Megatherm Induction Ltd
Incorporated in 2010, Megatherm Induction
Ltd manufactures and sells Capital Equipments[1]
- Market Cap ₹ 470 Cr.
- Current Price ₹ 249
- High / Low ₹ 290 / 170
- Stock P/E 19.4
- Book Value ₹ 87.8
- Dividend Yield 0.00 %
- ROCE 18.1 %
- ROE 15.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 51.0% 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
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 132 | 109 | 188 | 266 | 306 | 321 | 346 | |
| 116 | 96 | 179 | 238 | 270 | 285 | 313 | |
| Operating Profit | 16 | 13 | 9 | 28 | 36 | 36 | 33 |
| OPM % | 12% | 12% | 4.6% | 10% | 12% | 11% | 10% |
| 1 | 0 | 0 | 1 | 1 | 3 | 6 | |
| Interest | 6 | 7 | 5 | 6 | 6 | 6 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 4 | 5 |
| Profit before tax | 8 | 4 | 2 | 20 | 28 | 29 | 31 |
| Tax % | 31% | 27% | 28% | 29% | 25% | 26% | 23% |
| 6 | 3 | 1 | 14 | 21 | 21 | 24 | |
| EPS in Rs | 11.00 | 11.31 | 12.57 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 9% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 20% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 18% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 19 | 19 | 19 |
| Reserves | 23 | 26 | 27 | 41 | 102 | 123 | 146 |
| 42 | 43 | 40 | 43 | 36 | 33 | 49 | |
| 50 | 68 | 96 | 99 | 114 | 112 | 130 | |
| Total Liabilities | 124 | 146 | 173 | 192 | 270 | 287 | 344 |
| 44 | 43 | 40 | 58 | 64 | 77 | 86 | |
| CWIP | 0 | 0 | 2 | 1 | 0 | 1 | 3 |
| Investments | 0 | 0 | 0 | 0 | 7 | 6 | 2 |
| 80 | 103 | 131 | 133 | 199 | 203 | 253 | |
| Total Assets | 124 | 146 | 173 | 192 | 270 | 287 | 344 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 4 | 14 | 17 | 26 | 23 | 16 | 5 | |
| -3 | -5 | -3 | -20 | -37 | -20 | 12 | |
| -0 | -6 | -7 | -3 | 36 | -10 | 13 | |
| Net Cash Flow | 1 | 4 | 7 | 3 | 22 | -14 | 30 |
| Free Cash Flow | 1 | 13 | 16 | 7 | 10 | -3 | -11 |
| CFO/OP | 36% | 120% | 205% | 109% | 81% | 62% | 37% |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 82 | 49 | 32 | 38 | 40 | 40 |
| Inventory Days | 180 | 256 | 166 | 129 | 133 | 152 | 184 |
| Days Payable | 108 | 139 | 91 | 77 | 69 | 67 | 71 |
| Cash Conversion Cycle | 97 | 200 | 124 | 84 | 102 | 125 | 152 |
| Working Capital Days | 17 | 6 | -24 | -28 | -15 | 4 | 8 |
| ROCE % | 15% | 9% | 30% | 27% | 21% | 18% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Export Revenue Share % |
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| Spares / After-Sales Revenue Rs. Cr |
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| Number of Employees count |
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| Order Book Rs. Cr |
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| Cumulative Installations count |
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| Number of Countries Exported count |
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| Number of Manufacturing Facilities count |
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| Transformer Order Book MVA |
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Extracted by Screener AI
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
- Megatherm Induction to host physical plant visit for investors on 9 October 2026 in Kharagpur.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended September 30, 2026; no rematerialisation requests received.
-
Credit Rating- Revision
- CRISIL upgraded Megatherm Induction’s Rs.105 crore bank facilities to BBB+/Stable and A2.
-
Trading Window
- Trading window closes from 1 October 2026 until 48 hours after half-year results.
-
Analysts/Institutional Investor Meet/Con. Call Updates
- Megatherm Induction will host a virtual analyst meet with Arihant Capital on 25 September 2026, 4-5 pm IST.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
Concalls
-
Jun 2026Transcript PPT REC
-
Nov 2025Transcript PPT
-
Jun 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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May 2024PPT
-
Apr 2024PPT
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Apr 2024PPT
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.