Evans Electric Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 5:47 am

Market Cap	83.4 Cr.
Current Price	152
High / Low	252/112
Stock P/E	29.5
Book Value	37.2
Dividend Yield	0.99 %
ROCE	36.4 %
ROE	28.0 %
Face Value	10.0
PEG Ratio	0.80

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Evans Electric Ltd

Competitors of Evans Electric Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Modern Insulators Ltd	478 Cr.	101	176/85.0	11.9	95.0	0.00 %	9.06 %	8.87 %	10.0
Modison Ltd	436 Cr.	135	233/108	20.1	63.5	1.86 %	12.4 %	8.88 %	1.00
Evans Electric Ltd	83.4 Cr.	152	252/112	29.5	37.2	0.99 %	36.4 %	28.0 %	10.0
Epic Energy Ltd	47.8 Cr.	66.2	148/5.97	52.5	10.0	0.00 %	5.03 %	5.49 %	10.0
Edvenswa Enterprises Ltd	132 Cr.	45.3	99.8/39.0	13.3	32.1	0.00 %	23.5 %	15.4 %	10.0
Industry Average	11,935.82 Cr	519.29		112.96	76.38	0.20%	15.67%	18.51%	6.21

All Competitor Stocks of Evans Electric Ltd

Quarterly Result

Metric	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
Sales	3.61	3.62	3.66	3.84	5.70	3.31	4.04	14.18	4.95	9.18	11.50	4.77
Expenses	3.15	2.16	3.56	4.55	4.02	2.77	3.37	11.05	3.76	4.83	9.44	3.46
Operating Profit	0.46	1.46	0.10	-0.71	1.68	0.54	0.67	3.13	1.19	4.35	2.06	1.31
OPM %	12.74%	40.33%	2.73%	-18.49%	29.47%	16.31%	16.58%	22.07%	24.04%	47.39%	17.91%	27.46%
Other Income	0.33	0.17	0.00	0.12	0.12	0.07	0.24	0.61	0.08	0.18	0.30	0.25
Interest	0.03	0.04	0.02	0.07	0.06	0.03	0.11	0.05	0.03	0.18	0.07	0.14
Depreciation	0.21	0.16	0.17	0.06	0.17	0.09	0.09	0.09	0.09	0.11	0.12	0.11
Profit before tax	0.55	1.43	-0.09	-0.72	1.57	0.49	0.71	3.60	1.15	4.24	2.17	1.31
Tax %	20.00%	30.07%	33.33%	-26.39%	29.30%	24.49%	36.62%	24.17%	18.26%	23.82%	14.75%	25.19%
Net Profit	0.44	1.01	-0.13	-0.53	1.11	0.38	0.45	2.73	0.94	3.22	1.85	0.98
EPS in Rs	1.10	1.87	-0.24	-0.98	2.06	0.70	0.83	5.06	1.71	5.85	3.36	1.78

Last Updated: March 4, 2025, 12:22 pm

Below is a detailed analysis of the quarterly data for Evans Electric Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Sales, as of Sep 2024, the value is 4.77 Cr.. The value appears to be declining and may need further review. It has decreased from 11.50 Cr. (Mar 2024) to 4.77 Cr., marking a decrease of 6.73 Cr..
For Expenses, as of Sep 2024, the value is 3.46 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 9.44 Cr. (Mar 2024) to 3.46 Cr., marking a decrease of 5.98 Cr..
For Operating Profit, as of Sep 2024, the value is 1.31 Cr.. The value appears to be declining and may need further review. It has decreased from 2.06 Cr. (Mar 2024) to 1.31 Cr., marking a decrease of 0.75 Cr..
For OPM %, as of Sep 2024, the value is 27.46%. The value appears strong and on an upward trend. It has increased from 17.91% (Mar 2024) to 27.46%, marking an increase of 9.55%.
For Other Income, as of Sep 2024, the value is 0.25 Cr.. The value appears to be declining and may need further review. It has decreased from 0.30 Cr. (Mar 2024) to 0.25 Cr., marking a decrease of 0.05 Cr..
For Interest, as of Sep 2024, the value is 0.14 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.07 Cr. (Mar 2024) to 0.14 Cr., marking an increase of 0.07 Cr..
For Depreciation, as of Sep 2024, the value is 0.11 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.12 Cr. (Mar 2024) to 0.11 Cr., marking a decrease of 0.01 Cr..
For Profit before tax, as of Sep 2024, the value is 1.31 Cr.. The value appears to be declining and may need further review. It has decreased from 2.17 Cr. (Mar 2024) to 1.31 Cr., marking a decrease of 0.86 Cr..
For Tax %, as of Sep 2024, the value is 25.19%. The value appears to be increasing, which may not be favorable. It has increased from 14.75% (Mar 2024) to 25.19%, marking an increase of 10.44%.
For Net Profit, as of Sep 2024, the value is 0.98 Cr.. The value appears to be declining and may need further review. It has decreased from 1.85 Cr. (Mar 2024) to 0.98 Cr., marking a decrease of 0.87 Cr..
For EPS in Rs, as of Sep 2024, the value is 1.78. The value appears to be declining and may need further review. It has decreased from 3.36 (Mar 2024) to 1.78, marking a decrease of 1.58.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 4:05 pm

