Is Electrotherm (India) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Electrotherm (India) Ltd is a average quality company .

Is Electrotherm (India) undervalued or overvalued?

The key valuation ratios of Electrotherm (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Electrotherm (India) share price return in the past 10 years?

Electrotherm (India) Ltd share price has appreciated 41.1% annually (CAGR) over the past ten years.

Is Electrotherm (India) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Electrotherm (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Electrotherm (India) Ltd - Stock Valuation and Financial Performance

Name: Electrotherm (India)
Brand: Electrotherm (India)

BSE: 526608 | NSE: ELECTHERM | Steel & Iron Products | Small Cap

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Electrotherm India Share Price

₹686.40 0.00 0.00%
as on 18-Apr'24 16:01

10 Year X-Ray of Electrotherm India:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-11.1%	-19%	-7.8%	-3.8%	1%	11.5%	1.6%	8.2%	-2%	-0.7%	-
Value Creation Index ⓘ	NA	NA	NA	NA	-0.9	-0.2	-0.9	-0.4	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,320	1,829	1,862	1,970	2,735	3,462	2,836	2,527	2,830	3,074	4,087
Sales YoY Gr.	-	38.6%	1.8%	5.8%	38.8%	26.6%	-18.1%	-10.9%	12%	8.6%	-
Adj EPS ⓘ	-526.1	-384	-134.6	-54.8	10	107.5	5.9	51.7	-42.5	-41.7	183.6
YoY Gr.	-	NA	NA	NA	NA	973.6%	-94.5%	780.1%	-182.3%	NA	-
BVPS (₹) ⓘ	-1,020.6	-920.8	-1,111.4	-998.6	-989.4	-879.9	-762.5	-711.8	-754.1	-815.9	-647.4
Adj Net Profit ⓘ	-604	-441	-154	-69.8	12.8	137	7.5	65.8	-54.2	-53.1	234
Cash Flow from Ops. ⓘ	43.9	72.1	30.5	64.4	155	336	177	225	179	106	-
Debt/CF from Ops. ⓘ	141.6	42.5	99.2	45.9	17.7	7.5	12.5	9.5	11.1	17.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.9%	2.4%	2.7%	8.6%
Adj EPS ⓘ	NA	-233%	-292.2%	NA
BVPSⓘ	NA	NA	NA	NA
Share Price	41.1%	18%	89.7%	1014.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	73.3	55.6	13.9	5.6	-1	-11.5	-0.7	-7	5.8	5.3	-25.1
Op. Profit Mgn % ⓘ	-34.1	-16	0.7	3.9	5.7	8.3	4.7	9.1	3.4	4.4	9.7
Net Profit Mgn % ⓘ	-45.8	-24.1	-8.3	-3.5	0.5	4	0.3	2.6	-1.9	-1.7	5.7
Debt to Equity ⓘ	-5.4	-2.9	-2.5	-2.3	-2.2	-2.2	-2.3	-2.4	-2.1	-1.8	-
Working Cap Days ⓘ	729	199	156	163	137	114	138	150	130	116	47
Cash Conv. Cycle ⓘ	408	102	65	56	46	41	53	52	47	40	-48

Recent Performance Summary

Sales growth is good in last 4 quarters at 56.08%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 2.72%

Net Profit has been subdued in last 3 years -292.16%

Latest Financials - Electrotherm (India) Ltd.

	Standalone	Consolidated
TTM EPS (₹)	183.6	200
TTM Sales (₹ Cr.)	4,087	4,087
BVPS (₹.) ⓘ	-647.4	-692.9
Reserves (₹ Cr.) ⓘ	-838	-896
P/BV ⓘ	-1.06	-0.99
PE ⓘ	3.74	3.43

From the Market
52 Week Low / High (₹)	60.05 / 686.45
All Time Low / High (₹)	2.45 / 673.00
Market Cap (₹ Cr.)	875
Equity (₹ Cr.)	12.7
Face Value (₹)	10
Industry PE ⓘ	26

Management X-Ray of Electrotherm India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

