EFORCE

Electro Force (India) Limited

Listed company · ISIN INE0Q1W01012 · NSE SM · FV ₹10
Last price
₹18
-0.54%today
What this company does

Electro Force (India) Limited is a listed company. It booked ₹10 cr of revenue in its latest half year (H2 FY26) and kept -2.4% of sales as profit.

47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,531–2,885 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns9

How much profit it earns on the money it employs

Balance sheet66

How much it owes, and whether earnings cover the interest

Cash quality6

Whether reported profit actually arrives as cash

Valuation92

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Promoters hold 63%
✓ No promoter shares pledged
✓ Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -2.4% net margin
! Sales down 74% vs last year
! Low -0.6% return on equity

What if I invest in EFORCE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹18▼ -0.54%
latest close · 2026-10-01
52-wk low ₹1748 sessions so far52-wk high ₹22
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.59Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-0.6%Loss
WeakFairStrong ▸15%
Return on capital-0.7%Loss
WeakFairStrong
Net margin-2.4%Loss
ThinDecentStrong
EBITDA margin-0.5%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover-10.5×Risky
RiskyOkayStrong ▸5×
Current ratio10.65Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹42 cr
Book value
₹31
EPS
₹-0.10
latest half year
Net debt
₹-1 cr
more cash than debt
Enterprise value
₹41 cr
EBITDA
₹-10.3 L
annualised
EBIT
₹-53.5 L
annualised
Operating margin
-2.8%
Return on assets
-0.6%
Earnings yield
—
P/S
2.19
Sales / share
₹8.4
Tax rate
—
Face value
₹0
Shares
2.3 cr
Working capital
₹51 cr
Current assets
₹57 cr
Current liabilities
₹5 cr
Delivery %
89.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹14–₹14, midpoint ₹14

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹10 cr
Other Income₹79.9 L
Total Income₹10 cr
Cost of Materials₹9 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹28.1 L
Employee Benefit Expense₹50.7 L
Finance Costs₹2.5 L
Depreciation & Amortisation₹21.6 L
Other Expenses₹1 cr
Total Expenses₹11 cr
Profit before Tax₹-29.3 L
Tax Expense₹-6.3 L
Net Profit₹-23 L
Net margin on total income-2.2%
Where the money goes · H2 FY26
% of total spend
Materials + stock-in-trade₹9 cr82.1%
Employee benefit expense₹50.7 L4.7%
Finance costs₹2.5 L0.2%
Depreciation & amortisation₹21.6 L2.0%
Other expenses₹1 cr11.0%
Total income ₹10 cr

The company made a net loss of ₹23 L this half year — income covered only ₹97 of every ₹100 it spent on costs and tax.

Half-yearly results · consolidated (₹ cr)
MetricH2 FY25H1 FY26H2 FY26
Revenue37 cr10 cr10 cr
Total income38 cr11 cr10 cr
Expenses36 cr10 cr11 cr
Profit before tax2 cr1 cr-29.3 L
Tax42.4 L29.8 L-6.3 L
Net profit (owners' share)1 cr86.4 L-23 L
Net margin (owners' share, on revenue)3.2%9.0%-2.4%
EPS (₹)0.500.37-0.10
YoY (latest quarter): total income -72.3% · net profit —
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹77 cr
Shareholder equity
₹72 cr
parent shareholders
Total debt
₹0 cr
Cash
₹1 cr
Who owns it · 2026-03-31
No pledge
Promoter
62.9%
Public
37.1%
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company, for the year ended March 31, 2026 together with the Boards’ Report and Auditors' Report thereon;
This filing does not break the votes down by shareholder group.
2
To appoint a director in place of Mr. Santosh Kumar Palaria (DIN: 10094804), Director of the Company, who retires by rotation and being eligible, offers himself for re-appointment.
This filing does not break the votes down by shareholder group.
3
To appoint Mr. Ketan Vyas, Practicing Company Secretaries (Membership No.12064 and COP No. 25855) as Secretarial Auditors of the Company
This filing does not break the votes down by shareholder group.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 62.9% between them · as of 2026-03-31
AYESSPEA HOLDINGS AND INVESTMENTS PRIVATE LIMITED47.39%
GARUDA TELEVISION PVT LTD14.69%
PRAVINKUMAR BRIJENDRAKUMAR AGARWAL0.80%
JYOTSNA AGARWAL0.01%
AROMA COFFEES PRIVATE LIMITEDno shares
DEEPA TRAVEL PVT LTDno shares
GARUDA AVIATION SERVICES PRIVATE LIMITEDno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹56 cr raised in Dec 2023 by selling shares to the public

As of Mar 2025, the company says it has spent 100% of what it set aside.

Funding additional working capital requirements of our Company
100%
₹25 cr of ₹25 cr
Pursuing Inorganic Growth
100%
₹6 cr of ₹6 cr
General corporate purposes
100%
₹14 cr of ₹14 cr
Fresh Issue related Expense
100%
₹11 cr of ₹11 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.