Elpro International Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:02 am

Market Cap	1,936 Cr.
Current Price	114
High / Low	148/73.0
Stock P/E	15.2
Book Value	120
Dividend Yield	0.61 %
ROCE	7.85 %
ROE	5.95 %
Face Value	1.00
PEG Ratio	0.36

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hampton Sky Realty Ltd	871 Cr.	31.8	55.5/22.4	33.9	5.74	0.00 %	15.7 %	10.6 %	1.00
Grovy India Ltd	76.0 Cr.	57.0	98.2/22.6		14.0	0.04 %	5.79 %	5.27 %	10.0
Gothi Plascon (India) Ltd	39.5 Cr.	38.7	53.9/31.0	30.2	12.4	5.16 %	17.8 %	12.9 %	10.0
Generic Engineering Construction & Projects Ltd	260 Cr.	45.7	71.0/32.6	23.8	48.5	0.00 %	6.61 %	4.33 %	5.00
Garnet Construction Ltd	52.8 Cr.	38.0	57.2/20.5	7.94	73.3	0.00 %	4.51 %	3.13 %	10.0
Industry Average	22,150.84 Cr	582.22		50.95	136.72	0.46%	10.29%	8.69%	6.13

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	13	16	20	23	24	24	32	43	52	35	56	113	139
Expenses	21	6	11	17	14	13	18	33	17	16	18	98	71
Operating Profit	-7	11	9	6	10	11	14	10	34	19	39	15	68
OPM %	-56%	64%	47%	25%	41%	47%	44%	23%	67%	54%	69%	13%	49%
Other Income	1	5	5	1,271	10	12	6	2	1	5	2	23	5
Interest	6	6	6	6	1	1	1	2	3	4	7	10	11
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	2
Profit before tax	-14	9	7	1,269	18	22	18	9	31	19	32	26	60
Tax %	3%	9%	8%	17%	11%	13%	24%	104%	36%	2%	26%	7%	21%
Net Profit	-14	8	7	1,056	16	19	14	-0	20	18	24	24	48
EPS in Rs	-0.82	0.49	0.39	62.29	0.95	1.10	0.80	-0.02	1.15	1.08	1.40	1.42	2.81

Last Updated: October 7, 2024, 8:08 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:32 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	34	28	37	45	51	58	41	110	63	72	123	257	344
Expenses	20	18	21	30	29	23	36	78	33	46	78	149	203
Operating Profit	14	10	16	15	23	34	6	31	30	27	45	107	141
OPM %	43%	36%	43%	33%	44%	60%	14%	29%	48%	37%	37%	42%	41%
Other Income	4	0	0	0	14	19	137	14	16	1,273	30	30	34
Interest	11	14	18	19	30	34	25	27	25	23	5	25	33
Depreciation	1	1	1	0	1	1	1	2	4	5	5	5	6
Profit before tax	6	-4	-2	-4	6	19	116	16	18	1,272	66	107	137
Tax %	-6%	-0%	-3%	-2%	-2%	0%	14%	15%	-12%	17%	27%	20%
Net Profit	6	-4	-2	-4	6	18	100	14	20	1,057	48	85	114
EPS in Rs	0.36	-0.25	-0.13	-0.22	0.35	1.09	5.90	0.82	1.16	62.35	2.83	5.04	6.71
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	8%	12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-166.67%	50.00%	-100.00%	250.00%	200.00%	455.56%	-86.00%	42.86%	5185.00%	-95.46%	77.08%
Change in YoY Net Profit Growth (%)	0.00%	216.67%	-150.00%	350.00%	-50.00%	255.56%	-541.56%	128.86%	5142.14%	-5280.46%	172.54%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	25%
5 Years:	44%
3 Years:	60%
TTM:	219%

