Electrotherm (India) Ltd - Stock Valuation and Financial Performance

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

Electrotherm India Share Price

1,310.40 62.40 5.00%
as on 09-Dec'24 16:59

DeciZen - make an informed investing decision on Electrotherm India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Electrotherm (India) stock performance -

mw4me loader
P/E Ratio (SA):
4.33
Market Cap:
1,590.3 Cr.
52-wk low:
230.5
52-wk high:
1,312.6

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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Electrotherm (India) Ltd is likely to Rise 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -19%-11.3%-4.1%1%12.5%4.9%9.2%-0.8%-1.1%42.1%-
Value Creation
Index
NANANA-0.9-0.1-0.7-0.3NANA2.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,8291,8621,9702,7353,4622,8362,5272,8303,0744,2724,228
Sales YoY Gr.-1.8%5.8%38.8%26.6%-18.1%-10.9%12%8.6%39%-
Adj EPS -384-134.6-54.810107.55.951.7-42.5-41.7250.3288.5
YoY Gr.-NANANA973.6%-94.5%780.1%-182.3%NANA-
BVPS (₹) -920.8-1,111.4-998.6-989.4-879.9-762.5-711.8-754.1-815.9-566.9-445.1
Adj Net
Profit
-441-154-69.812.81377.565.8-54.2-53.1319368
Cash Flow from Ops. 72.130.564.4155336177225179106351-
Debt/CF from Ops. 42.599.245.917.77.512.59.511.117.84.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.9%4.3%19.1%39%
Adj EPS NA18.4%69.2%NA
BVPSNANANANA
Share Price 48.3% 60.3% 119.4% 434.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
55.613.95.6-1-11.5-0.7-75.85.3-36.2-57
Op. Profit
Mgn %
-160.73.95.78.34.79.13.44.49.810.8
Net Profit
Mgn %
-24.1-8.3-3.50.540.32.6-1.9-1.77.58.7
Debt to
Equity
-2.9-2.5-2.3-2.2-2.2-2.3-2.4-2.1-1.8-2.3-
Working Cap
Days
1991561631371141381501301168853
Cash Conv.
Cycle
102655646415352474030-26

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.13%

Net Profit is growing at healthy rate in last 3 years 69.20%

Sales growth is good in last 4 quarters at 24.78%

Return on Equity is Poor

Latest Financials - Electrotherm (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 288.5 297.8
TTM Sales (₹ Cr.) 4,228 4,228
BVPS (₹.) -445.1 -481
Reserves (₹ Cr.) -580 -626
P/BV -2.80 -2.59
PE 4.33 4.19
From the Market
52 Week Low / High (₹) 230.45 / 1312.55
All Time Low / High (₹) 2.45 / 1312.55
Market Cap (₹ Cr.) 1,590
Equity (₹ Cr.) 12.7
Face Value (₹) 10
Industry PE 23.4

Management X-Ray of Electrotherm India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.587.587.587.587.587.587.587.587.587.67
* 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,8291,8621,9702,7353,4622,8362,5272,8303,0744,272
Operating Expenses 2,1221,9411,8942,5803,1762,7032,3012,7352,9403,851
Manufacturing Costs299301377321400373316344344470
Material Costs1,5261,2851,2661,9452,4291,9771,6912,0812,2952,973
Employee Cost 88103120137157147130134145161
Other Costs 209252130177190207164176155247
Operating Profit -293-797615528613322695135420
Operating Profit Margin (%) -16.0%-4.2%3.9%5.7%8.3%4.7%9.0%3.4%4.4%9.8%
Other Income 6711631264474
Interest 9465381950456660
Depreciation 146143144145138130117864745
Exceptional Items 00-1400360-22-1050
Profit Before Tax -441-218-77111414563-54-77319
Tax -1000000000
Profit After Tax -441-218-77111414563-54-77319
PAT Margin (%) -24.1%-11.7%-3.9%0.4%4.1%1.6%2.5%-1.9%-2.5%7.5%
Adjusted EPS (₹)-383.0-190.0-60.38.8110.535.349.7-42.6-60.2250.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -1,013-1,203-1,272-1,260-1,121-971-907-961-1,039-722
Share Capital 23521313131313131313
Reserves -1,037-1,255-1,285-1,273-1,134-984-920-973-1,052-735
Minority Interest0000000000
Debt3,0631,9501,9961,7821,5271,2571,006377259621
Long Term Debt1,2211,6821,7791,5711,4051,243992362245607
Short Term Debt1,8422682162121221515151514
Trade Payables188231332421435431387385375426
Others Liabilities 1221,1751,1011,1481,2691,2021,4111,9652,1141,476
Total Liabilities 2,3612,1532,1572,0912,1111,9181,8971,7651,7091,801

Fixed Assets

Gross Block2,1422,1571,1701,2281,2891,3191,3511,3981,4241,445
Accumulated Depreciation8641,007144289427554671757804849
Net Fixed Assets1,2771,1501,026939862764680641620597
CWIP 10112016272727332644
Investments 127494646464646461010
Inventories274241333427526477495542566613
Trade Receivables344309343390357338293176197213
Cash Equivalents 47683348594697717262
Others Assets281325357225233219258256217262
Total Assets 2,3612,1532,1572,0912,1111,9181,8971,7651,7091,801

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 723164155336177225179106351
PBT -441-218-77111414563-54-77319
Adjustment 29230415718314298163150214112
Changes in Working Capital 223-55-16-395434-285-29-77
Tax Paid -1-1-1-1-1-10-2-2-3
Cash Flow From Investing Activity -6-12-30-38-67-6-63-14-2-68
Capex -9-16-31-50-72-23-41-40-18-68
Net Investments 0107014-252412-2
Others 3314533232
Cash Flow From Financing Activity -50-26-50-103-253-184-104-189-102-294
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-46-98-226-161-65-148-100-216
Interest Paid -6-1-4-5-27-22-37-41-1-78
Dividend Paid 0000000000
Others -44-25000-2-2-1-1-1
Net Cash Flow 16-8-161316-1459-242-11
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
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 Ratio0.750.890.971.311.651.411.321.551.772.43
PAT to CFO Conversion(x)N/AN/AN/A14.092.383.933.57N/AN/A1.1
Working Capital Days
Receivable Days70605748394546302218
Inventory Days65475050506570676650
Payable Days45608171648088676049

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 09-Dec-2024 16:59 is ₹1,310.4.
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 09-Dec-2024 16:59 the market cap of Electrotherm India stood at ₹1,590.3.
The latest P/E ratio of Electrotherm India as of 09-Dec-2024 16:59 is 4.33.
The latest P/B ratio of Electrotherm India as of 09-Dec-2024 16:59 is -2.80.
The 52-week high of Electrotherm India is ₹1,312.6 and the 52-week low is ₹230.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Electrotherm India is ₹4,228 ( 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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