Is Electrotherm (India) a good quality company?

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

Is Electrotherm (India) 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 .

What is Electrotherm (India) share price return in the past 10 years?

Electrotherm (India) Ltd share price has appreciated 50% annually (CAGR) over the past ten years.

Is Electrotherm (India) 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

Electrotherm (India) Ltd - Stock Valuation and Financial Performance

Name: Electrotherm (India)
Brand: Electrotherm (India)

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

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Electrotherm India Share Price

₹1,091.45 -57.40 -5.00%
as on 14-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-19%	-11.3%	-4.1%	1%	12.5%	4.9%	9.2%	-0.8%	-1.1%	42.1%	-
Value Creation Index ⓘ	NA	NA	NA	-0.9	-0.1	-0.7	-0.3	NA	NA	2.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,829	1,862	1,970	2,735	3,462	2,836	2,527	2,830	3,074	4,272	4,399
Sales YoY Gr.	-	1.8%	5.8%	38.8%	26.6%	-18.1%	-10.9%	12%	8.6%	39%	-
Adj EPS ⓘ	-384	-134.6	-54.8	10	107.5	5.9	51.7	-42.5	-41.7	250.3	305.3
YoY Gr.	-	NA	NA	NA	973.6%	-94.5%	780.1%	-182.3%	NA	NA	-
BVPS (₹) ⓘ	-920.8	-1,111.4	-998.6	-989.4	-879.9	-762.5	-711.8	-754.1	-815.9	-566.9	-481.4
Adj Net Profit ⓘ	-441	-154	-69.8	12.8	137	7.5	65.8	-54.2	-53.1	319	389
Cash Flow from Ops. ⓘ	72.1	30.5	64.4	155	336	177	225	179	106	351	-
Debt/CF from Ops. ⓘ	42.5	99.2	45.9	17.7	7.5	12.5	9.5	11.1	17.8	4.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.9%	4.3%	19.1%	39%
Adj EPS ⓘ	NA	18.4%	69.2%	NA
BVPSⓘ	NA	NA	NA	NA
Share Price	50%	50.6%	108.7%	618.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	55.6	13.9	5.6	-1	-11.5	-0.7	-7	5.8	5.3	-36.2	-58.3
Op. Profit Mgn % ⓘ	-16	0.7	3.9	5.7	8.3	4.7	9.1	3.4	4.4	9.8	10.9
Net Profit Mgn % ⓘ	-24.1	-8.3	-3.5	0.5	4	0.3	2.6	-1.9	-1.7	7.5	8.8
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 ⓘ	199	156	163	137	114	138	150	130	116	88	45
Cash Conv. Cycle ⓘ	102	65	56	46	41	53	52	47	40	30	-31

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 37.09%

Return on Equity is Poor

Latest Financials - Electrotherm (India) Ltd.

	Standalone	Consolidated
TTM EPS (₹)	305.3	304.1
TTM Sales (₹ Cr.)	4,399	4,399
BVPS (₹.) ⓘ	-481.4	-527.6
Reserves (₹ Cr.) ⓘ	-626	-685
P/BV ⓘ	-2.27	-2.07
PE ⓘ	3.58	3.59

From the Market
52 Week Low / High (₹)	146.15 / 1312.55
All Time Low / High (₹)	2.45 / 1312.55
Market Cap (₹ Cr.)	1,391
Equity (₹ Cr.)	12.7
Face Value (₹)	10
Industry PE ⓘ	21.7

Management X-Ray of Electrotherm India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

