Elpro International Ltd
Elpro International Limited is engaged in manufacturing surge arresters, construction and development of real estate properties, equity investment in third parties and windmill operations. [1]
- Market Cap ₹ 3,023 Cr.
- Current Price ₹ 178
- High / Low ₹ 179 / 71.2
- Stock P/E 90.9
- Book Value ₹ 124
- Dividend Yield 0.39 %
- ROCE 4.08 %
- ROE 1.64 %
- Face Value ₹ 1.00
Pros
Cons
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 2.23% over last 3 years.
- Promoters have pledged 77.3% of their holding.
- Earnings include an other income of Rs.86.4 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 37 | 45 | 53 | 61 | 41 | 110 | 63 | 72 | 97 | 112 | 209 | 169 | |
| 21 | 30 | 28 | 23 | 36 | 78 | 33 | 38 | 64 | 68 | 165 | 121 | |
| Operating Profit | 16 | 15 | 25 | 38 | 6 | 32 | 30 | 35 | 34 | 44 | 44 | 48 |
| OPM % | 44% | 34% | 46% | 62% | 14% | 29% | 48% | 48% | 34% | 39% | 21% | 28% |
| 0 | 0 | 1 | 0 | 108 | 4 | 3 | 1,197 | 34 | 41 | 64 | 86 | |
| Interest | 18 | 19 | 30 | 33 | 25 | 27 | 25 | 23 | 5 | 25 | 63 | 96 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 4 | 5 | 5 | 5 | 8 | 11 |
| Profit before tax | -2 | -4 | -6 | 4 | 87 | 7 | 5 | 1,204 | 58 | 54 | 36 | 28 |
| Tax % | 0% | 0% | 0% | 0% | 19% | 32% | -42% | 18% | 28% | 15% | -4% | -19% |
| -2 | -4 | -6 | 4 | 71 | 5 | 7 | 989 | 41 | 47 | 38 | 33 | |
| EPS in Rs | -0.12 | -0.21 | -0.33 | 0.25 | 4.20 | 0.28 | 0.41 | 58.36 | 2.44 | 2.75 | 2.23 | 1.96 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 22% | 31% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 22% |
| 3 Years: | 20% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 37% |
| 3 Years: | 3% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 27% |
| 3 Years: | 42% |
| 1 Year: | 89% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 14 | 14 | 14 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 143 | 130 | 124 | 128 | 210 | 197 | 219 | 1,210 | 1,237 | 1,540 | 1,941 | 2,084 |
| 125 | 150 | 198 | 257 | 165 | 230 | 220 | 56 | 128 | 368 | 942 | 1,077 | |
| 91 | 98 | 58 | 56 | 125 | 75 | 67 | 92 | 121 | 147 | 341 | 316 | |
| Total Liabilities | 364 | 393 | 393 | 455 | 517 | 519 | 523 | 1,374 | 1,503 | 2,072 | 3,242 | 3,495 |
| 8 | 8 | 44 | 69 | 175 | 199 | 196 | 193 | 418 | 456 | 620 | 688 | |
| CWIP | 26 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 31 |
| Investments | 271 | 271 | 270 | 301 | 247 | 252 | 257 | 1,071 | 842 | 1,477 | 2,341 | 2,291 |
| 59 | 86 | 79 | 85 | 94 | 68 | 70 | 110 | 242 | 139 | 275 | 486 | |
| Total Assets | 364 | 393 | 393 | 455 | 517 | 519 | 523 | 1,374 | 1,503 | 2,072 | 3,242 | 3,495 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 27 | 34 | 58 | -76 | 25 | 16 | -162 | 30 | 11 | 56 | -35 | |
| -7 | -29 | -13 | -70 | 100 | -82 | 20 | 387 | -133 | -216 | -536 | 31 | |
| -3 | 7 | -25 | 14 | -24 | 57 | -33 | -185 | 60 | 205 | 481 | 39 | |
| Net Cash Flow | -1 | 5 | -4 | 2 | -1 | 0 | 3 | 40 | -43 | -0 | 1 | 35 |
| Free Cash Flow | 5 | 24 | 25 | 32 | -118 | -1 | 14 | -164 | -200 | -32 | -122 | -138 |
| CFO/OP | 54% | 176% | 141% | 151% | -1,346% | 78% | 64% | 68% | 104% | 32% | 157% | -22% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 37 | 28 | 14 | 26 | 12 | 70 | 62 | 68 | 22 | 11 | 10 |
| Inventory Days | 3,310 | 1,517 | 5,976 | 3 | 8 | |||||||
| Days Payable | 439 | 861 | 2,062 | 34 | 76 | |||||||
| Cash Conversion Cycle | 2,928 | 37 | 684 | 14 | 3,940 | 12 | 70 | 62 | 68 | 22 | -20 | -58 |
| Working Capital Days | -1,125 | -1,046 | -738 | -733 | -890 | -152 | -246 | -308 | 86 | -400 | -849 | -992 |
| ROCE % | 6% | 5% | 8% | 10% | 1% | 8% | 7% | 14% | 4% | 5% | 4% | 4% |
Insights
In beta| Mar 2021 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|
| Elpro City Square Mall Occupancy Rate % |
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| Investment Portfolio Market Value ₹ crore |
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| One Elpro Business Park (OEP) Occupancy Rate % |
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| Average Monthly Rental Income - Business Park (OEP) ₹ crore |
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| Average Monthly Rental Income - Mall ₹ crore |
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| Mall Leased Area lakh sq ft |
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Extracted by Screener AI
Documents
Announcements
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Announcement Under Regulation 30 And Other Applicable Regulations Of The SEBI (LODR) Regulations, 2015.
29 Jul - IDC issued reasoned recommendation on Elpro International’s voluntary delisting offer on July 28, 2026.
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Letter Of Offer
27 Jul - Voluntary delisting LOF issued at ₹181.80/share; tendering opens Aug 4, 2026 and closes Aug 10, 2026.
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Detailed Public Announcement
27 Jul - Promoters announced voluntary delisting of Elpro International shares; DPA published July 27, 2026.
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Announcement Under Regulation 30 And Other Applicable Regulations Of The SEBI (LODR) Regulations, 2015.
25 Jul - Elpro formed Independent Directors Committee for proposed voluntary delisting on July 25, 2026.
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 15 Jul
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2017TranscriptAI SummaryPPT
History & Promoters[1]
The Company is promoted by the Dabriwala family, which has diversified interests across mining, manufacturing, real estate and insurance. The company was initially engaged in manufacturing power distribution equipment before shifting focus towards real estate development in the late 1990s. The family also promoted International Conveyors Ltd. and entered into an insurance joint venture with MetLife.