Eppeltone Engineers Ltd
Founded in 1977, Eppeltone Engineers Limited specializes in manufacturing electronic energy meters, including smart meters, alongside various power conditioning devices.[1]
- Market Cap ₹ 210 Cr.
- Current Price ₹ 162
- High / Low ₹ 268 / 160
- Stock P/E 19.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 32.0 %
- ROE 34.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
Cons
* 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 38 | 82 | 73 | 78 | 124 | |
| 36 | 81 | 70 | 65 | 106 | |
| Operating Profit | 2 | 2 | 3 | 13 | 18 |
| OPM % | 5% | 2% | 4% | 17% | 14% |
| 1 | 0 | 0 | 2 | 1 | |
| Interest | 1 | 1 | 1 | 2 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | 2 | 12 | 15 |
| Tax % | -18% | 36% | 28% | 22% | 29% |
| 1 | 0 | 1 | 9 | 11 | |
| EPS in Rs | 2.73 | 0.60 | 2.73 | 21.50 | 11.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | 58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 256% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 35% |
| Last Year: | 34% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 10 |
| Reserves | 6 | 6 | 8 | 20 | 30 |
| 11 | 11 | 13 | 16 | 31 | |
| 17 | 12 | 20 | 30 | 53 | |
| Total Liabilities | 39 | 34 | 44 | 70 | 124 |
| 7 | 8 | 9 | 13 | 20 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 32 | 26 | 35 | 57 | 104 | |
| Total Assets | 39 | 34 | 44 | 70 | 124 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | 2 | 0 | 3 | -8 | |
| -1 | -2 | -1 | -5 | -8 | |
| 0 | -1 | 1 | 6 | 15 | |
| Net Cash Flow | -0 | -0 | 0 | 4 | -1 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 179 | 36 | 83 | 127 | 80 |
| Inventory Days | 93 | 56 | 68 | 104 | 205 |
| Days Payable | 193 | 38 | 93 | 171 | 206 |
| Cash Conversion Cycle | 79 | 54 | 58 | 60 | 79 |
| Working Capital Days | 75 | 30 | 34 | 47 | 54 |
| ROCE % | 6% | 11% | 43% | 32% |
Documents
Announcements
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Resignation
26 October 2025 - Ms. Narjina Sultana resigned as HR Manager (SMP) effective 25 Oct 2025 due to personal reasons.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 October 2025 - Certificate under SEBI Regulation 74(5) from registrar for quarter ended September 30, 2025.
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Resignation
7 October 2025 - Vijay Vir Singh resigned as Dy. General Manager/Order Implementation Head effective 03 Oct 2025; emailed 06 Oct 2025.
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General Updates
24 September 2025 - 22nd AGM Sep 24, 2025: FY2025 financials adopted; Reshu Chowdhary reappointed; secretarial auditors appointed for five years.
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Trading Window
24 September 2025 - Trading window closed Oct 1, 2025 until 48 hours after board meeting to approve H1 results (Sep 30, 2025).
Business Profile[1]
Eppeltone Engineers is engaged in the design, manufacturing, and supply of electronic energy meters, smart meters, and various power conditioning devices. The company primarily operates in the B2B segment, supplying to state electricity boards, central PSUs, DISCOMs, and turnkey contractors.
Their product line includes static watt-hour meters, smart meters, water meters, battery chargers, UPS systems, LED luminaires, BPL kits, IoT-enabled monitoring devices, etc. The company also offers services for data analysis, monitoring systems, rural power distribution franchise support, and smart grid enablement.[2]
Product Portfolio
a) Energy Meters:[2]
Single-phase & three-phase static meters
Smart meters (BIS 16444 compliant)
Trivector and multifunction meters
Solar meters
Industrial meters
b) Power Conditioning Equipment:[3]
High-grade UPS systems
Battery management systems and chargers