EN DE

Teamlease Services Limited (TEAMLEASE) Fair Value & Analysis

Industrials · IN · Market cap ₹24.6B

TS Teamlease Services Limited TEAMLEASE · NSE
Price₹1,240
Fair Value₹1,327
Upside+7.1%
Quality56/100
Watch Teamlease Services Limited for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 1.2% net margin
generates free cash flow
Trails peers (3/10)
Narrow moat 30/100
Evidence: High Range ₹1,023 – ₹1,649 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price −13.2% over the past month.

A solid business, currently priced close to our fair value.

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ₹1,023 (bear) to ₹1,649 (bull), base ₹1,327. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹5,281 ₹1,092 Fair Value ₹1,327 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹1,092 – ₹5,281 · fair‑value band ₹1,023 – ₹1,649 · the ₹1,240 price screens below the ₹1,327 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Teamlease Services Limited (TEAMLEASE) currently trades at ₹1,240, while our model-based Fair Value estimate is ₹1,327, implying the stock looks roughly 7.1% fairly valued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Teamlease Services Limited generated revenue of ₹118B at a net margin of 1.2%. Revenue grew 2.3% year over year. It earns a return on equity of 14.3%. The balance sheet holds a net cash position of ₹1.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1,023 (bear case) to ₹1,649 (bull case); at ₹1,240, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 21% fair-value upside, at 7%, TEAMLEASE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹596.34 ₹770.75 ₹2,284 76
Growth DCF ₹2,869 ₹5,624 ₹10,713 72
Gordon GGM ₹18.93 ₹39.37 ₹62.45 70
All 26 models by family
DCF Models
FCF DCF ₹2,977 ₹5,076 ₹10,759 38
Owner Earnings ₹1,683 ₹3,458 ₹7,060 31
5Y Revenue Exit ₹1,390 ₹2,077 ₹3,146 39
5Y EBITDA Exit ₹1,616 ₹2,577 ₹4,021 41
5Y P/E Exit ₹1,892 ₹3,299 ₹5,026 38
10Y Revenue Exit ₹1,841 ₹2,813 ₹4,009 36
10Y EBITDA Exit ₹2,019 ₹3,222 ₹5,169 37
10Y P/E Exit ₹2,211 ₹3,720 ₹6,111 35
Earnings-Based
Graham-Dodd ₹566.62 ₹3,704 ₹5,183 54
Lynch FV ₹1,078 ₹1,540 ₹2,002 50
PEG = 1.0 ₹1,078 ₹1,540 ₹2,002 46
EPV ₹694.31 ₹780.03 ₹855.02 59
Dividend Discount
Gordon GGM ₹18.93 ₹39.37 ₹62.45 70
DDM Multi-Stage ₹18.93 ₹33.20 ₹41.32 61
Multiples
P/E Multiple ₹1,312 ₹1,750 ₹2,187 63
P/S Multiple ₹1,062 ₹1,417 ₹1,771 58
P/B Multiple ₹1,062 ₹1,417 ₹1,771 55
EV/EBIT ₹945.02 ₹1,200 ₹1,455 53
EV/EBITDA ₹1,093 ₹1,397 ₹1,701 54
EV/Revenue ₹726.03 ₹960.02 ₹1,194 43
Asset-Based
NCAV (Graham) ₹311.17 ₹416.97 ₹622.34 50
Growth DCF
Growth DCF ₹2,869 ₹5,624 ₹10,713 72
Rev-Margin DCF ₹1,390 ₹2,139 ₹3,218 67
Economic Profit
Residual Income ₹596.34 ₹770.75 ₹2,284 76
ROIC Compounder ₹751.51 ₹1,012 ₹1,227 67
Growth Earnings
Growth-Adj P/E ₹1,512 ₹2,160 ₹2,808 68

Widest divergence: DCF Models (₹3,222) versus Dividend Discount (₹33.20). Highest evidence: Residual Income (76).

