Electro Force (India) Ltd
Incorporated in 2010, Electro force (India) Ltd. manufactures electrical component products[1]
- Market Cap ₹ 115 Cr.
- Current Price ₹ 49.0
- High / Low ₹ 83.8 / 29.2
- Stock P/E 89.5
- Book Value ₹ 30.6
- Dividend Yield 0.00 %
- ROCE 2.48 %
- ROE 1.81 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
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.0.94 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
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 | |
---|---|---|---|---|---|---|
14.49 | 15.69 | 34.40 | 30.25 | 36.44 | 52.39 | |
14.81 | 17.24 | 23.00 | 18.55 | 27.55 | 51.03 | |
Operating Profit | -0.32 | -1.55 | 11.40 | 11.70 | 8.89 | 1.36 |
OPM % | -2.21% | -9.88% | 33.14% | 38.68% | 24.40% | 2.60% |
1.69 | 0.13 | 0.04 | 0.04 | 0.14 | 0.94 | |
Interest | 0.08 | 0.06 | 0.01 | 0.36 | 0.49 | 0.02 |
Depreciation | 0.98 | 0.79 | 0.84 | 0.70 | 0.66 | 0.54 |
Profit before tax | 0.31 | -2.27 | 10.59 | 10.68 | 7.88 | 1.74 |
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 | |
EPS in Rs | 0.62 | -4.48 | 17.28 | 4.44 | 2.46 | 0.55 |
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: | 44% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | -47% |
TTM: | -78% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -37% |
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 | |
---|---|---|---|---|---|---|
Equity Capital | 5.00 | 5.00 | 5.00 | 17.40 | 23.40 | 23.40 |
Reserves | -0.94 | -3.29 | 5.36 | 0.95 | 46.80 | 48.08 |
5.37 | 5.87 | 8.78 | 0.00 | 0.00 | 0.00 | |
7.02 | 9.62 | 28.69 | 53.97 | 15.45 | 4.89 | |
Total Liabilities | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 |
4.44 | 7.37 | 3.41 | 3.08 | 2.81 | 2.30 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.10 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
12.01 | 9.83 | 44.42 | 69.24 | 82.84 | 55.97 | |
Total Assets | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 |
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 |
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% | 2.48% |
Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
25 June 2025 - Promoter group declares no share encumbrance during FY ending March 31, 2025.
-
Clarification - Financial Results
25 June 2025 - Exchange has sought clarification from Electro Force (India) Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
-
General Updates
6 June 2025 - Fire at factory building; no casualties or stock loss; operations suspended for seven days.
-
Structural Digital Database
30 May 2025 - Submission of insider trading compliance certificate for year ended March 31, 2025.
-
Outcome of Board Meeting
27 May 2025 - Electro Force reports audited FY25 results and confirms full IPO fund utilization of Rs 55.8 Cr.
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.