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 ₹ 129 Cr.
- Current Price ₹ 99.9
- High / Low ₹ 268 / 94.0
- Stock P/E 10.5
- Book Value ₹ 70.0
- Dividend Yield 0.00 %
- ROCE 18.5 %
- ROE 18.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 62.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Company has high debtors of 187 days.
- Working capital days have increased from 86.3 days to 158 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 38 | 82 | 73 | 78 | 124 | 135 | |
| 36 | 81 | 70 | 65 | 106 | 115 | |
| Operating Profit | 2 | 2 | 3 | 13 | 18 | 19 |
| OPM % | 5% | 2% | 4% | 17% | 14% | 14% |
| 1 | 0 | 0 | 2 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 1 | 0 | 2 | 12 | 15 | 16 |
| Tax % | -18% | 36% | 28% | 22% | 29% | 23% |
| 1 | 0 | 1 | 9 | 11 | 12 | |
| EPS in Rs | 2.73 | 0.60 | 2.73 | 21.50 | 11.51 | 9.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 23% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 63% |
| 3 Years: | 125% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 28% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 10 | 13 |
| Reserves | 6 | 6 | 8 | 20 | 30 | 78 |
| 11 | 11 | 13 | 16 | 31 | 39 | |
| 17 | 12 | 20 | 30 | 53 | 57 | |
| Total Liabilities | 39 | 34 | 44 | 70 | 124 | 186 |
| 7 | 8 | 9 | 13 | 20 | 37 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 32 | 26 | 35 | 57 | 104 | 148 | |
| Total Assets | 39 | 34 | 44 | 70 | 124 | 186 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1 | 2 | 0 | 3 | -8 | -18 | |
| -1 | -2 | -1 | -5 | -8 | -19 | |
| 0 | -1 | 1 | 6 | 15 | 37 | |
| Net Cash Flow | -0 | -0 | 0 | 4 | -1 | -0 |
| Free Cash Flow | -0 | 1 | -1 | -2 | -17 | -38 |
| CFO/OP | 75% | 171% | 21% | 35% | -27% | -75% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 179 | 36 | 83 | 127 | 80 | 187 |
| Inventory Days | 93 | 56 | 68 | 104 | 205 | 244 |
| Days Payable | 193 | 38 | 93 | 171 | 206 | 199 |
| Cash Conversion Cycle | 79 | 54 | 58 | 60 | 79 | 232 |
| Working Capital Days | 75 | 30 | 34 | 47 | 54 | 158 |
| ROCE % | 6% | 11% | 43% | 32% | 19% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2027 (P) | |
|---|---|---|---|---|---|
| Employee Attrition Rate % |
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| Bids Submitted INR Million |
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| Closing Order Book INR Million |
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| Installed Capacity - Single Phase Meter Units |
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| Installed Capacity - Three Phase Meter Units |
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| Production Volume - Energy Meters Units |
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| Capacity Utilization - Single Phase Meter % |
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| Capacity Utilization - Three Phase Meter % |
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| Production Volume - Single Phase Meter Units |
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| Production Volume - Three Phase Meter Units |
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Extracted by Screener AI
Documents
Announcements
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Disclosure under SEBI Takeover Regulations
4 June 2026 - Promoter group held 80,06,400 shares (61.78%) with no encumbrances as of 31 March 2026.
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Investor Presentation
30 May 2026 - Investor presentation filed for H2 and FY ended 31 March 2026.
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Press Release
30 May 2026 - Eppeltone reported FY26 revenue Rs 1,347.4 Mn, net profit Rs 123.8 Mn, and order book Rs 3,439 Mn.
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Statement of deviation(s) or variation(s) under Reg. 32
30 May 2026 - No deviation in IPO proceeds use for quarter ended 31 March 2026; issue expenses rose to ₹552.74 lakh.
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Outcome of Board Meeting
30 May 2026 - Board approved FY26 audited results; profit rose to Rs 1,237.58 lakh, with unmodified audit opinion.
Annual reports
Concalls
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May 2026TranscriptAI SummaryPPT
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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.