Electrotherm India

₹790.5 15.5 | 2%

WEBSITE BSE:526608 NSE : ELECTROTHERM 18 May, 12:50

Market Cap ₹1007 Cr.

Stock P/E 3.2

P/B -1.1

Current Price ₹790.5

Book Value ₹ -692.9

Face Value 10

52W High ₹850

Dividend Yield 0%

52W Low ₹ 63.9

Edit Ratio

Electrotherm India Research see more...

Overview Inc. Year: 1986Industry: Steel & Iron Products

Electrotherm (India) Ltd is a prominent Indian company specializing in innovative solutions for the steel, power, and metal industries. Established in 1983, the company has become a leading player in the field of induction melting and heating equipment. Electrotherm is renowned for its cutting-edge technology, offering a range of products such as induction furnaces, electric arc furnaces, and metal refining converters. Additionally, the company has diversified into renewable energy with a focus on solar power projects. Committed to sustainability and efficiency, Electrotherm has earned a reputation for delivering high-quality, cost-effective solutions that cater to the evolving needs of the industrial sector in India and beyond.

Electrotherm India Share Price

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Peer Comparison

Electrotherm India Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	811	607	679	747	615	1033	931	985	1137	1218
Other Income	1	4	3	1	1	2	0	2	0	2
Total Income	811	611	681	749	616	1035	932	987	1138	1219
Total Expenditure	791	599	702	735	577	926	860	894	1011	1087
Operating Profit	21	12	-20	14	39	109	72	93	126	133
Interest	11	14	12	17	19	19	22	13	8	18
Depreciation	23	21	12	12	12	12	12	12	12	11
Exceptional Income / Expenses	0	0	0	0	0	-36	0	0	0	0
Profit Before Tax	-14	-23	-45	-16	7	42	39	68	107	104
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-14	-23	-45	-16	7	42	39	68	107	104
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-14	-23	-45	-16	7	42	39	68	107	104
Adjusted Earnings Per Share	-10.7	-17.8	-35.1	-12.5	5.7	32.6	30.4	53	84.1	81.7

Electrotherm India Profit & Loss

#(Fig in Cr.)	Sep 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1240	765	2048	2101	2259	2927	4040	3212	2518	2831	3074	4271
Other Income	7	3	9	11	20	9	36	26	4	7	7	4
Total Income	1247	767	2056	2112	2279	2936	4076	3238	2522	2838	3081	4276
Total Expenditure	1268	984	2362	2133	2203	2779	3753	3096	2298	2745	2940	3852
Operating Profit	-20	-217	-306	-21	76	157	323	142	224	93	141	424
Interest	102	10	12	4	4	5	38	19	54	45	67	61
Depreciation	143	72	159	154	148	149	143	134	121	88	49	47
Exceptional Income / Expenses	0	-28	-3	0	-14	0	0	36	0	0	-36	0
Profit Before Tax	-266	-326	-481	-180	-91	3	142	24	49	-40	-12	318
Provision for Tax	0	-4	-1	0	0	0	0	0	0	0	0	0
Profit After Tax	-266	-322	-480	-180	-91	3	142	24	49	-40	-12	318
Adjustments	0	0	2	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-266	-322	-478	-180	-91	3	142	24	49	-40	-12	318
Adjusted Earnings Per Share	-231.6	-280.4	-416.6	-156.7	-71.6	2.3	111.3	18.9	38.8	-31.7	-9.3	249.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	9%	-1%	1%	10%
Operating Profit CAGR	52%	-0%	-2%	0%
PAT CAGR	0%	NAN%	NAN%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	1102%	85%	22%	42%
ROE Average	0%	0%	0%	0%
ROCE Average	6%	5%	6%	-2%

Electrotherm India Balance Sheet

#(Fig in Cr.)	Sep 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	-257	-584	-1062	-1213	-1366	-1362	-1222	-1093	-1042	-1082	-1096
Minority's Interest	8	8	6	6	0	0	0	0	0	0	0
Borrowings	332	55	1288	1745	1828	1607	1443	1273	1013	362	245
Other Non-Current Liabilities	10	6	8	6	9	9	13	22	16	21	22
Total Current Liabilities	3253	3518	2236	1756	1748	1906	1934	1719	1910	2444	2582
Total Liabilities	3345	3002	2477	2300	2219	2160	2169	1920	1897	1745	1752
Fixed Assets	1677	1606	1457	1321	1118	1027	949	825	738	698	638
Other Non-Current Assets	82	81	72	58	99	80	107	91	128	98	76
Total Current Assets	1585	1313	914	887	1003	1053	1112	1004	1030	949	1038
Total Assets	3345	3002	2477	2300	2219	2160	2169	1920	1897	1745	1752

Electrotherm India Cash Flow

#(Fig in Cr.)	Sep 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	50	31	34	43	42	24	33	47	30	89	64
Cash Flow from Operating Activities	12	46	72	52	58	161	344	181	225	179	107
Cash Flow from Investing Activities	-0	-3	-5	-42	-25	-46	-67	5	-62	-14	-2
Cash Flow from Financing Activities	-31	-40	-46	-12	-52	-106	-262	-203	-105	-189	-103
Net Cash Inflow / Outflow	-19	3	21	-1	-19	9	15	-17	58	-24	2
Closing Cash & Cash Equivalent	31	34	55	42	24	33	47	30	89	64	66

