Megatherm Induction Ltd
Incorporated in 2010, Megatherm Induction
Ltd manufactures and sells Capital Equipments[1]
- Market Cap ₹ 439 Cr.
- Current Price ₹ 233
- High / Low ₹ 387 / 226
- Stock P/E 18.3
- Book Value ₹ 81.6
- Dividend Yield 0.00 %
- ROCE 21.1 %
- ROE 16.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 31.0% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.96%
* 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 Other Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 132 | 109 | 188 | 266 | 306 | 321 | 332 | |
| 116 | 96 | 179 | 238 | 270 | 285 | 295 | |
| Operating Profit | 16 | 13 | 9 | 28 | 36 | 36 | 36 |
| OPM % | 12% | 12% | 5% | 10% | 12% | 11% | 11% |
| 1 | 0 | 0 | 1 | 1 | 3 | 6 | |
| Interest | 6 | 7 | 5 | 6 | 6 | 6 | 5 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 4 | 4 |
| Profit before tax | 8 | 4 | 2 | 20 | 28 | 29 | 32 |
| Tax % | 31% | 27% | 28% | 29% | 25% | 26% | |
| 6 | 3 | 1 | 14 | 21 | 21 | 24 | |
| EPS in Rs | 11.00 | 11.31 | 12.76 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 20% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 153% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 22% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 19 | 19 | 19 |
| Reserves | 23 | 26 | 27 | 41 | 102 | 123 | 135 |
| 42 | 43 | 40 | 43 | 36 | 33 | 35 | |
| 50 | 68 | 96 | 99 | 114 | 112 | 119 | |
| Total Liabilities | 124 | 146 | 173 | 192 | 270 | 287 | 308 |
| 44 | 43 | 40 | 58 | 64 | 77 | 77 | |
| CWIP | 0 | 0 | 2 | 1 | 0 | 1 | 3 |
| Investments | 0 | 0 | 0 | 0 | 7 | 6 | 0 |
| 80 | 103 | 131 | 133 | 199 | 203 | 228 | |
| Total Assets | 124 | 146 | 173 | 192 | 270 | 287 | 308 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 4 | 14 | 17 | 26 | 23 | 16 | |
| -3 | -5 | -3 | -20 | -37 | -20 | |
| -0 | -6 | -7 | -3 | 36 | -10 | |
| Net Cash Flow | 1 | 4 | 7 | 3 | 22 | -14 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 25 | 82 | 49 | 32 | 38 | 40 |
| Inventory Days | 180 | 256 | 166 | 129 | 133 | 152 |
| Days Payable | 108 | 139 | 91 | 77 | 69 | 67 |
| Cash Conversion Cycle | 97 | 200 | 124 | 84 | 102 | 125 |
| Working Capital Days | 17 | 6 | -24 | -28 | -15 | 4 |
| ROCE % | 15% | 9% | 30% | 27% | 21% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
15 November 2025 - H1 FY26 earnings-call transcript (Nov 12, 2025): ₹159 crore H1 revenue, ₹430 crore orderbook, ₹260 crore carryover, ₹25-40 crore CapEx.
-
Analysts/Institutional Investor Meet/Con. Call Updates
12 November 2025 - Posted audio/video of post-earnings conference call held 12 Nov 2025; YouTube link provided.
-
Investor Presentation
11 November 2025 - Filed H1 FY26 unaudited results presentation; 13.2 MVA IDT CPRI-tested; targets ₹110 Cr by FY27, ₹250 Cr by FY31.
-
Outcome of Board Meeting
11 November 2025 - H1 ended Sep 30, 2025 unaudited results: revenue Rs15,905.00L, PAT Rs1,204.05L; Rs2,600.89L IPO proceeds unutilized.
-
Outcome of Board Meeting
11 November 2025 - Approved H1 results (Sep 30, 2025): Revenue Rs15,905.00L; PAT Rs1,204.05L; unutilized IPO proceeds Rs2,600.89L.
Annual reports
Concalls
-
Nov 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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May 2024TranscriptNotesPPT
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Apr 2024TranscriptNotesPPT
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Apr 2024TranscriptNotesPPT
Business Overview:[1]
Megatherm designs, engineers, supplies, erects, and commissions turnkey steel melt shop solutions, along with after-sales services like maintenance and spare parts. It caters to steel producers, auto ancillaries, ordnance factories, railways, and DI pipe makers, with 3,000+ installations across 52+ countries spanning South America, Africa, Asia, and Europe.