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Ecoboard Industries Ltd. Stock Analysis

Small Cap
Evaluated by 56 users | BSE: 523732 | NSE: WESTERNBIO |
Wood & Wood Products
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...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -7.1%-4.26%-0.47%-6.34%-10.11%-10.52%-29.62%-17.38%-20.44%-11.69%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 48.24332.837.328.116.922.116.38.820.4
Y-o-Y Gr. Rt.--10.9%-23.7%13.9%-24.7%-39.7%30.2%-25.9%-46%130.8%
Adjusted EPS (Rs.) -4.08-3.08-1.6-3.87-5.08-4.69-8.37-5.85-7.77-4.47
Y-o-Y Gr. Rt.-NANANANANANANANANA
Book Value per Share (Rs.) 26.7124.4723.319.4214.395.22-3.145.35-2.37-6.4
Adjusted Net Profit -7.3-5.5-2.9-6.9-9.1-8.4-14.9-10.4-13.9-8
Net Op. Cash Flow (Rs. Cr.) -2.67.8-3.71.241.2-0.210.90.3
Debt to Cash Flow from Ops -11.292.61-6.723.757.2427.49-160.0341.9249.08149.87
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.
Ecoboard Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -9.1%-6.2%-2.6%130.8%
Adjusted EPS NANANANA
Book Value per Share -185.3-18500
Share Price -2.5% -4.9% -5.7% 75.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -14.52-12-6.71-18.14-30.06-47.8-805.6-529.41-520.62101.99
Operating Profit Margin (%) -3.992.786.931.84-5.81-18.73-26.94-30.24-72.68-17.44
Net Profit Margin (%) -15.1-12.77-8.72-18.52-32.27-49.34-67.64-63.88-156.78-39.13
Debt to Equity 0.60.470.60.811.113.51-6.964.41-10.55-4.19
Working Capital Days 311330437427540738471521876412
Cash Conversion Cycle 223227282289384501322330542152
Entity Percentage Holding
Promoters 62.29%
Institutions 0.05%
Non-Institutions 37.66%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Ecoboard Industries Ltd.'s performance infers:

Ecoboard Industries Ltd. earnings have grown by 0%, whereas share price has depreciated -4.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ecoboard Industries Ltd. share prices over the last 10 years. Here is what we found out:

Ecoboard Industries Ltd. share price has depreciated -8% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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