FM Cce2
FM Cce2
FM Cce2
Teamlease 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 with a
vision of putting India to work. They deliver a broad range of human resource services to
various industries and diverse functional roles across India to meet the needs of small and
large business clients as well as those of qualified job seekers or “Associate Employees”.
Their services span the entire supply chain of human resources in India, covering aspects
of employment, employability and education and employment services include temporary
staffing solutions, permanent recruitment services and regulatory consultancy for labor
law compliance; their employability offerings include different types of learning and
training solutions, including retail learning solutions, institutional learning solutions and
enterprise learning solutions.
Their have provided services under their core TeamLease brand for over 15 years that has
resulted in providing temporary staffing to the functional areas across industries. They
provide retail training services under the IIJT brand. Their experience and expertise allow
them to accurately assess candidates’ workplace potential and technical skills to match
them to the needs of their clients. They operate through nine branch offices in India, in
Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune.
Financial Statements:
Other comprehensive (loss)/income, net of tax 0.23 0.29 1.48 -0.13 1.27
Attributable to:
Owners of the parent company 0.29 1.47 -0.04 1.21
Non-controlling interest 0.00 0.01 -0.09 0.06
Total comprehensive income for the year, net of
tax 98.26 35.26 79.95 39.33 109.19
Attributable to:
Owners of the parent company 35.26 78.97 38.39 112.55
Non-controlling interest 0.00 0.98 0.94 0.27
Earnings per equity share:
Basic and diluted (amount in RS) 0.57 0.20 0.45 0.22 65.12
3,169.9 1,730.0 4,300.0
market share price 0 0 3,892.00 0 2,225.35
Balance sheet
ASSETS
Non-current assets
Property, plant and equipment 4
9.31 13.42 11.68 11.38 10.78
Right of use assets 5
- 40.10 20.10 28.76 77.02
Goodwill on consolidation (Net) 6
125.68 164.83 177.38 173.27 173.27
Other intangible assets 6
16.76 46.29 45.73 48.77 42.26
Intangible assets under development 7
6.01 11.42 15.09 17.83 16.91
Financial assets
(i) Investments 8
25.40 25.31 9.05 3.00 3.00
(ii) Others 11
118.70 127.03 91.64 111.17 113.20
Deferred tax assets (net) 12
65.31 14.42 4.96 2.59 6.75
Income tax assets (net) 14
161.43 244.32 99.99 154.54 223.81
Other non-current assets 15
2.25 0.70 0.59 0.52 2.75
Total non-current assets
530.85 687.86 476.20 551.82 669.75
Current assets
Financial assets
(i) Investments 9
16.01 - 60.94 50.35 190.88
(ii) (a) Trade receivables 16
264.35 295.94 277.69 369.65 380.27
(ii) (b) Unbilled revenue 10
- 97.93 129.64 170.71 155.87
(iii) Cash and cash equivalents 17
60.76 64.24 259.12 176.55 149.45
(iv) Bank balances other than cash
and cash equivalents 17 62.28 32.76 29.57 116.46 98.50
(v) Others 11
133.68 55.29 52.78 67.94 89.06
Income tax assets (net) 14
- - - 0.32 -
Other current assets 18
19.39 19.01 19.69 36.62 34.01
Assets classified as held for sale 48
2.22 2.22 5.18 - -
Total current assets
558.69 567.39 834.59 988.58 1,098.04
Total assets
1,089.54 1,255.26 1,310.79 1,540.41 1,767.79
EQUITY AND LIABILITIES
EQUITY
Equity share capital 19
17.10 17.10 17.10 17.10 17.10
Other equity
(i) Owners of the parent company 20
522.02 554.99 634.93 676.11 790.53
(ii) Non-controlling interest 20
- - 4.00 12.59 12.86
Reserves & Surplus
- - - - -
Total equity
539.12 572.09 656.03 705.80 820.49
LIABILITIES
Non-current liabilities
Financial liabilities
(i) Lease liabilities 25
- 32.22 14.48 21.78 60.54
(ii) Other financial liabilities 26
5.21 - - 1.85 5.93
Deferred tax liabilities (net) 13
- - - 2.85 3.79
Employee defined benefit liabilities 21
56.63 72.74 88.25 111.82 116.22
Other non-current liabilities 22
4.22 4.22 4.22 4.22 4.23
Total non-current liabilities
66.06 109.18 106.96 142.53 190.71
Current liabilities
Financial liabilities
(i) Borrowings 23
10.63 76.23 0.01 27.67 19.34
(ii) Lease liabilities 25
- 15.22 8.35 10.38 20.24
(iii) Trade payables 24
-
(a) Total outstanding dues of
micro enterprises and small enterprises 0.91 5.46 5.18 2.65 0.94
(b) Total outstanding dues
other than micro enterprises and small
enterprises 27.08 32.36 23.60 39.27 43.85
(iv) Other financial
liabilities 26
212.73 195.78 239.93 302.41 330.11
Employee defined benefit
liabilities 21 39.06 48.55 51.58 63.38 74.08
Other current liabilities 27
193.80 200.22 218.43 246.31 268.04
Liabilities associated with assets
classified as held for sale 48 0.16 0.16 0.72 - -
Total current liabilities
484.37 573.98 547.81 692.08 756.60
Total Liabilities
550.43 683.17 654.76 834.61 947.31
Total equity and liabilities
1,089.54 1,255.26 1,310.79 1,540.41 1,767.80
Summary of significant accounting
policies 3
2022-
ASSETS
2018-19 2019-20 2020-2021 2021-22 2023
Non-current assets
Property, plant and equipment 4
9.31 13.42 11.68 11.38 10.78
Right of use assets 5
- 40.10 20.10 28.76 77.02
Goodwill on consolidation (Net) 6
125.68 164.83 177.38 173.27 173.27
Other intangible assets 6
16.76 46.29 45.73 48.77 42.26
Liquidity ratios
Current ratio (x) 2.25 2.19 2.39 2.23 2.34
Quick ratio (x) 2.25 2.19 2.39 2.23 2.34
Cash ratio (x) 0.13 0.11 0.47 0.26 0.20
Turnover ratio
receivable turnover 16.82 17.57 17.58 17.53 20.70
Days of Sales outstanding 21.69 20.77 20.76 20.82 17.64
Asset turnover 2.90 2.89 2.52 2.95 3.10
Working capital turnover 1.02 0.83 1.27 1.18 1.16
Fixed asset turnover 369.77 287.62 265.36 376.28 477.85
Interpretation: