Electro Force (India) Ltd
Incorporated in 2010, Electro force (India) Ltd. manufactures electrical component products[1]
- Market Cap ₹ 56.8 Cr.
- Current Price ₹ 24.2
- High / Low ₹ 54.5 / 16.2
- Stock P/E 90.1
- Book Value ₹ 30.8
- Dividend Yield 0.00 %
- ROCE 1.31 %
- ROE 0.88 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.79 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.13% over past five years.
- Company has a low return on equity of 4.10% over last 3 years.
- Earnings include an other income of Rs.2.17 Cr.
- Company has high debtors of 405 days.
- Working capital days have increased from 647 days to 953 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 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 14.49 | 15.69 | 34.40 | 30.25 | 36.44 | 52.39 | 19.21 | |
| 14.81 | 17.24 | 23.00 | 18.55 | 27.55 | 50.83 | 20.01 | |
| Operating Profit | -0.32 | -1.55 | 11.40 | 11.70 | 8.89 | 1.56 | -0.80 |
| OPM % | -2.21% | -9.88% | 33.14% | 38.68% | 24.40% | 2.98% | -4.16% |
| 1.69 | 0.13 | 0.04 | 0.04 | 0.14 | 0.94 | 2.17 | |
| Interest | 0.08 | 0.06 | 0.01 | 0.36 | 0.49 | 0.22 | 0.07 |
| Depreciation | 0.98 | 0.79 | 0.84 | 0.70 | 0.66 | 0.54 | 0.43 |
| Profit before tax | 0.31 | -2.27 | 10.59 | 10.68 | 7.88 | 1.74 | 0.87 |
| Tax % | 0.00% | -1.32% | 18.41% | 27.72% | 27.16% | 26.44% | 26.44% |
| 0.31 | -2.24 | 8.64 | 7.72 | 5.75 | 1.28 | 0.63 | |
| EPS in Rs | 0.62 | -4.48 | 17.28 | 4.44 | 2.46 | 0.55 | 0.27 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -14% |
| TTM: | -63% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | -57% |
| TTM: | -51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 4% |
| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 17.40 | 23.40 | 23.40 | 23.40 |
| Reserves | -0.94 | -3.29 | 5.36 | 0.95 | 46.80 | 48.08 | 48.71 |
| 5.37 | 5.87 | 8.78 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 7.02 | 9.62 | 28.69 | 53.97 | 15.45 | 4.89 | 5.38 | |
| Total Liabilities | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 | 77.49 |
| 4.44 | 7.37 | 3.41 | 3.08 | 2.81 | 2.30 | 1.92 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.10 | 18.10 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 12.01 | 9.83 | 44.42 | 69.24 | 82.84 | 55.97 | 57.47 | |
| Total Assets | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 | 77.49 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 4.32 | 3.03 | 3.59 | -0.23 | -44.79 | 17.13 | -2.59 | |
| -0.65 | -3.67 | 3.16 | -0.33 | -1.06 | -16.40 | 2.12 | |
| -3.37 | 0.43 | 2.90 | -8.78 | 46.06 | -0.02 | -0.07 | |
| Net Cash Flow | 0.30 | -0.21 | 9.65 | -9.35 | 0.21 | 0.71 | -0.54 |
| Free Cash Flow | 3.62 | -0.69 | 6.72 | -0.60 | -45.17 | -1.00 | -2.64 |
| CFO/OP | -1,350% | -195% | 31% | 16% | -471% | 1,233% | 256% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 100.76 | 130.04 | 42.02 | 80.48 | 42.17 | 144.70 | 405.09 |
| Inventory Days | 162.68 | 52.04 | 37.10 | 297.34 | 160.80 | 104.30 | 294.93 |
| Days Payable | 70.08 | 98.82 | 78.57 | 91.31 | 64.03 | 29.12 | 109.81 |
| Cash Conversion Cycle | 193.36 | 83.26 | 0.55 | 286.51 | 138.95 | 219.89 | 590.21 |
| Working Capital Days | 100.26 | -12.10 | 52.31 | 166.39 | 649.47 | 338.66 | 952.88 |
| ROCE % | -25.98% | 79.34% | 58.90% | 18.90% | 2.77% | 1.31% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Number of Permanent Employees count |
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| Revenue Contribution from Largest Customer (Artemis Electricals and Projects Ltd) INR Lakhs |
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| Manufacturing Facility Size square feet |
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Extracted by Screener AI
Documents
Announcements
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Structural Digital Database
30 May 2026 - FY26 SDD compliance certificate filed; 4 of 6 required events captured, no non-compliance noted.
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General Updates
30 May 2026 - Board appointed M/s Ketan Vyas & Company as secretarial auditor, after Ms. Aakruti Somani’s resignation on 30 May 2026.
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Copy of Newspaper Publication
29 May 2026 - Audited half-year and FY2026 results advertisement published in English and Marathi newspapers on 29 May 2026.
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Outcome of Board Meeting
28 May 2026 - Board approved FY26 audited results; profit fell to 63.33 lakh, with unmodified audit opinion.
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Copy of Newspaper Publication
22 May 2026 - Published newspaper advertisements for Postal Ballot Notice and remote e-voting on May 22, 2026.
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.