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Last Updated: April 2, 2026, 4:35 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542668 | NSE: EVANS

Evans Electric Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹68.75Fairly Valued by 5.82%vs CMP ₹73.00

P/E (5.8) × ROE (30.0%) × BV (₹48.40) × DY (2.05%)

₹122.12Undervalued by 67.29%vs CMP ₹73.00
MoS: +40.2% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 3 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹104.9421%Under (+43.8%)
Graham NumberEarnings₹117.0915%Under (+60.4%)
Earnings PowerEarnings₹79.6710%Fair (+9.1%)
DCFCash Flow₹308.6210%Under (+322.8%)
Net Asset ValueAssets₹48.397%Over (-33.7%)
EV/EBITDAEnterprise₹213.879%Under (+193%)
Dividend DiscountDividends₹66.009%Fair (-9.6%)
Earnings YieldEarnings₹125.907%Under (+72.5%)
ROCE CapitalReturns₹35.857%Over (-50.9%)
Revenue MultipleRevenue₹69.585%Fair (-4.7%)
Consensus (10 models)₹122.12100%Undervalued
Key Drivers: EPS CAGR 52.6% lifts DCF — verify sustainability. | Wide model spread (₹36–₹309) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 52.6%

*Investments are subject to market risks

Investment Snapshot

76
Evans Electric Ltd scores 76/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 40.8% ExcellentROE 30.0% ExcellentD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 59.4% Stable
Earnings Quality55/100 · Moderate
OPM expanding (20% → 34%) ImprovingWorking capital: 139 days Capital intensive
Quarterly Momentum80/100 · Strong
Revenue (4Q): +36% YoY AcceleratingProfit (4Q): +33% YoY StrongOPM: 8.4% (down 39.0% YoY) Margin pressure
Industry Rank100/100 · Strong
P/E 5.8 vs industry 61.2 Cheaper than peersROCE 40.8% vs industry 16.4% Above peersROE 30.0% vs industry 15.9% Above peers3Y sales CAGR: 51% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:35 am

Market Cap 40.1 Cr.
Current Price 73.0
Intrinsic Value₹122.12
High / Low 250/60.0
Stock P/E5.80
Book Value 48.4
Dividend Yield2.05 %
ROCE40.8 %
ROE30.0 %
Face Value 10.0
PEG Ratio0.11

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

View Share Price Target for Evans Electric Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Evans Electric Ltd 40.1 Cr. 73.0 250/60.05.80 48.42.05 %40.8 %30.0 % 10.0
Edvenswa Enterprises Ltd 64.2 Cr. 22.0 54.7/19.05.45 46.60.00 %16.6 %13.0 % 10.0
Modison Ltd 406 Cr. 125 197/10910.9 69.82.80 %15.5 %12.1 % 1.00
Godha Cabcon and Insulation Ltd 82.7 Cr. 0.56 1.41/0.4511.1 0.670.00 %7.94 %8.54 % 1.00
Genus Power Infrastructures Ltd 7,149 Cr. 235 422/20713.2 62.61.04 %19.2 %18.1 % 1.00
Industry Average12,116.17 Cr516.5461.1898.010.35%16.40%15.91%6.47

All Competitor Stocks of Evans Electric Ltd

Quarterly Result

MetricSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 3.623.663.845.703.314.0414.184.959.1811.504.7720.716.88
Expenses 2.163.564.554.022.773.3711.053.764.839.443.4612.466.30
Operating Profit 1.460.10-0.711.680.540.673.131.194.352.061.318.250.58
OPM % 40.33%2.73%-18.49%29.47%16.31%16.58%22.07%24.04%47.39%17.91%27.46%39.84%8.43%
Other Income 0.170.000.120.120.070.240.610.080.180.300.250.790.31
Interest 0.040.020.070.060.030.110.050.030.180.070.140.190.00
Depreciation 0.160.170.060.170.090.090.090.090.110.120.110.120.14
Profit before tax 1.43-0.09-0.721.570.490.713.601.154.242.171.318.730.75
Tax % 30.07%33.33%-26.39%29.30%24.49%36.62%24.17%18.26%23.82%14.75%25.19%24.51%57.33%
Net Profit 1.01-0.13-0.531.110.380.452.730.943.221.850.986.590.32
EPS in Rs 1.87-0.24-0.982.060.700.835.061.715.853.361.7812.010.58

