Ecoboard Industries Ltd - Stock Valuation and Financial Performance

BSE: 523732 | NSE: WESTERNBIO | Wood & Wood Products | Small Cap

Ecoboard Inds Share Price

26.39 0.38 1.46%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ecoboard Inds

M-Cap below 100cr DeciZen not available

Ecoboard Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
46.6 Cr.
52-wk low:
16.3
52-wk high:
36.5

Is Ecoboard Industries Ltd an attractive stock to invest in?

1. Is Ecoboard Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ecoboard Industries Ltd is a below average quality company.

2. Is Ecoboard Industries Ltd undervalued or overvalued?

The key valuation ratios of Ecoboard Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Ecoboard Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ecoboard Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ecoboard Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ecoboard Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -10.1%-10.5%-29.6%-17.4%-20.4%-9.8%22.6%7.2%3.4%-6.7%-
Value Creation
Index
-1.7-1.8NA-2.2NANA0.6-0.5-0.8-1.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 28.116.922.116.38.820.4121534.738.625
Sales YoY Gr.--39.7%30.2%-25.9%-46%130.8%-40.9%24.8%131.2%11.2%-
Adj EPS -5.1-4.7-8.4-5.9-7.8-4.14.20.6-0-2.7-4.9
YoY Gr.-NANANANANANA-84.8%-103.2%NA-
BVPS (₹) 14.45.2-3.15.4-2.4-6.42.18.59.67.95
Adj Net
Profit
-9.1-8.4-14.9-10.4-13.9-7.27.41.10-4.8-9
Cash Flow from Ops. 41.2-0.210.90.4-6.8-2.4-6.22.5-
Debt/CF from Ops. 7.227.5-16041.949.1125.5-5.9-12.6-3.99.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.6%34.3%47.5%11.2%
Adj EPS NANA-186.8%NA
BVPS-6.4%NA56.6%-17.8%
Share Price 22.6% 63.5% 94.3% 37.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-30.1-47.8-805.6-529.4-520.692.5-190.911.9-0.2-25.7-76.1
Op. Profit
Mgn %
-5.8-18.7-26.9-30.2-72.7-17.4-43.7-7.83.3-10.2-34
Net Profit
Mgn %
-32.3-49.3-67.6-63.9-156.8-35.561.57.5-0.1-12.5-35.5
Debt to
Equity
1.13.5-74.4-10.6-4.21121.41.8-
Working Cap
Days
540738471521876412910987408285217
Cash Conv.
Cycle
38450132233054215221531218717472

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 47.45%

Debt to equity has declined versus last 3 years average to 1.76

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at 4.83%

Latest Financials - Ecoboard Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -4.9 -
TTM Sales (₹ Cr.) 24.8 -
BVPS (₹.) 5 -
Reserves (₹ Cr.) -9 -
P/BV 5.19 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 16.25 / 36.50
All Time Low / High (₹) 0.65 / 135.00
Market Cap (₹ Cr.) 46.6
Equity (₹ Cr.) 17.8
Face Value (₹) 10
Industry PE 36.6