Compounded Profit Growth
10 Years:	36%
5 Years:	96%
3 Years:	63%
TTM:	150%

Stock Price CAGR
10 Years:	18%
5 Years:	21%
3 Years:	23%
1 Year:	28%

Return on Equity
10 Years:	%
5 Years:	6%
3 Years:	6%
Last Year:	6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:33 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5	5	5	14	14	14	17	17	17	17	17	17	17
Reserves	174	169	167	154	-13	-20	123	118	154	1,215	1,247	1,590	2,020
Borrowings	96	114	130	155	205	264	165	230	220	56	128	365	678
Other Liabilities	104	103	105	107	64	59	126	75	67	92	122	154	228
Total Liabilities	378	391	406	429	270	316	430	441	459	1,380	1,513	2,127	2,943
Fixed Assets	11	9	9	9	103	136	176	199	196	193	418	456	571
CWIP	53	73	85	105	0	0	0	0	0	0	0	0	0
Investments	269	269	269	269	133	151	160	174	193	1,077	1,012	1,578	2,246
Other Assets	45	40	43	47	34	29	94	68	70	110	83	93	127
Total Assets	378	391	406	429	270	316	430	441	459	1,380	1,513	2,127	2,943

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-83	13	9	20	31	57	-76	25	16	-162	-136	141
Cash from Investing Activity +	-17	-17	-16	-22	-12	-68	100	-82	20	387	34	-342
Cash from Financing Activity +	103	2	6	7	-23	12	-24	57	-33	-185	60	202
Net Cash Flow	3	-2	-1	5	-4	2	-1	0	3	40	-42	1

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-82.00	-104.00	-114.00	-140.00	-182.00	-230.00	-159.00	-199.00	-190.00	-29.00	-83.00	-258.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	59	37	59	39	30	16	26	12	70	62	54	10
Inventory Days	4,420	4,320	3,310			661	5,976				32	4
Days Payable	733	721	734			1,313	2,065				778	78
Cash Conversion Cycle	3,745	3,636	2,635	39	30	-636	3,937	12	70	62	-692	-64
Working Capital Days	-427	-601	-356	-383	-222	-248	-530	-92	-75	-47	-38	12
ROCE %	6%	3%	5%	5%	13%	22%	8%	13%	11%	14%	4%	8%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	75.00%	75.00%	75.00%	75.00%
FIIs	13.81%	13.81%	13.80%	13.68%	13.68%	13.07%	12.42%	12.03%	11.33%	11.22%	11.22%	10.45%
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%
Public	11.19%	11.19%	11.20%	11.33%	11.32%	11.93%	12.57%	12.97%	13.66%	13.76%	13.77%	14.54%
No. of Shareholders	5,515	5,494	6,440	9,236	9,730	9,557	9,436	9,478	8,965	9,278	10,259	13,706

