Megatherm Induction Ltd
Incorporated in 2010, Megatherm Induction
Ltd manufactures and sells Capital Equipments[1]
- Market Cap ₹ 595 Cr.
- Current Price ₹ 316
- High / Low ₹ 405 / 255
- Stock P/E 27.9
- Book Value ₹ 75.2
- 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
* 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 | |
|---|---|---|---|---|---|---|
| 132 | 109 | 188 | 266 | 306 | 321 | |
| 116 | 96 | 179 | 238 | 270 | 285 | |
| Operating Profit | 16 | 13 | 9 | 28 | 36 | 36 |
| OPM % | 12% | 12% | 5% | 10% | 12% | 11% |
| 1 | 0 | 0 | 1 | 1 | 3 | |
| Interest | 6 | 7 | 5 | 6 | 6 | 6 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 4 |
| Profit before tax | 8 | 4 | 2 | 20 | 28 | 29 |
| Tax % | 31% | 27% | 28% | 29% | 25% | 26% |
| 6 | 3 | 1 | 14 | 21 | 21 | |
| EPS in Rs | 11.00 | 11.31 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 20% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 153% |
| TTM: | 3% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 19 | 19 |
| Reserves | 23 | 26 | 27 | 41 | 102 | 123 |
| 42 | 43 | 40 | 43 | 36 | 33 | |
| 50 | 68 | 96 | 99 | 114 | 112 | |
| Total Liabilities | 124 | 146 | 173 | 192 | 270 | 287 |
| 44 | 43 | 40 | 58 | 64 | 77 | |
| CWIP | 0 | 0 | 2 | 1 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 7 | 6 |
| 80 | 103 | 131 | 133 | 199 | 203 | |
| Total Assets | 124 | 146 | 173 | 192 | 270 | 287 |
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
-
Updates
8 August 2025 - Dispatch of Annual Report web-link to shareholders without registered emails for FY 2024-25.
-
Copy of Newspaper Publication
7 August 2025 - Notice of 15th AGM on 29 August 2025 published in newspapers by Megatherm Induction Limited.
-
Shareholders meeting
7 August 2025 - Notice of 15th AGM on 29 Aug 2025; reappointment of MD and director; ratify cost auditor; approve related party property purchase ₹1.78 Cr.
-
Analysts/Institutional Investor Meet/Con. Call Updates
5 August 2025 - Investor meeting scheduled on 6 Aug 2025, virtual, no unpublished info to be discussed.
-
Agreements
28 July 2025 - Promoter Megatherm Electronics signed 12-month equity placement guidance deal with Kaptle Ventures on July 28, 2025.
Annual reports
Concalls
-
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][2][3]
a) MIL is in the field of induction heating and melting solutions using electrical induction, viz. induction melting furnaces and induction heating equipment.
b) It is a supplier of upstream and downstream equipment and machinery, induction heating & hardening equipment, transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems, among others
c) Company offers turnkey solutions for steel plants, which include planning, engineering, delivery, assembly, and commissioning of steel plants with its
own or outsourced systems and machines, and customer service with maintenance contracts and spare parts business
d) It carries on repairs and servicing for production, modification, reconstruction
etc. for Engineering goods, equipments, plant & machineries
d) It has completed about 3,000 installations