Electrotherm (India) Ltd

₹ 608 2.30%

04 Nov - close price

electrotherm.com BSE: 526608 NSE: ELECTHERM

About

Incorporated in 1983, Electrotherm Ltd is in
the business of Engineering & Technologies, Special Steel and Electric Vehicles^[1]

Key Points

Market Share
The company holds a global 3.5 Lacs KW market share in the metal melting industry. It commands a 65%+ market share in induction melting equipment used by the steelmaking industry in India. ^[1]

Website BSE NSE

Market Cap ₹ 775 Cr.
Current Price ₹ 608
High / Low ₹ 1,278 / 550
Stock P/E
Book Value ₹ -88.1
Dividend Yield 0.00 %
ROCE 0.43 %
ROE %
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 7.88% over past five years.
Promoter holding is low: 29.8%
Contingent liabilities of Rs.486 Cr.
Earnings include an other income of Rs.10.5 Cr.

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE Industrials

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	985	1,137	1,218	1,059	814	1,081	1,161	834	814	904	1,140	913	912
YoY Sales growth	+32%	+85%	+18%	+14%	-17%	-5%	-5%	-21%	+0%	-16%	-2%	+10%	+12%
	894	1,011	1,086	927	746	973	1,097	782	826	934	1,115	891	927
Operating Profit	91	126	131	132	67	108	64	52	-12	-31	25	22	-14
OPM %	9%	11%	11%	12%	8%	10%	6%	6%	-1.5%	-3.4%	2.2%	2.5%	-1.6%
	2	0	2	1	2	3	109	1	1	0	8	2	1
Interest	13	8	17	14	12	12	8	8	7	5	4	4	3
Depreciation	12	11	11	11	11	11	12	11	11	11	11	11	11
Profit before tax	68	108	105	109	46	88	153	34	-29	-46	18	9	-27
Tax %	0%	0%	0%	0%	0%	0%	-21%	18%	-24%	-23%	24%	22%	-27%
	68	108	105	109	46	88	185	28	-22	-36	13	7	-20
EPS in Rs	53.11	84.40	82.38	85.39	36.33	69.10	145.53	21.71	-17.04	-27.86	10.48	5.38	-15.74
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,829	1,862	1,970	2,735	3,456	2,836	2,527	2,830	3,074	4,272	4,115	3,692	3,870
Sales growth	+177%	+2%	+6%	+39%	+26%	-18%	-11%	+12%	+9%	+39%	-4%	-10%	-1%
	2,122	1,941	1,889	2,580	3,157	2,703	2,301	2,735	2,940	3,851	3,743	3,649	3,867
Operating Profit	-293	-79	81	155	299	133	226	95	135	420	373	43	2
OPM %	-16%	-4.2%	4.1%	6%	9%	4.7%	9%	3.4%	4.4%	10%	9%	1.2%	0.1%
	4	4	-9	6	19	61	4	-19	-98	4	114	1	10
Interest	6	1	4	5	38	19	50	45	66	60	46	24	15
Depreciation	146	143	144	145	138	130	117	86	47	45	44	43	45
Profit before tax	-441	-218	-77	11	141	45	63	-54	-77	319	396	-23	-47
Tax %	-0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	-8%	-31%
	-441	-218	-77	11	141	45	63	-54	-77	319	429	-16	-35
EPS in Rs	-383.84	-190.23	-60.25	8.79	110.49	35.30	49.68	-42.63	-60.16	250.67	336.35	-12.70	-27.74
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	7%
5 Years:	8%
3 Years:	6%
TTM:	-1%

