Electro Force (India) Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹46 Cr
- P/E
- 72.43
- ROE
- 0.88%
- PEG
- -1.26
- Price to sales
- 2.37
- Debt to equity
- 0.00
- 52W high / low
- ₹39.5 / ₹16.0
- Sales growth (5Y)
- 4.13%
- EBITDA margin
- -4.16%
- Net profit margin
- 3.28%
- Promoter holding
- 62.89%
- Sales (last year)
- ₹19 Cr
Incorporated in 2010, Electro force (India) Ltd. manufactures electrical component products[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹457 Cr | 8.8 | |
| 2 | 40%+ | Up 0–2% | ₹12,138 Cr | 47.6 | |
| 3 | 40%+ | Up 0–2% | ₹713 Cr | 41.3 | |
| 4 | 40%+ | Up 0–2% | ₹430 Cr | 7.6 | |
| 5 | 40%+ | Up 0–2% | ₹181 Cr | 6.1 | |
| 6 | 40%+ | Flat | ₹22,192 Cr | 119.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingFinancials of Electro Force
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Electro Force
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters + | 62.93% | 62.93% | 62.49% | 62.93% | 62.89% | 62.89% | 62.89% |
| FIIs + | 0.00% | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% |
| Public + | 37.07% | 37.04% | 37.48% | 37.04% | 37.11% | 37.11% | 37.11% |
| No. of Shareholders | 3,872 | 4,090 | 3,715 | 3,459 | 3,422 | 3,281 | 3,133 |
Financials of Electro Force
Quarterly Results
Quarter-by-quarter operating performance
Financials of Electro Force
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 14.49 | 15.69 | 34.40 | 30.25 | 36.44 | 52.39 | 19.21 | 20.93 |
| Sales growth | +8.28% | +119.25% | -12.06% | +20.46% | +43.77% | -63.33% | -54.86% | |
| Expenses + | 14.81 | 17.24 | 23.00 | 18.55 | 27.55 | 50.83 | 20.01 | 21.59 |
| Operating Profit | -0.32 | -1.55 | 11.40 | 11.70 | 8.89 | 1.56 | -0.80 | -0.66 |
| OPM % | -2.21% | -9.88% | 33.14% | 38.68% | 24.40% | 2.98% | -4.16% | -3.15% |
| Other Income + | 1.69 | 0.13 | 0.04 | 0.04 | 0.14 | 0.94 | 2.17 | 1.54 |
| Interest | 0.08 | 0.06 | 0.01 | 0.36 | 0.49 | 0.22 | 0.07 | 0.24 |
| Depreciation | 0.98 | 0.79 | 0.84 | 0.70 | 0.66 | 0.54 | 0.43 | 0.40 |
| Profit before tax | 0.31 | -2.27 | 10.59 | 10.68 | 7.88 | 1.74 | 0.87 | 0.24 |
| Tax % | 0.00% | -1.32% | 18.41% | 27.72% | 27.16% | 26.44% | 26.44% | |
| Net Profit + | 0.31 | -2.24 | 8.64 | 7.72 | 5.75 | 1.28 | 0.63 | 0.17 |
| EPS in Rs | 0.18 | -1.29 | 4.97 | 4.44 | 2.46 | 0.55 | 0.27 | 0.07 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of Electro Force
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 17.40 | 23.40 | 23.40 | 23.40 | 23.40 |
| Reserves | -0.94 | -3.29 | 5.36 | 0.95 | 46.80 | 48.08 | 48.71 | 49.11 |
| Borrowings + | 5.37 | 5.87 | 8.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities + | 7.02 | 9.62 | 28.69 | 53.97 | 15.45 | 4.89 | 5.38 | 5.67 |
| Total Liabilities | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 | 77.49 | 78.18 |
| Fixed Assets + | 4.44 | 7.37 | 3.41 | 3.08 | 2.81 | 2.30 | 1.92 | 1.74 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.10 | 18.10 | 18.10 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets + | 12.01 | 9.83 | 44.42 | 69.24 | 82.84 | 55.97 | 57.47 | 58.34 |
| Total Assets | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 | 77.49 | 78.18 |
Financials of Electro Force
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 4.32 | 3.03 | 3.59 | -0.23 | -44.79 | 17.13 | -0.35 |
| Cash from Investing Activity + | -0.65 | -3.67 | 3.16 | -0.33 | -1.06 | -16.40 | -0.12 |
| Cash from Financing Activity + | -3.37 | 0.43 | 2.90 | -8.78 | 46.06 | -0.02 | -0.07 |
| Net Cash Flow | 0.30 | -0.21 | 9.65 | -9.35 | 0.21 | 0.71 | -0.54 |
| Free Cash Flow | 3.62 | -0.69 | 6.72 | -0.60 | -45.17 | -1.00 | -0.40 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -1,350% | -195% | 31% | 16% | -471% | 1,233% | -48% |
Financials of Electro Force
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 100.76 | 130.04 | 42.02 | 80.48 | 42.17 | 144.70 | 405.09 |
| Inventory Days | 162.68 | 52.04 | 37.10 | 297.34 | 160.80 | 104.30 | 294.93 |
| Days Payable | 70.08 | 98.82 | 78.57 | 91.31 | 64.03 | 29.12 | 109.81 |
| Cash Conversion Cycle | 193.36 | 83.26 | 0.55 | 286.51 | 138.95 | 219.89 | 590.21 |
| Working Capital Days | 100.26 | -12.10 | 52.31 | 166.39 | 649.47 | 338.66 | 948.89 |
| ROCE % | -25.98% | 79.34% | 58.90% | 18.90% | 2.77% | 1.31% |
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What Electro Force's management said in earlier quarters
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