Electro Force (India) Ltd
Incorporated in 2010, Electro Force (India) Limited designs and manufactures electrical components and metal/plastic contact parts for India's electronics, lighting, switchgear, and allied industries.[1]
- Market Cap ₹ 223 Cr.
- Current Price ₹ 95.4
- High / Low ₹ 152 / 77.1
- Stock P/E 27.9
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 57.0 %
- ROE 55.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 61.9%
Cons
- Working capital days have increased from 68.9 days to 166 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 14.49 | 15.69 | 34.40 | 30.25 | |
| 14.81 | 17.24 | 23.00 | 18.91 | |
| Operating Profit | -0.32 | -1.55 | 11.40 | 11.34 |
| OPM % | -2.21% | -9.88% | 33.14% | 37.49% |
| 1.69 | 0.13 | 0.04 | 0.04 | |
| Interest | 0.08 | 0.06 | 0.01 | 0.00 |
| Depreciation | 0.98 | 0.79 | 0.84 | 0.70 |
| Profit before tax | 0.31 | -2.27 | 10.59 | 10.68 |
| Tax % | 0.00% | 1.32% | 18.41% | 25.19% |
| 0.31 | -2.24 | 8.64 | 8.00 | |
| EPS in Rs | 0.62 | -4.48 | 17.28 | 4.60 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 196% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 62% |
| Last Year: | 56% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 17.40 | 17.40 |
| Reserves | -0.94 | -3.29 | 5.36 | 0.95 | 8.06 |
| 5.37 | 5.87 | 8.78 | 0.00 | 0.00 | |
| 7.02 | 9.62 | 28.69 | 53.97 | 52.81 | |
| Total Liabilities | 16.45 | 17.20 | 47.83 | 72.32 | 78.27 |
| 4.44 | 7.37 | 3.41 | 3.08 | 3.14 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 12.01 | 9.83 | 44.42 | 69.24 | 75.13 | |
| Total Assets | 16.45 | 17.20 | 47.83 | 72.32 | 78.27 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 4.32 | 3.03 | 3.59 | -0.23 | |
| -0.65 | -3.67 | 3.16 | -0.33 | |
| -3.37 | 0.43 | 2.90 | -8.78 | |
| Net Cash Flow | 0.30 | -0.21 | 9.65 | -9.35 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 100.76 | 130.04 | 42.02 | 80.48 |
| Inventory Days | 162.68 | 52.04 | 37.10 | 297.34 |
| Days Payable | 70.08 | 98.82 | 78.57 | 91.31 |
| Cash Conversion Cycle | 193.36 | 83.26 | 0.55 | 286.51 |
| Working Capital Days | 100.26 | -12.10 | 52.31 | 166.39 |
| ROCE % | -25.98% | 79.34% | 56.98% |
Documents
Announcements
Annual reports
No data available.
Business Profile[1] Electro Force designs and manufactures stamping components and plastic components by metal stamping, injection molding and insert molding for electrical MCBs (Miniature Circuit Breakers), 63A electrical manual transfer switches, electrical MCCBs & RCBs, brushless DC motors for medical devices/aerospace/defense and automation, electrical motor starters, Electrical Control Gears, and electrical switches.