CHAPTER: 1

INDUSTRY PROFILE
TeamLease Services is India’s leading staffing company and provides a range of
Temporary and Permanent manpower solutions to over 1000 clients The
Temporary staffing group establishes a co-employment relationship with clients
and takes responsibility for all compliance, HR and administrative of employees on
assignment. The Permanent staffing group undertakes turnkey and recruitment
mandates for permanent fulfillment. We view ourselves as a liquidity provider that
enables better matching of demand and supply in labor markets.

Overview of the Industry

The Соmраny wаs оriginаlly inсоrроrаted аs а рrivаte limited соmраny under the
Соmраnies Асt, 1956 оn Februаry 02, 2000 with Registrаr оf Соmраnies, Mumbаi,
Mаhаrаshtrа, Indiа under the nаme Indiа Life Сhаkrаvаrti Асtuаriаl Serviсes Рrivаte
Limited. The nаme оf the Соmраny wаs сhаnged tо Teаm Leаse Serviсes Рrivаte
Limited аnd а fresh сertifiсаte оf inсоrроrаtiоn соnsequent uроn сhаnge оf nаme wаs
issued оn Jаnuаry 24, 2002. the Соmраny wаs соnverted intо а рubliс limited соmраny
аnd the nаme оf the Соmраny wаs сhаnged tо Teаm Leаse Serviсes Limited аnd а fresh
сertifiсаte оf inсоrроrаtiоn wаs issued оn Mаy 15, 2015. Further, the nаme оf the
Соmраny wаs сhаnged tо TeаmLeаse Serviсes Limited аnd а fresh сertifiсаte оf
inсоrроrаtiоn wаs issued оn July 24, 2015. The сhаnges in the nаme оf the Соmраny
were mаde tо аlign оurselves with the brаnd nаme ‘TeаmLeаse’ аnd leverаge the vаlue
оf the brаnd.

Nature of the Teamlease service ltd

TeаmLeаse Serviсes Limited рrоvides stаffing аnd humаn resоurсe serviсes. The
Соmраny оffers temроrаry stаffing, рermаnent reсruitment, раyrоll рrосess оutsоurсing,
regulаtоry соmрliаnсes, аssessment, аnd соrроrаte trаining serviсes. TeаmLeаse Serviсes
соnduсts its business in Indiа.
 Growth Potential of TeamLease service ltd

Competitors
Company Name Revenue

 Futurz Staffing Solutions Pvt. 2,046. $391 Million.

 Randstad India. 505. $94 Million.
 Adecco Group. 34,662. $27 Billion.
 Nesco Resource. 1,800. $450 Million.
 Alp Consulting. 35,010. $1 Billion.
 GlobalHunt. 879. $434 Million.
 2COMS Consulting Pvt. 2,713. $514 Million.
 TASC Outsourcing. 2,403. $67 Million.
Market share

NSE

BSE

COMPANY PROFILE
 2002-2005
 2002:The company started operations beginning from four offices with 20 clients and 40 employees
 

 2005:Strengthened the technology infrastructure with centralizing the operations in head office at Bengaluru
 

 2005:Published our first labour report

TeamLease Services Ltd is one in all Asian country's leading suppliers of human resource
services with a vision of putt India to Work. The services span the complete folks offer chain of
human resources, covering Employment, Employability and

Education Company's Employment services embody staffing solutions, accomplishment services

and compliance services, Is

Employability offerings embody differing types of learning and coaching solutions for retail,
institutional and enterprise

Customers. Company has over 179,000 employees/trainees with over a pair of,000 purchasers
across half-dozen,500 locations in Asian country

Background and inception of the company

The Company was originally incorporated as a private limited company under the Companies
Act, 1956 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 and a fresh certificate of
incorporation consequent upon change of name was issued on January 24, 2002. the Company
was converted into a public limited company and the name of the Company was changed to
Team Lease Services Limited and a fresh certificate of incorporation was issued on May 15,
2015. Further, the name of the Company was changed to TeamLease Services Limited and a
fresh certificate of incorporation was issued on July 24, 2015. The changes in the name of the
Company were made to align ourselves with the brand name  TeamLease  and leverage the
value of the brand.

