Electro Force (India) Ltd

Electro Force (India) Ltd

₹ 96.3 2.77%
24 Apr 1:48 p.m.
About

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]

Key Points

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.

  • Market Cap 225 Cr.
  • Current Price 96.3
  • High / Low 152 / 77.1
  • Stock P/E 28.2
  • 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.

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Half Yearly Results

Figures in Rs. Crores

Sep 2023
23.10
13.31
Operating Profit 9.79
OPM % 42.38%
0.04
Interest 0.01
Depreciation 0.32
Profit before tax 9.50
Tax % 25.16%
7.11
EPS in Rs 4.09
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2023Mar 2024
62.93% 62.93%
0.00% 0.03%
37.07% 37.04%
No. of Shareholders 3,8724,090

* 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.

Click on the line-items to see the names of individual entities.

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