Electro Force (India) Ltd

Electro Force Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Electro Force (India) Ltd

₹ 56.0 2.09%
15 Jan 9:29 a.m.
Company website NSE - SME: EFORCE
About

Incorporated in 2010, Electro Force (India) Limited designs and manufactures electrical components and metal/plastic contact parts for India's electronics, lighting, switchgear, and allied industries.[1]

Key Points

Business Profile[1] Electro Force designs and manufactures stamping components and plastic components by metal stamping, injection molding and insert molding for electrical MCBs (Miniature Circuit Breakers), 63A electrical manual transfer switches, electrical MCCBs & RCBs, brushless DC motors for medical devices/aerospace/defense and automation, electrical motor starters, Electrical Control Gears, and electrical switches.

Website NSE - SM
  • Market Cap ₹ 131 Cr.
  • Current Price ₹ 56.0
  • High / Low ₹ 152 / 52.5
  • Stock P/E
  • Book Value ₹ 30.0
  • Dividend Yield 0.00 %
  • ROCE 18.9 %
  • ROE 13.0 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.2%
  • Debtor days have improved from 54.9 to 42.2 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.44%
  • Working capital days have increased from 289 days to 649 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Half Yearly Results

Figures in Rs. Crores

Mar 2023 Sep 2023 Mar 2024 Sep 2024
17.94 23.10 13.33 15.58
11.28 13.31 14.69 15.17
Operating Profit 6.66 9.79 -1.36 0.41
OPM % 37.12% 42.38% -10.20% 2.63%
0.04 0.04 0.10 0.01
Interest 0.00 0.01 0.02 0.01
Depreciation 0.35 0.32 0.33 0.27
Profit before tax 6.35 9.50 -1.61 0.14
Tax % 29.61% 25.16% -16.15% 28.57%
4.47 7.11 -1.36 0.10
EPS in Rs 2.57 4.09 -0.58 0.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
14.49 15.69 34.40 30.25 36.44 28.91
14.81 17.24 23.00 18.55 27.55 29.86
Operating Profit -0.32 -1.55 11.40 11.70 8.89 -0.95
OPM % -2.21% -9.88% 33.14% 38.68% 24.40% -3.29%
1.69 0.13 0.04 0.04 0.14 0.11
Interest 0.08 0.06 0.01 0.36 0.49 0.03
Depreciation 0.98 0.79 0.84 0.70 0.66 0.60
Profit before tax 0.31 -2.27 10.59 10.68 7.88 -1.47
Tax % 0.00% -1.32% 18.41% 27.72% 27.16%
0.31 -2.24 8.64 7.72 5.75 -1.26
EPS in Rs 0.62 -4.48 17.28 4.44 2.46 -0.54
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 32%
TTM: -30%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 66%
TTM: -111%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -54%
Return on Equity
10 Years: %
5 Years: %
3 Years: 34%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
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 46.90
5.37 5.87 8.78 0.00 0.00 0.00
7.02 9.62 28.69 53.97 15.45 13.43
Total Liabilities 16.45 17.20 47.83 72.32 85.65 83.73
4.44 7.37 3.41 3.08 2.81 2.57
CWIP 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
12.01 9.83 44.42 69.24 82.84 81.16
Total Assets 16.45 17.20 47.83 72.32 85.65 83.73

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4.32 3.03 3.59 -0.23 -44.79
-0.65 -3.67 3.16 -0.33 -1.06
-3.37 0.43 2.90 -8.78 46.06
Net Cash Flow 0.30 -0.21 9.65 -9.35 0.21

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 100.76 130.04 42.02 80.48 42.17
Inventory Days 162.68 52.04 37.10 297.34 160.80
Days Payable 70.08 98.82 78.57 91.31 64.03
Cash Conversion Cycle 193.36 83.26 0.55 286.51 138.95
Working Capital Days 100.26 -12.10 52.31 166.39 649.47
ROCE % -25.98% 79.34% 58.90% 18.90%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Sep 2024
62.93% 62.93% 62.49%
0.00% 0.03% 0.03%
37.07% 37.04% 37.48%
No. of Shareholders 3,8724,0903,715

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports