Electrotherm (India) Ltd

₹ 683 1.99%

18 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 ₹ 871 Cr.
Current Price ₹ 683
High / Low ₹ 686 / 61.4
Stock P/E 2.99
Book Value ₹ -777
Dividend Yield 0.00 %
ROCE 9.69 %
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 52.8% CAGR over last 5 years
Company's working capital requirements have reduced from 23.4 days to 14.8 days

Cons

The company has delivered a poor sales growth of 0.98% over past five years.
Promoter holding is low: 31.0%
Contingent liabilities of Rs.413 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

Consolidated Figures in Rs. Crores / View Standalone

	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
	750	893	695	719	811	607	679	747	615	1,033	931	985	1,137
	657	787	641	715	791	599	702	735	577	926	860	894	1,011
Operating Profit	93	106	55	4	20	8	-23	12	38	107	72	91	126
OPM %	12%	12%	8%	1%	2%	1%	-3%	2%	6%	10%	8%	9%	11%
	1	2	0	1	1	4	3	1	1	-34	0	2	0
Interest	13	17	11	10	11	14	12	17	19	19	22	13	8
Depreciation	35	18	22	21	23	21	12	12	12	12	12	12	12
Profit before tax	47	72	22	-26	-14	-23	-45	-16	7	42	39	68	107
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	47	72	22	-26	-14	-23	-45	-16	7	42	39	68	107
EPS in Rs	36.87	56.32	17.39	-20.58	-10.66	-17.83	-35.10	-12.53	5.74	32.62	30.36	52.99	84.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	2,582	1,240	765	2,048	2,101	2,259	2,927	4,040	3,212	2,518	2,831	3,074	4,087
	2,770	1,263	984	2,362	2,133	2,198	2,779	3,737	3,083	2,298	2,745	2,940	3,691
Operating Profit	-188	-23	-220	-314	-32	61	149	303	129	220	86	134	396
OPM %	-7%	-2%	-29%	-15%	-2%	3%	5%	8%	4%	9%	3%	4%	10%
	28	7	-25	3	8	1	9	20	49	4	7	-30	-32
Interest	503	107	10	10	1	4	5	38	19	54	45	67	62
Depreciation	206	143	72	159	154	148	149	143	134	121	88	49	48
Profit before tax	-868	-266	-326	-481	-180	-91	3	142	24	49	-40	-12	255
Tax %	10%	-0%	1%	0%	-0%	-0%	1%	0%	0%	0%	0%	-0%
	-782	-266	-322	-480	-180	-91	3	142	24	49	-40	-12	255
EPS in Rs	-681.08	-231.69	-280.49	-416.71	-156.72	-71.62	2.32	111.32	18.91	38.84	-31.67	-9.28	200.00
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	2%
5 Years:	1%
3 Years:	-1%
TTM:	54%

Compounded Profit Growth
10 Years:	7%
5 Years:	53%
3 Years:	131%
TTM:	483%

Stock Price CAGR
10 Years:	40%
5 Years:	18%
3 Years:	89%
1 Year:	1030%

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	-5	-280	-608	-1,085	-1,265	-1,379	-1,375	-1,235	-1,106	-1,055	-1,095	-1,109	-1,003
Preference Capital	12	12	12	12	41	0	0	0	0	0	0	0
	3,176	3,251	3,233	3,185	3,146	3,073	2,851	2,616	2,294	2,234	2,087	1,986	1,898
	421	363	365	366	408	512	671	775	720	705	741	862	911
Total Liabilities	3,603	3,345	3,002	2,477	2,300	2,219	2,160	2,169	1,920	1,897	1,745	1,752	1,818
	1,827	1,677	1,606	1,457	1,321	1,118	1,027	949	825	738	698	638	627
CWIP	23	24	23	21	21	22	17	29	28	27	33	26	32
Investments	0	0	0	0	2	7	7	7	7	7	8	8	8
	1,753	1,643	1,373	998	957	1,073	1,108	1,184	1,060	1,124	1,007	1,081	1,152
Total Assets	3,603	3,345	3,002	2,477	2,300	2,219	2,160	2,169	1,920	1,897	1,745	1,752	1,818

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2012	Sep 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-219	12	46	72	52	58	161	344	181	225	179	107
	-19	-0	-3	-5	-42	-25	-46	-67	5	-62	-14	-2
	164	-31	-40	-46	-12	-52	-106	-262	-203	-104	-189	-103
Net Cash Flow	-74	-19	3	21	-1	-19	9	15	-17	58	-24	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	65	117	194	57	46	49	46	30	36	40	22	25
Inventory Days	138	287	233	73	68	86	78	70	78	110	96	91
Days Payable	45	91	103	47	66	90	82	60	72	93	68	60
Cash Conversion Cycle	157	314	324	83	48	46	41	41	43	58	50	56
Working Capital Days	-12	-131	-478	-157	-114	-87	-83	-66	-83	35	20	15
ROCE %	-11%	-5%	-10%	-20%	-9%	-4%	1%	13%	2%	9%	0%	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