---
title: "Eddy Current Controls (India) Ltd (503982) — Share Price, Financials & Analysis"
symbol: "503982"
company: "Eddy Current Controls (India) Ltd"
canonical: "https://tapetide.com/stocks/503982"
bse_code: "503982"
generated_at: "2026-10-13T11:02:28.662Z"
---

# Eddy Current Controls (India) Ltd (503982)

Canonical page: https://tapetide.com/stocks/503982

## Company

- **BSE Code:** 503982
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** eddyindia.com

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 116 to 63.1 days.
- Company's working capital requirements have reduced from 127 days to 67.2 days

### Weaknesses

- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | — | 11% |
| revenue growth | 135% | 13% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2019 | Jun 2020 | Sep 2020 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.35 | 0.11 | 1.48 | 2.03 | 3.07 | 2.4 | 4.14 | 1.19 | 1.57 | 2.05 |
| Expenses | 2.26 | 0.06 | 1.44 | 1.29 | 2.66 | 2.62 | 1.61 | 1.12 | 0.7 | 1.45 |
| Operating Profit | 0.09 | 0.05 | 0.04 | 0.74 | 0.41 | -0.22 | 2.53 | 0.07 | 0.87 | 0.6 |
| OPM % | 3.83 | 45.45 | 2.7 | 36.45 | 13.36 | -9.17 | 61.11 | 5.88 | 55.41 | 29.27 |
| Other Income | 0 | 0 | 0 | 0 | 0.96 | 1.07 | -1.35 | 1.47 | 0.3 | 0.19 |
| Interest | 0 | 0 | 0 | 0.23 | -0.01 | 0.33 | 0.65 | 1.19 | 0.46 | 0.29 |
| Depreciation | 0 | 0 | 0 | 0 | 0.02 | 0 | 0.06 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 0.09 | 0.05 | 0.04 | 0.51 | 1.36 | 0.52 | 0.47 | 0.33 | 0.69 | 0.48 |
| Tax % | 0 | 0 | 0 | 0 | 11.03 | 0 | 0 | 45.45 | 0 | 31.25 |
| Net Profit | 0.09 | 0.04 | 0.04 | 0.51 | 1.21 | 0.52 | 0.47 | 0.17 | 0.69 | 0.33 |
| EPS in Rs | 0.1 | 0.04 | 0.03 | 0.31 | 0.74 | 0.32 | 0.29 | 0.1 | 0.42 | 0.2 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.52 | 1.96 | 2.02 | 1.61 | 1.54 | 1.76 | 1.43 | 1.2 | 1.13 | 2.66 |
| Expenses | 2.24 | 1.69 | 1.68 | 2.09 | 1.28 | 1.7 | 1.32 | 1.02 | 1.07 | 2.54 |
| Operating Profit | 0.28 | 0.27 | 0.34 | -0.48 | 0.26 | 0.06 | 0.11 | 0.18 | 0.06 | 0.12 |
| OPM % | 11.11 | 13.78 | 16.83 | -29.81 | 16.88 | 3.41 | 7.69 | 15 | 5.31 | 4.51 |
| Other Income | 0.02 | 0.02 | 0.01 | 0.84 | 0 | 0.2 | 0.12 | 0.07 | 0.05 | 0.05 |
| Interest | 0.19 | 0.2 | 0.22 | 0.16 | 0.15 | 0.16 | 0.14 | 0.16 | 0.1 | 0.09 |
| Depreciation | 0.09 | 0.1 | 0.11 | 0.06 | 0.06 | 0.05 | 0.04 | 0 | 0.01 | 0.01 |
| Profit before tax | 0.02 | -0.01 | 0.02 | 0.14 | 0.05 | 0.05 | 0.05 | 0.09 | 0 | 0.07 |
| Tax % | -100 | 0 | -150 | 21.43 | 40 | 20 | 20 | -11.11 | — | 28.57 |
| Net Profit | 0.04 | -0.01 | 0.05 | 0.11 | 0.02 | 0.03 | 0.03 | 0.1 | 0 | 0.05 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 88.33 | 0 | — | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 |
| Reserves | -0.16 | -0.17 | -0.12 | -0.01 | 0.04 | 0.07 | 0.04 | 0.07 | 0.1 | 0.16 |
| Borrowings | 3.81 | 3.81 | 3.76 | 2.78 | 2.66 | 2.38 | 2.39 | 2.46 | 2.18 | 1.21 |
| Other Liabilities | 0.68 | 1.19 | 1.23 | 1.32 | 1.78 | 1.55 | 0.96 | 0.91 | 0.56 | 1.26 |
| Total Liabilities | 4.86 | 5.36 | 5.4 | 4.62 | 5.01 | 4.53 | 3.92 | 3.97 | 3.37 | 3.16 |
| Fixed Assets | 0.64 | 0.6 | 0.56 | 0.39 | 0.33 | 0.29 | 0.25 | 0.29 | 0.27 | 0.27 |
| CWIP | 1.07 | 1.06 | 1.06 | 1.06 | 1.06 | 1.06 | 1.06 | 1.06 | 1.06 | 1.06 |
| Investments | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Other Assets | 3 | 3.55 | 3.63 | 3.02 | 3.47 | 3.03 | 2.46 | 2.47 | 1.89 | 1.68 |
| Total Assets | 4.86 | 5.36 | 5.4 | 4.62 | 5.01 | 4.53 | 3.92 | 3.97 | 3.37 | 3.16 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.08 | 0.37 | 0.33 | — | — | — | 0.67 | 0.23 | 0.56 | 0.61 |
| Cash from Investing Activity | -0.12 | -0.07 | -0.07 | — | — | — | 0.02 | -0.1 | 0 | 0 |
| Cash from Financing Activity | -0.21 | -0.22 | -0.27 | — | — | — | -0.75 | -0.14 | -0.57 | -0.37 |
| Net Cash Flow | -0.25 | 0.08 | -0.01 | — | — | — | -0.06 | -0.01 | -0.01 | 0.24 |
| Free Cash Flow | -0.04 | 0.31 | 0.26 | — | — | — | 0.67 | 0.13 | 0.56 | 0.6 |
| CFO/OP | 43 | 148 | 97 | — | — | — | 609 | 128 | 933 | 525 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 178.15 | 283.06 | 325.25 | 328.73 | 383.96 | 45.62 | 48.5 | 276.79 | 167.96 | 63.12 |
| Inventory Days | 210.96 | 262.62 | 195.95 | 136.88 | 172.89 | 135.34 | 154.42 | 397.21 | 385.86 | 55.76 |
| Days Payable | 120.55 | 0 | 380.37 | 435.51 | 0 | 20.51 | 32.76 | 75.15 | 62.57 | 76.04 |
| Cash Conversion Cycle | 268.57 | 545.68 | 140.83 | 30.09 | 556.86 | 160.46 | 170.16 | 598.85 | 491.25 | 42.84 |
| Working Capital Days | 270.85 | 331.48 | 327.05 | 235.78 | 210.94 | 282.05 | 74.02 | 310.25 | 187.35 | 67.24 |
| ROCE % | 4.84 | 4.55 | 5.76 | 8.03 | 6.13 | 6.76 | 6.4 | 8.31 | — | 6.79 |

