5

Elpro International Ltd

ELPROINTL NSE

Key Fundamentals

MicrocapResidential Commercial ProjectsRealty
Market Cap
₹2,953 Cr
Volatility
High Risk
P/E Ratio
88.53
EBITDA
₹157 Cr
Return on Equity
3.25%
Debt to Equity
0.51
Book Value
₹119.81
52W High
₹177.5
52W Low
₹86

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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32 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

4
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 2.23% over last 3 years.
  • Earnings include an other income of Rs.86.4 Cr.

Growth Rate

Revenue Growth
14.56% ↗
Net Income Growth
30.48% ↗
Cash Flow Change
55.34% ↗
ROE
-38.91% ↗
ROCE
-24.11% ↗
EBITDA Margin (Avg.)
-19.67% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 8d ago
AI opinion · based on fundamentals
Risk high

Elpro International Ltd has a market cap of Rs.2,941 Cr trading at a P/E of 33.6x and P/B of 1.45x. The stock has delivered a 64% return over the past year despite a TTM sales decline of -19% and profit decline of -8%, while 3-year ROE remains low at 2.23%.

Bull Case 7
  • Strong stock price CAGR of 64% over 1 year, 39% over 3 years, and 30% over 5 years indicating sustained market re-rating
  • Compounded sales growth of 22% over 5 years and 14% over 10 years demonstrates long-term revenue expansion capability
  • Compounded profit growth of 37% over 5 years and 27% over 10 years shows strong long-term earnings trajectory
  • P/B ratio of 1.45x suggests the stock is not excessively priced relative to book value for a consumer discretionary company
  • Dividend yield of 0.4% provides some income return to shareholders indicating commitment to capital return
  • 10-year sales CAGR of 14% reflects a business that has scaled meaningfully over a full economic cycle
  • 3-year compounded sales growth of 20% suggests the medium-term revenue momentum was robust before the recent TTM slowdown
Bear Case 8
  • TTM sales have declined by -19% indicating a significant revenue contraction in the most recent period
  • TTM compounded profit has declined by -8% showing deteriorating near-term earnings
  • 3-year ROE of just 2.23% is very low, suggesting poor capital efficiency and weak shareholder value creation
  • Earnings include other income of Rs.86.4 Cr which raises concerns about the quality and sustainability of core operating profits
  • Low interest coverage ratio signals potential stress in servicing debt obligations from operating profits
  • P/E of 33.6x appears elevated given ROE of only 2% last year and declining TTM earnings
  • 3-year compounded profit growth of only 3% contrasts sharply with the 33.6x P/E multiple, indicating expensive valuation relative to recent earnings growth
  • Tax rate appears low which may indicate reliance on tax benefits or adjustments that could normalize in future periods

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 8d ago
Headwinds 2
  • Promoter shares pledged for NCDs Jun 20

    Promoters pledged 12.66 crore shares (74.73% stake) to CTL Trusteeship Limited as security for ₹120 crore unsecured NCDs issued by I G E (India) Private Limited. High promoter pledge raises risk of forced selling if obligations are not met.

  • Voluntary delisting approved Jun 12

    Shareholders approved voluntary delisting with 99.82% votes in favour on Jun 12. Delisting removes price discovery and liquidity for remaining public shareholders.

Neutral 2
  • Greaves Cotton share acquisitions Jul 3

    Elpro acquired 3,47,585 shares of Greaves Cotton for ₹7.85 crore on Jul 3 and 2,31,215 shares for ₹5.00 crore on Jun 24, totalling ₹12.85 crore invested for investment purposes.

  • Vedanta Aluminium investment Jun 18

    Elpro invested ₹4.62 crore for 1,00,000 shares in Vedanta Aluminium Metal Limited on Jun 18, increasing total holding to 2,20,000 equity shares.

