Electro Force (India)Share price, financial results, shareholding and management
- Market cap
- ₹42 cr
- Stock P/E
- 66.5peers 32.5
- Book value
- ₹30.8
- Price to book
- 0.58
- EV / operating profit
- -
- Market cap to sales
- 2.18
- ROCE · FY26
- 1.3%
- ROE · FY26
- 0.9%
- ROE, 3-year average
- 5.2%
- Operating margin · FY26
- -4.1%peers 11.8%
- Sales growth, 3 years
- -14.0%
- Profit growth, 3 years
- -56.6%
- Debt to equity
- 0.00peers 0.34
- Borrowings
- ₹0 cr
- Interest cover
- 13.4×
- Cash from business / op. profit
- 328%
- Debtor days
- 405
- Pledged
- 0.00%
- Promoter holding
- 62.89%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 3,133
- 52-week high / low
- ₹46 / ₹15
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Electro Force (India) share price chart
Close on 5 Nov 2026 · +0.85% on the day · Vol 2,400
Daily prices to 5 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 5 Nov 2026
- 1 month
- -0.6%
- 3 months
- -14.8%
- 6 months
- -33.7%
- 1 year
- -58.6%
- Traded a day, 20 days
- ₹0.01 cr
- Taken for delivery
- 88%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | -63% | -51% |
| 3 years, a year | -14% | -57% |
| Latest half, H2 FY26 | -74% | -119% |
Electro Force (India) revenue and profit growth
Half-yearly results · Profit and lossSales have fallen. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
SME companies report every six months. In the latest half, sales were lower than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Electro Force (India) half-yearly results
SME companies report every six months · ₹ crore
| H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|
| Sales | 17.94 | 23.10 | 13.33 | 15.58 | 36.81 | 9.56 | 9.65 |
| Expenses | 11.28 | 13.31 | 14.69 | 15.17 | 35.85 | 9.50 | 10.50 |
| Operating profit | 6.66 | 9.79 | -1.36 | 0.41 | 0.96 | 0.06 | -0.85 |
| OPM | 37.1% | 42.4% | -10.2% | 2.6% | 2.6% | 0.6% | -8.8% |
| Interest | 0 | 0.01 | 0.02 | 0.01 | 0.02 | 0.05 | 0.03 |
| Depreciation | 0.35 | 0.32 | 0.33 | 0.27 | 0.27 | 0.22 | 0.22 |
| Profit before tax | 6.35 | 9.50 | -1.61 | 0.14 | 1.60 | 1.16 | -0.29 |
| Net profit | 4.47 | 7.11 | -1.36 | 0.10 | 1.18 | 0.86 | -0.23 |
Electro Force (India) profit and loss
Full years to March, FY20 to FY26 · ₹ crore, consolidated where reported
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Sales | 14.49 | 15.69 | 34.40 | 30.25 | 36.44 | 52.39 | 19.21 |
| Expenses | 14.81 | 17.24 | 23 | 18.55 | 27.55 | 51.03 | 20 |
| Operating profit | -0.32 | -1.55 | 11.40 | 11.70 | 8.89 | 1.36 | -0.79 |
| OPM | -2.2% | -9.9% | 33.1% | 38.7% | 24.4% | 2.6% | -4.1% |
| Other income | 1.69 | 0.13 | 0.04 | 0.04 | 0.14 | 0.94 | 2.17 |
| Interest | 0.08 | 0.06 | 0.01 | 0.36 | 0.49 | 0.02 | 0.07 |
| Depreciation | 0.98 | 0.79 | 0.84 | 0.70 | 0.66 | 0.54 | 0.43 |
| Profit before tax | 0.31 | -2.27 | 10.59 | 10.68 | 7.88 | 1.74 | 0.87 |
| Tax rate | 0.0% | -1.3% | 18.4% | 27.7% | 27.0% | 26.4% | 27.6% |
| Net profit | 0.31 | -2.24 | 8.64 | 7.72 | 5.75 | 1.28 | 0.63 |
| EPS ₹ | 0.62 | -4.48 | 17.28 | 4.44 | 2.46 | 0.55 | 0.27 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY21) comes from tax charged on a small or negative profit, as reported.