Management X-Ray of Ecoboard Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ecoboard Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales28.0816.9322.0516.348.8320.3812.0415.0234.7238.60
Operating Expenses 29.7120.102821.2815.3023.9417.9316.1933.5942.53
Manufacturing Costs5.301.276.883.942.592.323.184.888.958.61
Material Costs16.3614.5815.0510.147.7117.564.926.8217.3420.54
Employee Cost 2.501.622.142.251.991.591.681.832.882.88
Other Costs 5.552.633.924.953.012.468.152.664.4210.49
Operating Profit -1.63-3.17-5.94-4.94-6.47-3.56-5.90-1.171.13-3.93
Operating Profit Margin (%) -5.8%-18.7%-26.9%-30.2%-73.2%-17.4%-49.0%-7.8%3.2%-10.2%
Other Income 0.531.690.530.410.190.415.921.871.052.54
Interest 4.514.715.384.366.364.982.392.972.132.72
Depreciation 3.371.351.331.471.231.070.950.940.981.04
Exceptional Items 00.55-2.78001.9918.3914.473.072.01
Profit Before Tax -8.98-6.99-14.90-10.36-13.87-7.2015.0711.262.14-3.14
Tax 0000000000
Profit After Tax -8.98-6.99-14.90-10.36-13.87-7.2015.0711.262.14-3.14
PAT Margin (%) -32.0%-41.3%-67.6%-63.4%-157.0%-35.3%125.2%74.9%6.2%-8.1%
Adjusted EPS (₹)-5.0-3.9-8.4-5.8-7.8-4.08.56.31.2-1.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 25.669.30-5.609.54-4.22-11.423.6715.1217.1520.44
Share Capital 17.8317.8317.8317.8317.8317.8317.8317.8317.8317.83
Reserves 7.82-8.53-23.43-8.29-22.05-29.25-14.16-2.71-0.682.61
Minority Interest0000000000
Debt28.5732.6338.9842.0844.5347.8740.1730.1423.7724.09
Long Term Debt3.719.7812.9913.1314.5320.6530.0221.3721.0622.10
Short Term Debt24.8622.8525.9928.953027.2110.158.772.711.99
Trade Payables7.305.145.245.895.8212.319.436.923.658.66
Others Liabilities 4.254.205.636.6814.4214.348.3620.6217.889.01
Total Liabilities 65.7851.2844.2664.2060.5663.1061.6372.8062.4562.20

Fixed Assets

Gross Block107.0281.8981.89101.9695.5695.2572.4670.5670.8978.15
Accumulated Depreciation80.9664.5965.8662.0759.0259.9848.7449.6550.5851.52
Net Fixed Assets26.0617.3016.0339.8936.5435.2723.7220.9120.3126.63
CWIP 01.712.342.362.362.362.362.373.453.25
Investments 0000000000
Inventories28.2324.8517.7216.1914.4312.8917.4215.3919.2717.11
Trade Receivables4.272.203.052.841.305.264.156.307.446.47
Cash Equivalents 1.500.490.760.440.340.810.153.650.050.75
Others Assets5.714.734.372.475.596.4913.8324.1911.937.99
Total Assets 65.7851.2844.2664.2060.5663.1061.6372.8062.4562.20

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3.951.19-0.2410.910.38-6.84-2.39-6.212.51
PBT -8.98-6.99-14.90-10.36-13.87-7.2015.0711.262.14-3.14
Adjustment 9.165.577.127.698.315.98-12.91-11.640.552.13
Changes in Working Capital 3.772.67.533.676.471.64-8.97-1.96-8.853.68
Tax Paid 00000-0.04-0.02-0.03-0.06-0.17
Cash Flow From Investing Activity -0.46-1.73-0.650.062.831.709.2119.0510.720.12
Capex -0.46-1.73-0.650.062.831.708.50-0.090.565.85
Net Investments 0000000000
Others 0000000.7119.1410.16-5.73
Cash Flow From Financing Activity -3.630.551.06-1.15-3.71-1.60-3.03-13.17-8.11-1.93
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -4.23-4.50-5.18-1.64-3.33-3.50-2.94-2.40-2.09-0.59
Dividend Paid 0000000000
Others 0.605.056.240.49-0.381.89-0.10-10.77-6.02-1.33
Net Cash Flow -0.1400.16-0.090.030.48-0.663.50-3.600.70
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-29.79-39.98N/A-525.38N/AN/A0119.813.26-20.12
ROCE (%)-7.66-4.74N/A-14.12N/AN/A43.4931.949.83-1.04
Asset Turnover Ratio0.40.30.460.30.140.330.190.220.510.62
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A-0.45-0.21-2.9N/A
Working Capital Days
Receivable Days7068436685591431277266
Inventory Days397560352379627245459399182172
Payable Days150131126200277188806438111109

Ecoboard Industries Ltd Stock News

Ecoboard Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ecoboard Inds on 28-Mar-2024 16:01 is ₹26.39.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Ecoboard Inds stood at ₹46.60.
The latest P/E ratio of Ecoboard Inds as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Ecoboard Inds as of 28-Mar-2024 16:01 is 5.19.
The 52-week high of Ecoboard Inds is ₹36.50 and the 52-week low is ₹16.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ecoboard Inds is ₹24.79 ( Cr.) .

