Elpro International Ltd.
Snapshot View

52.15 +1.85 ▲3.7%

30 July 2021, 04:00:00 P.M.
Volume: 67,884

Overview View Details

Sector Realty Compare with Sector peers
Industry Construction - Real Estate Compare with Industry peers
Website http://www.elpro.co.in
Financial Indicators
Market Cap 883.83 Cr.
Earnings per share (EPS) 1.16 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 44.77 Trailing Twelve Months Ending 2021-03
Industry PE - Trailing Twelve Months Ending 2021-03
Book Value / Share 10.10 Trailing Twelve Months Ending 2021-03
Price to Book Value 5.17 Calculated using Price: 52.15
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 16.95 Cr. 169,479,130 Shares
FaceValue 1
Company Profile

Elpro International Limited was incorporated in July 1962 as a public limited company, in technical and financial collaboration with General Electric, USA. The company is the only one outside the United States to manufacture surge arresters and zinc oxide discs with GE technology, acknowledged to be the best in the world.

The product portfolio of the company includes, surge arresters, distribution class arresters, station class arrestors, secondary surge arresters, under oil surge arrestors, accessories, zinc oxide discs and varistors.

The company’s corporate headquarters are located in Pune, 170 km from India’s financial capital Mumbai, and its multi-manufacturing facilities are based out of Pune and Hyderabad.

Elpro International Ltd. is India's largest and among the leading companies in South Asia in the design, manufacture and supply of distribution, intermediate and station class Metal Oxide Surge Arresters with technology from GE, USA. In tune with changing times and technology, Elpro's products were first upgraded from 2H type Intermediate Arresters to Active- Gap technology and, a few years later, again upgraded to Metal Oxide Arresters, alternatively known as Gapless. Besides technical advantages, Gapless Arresters provide significant cost savings in insulation compared to similar traditional Gap-type Arresters.

An ISO 9001-2000 company, Elpro International is the number one manufacturer of surge arresters in Asia manufactured with technical know how from GE USA. It is the only manufacturer outside the United States manufacturing Surge Arresters and Zinc Oxide Discs with GE technology  acknowledged to be the best in the world.

Elpro’s constant adherence to excellence in quality and expertise in marketing has ensured a reliable brand image and a dominant market share in each of its product lines in India. It is the first company to introduce & produce Surge Arresters as well as Metal Oxide Gapless Surge Arresters in India. Elpro won the ELCINA award in the Research & Development category in 1987and its products have been successfully type tested in renowned laboratories like CESI - Italy, KEMA - Netherlands and CPRI  India. Elpro International is the only manufacturer outside the US that meets IEC as well as ANSI standards.

Elpro International set up a metal oxide varistor manufacturing plant in its Pune facility in 1986 with technical expertise from GE. To enhance its capabilities further, Elpro acquired a Disconnecting Switch (Isolators) manufacturing company in 1994, Switchgear Manufacturing Company, which was set up in Hyderabad via a technical collaboration with ALPHA Switzerland.

Today, Elpro has a presence in international markets including USA, Mexico, Brazil, Columbia, Peru, Italy, France, Turkey, Russia, Ghana, Nigeria, Kenya, Iran, Iraq, Saudi Arabia, Bangladesh, Bhutan, Thailand, Philippines, Vietnam, Taiwan, Korea.

As part of its corporate vision to emerge as the leader in surge arresters, Elpro International acquired the Zinc Oxide Disc (active elements of surge arresters) manufacturing line from Harris, Ireland in 2001 and the same was installed in the company’s Pune facilities in the year 2002.

Harris and Elpro, both use GE’s technical expertise. As a result, the two companies share great synergy, which has translated in speedy absorption of technology and processes. At full operation the plant has an annual capacity to process 300 tonnes of Zinc Oxide Powder. With this new facility, Elpro has a combined annual capacity to produce 450 tonnes of Zinc Oxide Discs, making the Company the leading manufacturer and supplier of Zinc Oxide Discs in Asia.

