Debut Plus

1,061.5

-16.38 -1.52%

17 Jul 2026

NSE Listed · Steel

ASM 1

Electrotherm (I) Ltd. (ELECTHERM)

Volume: 1,161Avg Vol 1W: 6,336Avg Vol 1M: 18,59352W Range:5511,277
Market Cap₹1,353 Cr
Current Price₹1,061.5
Previous Close₹1,077.88
High / Low (52w)₹1,277 / ₹551
Volume1,161
Avg Vol (1W)6,336
Avg Vol (1M)18,593
Stock P/E99.21
Book Value₹-120.76
Dividend Yield0%
ROE7.82%
ROA-79.05%
Revenue (TTM)
Revenue Growth-3.66%
Profit Margin-42.42%
Total Debt₹353 Cr
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹0
P/B
Debt / Equity-6.91
50 DMA₹1,119.91
200 DMA₹833.86
Day change-1.52%
SurveillanceASM 1 (as of 2026-07-17)
Price Chart
1,061.5 24.71% · 1Y
123155516.0L
2025-11-24
2026-07-16

20-day avg volume: 20K shares

Pros
  • Company is almost debt-free.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 99.
  • Negative book value per share.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹1,059 Cr₹814 Cr₹1,081 Cr₹1,161 Cr₹834 Cr₹814 Cr₹904 Cr₹1,140 Cr
EBITDA₹123 Cr₹58 Cr₹100 Cr₹55 Cr₹42 Cr₹-21 Cr₹-41 Cr₹16 Cr
Net Profit₹109 Cr₹59 Cr₹88 Cr₹186 Cr₹28 Cr₹-22 Cr₹-35 Cr₹14 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹2,936 Cr₹4,060 Cr₹3,238 Cr₹2,522 Cr₹2,838 Cr₹3,081 Cr₹4,276 Cr₹4,124 Cr
EBITDA₹8 Cr₹180 Cr₹8 Cr₹103 Cr₹5 Cr₹92 Cr₹377 Cr₹335 Cr
Net Profit₹3 Cr₹142 Cr₹24 Cr₹49 Cr₹-40 Cr₹-12 Cr₹317 Cr₹442 Cr
EPS2.33111.6918.9138.85-31.68-9.28249.08347.06
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹2,160 Cr₹2,169 Cr₹1,920 Cr₹1,897 Cr₹1,745 Cr₹1,752 Cr₹1,841 Cr₹1,918 Cr
Total Liabilities₹3,522 Cr₹3,391 Cr₹3,013 Cr₹2,939 Cr₹2,827 Cr₹2,848 Cr₹2,622 Cr₹2,077 Cr
Equity₹-1,362 Cr₹-1,222 Cr₹-1,093 Cr₹-1,042 Cr₹-1,082 Cr₹-1,096 Cr₹-781 Cr₹-159 Cr
Total Debt
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹162 Cr₹344 Cr₹182 Cr₹225 Cr₹181 Cr₹109 Cr₹355 Cr₹332 Cr
Investing₹-46 Cr₹-67 Cr₹5 Cr₹-62 Cr₹-14 Cr₹-2 Cr₹-68 Cr₹-72 Cr
Financing₹-106 Cr₹-262 Cr₹-203 Cr₹-104 Cr₹-189 Cr₹-103 Cr₹-294 Cr₹-303 Cr
Free Cash Flow₹162 Cr₹344 Cr₹182 Cr₹225 Cr₹181 Cr₹109 Cr₹355 Cr₹332 Cr
Shareholding
Promoter 29.87% Institutions 10.06% Public 60.07%
Efficiency & Working Capital
ROCE13.9%
Interest Coverage7.4
Dividend Payout
Debtor Days23 d
Inventory Days53 d
Payable Days41 d
Cash Conversion Cycle35 d
Working Capital Days75 d
Shareholding Details

