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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Investment Thesis
Electra (Jaipur) Limited is a near-dormant listed electrical equipment company. Last balance sheet filed March 2015; market cap ₹1.50 Cr. MSEI listed (symbol: EJ). 11+ years of stale filings suggests inactive operations.
Pros
Cons
Business Segments
Electrical Equipment Manufacturing
Manufacture of other electrical equipment NEC; electrical equipment for industrial and consumer applications.
Revenue Model
Manufacturing and sale of electrical equipment to industrial and commercial customers in northern India. Revenue is generated through direct sales of electrical products and components.
Detailed Analysis
Growth Plans
India's push toward domestic electrical equipment manufacturing under Make in India could benefit legacy manufacturers if they modernize operations
Rising industrial capex in Uttar Pradesh under state government initiatives
Industry Tailwinds
India's push toward domestic electrical equipment manufacturing under Make in India could benefit legacy manufacturers if they modernize operations
Recent Developments
Minor improvement reported; absolute figures remain negligible.
FY2025Comparable Companies
HAVELLS · ~90000 Cr
SIEMENS · ~60000 Cr
Frequently Asked Questions
About Electra Jaipur
Electra (Jaipur) Limited is an electrical equipment manufacturer incorporated on 20 October 1972, registered in Meerut, Uttar Pradesh — despite the 'Jaipur' in its name. The company manufactures electrical machinery and equipment under NIC code for electrical equipment manufacturing. The company has a very limited operating profile: revenues of approximately ₹0.07 crore (₹7 lakh), a net loss of ₹0.81 crore, and paid-up capital of ₹1.50 crore (authorized ₹5 crore). The last AGM on record was held in September 2015 — over a decade ago — raising significant governance concerns. However, recent data suggests some improvement — Tofler reports net profit growing +190% YoY in FY2025 on a very small base. This could indicate a minor business revival, though the absolute scale remains negligible. The company has been referenced in an Allahabad High Court tax case (CIT, Meerut v. Electra Jaipur, 2005), confirming its historical operations in UP's industrial belt. Meerut is a significant industrial city for electrical components, sports goods, and light engineering. For investors, Electra Jaipur is effectively a dormant micro-cap with no meaningful business to justify investment beyond speculative trading.
Key Milestones
Incorporated October 20, 1972 in Meerut, Uttar Pradesh (CIN: L31909UP1972PLC003625) — 52+ years old
ISIN INE151S01015; listed on MSEI (symbol: EJ); market cap ₹1.50 Cr; 1,496,260 shares (face value ₹10)
Common questions about unlisted shares
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We source & quote
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You accept the allocation
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A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Rising industrial capex in Uttar Pradesh under state government initiatives
Industry Headwinds
Prolonged lack of transparency and public disclosures may reflect operational stagnation
No evidence of scale or growth trajectory over its 50-year history
Last AGM September 2015 — 10+ year governance gap
Source: AlphaHub Research
Revenue ~₹0.07 crore — near-zero business
Source: Company Financial Filings
Net loss ₹0.81 crore
Source: Company Financial Filings
Shares priced at ₹10 face value with no observable market premium; extremely low liquidity in the unlisted market
No ISIN, no website, and no publicly available financial disclosures make investor due diligence nearly impossible
Competes in a commoditized electrical equipment segment against large listed players such as Havells, Siemens India, and ABB India with significantly greater scale and brand strength
Last balance sheet filed March 2015 — 11+ years stale; near-dormant operations