Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:31 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523732 | NSE: ECOBOAR

Ecoboard Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹111.46Undervalued by 77.20%vs CMP ₹62.90

P/E (15.0) × ROE (239.0%) × BV (₹3.81) × DY (2.00%)

Defaults: P/E=15

₹37.01Overvalued by 41.16%vs CMP ₹62.90
MoS: -70% (Negative)Confidence: 38/100 (Low)Models: 1 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹72.2649%Under (+14.9%)
Net Asset ValueAssets₹3.9029%Over (-93.8%)
Revenue MultipleRevenue₹2.8222%Over (-95.5%)
Consensus (3 models)₹37.01100%Overvalued
Key Drivers: EPS CAGR -35.2% drags value — could be higher if earnings stabilize. | Wide model spread (₹3–₹72) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -35.2% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

53
Ecoboard Industries Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health56/100 · Moderate
ROCE 40.2% ExcellentROE 239.0% ExcellentD/E 1.99 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 44.5% Stable
Earnings Quality50/100 · Moderate
OPM contracting (-3% → -41%) DecliningWorking capital: -472 days (improving) Efficient
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -18% YoY DecliningOPM: -7.4% (up 152.0% YoY) Margin expansion
Industry Rank65/100 · Strong
ROCE 40.2% vs industry 11.7% Above peersROE 239.0% vs industry 30.2% Above peers3Y sales CAGR: -28% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:31 am

Market Cap 145 Cr.
Current Price 62.9
Intrinsic Value₹37.01
High / Low 66.2/24.2
Stock P/E
Book Value 3.81
Dividend Yield0.00 %
ROCE40.2 %
ROE239 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ecoboard Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ecoboard Industries Ltd 145 Cr. 62.9 66.2/24.2 3.810.00 %40.2 %239 % 10.0
Duroply Industries Ltd 144 Cr. 133 270/12119.9 1400.00 %7.23 %5.22 % 10.0
Archidply Industries Ltd 135 Cr. 68.1 121/60.012.6 62.80.00 %9.56 %6.74 % 10.0
Airo Lam Ltd 126 Cr. 84.2 137/82.014.7 53.40.00 %7.78 %4.77 % 10.0
Rushil Decor Ltd 432 Cr. 14.7 34.0/12.547.1 21.70.68 %10.1 %7.96 % 1.00
Industry Average2,998.67 Cr156.90148.3164.690.13%11.65%30.18%5.91

All Competitor Stocks of Ecoboard Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 5.025.813.696.498.7910.785.763.271.871.811.644.919.47
Expenses 5.6810.316.337.948.6110.006.545.654.854.734.447.4210.17
Operating Profit -0.66-4.50-2.64-1.450.180.78-0.78-2.38-2.98-2.92-2.80-2.51-0.70
OPM % -13.15%-77.45%-71.54%-22.34%2.05%7.24%-13.54%-72.78%-159.36%-161.33%-170.73%-51.12%-7.39%
Other Income -0.651.900.040.020.03-2.290.010.09-4.80-2.850.070.020.13
Interest 0.600.810.31-0.010.150.300.120.120.190.110.350.08-0.22
Depreciation 0.270.260.280.280.280.270.290.290.280.280.280.380.43
Profit before tax -2.18-3.67-3.19-1.70-0.22-2.08-1.18-2.70-8.25-6.16-3.36-2.95-0.78
Tax % 0.00%0.00%0.00%0.00%0.00%3.37%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit -2.17-3.67-3.19-1.70-0.22-2.15-1.17-2.69-8.26-6.16-3.36-2.95-0.78
EPS in Rs -1.22-2.06-1.79-0.95-0.12-1.21-0.66-1.51-4.63-3.45-1.46-1.28-0.34