7.58

7.67

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

Valuation of Electrotherm India

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Price to Earnings

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Electrotherm India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,829	1,862	1,970	2,735	3,462	2,836	2,527	2,830	3,074	4,272
Operating Expenses ⓘ	2,122	1,941	1,894	2,580	3,176	2,703	2,301	2,735	2,940	3,851
Manufacturing Costs	299	301	377	321	400	373	316	344	344	470
Material Costs	1,526	1,285	1,266	1,945	2,429	1,977	1,691	2,081	2,295	2,973
Employee Cost	88	103	120	137	157	147	130	134	145	161
Other Costs ⓘ	209	252	130	177	190	207	164	176	155	247
Operating Profit ⓘ	-293	-79	76	155	286	133	226	95	135	420
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 ⓘ	6	7	11	6	31	26	4	4	7	4
Interest ⓘ	9	4	6	5	38	19	50	45	66	60
Depreciation ⓘ	146	143	144	145	138	130	117	86	47	45
Exceptional Items ⓘ	0	0	-14	0	0	36	0	-22	-105	0
Profit Before Tax ⓘ	-441	-218	-77	11	141	45	63	-54	-77	319
Tax ⓘ	-1	0	0	0	0	0	0	0	0	0
Profit After Tax	-441	-218	-77	11	141	45	63	-54	-77	319
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	-60.3	8.8	110.5	35.3	49.7	-42.6	-60.2	250.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	-1,013	-1,203	-1,272	-1,260	-1,121	-971	-907	-961	-1,039	-722
Share Capital ⓘ	23	52	13	13	13	13	13	13	13	13
Reserves ⓘ	-1,037	-1,255	-1,285	-1,273	-1,134	-984	-920	-973	-1,052	-735
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	3,063	1,950	1,996	1,782	1,527	1,257	1,006	377	259	621
Long Term Debt	1,221	1,682	1,779	1,571	1,405	1,243	992	362	245	607
Short Term Debt	1,842	268	216	212	122	15	15	15	15	14
Trade Payables	188	231	332	421	435	431	387	385	375	426
Others Liabilities ⓘ	122	1,175	1,101	1,148	1,269	1,202	1,411	1,965	2,114	1,476
Total Liabilities ⓘ	2,361	2,153	2,157	2,091	2,111	1,918	1,897	1,765	1,709	1,801
Fixed Assets
Gross Block	2,142	2,157	1,170	1,228	1,289	1,319	1,351	1,398	1,424	1,445
Accumulated Depreciation	864	1,007	144	289	427	554	671	757	804	849
Net Fixed Assetsⓘ	1,277	1,150	1,026	939	862	764	680	641	620	597
CWIP ⓘ	10	11	20	16	27	27	27	33	26	44
Investmentsⓘ	127	49	46	46	46	46	46	46	10	10
Inventories	274	241	333	427	526	477	495	542	566	613
Trade Receivables	344	309	343	390	357	338	293	176	197	213
Cash Equivalents	47	68	33	48	59	46	97	71	72	62
Others Assetsⓘ	281	325	357	225	233	219	258	256	217	262
Total Assets ⓘ	2,361	2,153	2,157	2,091	2,111	1,918	1,897	1,765	1,709	1,801

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	72	31	64	155	336	177	225	179	106	351
PBT ⓘ	-441	-218	-77	11	141	45	63	-54	-77	319
Adjustment ⓘ	292	304	157	183	142	98	163	150	214	112
Changes in Working Capital ⓘ	223	-55	-16	-39	54	34	-2	85	-29	-77
Tax Paid ⓘ	-1	-1	-1	-1	-1	-1	0	-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	0	1	0	7	0	14	-25	24	12	-2
Others ⓘ	3	3	1	4	5	3	3	2	3	2
Cash Flow From Financing Activityⓘ	-50	-26	-50	-103	-253	-184	-104	-189	-102	-294
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	-46	-98	-226	-161	-65	-148	-100	-216
Interest Paid ⓘ	-6	-1	-4	-5	-27	-22	-37	-41	-1	-78
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-44	-25	0	0	0	-2	-2	-1	-1	-1
Net Cash Flow ⓘ	16	-8	-16	13	16	-14	59	-24	2	-11

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.75	0.89	0.97	1.31	1.65	1.41	1.32	1.55	1.77	2.43
PAT to CFO Conversion(x)	N/A	N/A	N/A	14.09	2.38	3.93	3.57	N/A	N/A	1.1
Working Capital Days
Receivable Days	70	60	57	48	39	45	46	30	22	18
Inventory Days	65	47	50	50	50	65	70	67	66	50
Payable Days	45	60	81	71	64	80	88	67	60	49

Electrotherm (India) Ltd Stock News

Electrotherm (India) Ltd FAQs

What is the share price of Electrotherm India?

Company share prices are keep on changing according to the market conditions. The closing price of Electrotherm India on 14-Nov-2024 16:59 is ₹1,091.5.

What is the market cap of Electrotherm India?

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 14-Nov-2024 16:59 the market cap of Electrotherm India stood at ₹1,390.8.

What is the P/E ratio of Electrotherm India?

The latest P/E ratio of Electrotherm India as of 14-Nov-2024 16:59 is 3.58.

What is the P/B ratio of Electrotherm India?

The latest P/B ratio of Electrotherm India as of 14-Nov-2024 16:59 is -2.27.

What is the 52-week high and low of Electrotherm India?

The 52-week high of Electrotherm India is ₹1,312.6 and the 52-week low is ₹146.2.

What is the TTM revenue of Electrotherm India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Electrotherm India is ₹4,399 ( 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.