ECE Industries Ltd Stock Analysis

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

BSE Share Price
Not Listed

DeciZen - Make an Informed Decision on ECE Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

2. Valuation

Undervalued
P/E P/S EV/EBITDA

3. Price Trend

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.

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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 4.7%-0.1%0.4%0%-4.3%7.6%24.1%3.3%3.5%14.3%-
Value Creation Index -0.7-1.0-1.0-1.0-1.3-0.50.7-0.8-0.8NA-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 191136113179155261260253303375375
YoY Gr. Rt. %--28.7%-17%58.5%-13.2%67.8%-0.2%-2.8%20%23.6%-
Adj EPS 6-2.7-1.5-3-11.214.958.37.35.35645.9
YoY Gr. Rt. %--145.5%NANANANA291.1%-87.5%-27.1%956.6%-
BVPS (₹) 180.1182.4182.5183.4182293.9376.8365.1337.8390.2183.4
Adj Net Profit 4.7-2.1-1.2-2.3-8.710.942.55.33.940.833
Cash Flow from Ops. 3312.95.86.5-13.123.514.7-4.21.2-12.6-
Debt/CF from Ops. 0.2000-1.212.7-11.978.9-6.5-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 7.8%19.3%13%23.6%
Adj EPS 28.2%NA-1.3%956.6%
BVPS 916.51.215.5
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 3.2-1.5-0.8-1.6-6.16.117.421.515.416
Op. Profit Mgn % 0.5-0.4-5.6-4.5-10.5-4.30.7-2.90.33.5-0.2
Net Profit Mgn % 2.5-1.5-1-1.3-5.64.216.32.11.310.98.9
Debt to Equity 0.10000.10.10.20.20.40.3-
Working Cap Days 3063563131892351562222982912710
Cash Conv. Cycle 1381311316280628710790860

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 (₹) 45.9 46
TTM Sales (₹ Cr.) 375 379
BVPS (₹.) 183.4 0
Reserves (₹ Cr.) 134 -
P/BV 1.26 0.00
PE 5.05 5.04
From the Market
52 Week Low / High (₹) 140.00 / 150.30
All Time Low / High (₹) 19.32 / 705.74
Market Cap (₹ Cr.) 169
Equity (₹ Cr.) 7.3
Face Value (₹) 10
Industry PE 65.5

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 (%)

Event Update

Analyst's Notes

News

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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