Elpro International Ltd
Elpro International Limited is engaged in manufacturing surge arresters, construction and development of real estate properties, equity investment in third parties and windmill operations. [1]
- Market Cap ₹ 2,941 Cr.
- Current Price ₹ 174
- High / Low ₹ 178 / 71.2
- Stock P/E 33.7
- Book Value ₹ 120
- Dividend Yield 0.40 %
- ROCE 6.57 %
- ROE 4.30 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 34.7% CAGR over last 5 years
- Company's median sales growth is 25.0% of last 10 years
Cons
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 4.35% over last 3 years.
- Earnings include an other income of Rs.65.0 Cr.
* 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 37 | 45 | 51 | 58 | 41 | 110 | 63 | 72 | 123 | 257 | 390 | 528 | |
| 21 | 30 | 29 | 23 | 36 | 78 | 33 | 46 | 78 | 149 | 309 | 371 | |
| Operating Profit | 16 | 15 | 23 | 34 | 6 | 31 | 30 | 27 | 45 | 107 | 81 | 157 |
| OPM % | 43% | 33% | 44% | 60% | 14% | 29% | 48% | 37% | 37% | 42% | 21% | 30% |
| 0 | 0 | 14 | 19 | 137 | 14 | 16 | 1,273 | 30 | 30 | 71 | 65 | |
| Interest | 18 | 19 | 30 | 34 | 25 | 27 | 25 | 23 | 5 | 25 | 67 | 106 |
| Depreciation | 1 | 0 | 1 | 1 | 1 | 2 | 4 | 5 | 5 | 5 | 10 | 15 |
| Profit before tax | -2 | -4 | 6 | 19 | 116 | 16 | 18 | 1,272 | 66 | 107 | 74 | 100 |
| Tax % | -3% | -2% | -2% | 0% | 14% | 15% | -12% | 17% | 27% | 20% | 11% | 13% |
| -2 | -4 | 6 | 18 | 100 | 14 | 20 | 1,057 | 48 | 85 | 66 | 87 | |
| EPS in Rs | -0.13 | -0.22 | 0.35 | 1.09 | 5.90 | 0.82 | 1.16 | 62.35 | 2.83 | 5.04 | 3.90 | 5.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 12% | 18% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 53% |
| 3 Years: | 62% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 35% |
| 3 Years: | 33% |
| TTM: | 53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 29% |
| 3 Years: | 39% |
| 1 Year: | 64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 14 | 14 | 14 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 167 | 154 | -13 | -20 | 123 | 118 | 154 | 1,215 | 1,247 | 1,590 | 2,019 | 2,014 |
| 130 | 155 | 205 | 264 | 165 | 230 | 220 | 56 | 128 | 365 | 1,010 | 1,209 | |
| 105 | 107 | 64 | 59 | 126 | 75 | 67 | 92 | 122 | 154 | 355 | 378 | |
| Total Liabilities | 406 | 429 | 270 | 316 | 430 | 441 | 459 | 1,380 | 1,513 | 2,127 | 3,401 | 3,618 |
| 9 | 9 | 103 | 136 | 176 | 199 | 196 | 193 | 418 | 456 | 711 | 914 | |
| CWIP | 85 | 105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 31 |
| Investments | 269 | 269 | 133 | 151 | 160 | 174 | 193 | 1,077 | 1,012 | 1,578 | 2,539 | 2,388 |
| 43 | 47 | 34 | 29 | 94 | 68 | 70 | 110 | 83 | 93 | 145 | 286 | |
| Total Assets | 406 | 429 | 270 | 316 | 430 | 441 | 459 | 1,380 | 1,513 | 2,127 | 3,401 | 3,618 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 20 | 31 | 57 | -76 | 25 | 16 | -162 | -136 | 141 | 219 | 69 | |
| -16 | -22 | -12 | -68 | 100 | -82 | 20 | 387 | 34 | -342 | -767 | -19 | |
| 6 | 7 | -23 | 12 | -24 | 57 | -33 | -185 | 60 | 202 | 548 | -13 | |
| Net Cash Flow | -1 | 5 | -4 | 2 | -1 | 0 | 3 | 40 | -42 | 1 | -1 | 37 |
| Free Cash Flow | -4 | 0 | 17 | 23 | -118 | -1 | 14 | -164 | -366 | 98 | -53 | -53 |
| CFO/OP | 59% | 134% | 140% | 166% | -1,348% | 80% | 64% | 88% | -286% | 141% | 296% | 88% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 59 | 39 | 30 | 16 | 26 | 12 | 70 | 62 | 54 | 10 | 6 | 3 |
| Inventory Days | 3,310 | 661 | 5,976 | 32 | 4 | 1 | 1 | |||||
| Days Payable | 734 | 1,313 | 2,065 | 778 | 78 | 15 | 15 | |||||
| Cash Conversion Cycle | 2,635 | 39 | 30 | -636 | 3,937 | 12 | 70 | 62 | -692 | -64 | -7 | -11 |
| Working Capital Days | -1,345 | -1,427 | -1,173 | -1,200 | -891 | -152 | -246 | -308 | -409 | -245 | -592 | -284 |
| ROCE % | 5% | 5% | 13% | 22% | 8% | 13% | 11% | 14% | 4% | 8% | 5% | 7% |
Insights
In beta| Mar 2021 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|
| Elpro City Square Mall Occupancy Rate % ・Standalone data |
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| Investment Portfolio Market Value ₹ crore ・Standalone data |
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| One Elpro Business Park (OEP) Occupancy Rate % ・Standalone data |
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| Average Monthly Rental Income - Business Park (OEP) ₹ crore ・Standalone data |
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| Average Monthly Rental Income - Mall ₹ crore ・Standalone data |
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| Mall Leased Area lakh sq ft ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
16h - Elpro acquired 3,47,585 Greaves Cotton shares for Rs 7.85 crore, raising holding to 8,09,160 shares.
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Closure of Trading Window
30 Jun - Trading window closes from July 1, 2026 until 48 hours after Q1 FY2027 results.
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Announcement under Regulation 30 (LODR)-Acquisition
25 Jun - Elpro International bought 2,30,360 Greaves Cotton shares for ₹5 crore, raising holding to 4,61,575 shares.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 25 Jun
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 25 Jun
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Nov 2017TranscriptAI SummaryPPT
History & Promoters[1]
The Company is promoted by the Dabriwala family, which has diversified interests across mining, manufacturing, real estate and insurance. The company was initially engaged in manufacturing power distribution equipment before shifting focus towards real estate development in the late 1990s. The family also promoted International Conveyors Ltd. and entered into an insurance joint venture with MetLife.