Megatherm Induction Ltd
Incorporated in 2010, Megatherm Induction
Ltd manufactures and sells Capital Equipments[1]
- Market Cap ₹ 383 Cr.
- Current Price ₹ 203
- High / Low ₹ 380 / 198
- Stock P/E 15.9
- 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: | -39% |
| 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
-
General Updates
15 January 2026 - Statutory auditor converted to M S K A & Associates LLP effective 13 Jan 2026; will continue.
-
Monthly Business Updates
12 January 2026 - Secured >400 MVA transformer orders; ₹250 Cr carryover; FY27 turnover >₹450 Cr; US JV incorporation; deliveries from March.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
3 January 2026 - Certificate under Reg 74(5) for quarter ended 31 Dec 2025: all shares dematerialised, no rematerialisation requests.
-
Analysts/Institutional Investor Meet/Con. Call Updates
1 December 2025 - Registration link for Megatherm investor meet on 4 December 2025 at 3:00 pm (virtual).
-
Analysts/Institutional Investor Meet/Con. Call Updates
29 November 2025 - One-on-one physical meeting with FII on 4 Dec 2025 at 11:30 IST.
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 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.