Earnings per share before FY22 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Electro Force (India) profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. Its costs were more than its sales. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -2.2% | -9.9% | 33.1% | 38.7% | 24.4% | 2.6% | -4.1% |
| Tax rate | 0.0% | -1.3% | 18.4% | 27.7% | 27.0% | 26.4% | 27.6% |
| ROCE | · | -26.0% | 79.3% | 58.9% | 18.9% | 2.5% | 1.3% |
| ROE | · | -77.6% | 143.2% | 53.8% | 13.0% | 1.8% | 0.9% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Electro Force (India) debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. It has almost no borrowings. Last year the business used more cash than it brought in. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Electro Force (India) balance sheet
At each 31 March · ₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 17.40 | 23.40 | 23.40 | 23.40 |
| Reserves | -0.94 | -3.29 | 5.36 | 0.95 | 46.80 | 48.08 | 48.71 |
| Net worth | 4.06 | 1.71 | 10.36 | 18.35 | 70.20 | 71.48 | 72.11 |
| Borrowings | 5.37 | 5.87 | 8.78 | 0 | 0 | 0 | 0 |
| Other liabilities | 7.02 | 9.62 | 28.69 | 53.97 | 15.45 | 4.89 | 5.38 |
| Total liabilities | 16.45 | 17.20 | 47.83 | 72.32 | 85.65 | 76.37 | 77.49 |
| Fixed assets | 4.44 | 7.37 | 3.41 | 3.08 | 2.81 | 2.30 | 1.92 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 18.10 | 18.10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 12.01 | 9.83 | 44.42 | 69.24 | 82.84 | 55.97 | 57.47 |
| Receivables | · | · | · | · | · | 20.77 | 21.32 |
| Inventory | · | · | · | · | · | 13.29 | 13.51 |
| Cash | · | · | · | · | · | 1.86 | 1.31 |
| Trade payables | · | · | · | · | · | 3.71 | 5.03 |
Electro Force (India) cash flow
₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 4.32 | 3.03 | 3.59 | -0.23 | -44.79 | 17.13 | -2.59 |
| Cash from investing | -0.65 | -3.67 | 3.16 | -0.33 | -1.06 | -16.40 | 2.12 |
| Cash from financing | -3.37 | 0.43 | 2.90 | -8.78 | 46.06 | -0.02 | -0.07 |
| Net cash flow | 0.30 | -0.21 | 9.65 | -9.34 | 0.21 | 0.71 | -0.54 |
| Capital spending | · | · | · | · | · | 18.13 | 0.05 |
Working capital
Days
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 101 | 130 | 42 | 80 | 42 | 145 | 405 |
| Inventory days | 163 | 52 | 37 | 297 | 161 | 104 | 295 |
| Days payable | 70 | 99 | 79 | 91 | 64 | 29 | 110 |
| Cash conversion cycle | 193 | 83 | 1 | 287 | 139 | 220 | 590 |
| Working capital days | 100 | -12 | 52 | 166 | 649 | 339 | 949 |
Electro Force (India) peers and competitors
Listed SME companies in the same industryBy sales, Electro Force (India) is number 33 of the 34 listed SME companies in electrical equipment.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Vijaypd Ceutical | 162 | 32.5 | 100 | 5 | 4.7% | 0.70 |
| Akanksha Power and Infrastructure | 368 | 62.9 | 91.6 | 5.9 | 12.4% | 2.06 |
| Avana Electrosystems | 401 | 34.2 | 83.9 | 11.7 | 19.5% | 0.01 |
| Sungarner Energies | 74 | 19.3 | 74.2 | 3.8 | 11.1% | 1.81 |
| Accord Transformer & Switchgear | 232 | 51.5 | 70.1 | 4.5 | 10.0% | 0.18 |
| Jigar Cables | 59 | 32.5 | 57.9 | 1.8 | 5.8% | 0.39 |
| Vdeal System | 53 | 12.8 | 45.1 | 4.2 | 17.0% | 0.69 |
| ATC Energies System | 42 | - | 30.7 | -1.5 | 6.8% | 0.22 |
| Vans Electroengineerings | 327 | 60.6 | 22.8 | 5.4 | 31.6% | 0.28 |
| Electro Force (India) | 42 | 66.5 | 19.2 | 0.6 | -4.1% | 0.00 |
| Perfect Infraengineers | 3 | 3.7 | 5.9 | 0.8 | 23.2% | 0.24 |
| Median of the 10 others | 118 | 32.5 | 64 | 4.3 | 11.8% | 0.34 |
Electro Force (India) shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Electro Force (India) shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Dec 23 | Mar 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | Sep 26 | |
|---|---|---|---|---|---|---|---|
| Promoters | 62.93% | 62.93% | 62.93% | 62.93% | 62.89% | 62.89% | 62.89% |
| Foreign investors (FIIs) | 0.00% | 0.03% | 0.03% | 0.03% | - | - | - |
| Indian institutions (DIIs) | 0.00% | 0.00% | 0.00% | 0.00% | - | - | - |
| HNIs (over ₹2 lakh each) | 6.11% | 3.70% | 5.05% | 6.23% | 6.19% | 7.15% | 8.02% |
| Small holders (up to ₹2 lakh) | 21.36% | 28.31% | 27.88% | 26.89% | 27.16% | 26.70% | 25.77% |
| Companies and others | 9.60% | 5.03% | 4.11% | 3.92% | 3.76% | 3.26% | 3.32% |
| Number of shareholders | 3,872 | 4,090 | 3,715 | 3,459 | 3,422 | 3,281 | 3,133 |
The named holders are at 30 Sept 2026, beside 31 March 2026, each under the group the pattern files them in.