Last Updated: December 27, 2025, 1:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 3:45 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4.564.725.0310.605.616.657.289.537.3419.1320.6725.4827.59
Expenses 3.904.144.256.934.774.995.718.576.1214.8214.2615.9218.76
Operating Profit 0.660.580.783.670.841.661.570.961.224.316.419.568.83
OPM % 14.47%12.29%15.51%34.62%14.97%24.96%21.57%10.07%16.62%22.53%31.01%37.52%32.00%
Other Income 0.070.100.090.110.230.380.320.240.300.700.481.041.10
Interest 0.040.010.030.030.030.040.060.120.140.080.250.330.19
Depreciation 0.320.320.260.310.370.270.330.230.170.190.240.230.26
Profit before tax 0.370.350.583.440.671.731.500.851.214.746.4010.049.48
Tax % 32.43%34.29%31.03%31.40%28.36%29.48%31.33%31.76%31.40%22.78%20.94%24.60%
Net Profit 0.260.220.412.370.471.211.030.580.823.665.077.576.91
EPS in Rs 13.0011.0020.50118.5023.503.021.911.071.526.659.2213.7912.59
Dividend Payout % 15.38%18.18%9.76%4.22%10.64%18.18%39.90%28.34%33.41%14.97%16.21%10.86%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-15.38%86.36%478.05%-80.17%157.45%-14.88%-43.69%41.38%346.34%38.52%49.31%
Change in YoY Net Profit Growth (%)0.00%101.75%391.69%-558.22%237.62%-172.32%-28.81%85.07%304.96%-307.82%10.79%

Evans Electric Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:28%
3 Years:51%
TTM:23%
Compounded Profit Growth
10 Years:42%
5 Years:50%
3 Years:115%
TTM:57%
Stock Price CAGR
10 Years:%
5 Years:27%
3 Years:90%
1 Year:6%
Return on Equity
10 Years:21%
5 Years:22%
3 Years:29%
Last Year:33%

Last Updated: September 5, 2025, 3:26 pm

Balance Sheet

Last Updated: February 1, 2026, 4:46 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.500.500.500.500.501.001.371.371.372.742.745.485.49
Reserves 3.593.563.936.176.487.199.269.5610.2212.2416.7620.7721.09
Borrowings 0.440.000.060.480.000.000.160.110.720.000.400.000.00
Other Liabilities 1.671.321.112.341.321.191.401.661.301.924.788.723.63
Total Liabilities 6.205.385.609.498.309.3812.1912.7013.6116.9024.6834.9730.21
Fixed Assets 2.932.542.302.592.292.072.041.831.661.891.762.012.02
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.000.000.000.000.000.982.733.364.699.5111.3713.9611.20
Other Assets 3.272.843.306.906.016.337.427.517.265.5011.5519.0016.99
Total Assets 6.205.385.609.498.309.3812.1912.7013.6116.9024.6834.9730.21

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.041.44-0.352.640.980.38-0.29-0.191.066.313.570.70
Cash from Investing Activity + -0.59-0.090.05-0.530.13-0.65-1.80-0.46-1.20-5.26-1.12-1.84
Cash from Financing Activity + -0.03-0.100.000.29-0.50-0.021.54-0.340.43-1.01-0.56-0.84
Net Cash Flow -0.661.25-0.302.400.60-0.29-0.55-0.990.290.041.89-1.98
Free Cash Flow -0.691.30-0.382.040.860.32-0.60-0.221.065.893.470.13
CFO/OP 21%267%-31%101%154%43%27%7%104%158%65%30%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.220.580.723.190.841.661.410.850.504.316.019.56

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 150.4861.09116.8352.3457.2556.5360.1691.9248.7310.6893.59154.57
Inventory Days 57.7456.7069.2764.32111.28150.29376.9058.70237.2529.47101.94114.06
Days Payable 309.32219.71266.42181.00231.46131.51230.1166.17133.8351.39383.09533.81
Cash Conversion Cycle -101.10-101.92-80.32-64.34-62.9375.32206.9684.45152.15-11.23-187.56-265.18
Working Capital Days 75.242.3254.4218.5931.2369.16126.35132.14129.7915.6560.22138.95
ROCE %9.75%8.38%14.27%59.62%10.33%23.20%16.12%8.52%10.88%31.07%36.35%40.82%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Promoters 59.40%59.44%59.44%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%0.44%0.00%0.00%0.00%
Public 40.60%40.56%40.56%40.56%40.56%40.56%40.56%40.56%40.13%40.57%40.57%40.57%
No. of Shareholders 767878200248255333333362461577670

