Evans Electric Ltd (EVANS) Share Price & Fundamentals

What we do

Evans Electric Limited specializes in repair and maintenance of large electric motors, generators, and transformers for diverse industries including power generation and heavy manufacturing.

Founded in

1,951

Market share

Recognized in India for capabilities in high voltage rewind and repairs, competing with OEMs in a niche market segment.

Problem solved

Extends life and efficiency of large electric machines critical to industries, reducing downtime and replacement costs.

Top clients or who we serve

Clients span thermal, hydro, nuclear power plants, chemical, cement, steel industries, oil & gas, railways; operates mainly B2B.

Key management

Mr. Ivor Anthony Desouza with 46 years electrical engineering expertise, Mr. Nelson Lionel Fernandes with 34 years manufacturing leadership.

Our journey and innovations

Started in 1951, expanded to transformer repairs in 1958; key innovations in high voltage rewinds and reverse engineering of parts.

Where we operate

Primarily India with past contracts in Bangladesh, Malaysia, and Sri Lanka; servicing major industrial hubs nationwide.

Top products or what we offer

Repair, rewinding and manufacturing of components for large motors, generators, transformers; onsite and factory services available.

Top brands

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Raw materials needed

Copper, insulating materials, carbon brushes, steel stampings for coils and motor components.

Raw materials supplier

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Recurring vs cyclical contribution

Revenue is largely recurring due to ongoing maintenance needs from aging industrial electrical equipment.

Our industry position

Leading Indian electro-mechanical service provider with niche expertise in high voltage equipment repair and rewind.

Financial highlights

Revenue Rs 25.48 Cr, Profit after tax Rs 7.57 Cr for FY 2024-25; 23% growth in revenue year-on-year.

Geographical revenue split

100% domestic revenue concentrated across Indian industrial sectors.

Order book

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Whats driving growth

Growing industrial electrification and aging infrastructure fueling demand for specialized repair and maintenance services.

Our future plans

Expand service verticals, enhance facilities, and increase high value technically challenging orders.

Our green promise

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Our people and values

Strong employee commitment with open culture fostering innovation, teamwork and long-term career growth.

Key challenges ahead

Intense competition, regulatory compliance, and maintaining technical edge in a niche service domain.

Interesting facts

Successfully rewound a nuclear-powered generator and complex 33KV turbo-generator, breaking OEM dominance historically.

Risks and strategy

Mitigates market and compliance risks via policy reviews and expands technologically to sustain competitive advantage.