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Electro Force (India) Ltd (EFORCE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: EFORCE Electronics - Components | Small Cap | Electro Force(India) Share Price

BSE Share Price
Not Listed

Electro Force (India) Ltd (EFORCE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: EFORCE Electronics - Components | Small Cap | Electro Force(India) Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹53 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹0.3
TTM Sales
₹19.2 Cr.
Book Value per Share
₹30.8
P/E Ratio
83.86
Higher than its 5-year historical median
Industry PE
43.3
Price to Book (P/B)
0.74
Lower than its 5-year historical median
Price to Sales (P/S)
2.76
Lower than its 5-year historical median
EV/EBITDA
37.22
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
1.81%
Underperforms industry median
Return on Capital Employed (ROCE)
2.77%
Underperforms industry median
Return on Assets (ROA)
1.59%
Operating Profit Margin
3%
Net Profit Margin
2.44%
Gross Profit Margin
4.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
43.77%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-82.45%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-77.74%
Asset Quality
Promoter Holding
62.89%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹49 Cr.
Equity
₹23.4 Cr.
Face Value
₹10
All Time Low / High
- / -

Electro Force (India) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Electro Force (India) Ltd a good quality company?
Electro Force (India) 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.

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 Electro Force (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Electro Force (India) Ltd vs industry peers?
Electro Force (India) Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 3.03%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Electro Force (India) Ltd?
Promoters hold 62.89% of the Electro Force (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Electro Force (India) Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -46.12% 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 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.
Electro Force (India) 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'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -29.2%79.4%58.9%18.9%2.8%-
Value Creation
Index
-3.14.73.20.4-0.8-

Growth Parameters

Sales 15.734.430.336.452.419
Sales YoY Gr.-118.6%-12.1%20.5%43.8%-
Adj EPS -1.351.32.50.60.3
YoY Gr.-NA-74.5%93.7%-77.6%-
BVPS (₹) 1633030.630.8
Adj Net
Profit
-2.28.67.75.81.31
Cash Flow from Ops. 33.6-0.2-44.817.1-
Debt/CF from Ops. 1.92.5000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA15.1%43.8%
Adj EPS NANA-52%-77.6%
BVPSNANA72.5%1.8%
Share Price - - - -54.3%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-130.5143.253.8131.80.9
Op. Profit
Mgn %
-9.833.238.724.43NAN
Net Profit
Mgn %
-14.225.125.515.82.43.3
Debt to
Equity
3.40.9000-
Working Cap
Days
02276137464700
Cash Conv.
Cycle
09751121400

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales15.7434.4030.2536.4452.39
Operating Expenses + 17.2922.9918.5527.5550.83
Manufacturing Costs1.081.271.211.631.83
Material Costs14.5920.0715.6022.2946.52
Employee Cost 1.231.241.081.170.98
Other Costs 0.390.410.662.451.50
Operating Profit -1.5511.4111.708.891.56
Operating Profit Margin (%) -9.8%33.2%38.7%24.4%3.0%
Other Income + 0.130.040.040.140.94
Exceptional Items 00000
Interest 0.060.010.360.490.22
Depreciation 0.790.840.700.660.54
Profit Before Tax -2.2710.5910.697.891.74
Tax -0.031.952.972.130.46
Profit After Tax -2.248.647.725.751.28
PAT Margin (%) -14.2%25.1%25.5%15.8%2.4%
Adjusted EPS (₹)-1.35.01.32.50.6
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Electro Force(India) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1.7110.3618.3570.2071.48
Share Capital 5517.4023.4023.40
Reserves -3.295.360.9546.8048.08
Debt +5.878.78000
Long Term Debt5.878.78000
Short Term Debt00000
Minority Interest00000
Trade Payables3.954.323.903.913.71
Others Liabilities 5.6423.9549.5911.040.70
Total Liabilities 17.1647.4171.8485.1575.88

