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Fundamental Analysis of Electrotherm (India) Ltd

About the Company - Electrotherm (India) Ltd

Electrotherm (India) Ltd. is a Public Limited Listed company incorporated on 29/10/1986 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L29249GJ1986PLC009126 and registration number is 009126. Currently company belongs to the Industry of Engineering - General. Company’s Total Operating Revenue is Rs. 2830.28 Cr. and Equity Capital is Rs. 12.74 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - GeneralA-1, Skylark Apartment, Satellite Road, Ahmedabad Gujarat 380015sec@electrotherm.com
http://www.electrotherm.com
Management
NamePosition Held
Mr. Dinesh MukatiNon Exe.Chairman&Ind.Director
Mr. Shailesh BhandariManaging Director
Mr. Suraj Shailesh BhandariWhole Time Director
Mr. Mukesh BhandariNon Executive Director
Ms. Nivedita SardaIndependent Director
Mr. Pratap MohanIndependent Director

Electrotherm (India) Ltd. Share Price Update

Share PriceValue
Today₹213.65
Previous Day₹203.50

Basic Stock Data of Electrotherm (India) Ltd

Market Cap 258 Cr.
Current Price 203
High / Low204/48.0
Stock P/E1.34
Book Value 777
Dividend Yield0.00 %
ROCE9.69 %
ROE%
Face Value 10.0

Electrotherm (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales5527508936957198116076797476151,033931985
Expenses519657787641715791599702735577926860894
Operating Profit3393106554208-2312381077291
OPM %6%12%12%8%1%2%1%-3%2%6%10%8%9%
Other Income1120114311-3402
Interest20131711101114121719192213
Depreciation34351822212321121212121212
Profit before tax-20477222-26-14-23-45-167423968
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-20477222-26-14-23-45-167423968
EPS in Rs-15.4136.8756.3217.39-20.58-10.66-17.83-35.10-12.535.7432.6230.3652.99

Electrotherm (India) Ltd Quarterly Chart

Electrotherm (India) Ltd Profit & Loss

MonthSep 2012Sep 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,5821,2407652,0482,1012,2592,9274,0403,2122,5182,8313,0743,565
Expenses2,7701,2639842,3622,1332,1982,7793,7373,0832,2982,7452,9403,257
Operating Profit-188-23-220-314-326114930312922086134308
OPM %-7%-2%-29%-15%-2%3%5%8%4%9%3%4%9%
Other Income287-253819204947-30-31
Interest5031071010145381954456773
Depreciation20614372159154148149143134121884949
Profit before tax-868-266-326-481-180-9131422449-40-12155
Tax %10%-0%1%0%-0%-0%1%0%0%0%0%-0%
Net Profit-782-266-322-480-180-9131422449-40-12155
EPS in Rs-681.08-231.69-280.49-416.71-156.72-71.622.32111.3218.9138.84-31.67-9.28121.71
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Electrotherm (India) Ltd Profit & Loss Yearly Chart

Electrotherm (India) Ltd Growth

Compounded Sales Growth
10 Years::2%
5 Years::1%
3 Years::-1%
TTM::25%

Electrotherm (India) Ltd Growth

Compounded Profit Growth
10 Years::7%
5 Years::53%
3 Years::131%
TTM::297%

Electrotherm (India) Ltd Growth

Stock Price CAGR
10 Years::28%
5 Years::4%
3 Years::23%
1 Year::172%

Electrotherm (India) Ltd Growth

Return on Equity
10 Years::%
5 Years::%
3 Years::%
Last Year::%

Electrotherm (India) Ltd Balance Sheet

MonthSep 2012Sep 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111313131313131313
Reserves-5-280-608-1,085-1,265-1,379-1,375-1,235-1,106-1,055-1,095-1,109-1,003
Preference Capital12121212410000000
Borrowings3,1763,2513,2333,1853,1463,0732,8512,6162,2942,2342,0871,9861,898
Other Liabilities421363365366408512671775720705741862911
Total Liabilities3,6033,3453,0022,4772,3002,2192,1602,1691,9201,8971,7451,7521,818
Fixed Assets1,8271,6771,6061,4571,3211,1181,027949825738698638627
CWIP23242321212217292827332632
Investments0000277777888
Other Assets1,7531,6431,3739989571,0731,1081,1841,0601,1241,0071,0811,152
Total Assets3,6033,3453,0022,4772,3002,2192,1602,1691,9201,8971,7451,7521,818

Electrotherm (India) Ltd Reserves and Borrowings Chart

Electrotherm (India) Ltd Cash Flow

MonthSep 2012Sep 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -2191246725258161344181225179107
Cash from Investing Activity -19-0-3-5-42-25-46-675-62-14-2
Cash from Financing Activity 164-31-40-46-12-52-106-262-203-104-189-103
Net Cash Flow-74-19321-1-19915-1758-242

