Electro Force (India) Ltd
Incorporated in 2010, Electro force (India) Ltd. manufactures electrical component products[1]
- Market Cap ₹ 101 Cr.
- Current Price ₹ 43.4
- High / Low ₹ 69.0 / 29.2
- Stock P/E 79.2
- Book Value ₹ 30.6
- Dividend Yield 0.00 %
- ROCE 2.48 %
- ROE 1.81 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.4% over last 3 years.
- Earnings include an other income of Rs.0.94 Cr.
- Debtor days have increased from 89.1 to 145 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 14.49 | 15.69 | 34.40 | 30.25 | 36.44 | 52.39 | |
| 14.81 | 17.24 | 23.00 | 18.55 | 27.55 | 51.03 | |
| Operating Profit | -0.32 | -1.55 | 11.40 | 11.70 | 8.89 | 1.36 |
| OPM % | -2.21% | -9.88% | 33.14% | 38.68% | 24.40% | 2.60% |
| 1.69 | 0.13 | 0.04 | 0.04 | 0.14 | 0.94 | |
| Interest | 0.08 | 0.06 | 0.01 | 0.36 | 0.49 | 0.02 |
| Depreciation | 0.98 | 0.79 | 0.84 | 0.70 | 0.66 | 0.54 |
| Profit before tax | 0.31 | -2.27 | 10.59 | 10.68 | 7.88 | 1.74 |
| Tax % | 0.00% | -1.32% | 18.41% | 27.72% | 27.16% | 26.44% |
| 0.31 | -2.24 | 8.64 | 7.72 | 5.75 | 1.28 | |
| EPS in Rs | 0.62 | -4.48 | 17.28 | 4.44 | 2.46 | 0.55 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 15% |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | -47% |
| TTM: | -78% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 11% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 17.40 | 23.40 | 23.40 |
| Reserves | -0.94 | -3.29 | 5.36 | 0.95 | 46.80 | 48.08 |
| 5.37 | 5.87 | 8.78 | 0.00 | 0.00 | 0.00 | |
| 7.02 | 9.62 | 28.69 | 53.97 | 15.45 | 4.89 | |
| Total Liabilities | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 |
| 4.44 | 7.37 | 3.41 | 3.08 | 2.81 | 2.30 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.10 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 12.01 | 9.83 | 44.42 | 69.24 | 82.84 | 55.97 | |
| Total Assets | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 4.32 | 3.03 | 3.59 | -0.23 | -44.79 | 17.13 | |
| -0.65 | -3.67 | 3.16 | -0.33 | -1.06 | -16.40 | |
| -3.37 | 0.43 | 2.90 | -8.78 | 46.06 | -0.02 | |
| Net Cash Flow | 0.30 | -0.21 | 9.65 | -9.35 | 0.21 | 0.71 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 100.76 | 130.04 | 42.02 | 80.48 | 42.17 | 144.70 |
| Inventory Days | 162.68 | 52.04 | 37.10 | 297.34 | 160.80 | 104.30 |
| Days Payable | 70.08 | 98.82 | 78.57 | 91.31 | 64.03 | 29.12 |
| Cash Conversion Cycle | 193.36 | 83.26 | 0.55 | 286.51 | 138.95 | 219.89 |
| Working Capital Days | 100.26 | -12.10 | 52.31 | 166.39 | 649.47 | 338.66 |
| ROCE % | -25.98% | 79.34% | 58.90% | 18.90% | 2.48% |
Documents
Announcements
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Price movement
24 October 2025 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 October 2025 - Certificate under Reg 74(5) for quarter and half-year ended Sep 30, 2025.
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Shareholders meeting
30 September 2025 - Scrutinizer report for 15th AGM on Sep 27, 2025: RPT resolution failed; other four resolutions passed.
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Shareholders meeting
30 September 2025 - 15th AGM voting results: five resolutions on Sept 27, 2025; RPT resolution failed due to Section 188 invalid votes.
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Shareholders meeting
27 September 2025 - 15th AGM on 27 Sep 2025: adopted FY2024-25 financials; reappointed Saideep Bagale; appointed Aakruti Somani, Rudolf Corriea; RPT approval.
Business Overview:[1]
EFL is in the business of design and manufacturing of precision sheet metal components, plastic injection moldings, and related assemblies. It is an ISO 9001 & 14001 certified company which specializes in providing innovative and advanced manufacturing solutions for complex precision sheet metal components
and assemblies to various industries such as Electrical & Electronics, Lighting, & other Engineering industries in India.
Their expertise includes product designing, prototyping, and
process development for precision sheet metal components & plastic products and assemblies for the electrical & switchgear industry.