Metric	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	6.78	4.56	4.72	5.03	10.60	5.61	6.65	7.28	9.53	7.34	19.13	20.67	16.27
Expenses	5.63	3.90	4.14	4.25	6.93	4.77	4.99	5.71	8.57	6.12	14.82	14.26	12.90
Operating Profit	1.15	0.66	0.58	0.78	3.67	0.84	1.66	1.57	0.96	1.22	4.31	6.41	3.37
OPM %	16.96%	14.47%	12.29%	15.51%	34.62%	14.97%	24.96%	21.57%	10.07%	16.62%	22.53%	31.01%	20.71%
Other Income	0.12	0.07	0.10	0.09	0.11	0.23	0.38	0.32	0.24	0.30	0.70	0.48	0.55
Interest	0.00	0.04	0.01	0.03	0.03	0.03	0.04	0.06	0.12	0.14	0.08	0.25	0.21
Depreciation	0.27	0.32	0.32	0.26	0.31	0.37	0.27	0.33	0.23	0.17	0.19	0.24	0.23
Profit before tax	1.00	0.37	0.35	0.58	3.44	0.67	1.73	1.50	0.85	1.21	4.74	6.40	3.48
Tax %	31.00%	32.43%	34.29%	31.03%	31.40%	28.36%	29.48%	31.33%	31.76%	31.40%	22.78%	20.94%
Net Profit	0.69	0.26	0.22	0.41	2.37	0.47	1.21	1.03	0.58	0.82	3.66	5.07	2.83
EPS in Rs	34.50	13.00	11.00	20.50	118.50	23.50	3.02	1.91	1.07	1.52	6.65	9.22	5.14
Dividend Payout %	7.25%	15.38%	18.18%	9.76%	4.22%	10.64%	18.18%	39.90%	28.34%	33.41%	14.97%	16.21%

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 (%)	-62.32%	-15.38%	86.36%	478.05%	-80.17%	157.45%	-14.88%	-43.69%	41.38%	346.34%	38.52%
Change in YoY Net Profit Growth (%)	0.00%	46.93%	101.75%	391.69%	-558.22%	237.62%	-172.32%	-28.81%	85.07%	304.96%	-307.82%

Evans Electric Ltd 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:	16%
5 Years:	25%
3 Years:	29%
TTM:	15%

Compounded Profit Growth
10 Years:	34%
5 Years:	32%
3 Years:	106%
TTM:	-32%

Stock Price CAGR
10 Years:	%
5 Years:	25%
3 Years:	78%
1 Year:	27%

Return on Equity
10 Years:	17%
5 Years:	17%
3 Years:	21%
Last Year:	28%

Last Updated: Unknown

Balance Sheet

Last Updated: April 13, 2025, 1:48 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	0.50	0.50	0.50	0.50	0.50	0.50	1.00	1.37	1.37	1.37	2.74	2.74	2.74
Reserves	3.38	3.59	3.56	3.93	6.17	6.48	7.19	9.26	9.56	10.22	12.24	16.76	17.74
Borrowings	0.00	0.44	0.00	0.06	0.48	0.00	0.00	0.16	0.11	0.72	0.00	0.40	0.00
Other Liabilities	1.38	1.67	1.32	1.11	2.34	1.32	1.19	1.40	1.66	1.30	1.92	4.78	3.47
Total Liabilities	5.26	6.20	5.38	5.60	9.49	8.30	9.38	12.19	12.70	13.61	16.90	24.68	23.95
Fixed Assets	2.60	2.93	2.54	2.30	2.59	2.29	2.07	2.04	1.83	1.66	1.89	1.76	1.73
CWIP	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
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.98	2.73	3.36	4.69	9.51	11.89	13.42
Other Assets	2.66	3.27	2.84	3.30	6.90	6.01	6.33	7.42	7.51	7.26	5.50	11.03	8.80
Total Assets	5.26	6.20	5.38	5.60	9.49	8.30	9.38	12.19	12.70	13.61	16.90	24.68	23.95