Promoters information
Shareholding Pattern - TeamLease Services Ltd.
Holder's Name No of Shares % Share Holding

No of Shares 17096769 100%

Promoters 1499707 8.77%
Foreign Institutions 6325719 37%
N Banks Mutual Funds 1918362 11.22%
Others 1030763 6.03%
General Public 898488 5.26%
Financial Institutions 1090247 6.38%
Foreign Promoter 4315328 25.24%
GDR 18155 0.11%

Vision
Team Lease’s long term philosophy and goals are best reflected in our Vision Statement "Putting
India to Work".

Mission

to create employability and a labour -friendly ecosystem in India. To sustain the current pace of
economic growth, the most important resource that India needs is people or Human Resource.

Chapter 2
CHAPTER:3
Company SWOT Analysis:
STRENGTH
 High Piotroski Score - Companies with strong financials

Expensive Stars (DVM)

 Consistent Highest Return Stocks over Five Years - Nifty500

 Rising Net Cash Flow and Cash from Operating activity

 Company with high TTM EPS Growth

 Strong Annual EPS Growth

 New 52 Week High

 Growth in Net Profit with increasing Profit Margin (QoQ)

 Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

 Company with No Debt

WEAKNESS
Big Deal (Insider and SAST) sells last month greater than 1% of total shares

Inefficient use of capital to generate profits - RoCE declining in the last 2 years
High promoter stock pledges

OPPORTUNITIES

Companies with 10% increase in share price over three months, with rising net profit growth

Brokers upgraded recommendation or target price in the past three months

Positive Breakout Second Resistance ( LTP > R2)

30 Day SMA crossing over 200 Day SMA, and current price greater than open

High Momentum Scores (Technical Scores greater than 50)

Highest Recovery from 52 Week Low

RSI indicating price strength

Volume Shockers

THREATS

Stocks with Expensive Valuations according to the Trendlyne Valuation Score

Stocks with high PE (PE > 40)

Insiders sold stocks

OTHERS

High DVM Mid and Small Caps (subscription)

Stocks gaining versus previous close, open price and RSI

Average Bullish Trend - Stocks with Medium Trendlyne Momentum Score versus Benchmarks

Highest FII stock holdings

Top Gainers

High Volume, High Gain

New 52 Week High

CHAPTER:4
Financial Statement with Ratio Analysis/KPI(Key Performance
Indicators).

BALANCE SHEET OF TEAMLEASE MAR MAR MAR

SERVICES (in Rs. Cr.) 21 20 19
  12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 17.10 17.10 17.10

