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Ecoboard Inds Overview

Ecoboard Industries Ltd., established in 1991 and headquartered in Pune, India, is a publicly listed company specializing in sustainable building materials and bioenergy solutions. Operating under the brand name \"EcoYou,\" the company focuses on two primary segments: EcoBuild and EcoEnergy. The EcoBuild division produces eco-friendly particle boards made entirely from agricultural residues like bagasse, rice husk, and cotton waste, offering a sustainable alternative to traditional wood-based materials. These products, including EcoWal, EcoDek,...Read More

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Ecoboard Inds Key Financials

Market Cap ₹159 Cr.

Stock P/E -8.7

P/B 18.8

Current Price ₹60.1

Book Value ₹ 3.2

Face Value 10

52W High ₹77.8

Dividend Yield 0%

52W Low ₹ 26.2

Ecoboard Inds Share Price

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Volume
Price

Ecoboard Inds Quarterly Price

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Ecoboard Inds Peer Comparison

Ecoboard Inds Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 6 9 11 6 3 2 2 2 5 9
Other Income 0 0 0 0 0 0 1 0 0 0
Total Income 7 9 11 6 3 2 3 2 5 10
Total Expenditure 8 9 10 7 6 5 5 4 7 10
Operating Profit -1 0 1 -1 -2 -3 -2 -3 -2 -1
Interest -0 0 0 0 0 0 0 0 0 -0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 -2 0 0 -5 -4 0 0 0
Profit Before Tax -2 -0 -2 -1 -3 -8 -6 -3 -3 -1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -2 -0 -2 -1 -3 -8 -6 -3 -3 -1
Adjustments 0 -0 0 0 0 0 0 0 -0 0
Profit After Adjustments -2 -0 -2 -1 -3 -8 -6 -3 -3 -1
Adjusted Earnings Per Share -1 -0.1 -1.2 -0.7 -1.5 -4.6 -3.5 -1.5 -1.3 -0.3

Ecoboard Inds Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 17 22 16 9 20 12 15 35 39 30 13 18
Other Income 2 1 0 0 0 6 2 1 3 0 1 1
Total Income 19 23 17 9 21 18 17 36 41 30 14 20
Total Expenditure 20 28 21 15 24 18 16 34 43 33 22 26
Operating Profit -1 -5 -5 -6 -3 0 1 2 -1 -3 -8 -8
Interest 5 5 4 6 5 2 3 2 3 1 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 1 -3 0 0 2 18 14 3 2 -2 -9 -4
Profit Before Tax -7 -15 -10 -14 -7 15 11 2 -3 -7 -18 -13
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax -7 -15 -10 -14 -7 15 11 2 -3 -7 -18 -13
Adjustments 0 0 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments -7 -15 -10 -14 -7 15 11 2 -3 -7 -18 -13
Adjusted Earnings Per Share -3.9 -8.4 -5.8 -7.8 -4 8.4 6.3 1.2 -1.8 -4.1 -10.3 -6.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -57% -28% 2% -3%
Operating Profit CAGR 0% NAN% 0% 0%
PAT CAGR 0% NAN% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 104% 47% 68% 33%
ROE Average 0% -30% 9% -168%
ROCE Average -107% -43% -18% -10%

Ecoboard Inds Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 -6 10 -4 -11 4 15 17 20 13 -5
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 10 13 13 15 21 30 21 21 22 12 12
Other Non-Current Liabilities 1 1 1 1 1 1 1 1 1 1 1
Total Current Liabilities 31 36 41 49 53 27 35 24 19 30 40
Total Liabilities 51 44 64 61 63 62 73 62 62 56 48
Fixed Assets 17 16 40 37 35 24 21 20 27 19 18
Other Non-Current Assets 3 3 3 3 4 14 4 5 5 1 6
Total Current Assets 31 25 21 21 24 24 48 30 28 25 13
Total Assets 51 44 64 61 63 62 73 62 62 56 48

Ecoboard Inds Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 1 0 4 0 1 0
Cash Flow from Operating Activities 1 -0 1 1 0 -7 -2 -6 3 0 -1
Cash Flow from Investing Activities -2 -1 0 3 2 9 19 11 0 10 -5
Cash Flow from Financing Activities 1 1 -1 -4 -2 -3 -13 -8 -2 -10 7
Net Cash Inflow / Outflow 0 0 -0 0 0 -1 3 -4 1 -1 0
Closing Cash & Cash Equivalent 0 0 0 0 1 0 4 0 1 0 0

