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Electrotherm (India) Limited
(ELECTHERM)
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Rating:49Neutral
Price Target:
₹979.00
▼(-3.03% Downside)
Action:Reiterated
Date:07/04/26
The score is held back primarily by weak financial fundamentals—especially the persistently negative equity position and volatile profitability with a return to losses. