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Companies›Industrials›Capital Goods›Industrial Products
NSE:ELECTHERM

ELECTROTHERM (I) LTD.

Capital Goods › Industrial Products
₹614.10
at close · 28 Oct 2026
▲ 7.60 (+1.25%)
ThemesElectric Vehicles· core

Latest filings

Next results: Wed, 4 Nov · Financial Results
  1. Board to approve September 2026 quarterly and half-year results · Results
  2. Routine dematerialisation compliance certificate for Q2 FY27 · Compliance
  3. 40th AGM voting results: all 13 resolutions passed with requisite majority · Board & Shareholder Meetings
All filings ↓
Ask Nexa about ELECTROTHERM (I) LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates in iron and steel products through three divisions. FY26 consolidated revenue was Rs 3,692.09 crore with a net loss of Rs 15.66 crore and EBITDA margin of 1.20%. Materials account for 72.6% of revenue, making it the dominant cost. The auditor issued a qualified opinion because Rs 1,066.12 crore of interest on NPA loans (standalone) was not provided for. The company carries negative standalone equity of Rs 109.06 crore, total financial debt of Rs 1,000.21 crore as of March 2026, and defaulted on Rs 24 crore of principal and Rs 4.68 crore of interest to Invent ARC.

Operating scale
Special Steel Division revenue
Rs 2,465.65 crFY26
Engineering & Technologies Division revenue
Rs 1,208.94 crFY26
Electric Vehicle Division revenue
Rs 39.6 crFY26
Materials share of revenue
72.6%FY26
Total assets
Rs 2,012.68 crFY26
Total financial debt
Rs 1,000.21 crMarch 2026
Who pays it
Industrial buyers per Iron & Steel Products industry classification
Biggest cost
Raw materials, at 72.6% of revenue (FY26)
Kind of business
Asset-heavy iron and steel manufacturer with negative equity and loan defaults
Where it sits
Listed on NSE and BSE; classified under Capital Goods, Industrial Products, Iron & Steel Products
Market Cap
₹782 Cr
P / E (TTM)
—
EV / EBITDA
115.7×
Div Yield
—
Growth
8.0%▲
Revenue 5y CAGR
PAT — · EBITDA -27.7%
Quality
-0.9%·
ROCE (5y median)
ROE n/m · margin 1.2%
Leverage
n/m·
Debt / Equity · negative net worth
Net debt ₹1,026 Cr
Revenue FY21→FY26
1.5×▲
Margin −2.4 pts
₹2,518 Cr → ₹3,692 Cr
Cash conversion
1.90×▲
Operating cash ÷ profit · 5 yrs
₹1,318 Cr on ₹692 Cr
Moves on a normal day
1.96%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
ROCE#10/115
EBITDA margin#91/100
Revenue growth#55/97
Profit growth#93/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹692 Cr of profit and ₹1,318 Cr of operating cash — 1.90×
Profit is converting into cash
Concerns
Negative returns on capital — −0.9% (5-year median)
#10 of 115 in Iron & Steel Products on the latest reported figures · up from −783.4% in FY21
Negative net worth — liabilities exceed assets by ₹154 Cr (FY26)
Debt-to-equity and return on equity are not meaningful below zero equity

Charts

How has the market priced it — with filings on the timeline?

ELECTHERM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ELECTROTHERM (I) LTD.'s filed financials and exchange disclosures

What does ELECTROTHERM (I) LTD. do?

ELECTROTHERM (I) LTD. is a Industrial Products company listed on NSE and BSE, trading under the symbol ELECTHERM.

Is ELECTROTHERM (I) LTD. profitable?

No. Over the trailing twelve months ELECTROTHERM (I) LTD. reported a net loss of ₹36 Cr on revenue of ₹3,771 Cr.

Does ELECTROTHERM (I) LTD. pay a dividend?

Not in the latest reported year — ELECTROTHERM (I) LTD.'s dividend payout for FY26 was nil.

Is ELECTROTHERM (I) LTD. debt-free?

No. It reported borrowings of ₹1,060 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1,026 Cr after cash. Its net worth is negative — liabilities exceed assets by ₹154 Cr, so a debt-to-equity ratio is not meaningful.

How much does the ELECTROTHERM (I) LTD. share price move in a day?

On a typical session ELECTROTHERM (I) LTD. moves 1.96% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are ELECTROTHERM (I) LTD.'s next results?

Financial Results on Wed, 4 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track ELECTROTHERM (I) LTD.'s announcements?

Every NSE and BSE filing by ELECTROTHERM (I) LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.