MV Electrosystems Ltd
Incorporated in 2009, MV Electrosystems
Ltd. is engaged in engaged in the design, development, assembly and manufacturing
of electrical & power electronics equipment.[1]
- Market Cap ₹ 2,151 Cr.
- Current Price ₹ 789
- High / Low ₹ 1,018 / 510
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -15.1 %
- ROE -31.4 %
- Face Value ₹ 5.00
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -15.2% over last 3 years.
- Working capital days have increased from 89.9 days to 230 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 Industrial Manufacturing Industrial Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 68 | 50 | 63 | 49 | |
| 62 | 44 | 55 | 59 | |
| Operating Profit | 6 | 6 | 7 | -10 |
| OPM % | 9% | 12% | 12% | -20% |
| 0 | 1 | 2 | 0 | |
| Interest | 2 | 3 | 4 | 4 |
| Depreciation | 3 | 3 | 3 | 3 |
| Profit before tax | 2 | 1 | 3 | -17 |
| Tax % | 32% | 45% | 45% | -25% |
| 1 | 1 | 1 | -13 | |
| EPS in Rs | 14.88 | 0.31 | 0.77 | -6.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| TTM: | -21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -1248% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -15% |
| Last Year: | -31% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.23 | 7 | 9 | 10 |
| Reserves | 12 | 9 | 9 | 52 |
| 21 | 33 | 32 | 55 | |
| 11 | 16 | 24 | 28 | |
| Total Liabilities | 45 | 66 | 74 | 146 |
| 14 | 24 | 23 | 37 | |
| CWIP | 4 | 1 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 |
| 27 | 40 | 51 | 106 | |
| Total Assets | 45 | 66 | 74 | 146 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 3 | -5 | 5 | -58 | |
| -10 | -4 | -1 | -18 | |
| 8 | 7 | -4 | 76 | |
| Net Cash Flow | 1 | -2 | -0 | 0 |
| Free Cash Flow | -7 | -9 | 3 | -76 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 60% | -76% | 78% | 577% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 44 | 92 | 85 | 77 |
| Inventory Days | 111 | 351 | 321 | 731 |
| Days Payable | 69 | 178 | 187 | 238 |
| Cash Conversion Cycle | 85 | 265 | 219 | 571 |
| Working Capital Days | -11 | 22 | 18 | 230 |
| ROCE % | 10% | 12% | -15% |
Documents
Announcements
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter ended September 30, 2026; all holdings remain electronic.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- MV Electrosystems held its 17th AGM on September 29, 2026 via VC/OAVM; voting results pending.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Concalls
-
Sep 2026Transcript PPT REC
Business Profile:[1]
MV Electrosystems is a technology-driven
railway equipment manufacturer engaged
in the design, development, assembly,
and manufacturing of electrical and
power electronics equipment used
in railway rolling stock.
The company specializes in IGBT-
based 3-phase propulsion systems
for electric locomotives along with
switchgear panels, vehicle control
systems, cable protection products,
and other railway electrical sub-
systems.