while FIIs held 37.9 per cent, DIIs 17 per cent and public and other 11 per cent.
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