IPO Plus

₹669.2

▲ +60.78 +9.99%

As of 06 Nov 2026 · delayed

NSE Listed · Steel

Electrotherm (India) Ltd. (ELECTHERM)

Volume: 41,935Avg Vol 1W: 15,790Avg Vol 1M: 14,27252W Range:₹551₹1,277
NSE BSE www.electrotherm.com AI Report
Key Ratios
Checked 6h ago
Market Cap₹853 Cr
Current Price₹669.2
Previous Close₹608.42
High / Low (52w)₹1,277 / ₹551
Volume41,935
Avg Vol (1W)15,790
Avg Vol (1M)14,272
Stock P/E93.79
Book Value₹-123.15
Dividend Yield0%
ROE24.97%
ROA-160.45%
Revenue (TTM)—
Revenue Growth-3.66%
Profit Margin-90.01%
Total Debt₹353 Cr
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹0
P/B—
Debt / Equity0
50 DMA₹796.47
200 DMA₹846.01
Day change+9.99%
Price Chart
₹669.2▼ 33.94% · 1Y
₹1231₹55516.0L
2025-11-06
2026-11-06

20-day avg volume: 14K shares

Pros
  • Healthy return on equity of 25.0%.
  • Company is almost debt-free.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 94.
  • Negative book value per share.
Quarterly Results
MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Revenue₹1,081 Cr₹1,161 Cr₹834 Cr₹814 Cr₹904 Cr₹1,140 Cr₹913 Cr₹912 Cr
EBITDA₹100 Cr₹55 Cr₹42 Cr₹-21 Cr₹-41 Cr₹16 Cr₹13 Cr₹-25 Cr
Net Profit₹88 Cr₹186 Cr₹28 Cr₹-22 Cr₹-35 Cr₹14 Cr₹7 Cr₹-20 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026Sept 2026
Revenue₹1,161 Cr₹834 Cr₹814 Cr₹904 Cr₹1,140 Cr₹3,697 Cr₹913 Cr₹912 Cr
EBITDA₹55 Cr₹42 Cr₹-21 Cr₹-41 Cr₹16 Cr₹5 Cr₹13 Cr₹-25 Cr
Net Profit₹185 Cr₹28 Cr₹-22 Cr₹-35 Cr₹13 Cr₹-16 Cr₹7 Cr₹-20 Cr
EPS—————-12.29——
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
ROCE-4.2%
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.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters31%31%31%30.7%29.9%29.9%29.9%29.9%29.9%29.9%29.9%29.8%
FIIs4.9%4.9%5%4.8%4.6%4.5%4.6%5.1%5.9%5.9%9.3%11.1%
DIIs0.1%0.1%0.1%0.1%0.1%0.4%1%1%0.9%0.8%0.8%0.8%
Public63.9%63.9%63.9%64.4%65.4%65.2%64.5%64.1%63.4%63.4%60.1%58.3%
Promoter Pledge7.6%7.6%7.6%7.7%7.9%7.9%7.9%7.9%7.9%7.9%7.9%7.9%
No. of Shareholders7,9167,4867,8068,7308,7569,2008,7039,0109,4459,6358,9078,925
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
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%5,85,026
Habrok India Master LpPublic Shareholding4%5,06,107
Radiant Global Fund-class B Participating SharesPublic Shareholding3.9%4,98,325
Bhandari RakeshShareholding of Promoter and Promoter Group2.7%3,42,319
Web Businesses.com Global Ltd.Public Shareholding2.3%2,97,599
Cassini Partners, L.p. Managed By Habrok Capital Management LlpPublic Shareholding2%2,59,720
Komalay Investrade Private LimitedPublic Shareholding1.8%2,23,389
Ritu Nagesh BhandariShareholding of Promoter and Promoter Group1.7%2,15,763
Arjun Leasing And Finance Pvt LtdPublic Shareholding1.6%2,08,368
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
Winspire Project Consultants PrivatePublic Shareholding1.4%1,72,184
Suraj Shailesh BhandariShareholding of Promoter and Promoter Group1.3%1,61,100
Patel Jayeshkumar KantilalPublic Shareholding1%1,28,000
Late Indubala BhandariShareholding of Promoter and Promoter Group0.4%51,500
Anurag Mukesh BhandariShareholding of Promoter and Promoter Group0%0
Siddharth Mukesh BhandariShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Shailesh Bhandari1,50,00017.7%2026-09-30
Mukesh Bhandari1,50,00018.5%2026-09-30
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₹3,470 Cr94%
Overseas₹222 Cr6%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10541313
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-14Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026175024380561
2026000101
2026175023334515
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]
🌐 www.electrotherm.com ↗

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

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