Last Updated: March 3, 2026, 10:10 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:35 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2817221692012153539301318
Expenses 29202821152413163442332227
Operating Profit -1-3-6-5-6-4-1-11-4-3-9-9
OPM % -3%-20%-27%-30%-73%-17%-11%-5%3%-9%-10%-71%-50%
Other Income -02-2002201644-2-8-3
Interest 5554652322110
Depreciation 3111111111111
Profit before tax -9-7-15-10-14-715112-3-7-18-13
Tax % 0%0%0%0%0%0%0%0%0%0%1%0%
Net Profit -9-7-15-10-14-715112-3-7-18-13
EPS in Rs -5.04-3.92-8.36-5.81-7.78-4.048.456.311.20-1.76-4.08-10.25-6.53
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)22.22%-114.29%33.33%-40.00%50.00%314.29%-26.67%-81.82%-250.00%-133.33%-157.14%
Change in YoY Net Profit Growth (%)0.00%-136.51%147.62%-73.33%90.00%264.29%-340.95%-55.15%-168.18%116.67%-23.81%

Ecoboard Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-3%
5 Years:1%
3 Years:-28%
TTM:-73%
Compounded Profit Growth
10 Years:-3%
5 Years:%
3 Years:%
TTM:-304%
Stock Price CAGR
10 Years:21%
5 Years:64%
3 Years:-1%
1 Year:0%
Return on Equity
10 Years:%
5 Years:-37%
3 Years:-50%
Last Year:-239%

Last Updated: September 5, 2025, 3:21 pm

Balance Sheet

Last Updated: December 4, 2025, 2:48 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 18181818181818181818181823
Reserves 8-9-23-8-22-29-14-3-13-5-23-14
Borrowings 29333942454840302425152217
Other Liabilities 1291416202718282117283127
Total Liabilities 66514767616362736262564853
Fixed Assets 26171640373524212027191824
CWIP 0222222233052
Investments 0000000000000
Other Assets 40322925222536503932382528
Total Assets 66514767616362736262564853

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 41-0110-7-2-630-1
Cash from Investing Activity + -0-2-103291911010-5
Cash from Financing Activity + -411-1-4-2-3-13-8-2-107
Net Cash Flow -000-000-14-41-10
Free Cash Flow 4-1-114229-6310-6
CFO/OP -520%-35%4%-20%-14%-12%533%306%-549%-77%-7%12%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-30.00-36.00-45.00-47.00-51.00-52.00-41.00-31.00-23.00-29.00-18.00-31.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 5648516454941261537861109105
Inventory Days 6316224976906782681,292824406304263264
Days Payable 16312912721227325670037077154138393
Cash Conversion Cycle 523541421543458106719606407211234-24
Working Capital Days 33-8-148-387-1,204-52721621713810778-472
ROCE %-6%-6%-17%-14%-16%-11%-1%-1%3%-6%-11%-40%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 57.25%57.18%57.04%56.78%56.78%56.78%56.78%57.37%57.34%57.34%44.52%44.52%
Public 42.75%42.81%42.96%43.22%43.21%43.22%43.22%42.62%42.67%42.66%55.48%55.48%
No. of Shareholders 11,83811,86512,09111,94411,91711,96911,85811,98211,86011,73111,61411,524

