₹632
▲ +25.47 +4.20%
As of 23 Oct 2026 · delayed
NSE Listed
Electrotherm (India) Ltd. (ELECTHERM)
Volume: 29,034Avg Vol 1W: 18,925.8Avg Vol 1M: 20,185.0552W Range:₹551₹1,277
Key Ratios
Checked 8h agoMarket Cap₹773 Cr
Current Price₹632
Previous Close₹606.53
High / Low (52w)₹1,277 / ₹551
Volume29,034
Avg Vol (1W)18,925.8
Avg Vol (1M)20,185.05
Stock P/E2.42
Book Value₹-124.63
Dividend Yield—
ROE37.9%
ROA—
Revenue (TTM)₹4,124 Cr
Revenue Growth—
Profit Margin—
Total Debt₹353 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹346.86
P/B-6.73
Debt / Equity0
50 DMA₹878.76
200 DMA₹867.7
Day change+4.20%
Price Chart
₹632▼ 35.38% · 1Y
2025-10-272026-10-23
20-day avg volume: 20K shares
Pros
- Healthy return on equity of 37.9%.
- Company is almost debt-free.
- Revenue grew 28% YoY.
Cons
- Negative book value per share.
Quarterly Results
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹814 Cr | ₹1,081 Cr | ₹1,161 Cr | ₹834 Cr | ₹814 Cr | ₹904 Cr | ₹1,140 Cr | ₹913 Cr |
| EBITDA | ₹58 Cr | ₹100 Cr | ₹55 Cr | ₹42 Cr | ₹-21 Cr | ₹-41 Cr | ₹16 Cr | ₹13 Cr |
| Net Profit | ₹59 Cr | ₹88 Cr | ₹186 Cr | ₹28 Cr | ₹-22 Cr | ₹-35 Cr | ₹14 Cr | ₹7 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4,124 Cr | ₹1,161 Cr | ₹834 Cr | ₹814 Cr | ₹904 Cr | ₹1,140 Cr | ₹3,697 Cr | ₹913 Cr |
| EBITDA | ₹335 Cr | ₹55 Cr | ₹42 Cr | ₹-21 Cr | ₹-41 Cr | ₹16 Cr | ₹5 Cr | ₹13 Cr |
| Net Profit | ₹442 Cr | ₹185 Cr | ₹28 Cr | ₹-22 Cr | ₹-35 Cr | ₹13 Cr | ₹-16 Cr | ₹7 Cr |
| EPS | 347.06 | — | — | — | — | — | -12.29 | — |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹2,169 Cr | ₹1,920 Cr | ₹1,897 Cr | ₹1,745 Cr | ₹1,752 Cr | ₹1,841 Cr | ₹1,918 Cr | ₹2,013 Cr |
| Total Liabilities | ₹3,391 Cr | ₹3,013 Cr | ₹2,939 Cr | ₹2,827 Cr | ₹2,848 Cr | ₹2,622 Cr | ₹2,077 Cr | ₹2,167 Cr |
| Equity | ₹-1,222 Cr | ₹-1,093 Cr | ₹-1,042 Cr | ₹-1,082 Cr | ₹-1,096 Cr | ₹-781 Cr | ₹-159 Cr | ₹-154 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹344 Cr | ₹182 Cr | ₹225 Cr | ₹181 Cr | ₹109 Cr | ₹355 Cr | ₹332 Cr | ₹351 Cr |
| Investing | ₹-67 Cr | ₹5 Cr | ₹-62 Cr | ₹-14 Cr | ₹-2 Cr | ₹-68 Cr | ₹-72 Cr | ₹-99 Cr |
| Financing | ₹-262 Cr | ₹-203 Cr | ₹-104 Cr | ₹-189 Cr | ₹-103 Cr | ₹-294 Cr | ₹-303 Cr | ₹-227 Cr |
| Free Cash Flow | ₹344 Cr | ₹182 Cr | ₹225 Cr | ₹181 Cr | ₹109 Cr | ₹355 Cr | ₹332 Cr | ₹351 Cr |
Shareholding
Promoter 29.83% Institutions 11.92% Public 58.26%
Efficiency & Working Capital
ROCE0.5%
Interest Coverage0.2
Dividend Payout—
Debtor Days26 d
Inventory Days56 d
Payable Days48 d
Cash Conversion Cycle35 d
Working Capital Days82 d
Shareholding Details
As of 2026-09-30
Promoter29.8%
FII11.1%
DII0.8%
Institutions11.9%
Public58.3%
Promoter Pledge7.9%
No. of Shareholders8,925
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 31% | 31% | 31% | 30.7% | 29.9% | 29.9% | 29.9% | 29.9% | 29.9% | 29.9% | 29.9% | 29.8% |
| FIIs | 4.9% | 4.9% | 5% | 4.8% | 4.6% | 4.5% | 4.6% | 5.1% | 5.9% | 5.9% | 9.3% | 11.1% |
| DIIs | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.4% | 1% | 1% | 0.9% | 0.8% | 0.8% | 0.8% |
| Public | 63.9% | 63.9% | 63.9% | 64.4% | 65.4% | 65.2% | 64.5% | 64.1% | 63.4% | 63.4% | 60.1% | 58.3% |
| Promoter Pledge | 7.6% | 7.6% | 7.6% | 7.7% | 7.9% | 7.9% | 7.9% | 7.9% | 7.9% | 7.9% | 7.9% | 7.9% |
| No. of Shareholders | 7,916 | 7,486 | 7,806 | 8,730 | 8,756 | 9,200 | 8,703 | 9,010 | 9,445 | 9,635 | 8,907 | 8,925 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Castleshine Pte Limited | Public Shareholding | 7.9% | 10,00,000 |
