ECE Industries Ltd - Stock Valuation and Financial Performance

BSE: 532491 | NSE: ECEIND | Electric Equipment | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on ECE Inds

M-Cap below 100cr DeciZen not available

ECE Industries stock performance -

mw4me loader
P/E Ratio (SA):
2.13
Market Cap:
102 Cr.
52-wk low:
140
52-wk high:
150.3

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of ECE Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of ECE Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0.4%0%-4.3%7.6%24.1%3.3%3.5%14.3%12.4%10.3%-
Value Creation
Index
-1.0-1.0-1.3-0.50.7-0.8-0.80.0-0.1-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 113179155261260253303375404582404
Sales YoY Gr.-58.5%-13.2%67.8%-0.2%-2.8%20%23.6%7.9%44.1%-
Adj EPS -1.5-3-11.214.958.37.35.3566466.765.7
YoY Gr.-NANANA291.1%-87.5%-27.1%956.6%14.2%4.2%-
BVPS (₹) 182.5183.4182293.9376.8365.1337.8390.2490.7645193.8
Adj Net
Profit
-1.2-2.3-8.710.942.55.33.940.84333.648
Cash Flow from Ops. 5.86.5-13.123.514.7-4.21.2-12.6-37.1-2.8-
Debt/CF from Ops. 00-1.212.7-11.978.9-6.5-3-33.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20%17.5%24.3%44.1%
Adj EPS NA2.7%132.6%4.2%
BVPS15.1%11.4%24.1%31.5%
Share Price - 2.6% - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-0.8-1.6-6.16.117.421.515.41410.315.7
Op. Profit
Mgn %
-5.6-4.5-10.5-4.30.7-2.90.33.56.96-0.2
Net Profit
Mgn %
-1-1.3-5.64.216.32.11.310.910.65.811.8
Debt to
Equity
000.10.10.20.20.40.30.30.3-
Working Cap
Days
313189235156222298291271289236109
Cash Conv.
Cycle
131628062871079087120112-15

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - ECE Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 65.7 46
TTM Sales (₹ Cr.) 404 379
BVPS (₹.) 193.8 10
Reserves (₹ Cr.) 134 -
P/BV 0.72 23.19
PE 2.13 5.04
From the Market
52 Week Low / High (₹) 140.00 / 150.30
All Time Low / High (₹) 19.32 / 705.74
Market Cap (₹ Cr.) 102
Equity (₹ Cr.) 7.3
Face Value (₹) 10
Industry PE 77.1

Management X-Ray of ECE Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of ECE Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales112.84178.83155.30260.59260.03252.71303.21374.82404.30582.45
Operating Expenses 119.13186.84172.35271.79258.34259.93323.36372.19376.30551.08
Manufacturing Costs12.7715.1016.4620.8222.3517.6819.1217.2121.1430.20
Material Costs80.45140.24115.83200.15188.02190.38227.25289.89297.30444.48
Employee Cost 14.3717.4420.7425.5127.6130.5731.2426.5333.6338.86
Other Costs 11.5414.0619.3125.3020.3521.3045.7538.5624.2337.54
Operating Profit -6.29-8.01-17.05-11.201.69-7.22-20.152.642831.37
Operating Profit Margin (%) -5.6%-4.5%-11.0%-4.3%0.6%-2.9%-6.6%0.7%6.9%5.4%
Other Income 10.569.9413.7323.7285.2119.4419.6656.6744.8522.68
Interest 2.413.333.165.7734.227.1110.9813.8810.3215.06
Depreciation 2.362.642.162.131.771.691.852.863.684.01
Exceptional Items 0.754.528.0322.5211.69-8.810009.48
Profit Before Tax 0.260.48-0.6027.1562.60-5.38-13.3242.5758.8544.47
Tax 0.08-0.510.500.246.32-4.52-3.189.09116.84
Profit After Tax 0.180.99-1.1026.9156.28-0.87-10.1333.4947.8537.62
PAT Margin (%) 0.2%0.6%-0.7%10.3%21.6%-0.3%-3.3%8.9%11.8%6.5%
Adjusted EPS (₹)0.21.3-1.436.977.2-1.2-13.945.971.274.6
Dividend Payout Ratio (%)43%8%0%0%3%-210%-7%9%6%7%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 141.02141.71140.61214.20274.63266.13246.19284.37330.44325.24
Share Capital 7.737.737.737.297.297.297.297.297.295.04
Reserves 133.29133.98132.89206.91267.34258.84238.90277.08323.15320.20
Minority Interest0000000000
Debt00.1416.2222.5740.0649.1695.1381.35112.3691.62
Long Term Debt00.040.090.020.040.370.280.180.171.82
Short Term Debt00.1016.1222.5640.0248.7994.8681.16112.1989.80
Trade Payables37.1448.0648.2156.3961.4876.6098.04106.84113.82149.81
Others Liabilities 28.1732.6339.8064.1265.5668.2078.8177.7586.5099.79
Total Liabilities 206.33222.53244.83357.29441.73460.09518.18550.31643.12666.46

Fixed Assets

Gross Block45.9046.6743.8220.0720.0720.5231.9437.3244.3151.93
Accumulated Depreciation22.0224.8224.292.083.664.946.178.3311.8315.84
Net Fixed Assets23.8821.8519.5317.9916.4115.5825.7728.9932.4836.09
CWIP 0000.130.190.260.991.201.582.13
Investments 78.4190.57100.43202227.37221.39214.33217.83248.52195.10
Inventories29.7629.1439.2932.3928.7149.1574.0652.75102.45135.67
Trade Receivables48.5753.0459.4386.70106.20105.18105.59170.04184.98224.43
Cash Equivalents 5.326.947.356.965.072.3014.359.3414.3827.15
Others Assets20.3921.0118.8111.1257.7966.2283.1070.1558.7345.89
Total Assets 206.33222.53244.83357.29441.73460.09518.18550.31643.12666.46