As of 2026-06-30

Promoter29.9%
FII9.3%
DII0.8%
Institutions10.1%
Public60.1%
Promoter Pledge7.9%
No. of Shareholders8,907
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters31%31%31%31%30.7%29.9%29.9%29.9%29.9%29.9%29.9%29.9%
FIIs4.9%4.9%4.9%5%4.8%4.6%4.5%4.6%5.1%5.9%5.9%9.3%
DIIs0.1%0.1%0.1%0.1%0.1%0.1%0.4%1%1%0.9%0.8%0.8%
Public63.9%63.9%63.9%63.9%64.4%65.4%65.2%64.5%64.1%63.4%63.4%60.1%
Promoter Pledge7.6%7.6%7.6%7.6%7.7%7.9%7.9%7.9%7.9%7.9%7.9%7.9%
No. of Shareholders9,0577,9167,4867,8068,7308,7569,2008,7039,0109,4459,6358,907
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Castleshine Pte LimitedPublic Shareholding7.9%10,00,000
Leadhaven Pte LimitedPublic Shareholding7.9%10,00,000
Western India Speciality Hospital LimitedShareholding of Promoter and Promoter Group7.7%9,75,000
Shailesh BhandariShareholding of Promoter and Promoter Group6.7%8,48,275
Mukesh BhandariShareholding of Promoter and Promoter Group6.4%8,09,500
Artiben Jagdishbhai AkhaniPublic Shareholding4.6%5,84,949
Bhandari RakeshShareholding of Promoter and Promoter Group3.4%4,27,319
Habrok India Master LpPublic Shareholding3.3%4,15,754
Web Businesses.com Global Ltd.Public Shareholding2.3%2,97,599
8 Square CapitalPublic Shareholding2.3%2,96,225
Komalay Investrade Private LimitedPublic Shareholding1.8%2,23,389
Arjun Leasing And Finance Pvt LtdPublic Shareholding1.7%2,16,377
Ritu Nagesh BhandariShareholding of Promoter and Promoter Group1.7%2,15,763
Reema BhandariShareholding of Promoter and Promoter Group1.6%2,01,800
Nagesh Bhanwarlal BhandariShareholding of Promoter and Promoter Group1.5%1,95,470
Lavish Packagers LimitedPublic Shareholding1.5%1,90,594
Jaideep Narendra SampatPublic Shareholding1.5%1,89,395
Kiritkumar Amrutlal AkhaniPublic Shareholding1.5%1,89,932
Radiant Global Fund-class B Participating SharesPublic Shareholding1.4%1,79,831
Winspire Project Consultants Private LimitedPublic Shareholding1.3%1,70,063
Cassini Partners, L.p. Managed By Habrok Capital Management LlpPublic Shareholding1.3%1,63,740
Patel Jayeshkumar KantilalPublic Shareholding1%1,28,000
Suraj Shailesh BhandariShareholding of Promoter and Promoter Group0.6%81,100
Late Indubala BhandariShareholding of Promoter and Promoter Group0.4%51,500
Anurag Mukesh BhandariShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Shailesh Bhandari1,50,00017.7%2026-06-30
Mukesh Bhandari1,50,00018.5%2026-06-30
Ritu Nagesh Bhandari00%2026-06-30
Reema Bhandari00%2026-06-30
Nagesh Bhanwarlal Bhandari00%2026-06-30
Suraj Shailesh Bhandari00%2026-06-30
Late Indubala Bhandari00%2026-06-30
Anurag Mukesh Bhandari00%2026-06-30
Siddharth Mukesh Bhandari00%2026-06-30
Mukesh Bhanwarlal Bhandari (huf)00%2026-06-30
Jyoti Bhandari00%2026-06-30
Dalal Narendrakumar Babubhai00%2026-06-30
Board of Directors
NameDesignationYear
Dinesh Shankar MukatiChairman & Independent Directo2025
Shailesh BhandariVice Chairman & Executive Dire2025
Suraj Shailesh BhandariED / MD / Promoter2025
Pratap MohanIndependent Non Exe. Director2025
Nivedita SardaIndependent Non Exe. Director2025
Tushar JaniE D & Wholetime Director2025
Fageshkumar SoniCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Engineering & Projects Division₹595 Cr29.1%
Special Steel Division₹1,423 Cr69.7%
Electric Vehicle Division₹25 Cr1.2%
Segments — Geography
RegionRevenueShare
India₹3,888 Cr94.5%
Overseas₹228 Cr5.5%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10251313
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025570013693
2025100001
2025560011976
Insider / Designated-Person Trades

12 recent disclosure(s)

Shailesh BhandariAcquisition · 8,09,500
Mukesh BhandariDisposal · 8,09,500
Reema BhandariAcquisition · 2,01,525
Jyoti BhandariDisposal · 2,01,525
Jyoti BhandariAcquisition · 2,01,150
Mukesh Bhanwarlal Bhandari HUFDisposal · 60,000
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]
🌐 www.electrotherm.com

📍 A-1 Skylark Apartment, Satellite Road Satellite, Ahmedabad, Gujarat, 380015

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