Ecoboard Industries Ltd

₹ 28.3 -4.39%

21 May - 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

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.

Website BSE

Market Cap ₹ 50.5 Cr.
Current Price ₹ 28.3
High / Low ₹ 42.5 / 18.5
Stock P/E
Book Value ₹ -2.83
Dividend Yield 0.00 %
ROCE -40.2 %
ROE -239 %
Face Value ₹ 10.0

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Pros

Cons

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.
Contingent liabilities of Rs.18.2 Cr.
Company might be capitalizing the interest cost

* 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.

Peer comparison

Sector: Diversified Industry: Diversified - Medium / Small

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	3.64	17.56	10.21	5.02	5.81	3.69	6.49	8.79	10.78	5.76	3.27	1.87	1.81
	6.04	15.63	10.49	5.68	10.31	6.33	7.94	8.61	10.00	6.54	5.65	4.85	4.73
Operating Profit	-2.40	1.93	-0.28	-0.66	-4.50	-2.64	-1.45	0.18	0.78	-0.78	-2.38	-2.98	-2.92
OPM %	-65.93%	10.99%	-2.74%	-13.15%	-77.45%	-71.54%	-22.34%	2.05%	7.24%	-13.54%	-72.78%	-159.36%	-161.33%
	2.19	0.57	1.92	-0.65	1.90	0.04	0.02	0.03	-2.29	0.01	0.09	-4.80	-2.85
Interest	0.51	0.42	0.51	0.60	0.81	0.31	-0.01	0.15	0.30	0.12	0.12	0.19	0.11
Depreciation	0.24	0.25	0.26	0.27	0.26	0.28	0.28	0.28	0.27	0.29	0.29	0.28	0.28
Profit before tax	-0.96	1.83	0.87	-2.18	-3.67	-3.19	-1.70	-0.22	-2.08	-1.18	-2.70	-8.25	-6.16
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.37%	0.00%	0.00%	0.00%	0.00%
	-0.96	1.83	0.87	-2.17	-3.67	-3.19	-1.70	-0.22	-2.15	-1.17	-2.69	-8.26	-6.16
EPS in Rs	-0.54	1.03	0.49	-1.22	-2.06	-1.79	-0.95	-0.12	-1.21	-0.66	-1.51	-4.63	-3.45
Raw PDF

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
	28	17	22	16	9	20	12	15	35	39	30	13
	29	20	28	21	15	24	13	16	34	42	33	22
Operating Profit	-1	-3	-6	-5	-6	-4	-1	-1	1	-4	-3	-9
OPM %	-3%	-20%	-27%	-30%	-73%	-17%	-11%	-5%	3%	-9%	-10%	-71%
	-0	2	-2	0	0	2	20	16	4	4	-2	-8
Interest	5	5	5	4	6	5	2	3	2	2	1	1
Depreciation	3	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
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
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
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:	-57%

Compounded Profit Growth
10 Years:	-3%
5 Years:	%
3 Years:	%
TTM:	-102%

Stock Price CAGR
10 Years:	13%
5 Years:	49%
3 Years:	5%
1 Year:	-32%

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
Equity Capital	18	18	18	18	18	18	18	18	18	18	18	18
Reserves	8	-9	-23	-8	-22	-29	-14	-3	-1	3	-5	-23
	29	33	39	42	45	48	40	30	24	25	15	22
	12	9	14	16	20	27	18	28	21	17	28	31
Total Liabilities	66	51	47	67	61	63	62	73	62	62	56	48
	26	17	16	40	37	35	24	21	20	27	19	18
CWIP	0	2	2	2	2	2	2	2	3	3	0	5
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	40	32	29	25	22	25	36	50	39	32	38	25
Total Assets	66	51	47	67	61	63	62	73	62	62	56	48

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	356	486	282	262	35	-40	524	430	174	133	112	-494
ROCE %	-6%	-6%	-17%	-14%	-16%	-11%	-1%	-1%	3%	-6%	-11%	-40%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	57.92%	57.24%	57.25%	57.25%	57.18%	57.04%	56.78%	56.78%	56.78%	56.78%	57.37%	57.34%
	0.04%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	42.03%	42.48%	42.75%	42.75%	42.81%	42.96%	43.22%	43.21%	43.22%	43.22%	42.62%	42.67%
No. of Shareholders	11,758	11,836	11,870	11,838	11,865	12,091	11,944	11,917	11,969	11,858	11,982	11,860

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	60.22%	61.91%	62.10%	62.21%	62.01%	57.89%	57.25%	56.78%	57.34%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.00%	0.00%	0.00%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
	39.72%	38.03%	37.85%	37.74%	37.93%	42.06%	42.75%	43.21%	42.67%
No. of Shareholders	11,967	11,662	11,567	11,525	11,378	11,852	11,838	11,917	11,860

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Ecoboard Industries Ltd

Ecoboard Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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