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Team Lease Services Ltd Performance

Today's Low
3,250.00
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Today's High
3,339.00
52 Wk Low
2,007.25
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52 Wk High
3,526.15


Open

3339

Traded Value (Cr)

4.46 Cr

Prev. Close

3339

VWAP

3283.09

Volume

21,019

Face Value

10

Team Lease Services Ltd Fundamentals

Market Cap
₹ 5,348 Cr
P/E Ratio (TTM)
49.84
P/B Ratio
7.21
Debt to Equity
0.14
ROE
14.37 %
EPS (TTM)
63.99
Dividend Yield
0.00%
Book Value
442.37

Click here to know more about Fundamentals

Team Lease Services Ltd Financials

Team Lease Services Ltd Financials

Team Lease Services Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Mutual Funds 31.90 % 33.09 % 27.91 % 24.92 %
Promoters 31.61 % 31.61 % 31.61 % 31.61 %
FII 27.01 % 26.26 % 30.46 % 32.87 %
Retail 5.62 % 4.92 % 5.43 % 5.53 %
Others 3.86 % 4.12 % 4.60 % 5.07 %

Mutual Funds

31.90%

Promoters

31.61%

FII

27.01%

Retail

5.62%

Others

3.86%

Mutual Funds

33.09%

Promoters

31.61%

FII

26.26%

Retail

4.92%

Others

4.12%

Mutual Funds

27.91%

Promoters

31.61%

FII

30.46%

Retail

5.43%

Others

4.60%

Mutual Funds

24.92%

Promoters

31.61%

FII

32.87%

Retail

5.53%

Others

5.07%

Resistance and Support

₹2,823.42

PIVOT

resistance-arrow
Resistance
First Resistance₹2,887.633
Second Resistance₹2,927.167
Third Resistance₹2,991.383
support-arrow
Support
First Resistance₹2,783.883
Second Resistance₹2,719.667
Third Resistance₹2,680.133
RSI75.317
MACD252.879
ADX40.067
CCI90.881

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day21,0196,80850.19
Week68,18138,53264.21
1 Month52,21134,83758.77
6 Months21,0199,52145.30

About Team Lease Services Ltd

TeamLease Services Limited is one of India's leading providers of human resource services in the organized segment, delivering a broad range of human resource services to various industries. The company's services span the entire supply chain of human resources in India, covering 3 E's - Employment, Employability and Education. The Company provides a gamut of HR services that include Staffing Services, Temporary Recruitment, Permanent Recruitment, Payroll Process Outsourcing, Regulatory Compliance Services, Vocational Training / Education and Assessments. TeamLease Services Limited was originally incorporated as a Private Limited Company on February 02, 2000 with Registrar of Companies, Mumbai, Maharashtra, India under the name India Life Chakravarti Actuarial Services Private Limited. The name of the Company was changed to Team Lease Services Private Limited on January 24, 2002. The Company got converted into a Public Limited and name of the Company was changed to Team Lease Services Limited through a fresh Certificate of Incorporation issued on May 15, 2015. Further, the name of Company was changed to TeamLease Services Limited and a fresh certificate of incorporation was issued on July 24, 2015. In 2010, the company acquired IIJT. In 2011, the company entered into a memorandum of understanding with the Government of Gujarat to establish a private university and also co-founded Indian Staffing Federation' to professionalise the Indian staffing industry. The company also entered into a memorandum of understanding with the Government of Gujarat to establish a private university and in 2013 TLSU was established as a university under the Gujarat Private Universities Act. In 2014, the company established public private partnership project for apprenticeship (NETAP). During the year ended 31 March 2016, TeamLease Skills University (TLSU), a Public-Private Partnership, with the Government of Gujarat, commenced operations and was among the few Universities selected by the United Kingdom Education Research Initiative (UKERI). In terms of the said initiative, the University has received grants that are to be utilized for faculty development. TeamLease Education Foundation is the sponsor of TLSU.During the year under review, the company's headcount crossed 110,000 including both core employees and associate employees. The company's total client base increased from 1,200+ in FY2015 to 1,400+ in FY2016 spreading across all industries and verticals. The company's apprenticeship program, launched through TeamLease Education Foundation (TLEF), crossed 16,000 apprentice enrolments during FY2016 of which about 4,000 trainees have been certified during the year. During the financial year ended 31 March 2017, TeamLease Services incorporated a wholly owned subsidiary company, TeamLease Staffing Services Private Limited, for the purpose of entering into IT staffing business. During the year under review, TeamLease Services' wholly owned subsidiary, TeamLease Staffing Services Private acquired 3 IT staffing companies viz. Asap Info Systems Private Limited, Nichepro Technologies Private Limited and Keystone Business Solutions Private Limited. Consequent to the acquisitions of these three entities the base platform of the company's staffing business has extended its arms to IT staffing business. The Company has 5 direct and indirect subsidiaries and 2 Associate Companies as on March 31, 2018. In FY 2018, the company made investments in Cassius Technologies Private Limited and School Guru Eduserve Private Limited. During the year, the Company acquired Evolve Technologies & Services Private Limited (Evolve), IT and telecommunication staffing Company. The Company was acquired as a step-down subsidiary of its Company through TeamLease Digital Private Limited TDPL w.e.f. November 01, 2017. ASAP Info Systems Private Limited (ASAP) and Nichepro Technologies Private Limited, wholly owned subsidiaries of TDPL has been merged into TDPL vide approval of NCLT Chennai dated November 30, 2017 and NCLT Mumbai dated November 16, 2017. Subsequent to the merger, the name of TeamLease Staffing Services Private Limited was changed to TeamLease Digital Private Limited w.e.f. March 08, 2018. The members of the Company have approved the shifting of the Registered Office of the Company from the State of Maharashtra to the State of Karnataka i.e., from Office No. 6, 3rd Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051 to 6th Floor, BMTC Commercial Complex, 80 Ft Road, Koramangala, Bangalore - 560095. The Company received order from Regional Director, Western Region on October 25, 2018 and filed the same respective authority as on October 27, 2018. In FY 2018, the Company had made an investment of 30% stake in Cassius or Fresherworld on June 01, 2017. The Company has further acquired additional 21% stake and pursuant to such an investment, Cassius or Fresherworld became subsidiary company w.e.f. August 01, 2018. It acquired 33.33% stake in its subsidiary, Avantis - RegTech in FY 2018. The Company has Six direct and indirect subsidiaries, One Joint Venture, One Associate Company and One Public-Private Partnership as on March 31, 2019. During the year 2019, the Company had through its subsidiary, TDPL, acquired the IT Staffing vertical, of E Centric Solutions Private Limited, by way of business transfer/ slump sale arrangement. It acquired IT Staffing vertical of Ecentric, Hyderabad-based HR Services company in April and IMSI (IT Infra) in November 2019. The Company has seven direct and indirect subsidiaries, one Joint Venture, one Associate Company and one Public-Private Partnership as on March 31, 2020. In FY 2020, It increased equity stake to 100% in FW.com, a TeamLease Digital Company. It acquired further 36.17% stake in Subsidiary companies, Edtech in September and 4.89% equity stake in Avantis in October. The Company has eight direct and indirect subsidiaries, one Joint Venture and one Public-Private Partnership as on March 31, 2021. As on March 31, 2021, Company held 93.94% Stake in IMSI. During the year 2021, the Company acquired additional balance equity stake of 24% in E-Hire at an agreed consideration of Rs. 572 lakhs. During the year 2021, Company acquired additional equity stake of 37.14% in TeamLease Edtech Limited (TLEL), thereby increasing total stake to 78.43% in TLEL. The Company has seven direct and indirect subsidiaries and one Public-Private Partnership as on March 31, 2022. During the year 2022, Evolve Technologies & Services Private Limited (Evolve/Transferor), a step down Wholly Owned Subsidiary of TeamLease was amalgamated into TeamLease Digital Private Limited (TDPL/Transferee), Wholly Owned Subsidiary of the Company vide NCLT Order dated November 24, 2021. Additionally, Company through a Share Purchase Agreement sold its entire shareholding in IIJT Education Private Limited, effective on December 03, 2021. With this sale, IIJT Education Private Limited ceased to be a wholly owned subsidiary of the Company and/or a Group Company of TeamLease Group. As on March 31, 2022, Company held 100% Stake in IMSI, an IT Infra staffing company. In FY 2022-23, a new solution, Contractor Compliance', was launched. It launched an annual programme to enhance the holistic well-being of our people by focusing on four key elements: nutrition, physical activity, mental health, and financial wellness.