7.52

7.58

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

Valuation of Electrotherm India

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Electrotherm India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	660	1,829	1,862	1,970	2,735	3,462	2,836	2,527	2,830	3,074
Operating Expenses ⓘ	885	2,122	1,941	1,894	2,580	3,176	2,703	2,301	2,735	2,940
Manufacturing Costs	116	299	301	377	321	400	373	316	344	344
Material Costs	693	1,526	1,285	1,266	1,945	2,429	1,977	1,691	2,081	2,295
Employee Cost	37	88	103	120	137	157	147	130	134	145
Other Costs ⓘ	38	209	252	130	177	190	207	164	176	155
Operating Profit ⓘ	-225	-293	-79	76	155	286	133	226	95	135
Operating Profit Margin (%)	-34.1%	-16.0%	-4.2%	3.9%	5.7%	8.3%	4.7%	9.0%	3.4%	4.4%
Other Income ⓘ	3	6	7	11	6	31	26	4	4	7
Interest ⓘ	2	9	4	6	5	38	19	50	45	66
Depreciation ⓘ	69	146	143	144	145	138	130	117	86	47
Exceptional Items ⓘ	-28	0	0	-14	0	0	36	0	-22	-105
Profit Before Tax ⓘ	-321	-441	-218	-77	11	141	45	63	-54	-77
Tax ⓘ	0	-1	0	0	0	0	0	0	0	0
Profit After Tax	-321	-441	-218	-77	11	141	45	63	-54	-77
PAT Margin (%)	-48.7%	-24.1%	-11.7%	-3.9%	0.4%	4.1%	1.6%	2.5%	-1.9%	-2.5%
Adjusted EPS (₹)	-279.0	-383.0	-190.0	-60.3	8.8	110.5	35.3	49.7	-42.6	-60.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	-573	-1,013	-1,203	-1,272	-1,260	-1,121	-971	-907	-961	-1,039
Share Capital ⓘ	23	23	52	13	13	13	13	13	13	13
Reserves ⓘ	-597	-1,037	-1,255	-1,285	-1,273	-1,134	-984	-920	-973	-1,052
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	3,108	3,063	1,950	1,996	1,782	1,527	1,257	1,006	377	259
Long Term Debt	0	1,221	1,682	1,779	1,571	1,405	1,243	992	362	245
Short Term Debt	3,108	1,842	268	216	212	122	15	15	15	15
Trade Payables	190	188	231	332	421	435	431	387	385	375
Others Liabilities ⓘ	125	122	1,175	1,101	1,148	1,269	1,202	1,411	1,965	2,114
Total Liabilities ⓘ	2,849	2,361	2,153	2,157	2,091	2,111	1,918	1,897	1,765	1,709
Fixed Assets
Gross Block	2,133	2,142	2,157	1,170	1,228	1,289	1,319	1,351	1,398	1,424
Accumulated Depreciation	719	864	1,007	144	289	427	554	671	757	804
Net Fixed Assetsⓘ	1,414	1,277	1,150	1,026	939	862	764	680	641	620
CWIP ⓘ	10	10	11	20	16	27	27	27	33	26
Investmentsⓘ	127	127	49	46	46	46	46	46	46	10
Inventories	418	274	241	333	427	526	477	495	542	566
Trade Receivables	406	344	309	343	390	357	338	293	176	197
Cash Equivalents	31	47	68	33	48	59	46	97	71	72
Others Assetsⓘ	442	281	325	357	225	233	219	258	256	217
Total Assets ⓘ	2,849	2,361	2,153	2,157	2,091	2,111	1,918	1,897	1,765	1,709

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	22	72	31	64	155	336	177	225	179	106
PBT ⓘ	-321	-441	-218	-77	11	141	45	63	-54	-77
Adjustment ⓘ	70	292	304	157	183	142	98	163	150	214
Changes in Working Capital ⓘ	273	223	-55	-16	-39	54	34	-2	85	-29
Tax Paid ⓘ	0	-1	-1	-1	-1	-1	-1	0	-2	-2
Cash Flow From Investing Activity ⓘ	-3	-6	-12	-30	-38	-67	-6	-63	-14	-2
Capex	-4	-9	-16	-31	-50	-72	-23	-41	-40	-18
Net Investments	0	0	1	0	7	0	14	-25	24	12
Others ⓘ	1	3	3	1	4	5	3	3	2	3
Cash Flow From Financing Activityⓘ	-17	-50	-26	-50	-103	-253	-184	-104	-189	-102
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	-46	-98	-226	-161	-65	-148	-100
Interest Paid ⓘ	-2	-6	-1	-4	-5	-27	-22	-37	-41	-1
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-15	-44	-25	0	0	0	-2	-2	-1	-1
Net Cash Flow ⓘ	3	16	-8	-16	13	16	-14	59	-24	2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.23	0.75	0.89	0.97	1.31	1.65	1.41	1.32	1.55	1.77
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	14.09	2.38	3.93	3.57	N/A	N/A
Working Capital Days
Receivable Days	206	70	60	57	48	39	45	46	30	22
Inventory Days	278	65	47	50	50	50	65	70	67	66
Payable Days	102	45	60	81	71	64	80	88	67	60

