Megatherm Induction Ltd
Incorporated in 2010, Megatherm Induction
Ltd manufactures and sells Capital Equipments[1]
- Market Cap ₹ 653 Cr.
- Current Price ₹ 347
- High / Low ₹ 490 / 255
- Stock P/E 30.7
- 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: | 5% |
| 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 | 89 | 94 | 38 | 12 | 21 | 44 |
| ROCE % | 15% | 9% | 30% | 27% | 21% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
5 June 2025 - Megatherm targets ₹500 Cr revenue with 8-9% margin; JV with Cyprium USA to enter North America.
-
Analysts/Institutional Investor Meet/Con. Call Updates
3 June 2025 - Submission of post earnings conference call recording for FY 2024-25 to NSE.
-
Investor Presentation
2 June 2025 - Investor presentation on Megatherm's H2 & FY25 audited financial results submitted.
-
Agreements,Contracts,Arrangements,MOU-XBRL
27 May 2025 - MEGATHERM INDUCTION LIMITED has informed regarding Joint venture agreements
-
Agreements
27 May 2025 - Megatherm forms JV with Cyprium Induction for North American market, holding 49.99% shares.
Annual reports
Concalls
-
Jun 2025Transcript PPT REC
-
Nov 2024Transcript PPT REC
-
May 2024TranscriptNotesPPT
-
Apr 2024TranscriptNotesPPT
-
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