Electrotherm (India) Limited (ELECTHERM) AI Stock Analysis

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Electrotherm (India) Limited

(NSE:ELECTHERM)

Select Model

Rating:47Neutral

Price Target:INR 662.00▲(3.38% Upside)

Action:reiterated

Date:11/07/26

The overall score of 47 reflects significant profitability and momentum challenges. The primary risks are negative earnings, a severe technical downtrend, and lingering negative equity. These factors are only partially offset by the company's standout operational cash flow and successful multi-year deleveraging efforts.

Positive Factors

Cash GenerationPositive operating cash flow in every year, rising to roughly 3.3B by FY2024–FY2026, and stronger FY2026 free cash flow provide internally generated support. This can help fund operations and reduce reliance on outside capital, although debt coverage remains limited.

Negative Factors

Negative Equity and DebtPersistent negative equity and sizable debt materially weaken financial flexibility and leave the company more dependent on lenders. This capital structure increases downside risk in a cyclical steel environment and makes balance-sheet repair a continuing business priority.

Electrotherm (India) Limited (ELECTHERM) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 8.19B
Dividend Yield: ―
Average Volume (3M): 1,567
Price to Earnings (P/E): -23.4
Beta (1Y): 1.54
Revenue Growth: -0.54%
EPS Growth: -112.44%
Country: India
Employees: 2,824
Sector: General
Sector Strength: 55
Industry: Steel

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 ene...

Electrotherm (India) Limited Financial Statement Overview

Summary

A mixed financial profile hampered by recent revenue declines, returning net losses, and persistently negative equity. However, robust and consistent cash flow generation has enabled significant debt reduction, providing a crucial safety net.

Income Statement

35Negative

Balance Sheet

45Neutral

Cash Flow

85Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	38.70B	36.92B	41.15B	42.72B	30.74B	28.20B
Gross Profit	7.30B	7.20B	13.08B	12.87B	7.79B	6.02B
EBITDA	41.50M	428.40M	5.00B	3.65B	399.50M	515.20M
Net Income	-348.30M	-156.60M	4.42B	3.17B	-118.20M	-402.60M
Balance Sheet
Total Assets	21.86B	20.13B	19.18B	18.41B	17.52B	17.45B
Cash, Cash Equivalents and Short-Term Investments	984.90M	914.50M	723.10M	615.40M	744.50M	713.10M
Total Debt	10.51B	10.64B	12.87B	17.70B	19.86B	20.87B
Total Liabilities	23.43B	21.67B	20.77B	26.22B	28.48B	28.27B
Stockholders Equity	-1.57B	-1.54B	-1.59B	-7.81B	-10.96B	-10.82B
Cash Flow
Free Cash Flow	0	2.32B	2.40B	2.83B	895.90M	1.39B
Operating Cash Flow	0	3.30B	3.29B	3.51B	1.07B	1.79B
Investing Cash Flow	0	-1.04B	-721.70M	-678.70M	-24.80M	-140.60M
Financing Cash Flow	0	-2.01B	-3.03B	-2.94B	-1.03B	-1.89B

Electrotherm (India) Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price640.35

Price Trends

50DMA773.66Negative

100DMA915.33Negative

200DMA843.53Negative

Market Momentum

MACD-35.33Negative

RSI42.72Neutral

STOCH55.13Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ELECTHERM, the sentiment is Negative. The current price of 640.35 is above the 20-day moving average (MA) of 635.28, below the 50-day MA of 773.66, and below the 200-day MA of 843.53, indicating a neutral trend. The MACD of -35.33 indicates Negative momentum. The RSI at 42.72 is Neutral, neither overbought nor oversold. The STOCH value of 55.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ELECTHERM.

Electrotherm (India) Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ELECTHERM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:RATNAMANI	75Outperform	INR 175.33B	43.54	―	0.40%	-16.84%	-34.34%
IN:MAITHANALL	68Neutral	INR 24.72B	8.43	―	2.01%	0.82%	-59.07%
IN:PRAKASH	67Neutral	INR 21.13B	6.79	―	1.52%	-10.58%	-12.16%
IN:ELECTCAST	62Neutral	INR 44.32B	36.20	―	1.27%	-15.69%	-78.92%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:MUKANDLTD	52Neutral	INR 21.28B	3.19	―	2.15%	7.62%	684.82%
IN:ELECTHERM	47Neutral	INR 8.30B	-23.41	―	―	-0.54%	-112.44%

* General Sector Average

Performance Comparison

IN:ELECTHERM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ELECTHERM	Electrotherm (India) Limited	640.35	-248.75	-27.98%
IN:ELECTCAST	Electrosteel Castings Ltd.	70.98	-8.01	-10.14%
IN:MAITHANALL	Maithan Alloys Ltd.	844.60	-163.82	-16.24%
IN:MUKANDLTD	Mukand Limited	139.85	8.31	6.32%
IN:PRAKASH	Prakash Industries Limited	118.60	-23.03	-16.26%
IN:RATNAMANI	Ratnamani Metals & Tubes Ltd.	2486.90	50.98	2.09%

Electrotherm (India) Limited Corporate Events

Electrotherm Publishes Q1 FY27 Unaudited Results in Financial Express

Aug 15, 2026

Electrotherm (India) Limited has notified stock exchanges that it has published its unaudited financial results for the quarter ended June 30, 2026 in the Financial Express, in both English and Gujarati editions. The communication, made under SEBI’s...

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.

Date of analysis: Nov 06, 2026

Electrotherm (India) Limited AI Stock Analysis