The Discounted Cash Flow (DCF) valuation of TeamLease Services Ltd (TEAMLEASE.NS) is 369.41 INR. With the latest stock price at 1,944.70 INR, the upside of TeamLease Services Ltd based on DCF is -81%.

Is TEAMLEASE.NS a buy or a sell?

Based on the latest price of 1,944.70 INR and our DCF valuation, TeamLease Services Ltd (TEAMLEASE.NS) is a sell. Selling TEAMLEASE.NS stocks now will result in a potential gain of 81%.

	Range	Selected
WACC / Discount Rate	11.5% - 14.9%	13.2%
Long-term Growth Rate	3.0% - 5.0%	4.0%
Fair Price	291.54 - 512.03	369.41
Upside	-85.0% - -73.7%	-81.0%

1,944.70 INR

Stock Price

369.41 INR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

TEAMLEASE.NS DCF Valuation: Revenue & Expenses Forecast

(INR in millions)		Projections

	03-2025	03-2026	03-2027	03-2028	03-2029	03-2030

Revenue	111,559	117,612	131,763	147,749	165,730	184,804
% Growth	20%	5%	12%	12%	12%	12%

Cost of goods sold	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Selling, G&A expenses	(108,789)	(114,692)	(128,492)	(144,081)	(161,615)	(180,215)
% of Revenue	98%	98%	98%	98%	98%	98%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(1,625)	(1,713)	(1,919)	(2,152)	(2,414)	(2,691)
% of Revenue	1%	1%	1%	1%	1%	1%

Tax expense	(40)	(52)	(58)	(65)	(73)	(82)
Tax rate	4%	4%	4%	4%	4%	4%

Net profit	1,105	1,155	1,294	1,451	1,628	1,815
% Margin	1%	1%	1%	1%	1%	1%