Electro Force (India) latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹9.7 cr (-74%), net profit -₹0.2 cr (-119%) on H2 FY25.
- Shareholding, 30 Sept 2026: promoters unchanged at 62.89%.
Electro Force (India) announcements
18 on record, latest first; each opens the filing on the exchange
- Certificate under SEBI (Depositories and Participants) Regulations, 2018For the quarter ended 30th September, 2026PDF ↗
- Shareholders meetingvoting results of Annual General Meeting held on September 30, 2026PDF ↗
- Shareholders meetingScrutinizers report of Annual General Meeting held on September 30, 2026PDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 30, 2026PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Copy of Newspaper PublicationCopy of Newspaper PublicationPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 30, 2026PDF ↗
- Copy of Newspaper PublicationCopy of Newspaper PublicationPDF ↗
- Change in AuditorsOf the companyPDF ↗
- Outcome of Board MeetingHeld on September 04, 2026PDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018For quarter ended 30th June, 2026PDF ↗
- Shareholders meetingSrutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting resultsPDF ↗
Electro Force (India) annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Electro Force (India) share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Electro Force (India)'s data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (2,34,00,001 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY22 (₹17.28) and FY23 (₹4.44) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY20 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Electro Force (India)
What does Electro Force (India) do?
Electro Force (India) is an SME company listed on NSE Emerge, in electrical equipment.
What is the share price of Electro Force (India)?
₹17.9 at the close on 5 Nov 2026, from the exchange's daily figures.
What is the market cap of Electro Force (India)?
₹42 cr at the close on 5 Nov 2026, on 2,34,00,001 shares.
What is the P/E of Electro Force (India)?
66.5 times FY26 profit at the close on 5 Nov 2026 (our arithmetic).
What are Electro Force (India)'s revenue and profit?
Revenue ₹19 cr and profit after tax ₹1 cr in FY26.
Who are the promoters of Electro Force (India)?
The promoter group; promoters held 62.89% at 30 Sept 2026.
What is Electro Force (India)'s website?
www.electroforceindia.com
More SME companies like Electro Force (India)
Other listed SME companies in electrical equipment, the closest in size first, each read from its own documents.
- ATC Energies SystemATCENERGY · NSE Emerge · Electrical Equipment · listed 2025Market cap ₹42 cr
- Trom IndustriesTROM · NSE Emerge · Electrical Equipment · listed 2024Market cap ₹52 cr
- Vdeal SystemVDEAL · NSE Emerge · Electrical Equipment · listed 2024Market cap ₹54 cr
- Sungarner EnergiesSEL · NSE Emerge · Electrical Equipment · listed 2023Market cap ₹55 cr
- Jigar CablesJIGAR · BSE SME · Electrical EquipmentMarket cap ₹59 cr
- G V ElectricalsGVELECTRIC · BSE SME · Electrical EquipmentMarket cap ₹117 cr
Every listed SME company in Electrical Equipment → · SME companies listed in 2023 →
Built from 18 exchange announcements, 7 shareholding patterns and 7 years of reported results. Every figure carries its source; where the documents are silent, the page says so.