ELECTHERM

Electrotherm (India) Limited

Steel and metal products for infrastructure and industrial customers

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

electrotherm.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹697.05
Market cap
888 Cr
Stock P/E
Loss (TTM EPS ₹-28.64)
ROCE (FY26)
-0.0%
Operating margin (FY26)
-0.0%
OCF / EBITDA (3Y)
123.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Electrotherm (India) is an Indian manufacturer that reports three divisions: Special Steel, Engineering & Technologies, and Electric Vehicles.

Company snapshot

45thBy market cap

Ranked among 64 companies in Iron & Steel Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 69.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Electric Vehicle Division
0.7%
8 Cr-2 Cr29 Cr
Engineering & Technologies Division
30.5%
330 Cr40 Cr678 Cr
Others—0 Cr-0.01 Cr8 Cr
Special Steel Division
69.4%
751 Cr63 Cr1,239 Cr

What we see

Positives
  • ✓124% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales985 Cr1,137 Cr1,218 Cr1,059 Cr814 Cr1,081 Cr1,161 Cr834 Cr814 Cr904 Cr1,140 Cr913 Cr
Operating expenses (approx.)894 Cr1,011 Cr1,087 Cr927 Cr746 Cr974 Cr1,097 Cr782 Cr826 Cr934 Cr1,115 Cr891 Cr
EBITDA91 Cr126 Cr131 Cr132 Cr67 Cr107 Cr64 Cr52 Cr-12 Cr-31 Cr25 Cr22 Cr
OPM %9.2%11.1%10.7%12.5%8.3%9.9%5.6%6.2%-1.5%-3.4%2.1%2.5%
Other income2 Cr0.33 Cr2 Cr0.88 Cr2 Cr3 Cr2 Cr0.77 Cr1 Cr0.39 Cr3 Cr2 Cr
Interest13 Cr8 Cr18 Cr14 Cr12 Cr12 Cr8 Cr8 Cr7 Cr5 Cr4 Cr4 Cr
Depreciation12 Cr12 Cr11 Cr11 Cr11 Cr11 Cr12 Cr11 Cr11 Cr11 Cr11 Cr11 Cr
Profit before tax68 Cr107 Cr104 Cr109 Cr59 Cr88 Cr153 Cr34 Cr-28 Cr-46 Cr18 Cr9 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%-21.0%17.9%24.0%23.3%23.9%21.8%
Net profit68 Cr107 Cr104 Cr109 Cr59 Cr88 Cr186 Cr28 Cr-22 Cr-35 Cr14 Cr7 Cr
EPS (₹)₹53.01₹84.05₹81.66₹85.43₹46.68₹69.34₹145.60₹21.78₹-16.97₹-27.80₹10.70₹5.44