Electrotherm (India) Ltd Stock News

Electrotherm (India) Ltd FAQs

What is the share price of Electrotherm India?

Company share prices are keep on changing according to the market conditions. The closing price of Electrotherm India on 18-Apr-2024 16:01 is ₹686.4.

What is the market cap of Electrotherm India?

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 18-Apr-2024 16:01 the market cap of Electrotherm India stood at ₹874.7.

What is the P/E ratio of Electrotherm India?

The latest P/E ratio of Electrotherm India as of 18-Apr-2024 16:01 is 3.74.

What is the P/B ratio of Electrotherm India?

The latest P/B ratio of Electrotherm India as of 18-Apr-2024 16:01 is -1.06.

What is the 52-week high and low of Electrotherm India?

The 52-week high of Electrotherm India is ₹686.5 and the 52-week low is ₹60.05.

What is the TTM revenue of Electrotherm India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Electrotherm India is ₹4,087 ( Cr.) .

About Electrotherm (India) Ltd

Electrotherm (India) Limited, an ISO 9001:2015 certified, public limited company, was founded in 1983. It caters to steel and foundry industry, transformer manufacturing, steel making, ductile iron pipe making, manufacturing of battery operated vehicles, renewable energy, transmission line tower and education.

The company has been dedicated to developing the core sectors of the Indian economy through Greenfield and Brownfield investments. Controlling a number of world-class assets diversified across the core sectors.

Business area of the company

The company is engaged in the manufacturing of Induction Furnace, Casting Machines, Transformers, Sponge and Pig Iron, Ferrous and Non-Ferrous Billets/ bars/ Ingots, Duct Iron Pipes, Transmission Line Towers, Battery Operated Vehicles and Services relating to Steel Melting and Other Capital equipment.

Businesses

Engineering & Technologies
Steel & Pipes
Electric Vehicles
Renewables
Transformer
Transmission Line Tower

Milestones

1983: Electrotherm was founded in the year 1983.
1984: Developed country’s first 3 ton medium frequency induction furnace for steel making.
1995: Developed various furnaces ranging from 3 - 15 ton capacity.
1996: Developed DC arc furnace.
1997: Developed 12 pulse furnace.
1999: Developed 20 ton capacity furnace.
2000: Developed induction based heating equipment.
2001: Developed metal refining konvertors (AOD).
2002: Executed first turnkey projects.
2004: Developed 25 ton capacity furnace.
2005: Founded Electrotherm steel division.
2005: Founded Electrotherm Ductile iron pipes division.
2006: Developed 24 pulse furnace.
2006: Founded Electrotherm electric vehicles division - YoBykes.
2007: Developed 16.5 MVA submerged Arc furnace.
2008: Developed 30 ton capacity furnace.
2008: Founded Electrotherm solar division.
2009: Developed 30 ton capacity furnace.
2009: Developed Electrotherm Refining Furnace (LRF).
2010: Founded Electrotherm transformer division.
2010: Founded Electrotherm transmission line tower division.
2010: Developed coal-based direct reduction iron making plant through rotary kiln (SL/RN Process).
2011: Executed first coal based DRI trunkey project.
2012: Developed 50 ton capacity furnace, Modular caster (Casting Applications), ET-Grab.
2013: Developed bullet caster (Casting Applications), IGBT based furnace system.
2014: Developed Air pollution control equipment system.
2016: Epoxy TMT Bars, Cut & Bend products.
2016: Developed digital technology for all steel melting and foundry applications.
2017: Developed several productivity improving equipment - scrap feeder, poker etc.
2019: Refined Steel TMT bars from LRF technology.
2019: Developed 60 ton and 80 ton capacity furnace.