Check Before You Invest : Evans Electric Ltd

Q: Which industry/sub-sector does Evans Electric Ltd belong to?

Evans Electric Ltd belongs to the Miscellaneous sector, operating specifically within the Business Support segment.

Q: Is Evans Electric Ltd a good quality company?

Evans Electric Ltd is a quality company, based on a multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Evans Electric Ltd undervalued or overvalued?

Evans Electric Ltd appears Overvalued, as its key valuation ratios are higher than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 6.38, Historic Median: 16.20. Price to Book, Current: 1.84, Historic Median: 2.77. Price to Sales, Current: 1.9, Historic Median: 2.83. EV to EBITDA, Current: 4.51, Historic Median: 9.61

Q: Is Evans Electric Ltd a good buy now?

Evans Electric Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Evans Electric Ltd?

Evans Electric Ltd revenue growth is 23.3% for FY-2025, which is below its 5-year CAGR of 28.47%, indicating slower growth.

Q: Gross Profit margin of Evans Electric Ltd?

Evans Electric Ltd Gross profit margin which is the profit after deduction of direct costs, is 40.3% for FY-2025, which is above its 5-year median of 24%, indicating increasing margins.

Q: Operating Profit Margin of Evans Electric Ltd?

Evans Electric Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 37.52% for FY-2025, which is above its 5-year median of 22.53% indicating increasing margins.

Q: Net Profit Margin of Evans Electric Ltd?

Evans Electric Ltd Net Profit Margin is 29.73% for FY-2025, is above its 5-year median of 19.15%, indicating increasing margins. Profitability Metrics. Gross Profit Margin (%), Current: 40.3, Historic Median: 24. Operating Profit Margin (%), Current: 37.52, Historic Median: 22.53. Net Profit Margin (%), Current: 29.73, Historic Median: 19.15

Q: Return on Asset of Evans Electric Ltd?

Evans Electric Ltd Return on Asset is 25.42%, which is above its 5-year historical median of 24.05%, indicating improved asset utilization efficiency.

Q: Return on capital employed (ROCE) of Evans Electric Ltd?

Evans Electric Ltd Return on capital employed is 44.92% for FY-2025, which is above its 5-year historical median of 35.33%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Check Before You Invest : Evans Electric Ltd

BSE: 542668 NSE: ISIN: INE06TD01010

| Sector: Miscellaneous | Industry: Business Support

Snapshot

Q.1 Which industry/sub-sector does Evans Electric Ltd belong to?

Evans Electric Ltd belongs to the Miscellaneous sector, operating specifically within the Business Support segment.

Q.2 Is Evans Electric Ltd a good quality company?

Evans Electric Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Evans Electric Ltd undervalued or overvalued?

Evans Electric Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	6.38	16.20
Price to Book	1.84	2.77
Price to Sales	1.9	2.83
EV to EBITDA	4.51	9.61

Q.4 Is Evans Electric Ltd a good buy now?

Evans Electric Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Evans Electric Ltd?

Evans Electric Ltd revenue growth is 23.3% for FY-2025, which is below its 5-year CAGR of 28.47%, indicating slower growth.

Q.2 Gross Profit margin of Evans Electric Ltd?

Evans Electric Ltd Gross profit margin which is the profit after deduction of direct costs, is 40.3% for FY-2025, which is above its 5-year median of 24%, indicating increasing margins.

Q.3 Operating Profit Margin of Evans Electric Ltd?

Evans Electric Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 37.52% for FY-2025, which is above its 5-year median of 22.53% indicating increasing margins.

Q.4 Net Profit Margin of Evans Electric Ltd?

Evans Electric Ltd Net Profit Margin is 29.73% for FY-2025, is above its 5-year median of 19.15%, indicating increasing margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	40.3	24
Operating Profit Margin (%)	37.52	22.53
Net Profit Margin (%)	29.73	19.15

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Evans Electric Ltd?

Evans Electric Ltd Return on Asset is 25.42%, which is above its 5-year historical median of 24.05%, indicating improved asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Evans Electric Ltd?

Evans Electric Ltd Return on capital employed is 44.92% for FY-2025, which is above its 5-year historical median of 35.33%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Q.7 Return on Equity (ROE) of Evans Electric Ltd?

Evans Electric Ltd Return on equity is 33.11% for FY-2025, which is above its 5-year historical median of 27.56%, indicating the business is making better use of its shareholders capital.

Q.8 Cash conversion cycle of Evans Electric Ltd?

Evans Electric Ltd Cash conversion cycle is 50 days, in line with its 5-year historical median of 50 days, indicating stable working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	0.86	0.86
ROE (%)	33.11	27.56
ROCE (%)	44.92	35.33
Cash Conversion Cycle	50 days	50 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Evans Electric Ltd?

Evans Electric Ltd Debt-to-Equity ratio is 0.00, which is lower the industry average of 0.06, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Evans Electric Ltd?

Evans Electric Ltd Debt to cash flow from operations is 0, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Evans Electric Ltd?

Q.1 Promoter shareholding and pledge status of Evans Electric Ltd?

Promoters hold 59.44% of the Evans Electric Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Evans Electric Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Evans Electric Ltd vs industry peers?

Evans Electric Ltd revenue CAGR is 28.47%, compared to the industry median CAGR of 0.18%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	23.3	0.2
Gross Profit Growth (%)	54.7	13.2
Operating Profit Growth (%)	48.9	14.9
Net Profit Growth (%)	49.3	18.8

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	0.86	0.31
ROE (%)	33.11	4.3
ROCE (%)	44.92	9.42
Cash Conversion Cycle (days)	50.09	46

Valuation & price assessment

Q.1 Stock return of Evans Electric Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of 4.33% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	-	4.3%	12.9%	-42.1%

Q.2 Valuation ratios of Evans Electric Ltd vs historical?

The current P/E ratio of 6.38 is lower than its historical median of 16.20, indicating that the stock is trading below its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	6.38	16.20	26.13
Price to Book	1.84	2.77	2.37
Price to Sales	1.9	2.83	5.96
EV to EBITDA	4.51	9.61	11.62

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Check Before You Invest : Evans Electric Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

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