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BSE: 523732 | NSE: WESTERNBIO | Wood & Wood Products | Small Cap
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 Overvalued 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| 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 | -1.8 | NA | -2.2 | NA | NA | 0.6 | -0.5 | -0.8 | -1.5 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 28.1 | 16.9 | 22.1 | 16.3 | 8.8 | 20.4 | 12 | 15 | 34.7 | 38.6 | 25 | ||
| YoY Gr. Rt. % | - | -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 | -4.1 | 4.2 | 0.6 | -0 | -2.7 | -4.6 | ||
| YoY Gr. Rt. % | - | NA | NA | NA | NA | NA | NA | -84.8% | -103.2% | NA | - | ||
| BVPS (₹) ⓘ | 14.4 | 5.2 | -3.1 | 5.4 | -2.4 | -6.4 | 2.1 | 8.5 | 9.6 | 7.9 | 6.1 | ||
| Adj Net Profit ⓘ | -9.1 | -8.4 | -14.9 | -10.4 | -13.9 | -7.2 | 7.4 | 1.1 | 0 | -4.8 | -8 | ||
| Cash Flow from Ops. ⓘ | 4 | 1.2 | -0.2 | 1 | 0.9 | 0.4 | -6.8 | -2.4 | -6.2 | 2.5 | - | ||
| Debt/CF from Ops. ⓘ | 7.2 | 27.5 | -160 | 41.9 | 49.1 | 125.5 | -5.9 | -12.6 | -3.9 | 9.9 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 3.6% | 34.3% | 47.5% | 11.2% | ||||||||
| Adj EPS ⓘ | NA | NA | -186.8% | NA | ||||||||
| BVPSⓘ | -6.4% | NA | 56.6% | -17.8% | ||||||||
| Share Price | 26.5% | 62.6% | 114.5% | -51.2% | ||||||||
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 % ⓘ | -30.1 | -47.8 | -805.6 | -529.4 | -520.6 | 92.5 | -190.9 | 11.9 | -0.2 | -25.7 | -65.3 | |
| Op. Profit Mgn % ⓘ | -5.8 | -18.7 | -26.9 | -30.2 | -72.7 | -17.4 | -43.7 | -7.8 | 3.3 | -10.2 | -32.6 | |
| Net Profit Mgn % ⓘ | -32.3 | -49.3 | -67.6 | -63.9 | -156.8 | -35.5 | 61.5 | 7.5 | -0.1 | -12.5 | -33 | |
| Debt to Equity ⓘ | 1.1 | 3.5 | -7 | 4.4 | -10.6 | -4.2 | 11 | 2 | 1.4 | 1.8 | - | |
| Working Cap Days ⓘ | 540 | 738 | 471 | 521 | 876 | 412 | 910 | 987 | 408 | 285 | 0 | |
| Cash Conv. Cycle ⓘ | 384 | 501 | 322 | 330 | 542 | 152 | 215 | 312 | 187 | 174 | 0 | |
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 -24.53%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -4.6 | - |
| TTM Sales (₹ Cr.) | 24.7 | - |
| BVPS (₹.) ⓘ | 6.1 | - |
| Reserves (₹ Cr.) ⓘ | -7 | - |
| P/BV ⓘ | 4.42 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 16.25 / 62.00 |
| All Time Low / High (₹) | 0.65 / 135.00 |
| Market Cap (₹ Cr.) | 48.2 |
| Equity (₹ Cr.) | 17.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 32.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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:
Different divisions of the company are:
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.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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