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5.756.50-13.1023.4814.73-4.151.21-12.59-37.09-2.79
PBT 0.260.48-0.6027.1562.60-5.38-13.3242.5758.8544.47
Adjustment -2.80-6.92-15.54-17.86-27.842.2615.48-28.87-28.24-10.34
Changes in Working Capital 9.1813.463.4113.73-7.52-0.11.93-32.93-53.59-41.05
Tax Paid -0.89-0.53-0.360.47-12.51-0.92-2.896.64-14.114.14
Cash Flow From Investing Activity -3.29-2.7811.33-191.02-0.31-26.0430.4118.9079.56
Capex -0.62-2.6813.404.665.96-1.41-8.064.1429.5514.74
Net Investments -13.10-7.05-10.25-39.93-74.22-6.92-22.9517.36-17.9641.78
Others 10.436.958.1916.2769.288.014.978.917.3123.04
Cash Flow From Financing Activity -1.54-2.092.20-4.85-17.661.6836.22-25.8820.28-69.95
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1.26-2.16-1.97-3.69-32.90-5.29-7.32-10.34-6.89-8.95
Dividend Paid -0.23-0.08-0.090-2.19-2.20-2.19-0.71-2.89-2.07
Others -0.050.154.26-1.1617.449.1645.73-14.8330.06-58.94
Net Cash Flow 0.921.640.42-0.37-1.91-2.7811.38-8.062.106.82
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.130.7-0.7815.1723.03-0.32-3.9612.6215.5811.49
ROCE (%)1.892.691.7116.7235.110.55-0.7115.9617.113.84
Asset Turnover Ratio0.590.910.730.960.670.560.620.70.680.89
PAT to CFO Conversion(x)31.946.57N/A0.870.26N/AN/A-0.38-0.78-0.07
Working Capital Days
Receivable Days1629512092132153127134160128
Inventory Days86557345425674627075
Payable Days16411115295114132140129135108

ECE Industries Ltd Stock News

ECE Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ECE Inds on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of ECE Inds stood at ₹102.0.
The latest P/E ratio of ECE Inds as of 01-Jan-1970 05:30 is 2.13.
The latest P/B ratio of ECE Inds as of 01-Jan-1970 05:30 is 0.72.
The 52-week high of ECE Inds is ₹150.3 and the 52-week low is ₹140.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ECE Inds is ₹404.3 ( Cr.) .

About ECE Industries Ltd

ECE Industries was incorporated in 1945 in Calcutta by Birla Group having transformers plant at Sonpat and Haryana.The company is engaged in manufacturing of Transformers, Meters and Elevators.

The company was started during world war days and steadily emerged as a growing industrial enterprise in the electrical industry. Over the years it had built a commendable infrastructure and investment in technical know-how, research and development.

It's in house R&D is recognized by Department of Science and Technology, Govt. of India. ECE had achieved reorganization in designing, developing, marketing and maintaining transformers, switchgears and elevators. The company had earned the trust of State Electricity Boards, Government institutions and private bodies.ECE is equipped with state-of-art manufacturing facility with ISO 9001-2000 certification and BIS certification for its manufacturing plants. Its plants are powered by the most up to date and versatile engineering expertise, backed by highly dedicated work force.

ECE Sonpat plant is well equipped to manufacture power transformers up to 100MVA, 220KV Class having in house manufacturing facilities of core cutting, tank fabrication, radiator manufacturing, winding section, assembly section, panel assembling and fabrication and testing. More than 1200 nos. 33KV class, 66KV class and 180 nos. 132KV class power transformers are working in the plant and more than 84000 nos. of 11KV distribution transformers are working since 1967.

The company had two more plants one is in Hyderabad whish manufactures energy meters and power transformers another plant is in Ghaziabad where elevators are made.

ECE pioneered the Manufacture of first indigenous elevator in India more than 50 years back and maintained good number of elevators imported and installed from M/s. Schindler, Switzerland . ECE had technical collaboration and support from M/s. Schindler till early 1980s and thereafter also had technical know-how from Toshiba, Japan. ECE has installed about 14000 elevators in the Indian Subcontinent.

The Entire Product Range is well supported by qualified and trained workforce for Manufacturing, Engineering, Research & Development, Logistics, Field Service and Maintenance to ensure prompt delivery of Equipment Including Consumables and Spares Thereby Ensuring Customer Satisfaction

Product range of the company includes:Transformers

  • Switch gears-it manufacture mechanized quality gears that meet design of electrical substation and installation for effective management of power.
  • 12KV 800A to 20KA for 3 second medium voltage circuit breaker adapted indoor/ outdoor installation.
  • 12KV 630A to 20KA for 3 second SF6 load break switch medium voltage circuit breaker adapted indoor installation.
  • 36KV1250A to 25 KA for 3 second medium voltage circuit breaker adapted outdoor installation.

Meters

  • Single Phase Static Eneregy Meters
  • Three Phase Static Energy Meters
  • Tri-vector Meters
  • Single Phase Pre-Paid Meters
  • Energy Audit Meter

Elevators

ECE Manufactures Wide Range of passenger and goods elevators for Residential and Commercial Buildings, Multiplexes, Hospitals and Elevators for industrial usage. The Product Range Includes both manual as well as Automatic Door Elevators with various speeds. Machine Rooms Less Elevators are also available in our product line.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.