Megatherm Induction Ltd
Incorporated in 2010, Megatherm Induction
Ltd manufactures and sells Capital Equipments[1]
- Market Cap ₹ 438 Cr.
- Current Price ₹ 232
- High / Low ₹ 380 / 170
- Stock P/E 18.2
- 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: | -16% |
| 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 |
| Free Cash Flow | 1 | 13 | 16 | 7 | 10 | -3 |
| CFO/OP | 36% | 120% | 205% | 109% | 81% | 62% |
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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Annual Production Capacity (Induction Equipment) Units per year |
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| Revenue Mix - Domestic % |
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| Revenue Mix - Exports % |
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| Global Presence (Number of Countries) Count |
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| Capacity Utilization Rate % |
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| Cumulative Installations Count |
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| Employee Retention Ratio (>10 Years Tenure) % |
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| Order Book INR Crores |
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| Number of Engineers Count |
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| Transformer Manufacturing Capacity MVA |
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| Transformer Manufacturing Capacity INR Crores |
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Documents
Announcements
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Outcome of Board Meeting
10 April 2026 - Board approved reappointment of internal, secretarial and cost auditors on April 10, 2026.
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Price movement
9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; all shares remain in demat form.
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Updates
2 April 2026 - Promoter Megatherm Electronics Pvt. Ltd. bought 3,600 shares between 19 and 27 March 2026.
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Trading Window
25 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results; board date pending.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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May 2024TranscriptAI SummaryPPT
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Apr 2024TranscriptAI SummaryPPT
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Apr 2024TranscriptAI SummaryPPT
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.