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Electrotherm (India)

ELECTHERM
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Electrotherm (India) Share price and Fundamental Analysis

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Electrotherm (India) Limited (EIL), a leading engineering company, known for providing best steel melting equipment globally. The Company has significant presence in steel sector for TMT Bar and DI Pipe industry in India. It is maiden manufacturer and one of the known brands in battery-operated electric vehicles. It executes EPC projects and supplies engineering equipment in more than 71 countries around the world.
Company Incorporation1986
ChairmanDinesh Shankar Mukati
Head QuartersAhmedabad
Previous NameNA

Key Metrics

Market Cap (Cr)
1,040.26
PE Ratio
4.31
Industry P/E
21.36
PEG Ratio
-0.11
ROE
-202.97%
ROCE
29.74%
ROA
18.81%
Total Debt (Cr)
1,286.76
Debt to Equity
-8.1
Dividend Yield
0%
EPS
189.28
Book Value & P/B
-124.6 x 0
Face Value
10
Outstanding Shares(Cr)
1.27
Current Ratio
1.47
EV to Sales
0.58

Stock Returns

1 Week-6.69%
1 Month-4.98%
6 Months+10.26%
1 Year-13.1%
3 Years+882.04%
5 Years+632.9%
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Jun 25

Promoters : 29.91%

FIIs : 4.61%

DIIs : 1.01%

Public : 64.48%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 8.88% of holding in June 2025 Qtr
FII Shareholding Increased by 0.06% to 4.61% in June 2025 Qtr
DII Shareholding Increased by 0.62% to 1.01% in June 2025 Qtr

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Electrotherm (India) Management and History

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Company History

Electrotherm (India) Limited (EIL), a leading engineering company, known for providing best steel melting equipment globally. The Company has significant presence in steel sector for TMT Bar and DI Pipe industry in India. It is maiden manufacturer and one of the known brands in battery-operated electric vehicles. It executes EPC projects and supplies engineering equipment in more than 71 countries around the world.

Electrotherm India(EIL), the Ahmedabad based company, incorporated in October, 1986 was started by two enterprising brothers Mukesh Bhandari and Shailesh Bhandari, along with Harish Sharma and Narendra Dalal.

EIL is manufacturing induction melting furnaces, TMT Bars, Ductile Iron Pipes (DI Pipes), Electric Vehicles, Transformers, Transmission Line Towers etc. EIL is also into wind power generation. Since its first order of 350-KW Medium frequency induction furnace in Jun 1983, it has installed over 300 induction furnaces allover India and abroad sofar. EIL also has some firsts to its name like design and commission of India's first indigenously made solid state generator of 1200 KW.

EIL has set up a sister concern for new products like laser cutting machines for cutting stainless steel to very close tolerances which otherwise is a difficult operation.

EIL has recieved the prestigious 'Dhatu Nayak' award for the year 1997-98 and 1998-99 for indigenous development, manufacture & Commissioning of India's largest Medium Frequency Induction Melting Furnace of 7500 KW/15 Ton capacity for Alloy steel and key contribution to stainless steel and alloy steel industry by developing indiginously developing cost effective equipment for manufacturing of stainless steel through induction furnace route respectively.

The Company also supplied India's largest MF Induction Melting Furnace of 20 Tons capacity to M/s Shah Alloys Ltd, Ahmedabad. In the year 2000-01 the company accredited with ISO-9001 certificate through RWTUV.

During the year 2004-05, the Company started process of expanding its business through setting up of a most modern steel plant at Kutch at a project costing Rs 125.23 Crores. It completed the detailed engineering for the second phase of steel project consisting of Pelletisation Plant, Direct Reduced Iron (DRI) Plant, Modern Alloy Steel Melting Facility and Rolling Mill for heavy structural and alloy steel rolled products. Electrotherm's Steel Division was established in the year 2005 in Kutch, Gujarat. During 2006-07, it established manufacturing capabilities to produce Electric vehicles and expanded the same to produce 150000 Electric Scooters per annum. The Company commissioned Second Phase of project at Kutch during 2008, and further completed third phase of project at Kutch during 2009. In addition to these, Bhaskarpara Coal Company Limited, a Joint Venture Company with Grasim Industries Limited and ET Elec-Trans Limited were incorporated as two new subsidiary companies during 2009. 40 ton 14 MW Induction Furnace for mild steel billet making application was dispatched and commissioned in Nagpur during 2009.

The Company commissioned the production of Blast Furnace - II and Ductile Iron Pipe during 2009-10. It further embarked an inorganic growth strategy by virtue of acquiring Transmission Line Tower Plant near Baroda during March, 2010. In May, 2010, it acquired 100% shareholding of Shree Ram Electrocast Private Limited, at Kolkata and manufacturing complex at Siruguppa, Bellary, Karnataka, for Pig Iron with installed capacity of 1,20,000 MT per annum and Power Generation Plant of 2.5 MW. It acquired 100% shareholding of Hans Ispat Limited, a Kutch - Gujarat based Company having manufacturing facilities for Billet of 84000 TPA, TMT Rolling Mill of 1,20,000 TPA and SS Rolling Mill of 72000 TPA per annum. The Company also acquired the shareholding in Shree Hans Papers Limited, a subsidiary of Hans Ispat Limited in June, 2010. Resulting to these acquisitions, all 3 Companies mentioned above became subsidiaries of the Company during the Financial Year 2010-2011. The Company introduced continuous casting machine for small size induction furnaces in April 2011. Further, it implemented the use of LRF and De-phosphorization and De-sulphurization process for production of high quality low phosphorous forging grade billets during 2011-12 and thereafter, introduced Fe-550D TMT rebar products. During 2013, it started operation from Thol plant in Ahmedabad, Gujarat. It installed more than 60 mini high speed casters during 2013-14. It commissioned fusion bonded epoxy coated TMT Bars facility at their Kutch Plant during 2016-17. It started their third TMT Rolling Mill production in the month of March 2019. During 2019-20, Company established heavy-duty scrap poker, which also eliminates manual intervention while melting. It commissioned a galvanizing line for a strip / sheet making plant during the year 2020.

Electrotherm (India) Share Price

Electrotherm (India) share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Electrotherm (India) Market Cap

Market capitalization of Electrotherm (India) indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Electrotherm (India) is valued compared to its competitors.

Electrotherm (India) PE Ratio

Electrotherm (India) PE ratio helps investors understand what is the market value of each stock compared to Electrotherm (India) 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Electrotherm (India) PEG Ratio

The PEG ratio of Electrotherm (India) evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Electrotherm (India) ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Electrotherm (India) generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Electrotherm (India) ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Electrotherm (India) in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Electrotherm (India) Total Debt

Total debt of Electrotherm (India) shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Electrotherm (India) Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Electrotherm (India) compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Electrotherm (India) CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Electrotherm (India) over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Electrotherm (India) Technical Analysis

Technical analysis of Electrotherm (India) helps investors get an insight into when they can enter or exit the stock. Key components of Electrotherm (India) Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Electrotherm (India) shares often struggle to rise above due to selling pressure.

Electrotherm (India) Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Electrotherm (India) ’s financial health and profitability.

Electrotherm (India) Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Electrotherm (India) Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Electrotherm (India) Financials

The financials of Electrotherm (India) provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Electrotherm (India) Profit and Loss Statements

The profit and loss statement of Electrotherm (India) highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Electrotherm (India) .

Electrotherm (India) Balance Sheet

The balance sheet presents a snapshot of Electrotherm (India) ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Electrotherm (India) Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.