Evans Electric Ltd
₹ 133
-2.03%
26 Nov
- close price
About
Incorporated in 1951, Evans Electric Ltd is in the business of Electro Mechanical Repairs & Servicing[1]
Key Points
- Market Cap ₹ 73.0 Cr.
- Current Price ₹ 133
- High / Low ₹ 250 / 118
- Stock P/E 10.6
- Book Value ₹ 48.4
- Dividend Yield 1.13 %
- ROCE 40.8 %
- ROE 30.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 46.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
Cons
- Company has high debtors of 155 days.
- Working capital days have increased from 71.6 days to 139 days
* 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.
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Half Yearly Results
Figures in Rs. Crores
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.56 | 4.72 | 5.03 | 10.60 | 5.61 | 6.65 | 7.28 | 9.53 | 7.34 | 19.13 | 20.67 | 25.48 | 27.59 | |
| 3.90 | 4.14 | 4.25 | 6.93 | 4.77 | 4.99 | 5.71 | 8.57 | 6.12 | 14.82 | 14.26 | 15.92 | 18.76 | |
| Operating Profit | 0.66 | 0.58 | 0.78 | 3.67 | 0.84 | 1.66 | 1.57 | 0.96 | 1.22 | 4.31 | 6.41 | 9.56 | 8.83 |
| OPM % | 14.47% | 12.29% | 15.51% | 34.62% | 14.97% | 24.96% | 21.57% | 10.07% | 16.62% | 22.53% | 31.01% | 37.52% | 32.00% |
| 0.07 | 0.10 | 0.09 | 0.11 | 0.23 | 0.38 | 0.32 | 0.24 | 0.30 | 0.70 | 0.48 | 1.04 | 1.10 | |
| Interest | 0.04 | 0.01 | 0.03 | 0.03 | 0.03 | 0.04 | 0.06 | 0.12 | 0.14 | 0.08 | 0.25 | 0.33 | 0.19 |
| Depreciation | 0.32 | 0.32 | 0.26 | 0.31 | 0.37 | 0.27 | 0.33 | 0.23 | 0.17 | 0.19 | 0.24 | 0.23 | 0.26 |
| Profit before tax | 0.37 | 0.35 | 0.58 | 3.44 | 0.67 | 1.73 | 1.50 | 0.85 | 1.21 | 4.74 | 6.40 | 10.04 | 9.48 |
| Tax % | 32.43% | 34.29% | 31.03% | 31.40% | 28.36% | 29.48% | 31.33% | 31.76% | 31.40% | 22.78% | 20.94% | 24.60% | |
| 0.26 | 0.22 | 0.41 | 2.37 | 0.47 | 1.21 | 1.03 | 0.58 | 0.82 | 3.66 | 5.07 | 7.57 | 6.91 | |
| EPS in Rs | 13.00 | 11.00 | 20.50 | 118.50 | 23.50 | 3.02 | 1.91 | 1.07 | 1.52 | 6.65 | 9.22 | 13.79 | 12.59 |
| Dividend Payout % | 15.38% | 18.18% | 9.76% | 4.22% | 10.64% | 18.18% | 39.90% | 28.34% | 33.41% | 14.97% | 16.21% | 10.86% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 28% |
| 3 Years: | 51% |
| TTM: | 70% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 41% |
| 5 Years: | 47% |
| 3 Years: | 108% |
| TTM: | 144% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 28% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 22% |
| 3 Years: | 28% |
| Last Year: | 30% |
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 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 1.00 | 1.37 | 1.37 | 1.37 | 2.74 | 2.74 | 5.48 | 5.49 |
| Reserves | 3.59 | 3.56 | 3.93 | 6.17 | 6.48 | 7.19 | 9.26 | 9.56 | 10.22 | 12.24 | 16.76 | 20.77 | 21.09 |
| 0.44 | -0.00 | 0.06 | 0.48 | -0.00 | -0.00 | 0.16 | 0.11 | 0.72 | -0.00 | 0.40 | -0.00 | -0.00 | |
| 1.67 | 1.32 | 1.11 | 2.34 | 1.32 | 1.19 | 1.40 | 1.66 | 1.30 | 1.92 | 4.78 | 8.72 | 3.63 | |
| Total Liabilities | 6.20 | 5.38 | 5.60 | 9.49 | 8.30 | 9.38 | 12.19 | 12.70 | 13.61 | 16.90 | 24.68 | 34.97 | 30.21 |
| 2.93 | 2.54 | 2.30 | 2.59 | 2.29 | 2.07 | 2.04 | 1.83 | 1.66 | 1.89 | 1.76 | 2.01 | 2.02 | |
| 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 | 0.98 | 2.73 | 3.36 | 4.69 | 9.51 | 11.37 | 13.96 | 11.20 |
