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MV Electrosystems Ltd (MVELECTRO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544851 NSE: MVELECTRO Electric Equipment | Small Cap | MV Electrosystems Share Price
₹615.60 31.45 (5.38%)
As on 13-Aug'26 16:59
MV Electrosystems Ltd (MVELECTRO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544851 NSE: MVELECTRO Electric Equipment | Small Cap | MV Electrosystems Share Price
₹615.60 31.45 (5.38%)
As on 13-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,680 Cr.
Current Price
₹615.6
52-Week Low / High
₹519 / 687
TTM EPS
₹-4.6
TTM Sales
₹49.4 Cr.
Book Value per Share
₹129.2
P/E Ratio
0.00
Industry PE
56.1
Price to Book (P/B)
4.76
In line with its 5-year historical median
Price to Sales (P/S)
33.98
In line with its 5-year historical median
EV/EBITDA
-186.08
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-31.38%
Return on Capital Employed (ROCE)
-16.04%
Return on Assets (ROA)
-11.76%
Operating Profit Margin
-19.5%
Net Profit Margin
-25.55%
Gross Profit Margin
-27.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-21.09%
Operating Profit Growth (1 Year)
-
-230.01%
Net Profit Growth (1 Year)
-
-1002.14%
Asset Quality
Promoter Holding
57.68%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹339 Cr.
Equity
₹13.6 Cr.
Face Value
₹5
All Time Low / High
₹518.95 / 686.65
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is MV Electrosystems Ltd a good quality company?
MV Electrosystems Ltd is a weak quality company, based on a inconsistent 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.
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.
How does MV Electrosystems Ltd performance compare with that of its Peers?
Revenue growth of MV Electrosystems Ltd vs industry peers?
MV Electrosystems Ltd revenue CAGR is -10.12%, compared to the industry median CAGR of 27.31%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of MV Electrosystems Ltd?
Promoters hold 57.68% of the MV Electrosystems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of MV Electrosystems Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
MV Electrosystems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 10.9% | 10% | 13.7% | -16% | - |
| Value Creation Index ⓘ | -0.2 | -0.3 | 0.0 | -2.2 | - |
Growth Parameters ⓘ |
|||||
| Sales ⓘ | 68.1 | 50 | 62.6 | 49.4 | 49 |
| Sales YoY Gr. | - | -26.6% | 25.4% | -21.1% | - |
| Adj EPS ⓘ | 0.7 | 0.3 | 0.7 | -6.2 | -4.6 |
| YoY Gr. | - | -47.7% | 102.9% | -997.1% | - |
| BVPS (₹) ⓘ | 7 | 9.1 | 9.8 | 30.6 | 129.2 |
| Adj Net Profit ⓘ | 1.2 | 0.6 | 1.3 | -12.7 | -13 |
| Cash Flow from Ops. ⓘ | 3.4 | -5.2 | 5 | -57.6 | - |
| Debt/CF from Ops. ⓘ | 6.2 | -5.3 | 5.5 | -0.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | -10.1% | -21.1% | ||||
| Adj EPS ⓘ | NA | NA | -312% | -997.1% | ||||
| BVPSⓘ | NA | NA | 63.9% | 212% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.3 | 4.2 | 7.3 | -31.5 | -5.8 |
| Op. Profit Mgn % ⓘ | 9.1 | 12.4 | 11.9 | -19.5 | NAN |
| Net Profit Mgn % ⓘ | 1.7 | 1.2 | 2 | -25.6 | -25.6 |
| Debt to Equity ⓘ | 1.7 | 1.7 | 1.5 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 234 | 262 | 561 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 128 | 142 | 334 | 0 |
Valuation of MV Electrosystems - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Sales | 68 | 50 | 63 | 49 |
| Operating Expenses ⓘ + | 62 | 44 | 55 | 59 |
| Operating Profit ⓘ | 6 | 6 | 7 | -10 |
| Operating Profit Margin (%) | 9.1% | 12.4% | 11.9% | -19.5% |
| Other Income ⓘ + | 0 | 1 | 2 | 0 |
| Interest ⓘ | 2 | 3 | 4 | 4 |
| Depreciation ⓘ | 3 | 3 | 3 | 3 |
| Profit Before Tax ⓘ | 2 | 1 | 3 | -17 |
| Tax ⓘ | 1 | 0 | 1 | -4 |
| Profit After Tax | 1 | 1 | 1 | -13 |
| PAT Margin (%) | 1.8% | 1.1% | 2.2% | -25.6% |
| Adjusted EPS (₹) | 0.7 | 0.3 | 0.8 | -6.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 13 | 17 | 18 | 63 | |||||||
| Debt + | 18 | 26 | 26 | 47 | |||||||
| Minority Interest | 0 | 0 | 0 | 0 | |||||||
| Trade Payables | 9 | 12 | 19 | 22 | |||||||
| Others Liabilities ⓘ | 5 | 10 | 11 | 10 | |||||||
| Total Liabilities ⓘ | 44 | 65 | 73 | 142 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 7 | 13 | 12 | 27 | |||||||
| CWIP ⓘ | 4 | 1 | 0 | 2 | |||||||
| Investments ⓘ | 0 | 0 | 0 | 0 | |||||||
| Inventories | 14 | 24 | 32 | 67 | |||||||
| Trade Receivables | 8 | 13 | 15 | 10 | |||||||
| Cash Equivalents | 2 | 0 | 0 | 0 | |||||||
| Others Assets ⓘ | 9 | 14 | 15 | 35 | |||||||
| Total Assets ⓘ | 44 | 65 | 73 | 142 | |||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 3 | -5 | 5 | -58 |
| Cash Flow From Investing Activity ⓘ + | -10 | -4 | -1 | -18 |
| Cash Flow From Financing Activity ⓘ + | 8 | 7 | -4 | 76 |
| Net Cash Flow ⓘ | 1 | -2 | -0 | 0 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.44 | 3.83 | 8.16 | -31.38 | ||||||
| ROCE (%) | 10.89 | 10.04 | 13.67 | -16.04 | ||||||
| Asset Turnover Ratio | 1.54 | 0.91 | 0.9 | 0.46 | ||||||
| PAT to CFO Conversion(x) | 3 | -5 | 5 | N/A | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 43.80 | 75.80 | 79.20 | 92.20 | ||||||
| Inventory Days | 73.30 | 139.20 | 163.80 | 366.40 | ||||||
| Payable Days | 68.20 | 146.30 | 151.50 | 211.60 | ||||||
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MV Electrosystems Ltd FAQs
The current trading price of MV Electrosystems on 13-Aug-2026 16:59 is ₹615.6.