Below is a detailed analysis of the balance sheet data for Evans Electric Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹2.74 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 2.74 Cr..
For Reserves, as of Sep 2024, the value is ₹17.74 Cr.. The value appears strong and on an upward trend. It has increased from 16.76 Cr. (Mar 2024) to ₹17.74 Cr., marking an increase of 0.98 Cr..
For Borrowings, as of Sep 2024, the value is ₹0.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 0.40 Cr. (Mar 2024) to ₹0.00 Cr., marking a decrease of 0.40 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹3.47 Cr.. The value appears to be improving (decreasing). It has decreased from 4.78 Cr. (Mar 2024) to ₹3.47 Cr., marking a decrease of 1.31 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹23.95 Cr.. The value appears to be improving (decreasing). It has decreased from 24.68 Cr. (Mar 2024) to ₹23.95 Cr., marking a decrease of 0.73 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1.73 Cr.. The value appears to be declining and may need further review. It has decreased from 1.76 Cr. (Mar 2024) to ₹1.73 Cr., marking a decrease of 0.03 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Sep 2024, the value is ₹13.42 Cr.. The value appears strong and on an upward trend. It has increased from 11.89 Cr. (Mar 2024) to ₹13.42 Cr., marking an increase of 1.53 Cr..
For Other Assets, as of Sep 2024, the value is ₹8.80 Cr.. The value appears to be declining and may need further review. It has decreased from 11.03 Cr. (Mar 2024) to ₹8.80 Cr., marking a decrease of 2.23 Cr..
For Total Assets, as of Sep 2024, the value is ₹23.95 Cr.. The value appears to be declining and may need further review. It has decreased from 24.68 Cr. (Mar 2024) to ₹23.95 Cr., marking a decrease of 0.73 Cr..

Notably, the Reserves (17.74 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

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 +	0.00	-0.04	1.44	-0.35	2.64	0.98	0.38	-0.29	-0.19	1.06	6.31	3.57
Cash from Investing Activity +	0.00	-0.59	-0.09	0.05	-0.53	0.13	-0.65	-1.80	-0.46	-1.20	-5.26	-1.12
Cash from Financing Activity +	0.00	-0.03	-0.10	0.00	0.29	-0.50	-0.02	1.54	-0.34	0.43	-1.01	-0.56
Net Cash Flow	0.00	-0.66	1.25	-0.30	2.40	0.60	-0.29	-0.55	-0.99	0.29	0.04	1.89

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	1.15	0.22	0.58	0.72	3.19	0.84	1.66	1.41	0.85	0.50	4.31	6.01

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	64.06	150.48	61.09	116.83	52.34	57.25	56.53	60.16	91.92	48.73	10.68	93.59
Inventory Days		57.74	56.70	69.27	64.32	111.28	150.29	376.90	58.70	237.25	29.47	101.94
Days Payable		309.32	219.71	266.42	181.00	231.46	131.51	230.11	66.17	133.83	51.39	383.09
Cash Conversion Cycle	64.06	-101.10	-101.92	-80.32	-64.34	-62.93	75.32	206.96	84.45	152.15	-11.23	-187.56
Working Capital Days	21.00	75.24	2.32	58.78	35.12	31.23	69.16	134.37	136.35	165.59	15.65	67.46
ROCE %	28.09%	9.75%	8.38%	14.27%	59.62%	10.33%	23.20%	16.12%	8.52%	10.88%	31.07%	36.35%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
Promoters	58.31%	59.40%	59.44%	59.44%	59.44%	59.44%	59.44%	59.44%	59.44%	59.44%	59.44%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%	0.00%
Public	41.69%	40.60%	40.56%	40.56%	40.56%	40.56%	40.56%	40.56%	40.56%	40.13%	40.57%
No. of Shareholders	73	76	78	78	200	248	255	333	333	362	461

