Ecoboard Industries Ltd
Incorporated in 1991, Ecoboard Industries Limited is engaged in manufacturing and selling of Eco-Friendly Particle Boards and Bio Systems
- Market Cap ₹ 56.8 Cr.
- Current Price ₹ 31.8
- High / Low ₹ 36.5 / 16.2
- Stock P/E
- Book Value ₹ 8.71
- Dividend Yield 0.00 %
- ROCE -6.49 %
- ROE -27.4 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 97.5 to 61.2 days.
- Company's working capital requirements have reduced from 246 days to 133 days
Cons
- Stock is trading at 3.65 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -21.0% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.23%
* 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: Plywood Boards/Laminates Industry: Miscellaneous
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
32.57 | 37.23 | 28.05 | 16.90 | 22.04 | 16.28 | 8.84 | 20.38 | 12.04 | 15.02 | 34.72 | 38.60 | 24.78 | |
32.03 | 37.37 | 28.81 | 20.29 | 27.96 | 21.21 | 15.27 | 23.90 | 13.32 | 15.79 | 33.60 | 42.10 | 33.19 | |
Operating Profit | 0.54 | -0.14 | -0.76 | -3.39 | -5.92 | -4.93 | -6.43 | -3.52 | -1.28 | -0.77 | 1.12 | -3.50 | -8.41 |
OPM % | 1.66% | -0.38% | -2.71% | -20.06% | -26.86% | -30.28% | -72.74% | -17.27% | -10.63% | -5.13% | 3.23% | -9.07% | -33.94% |
4.36 | 0.62 | -0.34 | 2.25 | -2.44 | 0.41 | 0.14 | 2.33 | 19.68 | 15.94 | 4.09 | 3.74 | 1.99 | |
Interest | 3.65 | 4.03 | 4.51 | 4.68 | 5.38 | 4.36 | 6.36 | 4.94 | 2.39 | 2.97 | 2.09 | 2.34 | 1.26 |
Depreciation | 3.34 | 3.36 | 3.37 | 1.17 | 1.16 | 1.47 | 1.23 | 1.07 | 0.95 | 0.94 | 0.98 | 1.04 | 1.10 |
Profit before tax | -2.09 | -6.91 | -8.98 | -6.99 | -14.90 | -10.35 | -13.88 | -7.20 | 15.06 | 11.26 | 2.14 | -3.14 | -8.78 |
Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
-2.09 | -6.91 | -8.98 | -6.99 | -14.90 | -10.36 | -13.87 | -7.20 | 15.07 | 11.26 | 2.14 | -3.14 | -8.78 | |
EPS in Rs | -1.17 | -3.88 | -5.04 | -3.92 | -8.36 | -5.81 | -7.78 | -4.04 | 8.45 | 6.31 | 1.20 | -1.76 | -4.92 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | 34% |
3 Years: | 47% |
TTM: | -32% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 10% |
3 Years: | -58% |
TTM: | -469% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 70% |
3 Years: | 104% |
1 Year: | 68% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -21% |
Last Year: | -27% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 17.83 | 17.83 | 17.83 | 17.83 | 17.83 | 17.83 | 17.83 | 17.83 | 17.83 | 17.83 | 17.83 | 17.83 | 17.83 |
Reserves | 23.71 | 16.80 | 7.82 | -8.53 | -23.43 | -8.29 | -22.05 | -29.25 | -14.16 | -2.71 | -0.68 | 2.61 | -2.29 |
24.79 | 27.88 | 28.59 | 32.63 | 38.98 | 42.08 | 44.53 | 47.86 | 40.17 | 30.14 | 24.43 | 24.84 | 24.58 | |
11.25 | 13.82 | 11.54 | 9.34 | 13.66 | 15.60 | 20.25 | 26.65 | 17.79 | 27.54 | 20.87 | 16.92 | 18.28 | |
Total Liabilities | 77.58 | 76.33 | 65.78 | 51.27 | 47.04 | 67.22 | 60.56 | 63.09 | 61.63 | 72.80 | 62.45 | 62.20 | 58.40 |
33.56 | 29.58 | 26.06 | 17.30 | 16.03 | 39.89 | 36.54 | 35.27 | 23.72 | 20.91 | 20.31 | 26.63 | 26.10 | |
CWIP | 0.08 | 0.22 | 0.00 | 1.71 | 2.34 | 2.36 | 2.36 | 2.36 | 2.36 | 2.37 | 3.45 | 3.25 | 3.34 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
43.94 | 46.53 | 39.72 | 32.26 | 28.67 | 24.97 | 21.66 | 25.46 | 35.55 | 49.52 | 38.69 | 32.32 | 28.96 | |
Total Assets | 77.58 | 76.33 | 65.78 | 51.27 | 47.04 | 67.22 | 60.56 | 63.09 | 61.63 | 72.80 | 62.45 | 62.20 | 58.40 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3.70 | 1.18 | 3.95 | 1.19 | -0.24 | 1.00 | 0.91 | 0.38 | -6.84 | -2.39 | -6.21 | 2.51 | |
2.32 | -0.35 | -0.45 | -1.73 | -0.65 | 0.06 | 2.83 | 1.70 | 9.21 | 19.05 | 10.72 | 0.12 | |
0.88 | -0.73 | -3.63 | 0.55 | 1.06 | -1.15 | -3.71 | -1.60 | -3.03 | -13.17 | -8.11 | -1.93 | |
Net Cash Flow | -0.50 | 0.10 | -0.13 | 0.00 | 0.16 | -0.09 | 0.03 | 0.48 | -0.66 | 3.50 | -3.60 | 0.70 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58.16 | 63.43 | 55.56 | 47.51 | 50.51 | 63.67 | 53.68 | 94.21 | 125.81 | 153.10 | 78.21 | 61.18 |
Inventory Days | 745.02 | 597.67 | 630.60 | 622.10 | 497.18 | 690.48 | 677.86 | 267.93 | 1,292.34 | 823.66 | 405.63 | 304.05 |
Days Payable | 187.08 | 172.32 | 163.07 | 128.68 | 127.08 | 211.60 | 273.40 | 255.87 | 699.58 | 370.35 | 76.83 | 153.89 |
Cash Conversion Cycle | 616.10 | 488.78 | 523.09 | 540.94 | 420.60 | 542.56 | 458.14 | 106.26 | 718.56 | 606.40 | 407.01 | 211.34 |
Working Capital Days | 353.46 | 315.29 | 356.28 | 485.73 | 282.20 | 262.09 | 34.68 | -40.12 | 524.16 | 430.37 | 173.67 | 132.67 |
ROCE % | 0.05% | -4.47% | -6.17% | -5.95% | -17.39% | -14.12% | -16.25% | -11.07% | -0.75% | -0.56% | 2.67% | -6.49% |
Documents
Announcements
- Compliance Certificate For The Financial Year Ended On 31St March, 2024 Pursuant To Regulation 7 (3) Of SEBI (LODR) Regulations, 2015 2d
- Disclosure As per Regulation 40 (9) & (10) Of The SEBI (LODR) Regulations, 2015 20 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
19 Apr - Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31.03.2024.
- Closure of Trading Window 27 Mar
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Feb - Reg. 30 and 47 of SEBI (LODR) Regulations, 2015, Please find attached herewith copies of Newspaper Advertisement dated Monday 12th February, 2024 in Business Standard …
Annual reports
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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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Financial Year 2010
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Financial Year 2009
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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.