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 12-Aug-2026 the market cap of MV Electrosystems stood at ₹1,679.5 Cr
The latest P/E ratio of MV Electrosystems as of 12-Aug-2026 is 0.00.
The latest P/B ratio of MV Electrosystems as of 12-Aug-2026 is 4.76.
The 52-week high of MV Electrosystems is ₹686.6 and the 52-week low is ₹519.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MV Electrosystems is ₹49.43 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that MV Electrosystems Ltd is a below average quality company.
The key valuation ratios of MV Electrosystems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MV Electrosystems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About MV Electrosystems Ltd
MV Electrosystems was incorporated as ‘MV Electrosystems Private Limited’ on July 03, 2009 at New Delhi as private limited company. Thereafter, the company was converted into a public limited company and the company’s name was changed to ‘MV Electrosystems Limited’ on November 26, 2021. The company is a technology-driven company engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU’s, cable protection & management products and electrical components, systems & sub-systems.
It operates within India’s rail infrastructure transition driven by mandated broad-gauge electrification, Make-in-India procurement requirements and the expansion of the network, including upcoming high-speed corridors. The company is focussed towards research, design & development of electrical equipment & power electronics systems for usage in railways industry and to play a strategic role as a domestic manufacturer with technical capabilities, indigenous designed and developed propulsion equipment and in-house assembling cum manufacturing facilities.
The ingenious in-house design & development of 3-Phase Propulsion Equipment for 6000 HP Locomotive is a key achievement of the company which will lead the way for creating various other energy efficient railway power conversion systems. Such developments require expertise in multiple domains including, Electrical Engineering, Embedded Design, Software Development, Mechanical Engineering, Thermal Design & Instrumentation. With this in-house development and approval from CLW, the company has become one among the global players that possess proprietary technology for rail propulsion equipment.
Business area of the company
The company is engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in Railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU’s, cable protection & management products and electrical components, systems & sub-systems.
Products of the company
Propulsion Equipment
- Traction Converters
- Auxiliary Converters
- Vehicle Control unit
Switchgear & rail coach / EMU panels
Cable protection & management products
History and milestones
- 2018: Commencement of manufacturing operations for cable protection & interconnected products at Unit 1.
- 2019-20: Received first purchase order for 11 (eleven) 3-Phase Propulsion Equipment from Diesel Loco Modernisation Works, Indian Railways for an aggregate value of Rs 184.58 million.
- 2019-20: Commenced work on design and development of propulsion system as per the specifications of RDSO.
- 2023-24: Supplied one set of 3-Phase Propulsion Equipment to CLW and installed and commissioned for service trials to be conducted by West Central Railways.
- 2025-26: Commenced bulk supplies of Propulsion Equipment to Indian Railways against the outstanding executable Order Book.
- 2025-26: Commenced process for shifting of the existing cable protection & interconnected products facility from Unit 1, where it is presently situated, Unit 2 and also installation of infrastructure and machinery for production of propulsion equipment at Unit 1 and Unit 2.
- 2025-26: Entered into a Business Cooperation Agreement with PNC Technologies Co. Ltd., South Korea for a period of three years, to collaborate exclusively for the marketing, manufacturing, supply and distribution of Auto Fault Locator system for the Indian market and to fulfil the condition of minimum 51% Indian content under ‘Make in India’ policy and to participate in the tenders.
- 2025-26: Received developmental order for IGBT based 3-Phase Drive Propulsion Equipment with Composite Converter for WAP-7 locomotives from CLW, Indian Railways for one such equipment for an aggregate value of Rs 25.11 million (excluding GST) and three years comprehensive annual maintenance contract for aggregate value of Rs 1.48 million (excluding GST).
- 2025-26: Completed trial run of 50,000 km for the 3-Phase Propulsion Equipment supplied by the company to CLW, Indian Railways, and Received final inspection certificate (prototype clearance) for the 3-Phase Propulsion Equipment.
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