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ECE Industries Ltd (ECEIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532491 NSE: ECEIND Electric Equipment | Small Cap | ECE Inds Share Price

BSE Share Price
Not Listed

ECE Industries Ltd (ECEIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532491 NSE: ECEIND Electric Equipment | Small Cap | ECE Inds Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹102 Cr.
Current Price
₹0
52-Week Low / High
₹140 / 150
TTM EPS
₹65.7
TTM Sales
₹404 Cr.
Book Value per Share
₹193.8
P/E Ratio
2.13
Industry PE
53.7
Price to Book (P/B)
0.72
Price to Sales (P/S)
0.25
EV/EBITDA
2.75
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
16.31%
Return on Capital Employed (ROCE)
19.52%
Return on Assets (ROA)
7.47%
Operating Profit Margin
7.3%
Net Profit Margin
6.78%
Gross Profit Margin
9.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
21.96%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
67%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
165.32%
Asset Quality
Promoter Holding
90.23%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹134 Cr.
Equity
₹7.3 Cr.
Face Value
₹10
All Time Low / High
₹19.32 / 705.74

ECE Industries stock performance

Key Ratios
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10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.7%16.7%35.1%0.6%-0.7%16%17.1%13.8%13.5%19.5%-
Value Creation
Index
-0.90.21.5-1.0-1.10.10.20.00.00.4-

Growth Parameters

Sales 155261260253303375404582714871404
Sales YoY Gr.-67.8%-0.2%-2.8%20%23.6%7.9%44.1%22.6%22%-
Adj EPS -11.214.958.37.35.3566466.758.8157.365.7
YoY Gr.-NA291.1%-87.5%-27.1%956.6%14.2%4.2%-11.9%167.8%-
BVPS (₹) 182293.9376.8365.1337.8390.2490.7645863.91,051.6193.8
Adj Net
Profit
-8.710.942.55.33.940.84333.622.259.548
Cash Flow from Ops. -13.123.514.7-4.21.2-12.6-37.1-2.817.945-
Debt/CF from Ops. -1.212.7-11.978.9-6.5-3-33.14.52.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 21.1%23.5%29.2%22%
Adj EPS NA97%35%167.8%
BVPS21.5%25.5%28.9%21.7%
Share Price - - - -

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-6.16.117.421.515.41410.36.816.410.5
Op. Profit
Mgn %
-10.5-4.30.7-2.90.33.56.965.37.3-0.2
Net Profit
Mgn %
-5.64.216.32.11.310.910.65.83.16.811.8
Debt to
Equity
0.10.10.20.20.40.30.30.30.30.3-
Working Cap
Days
235156222298291271289236223205109
Cash Conv.
Cycle
8062871079087120112111105-15

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales155.30260.59260.03252.71303.21374.82404.30582.45714.10870.94
Operating Expenses + 172.35271.79258.34259.93323.36372.19376.30551.08676.22807.68
Manufacturing Costs16.4620.8222.3517.6819.1217.2121.1430.1954.4152.80
Material Costs115.83200.15188.02190.38227.25289.89297.30444.48532.04641.88
Employee Cost 20.7425.5127.6130.5731.2426.5333.6338.8646.5657.99
Other Costs 19.3125.3020.3521.3045.7538.5624.2337.5543.2155.01
Operating Profit -17.05-11.201.69-7.22-20.152.642831.3737.8863.26
Operating Profit Margin (%) -11.0%-4.3%0.6%-2.9%-6.6%0.7%6.9%5.4%5.3%7.3%
Other Income + 13.7323.7285.2119.4419.6656.6744.8522.6822.6131.79
Exceptional Items 8.0322.5211.69-8.810009.4800
Interest 3.165.7734.227.1110.9813.8810.3215.0613.6913.89
Depreciation 2.162.131.771.691.852.863.684.014.705.23
Profit Before Tax -0.6027.1562.60-5.38-13.3242.5758.8544.4742.1075.91
Tax 0.500.246.32-4.52-3.189.09116.8419.8516.85
Profit After Tax -1.1026.9156.28-0.87-10.1333.4947.8537.6222.2659.06
PAT Margin (%) -0.7%10.3%21.6%-0.3%-3.3%8.9%11.8%6.5%3.1%6.8%
Adjusted EPS (₹)-1.436.977.2-1.2-13.945.971.274.658.9156.2
Dividend Payout Ratio (%)0%0%3.20%-210.40%-7.20%8.70%5.60%6.70%25.50%9.60%

