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 ₹ 168 Cr.
- Current Price ₹ 130
- High / Low ₹ 233 / 91.0
- Stock P/E 13.7
- Book Value ₹ 70.0
- Dividend Yield 0.00 %
- ROCE 18.5 %
- ROE 18.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 62.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.0%
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 % | 4.7% | 1.9% | 4.0% | 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: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 62% |
| 3 Years: | 124% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -32% |
| 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 | 19 | 32 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 6 |
| 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
| 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% | 18% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Production Volume - Energy Meters units |
|
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| Bids Pipeline (Submitted) INR Mn |
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| Capacity Utilization - Single Phase Meter % |
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| Capacity Utilization - Three Phase Meter % |
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| DISCOMs/PSUs Empanelled count |
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| Geographic Reach (States) count |
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| Installed Capacity - Single Phase Meter units |
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| Installed Capacity - Three Phase Meter units |
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| Order Book INR Mn |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
-
Bagging/Receiving of orders/contracts
- Eppeltone Engineers won Rs 70.18 lakh domestic energy meter supply order, to execute by January 2027.
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General Updates
- Eppeltone Engineers’ 23rd AGM transcript covers FY26 results, ₹416 crore order book, and new manufacturing facility plans.
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General Updates
- Eppeltone Engineers held its 23rd AGM on September 30, 2026; all three resolutions passed.
-
Shareholders meeting
- 23rd AGM held on September 30, 2026; all three resolutions passed with requisite majority.
-
Trading Window
- Trading window closed from October 1, 2026 until 48 hours after board reviews half-year results.
Concalls
-
May 2026PPT
-
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.