Electrotherm(I)

Why is Electrotherm (India) Ltd falling/rising?

As of 02-Sep, the stock price of Electrotherm (India) Ltd is at 999.65, down 0.11%. Recent declines in stock performance and reduced investor participation are contributing to this downturn, despite strong year-to-date gains.

As of 02-Sep, the stock price of Electrotherm (India) Ltd is currently at 999.65, reflecting a decrease of 1.15 points or 0.11%. This decline can be attributed to several factors. Over the past week, the stock has experienced a drop of 2.91%, which is more significant than the benchmark Sensex's decline of 1.17%. Additionally, the stock has shown a negative performance over the past month, with a decrease of 0.59%, while the Sensex fell by 1.95%.<BR><BR>Despite a strong year-to-date performance, where the stock has risen by 13.65% compared to the Sensex's drop of 10.15%, the recent trend indicates a downturn. The stock's performance today has outperformed its sector by 0.63%, but it is important to note that it is currently below the 5-day, 20-day, and 50-day moving averages, which suggests a short-term weakness.<BR><BR>Moreover, there has been a noticeable decline in investor participation, with delivery volume falling by 15.95% compared to the 5-day average. This reduction in trading activity may contribute to the downward pressure on the stock price. Overall, while the stock has shown impressive long-term gains, the recent short-term performance and declining investor interest are key factors contributing to its current price drop.

Which are the latest news on Electrotherm(I)?

Who are in the management team of Electrotherm(I)?

The management team of Electrotherm(I) includes Shailesh Bhandari (Managing Director), Dinesh Shankar Mukati (Chairman & Independent Director), Pratap Mohan, Nivedita Sarda (both Non-Executive & Independent Directors), Suraj Shailesh Bhandari (Whole-time Director), Mukesh Bhandari (Non-Executive & Non-Independent Director), and Jigar Shah (Company Secretary & Compliance Officer).

The management team of Electrotherm(I) includes the following individuals:<BR><BR>1. **Shailesh Bhandari** - Managing Director<BR>2. **Dinesh Shankar Mukati** - Chairman & Independent Director<BR>3. **Pratap Mohan** - Non-Executive & Independent Director<BR>4. **Nivedita Sarda** - Non-Executive & Independent Director<BR>5. **Suraj Shailesh Bhandari** - Whole-time Director<BR>6. **Mukesh Bhandari** - Non-Executive & Non-Independent Director<BR>7. **Jigar Shah** - Company Secretary & Compliance Officer<BR><BR>If you have any more questions about the company or its management, feel free to ask!

What does Electrotherm(I) do?

Electrotherm (India) Ltd is a micro-cap engineering company specializing in steel melting equipment and battery-operated electric vehicles, primarily serving the Iron & Steel Products industry. As of June 2026, it reported net sales of 913 Cr and a net profit of 7 Cr, with a market cap of INR 1,280 Cr.

Overview:<BR>Electrotherm (India) Ltd is a leading engineering company in the Iron & Steel Products industry, categorized as a Micro Cap, known for providing steel melting equipment and battery-operated electric vehicles.<BR><BR>History:<BR>Electrotherm (India) Ltd was incorporated in an unspecified year and has established itself in the steel sector, particularly for TMT Bar and DI Pipe industries in India. The latest quarterly results reported are for June 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 913 Cr (Quarterly Results - Jun 2026) <BR>Most recent Net Profit: 7 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 1,280 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 41 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -6.32 <BR>Return on Equity: 13.01% <BR>Price to Book: -8.55 <BR><BR>Contact Details:<BR>Address: A-1 Skylark Apartment, Satellite Road Satellite Ahmedabad Gujarat : 380015 <BR>Phone: 91-79-26768844 <BR>Email: sec@electrotherm.com <BR>Website: http://www.electrotherm.com

Who are the peers of the Electrotherm(I)?

