Electrotherm (India) Ltd

₹ 1,033 -0.52%

27 Aug - 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 ₹ 1,316 Cr.
Current Price ₹ 1,033
High / Low ₹ 1,278 / 550
Stock P/E
Book Value ₹ -121
Dividend Yield 0.00 %
ROCE 0.45 %
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 7.95% over past five years.
Promoter holding is low: 29.9%
Contingent liabilities of Rs.410 Cr.
Earnings include an other income of Rs.11.5 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

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	931.45	985.15	1,137.33	1,217.57	1,059.38	813.68	1,081.23	1,161.08	834.05	814.26	903.79	1,139.99	913.38
	859.55	894.38	1,011.37	1,086.71	927.13	746.36	973.75	1,096.62	782.29	826.39	934.43	1,115.49	890.98
Operating Profit	71.90	90.77	125.96	130.86	132.25	67.32	107.48	64.46	51.76	-12.13	-30.64	24.50	22.40
OPM %	7.72%	9.21%	11.08%	10.75%	12.48%	8.27%	9.94%	5.55%	6.21%	-1.49%	-3.39%	2.15%	2.45%
	0.46	2.13	0.33	1.73	0.88	14.64	3.46	109.18	0.77	1.35	0.39	8.25	1.51
Interest	21.66	13.32	7.55	17.61	13.75	11.60	11.99	8.18	8.19	7.18	4.91	3.85	3.97
Depreciation	12.01	12.06	11.66	10.97	10.60	10.95	10.68	12.16	10.58	10.53	11.12	11.05	11.13
Profit before tax	38.69	67.52	107.08	104.01	108.78	59.41	88.27	153.30	33.76	-28.49	-46.28	17.85	8.81
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-20.97%	17.98%	-23.90%	-23.31%	23.98%	21.91%
	38.69	67.53	107.08	104.03	108.84	59.47	88.34	185.50	27.75	-21.62	-35.42	13.63	6.93
EPS in Rs	30.36	52.99	84.03	81.64	85.41	46.67	69.33	145.57	21.78	-16.97	-27.80	10.70	5.44
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	2,048	2,101	2,259	2,927	4,040	3,212	2,518	2,831	3,074	4,272	4,115	3,692	3,771
	2,362	2,133	2,198	2,779	3,737	3,083	2,298	2,745	2,940	3,852	3,744	3,649	3,767
Operating Profit	-314	-32	61	149	303	129	220	86	134	419	372	43	4
OPM %	-15%	-1.5%	2.7%	5%	8%	4.0%	9%	3.0%	4.4%	10%	9%	1.2%	0.1%
	3	8	1	9	20	49	4	7	-30	5	128	1	12
Interest	10	1	4	5	38	19	54	45	67	60	46	24	20
Depreciation	159	154	148	149	143	134	121	88	49	47	44	43	44
Profit before tax	-481	-180	-91	3	142	24	49	-40	-12	317	410	-23	-48
Tax %	-0%	0%	0%	1%	0%	0%	0%	0%	0%	0%	-8%	-31%
	-480	-180	-91	3	142	24	49	-40	-12	317	442	-16	-36
EPS in Rs	-416.71	-156.72	-71.62	2.32	111.32	18.91	38.84	-31.67	-9.28	249.03	346.98	-12.29	-28.63
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

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

Compounded Profit Growth
10 Years:	7%
5 Years:	%
3 Years:	%
TTM:	-117%

Stock Price CAGR
10 Years:	23%
5 Years:	53%
3 Years:	101%
1 Year:	20%

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	11	11	13	13	13	13	13	13	13	13	13	13
Reserves	-1,085	-1,265	-1,379	-1,375	-1,235	-1,106	-1,055	-1,095	-1,109	-794	-172	-167
	3,197	3,186	3,073	2,851	2,616	2,294	2,234	2,087	1,986	1,770	1,287	1,064
	354	368	512	671	775	720	705	741	862	852	790	1,103
Total Liabilities	2,477	2,300	2,219	2,160	2,169	1,920	1,897	1,745	1,752	1,841	1,918	2,013
	1,457	1,321	1,118	1,027	949	825	738	698	638	613	601	626
CWIP	21	21	22	17	29	28	27	33	26	44	98	138
Investments	0	2	7	7	7	7	7	8	8	8	8	8
	998	957	1,073	1,108	1,184	1,060	1,124	1,007	1,081	1,177	1,212	1,240
Total Assets	2,477	2,300	2,219	2,160	2,169	1,920	1,897	1,745	1,752	1,841	1,918	2,013

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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	52	58	161	344	181	225	179	107	351	329	351
	-5	-42	-25	-46	-67	5	-62	-14	-2	-68	-72	-99
	-46	-12	-52	-106	-262	-203	-104	-189	-103	-294	-303	-227
Net Cash Flow	21	-1	-19	9	15	-17	58	-24	2	-11	-46	25
Free Cash Flow	63	35	26	111	266	168	184	139	90	283	273	253
CFO/OP	-23%	-166%	97%	109%	114%	140%	102%	210%	81%	85%	89%	819%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	57	46	49	46	30	36	40	22	25	19	23	26
Inventory Days	73	68	86	78	70	78	110	96	91	76	77	77
Days Payable	47	66	90	82	60	72	93	68	60	52	60	65
Cash Conversion Cycle	83	48	46	41	41	43	58	50	56	42	40	38
Working Capital Days	-245	-165	-127	-113	-80	-87	-142	-202	-192	-81	-57	-108
ROCE %	-20%	-9%	-4%	1%	13%	2%	9%	0%	10%	40%	32%	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

Foreign Exchange Earnings
Rs. Crores ・Standalone data

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Number of Permanent Employees
employees ・Standalone data

E&T Division Export Footprint
countries ・Standalone data

DI Pipes Production
tonnes ・Standalone data

TMT Bars Production
tonnes ・Standalone data

Steel Division Installed Capacity
million tonnes per annum ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	31.04%	31.04%	31.04%	31.04%	30.69%	29.90%	29.90%	29.90%	29.90%	29.90%	29.90%	29.86%
	4.94%	4.94%	4.95%	4.99%	4.81%	4.61%	4.54%	4.60%	5.06%	5.89%	5.86%	9.28%
	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.39%	1.01%	0.97%	0.85%	0.80%	0.78%
	63.94%	63.94%	63.93%	63.89%	64.43%	65.42%	65.17%	64.49%	64.07%	63.36%	63.45%	60.09%
No. of Shareholders	9,057	7,916	7,486	7,806	8,730	8,756	9,200	8,703	9,010	9,445	9,635	8,907

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	29.57%	30.94%	31.31%	31.31%	31.31%	31.31%	31.04%	31.04%	29.90%	29.90%	29.86%
	2.51%	4.43%	4.52%	5.02%	4.95%	5.10%	4.94%	4.95%	4.54%	5.86%	9.28%
	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%	60.09%
No. of Shareholders	5,544	6,045	5,943	6,183	7,105	9,814	10,413	7,486	9,200	9,635	8,907

* 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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