| Leadhaven Pte Limited | Public Shareholding | 7.9% | 10,00,000 |
| Western India Speciality Hospital Limited | Shareholding of Promoter and Promoter Group | 7.7% | 9,75,000 |
| Shailesh Bhandari | Shareholding of Promoter and Promoter Group | 6.7% | 8,48,275 |
| Mukesh Bhandari | Shareholding of Promoter and Promoter Group | 6.4% | 8,09,500 |
| Artiben Jagdishbhai Akhani | Public Shareholding | 4.6% | 5,85,026 |
| Habrok India Master Lp | Public Shareholding | 4% | 5,06,107 |
| Radiant Global Fund-class B Participating Shares | Public Shareholding | 3.9% | 4,98,325 |
| Bhandari Rakesh | Shareholding of Promoter and Promoter Group | 2.7% | 3,42,319 |
| Web Businesses.com Global Ltd. | Public Shareholding | 2.3% | 2,97,599 |
| Cassini Partners, L.p. Managed By Habrok Capital Management Llp | Public Shareholding | 2% | 2,59,720 |
| Komalay Investrade Private Limited | Public Shareholding | 1.8% | 2,23,389 |
| Ritu Nagesh Bhandari | Shareholding of Promoter and Promoter Group | 1.7% | 2,15,763 |
| Arjun Leasing And Finance Pvt Ltd | Public Shareholding | 1.6% | 2,08,368 |
| Reema Bhandari | Shareholding of Promoter and Promoter Group | 1.6% | 2,01,800 |
| Nagesh Bhanwarlal Bhandari | Shareholding of Promoter and Promoter Group | 1.5% | 1,95,470 |
| Lavish Packagers Limited | Public Shareholding | 1.5% | 1,90,594 |
| Jaideep Narendra Sampat | Public Shareholding | 1.5% | 1,89,395 |
| Kiritkumar Amrutlal Akhani | Public Shareholding | 1.5% | 1,89,932 |
| Winspire Project Consultants Private | Public Shareholding | 1.4% | 1,72,184 |
| Suraj Shailesh Bhandari | Shareholding of Promoter and Promoter Group | 1.3% | 1,61,100 |
| Patel Jayeshkumar Kantilal | Public Shareholding | 1% | 1,28,000 |
| Late Indubala Bhandari | Shareholding of Promoter and Promoter Group | 0.4% | 51,500 |
| Anurag Mukesh Bhandari | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Siddharth Mukesh Bhandari | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Shailesh Bhandari | 1,50,000 | 17.7% | 2026-09-30 |
| Mukesh Bhandari | 1,50,000 | 18.5% | 2026-09-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Dinesh Shankar Mukati | Chairman & Independent Directo | 2025 |
| Shailesh Bhandari | Vice Chairman & Executive Dire | 2025 |
| Suraj Shailesh Bhandari | ED / MD / Promoter | 2025 |
| Pratap Mohan | Independent Non Exe. Director | 2025 |
| Nivedita Sarda | Independent Non Exe. Director | 2025 |
| Tushar Jani | E D & Wholetime Director | 2025 |
| Fageshkumar Soni | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Engineering & Projects Division | ₹595 Cr | 29.1% |
| Special Steel Division | ₹1,423 Cr | 69.7% |
| Electric Vehicle Division | ₹25 Cr | 1.2% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹3,470 Cr | 94% |
| Overseas | ₹222 Cr | 6% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 54 | 13 | 13 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-14 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 175 | 0 | 2 | 4 | 380 | 561 |
| 2026 | 0 | 0 | 0 | 1 | 0 | 1 |
| 2026 | 175 | 0 | 2 | 3 | 334 | 515 |
Insider / Designated-Person Trades
2 recent disclosure(s)
Bhandari RakeshDisposal · 80,000
Suraj Shailesh BhandariAcquisition · 80,000
Substantial Acquisitions (SAST)
1 disclosure(s)
NULL07/04/2025 · 8,09,500
Company Information
Incorporated1986
ChairmanDinesh Shankar Mukati
AuditorHitesh Prakash Shah & Co
Investor Email[email protected]
📍 A-1 Skylark Apartment, Satellite Road Satellite, Ahmedabad, Gujarat, 380015
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