Ecoboard Industries Ltd
₹ 59.6
-2.25%
05 Jun
- 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 ₹ 157 Cr.
- Current Price ₹ 59.6
- High / Low ₹ 77.8 / 26.5
- Stock P/E
- Book Value ₹ 8.54
- Dividend Yield 0.00 %
- ROCE -44.3 %
- ROE -123 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Debtor days have improved from 93.7 to 66.7 days.
Cons
- Stock is trading at 6.98 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.74% over past five years.
- Company has a low return on equity of -85.3% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -12.4%
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17 | 22 | 16 | 9 | 20 | 12 | 15 | 35 | 39 | 30 | 13 | 24 | |
| 20 | 28 | 21 | 15 | 24 | 13 | 16 | 34 | 42 | 33 | 22 | 33 | |
| Operating Profit | -3 | -6 | -5 | -6 | -4 | -1 | -1 | 1 | -4 | -3 | -9 | -9 |
| OPM % | -20% | -27% | -30% | -73% | -17% | -11% | -5% | 3% | -9% | -10% | -71% | -39% |
| 2 | -2 | 0 | 0 | 2 | 20 | 16 | 4 | 4 | -2 | -8 | 1 | |
| Interest | 5 | 5 | 4 | 6 | 5 | 2 | 3 | 2 | 2 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | -7 | -15 | -10 | -14 | -7 | 15 | 11 | 2 | -3 | -7 | -18 | -10 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 0% | 0% |
| -7 | -15 | -10 | -14 | -7 | 15 | 11 | 2 | -3 | -7 | -18 | -10 | |
| EPS in Rs | -3.92 | -8.36 | -5.81 | -7.78 | -4.04 | 8.45 | 6.31 | 1.20 | -1.76 | -4.08 | -10.25 | -3.82 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 10% |
| 3 Years: | -15% |
| TTM: | 88% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 66% |
| 3 Years: | 44% |
| 1 Year: | 98% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -49% |
| 3 Years: | -85% |
| Last Year: | -123% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 26 |
| Reserves | -9 | -23 | -8 | -22 | -29 | -14 | -3 | -1 | 3 | -5 | -23 | -4 |
| 33 | 39 | 42 | 45 | 48 | 40 | 30 | 24 | 25 | 15 | 22 | 8 | |
| 9 | 14 | 16 | 20 | 27 | 18 | 28 | 21 | 17 | 28 | 31 | 31 | |
| Total Liabilities | 51 | 47 | 67 | 61 | 63 | 62 | 73 | 62 | 62 | 56 | 48 | 61 |
| 17 | 16 | 40 | 37 | 35 | 24 | 21 | 20 | 27 | 19 | 18 | 23 | |
| CWIP | 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 |
| 32 | 29 | 25 | 22 | 25 | 36 | 50 | 39 | 32 | 38 | 25 | 36 | |
| Total Assets | 51 | 47 | 67 | 61 | 63 | 62 | 73 | 62 | 62 | 56 | 48 | 61 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | -0 | 1 | 1 | 0 | -7 | -2 | -6 | 3 | 0 | -1 | -18 | |
| -2 | -1 | 0 | 3 | 2 | 9 | 19 | 11 | 0 | 10 | -5 | -4 | |
| 1 | 1 | -1 | -4 | -2 | -3 | -13 | -8 | -2 | -10 | 7 | 21 | |
| Net Cash Flow | 0 | 0 | -0 | 0 | 0 | -1 | 4 | -4 | 1 | -1 | 0 | -0 |
| Free Cash Flow | -1 | -1 | 1 | 4 | 2 | 2 | 9 | -6 | 3 | 10 | -6 | -22 |
| CFO/OP | -35% | 4% | -20% | -14% | -12% | 533% | 306% | -549% | -77% | -7% | 12% | 189% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48 | 51 | 64 | 54 | 94 | 126 | 153 | 78 | 61 | 109 | 105 | 67 |
| Inventory Days | 622 | 497 | 690 | 678 | 268 | 1,292 | 824 | 406 | 304 | 263 | 264 | 322 |
| Days Payable | 129 | 127 | 212 | 273 | 256 | 700 | 370 | 77 | 154 | 138 | 393 | 270 |
| Cash Conversion Cycle | 541 | 421 | 543 | 458 | 106 | 719 | 606 | 407 | 211 | 234 | -24 | 119 |
| Working Capital Days | -8 | -148 | -387 | -1,204 | -527 | 216 | 217 | 138 | 107 | 78 | -472 | -233 |
| ROCE % | -6% | -17% | -14% | -16% | -11% | -1% | -1% | 3% | -6% | -11% | -40% | -44% |
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
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 May
-
Board Meeting Outcome for Outcome Of Board Meeting Held For Approval Of Audited Financial Results For Quarter And Year Ended 31St March, 2026 And Change In Management
23 May - Board approved FY26 audited results, appointed company secretary and internal auditor.
- Audited Financial Results For Quarter And Year Ended 31St March, 2026 23 May
-
Announcement under Regulation 30 (LODR)-Change in Management
23 May - Ecoboard appointed Ms. Ritu Mandore as Company Secretary and M/s. R Kabra & Co LLP as internal auditor on May 23, 2026.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
23 May - Ecoboard filed FY26 secretarial compliance report; it noted an SEBI fine email for non-compliance.
Annual reports
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Financial Year 2025
from bse
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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
from bse
Concalls
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Aug 2024TranscriptAI SummaryPPT
Business Overview[1]
The Company manufactures and exports particle boards made from agricultural residues such as bagasse, rice husk, and cotton waste. It also provides process systems and solutions for biogas, bio-energy, effluent treatment, filtration, fermentation, CBG plants, and condensate polishing units, operating as a turnkey provider, equipment supplier, or consultant.
First company awarded the Ecomark certification by the Bureau of Indian Standards.[2]
Ecoboard are made from any form of agricultural waste and converted into good quality.