Electrotherm (India) Ltd

₹ 800 1.99%

30 Apr - close price

electrotherm.com BSE: 526608 NSE - BE : ELECTHERM

About

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

Key Points

Business Overview:^[1]
EL is an ISO 9001:2015 certified company which caters to steel and foundry industry, transformer manufacturing, steel making, ductile iron pipe making, manufacturing of battery operated vehicles, renewable energy, transmission line tower and education. Company has 65% market share in 35 Lac KW in induction melting equipment used by the steelmaking industry in India

Website BSE NSE - BE

Market Cap ₹ 1,020 Cr.
Current Price ₹ 800
High / Low ₹ 804 / 62.0
Stock P/E 3.48
Book Value ₹ -732
Dividend Yield 0.00 %
ROCE 10.0 %
ROE %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company is expected to give good quarter
Company has delivered good profit growth of 20.2% CAGR over last 5 years
Debtor days have improved from 29.5 to 23.4 days.
Company's working capital requirements have reduced from 28.2 days to 13.0 days

Cons

The company has delivered a poor sales growth of 2.37% over past five years.
Promoter holding is low: 31.0%
Contingent liabilities of Rs.412 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

Sector: Steel Industry: Steel - Medium / Small

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	745	916	694	719	811	607	679	747	615	1,033	931	985	1,137
	649	812	638	712	790	594	701	735	577	926	860	894	1,011
Operating Profit	96	104	56	6	21	12	-23	12	38	107	72	91	126
OPM %	13%	11%	8%	1%	3%	2%	-3%	2%	6%	10%	8%	9%	11%
	1	1	0	1	1	-21	3	-21	-23	-57	0	2	0
Interest	12	17	11	10	11	14	11	17	19	19	22	13	8
Depreciation	34	17	22	20	23	21	12	12	12	12	12	12	11
Profit before tax	51	71	24	-23	-12	-43	-43	-38	-15	19	39	68	108
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	51	71	24	-23	-12	-43	-43	-38	-15	19	39	68	108
EPS in Rs	40.20	55.83	18.83	-18.39	-9.47	-33.60	-33.71	-29.57	-12.13	15.26	30.78	53.11	84.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2012	Sep 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	2,246	1,054	660	1,829	1,862	1,970	2,735	3,456	2,836	2,527	2,830	3,074	4,087
	2,414	1,086	885	2,122	1,941	1,889	2,580	3,157	2,703	2,301	2,735	2,940	3,691
Operating Profit	-168	-32	-225	-293	-79	81	155	299	133	226	95	135	396
OPM %	-7%	-3%	-34%	-16%	-4%	4%	6%	9%	5%	9%	3%	4%	10%
	25	6	-25	4	4	-9	6	19	61	4	-19	-98	-55
Interest	474	102	2	6	1	4	5	38	19	50	45	66	62
Depreciation	199	139	69	146	143	144	145	138	130	117	86	47	46
Profit before tax	-816	-266	-321	-441	-218	-77	11	141	45	63	-54	-77	234
Tax %	11%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-729	-266	-321	-441	-218	-77	11	141	45	63	-54	-77	234
EPS in Rs	-635.43	-231.69	-279.84	-383.84	-190.23	-60.25	8.79	110.49	35.30	49.68	-42.63	-60.16	183.55
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	3%
5 Years:	2%
3 Years:	3%
TTM:	54%

Compounded Profit Growth
10 Years:	7%
5 Years:	20%
3 Years:	44%
TTM:	513%

Stock Price CAGR
10 Years:	44%
5 Years:	24%
3 Years:	95%
1 Year:	1091%

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2012	Sep 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	11	11	11	11	11	13	13	13	13	13	13	13	13
Reserves	-17	-274	-597	-1,036	-1,255	-1,285	-1,273	-1,134	-984	-920	-973	-1,052	-946
Preference Capital	12	12	12	12	41	0	0	0	0	0	0	0
	3,062	3,122	3,108	3,063	3,026	2,955	2,735	2,505	2,201	2,137	1,990	1,890	1,802
	366	322	327	322	370	474	616	727	688	666	736	858	907
Total Liabilities	3,423	3,182	2,849	2,361	2,153	2,157	2,091	2,111	1,918	1,897	1,765	1,709	1,776
	1,622	1,481	1,414	1,277	1,150	1,026	939	862	764	680	641	620	611
CWIP	10	11	10	10	11	20	16	27	27	27	33	26	32
Investments	122	127	127	127	49	46	46	46	46	46	46	10	10
	1,670	1,563	1,297	945	943	1,065	1,090	1,175	1,081	1,143	1,045	1,053	1,124
Total Assets	3,423	3,182	2,849	2,361	2,153	2,157	2,091	2,111	1,918	1,897	1,765	1,709	1,776

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2012	Sep 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-231	29	22	72	31	64	155	336	177	225	179	106
	-28	-3	-3	-6	-12	-30	-38	-67	-6	-63	-14	-2
	185	-41	-17	-50	-26	-50	-103	-253	-184	-104	-189	-102
Net Cash Flow	-74	-16	3	16	-8	-16	13	16	-14	59	-24	2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2012	Sep 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	72	134	225	69	61	64	52	38	44	42	23	23
Inventory Days	139	304	220	66	68	96	80	79	88	107	95	90
Days Payable	43	93	100	45	66	96	79	65	80	83	67	60
Cash Conversion Cycle	169	345	345	89	63	64	53	51	52	66	50	54
Working Capital Days	-17	-163	-563	-171	-115	-84	-76	-67	-80	45	27	13
ROCE %	-11%	-6%	-10%	-19%	-11%	-3%	1%	13%	2%	9%	1%	10%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	31.31%	31.31%	31.31%	31.31%	31.04%	31.04%	31.04%	31.04%	31.04%	31.04%	31.04%	31.04%
	4.94%	4.94%	4.94%	5.10%	4.94%	4.94%	4.94%	4.94%	4.94%	4.94%	4.94%	4.95%
	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
	63.67%	63.67%	63.67%	63.50%	63.94%	63.95%	63.94%	63.95%	63.95%	63.94%	63.94%	63.93%
No. of Shareholders	8,021	8,597	8,907	9,814	9,767	10,400	10,444	10,413	10,223	9,057	7,916	7,486

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	29.57%	30.94%	31.31%	31.31%	31.31%	31.31%	31.04%	31.04%
	2.51%	4.43%	4.52%	5.02%	4.95%	5.10%	4.94%	4.95%
	10.02%	0.08%	0.43%	0.08%	0.08%	0.08%	0.08%	0.08%
	57.90%	64.55%	63.74%	63.59%	63.65%	63.50%	63.95%	63.93%
No. of Shareholders	5,544	6,045	5,943	6,183	7,105	9,814	10,413	7,486

* 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.

Click on the line-items to see the names of individual entities.

Electrotherm (India) Ltd

Electrotherm (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings