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 ₹ 200 Cr.
- Current Price ₹ 154
- High / Low ₹ 268 / 138
- Stock P/E 14.8
- Book Value ₹ 65.3
- 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
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 38 | 82 | 73 | 78 | 124 | 120 | |
| 36 | 81 | 70 | 65 | 106 | 101 | |
| Operating Profit | 2 | 2 | 3 | 13 | 18 | 19 |
| OPM % | 5% | 2% | 4% | 17% | 14% | 16% |
| 1 | 0 | 0 | 2 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 2 | 3 | 2 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | 2 | 12 | 15 | 17 |
| Tax % | -18% | 36% | 28% | 22% | 29% | |
| 1 | 0 | 1 | 9 | 11 | 13 | |
| EPS in Rs | 2.73 | 0.60 | 2.73 | 21.50 | 11.51 | 12.39 |
| 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: | 28% |
| 3 Years: | 35% |
| Last Year: | 34% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 10 | 13 |
| Reserves | 6 | 6 | 8 | 20 | 30 | 72 |
| 11 | 11 | 13 | 16 | 31 | 30 | |
| 17 | 12 | 20 | 30 | 53 | 55 | |
| Total Liabilities | 39 | 34 | 44 | 70 | 124 | 170 |
| 7 | 8 | 9 | 13 | 20 | 33 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 32 | 26 | 35 | 57 | 104 | 136 | |
| Total Assets | 39 | 34 | 44 | 70 | 124 | 170 |
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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General Updates
31 January 2026 - Jan 31, 2026: Board withdrew preferential issue of up to 1,500,000 warrants and 300,000 equity shares.
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Outcome of Board Meeting
31 January 2026 - Withdraws preferential issue up to 1,500,000 warrants and 300,000 equity shares; approved Dec 29, 2025.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 January 2026 - Certificate under SEBI Regulation 74(5) for quarter ended Dec 31, 2025 from Skyline Financial Services.
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General Updates
31 December 2025 - EOGM transcript: approved capital increase, preferential warrants/shares, and proposed ₹100 crore NCD issuance (meeting Dec 29, 2025).
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Amendment to AOA/MOA
30 December 2025 - Authorised capital increased from ₹14.00 Cr to ₹20.00 Cr via EGM on 29-Dec-2025; enables preferential issuance.
Annual reports
Concalls
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Nov 2025Transcript PPT
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