Electrotherm (India) Ltd Stock Analysis

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

BSE Share Price 29-Sep-2023 18:02
116.15 -2.35 (-1.98%)

DeciZen - Make an Informed Decision on Electrotherm India

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation


3. Price Trend

Semi Strong

Electrotherm India Price Chart

P/E Ratio (SA):
Market Cap:
148 Cr.
52-wk low:
52-wk high:
Bole Toh?

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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Electrotherm (India) Ltd is likely to Rise-somewhat 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

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 1,3201,8291,8621,9702,7353,4622,8362,5272,8303,0743,327
YoY Gr. Rt. %-38.6%1.8%5.8%38.8%26.6%-18.1%-10.9%12%8.6%-
Adj EPS -526.1-384-134.6-54.810107.55.951.7-42.5-41.74.3
YoY Gr. Rt. %-NANANANA973.6%-94.5%780.1%-182.3%NA-
BVPS (₹) -1,020.6-920.8-1,111.4-998.6-989.4-879.9-762.5-711.8-754.1-815.9-784.9
Adj Net Profit -604-441-154-69.812.81377.565.8-54.2-53.16
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 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
Share Price 24% -5.4% 4.5% 44.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 73.355.613.95.6-1-11.5-0.7-75.85.3-0.5
Op. Profit Mgn % -34.1-
Net Profit Mgn % -45.8-24.1-8.3-3.50.540.32.6-1.9-1.70.2
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 7291991561631371141381501301160
Cash Conv. Cycle 40810265564641535247400

Recent Performance Summary

Sales growth is good in last 4 quarters at 21.85%

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 (₹) 4.3 56.2
TTM Sales (₹ Cr.) 3,327 3,327
BVPS (₹.) -784.9 -829.9
Reserves (₹ Cr.) -1,013 -1,070
P/BV -0.15 -0.14
PE 26.81 2.07
From the Market
52 Week Low / High (₹) 48.00 / 153.00
All Time Low / High (₹) 2.45 / 644.40
Market Cap (₹ Cr.) 148
Equity (₹ Cr.) 12.7
Face Value (₹) 10
Industry PE 20.6

Management X-Ray of Electrotherm India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.527.527.527.527.527.587.587.587.587.58
* 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 (%)


Electrotherm (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Electrotherm India on 29-Sep-2023 18:02 is : 116.2.
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 29-Sep-2023 18:02 the market cap of Electrotherm India stood at ₹ 148.0.
The latest PE ratio of Electrotherm India as of 29-Sep-2023 18:02 is 26.81.
The latest PB ratio of Electrotherm India as of 29-Sep-2023 18:02 is -0.15
The 52-week high of Electrotherm India is ₹ 153.0 and the 52-week low is ₹ 48.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Electrotherm India is ₹ 3,327 ( 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.


  • Engineering & Technologies
  • Steel & Pipes
  • Electric Vehicles
  • Renewables
  • Transformer
  • Transmission Line Tower


  • 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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