EFORCE
Electro Force (India) financials
- Market cap
- ₹45 Cr
- Sector
- Capital Goods
What Electro Force (India) Limited does
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
Quarterly results
Q4 FY26: revenue down 27.6%, net profit up 83.1% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 18 | 23 | 13 | 16 | 37 +105% | 10 −59% | 10 −28% |
| EBITDA | 7 | 10 | -1 | 0 | 1 −86% | 0 −99% | -1 +38% |
| Net profit | 4 | 7 | -1 | 0 | 1 −74% | 1 −88% | -0 +83% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −52.6% 1Y
1Y: ₹41.15 on 10 Sept 2025 → ₹19.5. High ₹45 (28 Oct 2025), low ₹16.4 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹17 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr |
| Reserves | ₹-3 Cr | ₹5 Cr | ₹1 Cr | ₹47 Cr | ₹49 Cr | ₹49 Cr |
| Borrowings | ₹6 Cr | ₹9 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹10 Cr | ₹29 Cr | ₹54 Cr | ₹15 Cr | ₹5 Cr | ₹5 Cr |
| Total liabilities | ₹17 Cr | ₹48 Cr | ₹72 Cr | ₹86 Cr | ₹77 Cr | ₹77 Cr |
| Fixed assets | ₹7 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹18 Cr | ₹18 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹10 Cr | ₹44 Cr | ₹69 Cr | ₹83 Cr | ₹57 Cr | ₹57 Cr |
| Total assets | ₹17 Cr | ₹48 Cr | ₹72 Cr | ₹86 Cr | ₹77 Cr | ₹77 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
The ownership split has held steady since Mar 2025. The shareholder count shrank 5% to 3,281.
- Promoters
- 62.9%
- Public
- 37.1%
Since Mar 2025
- Public +0.07 pp
- Promoters −0.04 pp
- FIIs −0.03 pp
How it drifted, 6 quarters
Ownership split by quarter, oldest first. Dec '23: Promoters 62.9%, Public 37.1%.Mar '24: Promoters 62.9%, FIIs 0.0%, Public 37.0%.Sep '24: Promoters 62.5%, FIIs 0.0%, Public 37.5%.Mar '25: Promoters 62.9%, FIIs 0.0%, Public 37.0%.Sep '25: Promoters 62.9%, Public 37.1%.Mar '26: Promoters 62.9%, Public 37.1%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Gaurav Goyal +0.05 pp 3.70% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Electro Force (India) Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Ayesspea Holdings And Investments Private Limited | 47.39% | unchanged |
| Garuda Television Pvt Ltd | 14.69% | unchanged |
| Gaurav Goyal | 3.70% | +0.05 pp |
| Pravinkumar Brijendrakumar Agarwal | 0.80% | unchanged |
| Jyotsna Agarwal | 0.01% | unchanged |
| Garuda Aviation Services Private Limited | 0.00% | unchanged |
| Deepa Travel Private Limited | 0.00% | unchanged |
| Aroma Coffees Private Limited | 0.00% | 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.
Learn to analyse Electro Force (India) Limited
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