EPL Ltd (EPL) — share price & stock analysis

Market cap

₹7,279 Cr

P/E

17.7×

ROE

15.8%

vs own 10-yr valuation

9th pctile

Book value / share

₹89.2

EPS (TTM)

₹12.8

10-yr median P/E

23.4×

Revenue (FY26)

₹4,763 Cr

Profit after tax (FY26)

₹394 Cr

Weinstein stage

Stage 2 (7 weeks)

Data as of

1 July 2026

1 of the 6 things we track are currently moving the right way — most of the dashboard is red.

Where the levels actually stand: ROCE 18% — decent; debt moderate (0.34× equity); margins at an all-time high. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).

The market has pre-paid for growth that hasn’t arrived yet

Since Mar 2016, the stock is up 182% while earnings per share grew 138%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 17.7× sits near the bottom of its own range — it has been cheaper than this only 9% of the time against its own 10-year history.pe_ratio

And the sharper caveat: today’s margins are the best this company has ever printed. The cheap multiple is only real if they hold — earnings at record profitability flatter every valuation ratio.operating_profit

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (23.4×).

An uptrend that has held for 7 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 7 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹217 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 20 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

9 of the last 12 years ended with profits higher — quiet, steady compounding

Over 12 years, sales went from ₹2,125 Cr to ₹4,763 Cr (about 7% a year), and profit from ₹112 Cr to ₹394 Cr.revenuenet_profit

Margins widened 3.6 points along the way — growth with improving economics.operating_profit

Sales grew 18% last quarter — growth every single quarter for over 2 years

Mar 26 sales were ₹1,300 Cr, up 18% on the same quarter last year.revenue

That makes 10 quarters of growth in a row — this is a trend, not a blip.revenue

Margins have been rebuilt — 15.6% in FY23 to 20.3% now

Of every ₹100 of sales, the company keeps ₹19.7 as operating profit (a year ago it kept ₹20.6).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 15.6% in FY23 and has been rebuilt to 20.3% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

Profit declined 11% last quarter

Mar 26 profit after tax was ₹103 Cr, down 11% year on year.net_profit

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹1,420 Cr of profit and collected ₹3,018 Cr of operating cash — about 213% conversion.operating_cash_flownet_profit

One asterisk on that strength: suppliers are being paid 22 days later than a year ago (125 → 147 days). Cash flattered by stretching payables is real cash — but it is borrowed timing, not extra earning power.payable_days

The cash cycle is stretching — more money stuck in the pipeline

One rupee now takes about 97 days to go out the door as materials and come back as collected cash — up from 87 days the year before.cash_conversion_cycle

The biggest mover: inventory sitting longer in the warehouse (151 → 177 days).inventory_days

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹898 Cr (FY14) to ₹2,402 Cr, with another ₹148 Cr of capacity under construction right now.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹1,187 Cr) fits inside the operating cash the business generated (₹2,104 Cr).investing_cash_flowoperating_cash_flow

Debt is present but comfortable

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹34.borrowings

Every ₹100 kept in the business earns ₹18 — decent, not special

Return on capital employed is 18.0% (a year ago: 17.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Promoter holding dropped in one step — an event, not a slow exit

Promoters hold 26.4% (down 25.1 points over 8 quarters). Foreign funds own 17.2%, domestic funds 10.2%.promoters_pctfiis_pctdiis_pct

The promoter move came in a single step (Jun 25) — promoters rarely buy on-market, so a jump like this is almost always an allotment, infusion or restructuring: a capital event, not a slow accumulation of conviction. Worth knowing which, before reading it as a signal.promoters_pct

Foreign funds tell the real story: they sold from 12.2% down to 9.9% (Dec 23), and have been buying back since — now 17.2%. A completed round trip like that usually means the doubts got answered.fiis_pct

Meanwhile domestic funds have been the sellers — from 15.8% to 10.2% over the window. Someone on the other side of the table disagrees; both sides count.diis_pct

The numbers earn a deeper study — and watch the one thing that matters

The numbers lean positive, and the price already assumes the good news continues.

Best thing in the data: sales rising (₹1,105 Cr → ₹1,300 Cr).revenue

Biggest worry: promoter holding falling (51.3% → 26.4%).promoters_pct

One dissent worth hearing: our growth at a price lens reads negative — “Growth & Value: 5/20 (non-financial). PEG 2.22 (PE 17.7 / TTM 8.0%) → 1/6. Slow Grower (PAT YoY -11.2%, MCap ₹7K Cr) → 0/4. GARP: ROCE 17.8%, PAT growth -11.2%,”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data