Electrotherm(I)'s peers include Hi-Tech Pipes, Aeroflex Enter., Rhetan TMT Ltd, and others. Aeroflex Enter. shows excellent management and growth, while Electrotherm(I) has a 1-year return of 16.40%, higher than Rhetan TMT Ltd's 6.86% but lower than Aeroflex Enter.'s 58.66%.

Peers: The peers of Electrotherm(I) are Hi-Tech Pipes, Aeroflex Enter., Rhetan TMT Ltd, Steel Exchange, Manaksia Coated, Bharat Wire, Cosmic CRF, Mangalam World., and Gandhi Spl. Tube.<BR><BR>Quality Snapshot: Excellent management risk is observed at Aeroflex Enter., while Good management risk is found at Hi-Tech Pipes, and Average management risk is seen at Manaksia Coated, Gandhi Spl. Tube, and the rest. Good growth is noted at Aeroflex Enter. and Bharat Wire, while Average growth is present at Hi-Tech Pipes and Manaksia Coated, and Below Average growth is seen at Rhetan TMT Ltd, Steel Exchange, and the rest. Excellent capital structure is attributed to Aeroflex Enter. and Cosmic CRF, while Good capital structure is found at Bharat Wire, Average capital structure is seen at Hi-Tech Pipes, Manaksia Coated, and the rest, and Below Average capital structure is noted at Rhetan TMT Ltd, Steel Exchange, and the rest.<BR><BR>Return Snapshot: Aeroflex Enter. has the highest 1-year return at 58.66%, while Rhetan TMT Ltd has the lowest at 6.86%. Electrotherm(I) has a 1-year return of 16.40%, which is higher than Rhetan TMT Ltd but lower than Aeroflex Enter. Additionally, peers such as Rhetan TMT Ltd and Steel Exchange have negative six-month returns.

How big is Electrotherm(I)?

As of 31st August, Electrotherm (India) Ltd has a market capitalization of 1,280.00 Cr and reported Net Sales of 3,771.42 Cr, but incurred a Net Profit loss of 36.48 Cr. Shareholder's Funds were at a loss of 158.78 Cr, with Total Assets valued at 1,886.15 Cr.

As of 31st August, Electrotherm (India) Ltd has a market capitalization of 1,280.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 3,771.42 Cr. However, it experienced a loss of 36.48 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025. Shareholder's Funds stood at a loss of 158.78 Cr, while Total Assets were valued at 1,886.15 Cr.

Should I buy, sell or hold Electrotherm (India) Ltd?

When is the next results date for Electrotherm (India) Ltd?

The next results date for Electrotherm (India) Ltd is 14 August 2026.

The next results date for Electrotherm (India) Ltd is scheduled for 14 August 2026.

Are Electrotherm (India) Ltd latest results good or bad?

Electrotherm (India) Ltd's latest Q4 FY26 results are concerning, showing a 92.65% decline in net profit to ₹13.63 crore and a drop in operating margin from 5.55% to 2.15%, indicating significant operational challenges and deteriorating profitability.

Electrotherm (India) Ltd's latest results for Q4 FY26 reflect a concerning performance. The company reported a net profit of ₹13.63 crore, which represents a staggering decline of 92.65% year-on-year. Revenue also saw a slight decrease of 1.82% compared to the same quarter last year, totaling ₹1,139.99 crore. <BR><BR>The operating margin has significantly eroded, dropping to 2.15% from 5.55% in the previous year, indicating rising cost pressures that have not been offset by revenue growth. The profit after tax margin also fell dramatically from 15.97% to just 1.19%. <BR><BR>Overall, these results suggest that Electrotherm is facing substantial operational challenges, with deteriorating profitability and margins that raise serious questions about its financial health and sustainability. The company has shown some sequential revenue recovery, but the sharp decline in profit and margins indicates deeper issues that need to be addressed.

Is Electrotherm(I) technically bullish or bearish?

As of December 4, 2025, the technical trend is mildly bearish, indicated by bearish signals from the weekly MACD, Bollinger Bands, and OBV, despite some mixed signals from the KST and daily moving averages.

