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 ₹ 2,805 Cr.
- Current Price ₹ 166
- High / Low ₹ 171 / 71.2
- Stock P/E 32.1
- Book Value ₹ 120
- Dividend Yield 0.42 %
- 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 4.21% 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 | 229 | 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 | 80 | 81 | 157 |
| OPM % | 43% | 33% | 44% | 60% | 14% | 29% | 48% | 37% | 37% | 35% | 21% | 30% |
| 0 | 0 | 14 | 19 | 137 | 14 | 16 | 1,273 | 30 | 58 | 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: | 29% |
| 5 Years: | 33% |
| 3 Years: | 37% |
| 1 Year: | 86% |
| 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 | 58 | 219 | 69 | |
| -16 | -22 | -12 | -68 | 100 | -82 | 20 | 387 | 34 | -260 | -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 | 15 | -53 | -53 |
| CFO/OP | 59% | 134% | 140% | 166% | -1,348% | 80% | 64% | 88% | -286% | 87% | 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 | 11 | 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 | -63 | -7 | -11 |
| Working Capital Days | -1,345 | -1,427 | -1,173 | -1,200 | -891 | -152 | -246 | -308 | -409 | -301 | -592 | -284 |
| ROCE % | 5% | 5% | 13% | 22% | 8% | 13% | 11% | 14% | 4% | 7% | 5% | 7% |
Insights
In beta| Jun 2017 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2025 | |
|---|---|---|---|---|---|
| Permanent Employee Strength Number ・Standalone data |
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| Leasable Area - Elpro International School Sq ft ・Standalone data |
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| Occupancy Rate - One Elpro Business Park % ・Standalone data |
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| Total Leasable Area - Elpro City Square Mall Sq ft ・Standalone data |
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| Total Leasable Area - One Elpro Business Park Sq ft ・Standalone data |
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| Market Value of Investment Portfolio INR Crore ・Standalone data |
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| Occupancy Rate - Elpro City Square Mall % ・Standalone data |
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| Wind Energy Generation KwH ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
14 May - Elpro International filed FY2026 annual secretarial compliance report; no non-compliances reported.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 May - Public Notice under Regulations 47 and 30 of the SEBI (LODR) Regulations, 2015, as amended.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
11 May - Postal ballot seeks approval for voluntary delisting at ₹181.80 per share; e-voting May 12-June 10, 2026.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015.
8 May - Board approved delisting proposal; floor price Rs158.07, fixed price Rs181.80 per share, subject to approvals.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, May 8, 2026
8 May - Board approved delisting proposal; floor price ₹158.07 and fixed price ₹181.80 per share, subject to approvals.
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
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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.