TeamLease Services Limited (IN:TEAMLEASE)
:TEAMLEASE
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TeamLease Services Limited
(TEAMLEASE)
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Rating:58Neutral
Price Target:
₹1,292.00
▼(-18.51% Downside)
Action:ReiteratedDate:03/06/26
The score is driven primarily by solid underlying financial performance (revenue growth, stable profitability, manageable leverage), offset by very weak technical momentum (price below key moving averages with negative MACD and deeply depressed RSI/Stoch). Valuation is reasonable on P/E but lacks dividend-yield support due to missing data.
Positive Factors
Revenue Growth Trend
Sustained multi-year revenue growth indicates durable demand for TeamLease’s staffing and HR services. Over 2–6 months this supports scale advantages, reinforces client relationships, and provides a platform to invest in training and service expansion, aiding long-term margin recovery.
Negative Factors
Declining Free Cash Flow
A decline in free cash flow and weaker FCF-to-net-income conversion constrains the company’s ability to self-fund growth, training programs, or working capital needs. Over 2–6 months this raises reliance on external funding and limits flexibility for strategic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Sustained multi-year revenue growth indicates durable demand for TeamLease’s staffing and HR services. Over 2–6 months this supports scale advantages, reinforces client relationships, and provides a platform to invest in training and service expansion, aiding long-term margin recovery.
Read all positive factors
TeamLease Services Limited (TEAMLEASE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.55B
Dividend YieldN/A
Average Volume (3M)756.00
Price to Earnings (P/E)15.6
Beta (1Y)0.72
Revenue Growth9.92%
EPS Growth29.09%
CountryIN
Employees2,117
SectorServices
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)28.30
Shares Outstanding16,768,900
10 Day Avg. Volume609
30 Day Avg. Volume756
Financial Highlights & Ratios
PEG Ratio-10.65
Price to Book (P/B)3.43
Price to Sales (P/S)0.28
P/FCF Ratio42.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)92.54
Revenue Forecast (FY)₹132.91B
TeamLease Services Limited Business Overview & Revenue Model
Company Description
TeamLease Services Limited provides human resource services to various industries in India. The company offers temporary and permanent recruitment, payroll process outsourcing, regulatory compliance, and vocational training/education and assessmen...
How the Company Makes Money
TeamLease primarily makes money by supplying and managing workforce for client companies and charging fees tied to hiring, deployment, and HR administration. Its key revenue streams include: (1) General staffing/contract staffing: the company recr...
TeamLease Services Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 117.03B | 111.56B | 93.22B | 78.70B | 64.80B | 48.81B |
| Gross Profit | 3.31B | 2.77B | 3.21B | 3.00B | 6.78B | 5.18B |
| EBITDA | 1.83B | 1.38B | 1.80B | 1.64B | 903.17M | 1.30B |
| Net Income | 1.17B | 1.09B | 1.12B | 1.11B | 384.28M | 775.01M |
Balance Sheet | ||||||
| Total Assets | 23.13B | 21.45B | 19.37B | 17.68B | 15.40B | 13.11B |
| Cash, Cash Equivalents and Short-Term Investments | 3.84B | 2.41B | 4.32B | 4.39B | 3.43B | 3.50B |
| Total Debt | 1.66B | 1.18B | 1.05B | 1.00B | 598.33M | 228.49M |
| Total Liabilities | 13.39B | 12.22B | 11.26B | 9.47B | 8.35B | 6.55B |
| Stockholders Equity | 9.60B | 9.07B | 7.98B | 8.08B | 6.93B | 6.52B |
Cash Flow | ||||||
| Free Cash Flow | 239.30M | 733.90M | 973.00M | 1.07B | -195.45M | 2.93B |
| Operating Cash Flow | 448.10M | 1.04B | 1.18B | 1.26B | -61.48M | 3.03B |
| Investing Cash Flow | 226.00M | -1.48B | 407.90M | -1.23B | -885.02M | -122.67M |
| Financing Cash Flow | -239.00M | -350.30M | -1.51B | -243.59M | -130.74M | -444.03M |
TeamLease Services Limited Technical Analysis
Neutral
1585.40
Price Trends
1241.55
Negative
1406.32
Negative
1619.85
Negative
Market Momentum
-2.47
Negative
57.03
Neutral
82.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TEAMLEASE, the sentiment is Neutral. The current price of 1585.4 is above the 20-day moving average (MA) of 1181.71, above the 50-day MA of 1241.55, and below the 200-day MA of 1619.85, indicating a neutral trend. The MACD of -2.47 indicates Negative momentum. The RSI at 57.03 is Neutral, neither overbought nor oversold. The STOCH value of 82.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:TEAMLEASE.
TeamLease Services Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹24.36B | 16.41 | ― | 3.06% | 8.34% | 37.59% | |
65 Neutral | ₹19.82B | 18.32 | ― | 0.48% | 7.70% | 23.63% | |
64 Neutral | ₹30.76B | 17.92 | ― | 9.28% | -37.28% | -48.10% | |
58 Neutral | ₹20.55B | 15.64 | ― | ― | 9.92% | 29.09% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
55 Neutral | ₹30.36B | 13.93 | ― | 4.70% | -26.89% | -83.40% |
* Services Sector Average
IN:TEAMLEASE
TeamLease Services Limited
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-34.45%
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TeamLease Services Limited Corporate Events
TeamLease shareholders clear major board and leadership reshuffle
Mar 20, 2026
TeamLease Services Limited has secured shareholder approval via postal ballot for a series of board-level changes, following a remote e-voting process conducted between February 18 and March 19, 2026. The resolutions, passed with the requisite maj...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.