Electrotherm (India) Ltd - Stock Valuation and Financial Performance

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

Electrotherm India Share Price

680.55 -13.85 -1.99%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Electrotherm India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Electrotherm (India) stock performance -

mw4me loader
P/E Ratio (SA):
2.71
Market Cap:
867.2 Cr.
52-wk low:
78
52-wk high:
850

Is Electrotherm (India) Ltd an attractive stock to invest in?

1. Is Electrotherm (India) Ltd a good quality company?

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

2. Is Electrotherm (India) Ltd 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 Overvalued zone.

3. Is Electrotherm (India) Ltd a good buy now?

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

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

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.
Electrotherm (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -11.1%-19%-7.8%-3.8%1%11.5%1.6%8.2%-2%-0.7%-
Value Creation
Index
NANANANA-0.9-0.2-0.9-0.4NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3201,8291,8621,9702,7353,4622,8362,5272,8303,0744,272
Sales YoY Gr.-38.6%1.8%5.8%38.8%26.6%-18.1%-10.9%12%8.6%-
Adj EPS -526.1-384-134.6-54.810107.55.951.7-42.5-41.7250.7
YoY Gr.-NANANANA973.6%-94.5%780.1%-182.3%NA-
BVPS (₹) -1,020.6-920.8-1,111.4-998.6-989.4-879.9-762.5-711.8-754.1-815.9-565
Adj Net
Profit
-604-441-154-69.812.81377.565.8-54.2-53.1319
Cash Flow from Ops. 43.972.130.564.4155336177225179106-
Debt/CF from Ops. 141.642.599.245.917.77.512.59.511.117.8-

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
BVPSNANANANA
Share Price 37.7% 26.4% 61.6% 740.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
73.355.613.95.6-1-11.5-0.7-75.85.3-36.3
Op. Profit
Mgn %
-34.1-160.73.95.78.34.79.13.44.49.8
Net Profit
Mgn %
-45.8-24.1-8.3-3.50.540.32.6-1.9-1.77.5
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
72919915616313711413815013011645
Cash Conv.
Cycle
4081026556464153524740-31

Recent Performance Summary

Sales growth is good in last 4 quarters at 42.97%

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 (₹) 250.7 249
TTM Sales (₹ Cr.) 4,272 4,272
BVPS (₹.) -565 -611.3
Reserves (₹ Cr.) -733 -792
P/BV -1.20 -1.11
PE 2.71 2.73
From the Market
52 Week Low / High (₹) 78.00 / 850.00
All Time Low / High (₹) 2.45 / 850.00
Market Cap (₹ Cr.) 867
Equity (₹ Cr.) 12.7
Face Value (₹) 10
Industry PE 30.4

Management X-Ray of Electrotherm India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.527.587.587.587.587.587.587.587.587.58
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Electrotherm India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6601,8291,8621,9702,7353,4622,8362,5272,8303,074
Operating Expenses 8852,1221,9411,8942,5803,1762,7032,3012,7352,940
Manufacturing Costs116299301377321400373316344344
Material Costs6931,5261,2851,2661,9452,4291,9771,6912,0812,295
Employee Cost 3788103120137157147130134145
Other Costs 38209252130177190207164176155
Operating Profit -225-293-797615528613322695135
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 3671163126447
Interest 294653819504566
Depreciation 691461431441451381301178647
Exceptional Items -2800-1400360-22-105
Profit Before Tax -321-441-218-77111414563-54-77
Tax 0-100000000
Profit After Tax -321-441-218-77111414563-54-77
PAT Margin (%) -48.7%-24.1%-11.7%-3.9%0.4%4.1%1.6%2.5%-1.9%-2.5%
Adjusted EPS (₹)-279.0-383.0-190.0-60.38.8110.535.349.7-42.6-60.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -573-1,013-1,203-1,272-1,260-1,121-971-907-961-1,039
Share Capital 23235213131313131313
Reserves -597-1,037-1,255-1,285-1,273-1,134-984-920-973-1,052
Minority Interest0000000000
Debt3,1083,0631,9501,9961,7821,5271,2571,006377259
Long Term Debt01,2211,6821,7791,5711,4051,243992362245
Short Term Debt3,1081,84226821621212215151515
Trade Payables190188231332421435431387385375
Others Liabilities 1251221,1751,1011,1481,2691,2021,4111,9652,114
Total Liabilities 2,8492,3612,1532,1572,0912,1111,9181,8971,7651,709

Fixed Assets

Gross Block2,1332,1422,1571,1701,2281,2891,3191,3511,3981,424
Accumulated Depreciation7198641,007144289427554671757804
Net Fixed Assets1,4141,2771,1501,026939862764680641620
CWIP 10101120162727273326
Investments 1271274946464646464610
Inventories418274241333427526477495542566
Trade Receivables406344309343390357338293176197
Cash Equivalents 31476833485946977172
Others Assets442281325357225233219258256217
Total Assets 2,8492,3612,1532,1572,0912,1111,9181,8971,7651,709

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 22723164155336177225179106
PBT -321-441-218-77111414563-54-77
Adjustment 7029230415718314298163150214
Changes in Working Capital 273223-55-16-395434-285-29
Tax Paid 0-1-1-1-1-1-10-2-2
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 00107014-252412
Others 1331453323
Cash Flow From Financing Activity -17-50-26-50-103-253-184-104-189-102
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-46-98-226-161-65-148-100
Interest Paid -2-6-1-4-5-27-22-37-41-1
Dividend Paid 0000000000
Others -15-44-25000-2-2-1-1
Net Cash Flow 316-8-161316-1459-242
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.230.750.890.971.311.651.411.321.551.77
PAT to CFO Conversion(x)N/AN/AN/AN/A14.092.383.933.57N/AN/A
Working Capital Days
Receivable Days206706057483945463022
Inventory Days278654750505065706766
Payable Days102456081716480886760

Electrotherm (India) Ltd Stock News

Electrotherm (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Electrotherm India on 12-Jul-2024 16:01 is ₹680.5.
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 12-Jul-2024 16:01 the market cap of Electrotherm India stood at ₹867.2.
The latest P/E ratio of Electrotherm India as of 12-Jul-2024 16:01 is 2.71.
The latest P/B ratio of Electrotherm India as of 12-Jul-2024 16:01 is -1.20.
The 52-week high of Electrotherm India is ₹850.0 and the 52-week low is ₹78.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Electrotherm India is ₹4,272 ( 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.
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