Electrotherm India Ratios

#	Sep 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-231.62	-280.41	-416.58	-156.67	-71.64	2.32	111.34	18.92	38.85	-31.68	-9.28
CEPS(Rs)	-106.99	-218.05	-279.29	-22.18	44.89	119.47	223.43	124.25	133.45	37.31	29.32
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	-288.59	-573.04	-1009.67	-1123.89	-1072.15	-1069.37	-959.16	-858.18	-818.19	-849.58	-860.45
Core EBITDA Margin(%)	-2.04	-26.78	-14.2	-1.41	2.3	4.99	7.12	3.6	8.73	3.05	4.37
EBIT Margin(%)	-12.19	-38.51	-21.17	-7.7	-3.57	0.27	4.46	1.36	4.11	0.18	1.8
Pre Tax Margin(%)	-19.81	-39.73	-21.73	-7.89	-3.75	0.1	3.51	0.75	1.97	-1.43	-0.38
PAT Margin (%)	-19.81	-39.23	-21.69	-7.89	-3.75	0.1	3.51	0.75	1.96	-1.43	-0.38
Cash Profit Margin (%)	-9.15	-30.5	-14.49	-1.12	2.35	5.11	7.05	4.93	6.75	1.68	1.22
ROA(%)	-7.66	-10.14	-17.52	-7.53	-4.04	0.14	6.55	1.18	2.59	-2.22	-0.68
ROE(%)	0	0	0	0	0	0	0	0	0	0	0
ROCE(%)	-5.43	-11.44	-20.23	-8.92	-4.82	0.51	12.51	3.36	8.66	0.46	5.85
Receivable days	116.28	179.07	59.91	46.71	42.49	41.22	31.75	36.93	43.02	28.64	22.28
Inventory Days	200.05	265.62	67.82	48.68	46.76	49.1	45.68	59.87	72.04	67.67	66.31
Payable days	96.01	105.6	47	60.44	76.8	73.25	59.57	73.94	95.44	70.94	60.67
PER(x)	0	0	0	0	0	55.16	1.62	4.54	2.87	0	0
Price/Book(x)	-0.04	-0.03	-0.02	-0.04	-0.16	-0.12	-0.19	-0.1	-0.14	-0.13	-0.06
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	2.62	4.23	1.55	1.5	1.44	1.01	0.69	0.73	0.9	0.76	0.64
EV/Core EBITDA(x)	-158.91	-14.9	-10.36	-149.07	42.73	18.81	8.61	16.57	10.16	23.2	14.06
Net Sales Growth(%)	-51.97	-38.35	167.82	2.6	7.51	29.62	38.01	-20.5	-21.6	12.44	8.57
EBIT Growth(%)	55.12	-93.13	-48.19	62.51	50.54	109.34	2123.55	-75.85	137.63	-95.09	989.57
PAT Growth(%)	65.97	-21	-49.08	62.52	49.25	103.24	4691.55	-83.01	105.35	-181.61	70.7
EPS Growth(%)	65.99	-21.06	-48.56	62.39	54.27	103.24	4692.23	-83.01	105.35	-181.55	70.71
Debt/Equity(x)	-10.18	-5.01	-2.78	-2.52	-2.25	-2.09	-2.14	-2.1	-2.14	-1.93	-1.81
Current Ratio(x)	0.49	0.37	0.41	0.51	0.57	0.55	0.58	0.58	0.54	0.39	0.4
Quick Ratio(x)	0.27	0.24	0.26	0.35	0.37	0.32	0.28	0.3	0.28	0.16	0.18
Interest Cover(x)	-1.6	-31.73	-37.89	-41.32	-19.79	1.58	4.69	2.24	1.92	0.11	0.82
Total Debt/Mcap(x)	220.42	160.54	127	56.81	14.04	17.46	11.35	20.94	15.69	14.48	28.18

Electrotherm India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	31.31	31.31	31.04	31.04	31.04	31.04	31.04	31.04	31.04	31.04
FII	4.94	5.1	4.94	4.94	4.94	0.63	4.94	4.94	4.94	4.95
DII	0.08	0.08	0.08	0.08	0.08	4.39	0.08	0.08	0.08	0.08
Public	63.67	63.5	63.94	63.94	63.94	63.94	63.94	63.94	63.94	63.93
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4
FII	0.06	0.07	0.06	0.06	0.06	0.01	0.06	0.06	0.06	0.06
DII	0	0	0	0	0	0.06	0	0	0	0
Public	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.81
Others	0	0	0	0	0	0	0	0	0	0
Total	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27

Pros

Stock is trading at -1.1 times its book value
Debtor days have improved from 70.94 to 60.67days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 31.04%.
Company has a low return on equity of 0% over the last 3 years.

* 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.

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Electrotherm India

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Electrotherm India Research see more...

Overview Inc. Year: 1986Industry: Steel & Iron Products

Electrotherm India Share Price

Alert Data

Quarterly Price

Peer Comparison

Electrotherm India Quarterly Results

Electrotherm India Profit & Loss

Growth Rates

Electrotherm India Balance Sheet

Electrotherm India Cash Flow

Electrotherm India Ratios

Electrotherm India Shareholding Pattern

Electrotherm India News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

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