TOTAL SHARE CAPITAL 17.10 17.10 17.10

Reserves and Surplus 637.29 551.70 511.83

TOTAL RESERVES AND SURPLUS 637.29 551.70 511.83

TOTAL SHAREHOLDERS FUNDS 654.39 568.80 528.93

NON-CURRENT LIABILITIES

Long Term Borrowings 0.00 0.00 0.00

Deferred Tax Liabilities [Net] 0.00 0.00 0.00

Other Long Term Liabilities 104.13 104.84 64.76

Long Term Provisions 0.00 0.00 0.00

TOTAL NON-CURRENT 104.13 104.84 64.76

LIABILITIES

CURRENT LIABILITIES

Short Term Borrowings 0.01 64.87 0.01

Trade Payables 23.07 30.77 22.83

Other Current Liabilities 477.88 411.33 412.92

Short Term Provisions 0.00 0.00 0.00

TOTAL CURRENT LIABILITIES 500.97 506.97 435.76

TOTAL CAPITAL AND 1,259.4 1,180.6 1,029.4

LIABILITIES 9 0 4
ASSETS

NON-CURRENT ASSETS

Tangible Assets 26.77 46.56 6.51

Intangible Assets 1.22 0.30 0.54

Capital Work-In-Progress 0.00 0.00 0.00

Other Assets 0.00 0.00 0.00

FIXED ASSETS 42.40 58.28 10.10

Non-Current Investments 313.88 286.94 194.09

Deferred Tax Assets [Net] 7.95 13.90 64.29

Long Term Loans And Advances 26.21 95.80 91.20

Other Non-Current Assets 165.44 266.00 184.74

TOTAL NON-CURRENT ASSETS 555.89 720.92 544.41

CURRENT ASSETS

Current Investments 60.12 0.00 16.01

Inventories 0.00 0.00 0.00

Trade Receivables 215.94 239.76 242.14

Cash And Cash Equivalents 264.03 90.27 110.66

Short Term Loans And Advances 2.21 5.21 0.63

OtherCurrentAssets 161.29 124.44 115.59

TOTAL CURRENT ASSETS 703.60 459.68 485.03

TOTAL ASSETS 1,259.4 1,180.6 1,029.4

9 0 4

OTHER ADDITIONAL
INFORMATION

CONTINGENT LIABILITIES,
COMMITMENTS

Contingent Liabilities 92.42 96.34 78.96

CIF VALUE OF IMPORTS

Raw Materials 0.00 0.00 0.00

Stores, Spares And Loose Tools 0.00 0.00 0.00

Trade/Other Goods 0.00 0.00 0.00

Capital Goods 0.00 0.00 0.00

EXPENDITURE IN FOREIGN
EXCHANGE

Expenditure In Foreign Currency 0.24 0.02 1.25

REMITTANCES IN FOREIGN
CURRENCIES FOR DIVIDENDS

Dividend Remittance In Foreign -- -- --

Currency

EARNINGS IN FOREIGN
EXCHANGE

FOB Value Of Goods -- -- --

Other Earnings -- 5.24 1.18

BONUS DETAILS

Bonus Equity Share Capital 14.82 14.82 14.82

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market -- -- --

Value
Non-Current Investments Unquoted 313.88 286.94 194.09
Book Value

CURRENT INVESTMENTS

Current Investments Quoted Market -- -- --

Value

Current Investments Unquoted Book -- -- 16.01

Value

Profit and loss account

PROFIT & LOSS ACCOUNT OF MAR MAR MAR  

TEAMLEASE SERVICES (in Rs. Cr.) 21 20 19

  12 mths 12 mths 12 mths  

INCOME  

REVENUE FROM OPERATIONS 4,465.9 4,783.3 4,132.4  

[GROSS] 4 8 7

Less: Excise/Sevice Tax/Other Levies 0.00 0.00 0.00  

REVENUE FROM OPERATIONS 4,465.9 4,783.3 4,132.4  

[NET] 4 8 7

TOTAL OPERATING REVENUES 4,465.9 4,783.3 4,132.4  

4 8 7

Other Income 48.19 43.65 29.46  

TOTAL REVENUE 4,514.1 4,827.0 4,161.9  

3 3 3

EXPENSES  

Cost Of Materials Consumed 0.00 0.00 0.00  

Operating And Direct Expenses 0.00 0.00 0.00  

Changes In Inventories Of FG,WIP And 0.00 0.00 0.00  

Stock-In Trade

