Evans Electric Ltd

Evans Electric Ltd (542668)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-2.65 %
3 Month Return9.58 %
1 Year Return0.38 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 266
Rank 266
Rank 302
Dividend Yield
Rank 134
Rank 228
Price To Book Ratio
Rank 238
Debt To Asset
Rank 297

Company Information

Evans Electric Limited was incorporated as a private limited company with the name Evans Electric Private Limited on December 29 1951. Subsequently the Company was converted into a public limited company on February 18 2019 and the name of the Company was changed to Evans Electric Limited on March 13 2019.S.L Evans R.Pinto A.F. Desouza Anslekar DMello and E.R. Demello were the initial subscribers to the Memorandum of Association of the Company and the Promoters of the Company.The Company is engaged in the business of repairing rewinding and redesigning including inhouse manufacturing of replacement components of small medium and large electric motors generators and transformers which are used in Thermal Hydro Diesel Gas Nuclear Electric Power Generation Petroleum Refineries Chemicals Fertilizers Cement Plants Steel Plants Tyre Manufacturing Sugar Mills Oil Gas Exploration Shipping Mining and Railway Traction. The Company on the basis of the damage and assessment of the repairs or rewinding required for any AC DC Machines design develop and manufacture components inhouse for carrying out said rewinding and repairing work of aforementioned items. Some of the replacement components manufactured by the company includes Coils Insulators Slip Rings Retaining Rings Carbon Brushes Brush Holders Complete winding kits Insulation Components Wedges Packers and stampings as well as allied specialized tools and equipment.The Company has a factory unit admeasuring to 30000 sq. ft. located in Palghar Maharashtra which is used for providing rewinding and repairing services as well as for manufacturing replacement components. It also provides onsite services for large Electric Motors Generators and Transformers that are too large and cannot be transported to Factory.The Company started business with repairing and rewinding of low voltage AC and DC electric motors and generators and then later in 1958 diversified into repairing and rewinding of high voltage power distribution transformers and then in 1960 it started with manufacturing of allied products such as commutators for DC machines specialized contacts for Switchgear and strip Heaters. With time its capabilities grew and the company has been successful in executing orders received from foreign countries such as Bangladesh Malaysia Sri Lanka which includes contract based services. The Company provides contract based services for repairing of various electric products which includes low Voltage and High Voltage AC and DC Electric Motors Generators and Transformers Turbo Generator Stators Turbo Rotors including high speed balancing Hydro Generator Stators Hydro Rotors and Field poles also included are Dynamic balancing Vacuum Impregnation High Voltage Coil Manufacturing RLA studies Vibration Reduction Diagnostic Testing Machining Fabrication and allied services.The Company was founded by Late Mr. Armando F. De Souza Late Mr. Silus L. Evans Late R. Pinto Late Anslekar DMello and Late Dr. E. R .D Mello. Presently the Company is managed by Mr. Ivor Anthony Desouza son of Late Mr. Armando F. de Souza who is an Electrical Engineer having an experience of around 46 years in the field of Electrical Repairs and Mr. Nelson Lionel Fernandes Managing Director a management Graduate with an experience of 34 years in field of supervision of Factory and other manufacturing process of the Company. The management team of the Company exhibits a synergy of both experience and enthusiasm in the field of engineering and operations.Over the past the company has evolved and adopted new methods and the use of new materials in high Voltage Rewinds which gave the opportunity to embark on the Repairing and Rewinding of Large Motors Generators which traditionally was the domain of the Original Equipment Manufacturers OEMs who were mainly foreign Companies. The success in this area of business put them on the ElectroMechanical Service map and in 1978 the company achieved a major breakthrough as it successfully repaired 40000 KvA 11000 volts generating sets of Uttar Pradesh State Electricity Board for which the company got recognition from various publication houses. In the year 1989 the company successfully rewound the Big Rotating component of a NuclearPowered Generator. In 2004 the company successfully Rewound and commissioned a complex 33KV rated TurboGenerator.The Companys clientele covers a wide range of industries from Thermal Hydro Nuclear Gas Diesel Power Generation to Chemicals Fertilizers Cement Oil Gas Refineries Steel Plants Shipping Off shore Oil Gas Exploration Railways and Renewable Energy.
OrganisationEvans Electric Ltd
IndustryCapital Goods - Electrical Equipment