Author: Prashant Marathe
Date Published: May 21, 2025

🧾 At a Glance

• Total Income (Q4): ₹2,604.62 Cr
• Net Profit (Q4): ₹20.94 Cr
• EPS (Q4): ₹12.49
• CMP: ₹1,999
• EduFair Value: ₹1,850 – ₹2,050
  👉 Verdict: Solid placement, but no crazy bonus upside.

💼 About the Company

TeamLease Services Ltd is India’s top staffing and HR solutions company:

• 🧾 Contract staffing for enterprises
• 🧑‍🏫 Vocational education + skilling
• 📉 Payroll management & compliance

Basically: India’s Manpower meets Naukri, without the market hype.

📊 FY25 Quarterly Summary

Total FY25 EPS = ₹57.31
Margins are thin (~1%), but that’s expected in staffing.

🧠 EduInvesting Take

“TeamLease is the kind of stock that gets you steady results — but never shows up at the office party.”

✅ Consistent earnings
✅ Low capex, high scalability
✅ Strong HR/IP compliance brand
❌ Margins always thin
❌ No explosive rerating unless business model shifts

Still, it’s the perfect compounding fit for slow, SIP-style portfolios.

🧮 EduFair Value Estimate

• FY25 EPS = ₹57.31
• Sector P/E = 32–35 (HR tech/staffing)
  ✅ EduFair Value = ₹1,850 – ₹2,050

CMP = ₹1,999 → Fairly priced, with minor upside

You’re paying a clean 35x — and rightly so.

⚠️ Risks

• 💼 Overexposure to temp staffing = margin cap
• 🔄 Tech automation may eat traditional payroll biz
• 🧾 No pricing power
• 💤 No hype = no rerating unless Q-o-Q surprises

💸 CMP vs Fair Value

🏁 EduFinal Word

TeamLease is:

• Efficient ✅
• Profitable ✅
• Low-volatility ✅
• Mid-return ❗

Edu Verdict:
Buy if you want peace of mind, not adrenaline.
Best held in SIPs, not DMs.