Ecoboard Industries Ltd
₹ 58.1
1.32%
06 Mar
- close price
About
Incorporated in 1991, Ecoboard Industries Limited is engaged in manufacturing and selling of Eco-Friendly Particle Boards and Bio Systems
Key Points
- Market Cap ₹ 134 Cr.
- Current Price ₹ 58.1
- High / Low ₹ 60.3 / 22.4
- Stock P/E
- Book Value ₹ 3.81
- Dividend Yield 0.00 %
- ROCE -40.2 %
- ROE -239 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 15.3 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.10% over past five years.
- Company has a low return on equity of -49.6% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -12.7%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28 | 17 | 22 | 16 | 9 | 20 | 12 | 15 | 35 | 39 | 30 | 13 | 18 | |
| 29 | 20 | 28 | 21 | 15 | 24 | 13 | 16 | 34 | 42 | 33 | 22 | 27 | |
| Operating Profit | -1 | -3 | -6 | -5 | -6 | -4 | -1 | -1 | 1 | -4 | -3 | -9 | -9 |
| OPM % | -3% | -20% | -27% | -30% | -73% | -17% | -11% | -5% | 3% | -9% | -10% | -71% | -50% |
| -0 | 2 | -2 | 0 | 0 | 2 | 20 | 16 | 4 | 4 | -2 | -8 | -3 | |
| Interest | 5 | 5 | 5 | 4 | 6 | 5 | 2 | 3 | 2 | 2 | 1 | 1 | 0 |
| Depreciation | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -9 | -7 | -15 | -10 | -14 | -7 | 15 | 11 | 2 | -3 | -7 | -18 | -13 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 0% | |
| -9 | -7 | -15 | -10 | -14 | -7 | 15 | 11 | 2 | -3 | -7 | -18 | -13 | |
| EPS in Rs | -5.04 | -3.92 | -8.36 | -5.81 | -7.78 | -4.04 | 8.45 | 6.31 | 1.20 | -1.76 | -4.08 | -10.25 | -6.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 1% |
| 3 Years: | -28% |
| TTM: | -18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 65% |
| 3 Years: | 35% |
| 1 Year: | 88% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -37% |
| 3 Years: | -50% |
| Last Year: | -239% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 23 |
| Reserves | 8 | -9 | -23 | -8 | -22 | -29 | -14 | -3 | -1 | 3 | -5 | -23 | -14 |
| 29 | 33 | 39 | 42 | 45 | 48 | 40 | 30 | 24 | 25 | 15 | 22 | 17 | |
| 12 | 9 | 14 | 16 | 20 | 27 | 18 | 28 | 21 | 17 | 28 | 31 | 27 | |
| Total Liabilities | 66 | 51 | 47 | 67 | 61 | 63 | 62 | 73 | 62 | 62 | 56 | 48 | 53 |
| 26 | 17 | 16 | 40 | 37 | 35 | 24 | 21 | 20 | 27 | 19 | 18 | 24 | |
| CWIP | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 0 | 5 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 40 | 32 | 29 | 25 | 22 | 25 | 36 | 50 | 39 | 32 | 38 | 25 | 28 | |
| Total Assets | 66 | 51 | 47 | 67 | 61 | 63 | 62 | 73 | 62 | 62 | 56 | 48 | 53 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 1 | -0 | 1 | 1 | 0 | -7 | -2 | -6 | 3 | 0 | -1 | |
| -0 | -2 | -1 | 0 | 3 | 2 | 9 | 19 | 11 | 0 | 10 | -5 | |
| -4 | 1 | 1 | -1 | -4 | -2 | -3 | -13 | -8 | -2 | -10 | 7 | |
| Net Cash Flow | -0 | 0 | 0 | -0 | 0 | 0 | -1 | 4 | -4 | 1 | -1 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 48 | 51 | 64 | 54 | 94 | 126 | 153 | 78 | 61 | 109 | 105 |
| Inventory Days | 631 | 622 | 497 | 690 | 678 | 268 | 1,292 | 824 | 406 | 304 | 263 | 264 |
| Days Payable | 163 | 129 | 127 | 212 | 273 | 256 | 700 | 370 | 77 | 154 | 138 | 393 |
| Cash Conversion Cycle | 523 | 541 | 421 | 543 | 458 | 106 | 719 | 606 | 407 | 211 | 234 | -24 |
| Working Capital Days | 33 | -8 | -148 | -387 | -1,204 | -527 | 216 | 217 | 138 | 107 | 78 | -472 |
| ROCE % | -6% | -6% | -17% | -14% | -16% | -11% | -1% | -1% | 3% | -6% | -11% | -40% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Particle Boards (Velapur Plant) million m² per annum |
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| Bio-Systems Projects Completed Number |
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| Cumulative Bio-Systems Projects (Since inception) Number |
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| Cumulative CO2 Removed (Since inception) million tonnes |
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| Production Volume - Particle Boards sq. mtrs. |
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| Production Volume - A.A.C. Blocks Cubic Mtrs |
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| Sales Volume - A.A.C. Blocks Cubic Mtrs |
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| Sales Volume - Particle Boards sq. mtrs. |
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| Cumulative Customers (Since inception) millions |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Submission of copies of Newspaper in which Financial Results for Quarter ended December, 2025 were published
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Outcome Of Board Meeting Held On 14Th February, 2026 Through Video Conferencing To Approve Unaudited Financial Results For Quarter And Nine Months Ended December 31, 2025.
14 Feb - Unaudited Q3/9M loss Rs709.68 lakh; tax demands ~Rs1,804.53 lakh; preferential allotments on 10 Jan 2026.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 14Th February, 2026 Through Video Conferencing To Approve Unaudited Financial Results For Quarter And Nine Months Ended December 31, 2025.
14 Feb - Board approved Q3 and nine-month results; losses; tax demands Rs1,114.64L, Rs510.44L, Rs179.45L; preferential allotments.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 12 Feb
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Announcement under Regulation 30 (LODR)-Change in Management
12 Feb - EGM approved two independent directors—Geeta Kakade and Ram Mohan Bobbili—for five-year term from Jan 19, 2026 to Jan 18, 2031.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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Aug 2024TranscriptAI SummaryPPT
Business Overview:[1]
Company is engaged in two business lines:
a) Laminated particle boards made from agri-residues mainly bagasse,
b) Anaerobic waste water treatment plants for distilleries and other industries.
Company's particle boards, marketed in the brand name Ecoboard, are 100% wood free and all purpose boards. They are meant to be an alternative to conventional wood based particle boards, plywood and other panel products. It is the first product to be given Eco mark by the Government of India for its eco-friendly properties.
Ecoboard are made from any form of agricultural waste and converted into good quality.