Megatherm Induction Ltd
Incorporated in 2010, Megatherm Induction
Ltd manufactures and sells Capital Equipments[1]
- Market Cap ₹ 521 Cr.
- Current Price ₹ 276
- High / Low ₹ 380 / 170
- Stock P/E 21.7
- 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
* 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 | 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: | -7% |
| 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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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
30 April 2026 - Newspaper advertisements of postal ballot notice published on 30 April 2026; electronic dispatch completed.
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Shareholders meeting
28 April 2026 - Postal ballot seeks approval for loans/guarantees up to Rs10 crore; e-voting Apr 30-May 29, result by Jun 1.
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Updates
21 April 2026 - Megatherm Induction started construction of its fourth production facility on 21 April 2026.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
14 April 2026 - Megatherm Induction confirms corporate governance provisions are not applicable as it is listed on SME Exchange.
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Structural Digital Database
14 April 2026 - Megatherm Induction files FY2026 SDD compliance certificate; 2 UPSI events captured.
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.