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	5.04	2.83	62.35	0.41	0.82
Diluted EPS (Rs.)	5.04	2.83	62.35	0.41	0.82
Cash EPS (Rs.)	5.34	3.11	63.12	0.65	0.42
Book Value[Excl.RevalReserv]/Share (Rs.)	94.85	74.56	72.69	10.10	7.96
Book Value[Incl.RevalReserv]/Share (Rs.)	94.85	74.56	72.69	10.10	7.96
Revenue From Operations / Share (Rs.)	15.14	7.26	4.27	3.73	6.48
PBDIT / Share (Rs.)	8.10	4.45	77.16	1.99	2.13
PBIT / Share (Rs.)	7.79	4.16	76.88	1.74	1.99
PBT / Share (Rs.)	6.30	3.89	75.54	0.29	0.41
Net Profit / Share (Rs.)	5.03	2.82	62.83	0.41	0.28
NP After MI And SOA / Share (Rs.)	5.04	2.83	62.35	0.41	0.28
PBDIT Margin (%)	53.51	61.23	1805.87	53.31	32.89
PBIT Margin (%)	51.43	57.25	1799.16	46.75	30.65
PBT Margin (%)	41.61	53.51	1767.81	7.83	6.37
Net Profit Margin (%)	33.23	38.85	1470.54	11.12	4.32
NP After MI And SOA Margin (%)	33.32	38.94	1459.21	11.12	4.32
Return on Networth / Equity (%)	5.31	3.79	85.77	4.10	3.51
Return on Capital Employeed (%)	7.00	5.35	101.87	7.74	9.45
Return On Assets (%)	4.01	3.16	76.57	1.52	1.07
Long Term Debt / Equity (X)	0.11	0.00	0.00	1.11	1.46
Total Debt / Equity (X)	0.22	0.10	0.04	1.17	1.59
Asset Turnover Ratio (%)	0.14	0.08	0.07	0.13	0.23
Current Ratio (X)	0.79	1.18	8.65	0.51	0.48
Quick Ratio (X)	0.78	1.17	8.64	0.50	0.47
Inventory Turnover Ratio (X)	2.51	2.28	3.25	2.59	0.10
Dividend Payout Ratio (NP) (%)	16.45	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	15.48	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	83.55	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	84.52	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	5.45	16.40	57.61	1.37	1.36
Interest Coverage Ratio (Post Tax) (X)	4.39	11.41	47.91	1.29	1.18
Enterprise Value (Cr.)	1743.79	1141.02	1032.99	896.24	768.57
EV / Net Operating Revenue (X)	6.80	9.27	14.26	14.19	7.00
EV / EBITDA (X)	12.70	15.14	0.78	26.62	21.28
MarketCap / Net Operating Revenue (X)	5.39	8.26	14.11	11.11	5.06
Retention Ratios (%)	83.54	0.00	0.00	0.00	0.00
Price / BV (X)	0.86	0.80	0.82	4.10	4.12
Price / Net Operating Revenue (X)	5.39	8.26	14.11	11.11	5.06
EarningsYield	0.06	0.04	1.03	0.01	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 109.19

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Overvalued by 4.22% compared to the current share price 114.00

Intrinsic Value of as of December 22, 2024 is: 155.11

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 36.06% compared to the current share price 114.00

Last 5 Year EPS CAGR: 42.05%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -250.58, which is a positive sign. The stock has a low average Cash Conversion Cycle of -97.33, which is a positive sign. The company has higher reserves (546.00 cr) compared to borrowings (215.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (97.15 cr) and profit (37.08 cr) over the years.	The stock has a low average ROCE of 9.33%, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 33.23%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 7% (Industry Average ROCE: 10.29%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 5.31% (Industry Average ROE: 8.69%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 4.39
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.78
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 15.2 (Industry average Stock P/E: 50.95)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.22
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Elpro International Ltd. is a Public Limited Listed company incorporated on 27/07/1962 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51505MH1962PLC012425 and registration number is 012425. Currently Company is involved in the business activities of Manufacture of furniture. Company’s Total Operating Revenue is Rs. 72.42 Cr. and Equity Capital is Rs. 16.95 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Realty	Nirmal, 17th Floor, Nariman Point, Mumbai Maharashtra 400021	ir@elpro.co.in http://www.elpro.co.in

Management
Name	Position Held
Mr. Deepak Kumar	Chairman & Managing Director
Mr. Surbhit Dabriwala	Non Exe.Non Ind.Director
Mr. Sunil Khandelwal	Non Exe.Non Ind.Director
Mr. Naresh Agarwal	Ind.& Non Exe.Director
Mrs. Shruti Bahety	Ind.& Non Exe.Director
Mr. K R Anil Kumar	Non Exe. & Ind. Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹109.19, which is 4.22% lower than the current market price of ₹114.00. The stock has a market capitalization of 1,936 Cr. and recorded a high/low of 148/73.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,020 Cr and total liabilities of ₹2,943 Cr.

What is the Market Cap of ?

The Market Cap of is 1,936 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 114.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 148/73.0.

What is the Stock P/E of ?

The Stock P/E of is 15.2.

What is the Book Value of ?

The Book Value of is 120.

What is the Dividend Yield of ?

The Dividend Yield of is 0.61 %.

What is the ROCE of ?

The ROCE of is 7.85 %.

What is the ROE of ?

The ROE of is 5.95 %.

What is the Face Value of ?

The Face Value of is 1.00.