Ecoboard Industries Ltd
₹ 56.4
1.24%
23 Jan
- 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 ₹ 129 Cr.
- Current Price ₹ 56.4
- High / Low ₹ 58.5 / 22.4
- Stock P/E
- Book Value ₹ 3.81
- Dividend Yield 0.00 %
- ROCE -40.2 %
- ROE -239 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 14.8 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 | 10 | |
| 29 | 20 | 28 | 21 | 15 | 24 | 13 | 16 | 34 | 42 | 33 | 22 | 21 | |
| Operating Profit | -1 | -3 | -6 | -5 | -6 | -4 | -1 | -1 | 1 | -4 | -3 | -9 | -11 |
| OPM % | -3% | -20% | -27% | -30% | -73% | -17% | -11% | -5% | 3% | -9% | -10% | -71% | -110% |
| -0 | 2 | -2 | 0 | 0 | 2 | 20 | 16 | 4 | 4 | -2 | -8 | -8 | |
| Interest | 5 | 5 | 5 | 4 | 6 | 5 | 2 | 3 | 2 | 2 | 1 | 1 | 1 |
| 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 | -21 |
| 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 | -21 | |
| 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 | -10.82 |
| 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: | -64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -209% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 69% |
| 3 Years: | 23% |
| 1 Year: | 48% |
| 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% |
Documents
Announcements
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Intimation Of Book Closure, Cut Off Date And Remote E-Voting Period For EGM Scheduled To Be Held On 12Th February, 2026.
21 Jan - Book closure Feb 7-12, 2026; EGM Feb 12 11:00 AM via VC; e-voting Feb 9-11; cut-off Feb 6.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Jan - Submission of copy of newspaper advertisement of Notice of Extra Ordinary General Meeting scheduled to be held on 12th February, 2026
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Announcement under Regulation 30 (LODR)-Change in Management
19 Jan - Appointed Geeta Kakade and Ram Mohan Bobbili as independent directors; EGM on 12 Feb 2026; committee reconstitution.
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Notice Of Extra Ordinary General Meeting Scheduled To Be Held On 12Th February, 2026 Via Video Conferencing To Consider The Appointment Of Independent Director
19 Jan - EGM Feb 12, 2026 to appoint Geeta Kakade and Ram Mohan Bobbili independent directors term Jan 19, 2026–Jan 18, 2031
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Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, 19Th January, 2026 Through Video Conferencing/Other Audio Visual Means.
19 Jan - Appointed Geeta Kakade and Ram Mohan Bobbili as independent directors (5-year terms); EGM on 12 Feb 2026; committees reconstituted.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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
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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
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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.