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	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	18.48	13.35	6.00	4.22	7.78
Diluted EPS (Rs.)	18.48	13.35	6.00	4.22	7.78
Cash EPS (Rs.)	19.34	14.03	7.27	5.92	9.97
Book Value[Excl.RevalReserv]/Share (Rs.)	71.08	54.60	84.51	79.69	77.47
Book Value[Incl.RevalReserv]/Share (Rs.)	71.08	54.60	84.51	79.69	77.47
Dividend / Share (Rs.)	3.00	2.00	2.00	1.20	3.00
Revenue From Operations / Share (Rs.)	75.33	69.72	53.53	69.47	53.07
PBDIT / Share (Rs.)	25.13	17.04	11.06	8.78	13.79
PBIT / Share (Rs.)	24.26	16.36	9.79	7.09	11.35
PBT / Share (Rs.)	23.34	16.06	8.78	6.19	10.89
Net Profit / Share (Rs.)	18.48	13.35	6.00	4.22	7.53
PBDIT Margin (%)	33.35	24.44	20.66	12.64	25.98
PBIT Margin (%)	32.21	23.46	18.29	10.20	21.39
PBT Margin (%)	30.98	23.03	16.40	8.91	20.52
Net Profit Margin (%)	24.53	19.14	11.21	6.07	14.19
Return on Networth / Equity (%)	26.00	24.44	7.10	5.29	9.72
Return on Capital Employeed (%)	34.01	29.96	11.58	8.89	14.65
Return On Assets (%)	20.54	21.67	6.04	4.56	8.47
Total Debt / Equity (X)	0.02	0.00	0.06	0.01	0.01
Asset Turnover Ratio (%)	0.99	1.25	0.55	0.76	0.67
Current Ratio (X)	2.15	2.85	3.56	4.20	4.66
Quick Ratio (X)	2.03	2.65	2.98	3.89	4.05
Inventory Turnover Ratio (X)	4.61	5.34	2.72	4.41	1.35
Dividend Payout Ratio (NP) (%)	10.82	7.49	19.71	47.35	42.47
Dividend Payout Ratio (CP) (%)	10.33	7.12	16.28	33.80	32.09
Earning Retention Ratio (%)	89.18	92.51	80.29	52.65	57.53
Cash Earning Retention Ratio (%)	89.67	92.88	83.72	66.20	67.91
Interest Coverage Ratio (X)	27.29	57.18	10.92	9.81	30.11
Interest Coverage Ratio (Post Tax) (X)	21.07	41.73	6.93	5.72	17.45
Enterprise Value (Cr.)	56.36	25.71	11.48	37.01	24.41
EV / Net Operating Revenue (X)	2.73	1.34	1.56	3.88	3.35
EV / EBITDA (X)	8.18	5.50	7.57	30.72	12.90
MarketCap / Net Operating Revenue (X)	2.83	1.49	1.81	4.10	3.77
Retention Ratios (%)	89.17	92.50	80.28	52.64	57.52
Price / BV (X)	3.00	1.90	1.15	3.58	2.58
Price / Net Operating Revenue (X)	2.83	1.49	1.81	4.10	3.77
EarningsYield	0.08	0.12	0.06	0.01	0.03