Electrotherm (India) Ltd Financial Efficiency Indicators

MonthSep 2012Sep 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days65117194574649463036402225
Inventory Days1382872337368867870781109691
Days Payable4591103476690826072936860
Cash Conversion Cycle157314324834846414143585056
Working Capital Days-12-131-478-157-114-87-83-66-83352015
ROCE %-11%-5%-10%-20%-9%-4%1%13%2%9%0%10%

Electrotherm (India) Ltd Financial Efficiency Indicators Chart

Electrotherm (India) Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters31.31%31.31%31.31%31.31%31.31%31.31%31.04%31.04%31.04%31.04%31.04%31.04%
FIIs4.95%4.95%4.94%4.94%4.94%5.10%4.94%4.94%4.94%4.94%4.94%4.94%
DIIs0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%
Public63.66%63.65%63.67%63.67%63.67%63.50%63.94%63.95%63.94%63.95%63.95%63.94%
No. of Shareholders7,0877,1058,0218,5978,9079,8149,76710,40010,44410,41310,2239,057

Electrotherm (India) Ltd Shareholding Pattern Chart

No. of Electrotherm (India) Ltd Shareholders

This stock is not held by any mutual fund

Electrotherm (India) Ltd ROCE Trend

Electrotherm (India) Ltd EPS Trend

Electrotherm (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-9.28-31.6938.8518.92111.33
Diluted EPS (Rs.)-9.28-31.6938.8518.92111.33
Cash EPS (Rs.)29.3237.31133.45124.25223.43
Book Value[Excl.RevalReserv]/Share (Rs.)-860.45-849.58-818.19-858.18-959.16
Book Value[Incl.RevalReserv]/Share (Rs.)-860.45-849.58-818.19-858.18-959.16
Revenue From Operations / Share (Rs.)2412.912222.381976.502521.113171.26
PBDIT / Share (Rs.)110.6872.98175.85111.63253.65
PBIT / Share (Rs.)72.063.9981.236.29141.55
PBT / Share (Rs.)-9.28-31.6938.8418.92111.39
Net Profit / Share (Rs.)-9.29-31.6938.8318.91111.33
NP After MI And SOA / Share (Rs.)-9.28-31.6838.8518.92111.34
PBDIT Margin (%)4.583.288.894.427.99
PBIT Margin (%)2.980.174.100.244.46
PBT Margin (%)-0.38-1.421.960.753.51
Net Profit Margin (%)-0.38-1.421.960.753.51
NP After MI And SOA Margin (%)-0.38-1.421.960.753.51
Return on Networth / Equity (%)0.000.00-4.74-2.20-11.60
Return on Capital Employeed (%)-11.06-0.72-783.423.9885.44
Return On Assets (%)-0.67-2.312.601.256.54
Long Term Debt / Equity (X)-0.22-0.33-0.97-1.16-1.16
Total Debt / Equity (X)-1.81-1.93-1.00-1.19-1.31
Asset Turnover Ratio (%)1.781.551.321.391.54
Current Ratio (X)0.400.380.530.580.56
Quick Ratio (X)0.180.160.270.290.28
Inventory Turnover Ratio (X)4.114.073.353.604.81
Interest Coverage Ratio (%)2.102.054.157.328.41
Interest Coverage Ratio (Post Tax) (%)1.370.111.920.414.69
Enterprise Value (Cr.)1982.592156.861090.551364.531762.76
EV / Net Operating Revenue (X)0.640.760.430.420.43
EV / EBITDA (X)14.0623.204.879.595.45
MarketCap / Net Operating Revenue (X)0.020.050.050.030.05
Price / BV (X)-0.06-0.13-0.13-0.10-0.18
Price / Net Operating Revenue (X)0.020.050.050.030.05
EarningsYield-0.16-0.280.340.220.61

Electrotherm (India) Ltd Profitability Ratios (%)

Electrotherm (India) Ltd Liquidity Ratios

Electrotherm (India) Ltd Liquidity Ratios (%)

Electrotherm (India) Ltd Interest Coverage Ratios (%)

Electrotherm (India) Ltd Valuation Ratios

Fair Value of Electrotherm (India) Ltd Stock

Fair Value: ₹159.30

The stock is overvalued by 21.53% compared to the current price ₹203

*This is not Investment Advice

Strength and Weakness of Electrotherm (India) Ltd Stock

StrengthWeakness

The stock has a high average ROCE, which is a positive sign.

The stock has a low average Working Capital Days, which is a positive sign.

The stock has a high average Cash Conversion Cycle, which may not be favorable.

The company has higher borrowings compared to reserves, which may suggest financial risk.

The company has not shown consistent growth in sales and profit.

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