Megatherm Induction Ltd
Incorporated in 2010, Megatherm Induction
Ltd manufactures and sells Capital Equipments[1]
- Market Cap ₹ 405 Cr.
- Current Price ₹ 215
- High / Low ₹ 346 / 170
- Stock P/E 16.7
- 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% | 5% | 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: | -38% |
| 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
Figures in Rs. Crores
| 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 | 10 |
| ROCE % | 15% | 9% | 30% | 27% | 21% | 18% |
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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Analysts/Institutional Investor Meet/Con. Call Updates
29 June 2026 - Megatherm Induction to hold investor/analyst meet in Mumbai on 3 July 2026, 9 am-4 pm.
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General Updates
18 June 2026 - Corporate promoter bought 800 shares on 17 June 2026 and 800 shares on 18 June 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
17 June 2026 - Investor meet highlighted FY26 income ₹352.8 Cr, EBITDA ₹39.8 Cr, PAT ₹23.7 Cr and 20–25% revenue CAGR target.
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General Updates
15 June 2026 - Corporate promoter Megatherm Electronics Private Limited purchased 4,800 shares on 15 June 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
9 June 2026 - Megatherm Induction to present at Hem Securities virtual investor meet on 17 June 2026.
Annual reports
Concalls
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Jun 2026Transcript PPT REC
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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.