Shareholding Pattern Chart

No. of Shareholders

Evans Electric Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 21.9018.4813.356.004.22
Diluted EPS (Rs.) 21.9018.4813.356.004.22
Cash EPS (Rs.) 14.2319.3414.037.275.92
Book Value[Excl.RevalReserv]/Share (Rs.) 47.8471.0854.6084.5179.69
Book Value[Incl.RevalReserv]/Share (Rs.) 47.8471.0854.6084.5179.69
Dividend / Share (Rs.) 1.503.002.002.001.20
Revenue From Operations / Share (Rs.) 46.4375.3369.7253.5369.47
PBDIT / Share (Rs.) 19.3225.1317.0411.068.78
PBIT / Share (Rs.) 18.8924.2616.369.797.09
PBT / Share (Rs.) 18.2923.3416.068.786.19
Net Profit / Share (Rs.) 13.8018.4813.356.004.22
PBDIT Margin (%) 41.6133.3524.4420.6612.64
PBIT Margin (%) 40.6932.2123.4618.2910.20
PBT Margin (%) 39.4030.9823.0316.408.91
Net Profit Margin (%) 29.7224.5319.1411.216.07
Return on Networth / Equity (%) 28.8426.0024.447.105.29
Return on Capital Employeed (%) 39.3334.0129.9611.588.89
Return On Assets (%) 21.6520.5421.676.044.56
Total Debt / Equity (X) 0.000.020.000.060.01
Asset Turnover Ratio (%) 0.850.991.250.550.76
Current Ratio (X) 2.182.152.853.564.20
Quick Ratio (X) 2.092.032.652.983.89
Inventory Turnover Ratio (X) 37.024.615.342.724.41
Dividend Payout Ratio (NP) (%) 10.8610.827.4919.7147.35
Dividend Payout Ratio (CP) (%) 10.5410.337.1216.2833.80
Earning Retention Ratio (%) 89.1489.1892.5180.2952.65
Cash Earning Retention Ratio (%) 89.4689.6792.8883.7266.20
Interest Coverage Ratio (X) 32.1427.2957.1810.929.81
Interest Coverage Ratio (Post Tax) (X) 23.9721.0741.736.935.72
Enterprise Value (Cr.) 72.1356.3625.7111.4837.01
EV / Net Operating Revenue (X) 2.832.731.341.563.88
EV / EBITDA (X) 6.808.185.507.5730.72
MarketCap / Net Operating Revenue (X) 2.852.831.491.814.10
Retention Ratios (%) 89.1389.1792.5080.2852.64
Price / BV (X) 2.773.001.901.153.58
Price / Net Operating Revenue (X) 2.852.831.491.814.10
EarningsYield 0.100.080.120.060.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 25.48 Cr. and Equity Capital is Rs. 5.49 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - General501/B - Wing, Raj Residency, Gujar Lane, Off S. V. Road, Mumbai Maharashtra 400054Contact not found
Management
NamePosition Held
Mr. Ivor Anthony DesouzaChairman & Executive Director
Mr. Wilson DesouzaWhole Time Director
Mr. Kalyan Vijay SivalenkaNon Executive Director
Mr. Christopher Joseph RodricksIndependent Director
Mr. Lancelot Gerard DcunhaIndependent Director
Ms. Olga Noela Lume PereiraIndependent Woman Director

FAQ

What is the intrinsic value of Evans Electric Ltd and is it undervalued?

As of 15 April 2026, Evans Electric Ltd's intrinsic value is ₹122.12, which is 67.29% higher than the current market price of ₹73.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (30.0 %), book value (₹48.4), dividend yield (2.05 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Evans Electric Ltd?

Evans Electric Ltd is trading at ₹73.00 as of 15 April 2026, with a FY2026-2027 high of ₹250 and low of ₹60.0. The stock is currently near its 52-week low. Market cap stands at ₹40.1 Cr..

How does Evans Electric Ltd's P/E ratio compare to its industry?

Evans Electric Ltd has a P/E ratio of 5.80, which is below the industry average of 61.18. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Evans Electric Ltd financially healthy?

Key indicators for Evans Electric Ltd: ROCE of 40.8 % indicates efficient capital utilization; ROE of 30.0 % shows strong shareholder returns. Dividend yield is 2.05 %.

Is Evans Electric Ltd profitable and how is the profit trend?

Evans Electric Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹25 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Evans Electric Ltd pay dividends?

Evans Electric Ltd has a dividend yield of 2.05 % at the current price of ₹73.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Evans Electric Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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