Ecoboard Inds Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -3.92 -8.35 -5.81 -7.78 -4.04 8.45 6.31 1.2 -1.76 -4.07 -10.25
CEPS(Rs) -3.16 -7.61 -4.98 -7.09 -3.44 8.98 6.84 1.75 -1.18 -3.45 -9.62
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 5.22 -3.14 5.35 -2.37 -6.4 2.06 8.48 9.62 7.91 3.84 -6.39
Core EBITDA Margin(%) -18.33 -26.93 -30.24 -72.55 -17.44 -48.99 -7.78 3.24 -10.18 -10.76 -73.72
EBIT Margin(%) -13.19 -43.15 -36.73 -84.23 -10.9 145.03 94.73 12.3 -1.09 -21.65 -139.52
Pre Tax Margin(%) -40.4 -67.52 -63.39 -155.6 -35.34 125.16 74.94 6.17 -8.14 -24.17 -143.76
PAT Margin (%) -40.4 -67.52 -63.39 -155.6 -35.34 125.16 74.94 6.17 -8.14 -24.42 -143.76
Cash Profit Margin (%) -32.59 -61.51 -54.38 -141.84 -30.09 133.04 81.21 8.99 -5.44 -20.69 -134.83
ROA(%) -11.94 -31.19 -19.1 -22.24 -11.65 24.16 16.75 3.17 -5.04 -12.28 -35.16
ROE(%) -39.98 -804.53 -525.38 -521.6 0 0 119.8 13.26 -20.12 -69.37 0
ROCE(%) -4.74 -25.28 -14.12 -16.34 -5.79 43.49 31.94 9.83 -1.04 -21.11 -107.36
Receivable days 68.28 43.39 65.79 84.86 58.82 142.79 126.95 72.22 65.78 94.22 180.34
Inventory Days 560 352.02 378.74 626.68 244.57 459.45 398.59 182.17 171.98 190.16 286.79
Payable days 131.42 125.88 200.42 277.36 188.37 805.7 437.52 111.23 109.36 151.09 354.43
PER(x) 0 0 0 0 0 0.54 0.57 22.16 0 0 0
Price/Book(x) 1.51 -1.22 0.96 -1.86 -0.35 2.21 0.42 2.77 2.35 6.8 -3.69
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.72 2.04 3.11 5.89 2.51 4 2.19 2.07 1.48 2.07 5.04
EV/Core EBITDA(x) -31.2 -8.32 -11.22 -8.28 -16.26 2371.17 47.23 32.96 -41.13 -20.77 -7.96
Net Sales Growth(%) -39.69 30.25 -25.92 -45.94 130.77 -40.94 24.78 131.13 11.18 -22.91 -57.26
EBIT Growth(%) 49.01 -317.36 36.97 -25.17 70.43 886.02 -18.5 -69.99 -109.85 -1432.4 -175.43
PAT Growth(%) 22.19 -113.19 30.48 -33.95 48.08 309.18 -25.29 -80.98 -246.84 -131.14 -151.65
EPS Growth(%) 22.19 -113.19 30.48 -33.95 48.08 309.19 -25.29 -80.98 -246.84 -131.13 -151.66
Debt/Equity(x) 3.51 -6.96 4.41 -10.55 -4.19 10.95 1.99 1.42 1.76 2.23 -1.96
Current Ratio(x) 1 0.69 0.51 0.42 0.46 0.9 1.36 1.27 1.47 0.85 0.33
Quick Ratio(x) 0.21 0.2 0.12 0.14 0.22 0.25 0.92 0.45 0.58 0.39 0.17
Interest Cover(x) -0.48 -1.77 -1.38 -1.18 -0.45 7.3 4.79 2.01 -0.15 -8.6 -32.88
Total Debt/Mcap(x) 2.33 5.72 4.58 5.68 11.88 4.95 4.7 0.52 0.75 0.33 0.53

Ecoboard Inds Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56.78 56.78 56.78 56.78 57.37 57.34 57.34 44.52 44.52 44.87
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 43.22 43.22 43.22 43.22 42.63 42.66 42.66 55.48 55.48 55.13
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ecoboard Inds News

Ecoboard Inds Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 44.87%.
  • Company has a low return on equity of -30% over the last 3 years.
  • Debtor days have increased from 151.09 to 354.43days.
  • Stock is trading at 18.8 times its book value.
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