Elpro International Ltd
ELPR

Elpro International Ltd (ELPROINTL)

₹57.652.04%

Key Stats

₹57.6
Day's Price Range
₹58.8
₹40
52-Week Price Range
₹81.9
1 Month Return-3.45 %
3 Month Return-1.18 %
1 Year Return42.49 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 42
89.16
EPS
Rank 37
₹0.66
BVPS
Rank 53
₹10.1
Dividend Yield
Rank 16
ROE
Rank 40
3.13%
Price To Book Ratio
Rank 40
5.82
Debt To Asset
Rank 57
0.6

Company Information

Elpro International incorporated in 1962 as an engineering company was originally formed with 50 financial participation from the General Electric Company US. Later on to get the company out of FERAs clutches. GEC US reduced its shareholding by transferring a small percentage to an Indian company. Originally Investment Corporation of India a Tata affiliate was the largest single Indian shareholder but at present its holding is just 4.5 of the total equity capital of Elpro.Elpros main operations are in lightning arresters pellet and thyrite types and Xray equipment for medical and industrial applications. They also manufacture alnico magnets for domestic and industrial applications calrod heating elements for domestic industrial and medical applications and other electrical apparatus. The company has entered into a technical collaboration with the GEC US.In 1983 it entered into a technical collaboration agreement with Matsushita Electric Industrial Company Japan to manufacture the most important basic component required to manufacture gapless lightning arresters. The company obtained an industrial license and manufactured and sold the first unit of electrostatic precipitators and control with DC power supply.Elpro commenced production of two new hightech products in 1987 computerised numerical control CNC systems with servo drives and metal oxide variators MOV. The CNC systems are manufactured in collaboration with GEC US while the MOV is developed by the RD cell of Elpro itself.Elpros major clients for lightning arrestors are the state electricity boards private contractors executing power projects consultants etc. As far as Xray equipments are concerned major endusers are private radiologists clinics and large hospitals in the government and private sectors.In the year 199495 the company has undertaken restructuring programme and promoted four new companies to takeover the divested operations or to carry on a new line of business. The Jointventure with GE namely GEElpro Medical Systems Ltd. has started assembly and development operations relating to Xray product during the year 199495.The company has entered into an JV agreement with Control Technique Plc a subsidiary of US based Emerson Electric by which the entire CNC manufacturing operations including plant and equipment raw material work in progress goodwill etc. relating thereto to a new companyControl Technique Elpro Automation. In the new JV company Elpro would subscribe for 49 share capital and the remaining 51 by the control Technique Plc.The company has decided to form a JV with Sunpower Inc a USA based R D company to produce pumps running on biomass as part of diversification programme. In the proposed JV company Elpro will hols 85 equity and Sunpower will hold 15 of the equity.The comapny has promoted Elpro Finance Ltd in the year 1995 with the object of undertaing financial transactions like lease hirepurchase investments intercorporate deposits etc. to avail then available tax and other benefits. With the changing conditions the company is engaged in review and restucture of operations during the year 200102.Elpro has diversified into flexible packaging by acquiring erstwhile Mukund Flexpack Ltd.presently Elpro Packaging in 1998. Elpros software ventures promoted to undertake development of various dot com portals could not reap benefit from the shortlived dot com boom. These companies are now concentrating on developing software for insurance business and rendering services relating thereto.The switchgear division received ISO9001 Certification during the year 19902000.
OrganisationElpro International Ltd
HeadquartersMumbai
IndustryConstruction