TL;DR: Elpro International is actively deploying capital into equity investments (Greaves Cotton, Vedanta Aluminium) while simultaneously moving toward voluntary delisting, approved overwhelmingly by shareholders. The 74.73% promoter pledge for ₹120 crore NCDs is a significant governance risk. With delisting underway, the stock's trajectory is toward exit from public markets, limiting future liquidity and transparency for minority investors.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
24.7
27.15
27.55
28.35
29.12
27.64
114
27.78
39.47
37.53
39.32
32.5
59.67
Expenses
19.45
17.12
15.57
16.75
18.63
16.77
103
18.9
26.81
27.25
29.04
23.73
39.16
Operating Profit
5.25
10.03
11.98
11.6
10.49
10.87
11.19
8.88
12.66
10.28
10.28
8.77
20.51
OPM %
21.26%
36.94%
43.48%
40.92%
36.02%
39.33%
9.84%
31.97%
32.07%
27.39%
26.14%
26.98%
34.37%
Other Income
4.56
5.36
7.39
3.36
24.88
8.15
24.77
25.36
5.64
25.95
18.59
26.03
14.16
Interest
2.06
3.32
4.36
7.2
10.39
11.09
13.31
17.82
20.59
21.84
23.71
24.73
25.82
Depreciation
1.24
1.27
1.3
1.34
1.42
1.36
1.43
3.01
2.67
2.62
2.65
2.65
2.61
PBT
6.51
10.8
13.71
6.42
23.56
6.57
21.22
13.41
-4.96
11.77
2.51
7.42
6.24
Tax %
129.03%
52.04%
-5.84%
27.26%
5.65%
0.61%
-6.08%
23.64%
-69.35%
-78.76%
46.22%
27.22%
11.86%
Net Profit
-1.89
5.18
14.51
4.66
22.23
6.53
22.52
10.24
-1.52
21.03
1.35
5.4
5.49
EPS in Rs
-0.11
0.31
0.86
0.27
1.31
0.39
1.33
0.6
-0.09
1.24
0.08
0.32
0.32
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
37
45
53
61
41
110
63
72
97
112
209
169
Expenses
21
30
28
23
36
78
33
38
64
68
165
121
Operating Profit
16
15
25
38
6
32
30
35
34
44
44
48
OPM %
44%
34%
46%
62%
14%
29%
48%
48%
34%
39%
21%
28%
Other Income
0
0
1
0
108
4
3
1,197
34
41
64
86
Interest
18
19
30
33
25
27
25
23
5
25
63
96
Depreciation
0
0
1
1
1
2
4
5
5
5
8
11
PBT
-2
-4
-6
4
87
7
5
1,204
58
54
36
28
Tax %
0%
0%
0%
0%
19%
32%
-42%
18%
28%
15%
-4%
-19%
Net Profit
-2
-4
-6
4
71
5
7
989
41
47
38
33
EPS in Rs
-0.12
-0.21
-0.33
0.25
4.2
0.28
0.41
58.36
2.44
2.75
2.23
1.96
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
9%
22%
31%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
14
14
14
17
17
17
17
17
17
17
17
Reserves
143
130
124
128
210
197
219
1,210
1,237
1,540
1,941
2,084
Borrowings
125
150
198
257
165
230
220
56
128
368
942
1,077
Other Liabilities
91
98
58
56
125
75
67
92
121
147
341
316
Total Liabilities
364
393
393
455
517
519
523
1,374
1,503
2,072
3,242
3,495
Fixed Assets
8
8
44
69
175
199
196
193
418
456
620
688
CWIP
26
29
0
0
0
0
0
0
0
0
6
31
Investments
271
271
270
301
247
252
257
1,071
842
1,477
2,341
2,291
Other Assets
59
86
79
85
94
68
70
110
242
139
275
486
Total Assets
364
393
393
455
517
519
523
1,374
1,503
2,072
3,242
3,495
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
9
27
34
58
-76
25
16
-162
30
11
56
-35
Investing
-7
-29
-13
-70
100
-82
20
387
-133
-216
-536
31
Financing
-3
7
-25
14
-24
57
-33
-185
60
205
481
39
Net Cash Flow
-1
5
-4
2
-1
0
3
40
-43
0
1
35
Free Cash Flow
5
24
25
32
-118
-1
14
-164
-200
-32
-122
-138
CFO/OP
54
176
141
151
-1,346
78
64
68
104
32
157
-22
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
57
37
28
14
26
12
70
62
68
22
11
10
Inventory Days
3,310
—
1,517
—
5,976
—
—
—
—
—
3
8
Days Payable
439
—
861
—
2,062
—
—
—
—
—
34
76
Cash Conversion Cycle
2,928
37
684
14
3,940
12
70
62
68
22
-20
-58
Working Capital Days
-1,125
-1,046
-738
-733
-890
-152
-246
-308
86
-452
-849
-992
ROCE %
6%
5%
8%
10%
1%
8%
7%
14%
4%
5%
4%
4%

Shareholding Pattern

As of Mar 2026
Promoters 75.00%
Others 8.98%
Public 8.02%
FIIs 7.99%
DIIs 0.01%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
74.99%
74.99%
74.99%
74.99%
74.99%
74.99%
74.99%
74.99%
74.99%
74.99%
74.99%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
11.33%
11.22%
11.22%
10.45%
8.47%
7.80%
8.36%
8.25%
8.22%
7.99%
DIIs
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
5.57%
5.50%
5.68%
6.03%
5.94%
5.81%
5.86%
5.86%
5.78%
5.77%
6.45%
6.39%
6.52%
6.59%
7.29%
8.43%
8.52%
8.14%
8.22%
8.12%
8.02%
Others
19.43%
19.50%
19.32%
18.97%
19.06%
19.19%
19.13%
19.14%
19.23%
19.23%
18.55%
7.27%
7.24%
7.17%
7.25%
8.09%
8.68%
8.49%
8.51%
8.65%
8.98%
No. of Shareholders
3,768
3,847
4,463
5,515
5,494
6,440
9,236
9,730
9,557
9,436
9,478
8,965
9,278
10,259
13,706
18,301
18,421
17,485
17,384
16,657
15,801

Documents

Frequently Asked Questions about Elpro International Ltd

What does Elpro International Ltd do?
Elpro International Limited is engaged in manufacturing surge arresters, construction and development of real estate properties, equity investment in third parties and windmill operations. [1]
Where is Elpro International Ltd (504000) listed?
Elpro International Ltd is listed on the Indian stock exchanges. It is listed on NSE: ELPROINTL and BSE: 504000. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Elpro International Ltd belong to?
Elpro International Ltd operates in the Realty sector within the Residential Commercial Projects industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Elpro International Ltd?
Elpro International Ltd has a market capitalisation of approximately ₹2953.34 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Elpro International Ltd?
The Price-to-Earnings (PE) ratio of Elpro International Ltd is 88.53. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Elpro International Ltd?
Over the past 52 weeks, Elpro International Ltd has traded between a low of ₹86 and a high of ₹177.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Elpro International Ltd pay dividends?
Yes, Elpro International Ltd has a dividend yield of 0.40%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Elpro International Ltd?
Elpro International Ltd has a Return on Equity (ROE) of 3.25%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Elpro International Ltd on Tapetide?
On Tapetide, you can view Elpro International Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Elpro International Limited is engaged in manufacturing surge arresters, construction and development of real estate properties, equity investment in third parties and windmill operations. [1]

Website elpro.co.in
CEO Mr. Deepak Kumar Siysharan Singh
Employees 54
Listed 2004-10-19
Face Value ₹ 1

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