Notify me when TEAMLEASE reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹118B
Revenue growth (YoY) +2.3%
Net margin 1.2%
Return on equity 14.3%
Free cash flow ₹3.1B FY2026
P/E ratio 371.1
More key figures
Operating margin 1.1%
EPS (TTM) ₹3.34
EPS growth (YoY) +25.6%
Net cash ₹1.9B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 58 · Market factors (momentum, volatility) 39

Profitability 45
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

TeamLease Services Limited engages in human resource services in India and internationally. The company provides temporary and permanent staffing, consulting, IT infrastructure management, offshore development and testing center, information technology, ITES/BPO/call center/KPO/RPO, and medical transcription; IT telecom recruitment, consulting and training, …

Full company description

TeamLease Services Limited engages in human resource services in India and internationally. The company provides temporary and permanent staffing, consulting, IT infrastructure management, offshore development and testing center, information technology, ITES/BPO/call center/KPO/RPO, and medical transcription; IT telecom recruitment, consulting and training, NOC and global NOC, telecom integration and radio frequency, telecom and ISP, marketing/advertising/public relations, and entertainment/ media/journalism; and contractual staffing, payroll support services, HR administrative solutions, banking, financial services, and insurance services. It offers consumer goods and durables/home appliances, consumer products/FMCG, and healthcare/para-medical services; automobile/automotive/ auto components, engineering/procurement and construction, and infrastructure/ utilities; and retail and ecommerce, hospitality, hotels, resorts, restaurants, transportations, agriculture/forestry, dairy/poultry/fishery, and fertilizers/chemicals/paints. In addition, the company provides laptop, desktop, tab, and wi-fi; internet and email software; personal protect equipment, such as gloves, masks, uniforms and shoes, and helmet; desk and cab services; office space, IT/data security, and housekeeping; personal and office sanitization; and BGC and medical check up services. Further, it provides recruitment solutions, including permanent placement and campus hiring; vocational and higher education; online learning and apprenticeships; corporate training; regulatory compliance; HR technology platforms; and infrastructure and asset management services. It serves financial services, consumer, industrial, electronics, telecom, technology, healthcare, agriculture, chemicals, retail, ecommerce, and logistics and transportation industries. TeamLease Services Limited was incorporated in 2000 and is headquartered in Bengaluru, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Teamlease Services Limited reported revenue of ₹118B in FY2026 versus ₹64.8B in FY2022, a compound +16.1%/yr. Reported net income was ₹1.4B in FY2026, compounding +38.1%/yr from FY2022.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹118B
Latest YoY
+5.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.3%
Avg. growth/yr (15Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.9%
Revenue +16.1%/yr
FY22 ₹64.8B
FY23 ₹78.7B
FY24 ₹93.2B
FY25 ₹112B
FY26 ₹118B
Net income +38.1%/yr
FY22 ₹384M
FY23 ₹1.1B
FY24 ₹1.1B
FY25 ₹1.1B
FY26 ₹1.4B
Character of growth · EPS growth decomposed (2015-2026) +12.7 % p.a.
Revenue per share +17.4 pp

of which total revenue +17.5 pp · buybacks/dilution −0.2 pp

EBIT margin +2.5 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −7.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch TEAMLEASE: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Teamlease Services Limited Fair Value". https://www.fairvalue-calculator.com/stock/TEAMLEASE

Peer Group

Staffing & Employment Services · 85 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Below median
Fair Value upside +7% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 3% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 2% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Staffing & Employment Services median · lower = cheaper

P/E (TTM) 371.1× · Pricier than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 43 · sector 44
FUTURE 12 · sector 1
PAST 57 · sector 36
HEALTH 0 · sector 95
DIVIDEND 3 · sector 69

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Adecco Group ADEN CHF 23.14 CHF 24.08 +4%
Korn Ferry, KFY $83.30 $114.56 +38%
Robert Half Inc RHI $41.55 $20.51 -51%
TriNet Group TNET $66.83 $97.07 +45%
ManpowerGroup Inc MAN $56.22 $23.19 -59%
Insperity, Inc NSP $50.39 $17.34 -66%
FESCO Group 600861 ¥13.17 ¥45.46 +245%
Grupa Pracuj S.A GPP 55.50 PLN 65.45 PLN +18%
Barrett Business Services, Inc BBSI $31.39 $38.11 +21%
Maharah for Human Resources Company 1831 5.36 SAR 6.87 SAR +28%

Compare Teamlease Services Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Teamlease Services Limited (TEAMLEASE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,327 versus a price of ₹1,240, about +7% (fairly valued).
What is the fair value of TEAMLEASE?
Our model-based fair value for Teamlease Services Limited is ₹1,327 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,240.
What is the quality score of TEAMLEASE?
Teamlease Services Limited has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Teamlease Services Limited (TEAMLEASE)?
Teamlease Services Limited reported trailing-twelve-month revenue of about ₹118B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TEAMLEASE?
The net profit margin of Teamlease Services Limited is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Teamlease Services Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.