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,433 Cr2,976 Cr4,040 Cr3,200 Cr2,518 Cr2,831 Cr3,074 Cr4,272 Cr4,115 Cr3,692 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,373 Cr2,828 Cr3,732 Cr3,088 Cr2,298 Cr2,745 Cr2,940 Cr3,852 Cr3,744 Cr3,649 CrSign in free for the trailing twelve months
EBITDA61 Cr149 Cr309 Cr112 Cr220 Cr86 Cr134 Cr419 Cr372 Cr43 CrSign in free for the trailing twelve months
OPM %2.5%5.0%7.6%3.5%8.7%3.1%4.4%9.8%9.0%1.2%Sign in free for the trailing twelve months
Other income16 Cr9 Cr15 Cr26 Cr4 Cr7 Cr7 Cr5 Cr8 Cr5 CrSign in free for the trailing twelve months
Interest4 Cr5 Cr38 Cr16 Cr54 Cr45 Cr67 Cr60 Cr46 Cr24 CrSign in free for the trailing twelve months
Depreciation148 Cr149 Cr143 Cr134 Cr121 Cr88 Cr49 Cr47 Cr44 Cr43 CrSign in free for the trailing twelve months
Profit before tax-91 Cr3 Cr142 Cr24 Cr50 Cr-40 Cr-12 Cr317 Cr410 Cr-23 CrSign in free for the trailing twelve months
Tax %-0.0%1.0%0.1%0.1%0.0%0.0%-0.1%0.0%-7.8%31.6%Sign in free for the trailing twelve months
Net profit-91 Cr3 Cr142 Cr24 Cr49 Cr-40 Cr-12 Cr317 Cr442 Cr-16 CrSign in free for the trailing twelve months
EPS (₹)₹-71.65₹2.33₹111.33₹18.92₹38.85₹-31.68₹-9.28₹249.08₹347.06₹-12.29Sign in free for the trailing twelve months
Dividend payout %————0.0%——0.0%0.0%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr
Reserves-1,379 Cr-1,375 Cr-1,235 Cr-1,106 Cr-1,055 Cr-1,095 Cr-1,109 Cr-794 Cr-172 Cr-167 Cr
Borrowings2,074 Cr1,849 Cr1,595 Cr1,302 Cr1,046 Cr2,085 Cr1,985 Cr1,769 Cr1,283 Cr1,060 Cr
Other liabilities1,511 Cr1,887 Cr1,795 Cr1,711 Cr1,894 Cr743 Cr863 Cr853 Cr794 Cr1,106 Cr
Total liabilities2,219 Cr2,374 Cr2,168 Cr1,920 Cr1,897 Cr1,745 Cr1,752 Cr1,841 Cr1,918 Cr2,013 Cr
Fixed assets (net)1,081 Cr990 Cr910 Cr781 Cr695 Cr654 Cr632 Cr609 Cr595 Cr621 Cr
CWIP22 Cr17 Cr29 Cr28 Cr27 Cr33 Cr26 Cr44 Cr98 Cr138 Cr
Investments0.35 Cr0.42 Cr7 Cr7 Cr7 Cr8 Cr8 Cr8 Cr8 Cr8 Cr
Inventories353 Cr448 Cr563 Cr490 Cr503 Cr546 Cr571 Cr618 Cr593 Cr571 Cr
Trade receivables303 Cr369 Cr334 Cr316 Cr277 Cr167 Cr208 Cr224 Cr257 Cr259 Cr
Cash & bank24 Cr33 Cr47 Cr30 Cr89 Cr64 Cr66 Cr55 Cr9 Cr34 Cr
Other assets437 Cr517 Cr278 Cr267 Cr298 Cr273 Cr241 Cr284 Cr358 Cr381 Cr
Total assets2,219 Cr2,374 Cr2,168 Cr1,920 Cr1,897 Cr1,745 Cr1,752 Cr1,841 Cr1,918 Cr2,013 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity58 Cr68 Cr344 Cr177 Cr225 Cr179 Cr107 Cr351 Cr329 Cr351 Cr
Cash from investing-25 Cr-46 Cr-67 Cr5 Cr-62 Cr-14 Cr-2 Cr-68 Cr-72 Cr-99 Cr
Cash from financing-52 Cr-13 Cr-262 Cr-199 Cr-104 Cr-189 Cr-103 Cr-294 Cr-303 Cr-227 Cr
Net cash flow-19 Cr9 Cr15 Cr-17 Cr58 Cr-24 Cr2 Cr-11 Cr-46 Cr25 Cr
Free cash flow (OCF − Capex)26 Cr18 Cr266 Cr153 Cr184 Cr139 Cr90 Cr283 Cr240 Cr253 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——44.4%-10.7%3082.9%-0.1%9.6%37.7%29.1%-0.0%
ROE %——————————
Debtor days45453036402125192326
Inventory days828372821109391757978
Days payable86886175926660526165
Cash conversion cycle42404143584956424138
OCF / EBITDA %n.m.45.9%111.3%158.2%102.3%207.4%79.7%83.8%88.5%n.m.
OCF / EBITDA % (3 years)——90.7%103.5%116.4%139.0%116.1%99.6%85.1%123.7%
Debt / equity——0.000.00——————
Current ratio0.570.600.570.580.540.390.400.550.660.53
Net debt / EBITDA33.90—5.0211.364.3523.3714.294.093.4323.96