ICICI Direct's research report on TeamLease
TeamLease Ltd (TLL) is one of the leading providers of human resource services in the organised segment with ~6% share in flexi staffing. Employment services include temporary staffing solutions, IT staffing, regulatory consultancy for labour law compliance and training & skills • Net debt free and healthy double digit RoCE (>14%) key positives.
We maintain BUY rating on the stock. We value Teamlease at Rs 4240 i.e. 34x P/E on FY24E.
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