---
title: "Eppeltone Engineers Ltd (EEPL) — Share Price, Financials & Analysis"
symbol: "EEPL"
company: "Eppeltone Engineers Ltd"
canonical: "https://tapetide.com/stocks/EEPL"
isin: "INE11HF01010"
nse_symbol: "EEPL"
sector: "Capital Goods"
industry: "Other Electrical Equipment"
market_cap_cr: 168.73
generated_at: "2026-09-13T18:44:38.908Z"
---

# Eppeltone Engineers Ltd (EEPL)

Canonical page: https://tapetide.com/stocks/EEPL

## Company

- **NSE Symbol:** EEPL
- **ISIN:** INE11HF01010
- **Sector:** Capital Goods
- **Industry:** Other Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-06-24
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** eppeltone.in

## About

Founded in 1977, Eppeltone Engineers Limited specializes in manufacturing electronic energy meters, including smart meters, alongside various power conditioning devices.[1]

## Latest Price

- **Price:** ₹133.05
- **Change:** -3.2 (-2.35%)
- **Open:** ₹136.25
- **Day High:** ₹139
- **Day Low:** ₹130.15
- **Previous Close:** ₹136.25
- **Volume:** 30000
- **As Of:** 2026-09-11T10:01:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:12.364472Z.

- **Market Cap:** ₹168.73 Cr
- **Classification:** SME
- **P/E (reported):** 14.3
- **Book Value:** ₹70
- **Price to Book:** 1.95
- **Dividend Yield:** 0%
- **ROE:** 27.4%
- **ROCE:** 29.95%
- **Debt to Equity:** 0.43
- **Revenue (yearly):** ₹134.74 Cr
- **Net Income:** ₹12.5 Cr
- **EBITDA:** ₹19.41 Cr
- **52-Week High:** ₹232.8
- **52-Week Low:** ₹91
- **RSI (14):** 49.31

