Evans Electric Ltd

Evans Electric Ltd

₹ 290 1.77%
24 Jul - close price
About

Incorporated in 1951, Evans Electric Ltd is a Electro-Mechanical Repair and Rewind Service company

Key Points

Business Overview:[1]
Company provides advancing repair, refurbishment and support services to Power Generation, Distribution, Manufacturing and Process industries, and all types of Electro-Mechanical equipment used in Industries. Company provides import substitution on costly foreign made Apparatus and also does in-house development and manufacture of costly replacement components

  • Market Cap 79.6 Cr.
  • Current Price 290
  • High / Low 401 / 102
  • Stock P/E 15.7
  • Book Value 71.1
  • Dividend Yield 0.69 %
  • ROCE 44.4 %
  • ROE 33.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 33.4% CAGR over last 5 years
  • Company's working capital requirements have reduced from 65.2 days to 14.5 days

Cons

* 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

Sector: Miscellaneous Industry: Miscellaneous

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Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
3.61 3.62 3.66 3.84 5.70 3.31 4.04 14.18 4.95 9.17 11.50
3.15 2.16 3.56 4.55 4.02 2.77 3.37 11.05 3.76 4.82 9.44
Operating Profit 0.46 1.46 0.10 -0.71 1.68 0.54 0.67 3.13 1.19 4.35 2.06
OPM % 12.74% 40.33% 2.73% -18.49% 29.47% 16.31% 16.58% 22.07% 24.04% 47.44% 17.91%
0.33 0.17 0.00 0.12 0.12 0.07 0.24 0.61 0.08 0.18 0.30
Interest 0.03 0.04 0.02 0.07 0.06 0.03 0.11 0.05 0.03 0.18 0.07
Depreciation 0.21 0.16 0.17 0.06 0.17 0.09 0.09 0.09 0.09 0.11 0.12
Profit before tax 0.55 1.43 -0.09 -0.72 1.57 0.49 0.71 3.60 1.15 4.24 2.17
Tax % 20.00% 30.07% 33.33% -26.39% 29.30% 24.49% 36.62% 24.17% 18.26% 23.82% 14.75%
0.44 1.01 -0.13 -0.53 1.11 0.38 0.45 2.73 0.94 3.22 1.85
EPS in Rs 2.20 3.74 -0.48 -1.96 4.11 1.41 1.67 10.11 3.43 11.73 6.74
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6.78 4.56 4.72 5.03 10.60 5.61 6.65 7.28 9.53 7.34 19.13 20.67
5.63 3.90 4.14 4.25 6.93 4.77 4.99 5.71 8.57 6.12 14.49 14.26
Operating Profit 1.15 0.66 0.58 0.78 3.67 0.84 1.66 1.57 0.96 1.22 4.64 6.41
OPM % 16.96% 14.47% 12.29% 15.51% 34.62% 14.97% 24.96% 21.57% 10.07% 16.62% 24.26% 31.01%
0.12 0.07 0.10 0.09 0.11 0.23 0.38 0.32 0.24 0.30 0.37 0.48
Interest 0.00 0.04 0.01 0.03 0.03 0.03 0.04 0.06 0.12 0.14 0.08 0.25
Depreciation 0.27 0.32 0.32 0.26 0.31 0.37 0.27 0.33 0.23 0.17 0.19 0.24
Profit before tax 1.00 0.37 0.35 0.58 3.44 0.67 1.73 1.50 0.85 1.21 4.74 6.40
Tax % 31.00% 32.43% 34.29% 31.03% 31.40% 28.36% 29.48% 31.33% 31.76% 31.40% 22.78% 20.78%
0.69 0.26 0.22 0.41 2.37 0.47 1.21 1.03 0.58 0.82 3.66 5.07
EPS in Rs 69.00 26.00 22.00 41.00 237.00 47.00 6.05 3.81 2.15 3.04 13.34 18.48
Dividend Payout % 7.25% 15.38% 18.18% 9.76% 4.22% 10.64% 18.18% 39.90% 28.34% 33.41% 14.97% 0.00%
Compounded Sales Growth
10 Years: 16%
5 Years: 25%
3 Years: 29%
TTM: 8%
Compounded Profit Growth
10 Years: 35%
5 Years: 33%
3 Years: 110%
TTM: 46%
Stock Price CAGR
10 Years: %
5 Years: 23%
3 Years: 91%
1 Year: 169%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 24%
Last Year: 34%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.50 0.50 0.50 0.50 0.50 0.50 1.00 1.37 1.37 1.37 2.74 2.74
Reserves 3.38 3.59 3.56 3.93 6.17 6.48 7.19 9.26 9.56 10.22 12.24 16.76
0.00 0.44 0.00 0.06 0.48 0.00 0.00 0.16 0.11 0.72 0.00 0.40
1.38 1.67 1.32 1.11 2.34 1.32 1.19 1.40 1.66 1.30 1.92 4.78
Total Liabilities 5.26 6.20 5.38 5.60 9.49 8.30 9.38 12.19 12.70 13.61 16.90 24.68
2.60 2.93 2.54 2.30 2.59 2.29 2.07 2.04 1.83 1.66 1.89 1.76
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.98 2.73 3.36 4.69 9.51 11.89
2.66 3.27 2.84 3.30 6.90 6.01 6.33 7.42 7.51 7.26 5.50 11.03
Total Assets 5.26 6.20 5.38 5.60 9.49 8.30 9.38 12.19 12.70 13.61 16.90 24.68

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 -0.04 1.44 -0.35 2.64 0.98 0.38 -0.29 -0.19 1.06 6.31 3.57
0.00 -0.59 -0.09 0.05 -0.53 0.13 -0.65 -1.80 -0.46 -1.20 -5.26 -1.12
0.00 -0.03 -0.10 0.00 0.29 -0.50 -0.02 1.54 -0.34 0.43 -1.01 -0.56
Net Cash Flow 0.00 -0.66 1.25 -0.30 2.40 0.60 -0.29 -0.55 -0.99 0.29 0.04 1.89

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 64.06 150.48 61.09 116.83 52.34 57.25 56.53 60.16 91.92 48.73 10.68
Inventory Days 57.74 56.70 69.27 64.32 111.28 150.29 376.90 58.70 237.25 29.47
Days Payable 309.32 219.71 266.42 181.00 231.46 131.51 230.11 66.17 133.83 51.39
Cash Conversion Cycle 64.06 -101.10 -101.92 -80.32 -64.34 -62.93 75.32 206.96 84.45 152.15 -11.23
Working Capital Days 21.00 75.24 2.32 58.78 35.12 31.23 69.16 134.37 136.35 165.59 15.65
ROCE % 28.09% 9.75% 8.38% 14.27% 59.62% 10.33% 23.20% 16.12% 8.52% 10.88% 33.57%

Shareholding Pattern

Numbers in percentages

Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
58.31% 59.40% 59.44% 59.44% 59.44% 59.44% 59.44% 59.44% 59.44% 59.44%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.44%
41.69% 40.60% 40.56% 40.56% 40.56% 40.56% 40.56% 40.56% 40.56% 40.13%
No. of Shareholders 73767878200248255333333362

* 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.

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