Compounded Profit Growth
10 Years:	7%
5 Years:	%
3 Years:	%
TTM:	-123%

Stock Price CAGR
10 Years:	11%
5 Years:	37%
3 Years:	69%
1 Year:	-41%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	11	11	13	13	13	13	13	13	13	13	13	13	13
Reserves	-1,036	-1,255	-1,285	-1,273	-1,134	-984	-920	-973	-1,052	-735	-126	-122	-125
	3,075	3,067	2,955	2,735	2,505	2,201	2,137	1,990	1,890	1,674	1,224	1,000	987
	310	330	474	616	727	688	666	736	858	849	787	1,100	1,290
Total Liabilities	2,361	2,153	2,157	2,091	2,111	1,918	1,897	1,765	1,709	1,801	1,897	1,991	2,165
	1,277	1,150	1,026	939	862	764	680	641	620	596	600	626	635
CWIP	10	11	20	16	27	27	27	33	26	44	98	138	144
Investments	127	49	46	46	46	46	46	46	10	10	10	10	10
	945	943	1,065	1,090	1,175	1,081	1,143	1,045	1,053	1,150	1,189	1,217	1,376
Total Assets	2,361	2,153	2,157	2,091	2,111	1,918	1,897	1,765	1,709	1,801	1,897	1,991	2,165

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	72	31	64	155	336	177	225	179	106	351	328	351
	-6	-12	-30	-38	-67	-6	-63	-14	-2	-68	-105	-99
	-50	-26	-50	-103	-253	-184	-104	-189	-102	-294	-270	-227
Net Cash Flow	16	-8	-16	13	16	-14	59	-24	2	-11	-46	25
Free Cash Flow	63	14	33	105	264	154	184	139	88	283	239	253
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-25%	-40%	80%	100%	113%	133%	99%	190%	80%	84%	89%	812%

Ratios

Standalone / View Consolidated

	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	69	61	64	52	38	44	42	23	23	18	22	24
Inventory Days	66	68	96	80	79	88	107	95	90	75	77	77
Days Payable	45	66	96	79	65	80	83	67	60	52	59	65
Cash Conversion Cycle	89	63	64	53	51	52	66	50	54	41	40	37
Working Capital Days	-264	-168	-124	-104	-80	-82	-121	-183	-182	-74	-53	-103
ROCE %	-19%	-11%	-3%	1%	13%	2%	9%	1%	10%	42%	33%	0%

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

Mar 2026

Foreign Exchange Earnings
Rs. Crores

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Number of Permanent Employees
employees

E&T Division Export Footprint
countries

DI Pipes Production
tonnes

TMT Bars Production
tonnes

Steel Division Installed Capacity
million tonnes per annum

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	31.04%	31.04%	31.04%	30.69%	29.90%	29.90%	29.90%	29.90%	29.90%	29.90%	29.86%	29.83%
	4.94%	4.95%	4.99%	4.81%	4.61%	4.54%	4.60%	5.06%	5.89%	5.86%	9.28%	11.14%
	0.08%	0.08%	0.08%	0.08%	0.08%	0.39%	1.01%	0.97%	0.85%	0.80%	0.78%	0.78%
	63.94%	63.93%	63.89%	64.43%	65.42%	65.17%	64.49%	64.07%	63.36%	63.45%	60.09%	58.26%
No. of Shareholders	7,916	7,486	7,806	8,730	8,756	9,200	8,703	9,010	9,445	9,635	8,907	8,925

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	29.57%	30.94%	31.31%	31.31%	31.31%	31.31%	31.04%	31.04%	29.90%	29.90%	29.83%
	2.51%	4.43%	4.52%	5.02%	4.95%	5.10%	4.94%	4.95%	4.54%	5.86%	11.14%
	10.02%	0.08%	0.43%	0.08%	0.08%	0.08%	0.08%	0.08%	0.39%	0.80%	0.78%
	57.90%	64.55%	63.74%	63.59%	63.65%	63.50%	63.95%	63.93%	65.17%	63.45%	58.26%
No. of Shareholders	5,544	6,045	5,943	6,183	7,105	9,814	10,413	7,486	9,200	9,635	8,925

* 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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Electrotherm (India) Ltd

Electrotherm (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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