Employee Benefit Expenses 4,327.3 4,580.1 3,937.3  

2 9 6

Finance Costs 5.78 8.69 2.07  

Depreciation And Amortisation Expenses 15.12 14.73 3.04  

Other Expenses 74.57 128.40 122.10  

TOTAL EXPENSES 4,422.7 4,732.0 4,064.5  

8 1 6

PROFIT/LOSS BEFORE 91.35 95.02 97.37  

EXCEPTIONAL, EXTRAORDINARY
ITEMS AND TAX

Exceptional Items 0.00 0.00 0.00  

PROFIT/LOSS BEFORE TAX 91.35 95.02 97.37  

TAX EXPENSES-CONTINUED  
OPERATIONS

Current Tax 0.16 0.00 21.86  

Less: MAT Credit Entitlement 0.00 0.00 0.00  

Deferred Tax 5.77 52.79 -22.79  

Tax For Earlier Years 1.35 0.65 1.28  

TOTAL TAX EXPENSES 7.28 53.43 0.35  

PROFIT/LOSS AFTER TAX AND 84.07 41.58 97.02  

BEFORE EXTRAORDINARY ITEMS

PROFIT/LOSS FROM CONTINUING 84.07 41.58 97.02  

OPERATIONS
PROFIT/LOSS FOR THE PERIOD 84.07 41.58 97.02  

OTHER ADDITIONAL  
INFORMATION

EARNINGS PER SHARE  

Basic EPS (Rs.) 49.17 24.32 56.75  

Diluted EPS (Rs.) 49.17 24.32 56.75  

VALUE OF IMPORTED AND  

INDIGENIOUS RAW MATERIALS
STORES, SPARES AND LOOSE
TOOLS

Imported Raw Materials 0.00 0.00 0.00  

Indigenous Raw Materials 0.00 0.00 0.00  

STORES, SPARES AND LOOSE  

TOOLS

Imported Stores And Spares 0.00 0.00 0.00  

Indigenous Stores And Spares 0.00 0.00 0.00  

DIVIDEND AND DIVIDEND  

PERCENTAGE

Equity Share Dividend 0.00 0.00 0.00  

Tax On Dividend 0.00 0.00 0.00  

Equity Dividend Rate (%) 0.00 0.00 0.00

RATIO ANALYSIS

KEY FINANCIAL RATIOS OF MAR MAR MAR

TEAMLEASE SERVICES (in Rs. Cr.) 21 20 19

PER SHARE RATIOS

Basic EPS (Rs.) 49.17 24.32 56.75

Diluted EPS (Rs.) 49.17 24.32 56.75

Cash EPS (Rs.) 58.02 32.94 58.52

Book Value [ExclRevalReserve]/Share 382.75 332.69 309.37

(Rs.)

Book Value [InclRevalReserve]/Share 382.75 332.69 309.37

(Rs.)

Dividend / Share(Rs.) 0.00 0.00 0.00

Revenue from Operations/Share (Rs.) 2,612.1 2,797.8 2,417.1

5 2 0

PBDIT/Share (Rs.) 65.65 69.27 59.94

PBIT/Share (Rs.) 56.81 60.66 58.16

PBT/Share (Rs.) 53.43 55.58 56.95

Net Profit/Share (Rs.) 49.17 24.32 56.75

PROFITABILITY RATIOS

PBDIT Margin (%) 2.51 2.47 2.47

PBIT Margin (%) 2.17 2.16 2.40

PBT Margin (%) 2.04 1.98 2.35

Net Profit Margin (%) 1.88 0.86 2.34

Return on Networth / Equity (%) 12.84 7.31 18.34

Return on Capital Employed (%) 12.80 15.39 16.74

Return on Assets (%) 6.67 3.52 9.42

Total Debt/Equity (X) 0.00 0.11 0.00

Asset Turnover Ratio (%) 354.58 405.16 401.42

LIQUIDITY RATIOS

Current Ratio (X) 1.40 0.91 1.11

Quick Ratio (X) 1.40 0.91 1.11

Inventory Turnover Ratio (X) 0.00 0.00 0.00

Dividend Payout Ratio (NP) (%) 0.00 0.00 0.00

Dividend Payout Ratio (CP) (%) 0.00 0.00 0.00

Earnings Retention Ratio (%) 0.00 0.00 0.00

Cash Earnings Retention Ratio (%) 0.00 0.00 0.00

VALUATION RATIOS

Enterprise Value (Cr.) 6,170.1 2,584.4 5,021.9

1 2 0

EV/Net Operating Revenue (X) 1.38 0.54 1.22

EV/EBITDA (X) 54.97 21.82 49.01

MarketCap/Net Operating Revenue (X) 1.44 0.55 1.24

Retention Ratios (%) 0.00 0.00 0.00

Price/BV (X) 9.83 4.59 9.70

Price/Net Operating Revenue 1.44 0.55 1.24

Earnings Yield 0.01 0.02 0.02