## Shareholding Pattern

### annual

| Category | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 65.71% | 70.26% | 70.51% | 72.41% | 72.87% | 73.41% |
| Public | 34.29% | 29.74% | 29.49% | 27.58% | 27.13% | 26.58% |
| No. of Shareholders | 156 | 242 | 285 | 334 | 375 | 474 |

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 65.71% | 66.08% | 70.26% | 70.05% | 70.51% | 72.35% | 72.41% | 72.53% | 72.87% | 72.87% | 73.44% | 73.41% |
| Public | 34.29% | 33.92% | 29.74% | 29.95% | 29.49% | 27.66% | 27.58% | 27.48% | 27.13% | 27.13% | 26.55% | 26.58% |
| No. of Shareholders | 156 | 153 | 242 | 251 | 285 | 320 | 334 | 336 | 375 | 380 | 432 | 474 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 5 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 158.8 | Sell |
| EMA (10) | 156.07 | Sell |
| SMA (20) | 158.9 | Sell |
| EMA (20) | 156.92 | Sell |
| SMA (50) | 153.33 | Sell |
| EMA (50) | 152.74 | Sell |
| SMA (100) | 143.73 | Buy |
| EMA (100) | 146.24 | Buy |
| SMA (200) | 136.73 | Buy |
| EMA (200) | 138.94 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.18 | Neutral |
| MACD (12,26,9) | 0.14 | Sell |
| Stochastic (14,3,3) | 19.86 | Buy |
| ADX (14) | 20.09 | Neutral |
| Williams %R (14) | -78.47 | Neutral |
| ATR (14) | 6.17 | High Volatility |
| ROC (12) | -3.83 | Sell |
| Stoch RSI (14) | 2.21 | Buy |
| UO (7,14,28) | 45.44 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-11 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3625c87d-bd23-4410-a8d5-b685eac11b80.pdf) |
| 2026-02-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f82f79f-4fc5-40a6-b0f7-a50ed5efba72.pdf) |
| 2026-02-07 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ce88b850-f491-41f9-8135-2185aca1e1e8.pdf) |
| 2026-02-07 | [UN-AUDITED FINANCIAL RESULTS ALONG WITH LIMITED REVIEW REPORT FOR THE QUARTER ENDED DECEMBER 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d56e676-a74d-43d1-802f-138ce34980bc.pdf) |
| 2026-02-02 | [Board Meeting Intimation for Shorter Period Meeting To Be Held On 07Th February 2026, For The Quarter Ended As On December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24eeef88-77eb-46df-b8a2-3153e6c616a4.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2a8a5aa8-e6c5-498c-8516-25fe97404d16.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d66a51ef-a066-4dc4-8293-435f89539589.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00999c36-44b5-4d37-89bc-ed1ccf61ff03.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/efc6f7c7-7262-45c6-82ac-a229b988d49c.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/543241/75973543241.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/543241/72318543241_05_10_21.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/543241/67849543241_05_01_21.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:02:28.662Z.