Managing Director

Ashok Kumar Nedurumalli

Founded

2000

NSE Symbol

TEAMLEASE

Team Lease Services Ltd Management

NameDesignation
Narayan RamachandranChairman & Independent Directo
Ashok Kumar NedurumalliED / MD / Promoter
Manish SabharwalVice Chairman & Whole Time Dir
RITUPARNA CHAKRABORTYNon Executive Director
Latika PradhanIndependent Director
V RaghunathanIndependent Director
Zarir BatliwalaLead Independent Non Executive
MEKIN MAHESHWARIIndependent Director
Meenakshi NevatiaIndependent Director
Subramaniam SomasundaramIndependent Director
Alaka ChandaCompany Sec. & Compli. Officer

Team Lease Services Ltd News

Team Lease Services announces change in senior management of subsidiary
Team Lease Services consolidated net profit rises 7.04% in the December 2023 quarter
Sales rise 21.76% to Rs 2445.36 crore
Team Lease Services schedules board meeting
On 30 January 2024
Team Lease Services Ltd leads gainers in 'A' group
HFCL Ltd, Rajesh Exports Ltd, Bajaj Hindusthan Sugar Ltd and JK Tyre & Industries Ltd are among the other gainers in the BSE's 'A' group today, 18 December 2023.
Team Lease Services consolidated net profit declines 14.57% in the September 2023 quarter
Sales rise 16.24% to Rs 2272.60 crore
Team Lease Services appoints CEO
Team Lease Services to announce Quarterly Result
On 8 November 2023
Volumes spurt at Team Lease Services Ltd counter
Team Lease Services Ltd notched up volume of 98266 shares by 10:45 IST on BSE, a 22.86 fold spurt over two-week average daily volume of 4299 shares
Team Lease Services consolidated net profit declines 0.49% in the June 2023 quarter
Sales rise 15.55% to Rs 2171.60 crore
Team Lease Services schedules board meeting
On 26 July 2023

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Team Lease Services Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Team Lease Services Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Team Lease Services Ltd's share price is ₹3,286.55 as of April 19, 2024

Team Lease Services Ltd's P/E ratio is 49.84 times as of April 19, 2024.

Team Lease Services Ltd's most recent financial reports indicate a price-to-book ratio of 7.21, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Team Lease Services Ltd's market is 5,349 Cr as on April 19, 2024.

The current financial records of Team Lease Services Ltd show a 14.37% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Team Lease Services Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Team Lease Services Ltd's 52-week high and low as of April 19, 2024 are ₹3339 and ₹3250 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Team Lease Services Ltd stands at 31.61%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 26.26% to 27.01%.