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Flat
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 45.63 | 9% |
| growth | 50 | 9% |
| momentum | 57.8 | 12% |
| ownership | 52.56 | 24% |
| quality | 59.72 | 22% |
| valuation | 42.14 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 62.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.0%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Company has high debtors of 187 days.
- Working capital days have increased from 86.3 days to 158 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -346.77% | — | -785.47% |
| ebitda margin growth | -6.16% | -21.19% | 572.3% |
| net income growth | 13.64% | 124% | 62% |
| revenue growth | 7.19% | 23% | 29% |
| roce | -28.99% | 112.71% | 20.57% |
| roe | -27.91% | 24.95% | 155.12% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 50 | 74 | 46 | 88 |
| Expenses | 43 | 63 | 38 | 78 |
| Operating Profit | 7 | 11 | 9 | 11 |
| OPM % | 14 | 15 | 18 | 12 |
| Other Income | 1 | 1 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 9 | 7 | 9 |
| Tax % | 32 | 27 | 11 | 32 |
| Net Profit | 4 | 7 | 6 | 6 |
| EPS in Rs | 4.23 | 7.28 | 4.83 | 4.72 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 38 | 82 | 73 | 78 | 124 | 135 |
| Expenses | 36 | 81 | 70 | 65 | 106 | 115 |
| Operating Profit | 2 | 2 | 3 | 13 | 18 | 19 |
| OPM % | 4.7 | 1.9 | 4 | 17 | 14 | 14 |
| Other Income | 1 | 0 | 0 | 2 | 1 | 1 |
| Interest | 1 | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 1 | 0 | 2 | 12 | 15 | 16 |
| Tax % | -18 | 36 | 28 | 22 | 29 | 23 |
| Net Profit | 1 | 0 | 1 | 9 | 11 | 12 |
| EPS in Rs | 2.73 | 0.6 | 2.73 | 21.5 | 11.51 | 9.55 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 10 | 13 |
| Reserves | 6 | 6 | 8 | 20 | 30 | 78 |
| Borrowings | 11 | 11 | 13 | 16 | 31 | 39 |
| Other Liabilities | 17 | 12 | 20 | 30 | 53 | 57 |
| Total Liabilities | 39 | 34 | 44 | 70 | 124 | 186 |
| Fixed Assets | 7 | 8 | 9 | 13 | 19 | 32 |
| CWIP | 0 | 0 | 0 | 0 | 2 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 32 | 26 | 35 | 57 | 104 | 148 |
| Total Assets | 39 | 34 | 44 | 70 | 124 | 186 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 2 | 0 | 3 | -8 | -18 |
| Cash from Investing Activity | -1 | -2 | -1 | -5 | -8 | -19 |
| Cash from Financing Activity | 0 | -1 | 1 | 6 | 15 | 37 |
| Net Cash Flow | 0 | 0 | 0 | 4 | -1 | 0 |
| Free Cash Flow | 0 | 1 | -1 | -2 | -17 | -38 |
| CFO/OP | 75 | 171 | 21 | 35 | -27 | -75 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 179 | 36 | 83 | 127 | 80 | 187 |
| Inventory Days | 93 | 56 | 68 | 104 | 205 | 244 |
| Days Payable | 193 | 38 | 93 | 171 | 206 | 199 |
| Cash Conversion Cycle | 79 | 54 | 58 | 60 | 79 | 232 |
| Working Capital Days | 75 | 30 | 34 | 47 | 54 | 158 |
| ROCE % | — | 6 | 11 | 43 | 32 | 18 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 83.69% | 61.51% | 61.67% | 61.67% | 61.78% |
| FIIs | 0% | 1.29% | 0% | 0.02% | 0.02% |
| DIIs | 0% | 1.97% | 0.08% | 3.5% | 3.73% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 17.42% | 26.02% | 25.74% | 25.36% |
| Others | 16.31% | 17.81% | 12.23% | 9.08% | 9.11% |
| No. of Shareholders | 40 | 46 | 1109 | 854 | 860 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 4 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 139.15 | Sell |
| EMA (10) | 139.34 | Sell |
| SMA (20) | 142.44 | Sell |
| EMA (20) | 138.91 | Sell |
| SMA (50) | 126.77 | Buy |
| EMA (50) | 130.28 | Buy |
| SMA (100) | 115.86 | Buy |
| EMA (100) | 127.23 | Buy |
| SMA (200) | 138.92 | Sell |
| EMA (200) | 141.41 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.06 | Neutral |
| MACD (12,26,9) | 2.5 | Sell |
| Stochastic (14,3,3) | 11.84 | Buy |
| ADX (14) | 24.3 | Neutral |
| Williams %R (14) | -93.62 | Buy |
| ATR (14) | 8.15 | High Volatility |
| ROC (12) | -21.62 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 50.25 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Regulation 74(5) certificate received for quarter ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Regulation 74(5) certificate received for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/EPPELTONE_09042026114414_certificate_under_74__5_.pdf) |
| 8 Jul - Company clarified share price movement was market-driven; no material event disclosed. | [General Updates 8 Jul - Company clarified share price movement was market-driven; no material event disclosed.](https://nsearchives.nseindia.com/corporate/EPPELTONE_08072026100739_intimation.pdf) |
| 7 Sep - Eppeltone Engineers won Rs. 2,00,60,000 energy meter supply order on September 7, 2026. | [Bagging/Receiving of orders/contracts 7 Sep - Eppeltone Engineers won Rs. 2,00,60,000 energy meter supply order on September 7, 2026.](https://nsearchives.nseindia.com/corporate/EPPELTONE_07092026164234_Intimation.pdf) |
| 7 Aug - Promoters sold 31.37 lakh shares, 24.21%, to Waaree Smart Meters on August 7, 2026. | [Updates 7 Aug - Promoters sold 31.37 lakh shares, 24.21%, to Waaree Smart Meters on August 7, 2026.](https://nsearchives.nseindia.com/corporate/EPPELTONE_07082026180858_Intimation_under_regulation_29.pdf) |
| 5 Sep - 23rd AGM on 30 September 2026; book closure 24-30 September, e-voting details announced. | [Copy of Newspaper Publication 5 Sep - 23rd AGM on 30 September 2026; book closure 24-30 September, e-voting details announced.](https://nsearchives.nseindia.com/corporate/EPPELTONE_05092026145023_post_newspaper_intimation.pdf) |
| 5 March 2026 - Infomerics upgraded long-term to IVR BBB-/Stable and short-term to IVR A3; facilities increased to Rs92.97 crore on Mar 5, 2026. | [Credit Rating- New 5 March 2026 - Infomerics upgraded long-term to IVR BBB-/Stable and short-term to IVR A3; facilities increased to Rs92.97 crore on Mar 5, 2026.](https://nsearchives.nseindia.com/corporate/EPPELTONE_05032026225213_Intimation_for_credit_rating.pdf) |
| 4 Sep - 23rd AGM on September 30, 2026; annual report filed, cut-off date September 23, 2026. | [Shareholders meeting 4 Sep - 23rd AGM on September 30, 2026; annual report filed, cut-off date September 23, 2026.](https://nsearchives.nseindia.com/corporate/EPPELTONE_04092026171615_agm_notice_and_annual_report_intimation.pdf) |
| 4 June 2026 - Promoter group held 80,06,400 shares (61.78%) with no encumbrances as of 31 March 2026. | [Disclosure under SEBI Takeover Regulations 4 June 2026 - Promoter group held 80,06,400 shares (61.78%) with no encumbrances as of 31 March 2026.](https://nsearchives.nseindia.com/corporate/team_bbodade_20052026181735_EEPL.pdf) |
| 31 March 2026 - Government order (31-Mar-2026) for three-phase 10-60A meters; Rs.1,02,52,812.90; delivery in seven months. | [Bagging/Receiving of orders/contracts 31 March 2026 - Government order (31-Mar-2026) for three-phase 10-60A meters; Rs.1,02,52,812.90; delivery in seven months.](https://nsearchives.nseindia.com/corporate/EPPELTONE_31032026212134_INTIMATION_REGARDING_ORDER_RECEIVED.pdf) |
| 31 January 2026 - Withdraws preferential issue up to 1,500,000 warrants and 300,000 equity shares; approved Dec 29, 2025. | [Outcome of Board Meeting 31 January 2026 - Withdraws preferential issue up to 1,500,000 warrants and 300,000 equity shares; approved Dec 29, 2025.](https://nsearchives.nseindia.com/corporate/EPPELTONE_31012026144804_EEPL_Pref_Withdrawal_Letter_outcome.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31403_EEPL_2025_2026_A_3976035_04092026174851.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27945_EEPL_2024_2025_A_2157323_30082025151251.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/EPPELTONE_21112025113300_Investor_Concall_Transcript.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:44:38.908Z.