Electrotherm (India) Limited (IN:ELECTHERM)
:ELECTHERM
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Electrotherm (India) Limited
(ELECTHERM)
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Rating:51Neutral
Price Target:
₹1,150.00
▲(24.93% Upside)
Action:Reiterated
Date:06/11/26
The score is held down primarily by weak financial quality—especially persistent negative equity with meaningful debt and a return to losses in FY2026—despite improving and consistently positive operating/free cash flow. Technicals are a key offset, showing a strong uptrend with positive momentum, while valuation remains unattractive due to the negative P/E.
Positive Factors
Consistent cash generation
Operating cash flow has been positive across the period and free cash flow rose strongly in FY2026. This durable internal cash generation provides funding for working capital and capex, supports ongoing operations and gives the company scope to stabilize liquidity and pursue gradual deleveraging if sustained.
Negative Factors
Persistent negative equity
A persistent shareholders’ equity deficit materially weakens financial flexibility and heightens creditor and restructuring risk. In a cyclical heavy‑industry environment, negative equity limits access to traditional capital, reduces headroom for losses, and can force urgent balance‑sheet repair or creditor concessions.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent cash generation
Operating cash flow has been positive across the period and free cash flow rose strongly in FY2026. This durable internal cash generation provides funding for working capital and capex, supports ongoing operations and gives the company scope to stabilize liquidity and pursue gradual deleveraging if sustained.
Read all positive factors
Electrotherm (India) Limited (ELECTHERM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹14.53B
Dividend YieldN/A
Average Volume (3M)2.70K
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue Growth-10.29%
EPS Growth-103.54%
CountryIN
Employees2,431
SectorIndustrials
Sector Strength72
IndustrySteel
Share Statistics
EPS (TTM)219.75
Shares Outstanding12,742,814
10 Day Avg. Volume1,572
30 Day Avg. Volume2,704
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)-4.60
Price to Sales (P/S)0.19
P/FCF Ratio3.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Electrotherm (India) Limited Business Overview & Revenue Model
Company Description
Founded in 1983 and headquartered in Ahmedabad, India, Electrotherm (India) Limited is a company with both domestic and international reach, engaged in the production and sale of a wide array of industrial machinery, steel products, and renewable ...
How the Company Makes Money
null...
Electrotherm (India) Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
12
Very Negative
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.91B | 36.92B | 41.15B | 42.72B | 30.74B | 28.20B |
| Gross Profit | 9.97B | 7.20B | 13.08B | 12.87B | 7.79B | 6.02B |
| EBITDA | 2.16B | 428.40M | 5.00B | 3.65B | 399.50M | 515.20M |
| Net Income | 2.80B | -156.60M | 4.42B | 3.17B | -118.20M | -402.60M |
Balance Sheet | ||||||
| Total Assets | 19.74B | 20.13B | 19.18B | 18.41B | 17.52B | 17.45B |
| Cash, Cash Equivalents and Short-Term Investments | 788.70M | 914.50M | 723.10M | 615.40M | 744.50M | 713.10M |
| Total Debt | 11.70B | 10.64B | 12.87B | 17.70B | 19.86B | 20.87B |
| Total Liabilities | 21.28B | 21.67B | 20.77B | 26.22B | 28.48B | 28.27B |
| Stockholders Equity | -1.54B | -1.54B | -1.59B | -7.81B | -10.96B | -10.82B |
Cash Flow | ||||||
| Free Cash Flow | 1.39B | 2.32B | 2.40B | 2.83B | 895.90M | 1.39B |
| Operating Cash Flow | 1.67B | 3.30B | 3.29B | 3.51B | 1.07B | 1.79B |
| Investing Cash Flow | -205.90M | -1.04B | -721.70M | -678.70M | -24.80M | -140.60M |
| Financing Cash Flow | -1.36B | -2.01B | -3.03B | -2.94B | -1.03B | -1.89B |
Electrotherm (India) Limited Technical Analysis
Positive
920.55
Price Trends
820.71
Positive
767.05
Positive
851.29
Positive
Market Momentum
102.24
Negative
66.51
Neutral
79.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ELECTHERM, the sentiment is Positive. The current price of 920.55 is below the 20-day moving average (MA) of 943.64, above the 50-day MA of 820.71, and above the 200-day MA of 851.29, indicating a bullish trend. The MACD of 102.24 indicates Negative momentum. The RSI at 66.51 is Neutral, neither overbought nor oversold. The STOCH value of 79.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ELECTHERM.
Electrotherm (India) Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹16.44B | 14.40 | ― | 0.95% | -3.98% | 9.20% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | ₹6.90B | 51.46 | ― | ― | 8.37% | 271.75% | |
56 Neutral | ₹12.86B | 107.10 | ― | 0.42% | -8.22% | 3.58% | |
54 Neutral | ₹8.66B | 29.06 | ― | 0.87% | -19.34% | -49.87% | |
51 Neutral | ₹14.53B | -91.09 | ― | ― | -10.29% | -103.54% | |
50 Neutral | ₹10.95B | 51.80 | ― | 0.74% | -2.00% | -48.06% |
* Industrials Sector Average
IN:ELECTHERM
Electrotherm (India) Limited
1,117.40
-56.00
-4.77%
IN:GNA
GNA Axles Ltd
392.20
79.92
25.59%
IN:HITECHGEAR
Hi-Tech Gears Limited
561.85
-193.02
-25.57%
IN:KECL
Kirloskar Electric Co. Ltd.
102.60
-33.05
-24.36%
IN:RIIL
Reliance Industrial Infrastructure Limited
875.20
-76.61
-8.05%
IN:STERTOOLS
Sterling Tools Limited
235.35
-120.97
-33.95%
Electrotherm (India) Limited Corporate Events
Electrotherm publishes FY26 audited results in Financial Express as per SEBI norms
May 22, 2026
Electrotherm (India) Limited has notified stock exchanges that it has published its audited financial results for the quarter and full year ended 31 March 2026 in the Financial Express, in both English and Gujarati editions, in compliance with SEB...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.