As of 4 December 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the weekly MACD and Bollinger Bands both indicating bearish conditions. The monthly MACD is mildly bearish as well, while the KST shows mixed signals with weekly bullishness but monthly bearishness. The daily moving averages are mildly bullish, but this is overshadowed by the overall bearish indicators. The OBV is also mildly bearish on both weekly and monthly time frames. Overall, the strength of the bearish stance is supported by the recent price action, with a significant decline over the past month and year compared to the Sensex.

How has been the historical performance of Electrotherm(I)?

Electrotherm(I) has shown a recovery in financial performance, with net sales at 4,115.37 Cr in March 2025, despite a decline from the previous year. Key metrics like profit before tax (409.76 Cr) and earnings per share (347.06) have improved significantly, although the company still faces challenges with high liabilities and negative shareholder funds.

Answer:<BR>The historical performance of Electrotherm(I) shows a fluctuating trend in net sales, with the latest figure for March 2025 at 4,115.37 Cr, down from 4,271.50 Cr in March 2024 but significantly higher than 3,074.05 Cr in March 2023. The total operating income followed a similar pattern, peaking in March 2024 before declining in March 2025. The operating profit (PBDIT) for March 2025 was 379.80 Cr, a decrease from 424.14 Cr in the previous year, yet a notable increase from 141.00 Cr in March 2023. Profit before tax improved to 409.76 Cr in March 2025 from 317.30 Cr in March 2024, while profit after tax reached 441.90 Cr, reflecting a strong recovery from the losses recorded in the previous two years. The earnings per share (EPS) also saw a significant rise to 347.06 in March 2025, compared to 249.08 in March 2024 and negative figures in the prior years. <BR><BR>Breakdown:<BR>Electrotherm(I) has demonstrated a recovery in its financial performance over the past few years, particularly in 2025, with net sales reaching 4,115.37 Cr, although this is a decline from the previous year. The operating profit margin, while slightly reduced to 9.03%, still indicates a healthy operational efficiency compared to the lower margins in earlier years. The company has turned around its profitability, achieving a profit before tax of 409.76 Cr and a profit after tax of 441.90 Cr, marking a significant improvement from the losses experienced in 2023 and 2022. The EPS has rebounded strongly, indicating enhanced shareholder value. Despite these positive trends, the company still faces challenges with total liabilities of 1,886.15 Cr and negative shareholder's funds, which highlight ongoing financial pressures. The cash flow from operating activities remains positive, although the net cash outflow indicates a need for careful cash management moving forward.

How has been the historical performance of Electrotherm(I)?

Electrotherm(I) has shown fluctuating financial performance, with net sales decreasing to 4,115.37 Cr in March 2025 from 4,271.50 Cr in March 2024, while profit after tax rose to 441.90 Cr from 317.30 Cr. Overall, the company reflects a recovery in profitability despite variations in sales and cash flow.

Answer:<BR>The historical performance of Electrotherm(I) shows a fluctuating trend in key financial metrics over the past several years.<BR><BR>Breakdown:<BR>Electrotherm(I) experienced net sales of 4,115.37 Cr in March 2025, a decrease from 4,271.50 Cr in March 2024, but an increase from 3,074.05 Cr in March 2023. The total operating income followed a similar pattern, reaching 4,115.37 Cr in March 2025, down from 4,271.50 Cr the previous year. The company's total expenditure, excluding depreciation, was 3,743.86 Cr in March 2025, slightly lower than 3,852.01 Cr in March 2024. Operating profit (PBDIT) was 379.80 Cr in March 2025, down from 424.14 Cr in March 2024, but significantly higher than 141.00 Cr in March 2023. Profit before tax improved to 409.76 Cr in March 2025 from 317.30 Cr in March 2024, while profit after tax also rose to 441.90 Cr from 317.30 Cr. The consolidated net profit for March 2025 was 442.15 Cr, up from 317.33 Cr in March 2024, contrasting with a loss of 11.82 Cr in March 2023. The company’s total liabilities increased to 1,886.15 Cr in March 2025 from 1,841.28 Cr in March 2024, while total assets rose to 1,886.15 Cr from 1,841.28 Cr. Cash flow from operating activities was 328.00 Cr in March 2025, down from 351.00 Cr in March 2024, leading to a net cash outflow of 46.00 Cr in March 2025. Overall, the financial performance of Electrotherm(I) reflects a recovery in profitability despite fluctuations in sales and cash flow.

