Elpro Internatio - Elpro Internatio

📊 BSE: 504000 🏢 Residential, Commercial Projects 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Total income grew 77.9% to INR 272.51 Cr in FY25. Real Estate revenue grew 0.7% to INR 107.51 Cr; Manufacturing revenue was INR 4.12 Cr; Trading activity revenue reached INR 96.60 Cr.

Geographic Revenue Split

100% of physical operations and real estate assets are based in Chinchwad, Pune, Maharashtra, India.

Profitability Margins

Operating Profit Margin fell 45.81% to 21.75% in FY25. Net Profit Margin fell 56.44% to 18.09% due to a change in the revenue mix toward lower-margin trading activities.

EBITDA Margin

Operating Profit Margin of 21.75% reflects core profitability, which declined from 40.14% YoY as the company increased its trading segment volume.

Capital Expenditure

Historical expenditure includes INR 39.18 Cr for the acquisition of 5,47,946 shares of Sundrop Brands Limited in 2025; planned future capex is not specifically disclosed.

Credit Rating & Borrowing

Credit rating upgraded to CARE A-; Stable in April 2025 from CARE BBB+; Stable. Total long-term bank facilities are INR 377.64 Cr.

⚙️ Operational Drivers

Raw Materials

Raw materials for electrical equipment (Lightning Arresters and Varistors) are used; specific material names and cost percentages are not disclosed.

Capacity Expansion

Current plant is located in Chinchwad, Pune; specific capacity figures and expansion plans are not disclosed.

Raw Material Costs

Inventory turnover ratio decreased 14.94% to 4.47 times, indicating higher holding of raw materials and finished goods relative to manufacturing turnover.

Manufacturing Efficiency

Manufacturing efficiency is reflected in an inventory turnover ratio of 4.47 times (down 14.94% YoY) and a Debtors turnover ratio of 32.37 times (up 260.21% YoY).

📈 Strategic Growth

Expected Growth Rate

14%

Growth Strategy

Growth will be achieved through the expansion of the investment portfolio (e.g., Sundrop Brands acquisition for INR 39.18 Cr), maximizing rental yields from the 99.47% occupied One Elpro Business Park, and leveraging the 12.7% stake in PNB MetLife.

Products & Services

Lightning Arresters, Varistors, Secondary Surge Arresters, Discharge Counters, Retail Mall Space (Elpro City Square), and Office Space (One Elpro Business Park).

Brand Portfolio

Elpro City Square Mall, One Elpro Business Park.

Market Expansion

Pursuing growth in existing segments including retail, business parks, and investment activities in India.

Strategic Alliances

Historical technical and financial collaboration with General Electric; current 12.7% equity stake in PNB MetLife.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward Grade A commercial spaces and organized retail, with the company positioned through its 99.47% occupied business park and modern retail mall.

Competitive Landscape

Faces competition in the real estate industry and volatility in the capital markets from unforeseen events.

Competitive Moat

Durable advantages include the strategic location of properties in Pune's industrial hub and a massive INR 2,216 Cr investment portfolio providing financial stability and liquidity.

Macro Economic Sensitivity

Sensitive to India's GDP growth (projected 6.5%) and corporate earnings trends (forecasted 14% growth for FY26).

Consumer Behavior

Increasing demand for integrated shopping and entertainment experiences, which the Elpro City Square Mall addresses.

Geopolitical Risks

Geo-political events are cited as a primary threat causing high volatility in the capital markets, impacting the company's INR 2,216 Cr investment portfolio.