About
Electrotherm (India) Limited, an engineering and steel company, provides steel melting solutions worldwide. It operates through Engineering & Technologies, Special Steel, Electric Vehicle, and Others segments. The company designs and manufactures steel plants equipment, foundries, induction heating, and hardening equipment for heat treatment. It also engages in the manufacture of TMT bars and ductile iron pipes, including blast furnaces, sponge iron kilns, induction furnaces, rolling mills, ladle refining furnace, and pipe making facilities. In addition, the company provides solar photovoltaic rooftop and ground-mounted solutions to industrial and commercial sectors. Further, it offers induction furnace, casting machines, transformers, sponge and pig iron, ferrous and non-ferrous billets/bars/ingots, duct iron pipes, transmission line towers, and battery operated vehicles; and services related to steel melting and other capital equipment. The company was founded in 1983 and is headquartered in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap1,250 Cr
P/E—
Div Yield0.00 %
Book Value₹-121.00
52w High₹1,278.00
52w Low₹550.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 913.38 | 1,139.99 | 903.79 | 814.26 | 834.05 | 1,161.08 | 1,081.23 | 813.68 | 1,059.38 | 1,217.57 | 1,137.33 | 985.15 | 931.45 |
| Expenses | 890.98 | 1,115.49 | 934.43 | 826.39 | 782.29 | 1,096.62 | 973.75 | 746.36 | 927.13 | 1,086.71 | 1,011.37 | 894.38 | 859.55 |
| Operating Profit | 22.40 | 24.50 | -30.64 | -12.13 | 51.76 | 64.46 | 107.48 | 67.32 | 132.25 | 130.86 | 125.96 | 90.77 | 71.90 |
| OPM % | 2.45 | 2.15 | -3.39 | -1.49 | 6.21 | 5.55 | 9.94 | 8.27 | 12.48 | 10.75 | 11.08 | 9.21 | 7.72 |
| Other Income | 1.51 | 8.25 | 0.39 | 1.35 | 0.77 | 109.18 | 3.46 | 14.64 | 0.88 | 1.73 | 0.33 | 2.13 | 0.46 |
| Depreciation | 11.13 | 11.05 | 11.12 | 10.53 | 10.58 | 12.16 | 10.68 | 10.95 | 10.60 | 10.97 | 11.66 | 12.06 | 12.01 |
| Interest | 3.97 | 3.85 | 4.91 | 7.18 | 8.19 | 8.18 | 11.99 | 11.60 | 13.75 | 17.61 | 7.55 | 13.32 | 21.66 |
| Profit before tax | 8.81 | 17.85 | -46.28 | -28.49 | 33.76 | 153.30 | 88.27 | 59.41 | 108.78 | 104.01 | 107.08 | 67.52 | 38.69 |
| Tax % | 21.91 | 23.98 | -23.31 | -23.90 | 17.98 | -20.97 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 6.93 | 13.63 | -35.42 | -21.62 | 27.75 | 185.50 | 88.34 | 59.47 | 108.84 | 104.03 | 107.08 | 67.53 | 38.69 |
| EPS in Rs | 5.44 | 10.70 | -27.80 | -16.97 | 21.78 | 145.57 | 69.33 | 46.67 | 85.41 | 81.64 | 84.03 | 52.99 | 30.36 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,692.00 | 4,115.00 | 4,272.00 | 3,074.00 | 2,831.00 | 2,518.00 | 3,212.00 | 4,040.00 | 2,927.00 | 2,259.00 | 2,101.00 | 2,048.00 |
| Expenses | 3,649.00 | 3,744.00 | 3,852.00 | 2,940.00 | 2,745.00 | 2,298.00 | 3,083.00 | 3,737.00 | 2,779.00 | 2,198.00 | 2,133.00 | 2,362.00 |
| Operating Profit | 43.00 | 372.00 | 419.00 | 134.00 | 86.00 | 220.00 | 129.00 | 303.00 | 149.00 | 61.00 | -32.00 | -314.00 |
| OPM % | 1.20 | 9.00 | 10.00 | 4.40 | 3.00 | 9.00 | 4.00 | 8.00 | 5.00 | 2.70 | -1.50 | -15.00 |
| Other Income | 1.00 | 128.00 | 5.00 | -30.00 | 7.00 | 4.00 | 49.00 | 20.00 | 9.00 | 1.00 | 8.00 | 3.00 |
| Interest | 24.00 | 46.00 | 60.00 | 67.00 | 45.00 | 54.00 | 19.00 | 38.00 | 5.00 | 4.00 | 1.00 | 10.00 |
| Depreciation | 43.00 | 44.00 | 47.00 | 49.00 | 88.00 | 121.00 | 134.00 | 143.00 | 149.00 | 148.00 | 154.00 | 159.00 |
| Profit before tax | -23.00 | 410.00 | 317.00 | -12.00 | -40.00 | 49.00 | 24.00 | 142.00 | 3.00 | -91.00 | -180.00 | -481.00 |
| Tax % | -31.00 | -8.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -16.00 | 442.00 | 317.00 | -12.00 | -40.00 | 49.00 | 24.00 | 142.00 | 3.00 | -91.00 | -180.00 | -480.00 |
