Electrotherm (India) Limited has submitted to the Exchange, the Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2026.

Qualified audit opinionGoing-concern doubtRevenue declinedNet loss reportedDebt to equity above the thresholdEmphasis of matterResults View source PDF Explain this filing

ELECTHERM · price

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Price reactionminutes from the announcement price · days from the prior close

-9.1%Reaction day

₹850.60

prior close

₹874.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-9.2% vs market

Iron & Steel Products peers, median of 97sector+0.7%-9.8% vs sector

On the reaction day the stock moved 9.2 pts less than Nifty Microcap 250 and 9.8 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.8

10m

-5.7

15m

-5.2

30m

-4.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-9.1+0.1-9.2+0.7-9.8

Next day

-9.9+1.7-11.6+1.6-11.6

-8.1+2.4-10.5+0.8-8.9

-8.3+2.4-10.6+1.4-9.7

-0.8+1.7-2.5+0.6-1.4

+9.0+0.6+8.4-0.3+9.3

+17.8+1.9+15.8+0.2+17.6

15d

+33.0+4.9+28.1+1.3+31.6

+24.9+8.9+15.9+3.5+21.3

+20.8+7.5+13.2-0.2+21.0

+24.0+13.6+10.4-0.2+24.3

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 97Pending

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AI summary

Electrotherm reported annual revenue of ₹3,692.09 Crores in FY26, down 10.3% from ₹4,115.37 Crores in FY25. The company swung to a net loss of ₹16.18 Crores for the year from a profit of ₹428.60 Crores in FY25. Q4 standalone profit was ₹13.36 Crores versus ₹185.45 Crores in Q4 FY25. The auditor issued a qualified opinion due to non-provision of interest on NPA loans totaling ₹149.61 Crores (year) and ₹39.20 Crores (Q4), understating liabilities by ₹1,066.12 Crores. The company has negative equity of ₹109.06 Crores, defaulted on loans to Invent ARC (₹24 Crore principal + ₹4.68 Crore interest), and has multiple legal proceedings including DRT cases, CBI/ED investigations, and income tax demands of ₹76.64 Crores.

Likely market impact

The company faces severe financial distress with negative equity, qualified audit opinion, and multiple default/going-concern indicators. Investors should be cautious as the financial statements materially understate liabilities and the company is involved in various legal/enforcement proceedings.