Electro Force (India) Ltd
Incorporated in 2010, Electro force (India) Ltd. manufactures electrical component products[1]
- Market Cap ₹ 93.0 Cr.
- Current Price ₹ 39.8
- High / Low ₹ 78.8 / 29.2
- Stock P/E 72.7
- 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: | -46% |
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
-
Record Date
5 September 2025 - Book closure 20-27 Sept 2025; AGM on 27 Sept; e-voting cut-off 19 Sept 2025.
-
Change in Management
5 September 2025 - Board approved secretarial auditor Aakruti Somani and director Rudolf Corriea; AGM on Sept 27, 2025 at 3:00 PM.
-
Outcome of Board Meeting
5 September 2025 - Board approved secretarial auditor Aakruti Somani (FY2025-26 to 2029-30); appointed Rudolf Corriea as NED; AGM Sep 27, 2025.
-
Change in Director(s)
5 September 2025 - Board appointed secretarial auditor, new non-exec director; AGM on Sept 27, 2025 at 3:00 PM via VC.
-
Shareholders meeting
5 September 2025 - Board approved secretarial auditor, appointed director Rudolf Corriea; AGM on Sept 27, 2025 at 3:00 PM (VC).
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.