| EPS in Rs | -12.29 | 346.98 | 249.03 | -9.28 | -31.67 | 38.84 | 18.91 | 111.32 | 2.32 | -71.62 | -156.72 | -416.71 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 11.00 | 11.00 |
| Reserves | -167.00 | -172.00 | -794.00 | -1,109.00 | -1,095.00 | -1,055.00 | -1,106.00 | -1,235.00 | -1,375.00 | -1,379.00 | -1,265.00 | -1,085.00 |
| Borrowings | 1,064.00 | 1,287.00 | 1,770.00 | 1,986.00 | 2,087.00 | 2,234.00 | 2,294.00 | 2,616.00 | 2,851.00 | 3,073.00 | 3,186.00 | 3,197.00 |
| Other Liabilities | 1,103.00 | 790.00 | 852.00 | 862.00 | 741.00 | 705.00 | 720.00 | 775.00 | 671.00 | 512.00 | 368.00 | 354.00 |
| Total Liabilities | 2,013.00 | 1,918.00 | 1,841.00 | 1,752.00 | 1,745.00 | 1,897.00 | 1,920.00 | 2,169.00 | 2,160.00 | 2,219.00 | 2,300.00 | 2,477.00 |
| Fixed Assets | 626.00 | 601.00 | 613.00 | 638.00 | 698.00 | 738.00 | 825.00 | 949.00 | 1,027.00 | 1,118.00 | 1,321.00 | 1,457.00 |
| CWIP | 138.00 | 98.00 | 44.00 | 26.00 | 33.00 | 27.00 | 28.00 | 29.00 | 17.00 | 22.00 | 21.00 | 21.00 |
| Investments | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 2.00 | 0.00 |
| Other Assets | 1,240.00 | 1,212.00 | 1,177.00 | 1,081.00 | 1,007.00 | 1,124.00 | 1,060.00 | 1,184.00 | 1,108.00 | 1,073.00 | 957.00 | 998.00 |
| Total Assets | 2,013.00 | 1,918.00 | 1,841.00 | 1,752.00 | 1,745.00 | 1,897.00 | 1,920.00 | 2,169.00 | 2,160.00 | 2,219.00 | 2,300.00 | 2,477.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 351.00 | 329.00 | 351.00 | 107.00 | 179.00 | 225.00 | 181.00 | 344.00 | 161.00 | 58.00 | 52.00 | 72.00 |
| Cash from Investing Activity | -99.00 | -72.00 | -68.00 | -2.00 | -14.00 | -62.00 | 5.00 | -67.00 | -46.00 | -25.00 | -42.00 | -5.00 |
| Cash from Financing Activity | -227.00 | -303.00 | -294.00 | -103.00 | -189.00 | -104.00 | -203.00 | -262.00 | -106.00 | -52.00 | -12.00 | -46.00 |
| Net Cash Flow | 25.00 | -46.00 | -11.00 | 2.00 | -24.00 | 58.00 | -17.00 | 15.00 | 9.00 | -19.00 | -1.00 | 21.00 |
| Free Cash Flow | 253.00 | 273.00 | 283.00 | 90.00 | 139.00 | 184.00 | 168.00 | 266.00 | 111.00 | 26.00 | 35.00 | 63.00 |
| CFO/OP % | 819.00 | 89.00 | 85.00 | 81.00 | 210.00 | 102.00 | 140.00 | 114.00 | 109.00 | 97.00 | -166.00 | -23.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26.00 | 23.00 | 19.00 | 25.00 | 22.00 | 40.00 | 36.00 | 30.00 | 46.00 | 49.00 | 46.00 | 57.00 |
| Inventory Days | 77.00 | 77.00 | 76.00 | 91.00 | 96.00 | 110.00 | 78.00 | 70.00 | 78.00 | 86.00 | 68.00 | 73.00 |
| Days Payable | 65.00 | 60.00 | 52.00 | 60.00 | 68.00 | 93.00 | 72.00 | 60.00 | 82.00 | 90.00 | 66.00 | 47.00 |
| Cash Conversion Cycle | 38.00 | 40.00 | 42.00 | 56.00 | 50.00 | 58.00 | 43.00 | 41.00 | 41.00 | 46.00 | 48.00 | 83.00 |
| Working Capital Days | -108.00 | -57.00 | -81.00 | -192.00 | -202.00 | -142.00 | -87.00 | -80.00 | -113.00 | -127.00 | -165.00 | -245.00 |
| ROCE % | 0.00 | 32.00 | 40.00 | 10.00 | 0.00 | 9.00 | 2.00 | 13.00 | 1.00 | -4.00 | -9.00 | -20.00 |
Corporate Actions
10 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 23 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 24 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 23 Dec 2013 | — | — | — | Annual General Meeting |
| Other | 20 Dec 2012 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2011 | — | — | — | Annual General Meeting |
| Dividend | 16 Sep 2010 | — | — | 2.50 | |
| Dividend | 03 Sep 2009 | — | — | 2.50 | |
| Dividend | 12 Jun 2008 | — | — | 2.50 | |
| Other | 03 Sep 1997 | — | — | — | Agm (Start/End Date Revised) |
| Dividend | 11 Sep 1996 | — | — | 0.75 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update20 May 2011 from crisil