Electro Force (India) Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: EFORCE | Electronics - Components | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Electro Force(India)

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

1. Quality

2. Valuation

Undervalued

3. Price Trend

Electro Force (India) stock performance -

mw4me loader
P/E Ratio (SA):
26.38
Market Cap:
211 Cr.
52-wk low:
0
52-wk high:
0

Is Electro Force (India) Ltd an attractive stock to invest in?

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

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

2. Is Electro Force (India) Ltd undervalued or overvalued?

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

3. Is Electro Force (India) Ltd a good buy now?

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.

10 Year X-Ray of Electro Force(India):

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

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23TTM
ROCE % -28.9%64.8%42.7%-
Value Creation
Index
-3.13.62.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 15.734.430.330
Sales YoY Gr.-118.6%-12.1%-
Adj EPS -1.351.33.4
YoY Gr.-NA-73.4%-
BVPS (₹) 16341.2
Adj Net
Profit
-2.28.688
Cash Flow from Ops. 33.6-0.2-
Debt/CF from Ops. 1.92.50-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA-12.1%
Adj EPS NANANA-73.4%
BVPSNANANA-49.1%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
-130.5143.255.715.5
Op. Profit
Mgn %
-9.833.237.5NAN
Net Profit
Mgn %
-14.225.126.426.5
Debt to
Equity
3.40.90-
Working Cap
Days
02276130
Cash Conv.
Cycle
09750

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 15.50%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Electro Force (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 3.4 -
TTM Sales (₹ Cr.) 30.3 -
BVPS (₹.) 41.2 -
Reserves (₹ Cr.) 73 -
P/BV 2.19 -
PE 26.38 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 211
Equity (₹ Cr.) 23.4
Face Value (₹) 10
Industry PE 88.2

Management X-Ray of Electro Force(India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Electro Force(India)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales163430
Operating Expenses 172319
Manufacturing Costs111
Material Costs152016
Employee Cost 111
Other Costs 001
Operating Profit -21111
Operating Profit Margin (%) -9.8%33.2%37.5%
Other Income 000
Interest 000
Depreciation 111
Exceptional Items 000
Profit Before Tax -21111
Tax 023
Profit After Tax -298
PAT Margin (%) -14.2%25.1%26.4%
Adjusted EPS (₹)-1.35.01.3
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 21018
Share Capital 5517
Reserves -351
Minority Interest000
Debt690
Long Term Debt690
Short Term Debt000
Trade Payables444
Others Liabilities 62450
Total Liabilities 174772

Fixed Assets

Gross Block191616
Accumulated Depreciation111213
Net Fixed Assets733
CWIP 000
Investments 000
Inventories2213
Trade Receivables647
Cash Equivalents 1101
Others Assets12848
Total Assets 174772

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity 340
PBT -21111
Adjustment 111
Changes in Working Capital 4-8-10
Tax Paid 00-2
Cash Flow From Investing Activity -430
Capex -430
Net Investments 000
Others 000
Cash Flow From Financing Activity 03-9
Net Proceeds from Shares 000
Net Proceeds from Borrowing 03-9
Interest Paid 000
Dividend Paid 000
Others 000
Net Cash Flow 010-9
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)-130.45143.1855.7
ROCE (%)-29.1579.4157.01
Asset Turnover Ratio0.921.070.51
PAT to CFO Conversion(x)N/A0.440
Working Capital Days
Receivable Days1305164
Inventory Days482289
Payable Days997596

Electro Force (India) Ltd Stock News

Electro Force (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing 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 01-Jan-1970 05:30 the market cap of Electro Force(India) stood at ₹210.9.
The latest P/E ratio of Electro Force(India) as of 01-Jan-1970 05:30 is 26.38.
The latest P/B ratio of Electro Force(India) as of 01-Jan-1970 05:30 is 2.19.
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 ₹30.25 ( Cr.) .

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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