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 ₹ 256 Cr.
- Current Price ₹ 198
- High / Low ₹ 268 / 186
- Stock P/E 23.6
- 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
- Promoter holding has decreased over last quarter: -22.2%
* 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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Copy of Newspaper Publication
31 August 2025 - Published Aug 31 AGM notice; book closure Sep 18–24; AGM Sep 24, 2025 02:15pm IST, e-voting details.
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Shareholders meeting
30 August 2025 - 22nd AGM on September 24, 2025 via VC; cut-off Sept 17; Annual Report uploaded.
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Copy of Newspaper Publication
29 August 2025 - Eppeltone Engineers 22nd AGM on September 24, 2025 at 02:15 PM IST via VC/OAVM.
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Resignation
6 August 2025 - Senior Management Personnel Ms. Vijay Laxmi resigned as Sr. Procurement Officer on July 31, 2025.
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Outcome of Board Meeting
6 August 2025 - Board approved FY24-25 report, appointed secretarial auditors, scheduled 22nd AGM on Sept 24, 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