Evans Electric (EVANS) | Financial Analysis & Statements
Evans Electric Ltd. Small-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Income Metrics
Balance Sheet Metrics
Total Assets
349.7M
Total Liabilities
87.2M
Shareholders Equity
262.6M
Debt to Equity
0.33
Cash Flow Metrics
Revenue & Profitability Trend
Annual Income Flow
2025
Evans Electric Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 253.9M | 205.6M | 190.0M | 73.4M | 95.3M |
| Cost of Goods Sold | 24.0M | 22.2M | 48.3M | 18.0M | 34.1M |
| Gross Profit | 229.9M | 183.4M | 141.7M | 55.4M | 61.2M |
| Gross Margin % | 90.6% | 89.2% | 74.6% | 75.5% | 64.2% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 11.9M | 9.6M | 58.4M | 8.5M | 18.0M |
| Other Operating Expenses | 65.6M | 62.0M | 4.6M | 5.7M | 7.5M |
| Total Operating Expenses | 77.5M | 71.6M | 63.0M | 14.2M | 25.4M |
| Operating Income | 93.5M | 62.7M | 49.3M | 12.4M | 7.9M |
| Operating Margin % | 36.8% | 30.5% | 26.0% | 16.8% | 8.3% |
| Non-Operating Items | |||||
| Interest Income | 938.9K | 1.1M | 1.1M | 1.2M | 1.5M |
| Interest Expense | 158.2K | 124.8K | 171.2K | 194.3K | 161.0K |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 100.4M | 64.1M | 47.4M | 12.0M | 8.5M |
| Income Tax | 24.6M | 13.3M | 10.8M | 3.8M | 2.7M |
| Effective Tax Rate % | 24.5% | 20.8% | 22.7% | 31.7% | 31.8% |
| Net Income | 75.7M | 50.7M | 36.6M | 8.2M | 5.8M |
| Net Margin % | 29.8% | 24.7% | 19.3% | 11.2% | 6.1% |
| Key Metrics | |||||
| EBITDA | 93.6M | 64.4M | 51.8M | 15.2M | 11.2M |
| EPS (Basic) | ₹21.90 | ₹9.24 | ₹6.68 | ₹3.00 | ₹2.11 |
| EPS (Diluted) | ₹21.90 | ₹9.24 | ₹6.68 | ₹3.00 | ₹2.11 |
| Basic Shares Outstanding | 3458192 | 5488000 | 5488000 | 2744000 | 2744000 |
| Diluted Shares Outstanding | 3458192 | 5488000 | 5488000 | 2744000 | 2744000 |
Income Statement Trend
Join Our India Telegram Channel
Get Instant Market Updates: 52-Week High/Low Alerts, Breakout Notifications & Expert Stock Analysis Delivered To Your Phone. Join Traders Making Informed Decisions Daily!
Evans Electric Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 4.8M | 24.6M | 27.2M | 25.5M | 22.0M |
| Short-term Investments | 15.6M | 3.6M | - | - | - |
| Accounts Receivable | 107.9M | 53.0M | 5.6M | 9.8M | 24.0M |
| Inventory | 7.5M | 6.2M | 3.9M | 11.7M | 5.5M |
| Other Current Assets | 918.3K | 486.4K | - | - | - |
| Total Current Assets | 187.8M | 109.7M | 54.6M | 71.9M | 74.3M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | - | - | - |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | -100 | 100 | - | - | - |
| Total Non-Current Assets | 161.9M | 137.0M | 114.4M | 64.3M | 52.8M |
| Total Assets | 349.7M | 246.8M | 169.0M | 136.2M | 127.0M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 35.1M | 23.3M | 6.8M | 6.6M | 6.2M |
| Short-term Debt | 0 | 4.0M | 0 | 7.2M | 1.1M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 174.0K | 100.0K | 1.9M | 659.0K | 3.0M |
| Total Current Liabilities | 86.1M | 51.0M | 19.2M | 20.2M | 17.7M |
| Non-Current Liabilities | |||||
| Long-term Debt | 0 | 0 | - | - | - |
| Deferred Tax Liabilities | 0 | 0 | - | - | - |
| Other Non-Current Liabilities | - | -100 | - | - | - |
| Total Non-Current Liabilities | 1.1M | 721.5K | 0 | 0 | 0 |
| Total Liabilities | 87.2M | 51.7M | 19.2M | 20.2M | 17.7M |
| Equity | |||||
| Common Stock | 54.8M | 27.4M | 27.4M | 13.7M | 13.7M |
| Retained Earnings | 206.6M | 140.8M | 95.6M | 61.7M | 55.1M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 262.6M | 195.0M | 149.8M | 115.9M | 109.3M |
| Key Metrics | |||||
| Total Debt | 0 | 4.0M | 0 | 7.2M | 1.1M |
| Working Capital | 101.7M | 58.7M | 35.4M | 51.7M | 56.6M |
Balance Sheet Composition
Evans Electric Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 100.4M | 64.1M | 44.1M | 12.0M | 8.5M |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -107.4M | -42.7M | 25.3M | 287.2K | -8.7M |
| Operating Cash Flow | -8.8M | 20.4M | 68.4M | 11.4M | -1.5M |
| Investing Activities | |||||
| Capital Expenditures | -5.7M | -986.3K | -4.2M | 0 | -260.5K |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -101.8M | -67.2M | -99.9M | -30.4M | -71.9M |
| Investment Sales | 89.7M | 56.0M | 50.3M | 17.2M | 66.0M |
| Investing Cash Flow | -19.4M | -12.2M | -53.7M | -13.2M | -6.2M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -8.2M | -5.5M | -2.7M | -1.6M | -2.7M |
| Debt Issuance | - | - | - | 6.1M | - |
| Debt Repayment | - | 0 | -7.2M | - | -473.2K |
| Financing Cash Flow | -8.2M | -5.5M | -17.1M | 10.6M | -3.7M |
| Free Cash Flow | 1.3M | 34.7M | 58.9M | 10.6M | -2.1M |
| Net Change in Cash | -36.4M | 2.6M | -2.4M | 8.8M | -11.4M |
Cash Flow Trend
Evans Electric Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
4.74
Price to Book
2.04
Price to Sales
1.95
Profitability Ratios
Profit Margin
25.07%
Operating Margin
6.48%
Return on Equity
29.37%
Return on Assets
19.79%
Financial Health
Current Ratio
4.75
Debt to Equity
0.00
Beta
2.19
Per Share Data
EPS (TTM)
₹20.69
Book Value per Share
₹48.06
Revenue per Share
₹49.87
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| EVANS | 537.8M | 4.74 | 2.04 | 29.37% | 25.07% | 0.00 |
| Hitachi Energy India | 1.4T | 163.46 | 30.26 | 9.11% | 11.55% | 1.84 |
| CG Power | 1.3T | 114.97 | 17.41 | 24.14% | 9.49% | 1.52 |
| Ram Ratna Wires | 35.9B | 41.66 | 7.06 | 14.38% | 1.97% | 122.59 |
| Bharat Bijlee | 33.8B | 25.78 | 1.54 | 6.89% | 6.17% | 8.71 |
| Hind Rectifiers | 31.5B | 62.71 | 16.56 | 23.21% | 5.58% | 109.19 |
Financial data is updated regularly. All figures are in the company's reporting currency.