Who are the top shareholders of the Electrotherm(I)?

The top shareholders of Electrotherm(I) include Western India Speciality Hospital Limited (7.65%), Castleshine Pte Limited (7.85%), and individual investors (29.78%). Additionally, there are small holdings from mutual funds (0.08%) and foreign institutional investors (4.55%), with a pledged promoter holding of 7.8725%.

The top shareholders of Electrotherm(I) include a mix of individual and institutional investors. The largest promoter is Western India Speciality Hospital Limited, holding 7.65%. The highest public shareholder is Castleshine Pte Limited, with a stake of 7.85%. Additionally, individual investors collectively hold 29.78% of the shares. <BR><BR>In terms of institutional holdings, there are two mutual fund schemes that hold a small percentage (0.08%), and four foreign institutional investors (FIIs) collectively hold 4.55%. It's also worth noting that there is a pledged promoter holding of 7.8725%.

Is Electrotherm(I) overvalued or undervalued?

As of April 25, 2023, Electrotherm(I) is considered risky but undervalued with a low PE ratio of 4.08 and strong ROCE of 30.99%, despite a negative Price to Book Value of -8.28, and while it has underperformed year-to-date compared to the Sensex, its long-term performance shows a remarkable 3-year return of 938.45%.

As of 25 April 2023, the valuation grade for Electrotherm(I) has moved from does not qualify to risky. The company is currently considered undervalued based on its financial ratios. The PE ratio stands at 4.08, while the EV to EBITDA is 6.81, and the ROCE is a strong 30.99%. However, the Price to Book Value is notably negative at -8.28, indicating potential issues with asset valuation.<BR><BR>In comparison to peers, Electrotherm(I) has a significantly lower PE ratio than Thermax and BEML Ltd, which are both classified as very expensive with PE ratios of 66.31 and 62.34, respectively. This stark contrast suggests that Electrotherm(I) may be undervalued relative to its peers in the iron and steel products industry. Despite a recent decline in stock performance compared to the Sensex, with a year-to-date return of -16.09% against the Sensex's 5.62%, the long-term performance remains strong, with a 3-year return of 938.45%.

Has Electrotherm(I) declared dividend?

Electrotherm (India) Ltd has declared a 25% dividend, amounting to ₹2.5 per share, with an ex-date of September 16, 2010. Despite the dividend declaration, the dividend yield is 0%, and the company has shown significant price appreciation over various periods.

Electrotherm (India) Ltd has declared a 25% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 25%<BR>- Amount per share: 2.5<BR>- Ex-date: 16 Sep 10<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 months period, the price return was -17.85%, the dividend return was 0%, resulting in a total return of -17.85%.<BR><BR>In the 1 year period, the price return was 53.22%, the dividend return was 0%, resulting in a total return of 53.22%.<BR><BR>In the 2 years period, the price return was 972.33%, the dividend return was 0%, resulting in a total return of 972.33%.<BR><BR>In the 3 years period, the price return was 906.63%, the dividend return was 0%, resulting in a total return of 906.63%.<BR><BR>In the 4 years period, the price return was 686.23%, the dividend return was 0%, resulting in a total return of 686.23%.<BR><BR>In the 5 years period, the price return was 700.98%, the dividend return was 0%, resulting in a total return of 700.98%.<BR><BR>Overall, while Electrotherm (India) Ltd has declared a dividend, the dividend yield remains at 0%. The total returns over various periods indicate significant price appreciation, particularly over the longer term, despite the lack of dividend returns in those periods.