Elpro International Ltd(ELPROINTL)

NSE: ELPROINTLBSE: 504000

₹ 167+1.15%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 2,830 crWebsite: www.elpro.co.inUpdated: 24 Oct 2026

About

Elpro International Ltd is a Pune-based conglomerate operating across real estate, trading in commodities and financial instruments, electrical equipment manufacturing, investment activity, and windmill power generation. In FY26 the company reported total revenue of Rs 528.14 Cr. Its Elpro City Square Mall in Pune is fully operational, anchoring the real estate segment.^[1][2]

Business segments

Trading Activity contributed Rs 383.99 Cr revenue (72.7% share) with an EBIT of Rs 86.77 Cr (EBIT margin 22.6%) in FY26, covering commodities and financial instruments.^[3]
Real Estate contributed Rs 138.49 Cr revenue (26.2% share) with an EBIT of Rs 81.10 Cr (EBIT margin 58.6%) in FY26, primarily from the Elpro City Square Mall.^[3]
Electrical Equipment manufacturing generated revenue of Rs 4.91 Cr in FY26, up from Rs 4.12 Cr in FY25.^[2][4]
Windmill power generation (Others segment) contributed Rs 0.75 Cr revenue in FY26.^[2]
Real Estate's revenue share fell 69.2 percentage points over the FY2020 - FY2026 window as trading activity scaled up materially.^[3]

Products and services

The manufacturing unit at Chinchwad, Pune produces Lightning Arresters, Varistors, Secondary Surge Arresters, Discharge Counters, and related accessories and services.^[2]
Elpro City Square Mall in Pune is a shopping and entertainment mall that is fully operational and active as of FY26.^[2]
The company holds a diversified non-current investment portfolio including stakes in NSE (Rs 30,176.01 Lakhs), PNB MetLife (Rs 13,437.69 Lakhs), SBI General Insurance (Rs 10,072.69 Lakhs), Nusummit Technologies (Rs 5,046.56 Lakhs), and an AIF portfolio (Rs 37,192.59 Lakhs) as of FY25.^[4]

Operations

The company has 1 plant and 2 offices nationally (3 total locations) and no international locations as of FY26.^[2]
The manufacturing plant is located at Chinchwad, Pune, Maharashtra.^[2]
Windmill operations are based in Karnataka and Maharashtra.^[2]

Customers and distribution

The company serves a varied range of customers including Corporates and Multi-National Companies.^[2]
Exports represented 0.11% of total turnover in FY26; the company serves no international markets.^[2]

Leasing income pipeline

Future minimum operating lease income as lessor stood at Rs 11,886.78 Lakhs due within one year and Rs 41,299.81 Lakhs due in one-to-five years as of FY25.^[4]

Credit rating and capital structure

CARE Ratings re-affirmed CARE A-; Stable on Long Term Bank Facilities as of April 2, 2026, following an upgrade from CARE BBB+; Stable first assigned on April 4, 2025.^[2][4]
Interest coverage ratio declined 18.17% in FY26 due to an increase in interest expense; debt-equity ratio rose 7.2% due to higher borrowings.^[2]
Variable-rate debt exposure was Rs 98,614.14 Lakhs as of FY25; a 100 bps rate rise would reduce consolidated profit before tax by Rs 986.14 Lakhs.^[4]

Recent developments

In March 2025, the company acquired a 99.99% interest in Eduspace Services LLP (renting and leasing business), giving rise to a Rs 14,329.80 Lakhs KMP payable and deferred payment liability.^[4]
Consolidated capital expenditure in FY25 was Rs 24,776.58 Lakhs (vs Rs 4,302.25 Lakhs in FY24), entirely in the Real Estate segment.^[4]
Authorised share capital was enlarged twice in FY25 (April 2024 and September 2024) to 40 crore equity shares of Re. 1 each.^[4]
Trading segment revenue scaled up to Rs 27,142.93 Lakhs in FY25 from Rs 11,659.64 Lakhs in FY24 on a consolidated basis.^[4]

Market Cap

₹2,830 Cr

High / Low

₹183 / 71

Stock P/E

22.6

Price / Book

1.4

Book Value

₹120

EPS

₹5.2

No. of Shares

16.95 Cr

ROCE

6.4%

ROE

4.3%

OPM

34.8%

Debt / Equity

0.59

Sales

₹528 Cr

Net Profit

₹87 Cr

Promoter holding

75.0%

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Elpro International Ltd(ELPROINTL)

About

Business segments

Products and services

Operations

Customers and distribution

Leasing income pipeline

Credit rating and capital structure

Recent developments

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