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Electrotherm (India) Ltd. Stock Analysis

Small Cap
Evaluated by 251 users | BSE: 526608 | NSE: ELECTHERM |
Steel & Iron Products
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Sep'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.88%-12.49%-6.16%-11.12%-18.96%-7.84%-3.75%1.03%11.46%1.4%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,2971,4971,0541,3201,8291,8621,9702,7353,4622,824
Y-o-Y Gr. Rt.--34.8%-29.6%25.2%38.6%1.8%5.8%38.8%26.6%-18.4%
Adjusted EPS (Rs.) 24.69-424.57-216.71-526.13-383.99-134.6-54.810.01107.475.87
Y-o-Y Gr. Rt.--1819.6%NANANANANANA973.6%-94.5%
Book Value per Share (Rs.) 595.37-20.05-228.5-1,020.56-920.84-1,111.39-998.62-989.37-879.92-762.5
Adjusted Net Profit 28.3-487-249-604-441-154-69.812.81377.5
Net Op. Cash Flow (Rs. Cr.) -368-15428.943.972.130.564.4155336173
Debt to Cash Flow from Ops -7.04-13.27108.12141.5842.4799.1845.8717.687.4512.75
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Electrotherm (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 2.3%9.1%12.8%-18.4%
Adjusted EPS -14.8%NANA-94.5%
Book Value per Share -202.8000
Share Price -3.3% 15.4% -15.1% -20%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Sep'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 3.95-198.55204.2273.3255.5613.945.64-1.01-11.5-0.71
Operating Profit Margin (%) 14.13-7.46-1.89-34.08-16.010.673.875.748.274.61
Net Profit Margin (%) 1.23-32.54-23.6-45.75-24.09-8.3-3.540.473.960.26
Debt to Equity 3.73-136-12.47-5.42-2.93-2.45-2.32-2.17-2.23-2.27
Working Capital Days 202248507729199156163137114139
Cash Conversion Cycle 1001642884081026556464154
Entity Percentage Holding
Promoters 31.31%
Institutions 5.03%
Non-Institutions 63.66%
Pledged *7.527.527.527.527.527.527.527.527.527.52
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Electrotherm (India) Ltd.'s performance infers:

Electrotherm (India) Ltd. earnings have grown by 0%, whereas share price has appreciated 15.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Electrotherm (India) Ltd. share prices over the last 10 years. Here is what we found out:

Electrotherm (India) Ltd. share price has appreciated -10% annually over the past ten years.

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 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, Myanmar, Nigeria, Nepal, Pakistan, Senegal, Sri Lanka, Saudi Arabia, South Africa, Sudan, Surinam, Syria, Tanzania, Turkey, UAE, Uganda, Yemen, Zimbabwe etc.

Business divisionEngineering- Company’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.

Milestones

1983- The company received its first order of 350 KW/ 500 KG.

1984- The company designed and developed India’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 India’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 India’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 world’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.

Outlook

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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