After reviewing the key financial ratios for Evans Electric Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 18.48. This value is within the healthy range. It has increased from 13.35 (Mar 23) to 18.48, marking an increase of 5.13.
For Diluted EPS (Rs.), as of Mar 24, the value is 18.48. This value is within the healthy range. It has increased from 13.35 (Mar 23) to 18.48, marking an increase of 5.13.
For Cash EPS (Rs.), as of Mar 24, the value is 19.34. This value is within the healthy range. It has increased from 14.03 (Mar 23) to 19.34, marking an increase of 5.31.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 71.08. It has increased from 54.60 (Mar 23) to 71.08, marking an increase of 16.48.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 71.08. It has increased from 54.60 (Mar 23) to 71.08, marking an increase of 16.48.
For Dividend / Share (Rs.), as of Mar 24, the value is 3.00. This value is within the healthy range. It has increased from 2.00 (Mar 23) to 3.00, marking an increase of 1.00.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 75.33. It has increased from 69.72 (Mar 23) to 75.33, marking an increase of 5.61.
For PBDIT / Share (Rs.), as of Mar 24, the value is 25.13. This value is within the healthy range. It has increased from 17.04 (Mar 23) to 25.13, marking an increase of 8.09.
For PBIT / Share (Rs.), as of Mar 24, the value is 24.26. This value is within the healthy range. It has increased from 16.36 (Mar 23) to 24.26, marking an increase of 7.90.
For PBT / Share (Rs.), as of Mar 24, the value is 23.34. This value is within the healthy range. It has increased from 16.06 (Mar 23) to 23.34, marking an increase of 7.28.
For Net Profit / Share (Rs.), as of Mar 24, the value is 18.48. This value is within the healthy range. It has increased from 13.35 (Mar 23) to 18.48, marking an increase of 5.13.
For PBDIT Margin (%), as of Mar 24, the value is 33.35. This value is within the healthy range. It has increased from 24.44 (Mar 23) to 33.35, marking an increase of 8.91.
For PBIT Margin (%), as of Mar 24, the value is 32.21. This value exceeds the healthy maximum of 20. It has increased from 23.46 (Mar 23) to 32.21, marking an increase of 8.75.
For PBT Margin (%), as of Mar 24, the value is 30.98. This value is within the healthy range. It has increased from 23.03 (Mar 23) to 30.98, marking an increase of 7.95.
For Net Profit Margin (%), as of Mar 24, the value is 24.53. This value exceeds the healthy maximum of 10. It has increased from 19.14 (Mar 23) to 24.53, marking an increase of 5.39.
For Return on Networth / Equity (%), as of Mar 24, the value is 26.00. This value is within the healthy range. It has increased from 24.44 (Mar 23) to 26.00, marking an increase of 1.56.
For Return on Capital Employeed (%), as of Mar 24, the value is 34.01. This value is within the healthy range. It has increased from 29.96 (Mar 23) to 34.01, marking an increase of 4.05.
For Return On Assets (%), as of Mar 24, the value is 20.54. This value is within the healthy range. It has decreased from 21.67 (Mar 23) to 20.54, marking a decrease of 1.13.
For Total Debt / Equity (X), as of Mar 24, the value is 0.02. This value is within the healthy range. It has increased from 0.00 (Mar 23) to 0.02, marking an increase of 0.02.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.99. It has decreased from 1.25 (Mar 23) to 0.99, marking a decrease of 0.26.
For Current Ratio (X), as of Mar 24, the value is 2.15. This value is within the healthy range. It has decreased from 2.85 (Mar 23) to 2.15, marking a decrease of 0.70.
For Quick Ratio (X), as of Mar 24, the value is 2.03. This value exceeds the healthy maximum of 2. It has decreased from 2.65 (Mar 23) to 2.03, marking a decrease of 0.62.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 4.61. This value is within the healthy range. It has decreased from 5.34 (Mar 23) to 4.61, marking a decrease of 0.73.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 10.82. This value is below the healthy minimum of 20. It has increased from 7.49 (Mar 23) to 10.82, marking an increase of 3.33.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 10.33. This value is below the healthy minimum of 20. It has increased from 7.12 (Mar 23) to 10.33, marking an increase of 3.21.
For Earning Retention Ratio (%), as of Mar 24, the value is 89.18. This value exceeds the healthy maximum of 70. It has decreased from 92.51 (Mar 23) to 89.18, marking a decrease of 3.33.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 89.67. This value exceeds the healthy maximum of 70. It has decreased from 92.88 (Mar 23) to 89.67, marking a decrease of 3.21.
For Interest Coverage Ratio (X), as of Mar 24, the value is 27.29. This value is within the healthy range. It has decreased from 57.18 (Mar 23) to 27.29, marking a decrease of 29.89.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 21.07. This value is within the healthy range. It has decreased from 41.73 (Mar 23) to 21.07, marking a decrease of 20.66.
For Enterprise Value (Cr.), as of Mar 24, the value is 56.36. It has increased from 25.71 (Mar 23) to 56.36, marking an increase of 30.65.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.73. This value is within the healthy range. It has increased from 1.34 (Mar 23) to 2.73, marking an increase of 1.39.
For EV / EBITDA (X), as of Mar 24, the value is 8.18. This value is within the healthy range. It has increased from 5.50 (Mar 23) to 8.18, marking an increase of 2.68.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.83. This value is within the healthy range. It has increased from 1.49 (Mar 23) to 2.83, marking an increase of 1.34.
For Retention Ratios (%), as of Mar 24, the value is 89.17. This value exceeds the healthy maximum of 70. It has decreased from 92.50 (Mar 23) to 89.17, marking a decrease of 3.33.
For Price / BV (X), as of Mar 24, the value is 3.00. This value is within the healthy range. It has increased from 1.90 (Mar 23) to 3.00, marking an increase of 1.10.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.83. This value is within the healthy range. It has increased from 1.49 (Mar 23) to 2.83, marking an increase of 1.34.
For EarningsYield, as of Mar 24, the value is 0.08. This value is below the healthy minimum of 5. It has decreased from 0.12 (Mar 23) to 0.08, marking a decrease of 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Evans Electric Ltd as of April 25, 2025 is: 248.25