Fixed Assets

Net Fixed Assets +7.373.413.082.812.30
Gross Block18.7615.631616.3816.41
Accumulated Depreciation11.3812.2212.9213.5714.11
CWIP 000018.10
Investments 00000
Inventories2.082.0412.709.8213.29
Trade Receivables5.593.966.674.2120.77
Cash Equivalents 0.6310.290.941.151.86
Others Assets 1.4827.7148.4567.1619.57
Total Assets 17.1647.4171.8485.1575.88

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3.033.59-0.23-44.7917.13
PBT -2.2710.5910.697.891.74
Adjustment 0.800.810.660.54-0.37
Changes in Working Capital 4.5-7.82-9.5-50.3217.87
Tax Paid 00-2.08-2.90-2.11
Cash Flow From Investing Activity + -3.673.16-0.33-1.06-16.40
Capex -3.723.13-0.37-0.38-18.13
Net Investments 00000
Others 0.050.040.04-0.671.73
Cash Flow From Financing Activity + 0.432.90-8.7846.06-0.02
Net Proceeds from Shares 00055.800
Net Proceeds from Borrowing 0.502.92000
Interest Paid -0.06-0.01-0-0.03-0.02
Dividend Paid 00000
Others 0-0-8.78-9.710
Net Cash Flow -0.219.65-9.350.210.71

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-130.45143.1853.7612.991.81
ROCE (%)-29.1579.4158.8918.922.77
Asset Turnover Ratio0.921.070.510.460.65
PAT to CFO Conversion(x)N/A0.42-0.03-7.7913.38
Working Capital Days
Receivable Days129.7050.7064.1054.5087
Inventory Days48.3021.9089112.8080.50
Payable Days98.8075.2096.206429.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Electro Force (India) Ltd FAQs

The current trading price of Electro Force(India) 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 Electro Force(India) stood at ₹53.00 Cr

The latest P/E ratio of Electro Force(India) as of 31-Dec-1969 is 83.86.

The latest P/B ratio of Electro Force(India) as of 31-Dec-1969 is 0.74.

The 52-week high of Electro Force(India) is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Electro Force(India) is ₹19.21 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Electro Force (India) Ltd is a below average quality company.

The key valuation ratios of Electro Force (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Electro Force (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Electro Force (India) Ltd

The company was originally incorporated as ‘Electroforce (India) private limited’ on June 14, 2010 under the provision of Companies Act, 1956 issued by the Registrar of Companies, Mumbai. The status of the Company was changed to public limited and the name of the company was changed to Electro Force (India) Limited vide Special Resolution dated April 15, 2023 pursuant to conversion of the Company into public limited Company. The fresh certificate of incorporation consequent to conversion was issued on May 11, 2023 by the Registrar of Companies, Mumbai.

It is an ISO 9001:2015-certified company that designs and manufactures electrical components, metal / plastic contact parts, and supplies these products to the industry players via a business-to-business (B2B) model.  The company started in the year 2010 as Electro Force (India). Since inception, the company has been a supplier of high-grade precision metal electrical contact parts and components, connectors and assemblies for applications in electronics, lighting, switchgear and allied industries in India.

Its manufacturing unit is located at Vasai in Maharashtra. It offers end-to-end product solutions to its customers under the B2B model wherein it provides services ranging from designing, manufacturing, quality testing and packaging to logistics. It also offers products in the intermediate stages to many of its customers. Its main focus has been on offering integrated services, mostly to Indian manufacturers of electrical components. It has the ability to perform precision metal stamping, assembly, and moulding. It specializes in designing and manufacturing of precision sheet metal components, high speed metal stamping components, plastic injection mouldings, insert and over moulding, sub-assemblies and value-added services for diverse industries like electronics, lighting and other engineering industries in India.

Business area of the company

The company specializes in providing innovative and advanced manufacturing solutions for complex precision sheet metal components and assemblies to various industries such as Electrical & Electronics, Lighting, & other Engineering industries in India. Its expertise includes product designing, prototyping, and process development for precision sheet metal components & plastic products & assemblies for the electrical & switchgear industry.

Key events and milestones

  • 2010: Incorporated under Companies Act 1956 as Electro Force (India) Private Limited.
  • 2012-13: Recognition Certificate by L&T Electrical & Automation.
  • 2023-24: Conversion of Company from Private Limited to Public Limited.


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