Electro Force (India) Ltd
Incorporated in 2010, Electro force (India) Ltd. manufactures electrical component products[1]
- Market Cap ₹ 67.3 Cr.
- Current Price ₹ 28.8
- High / Low ₹ 54.5 / 16.2
- Stock P/E 33.0
- Book Value ₹ 30.9
- Dividend Yield 0.00 %
- ROCE 2.77 %
- ROE 1.81 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.93 times its book value
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.2.30 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
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 14.49 | 15.69 | 34.40 | 30.25 | 36.44 | 52.39 | 46.37 | |
| 14.81 | 17.24 | 23.00 | 18.55 | 27.55 | 50.83 | 45.35 | |
| Operating Profit | -0.32 | -1.55 | 11.40 | 11.70 | 8.89 | 1.56 | 1.02 |
| OPM % | -2.21% | -9.88% | 33.14% | 38.68% | 24.40% | 2.98% | 2.20% |
| 1.69 | 0.13 | 0.04 | 0.04 | 0.14 | 0.94 | 2.30 | |
| 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 | 0.49 |
| Profit before tax | 0.31 | -2.27 | 10.59 | 10.68 | 7.88 | 1.74 | 2.76 |
| 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 | 2.04 | |
| EPS in Rs | 0.62 | -4.48 | 17.28 | 4.44 | 2.46 | 0.55 | 0.87 |
| 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: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | -47% |
| TTM: | 262% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -19% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| 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 | 48.94 |
| 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 | 4.83 | |
| Total Liabilities | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 | 77.17 |
| 4.44 | 7.37 | 3.41 | 3.08 | 2.81 | 2.30 | 2.11 | |
| 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 | 56.96 | |
| Total Assets | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 | 77.17 |
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 |
| Free Cash Flow | 3.62 | -0.69 | 6.72 | -0.60 | -45.17 | -1.00 |
| CFO/OP | -1,350% | -195% | 31% | 16% | -471% | 1,233% |
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% | 2.77% |
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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Appointment
21 April 2026 - Board appointed Mrs. Dhruti Satia as Additional Independent Director on April 21, 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 April 2026 - Filed Regulation 74(5) certificate for quarter and year ended March 31, 2026.
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Resignation of Independent director
9 April 2026 - ELECTRO FORCE (INDIA) LIMITED has informed about Resignation of Independent director.
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Resignation
9 April 2026 - Ms. Priyanka Yadav resigned as Independent Director effective 3 April 2026.
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Price movement
8 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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.