Eppeltone Engineers Q4 FY26 Share Price & Earnings Call Analysis

₹130.45+2.60% today
Market cap
₹168 Cr
P/E
13.67
ROE
18.85%
PEG
0.11
Price to sales
1.25
Debt to equity
0.43
52W high / low
₹221 / ₹91.1
Sales growth (5Y)
28.76%
EBITDA margin
14.41%
Net profit margin
9.15%
Promoter holding
37.57%
Sales (last year)
₹135 Cr

Founded in 1977, Eppeltone Engineers Limited specializes in manufacturing electronic energy meters, including smart meters, alongside various power conditioning devices.[1]

Guidance scorecard · Q4 FY26 call

What Eppeltone Engineers Ltd's management guided
and where it ranks in Electrical Equipment

#43of 58 in
Electrical Equipment

RevenueQ2 FY26 call

20–40%
  • Target revenue growth of 30% to 40% in FY26 compared to FY25; optimistic about strong H2 performance to reach this target.
  • Plant capacity utilization currently 50-60%, expected to ramp up with new automated facility mid-FY27.
  • New facility (60,000 sq ft, fully automated) expected to support ₹500-600 crore annual revenue by FY28.
  • Company plans to expand product portfolio into gas meters, water meters, railway equipment, and integrated installation services, contributing to revenue growth.
  • Gas meter market forecasted to grow from ₹200-250 crore to ₹1,200 crore in next 5-7 years.

2 more points from Eppeltone Engineers Ltd's call on revenue

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Full Q2 FY26 analysis

MarginsQ2 FY26 call

Flat

See what Eppeltone Engineers Ltd said on margins — free account, 30 seconds.

Full Q2 FY26 analysis

CapexQ2 FY26 call

Planned
  • EEPL plans to invest around ₹12-14 crores in CapEx for a new automated plant (~60,000 sq ft), including RCC and PEB structures.
  • The new facility will include one additional SMT line alongside the existing two.
  • The new fully automated plant targets annual revenue potential of ₹500-600 crores.
  • The new facility is expected to be operational by mid-FY27, with full capacity utilization by FY28.
  • CapEx funding will primarily come from internal accruals; debt may be taken if needed.
  • Strategic focus includes geographic expansion, broader product portfolio (gas, water meters, railway equipment), and efficiency improvements through automation.

2 more points from Eppeltone Engineers Ltd's call on capex

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Full Q2 FY26 analysis

FundraisingQ2 FY26 call

Planned

See what Eppeltone Engineers Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY26 analysis

Order bookQ2 FY26 call

Rising
  • Current order book stands at approximately ₹410 crores with an execution period of 18 to 24 months.
  • The company has submitted new bids totaling around ₹600 crores, with some expected to close in the next month or two.
  • EPC business bids are in the approval stage; once approved (expected around February FY26), the company will be eligible to quote for tenders.

2 more points from Eppeltone Engineers Ltd's call on the order book

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Full Q2 FY26 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. 2
  2. Strong growth
    1
  3. 3

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹72,673 Cr18.1
240%+Up 2%+₹21,700 Cr158.1
340%+Up 2%+₹491 Cr12.2
440%+Up 0–2%₹12,434 Cr48.4
540%+Up 0–2%₹2,042 Cr35.4
640%+Up 0–2%₹529 Cr7.0

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Financials of Eppeltone Engineers Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Eppeltone Engineers Ltd

Quarterly Results

Quarter-by-quarter operating performance

No quarterly results data available for this company yet.

Financials of Eppeltone Engineers Ltd

Profit & Loss

Annual income statement trend

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +38827378124120
Expenses +36817065106101
Operating Profit223131819
OPM %5%2%4%17%14%16%
Other Income +100211
Interest111232
Depreciation011111
Profit before tax102121517
Tax %-18%36%28%22%29%
Net Profit +10191113
EPS in Rs2.730.602.7321.5011.5112.39
Dividend Payout %0%0%0%0%0%

Financials of Eppeltone Engineers Ltd

Balance Sheet

Capital structure and asset base

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital44441013
Reserves668203072
Borrowings +111113163130
Other Liabilities +171220305355
Total Liabilities39344470124170
Fixed Assets +789132033
CWIP000002
Investments000000
Other Assets +32263557104136
Total Assets39344470124170

Financials of Eppeltone Engineers Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +1203-8
Cash from Investing Activity +-1-2-1-5-8
Cash from Financing Activity +0-11615
Net Cash Flow-0-004-1
Free Cash Flow-01-1-2-17
CFO/OP75%171%21%35%-27%

Financials of Eppeltone Engineers Ltd

Ratios

Working capital efficiency and return ratios

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days179368312780
Inventory Days935668104205
Days Payable1933893171206
Cash Conversion Cycle7954586079
Working Capital Days7530344754
ROCE %6%11%43%32%

What Eppeltone Engineers Ltd's management said in earlier quarters

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