Greater Noida-based manufacturer of static and smart energy meters, metering accessories and related power-electronics products for India's utility (DISCOM) and industrial markets, founded 1977.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 88.0 | +18.9% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 12.0 | −3.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.0 | −14.3% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −15.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -28.05 | −14.6 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −50.1 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
7 targets tracked, none judged yet · 7 open · verdicts reflect calls analysed to Q2 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 Revenue Growth | 30% - 40% increase from our last year's financial turnover | Q2 FY26 | Target set for FY26 despite muted H1 performance. | New |
7 of Eppeltone Engineers Ltd's 7 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 6 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹168.65 on 24 Oct 2025 → ₹126.95. High ₹221.35 (1 Dec 2025), low ₹91.1 (29 Jun 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Eppeltone Engineers, founded in 1977, began by manufacturing SMPS and power-conditioning products before diversifying into energy meter manufacturing in 1999. It designs and manufactures single- and three-phase static and smart energy meters, multifunction meters and metering accessories from its facility in Greater Noida, Uttar Pradesh, serving DISCOMs, CPSUs, AMISPs and turnkey contractors as well as private B2B and B2C customers. The company has since diversified into power & energy systems (UPS, battery chargers), electronics & lighting, and software/analytics platforms, including its proprietary MidasEpp IoT-enabled Head-End System (HES) for AMI/smart-grid deployments, and has newly launched gas and water meters and a railway underslung charger.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
7 targets tracked, none judged yet · 7 open · verdicts reflect calls analysed to Q2 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 Revenue Growth | 30% - 40% increase from our last year's financial turnover | Q2 FY26 | Target set for FY26 despite muted H1 performance. | New |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 7 tracked commitments, with each call’s wording and source.
Call summaries
EEPL Q2 FY26
EEPL reported a muted H1 FY26 revenue of ₹46 crores, primarily due to monsoon-related execution delays, but demonstrated strong margin expansion with EBITDA at 18.4%. The company maintains a robust order book of ₹416 crores and has ambitious growth targets, including a new automated facility and new product lines. However, rising receivables and a high attrition rate remain areas of concern.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: −14% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 50 | 74 | 46 | 88 |
| Expenses | 43 | 63 | 38 | 78 |
| Operating profit | 7 | 11 | 9 | 11 |
| Operating margin | 14.0% | 15.0% | 18.0% | 12.0% |
| Other income | 1 | 1 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 9 | 7 | 9 |
| Tax rate | 32.0% | 27.0% | 11.0% | 32.0% |
| Net profit | 4 | 7 | 6 | 6 |
| EPS (₹ per share) | 4.23 | 7.28 | 4.83 | 4.72 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 10 | 13 | 13 |
| Reserves | 6 | 8 | 20 | 30 | 72 | 78 |
| Borrowings | 11 | 13 | 16 | 31 | 30 | 39 |
| Other liabilities | 12 | 20 | 30 | 53 | 55 | 57 |
| Total liabilities | 34 | 44 | 70 | 124 | 170 | 186 |
| Fixed assets | 8 | 9 | 13 | 19 | 33 | 32 |
| Capital work in progress | 0 | 0 | 0 | 2 | 2 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 26 | 35 | 57 | 104 | 136 | 148 |
| Total assets | 34 | 44 | 70 | 124 | 170 | 186 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 1 | 2 | 0 | 3 | -8 | -18 |
| Cash from investing | -1 | -2 | -1 | -5 | -8 | -19 |
| Cash from financing | 0 | -1 | 1 | 6 | 15 | 37 |
| Net cash flow | 0 | 0 | 0 | 4 | -1 | 0 |
| Free cash flow | 0 | 1 | -1 | -2 | -17 | -38 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 179 | 36 | 83 | 127 | 80 | 187 |
| Inventory days | 93 | 56 | 68 | 104 | 205 | 244 |
| Days payable | 193 | 38 | 93 | 171 | 206 | 199 |
| Cash conversion cycle | 79 | 54 | 58 | 60 | 79 | 232 |
| Working capital days | 75 | 30 | 34 | 47 | 54 | 158 |
| Return on capital employed | — | 6.0% | 11.0% | 43.0% | 32.0% | 18.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Promoters hold 61.78% as of Mar 2026; institutions added 0.23 pts since Dec 2025.
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Named in the Mar 2026 filing
Every holder of Eppeltone Engineers Ltd above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| 39.72% | unchanged | |
| 21.64% | unchanged | |
| AIF | 3.40% | +0.39 pp |
| 3.10% | unchanged | |
| 1.24% | newly disclosed | |
| 0.27% | +0.12 pp | |
| 0.15% | unchanged | |
| — | off the list | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Free account: one company. Everything above stays public.
Write why you follow Eppeltone Engineers Ltd and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Guides on how to read this kind of business and the numbers that matter.
