Electro Force (India) Ltd
Incorporated in 2010, Electro force (India) Ltd. manufactures electrical component products[1]
- Market Cap ₹ 115 Cr.
- Current Price ₹ 49.1
- High / Low ₹ 83.8 / 29.2
- Stock P/E 89.8
- 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: | -32% |
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
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 July 2025 - Certificate under SEBI Reg 74(5) for securities demat/remat for Q1 FY2025-26.
-
Cessation
11 July 2025 - Appointment of internal auditor and new company secretary; resignation of previous company secretary on July 11, 2025.
-
Appointment
11 July 2025 - Appointment of internal auditor and new company secretary; resignation of previous company secretary on July 11, 2025.
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
11 July 2025 - ELECTRO FORCE (INDIA) LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Disclosure under SEBI Takeover Regulations
25 June 2025 - Promoter group declares no share encumbrance during FY ending March 31, 2025.
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.