| 3.27 | 2.84 | 3.30 | 6.90 | 6.01 | 6.33 | 7.42 | 7.51 | 7.26 | 5.50 | 11.55 | 19.00 | 16.99 | |
| Total Assets | 6.20 | 5.38 | 5.60 | 9.49 | 8.30 | 9.38 | 12.19 | 12.70 | 13.61 | 16.90 | 24.68 | 34.97 | 30.21 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.04 | 1.44 | -0.35 | 2.64 | 0.98 | 0.38 | -0.29 | -0.19 | 1.06 | 6.31 | 3.57 | 0.70 | |
| -0.59 | -0.09 | 0.05 | -0.53 | 0.13 | -0.65 | -1.80 | -0.46 | -1.20 | -5.26 | -1.12 | -1.84 | |
| -0.03 | -0.10 | -0.00 | 0.29 | -0.50 | -0.02 | 1.54 | -0.34 | 0.43 | -1.01 | -0.56 | -0.84 | |
| Net Cash Flow | -0.66 | 1.25 | -0.30 | 2.40 | 0.60 | -0.29 | -0.55 | -0.99 | 0.29 | 0.04 | 1.89 | -1.98 |
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 | 150.48 | 61.09 | 116.83 | 52.34 | 57.25 | 56.53 | 60.16 | 91.92 | 48.73 | 10.68 | 93.59 | 154.57 |
| Inventory Days | 57.74 | 56.70 | 69.27 | 64.32 | 111.28 | 150.29 | 376.90 | 58.70 | 237.25 | 29.47 | 101.94 | 114.06 |
| Days Payable | 309.32 | 219.71 | 266.42 | 181.00 | 231.46 | 131.51 | 230.11 | 66.17 | 133.83 | 51.39 | 383.09 | 533.81 |
| Cash Conversion Cycle | -101.10 | -101.92 | -80.32 | -64.34 | -62.93 | 75.32 | 206.96 | 84.45 | 152.15 | -11.23 | -187.56 | -265.18 |
| Working Capital Days | 75.24 | 2.32 | 54.42 | 18.59 | 31.23 | 69.16 | 126.35 | 132.14 | 129.79 | 15.65 | 60.22 | 138.95 |
| ROCE % | 9.75% | 8.38% | 14.27% | 59.62% | 10.33% | 23.20% | 16.12% | 8.52% | 10.88% | 31.07% | 36.35% | 40.82% |
Documents
Announcements
- Unaudited Half Yearly Financial Result 12 Nov
-
Board Meeting Outcome for Outcome Of The Meeting Of The Board Held On Wednesday, 12Th November, 2025.
12 Nov - Unaudited half-year results for period ended 30 Sep 2025; limited review included.
-
Board Meeting Intimation for Prior Intimation Of Board Meeting Under Regulation 29 (1) Of SEBI (LODR) Regulations, 2015)
6 Nov - Board meeting on Nov 12, 2025 to approve H1 unaudited financials (Sept 30, 2025) and review internal audit.
-
Announcement under Regulation 30 (LODR)-Cessation
30 Oct - Mr Christopher Joseph Rodricks (DIN 00153176) ceased as Independent Director effective October 22, 2025.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
30 Oct - Wilson DeSouza resigns as Whole Time Director effective Oct 31, 2025, to pursue other opportunities.
Business Overview:[1][2]
a) EEL is in the field of repair, refurbishment, support services and maintenance of large Motors, Generators, and Transformers. Heavy industries require Larger Electrical Machines because when these machines get older; the scope for the repair and maintenance increases
b) The company is branching out into allied fields closely associated with its 3 heavy electrical products of large Motors Generators and Transformers, as the routine work of regular overhaul and repair is getting competitive
c) At present, the company is doing sitework of a large turbo generator
d) It is also continuing with the sitework on a large DC motor armature
e) The company is looking to work with marketing agencies that can procure technically challenging high value orders and with limited competition.
f) Company provides import substitution on costly foreign made Apparatus and also does in-house development and manufacture of costly replacement components