Shareholding Pattern Chart

No. of Shareholders

Ecoboard Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -10.25-4.071.841.146.42
Diluted EPS (Rs.) -10.07-4.071.841.146.42
Cash EPS (Rs.) -9.62-3.45-1.181.756.84
Book Value[Excl.RevalReserv]/Share (Rs.) -6.393.8411.469.628.48
Book Value[Incl.RevalReserv]/Share (Rs.) -2.837.4011.469.628.48
Revenue From Operations / Share (Rs.) 7.1316.6921.6519.478.42
PBDIT / Share (Rs.) -4.51-1.67-0.991.200.39
PBIT / Share (Rs.) -5.15-2.29-1.580.64-0.13
PBT / Share (Rs.) -10.25-4.03-1.761.206.31
Net Profit / Share (Rs.) -10.25-4.07-1.761.206.31
PBDIT Margin (%) -63.29-10.00-4.606.164.63
PBIT Margin (%) -72.22-13.73-7.303.33-1.63
PBT Margin (%) -143.76-24.16-8.146.1674.93
Net Profit Margin (%) -143.76-24.41-8.146.1674.93
Return on Networth / Equity (%) 0.00-106.08-15.3712.4774.42
Return on Capital Employeed (%) -115.61-15.48-6.532.98-0.65
Return On Assets (%) -38.21-12.93-5.053.4215.54
Long Term Debt / Equity (X) -1.071.821.081.231.41
Total Debt / Equity (X) -1.962.231.221.421.99
Asset Turnover Ratio (%) 0.240.500.610.510.22
Current Ratio (X) 0.591.221.631.561.36
Quick Ratio (X) 0.440.740.730.740.92
Inventory Turnover Ratio (X) 1.271.071.031.180.38
Interest Coverage Ratio (X) -14.92-4.01-0.761.020.23
Interest Coverage Ratio (Post Tax) (X) -17.02-5.61-1.210.55-0.08
Enterprise Value (Cr.) 64.0461.7157.1971.8132.91
EV / Net Operating Revenue (X) 5.042.071.482.072.19
EV / EBITDA (X) -7.96-20.73-32.1833.5547.23
MarketCap / Net Operating Revenue (X) 3.311.570.851.370.42
Price / BV (X) -3.696.801.622.770.42
Price / Net Operating Revenue (X) 3.311.570.851.370.42
EarningsYield -0.43-0.15-0.090.041.75

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ecoboard Industries Ltd. is a Public Limited Listed company incorporated on 20/11/1991 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24239MH1991PLC064087 and registration number is 064087. Currently Company is involved in the business activities of Manufacture of anti-sprouting products, plant growth regulators. Company's Total Operating Revenue is Rs. 12.72 Cr. and Equity Capital is Rs. 17.83 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Laminates65/1A, Ecohouse, Akarshak Building, Pune Maharashtra 411004Contact not found
Management
NamePosition Held
Mr. Ramakrishna Raju GottumukkalaChairman & M.D & CEO
Mr. Praveen Kumar Raju GottumukkalaWholeTime Director & CFO
Mrs. Sujani Venkata IndukuriDirector
Mr. Veeravenkata Rama Raju PenmetsaIndependent Director
Mr. Siva Sankar KaliveIndependent Director
Mrs. Bhagyashri Dharmasa ZadIndependent Director

FAQ

What is the intrinsic value of Ecoboard Industries Ltd and is it undervalued?

As of 14 April 2026, Ecoboard Industries Ltd's intrinsic value is ₹37.01, which is 41.16% lower than the current market price of ₹62.90, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (239 %), book value (₹3.81), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ecoboard Industries Ltd?

Ecoboard Industries Ltd is trading at ₹62.90 as of 14 April 2026, with a FY2026-2027 high of ₹66.2 and low of ₹24.2. The stock is currently near its 52-week high. Market cap stands at ₹145 Cr..

How does Ecoboard Industries Ltd's P/E ratio compare to its industry?

Ecoboard Industries Ltd has a P/E ratio of , which is below the industry average of 148.31. This is broadly in line with or below the industry average.

Is Ecoboard Industries Ltd financially healthy?

Key indicators for Ecoboard Industries Ltd: ROCE of 40.2 % indicates efficient capital utilization; ROE of 239 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Ecoboard Industries Ltd profitable and how is the profit trend?

Ecoboard Industries Ltd reported a net profit of ₹-18 Cr in Mar 2025 on revenue of ₹13 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows a declining trend.

Does Ecoboard Industries Ltd pay dividends?

Ecoboard Industries Ltd has a dividend yield of 0.00 % at the current price of ₹62.90. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ecoboard Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports