Electro Force (India) share price & results
- Mar 2026
- Sept 2026
Vasai (Maharashtra)-based manufacturer of precision sheet-metal stamped components, plastic injection moldings and assemblies for the electrical, switchgear and lighting industries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9.7 | −73.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | -8.8 | −11.4 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | -0.23 | −119.5% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −0.9 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -2.08 | −0.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −107.1 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −61.0% 1Y
1Y: ₹42.6 on 24 Oct 2025 → ₹16.6. High ₹45 (28 Oct 2025), low ₹16.4 (30 Mar 2026).
- Previous close
- ₹16.4
- Market cap
- ₹38 Cr
- 52-week range
- ₹16.4 – ₹45
- One year
- −60.80%
- Price to earnings (FY ending Mar 2026)
- 60.95×
- Return on equity (FY ending Mar 2026)
- 0.88%
Overview
- Symbol
- NSE:EFORCE
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Electro Force (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
Electro Force (India) Limited designs and manufactures precision sheet-metal components, plastic injection moldings and related assemblies, primarily for customers in the Electrical & Electronics, Lighting and other engineering industries in India. Its core capabilities span product design, prototyping and process development through to high-speed sheet-metal stamping, injection and insert molding, progressive cold forging, high-frequency welding, and automated/manual assembly and testing. The company is expanding into a second manufacturing unit to make trolleys and material-handling equipment.
Segments
- Precision sheet-metal stamping & assemblies
- Plastic injection molding
- Material handling equipment (new)
- Manufacturing units
- 1 operating unit (Vasai, Maharashtra) + 1 new unit under construction (Chinchoti, Palghar/Vasai East)
- New product line under commissioning
- Trolleys & material handling equipment; commercial production targeted Q3 FY26 (Oct-Dec 2025)
- Core manufacturing capabilities
- 5 (high-speed sheet-metal stamping, injection & insert molding, progressive cold forging, high-frequency welding, automated & manual assembly/testing)
- Industries served
- Electrical & Electronics, Lighting, and other Engineering industries
- Quality certifications
- ISO 9001 & ISO 14001
- Operating track record
- Over a decade in design & manufacturing of precision sheet-metal components and plastic injection moldings
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −119% (quarter to mar 2026 against mar 2025).
| Line item | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 18 | 23 | 13 | 16 | 37 | 10 | 10 |
| Expenses | 11 | 13 | 15 | 15 | 36 | 10 | 11 |
| Operating profit | 7 | 10 | -1 | 0 | 1 | 0 | -1 |
| Operating margin | 37.1% | 42.4% | −10.2% | 2.6% | 2.6% | 0.6% | −8.8% |
| Other income | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 6 | 10 | -2 | 0 | 2 | 1 | -0 |
| Tax rate | 29.6% | 25.2% | −16.1% | 28.6% | 26.9% | 25.9% | −20.0% |
| Net profit | 4 | 7 | -1 | 0 | 1 | 1 | -0 |
| EPS (₹ per share) | 2.57 | 4.09 | -0.58 | 0.04 | 0.50 | 0.37 | -0.10 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 5 | 17 | 23 | 23 | 23 | 23 |
| Reserves | 5 | 1 | 47 | 48 | 49 | 49 |
| Borrowings | 9 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities | 29 | 54 | 15 | 5 | 5 | 5 |
| Total liabilities | 48 | 72 | 86 | 76 | 77 | 77 |
| Fixed assets | 3 | 3 | 3 | 2 | 2 | 2 |
| Capital work in progress | 0 | 0 | 0 | 18 | 18 | 18 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 44 | 69 | 83 | 56 | 57 | 57 |
| Total assets | 48 | 72 | 86 | 76 | 77 | 77 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 3 | 4 | -0 | -45 | 17 | -0 |
| Cash from investing | -4 | 3 | -0 | -1 | -16 | -0 |
| Cash from financing | 0 | 3 | -9 | 46 | -0 | -0 |
| Net cash flow | -0 | 10 | -9 | 0 | 1 | -1 |
| Free cash flow | -1 | 7 | -1 | -45 | -1 | -0 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 130 | 42 | 80 | 42 | 145 | 405 |
| Inventory days | 52 | 37 | 297 | 161 | 104 | 295 |
| Days payable | 99 | 79 | 91 | 64 | 29 | 110 |
| Cash conversion cycle | 83 | 1 | 287 | 139 | 220 | 590 |
| Working capital days | -12 | 52 | 166 | 649 | 339 | 949 |
| Return on capital employed | −26.0% | 79.3% | 58.9% | 18.9% | 2.8% | 1.3% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 62.89% as of Sept 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 62.89%
- Foreign institutions 0.00%
- Public 37.11%
Who is on the register
Named in the Sep 2026 filing
Every holder of Electro Force (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 47.39% | unchanged | |
| 14.69% | unchanged | |
| 3.74% | unchanged | |
| 0.80% | unchanged | |
| 0.01% | unchanged |
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.
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