Team Lease Services Ltd
About
TeamLease Services Limited is a company based in India, founded in 2000 that provides recruitment and human resources services and is headquartered in Bengaluru. The company operates nine offices across India. In the year 2000, TeamLease was founded as India Life Chakravarti Actuarial Services Private Limited by its creators, Manish Sabharwal and Ashok Reddy. The company then rebranded itself as TeamLease Services Private Limited in 2002. The firm is involved in various sectors, including training, staffing, and other HR services. The company established a partnership with the Government of Gujarat to set up a private university. This collaboration led to the establishment of TeamLease Skills University (TLSU) as a university under the Gujarat Private Universities Act in 2013. In 2016, the company was Listed on BSE and NSE with the IPO oversubscribed 67 times.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 9371 18.3% | 7923 21.8% | 6504 32.3% | 4916 -6.0% | 5232 17.2% | 4466 22.7% | 3640 18.8% | 3063 21.5% | 2520 24.9% | 2018 31.3% | 1538 21.8% | 1262 35.1% | 934 33.8% | 698 20.4% | 580 - |
| Net Operating Income (INR Cr) | 9322 18.44% | 7870 21.45% | 6480 32.74% | 4881 -6.14% | 5201 16.93% | 4448 22.72% | 3624 19.16% | 3041 21.41% | 2505 24.80% | 2007 31.21% | 1530 22.30% | 1251 35.09% | 926 34.80% | 687 0.00% | 580 0.00% |
| Profit (INR Cr) | 112 0.7% | 111 189.7% | 38 -50.4% | 78 121.6% | 35 -64.3% | 98 33.5% | 73 27.6% | 58 132.1% | 25 -19.4% | 31 72.3% | 18 - | -4 - | -17 - | -39 - | 0 - |
| Assets (INR Cr) | 1053 0.6% | 1047 18.5% | 884 14.5% | 771 -0.2% | 773 25.5% | 616 23.8% | 498 22.7% | 406 11.4% | 364 112.2% | 172 23.9% | 138 8.5% | 128 3.0% | 124 256.8% | 35 -26.5% | 47 - |
| Net Worth (INR Cr) | 798 -1.2% | 808 16.5% | 693 6.3% | 652 14.0% | 572 6.1% | 539 22.1% | 442 20.6% | 366 17.6% | 312 109.4% | 149 25.2% | 119 17.7% | 101 -3.5% | 105 378.9% | 22 0.0% | 42 0.0% |
| Employee Cost (INR Cr) | 8980 18.6% | 7570 22.5% | 6181 31.9% | 4687 -5.1% | 4936 17.6% | 4197 20.9% | 3471 18.0% | 2941 20.6% | 2439 25.4% | 1944 31.0% | 1484 22.0% | 1216 34.7% | 903 37.2% | 658 - | 0 - |
| Interest Cost (INR Cr) | 10 | 6 | 4 | 7 | 12 | 5 | 2 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 421 | 248 | 293 | 289 | 97 | 123 | 142 | 160 | 259 | 115 | 85 | 78 | 82 | 18 | 34 |
| Total Debt (INR Cr) | 105 | 100 | 60 | 23 | 124 | 11 | 7 | 1 | 19 | 0 | 1 | 12 | 8 | 3 | 5 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 1.2% | 1.4% | 0.6% | 1.6% | 0.7% | 2.2% | 2.0% | 1.9% | 1.0% | 1.5% | 1.2% | - | - | - | 0.0% |
| Profit As % Of Assets | 10.7% | 10.6% | 4.4% | 10.1% | 4.5% | 15.9% | 14.8% | 14.2% | 6.8% | 17.9% | 12.9% | - | - | - | 0.1% |
| Profit As % Of Networth | 14.1% | 13.8% | 5.5% | 11.9% | 6.1% | 18.2% | 16.6% | 15.7% | 8.0% | 20.7% | 15.0% | - | - | - | 0.1% |
| Interest Cost to EBITDA % | 7.8% | 5.1% | 29.2% | 7.3% | 13.2% | 5.6% | 3.6% | 3.0% | 2.1% | 0.9% | 1.9% | - | - | - | - |
| Debt to Equity Ratio | 0.13 | 0.12 | 0.09 | 0.04 | 0.22 | 0.02 | 0.02 | 0.00 | 0.06 | - | 0.01 | 0.12 | 0.08 | 0.13 | 0.12 |
| RONW | 14.0% | 14.9% | 14.7% | 12.8% | 6.3% | 20.0% | 18.2% | 17.0% | 10.8% | 23.0% | 16.3% | - | - | - | 0.1% |
| ROCE | 12.3% | 12.7% | 14.4% | 12.4% | 13.7% | 18.3% | 16.6% | 13.7% | 14.3% | 21.2% | 13.6% | 0.0% | 0.0% | 0.0% | 0.4% |