Expo Engineering and Projects Ltd

Expo Engineering Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Expo Engineering and Projects Ltd

₹ 68.4 -0.31%
18 Nov 2:15 p.m.
expogas.com BSE: 526614
About

Incorporated in 1982, Expo Gas Ltd manufactures Pressure Vessels, Columns & Towers, etc and is also involved in site engineering projects[1]

Key Points

Business Overview:[1][2]
EGL, formerly a manufacturer of LPG cylinders, is now a heavy engineering company specializing in process plant equipment. It produces coded pressure vessels, and deaerators, and handles turnkey projects and in-plant piping. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.

Website BSE
  • Market Cap ₹ 156 Cr.
  • Current Price ₹ 68.4
  • High / Low ₹ 111 / 39.0
  • Stock P/E 37.7
  • Book Value ₹ 17.2
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 12.0 %
  • Face Value ₹ 4.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 4.10 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.16% over last 3 years.
  • Debtor days have increased from 39.3 to 65.2 days.
  • Promoter holding has decreased over last 3 years: -10.5%

* 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

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Quarterly Results

Figures in Rs. Crores

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
16.03 17.94 31.05 18.55 15.96 14.96 26.23 17.71 31.90 25.31 39.83 17.85 15.00
14.58 16.29 33.23 17.05 14.61 13.36 24.95 16.31 30.11 23.51 36.48 15.94 13.00
Operating Profit 1.45 1.65 -2.18 1.50 1.35 1.60 1.28 1.40 1.79 1.80 3.35 1.91 2.00
OPM % 9.05% 9.20% -7.02% 8.09% 8.46% 10.70% 4.88% 7.91% 5.61% 7.11% 8.41% 10.70% 13.33%
0.02 0.00 0.11 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.15 0.00 0.00
Interest 1.04 1.26 1.00 1.03 0.97 1.19 1.21 1.00 1.01 0.95 0.95 0.76 1.05
Depreciation 0.13 0.13 0.09 0.12 0.12 0.12 0.09 0.11 0.12 0.18 0.05 0.11 0.10
Profit before tax 0.30 0.26 -3.16 0.35 0.26 0.29 0.11 0.29 0.66 0.67 2.50 1.04 0.85
Tax % 0.00% 0.00% -3.16% 0.00% 0.00% 0.00% 236.36% 0.00% 0.00% 0.00% 37.60% 0.00% 0.00%
0.30 0.26 -3.05 0.35 0.27 0.29 -0.16 0.29 0.66 0.67 1.57 1.04 0.85
EPS in Rs 0.16 0.14 -1.60 0.18 0.14 0.15 -0.08 0.13 0.29 0.29 0.69 0.46 0.37
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
45.43 60.28 44.50 36.15 50.03 60.06 49.12 48.17 72.64 80.22 75.70 114.74 97.99
38.12 52.47 40.79 31.48 44.27 54.22 44.86 43.11 67.44 73.81 69.93 106.40 88.93
Operating Profit 7.31 7.81 3.71 4.67 5.76 5.84 4.26 5.06 5.20 6.41 5.77 8.34 9.06
OPM % 16.09% 12.96% 8.34% 12.92% 11.51% 9.72% 8.67% 10.50% 7.16% 7.99% 7.62% 7.27% 9.25%
0.10 0.12 3.06 1.07 0.12 0.04 1.44 0.14 0.46 -3.70 0.09 0.15 0.15
Interest 4.55 4.40 4.99 4.28 4.18 3.99 4.42 4.04 4.00 4.56 4.40 3.91 3.71
Depreciation 0.78 0.74 0.62 0.64 0.65 0.64 0.61 0.56 0.53 0.46 0.44 0.46 0.44
Profit before tax 2.08 2.79 1.16 0.82 1.05 1.25 0.67 0.60 1.13 -2.31 1.02 4.12 5.06
Tax % 39.42% 31.18% 50.86% 86.59% 91.43% 20.00% 47.76% 503.33% 46.90% -4.33% 25.49% 22.82%
1.27 1.93 0.56 0.11 0.09 1.00 0.36 -2.42 0.60 -2.21 0.76 3.18 4.13
EPS in Rs 0.67 1.01 0.29 0.06 0.05 0.53 0.19 -1.27 0.32 -1.16 0.40 1.39 1.81
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: 18%
3 Years: 16%
TTM: 8%
Compounded Profit Growth
10 Years: 5%
5 Years: 55%
3 Years: 74%
TTM: 282%
Stock Price CAGR
10 Years: 31%
5 Years: 77%
3 Years: 87%
1 Year: 33%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 8%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 9.12 9.12
Reserves 12.54 14.46 15.03 15.13 15.22 16.23 16.58 14.17 14.72 12.73 13.58 22.72 30.12
22.16 23.02 26.27 26.86 29.63 32.34 38.00 40.45 41.08 41.42 40.92 31.13 32.10
6.23 9.21 10.69 9.56 12.59 10.16 14.36 12.82 17.07 18.25 16.73 18.95 8.87
Total Liabilities 48.54 54.30 59.60 59.16 65.05 66.34 76.55 75.05 80.48 80.01 78.84 81.92 80.21
7.78 7.17 7.13 6.50 5.98 5.35 4.98 4.43 3.93 3.51 3.14 4.90 5.31
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
40.76 47.13 52.47 52.66 59.07 60.99 71.57 70.62 76.55 76.50 75.70 77.02 74.90
Total Assets 48.54 54.30 59.60 59.16 65.05 66.34 76.55 75.05 80.48 80.01 78.84 81.92 80.21

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2.74 -0.19 -1.31 -2.19 -0.91 -4.85 -5.74 -2.41 -0.58 0.20 1.06 5.46
0.13 -0.13 -0.58 -0.01 -0.13 0.00 -0.24 -0.01 -0.03 -0.04 -0.08 -2.22
3.08 0.87 3.25 0.60 2.76 2.70 5.66 2.44 0.64 0.34 -0.50 -2.27
Net Cash Flow 0.47 0.56 1.35 -1.60 1.72 -2.15 -0.32 0.03 0.02 0.50 0.48 0.97

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 101.07 93.91 122.79 161.15 129.35 122.27 139.10 108.81 69.04 29.30 23.39 65.18
Inventory Days 578.94 2,167.51 1,218.09 1,153.23 472.06 427.58 525.34 488.26 628.20 681.21 788.09 366.89
Days Payable 133.99 690.13 365.48 290.70 146.81 89.67 196.80 80.07 166.45 132.15 84.94 100.13
Cash Conversion Cycle 546.02 1,571.30 975.40 1,023.67 454.60 460.18 467.64 517.00 530.79 578.37 726.53 331.94
Working Capital Days 105.97 106.08 152.07 205.17 167.00 165.00 215.79 81.38 53.56 69.98 80.33 79.05
ROCE % 16.52% 16.45% 13.09% 10.35% 10.25% 9.65% 8.60% 7.46% 8.17% 9.71% 8.82% 12.84%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
67.41% 67.41% 67.41% 67.41% 67.41% 67.41% 56.95% 56.95% 56.95% 56.95% 56.95% 56.95%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.41% 3.41%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.20% 2.98%
32.59% 32.59% 32.58% 32.59% 32.60% 32.60% 43.06% 43.06% 43.06% 43.04% 37.44% 36.66%
No. of Shareholders 9,1289,0678,9749,2089,0588,8959,0839,3939,1789,2099,9659,629

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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