Electro Force (India) Ltd

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Electro Force Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Electro Force (India) Ltd

₹ 17.8 10.94%
04 Nov - close price
electroforceindia.com NSE - SME: EFORCE
About

Incorporated in 2010, Electro force (India) Ltd. manufactures electrical component products[1]

Key Points

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.

Website NSE - SM
  • Market Cap ₹ 41.5 Cr.
  • Current Price ₹ 17.8
  • High / Low ₹ 46.0 / 15.0
  • Stock P/E 65.9
  • Book Value ₹ 30.8
  • Dividend Yield 0.00 %
  • ROCE 1.31 %
  • ROE 0.88 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.58 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 646 days to 949 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

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Half Yearly Results

Figures in Rs. Crores

Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
17.94 23.10 13.33 15.58 36.81 9.56 9.65
11.28 13.31 14.69 15.17 35.85 9.50 10.50
Operating Profit 6.66 9.79 -1.36 0.41 0.96 0.06 -0.85
OPM % 37.12% 42.38% -10.20% 2.63% 2.61% 0.63% -8.81%
0.04 0.04 0.10 0.01 0.93 1.37 0.80
Interest 0.00 0.01 0.02 0.01 0.02 0.05 0.03
Depreciation 0.35 0.32 0.33 0.27 0.27 0.22 0.22
Profit before tax 6.35 9.50 -1.61 0.14 1.60 1.16 -0.30
Tax % 29.61% 25.16% -16.15% 28.57% 26.88% 25.86% -20.00%
4.47 7.11 -1.36 0.10 1.18 0.86 -0.23
EPS in Rs 2.57 4.09 -0.58 0.04 0.50 0.37 -0.10
Raw PDF

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 0.18 -1.29 4.97 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: -59%
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 -0.35
-0.65 -3.67 3.16 -0.33 -1.06 -16.40 -0.12
-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 -0.40
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -1,350% -195% 31% 16% -471% 1,233% -48%

Ratios

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 52.31 166.39 649.47 338.66 948.89
ROCE % -25.98% 79.34% 58.90% 18.90% 2.77% 1.31%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Artemis Electricals Share of Total Revenue
% of total revenue

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Number of Permanent Employees
employees
Plant and Machinery Gross Block
₹ Lakhs
Capacity Utilisation
%
Capital Work-in-Progress
₹ Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026Sep 2026
62.93% 62.93% 62.49% 62.93% 62.89% 62.89% 62.89%
0.00% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00%
37.07% 37.04% 37.48% 37.04% 37.11% 37.11% 37.11%
No. of Shareholders 3,8724,0903,7153,4593,4223,2813,133

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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