Evans Electric Ltd

Evans Electric Ltd

₹ 189 4.98%
11 Jun - close price
About

Incorporated in 1951, Evans Electric Ltd is in the business of Electro Mechanical Repairs & Servicing[1]

Key Points

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

  • Market Cap 104 Cr.
  • Current Price 189
  • High / Low 252 / 118
  • Stock P/E 13.7
  • Book Value 47.8
  • Dividend Yield 0.79 %
  • ROCE 44.9 %
  • ROE 33.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 49.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%

Cons

  • Company has high debtors of 155 days.
  • Working capital days have increased from 74.0 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

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
3.61 3.62 3.66 3.84 5.70 3.31 4.04 14.18 4.95 9.18 11.50 4.77 20.71
3.15 2.16 3.56 4.55 4.02 2.77 3.37 11.05 3.76 4.83 9.44 3.46 12.46
Operating Profit 0.46 1.46 0.10 -0.71 1.68 0.54 0.67 3.13 1.19 4.35 2.06 1.31 8.25
OPM % 12.74% 40.33% 2.73% -18.49% 29.47% 16.31% 16.58% 22.07% 24.04% 47.39% 17.91% 27.46% 39.84%
0.33 0.17 0.00 0.12 0.12 0.07 0.24 0.61 0.08 0.18 0.30 0.25 0.79
Interest 0.03 0.04 0.02 0.07 0.06 0.03 0.11 0.05 0.03 0.18 0.07 0.14 0.19
Depreciation 0.21 0.16 0.17 0.06 0.17 0.09 0.09 0.09 0.09 0.11 0.12 0.11 0.12
Profit before tax 0.55 1.43 -0.09 -0.72 1.57 0.49 0.71 3.60 1.15 4.24 2.17 1.31 8.73
Tax % 20.00% 30.07% 33.33% -26.39% 29.30% 24.49% 36.62% 24.17% 18.26% 23.82% 14.75% 25.19% 24.51%
0.44 1.01 -0.13 -0.53 1.11 0.38 0.45 2.73 0.94 3.22 1.85 0.98 6.59
EPS in Rs 1.10 1.87 -0.24 -0.98 2.06 0.70 0.83 5.06 1.71 5.85 3.36 1.78 12.01
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
4.56 4.72 5.03 10.60 5.61 6.65 7.28 9.53 7.34 19.13 20.67 25.48
3.90 4.14 4.25 6.93 4.77 4.99 5.71 8.57 6.12 14.82 14.26 15.92
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
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%
0.07 0.10 0.09 0.11 0.23 0.38 0.32 0.24 0.30 0.70 0.48 1.04
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
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
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
Tax % 32.43% 34.29% 31.03% 31.40% 28.36% 29.48% 31.33% 31.76% 31.40% 22.78% 20.94% 24.50%
0.26 0.22 0.41 2.37 0.47 1.21 1.03 0.58 0.82 3.66 5.07 7.57
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
Dividend Payout % 15.38% 18.18% 9.76% 4.22% 10.64% 18.18% 39.90% 28.34% 33.41% 14.97% 16.21% 0.00%
Compounded Sales Growth
10 Years: 18%
5 Years: 28%
3 Years: 51%
TTM: 23%
Compounded Profit Growth
10 Years: 42%
5 Years: 50%
3 Years: 115%
TTM: 57%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 114%
1 Year: 20%
Return on Equity
10 Years: 21%
5 Years: 22%
3 Years: 29%
Last Year: 33%

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
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
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
0.44 0.00 0.06 0.48 0.00 0.00 0.16 0.11 0.72 0.00 0.40 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
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
2.93 2.54 2.30 2.59 2.29 2.07 2.04 1.83 1.66 1.89 1.76 2.01
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
Investments 0.00 0.00 0.00 0.00 0.00 0.98 2.73 3.36 4.69 9.51 11.89 13.96
3.27 2.84 3.30 6.90 6.01 6.33 7.42 7.51 7.26 5.50 11.03 19.00
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

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 58.78 35.12 31.23 69.16 134.37 136.35 165.59 15.65 67.46 138.81
ROCE % 9.75% 8.38% 14.27% 59.62% 10.33% 23.20% 16.12% 8.52% 10.88% 31.07% 36.35% 44.93%

Shareholding Pattern

Numbers in percentages

Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025
58.31% 59.40% 59.44% 59.44% 59.44% 59.44% 59.44% 59.44% 59.44% 59.44% 59.44% 59.44%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.44% 0.00% 0.00%
41.69% 40.60% 40.56% 40.56% 40.56% 40.56% 40.56% 40.56% 40.56% 40.13% 40.57% 40.57%
No. of Shareholders 73767878200248255333333362461577

* 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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