Valuation of ECE Inds - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 140.61214.20274.63266.13246.19284.37330.44325.24326.72397.69
Share Capital 7.737.297.297.297.297.297.295.043.783.78
Reserves 132.89206.91267.34258.84238.90277.08323.15320.20322.94393.90
Debt +16.2222.5740.0649.1695.1381.35112.3691.6279.57113.93
Long Term Debt0.090.020.040.370.280.180.171.8238.6083.44
Short Term Debt16.1222.5640.0248.7994.8681.16112.1989.8040.9730.49
Minority Interest0000000000
Trade Payables48.2156.3961.4876.6098.04106.84113.82149.81184.70201.20
Others Liabilities 39.8064.1265.5668.2078.8177.7586.5099.79128.15149.71
Total Liabilities 244.83357.29441.73460.09518.18550.31643.12666.46719.14862.53

Fixed Assets

Net Fixed Assets +19.5317.9916.4115.5825.7728.9932.4835.3842.8048.63
Gross Block43.8220.0720.0720.5231.9437.3244.3151.2362.9473.52
Accumulated Depreciation24.292.083.664.946.178.3311.8315.8420.1424.89
CWIP 00.130.190.260.991.201.582.841.2445.70
Investments 100.43202227.37221.39214.33217.83248.52195.10186.20213.76
Inventories39.2932.3928.7149.1574.0652.75102.45135.67142.15128.85
Trade Receivables59.4386.70106.20105.18105.59170.04184.98224.43295.80362.48
Cash Equivalents 7.356.965.072.3014.359.3414.3827.6420.0543.55
Others Assets 18.8111.1257.7966.2283.1070.1558.7345.3930.9019.56
Total Assets 244.83357.29441.73460.09518.18550.31643.12666.46719.14862.53

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -13.1023.4814.73-4.151.21-12.59-37.09-2.7917.9244.95
PBT -0.6027.1562.60-5.38-13.3242.5758.8544.4742.1075.91
Adjustment -15.54-17.86-27.842.2615.48-28.87-28.24-10.34-4.39-9.76
Changes in Working Capital 3.4113.73-7.52-0.11.93-32.93-53.59-41.05-23.69-14.38
Tax Paid -0.360.47-12.51-0.92-2.896.64-14.114.143.89-6.82
Cash Flow From Investing Activity + 11.33-191.02-0.31-26.0430.4118.9079.5827.14-37.11
Capex 13.404.665.96-1.41-8.064.1429.5514.74-10.90-59.44
Net Investments -10.25-39.93-74.22-6.92-22.9517.36-17.9641.7829.387.73
Others 8.1916.2769.288.014.978.917.3123.068.6614.61
Cash Flow From Financing Activity + 2.20-4.85-17.661.6836.22-25.8820.28-69.95-50.4420.52
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000036.7744.85
Interest Paid -1.97-3.69-32.90-5.29-7.32-10.34-6.89-8.95-9.11-8
Dividend Paid -0.090-2.19-2.20-2.19-0.71-2.89-2.07-1.89-5.67
Others 4.26-1.1617.449.1645.73-14.8330.06-58.93-76.22-10.65
Net Cash Flow 0.42-0.37-1.91-2.7811.38-8.062.106.84-5.3828.36

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-0.7815.1723.03-0.32-3.9612.6215.5811.496.8316.31
ROCE (%)1.7116.7235.110.55-0.7115.9617.113.8413.5319.52
Asset Turnover Ratio0.730.960.670.560.620.70.680.891.031.1
PAT to CFO Conversion(x)N/A0.870.26N/AN/A-0.38-0.78-0.070.810.76
Working Capital Days
Receivable Days119.6092132.40152.60126.90134.20160.30128.30133137.90
Inventory Days72.8045.104256.2074.2061.7070.1074.607156.80
Payable Days151.7095.40114.40132.40140.30129135.50108.20114.80109.70

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

ECE Industries Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of ECE Inds stood at ₹102.0 Cr

The latest P/E ratio of ECE Inds as of 31-Dec-1969 is 2.13.

The latest P/B ratio of ECE Inds as of 31-Dec-1969 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 ( Cr.) .

Data is not available for this company.

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

No data found

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.

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