About Ecoboard Industries Ltd

Ecoboard Industries was established in 1986 by like-minded promoters who have been associated with the cause of environmental control. Ecoboard Industries Limited today is in the forefront to provide consultancy and supply of efficient effluent treatment systems on turnkey basis.

To prevent the environment from damage, Ecoboard Industries Limited brings the state-of-the-art technology, to treat effluent and turn it into a useful non-conventional energy resource.

ECOBOARD’ is a 100% Woodfree tough alternative to conventional particle boards, plywood and other panel products. In keeping with its commitment towards a Greener Earth, Ecoboard Industries Ltd. brought a Revolutionary Concept in Design and Decor.

'ECOBOARD' is a versatile all purpose particle board. Its homogeneous processing and usage of fibre-reinforcement system with 11% resin content ensures a much higher bonding strength which is as good as natural wood. Ecoboard Industries Ltd., in collaboration with nature, is in the pursuit of converting the planet into a good earth obviating the side effects of industrial revolution.

Ecoboard Industries has set up two state-of-the-art, modern manufacturing facilities at Jambhulwadi in Sangli district and Velapur in Solapur district of Maharashtra.

Spread over 30 acres of land, the Jambhulwadi plant has been set up at a cost of Rs 2800 lakh and has a production capacity of 120 cubic metres per day. About 100,000 tonnes of bagasse per annum, which would otherwise go waste, is consumed by the plant to produce ECOBOARD. The machinery includes supplies from 'Siempelkamp' 'Wurtex' DRIAS, Becker Von HULLUEN of Germany and IMEAS of Italy.

Spread over 90 acres of land, the Velapur plant has been set up at a cost of Rs 55 crore. The plant is much more sophisticated and automated. Most of its machinery is imported from Germany and U.K. The plant has on-line changing options for various thickness boards. Its production capacity is 36 lakh sq.mts.per annum.

Ecoboard Industries Ltd. (Bio Systems Division) is in the forefront of generating renewable non-conventional energy from organic industrial effluents for the past 20 years. Its CSTR Anaerobic Plant (Biogas Plant) is most effective in controlling environmental pollution due to industrial effluents, and in generating substantial biogas a valuable resource of renewable energy.

Product range of the company includes:

  • Plain Particle Board- 100% wood free smooth surface and excellent bonding strength, High durability, Easy maintenance, Excellent machinability, Dimensional stability, More economical, saves time and labor, No wrapping or deformation, Moisture resistance, Fire retardant, High resistance to abrasion, Termite resistance, Excellent screw holding capacity.
  • Laminated Particle Board- 100% wood free and laminated with imported paper. High durability, Easy maintenance, Excellent machinability, Dimensional stability, More economical, saves time and labor, No wrapping or deformation, Moisture resistance, Fire retardant, High resistance to abrasion, Termite resistance, Excellent screw holding capacity.
  • Furniture includes- Manger's Table, Executive Table, Reception Table, Discussion Table and Storage Unit.

Different divisions of the company are:

  • Particle Board
  • Bio System
  • Furniture

Awards/Achievements

The ISO 9001 and ISO 14001 certified company.

Other achievements

Ecoboard conserves tree resources and forest wealth, it saves environment from pollutants it promotes rural economy and employment it helps farmers getting remunerative price for their sugarcane it promotes self-employment among carpenters, artisans etc and it prevents exodus from rural to urban areas.

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