Elpro continues to be on the fast track to growth with a strong focus on developing niche products and strategic acquisitions in existing, or new-product areas, with potential for global marketing. Some of Elpro’s national clients include ABB India; Bharat Heavy Electricals Limited (BHEL); National Thermal Power Corporation of India (NTPC); Reliance Industries; Siemens India; Tata Power Company and international clients include GE USA; KWPA Iran; Saudi Electric Company and Taiwan Power Company.

Awards/ Achievements

The company received the ‘ELCINA’ award for excellence in the development of high quality electronic components.

One of the few manufacturers, globally, whose Surge Arresters comply to both IEC and ANSI standards.

Recent developments

Elpro International's board at its meeting held on April 20, 2009, has converted the 35000 Convertible warrants of Mavi Investment Fund into 35000 numbers of Equity Shares of Rs 10 each at a premium of Rs 601 and shall rank pari passu to the existing shares of the company.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+3.68%
1 Week
-7.78%
1 Month
+7.19%
3 Month
+31.36%
6 Month
+34.23%
1 Year
+35.45%
2 Year
+0.68%
5 Year
+167.30%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -2.76 4.34 -2.45 -1.33 -2.20 -8.75 124.43 2.86
Return on Capital Employed (%) 5.17 7.71 3.33 5.29 4.82 8.42 14.85 44.54 10.46
Return on Assets (%) -0.71 1.62 -1.13 -0.58 -0.89 -2.12 0.16 22.55 0.91

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 96 182 178 175 172 1 -6 140 135
Non Curr. Liab. 69 39 47 54 44 78 117 111 217
Curr. Liab. 190 151 160 171 208 186 204 170 85
Minority Int. 4 4 4 4 4 4
Equity & Liab. 360 377 390 405 428 269 314 421 436
Non Curr. Assets 323 337 356 369 390 246 298 349 395
Curr. Assets 36 40 34 36 38 23 17 72 41
Misc. Exp. not W/O
Total Assets 360 377 390 405 428 269 314 421 436

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 31 34 28 37 45 51 58 41 110
Other Income 1 1 0 0 0 1 1 120 4
Total Income 32 35 29 37 45 52 59 161 114
Total Expenditure -20 -19 -18 -21 -30 -29 -23 -35 -76
PBIDT 12 15 11 16 15 23 35 126 37
Interest -15 -11 -14 -18 -19 -30 -34 -26 -29
Depreciation -1 -1 -1 -1 0 -1 -1 -1 -2
Taxation 0 0 0 0 0 0 0 -16 -2
Exceptional Items 1 3 0 0
PAT -3 6 -4 -2 -4 -7 0 83 4

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 135 -83 13 9 20 31 57 -76 23
Cash Fr. Inv. 9 -17 -17 -16 -22 -12 -68 100 -80
Cash Fr. Finan. -147 103 2 6 7 -23 12 -24 57
Net Change -3 3 -2 -1 5 -4 2 -1 0
Cash & Cash Eqvt 0 3 1 0 5 1 3 2 3

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 72.92 73.76 73.76 73.76 73.76 74.97 74.99 74.99 74.99
Public 27.08 26.24 26.24 26.24 26.24 25.03 25.01 25.01 25.01
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 18.21 18.00 18.00 18.00 26.00 25.58 25.57 25.57 25.57

Announcements View Details

Thu, 29 Jul 2021
Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed disclosure of Related Party Transactions on a consolidated basis for the year ended March 31 2021.
Tue, 20 Jul 2021
Clarification sought from Elpro International Ltd
The Exchange has sought clarification from Elpro International Ltd on July 20 2021 with reference to significant movement in price in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded.

The reply is awaited.
Tue, 20 Jul 2021
Clarification On Movement In Price Of Equity Shares.
Clarification on movement in price of equity shares.

Technical Scans View Details

Thu, 29 Jul 2021
Stock Underperforming Sectoral Index in both 1 Week and 3 Month Stock Underperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

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