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 April 25, 2025, Evans Electric Ltd is Undervalued by 63.32% compared to the current share price 152.00

Intrinsic Value of Evans Electric Ltd as of April 25, 2025 is: 339.79

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 April 25, 2025, Evans Electric Ltd is Undervalued by 123.55% compared to the current share price 152.00

Last 5 Year EPS CAGR: 36.87%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.38%, which is a positive sign. The stock has a low average Cash Conversion Cycle of -2.21, which is a positive sign. The company has higher reserves (8.47 cr) compared to borrowings (0.18 cr), indicating strong financial stability. The company has shown consistent growth in sales (9.55 cr) and profit (2.02 cr) over the years.	The stock has a high average Working Capital Days of 67.69, which may not be favorable.

Stock Analysis

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 Evans Electric Ltd:
1. Net Profit Margin: 24.53%
  - 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: 34.01% (Industry Average ROCE: 15.11%)
  - 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%: 26% (Industry Average ROE: 17.85%)
  - 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): 21.07
  - 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: 2.03
  - 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: 29.5 (Industry average Stock P/E: 104.89)
  - 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: 0.02
  - 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

Evans Electric Ltd. is a Public Limited Listed company incorporated on 29/12/1951 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L74999MH1951PLC008715 and registration number is 008715. Currently Company is involved in the business activities of Repair of electrical equipment. Company's Total Operating Revenue is Rs. 20.67 Cr. and Equity Capital is Rs. 2.74 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Electric Equipment - General	No.430, Orchard Mall, 3rd Floor, Royal Palms Estate, Mumbai Maharashtra 400065	evanselectric.mumbai@gmail.com http://www.evanselectric.co.in

Management
Name	Position Held
Mr. Ivor Anthony Desouza	Chairman & Executive Director
Mr. Nelson Lionel Fernandes	Managing Director
Ms. Iyleen Matilda Fernandes	Whole Time Director
Mr. Christopher Joseph Rodricks	Independent Director
Mr. Krishna Pal Singh	Independent Director
Mr. Rajkumar Mohan Keswani	Alternate Director

FAQ

What is the intrinsic value of Evans Electric Ltd?

Evans Electric Ltd's intrinsic value (as of 25 April 2025) is ₹248.25 — 63.32% higher the current market price of 152.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 83.4 Cr. market cap, FY2025-2026 high/low of ₹252/112, reserves of 17.74 Cr, and liabilities of 23.95 Cr.

What is the Market Cap of Evans Electric Ltd?

The Market Cap of Evans Electric Ltd is 83.4 Cr..

What is the current Stock Price of Evans Electric Ltd as on 25 April 2025?

The current stock price of Evans Electric Ltd as on 25 April 2025 is 152.

What is the High / Low of Evans Electric Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Evans Electric Ltd stocks is ₹252/112.

What is the Stock P/E of Evans Electric Ltd?

The Stock P/E of Evans Electric Ltd is 29.5.

What is the Book Value of Evans Electric Ltd?

The Book Value of Evans Electric Ltd is 37.2.

What is the Dividend Yield of Evans Electric Ltd?

The Dividend Yield of Evans Electric Ltd is 0.99 %.

What is the ROCE of Evans Electric Ltd?

The ROCE of Evans Electric Ltd is 36.4 %.

What is the ROE of Evans Electric Ltd?

The ROE of Evans Electric Ltd is 28.0 %.

What is the Face Value of Evans Electric Ltd?

The Face Value of Evans Electric Ltd is 10.0.