The 5-year analysis of Electrotherm (India) Ltd's performance infers:
We analysed the performance of Electrotherm (India) Ltd share prices over the last 10 years. Here is what we found out:
Electrotherm India incorporated in 1986, is engaged in manufacturing of steel, electric vehicle and providing engineering services.
The company also operates research and development division which focuses on enhancing its function, develop and upgrade its equipments EIL has received ISO 9001:2000 certification for its quality management.
Electrotherm has exported its products to over 30 countries namely Bangladesh, Congo, Ethiopia, Ghana, Greece, Iran, Iraq, Kenya, Malaysia, Mauritius,
Electrotherm has exported its products to over 30 countries namely Bangladesh, Congo, Ethiopia, Ghana, Greece, Iran, Iraq, Kenya, Malaysia, Mauritius, Myanmar, Nigeria, Nepal, Pakistan, Senegal, Sri Lanka, Saudi Arabia, South Africa, Sudan, Surinam, Syria, Tanzania, Turkey, UAE, Uganda, Yemen, Zimbabwe etc.
Business divisionEngineering- Companyâ€™s engineering plant is spread over on an area of 90,000 square meters at Palodia, Ahmedabad. It manufactures induction furnaces, ladle refining furnaces, metal refining converters, induction heating and hardening equipments, continuous induction furnace and other specialized plant and machinery as well as HYL gas-based DRI plants
Stainless Steel- The company has set up Rs.440-Crore Steel Plant at Samakhiyali, Kutch that comprised of Induction Furnaces, Ladle Refining Furnaces and Continuous Casters and two Sponge Iron Kilns and a 30 MW power plant. Under this division the company manufactures Alloy Steel, Stainless Steel and TMT bars.
Electric Vehicles- The company manufactures electric vehicles and markets it under the brand name Yo-bykes.
1983- The company received its first order of 350 KW/ 500 KG.
1984- The company designed and developed Indiaâ€™s first indigenous solid state generator of 1200 KV.
1989- The company entered global market by receiving orders from Ethiopia and Bangladesh.
1992- Electrotherm developed and commissioned Indiaâ€™s first integrated stainless steel manufacturing line incorporating MF Induction Melting Furnace, Metal Refining Konverter and DC Ladle Refining Furnace at Viraj Alloys
1995- The company developed and commissioned a 12MT MF Induction Melting Furnace, 15 MT Metal Refining Konverter and 18 MT Twin Electrode DC Ladle Refining Furnace at Stainless India Jodhpur, a project of Mukand.
Electrotherm developed and commissioned M.F. Induction Melting Furnace of the country at Shah Alloys (7500KW /15 MT).
1996- The company developed and commissioned Indiaâ€™s first indigenous DC Arc Furnace of 22 MT.
1997- The company supplied large MF Induction Melting Furnaces with DC Ladle Refining Furnace for the worldâ€™s largest billet manufacturing facility through the route of Induction Melting Furnace at Vishwas Steels, Goa.
1999- Company developed and started Bent Bent Rail Hardening System at Digvijay Steel Industries, Batala.
Company developed and commissioned M.F. Induction Melting Furnace of 20 MT at Shah Alloys.
2001- Company developed and started a 50MT Metal Refining Konverter at Shah Alloys, Ahmedabad.
2004- Company developed and started M.F. Induction Melting Furnace of 25 MT at Bhagyalaxmi Steels, Aurangabad.
Electrotherm launched another battery operated two-wheeler, the Yoelectron. This bike is a battery-operated zero-pollution vehicle that can run up to 75 km per charge. The two variants of the new model cost Rs.28,500 and Rs.29,000, depending on the colour scheme.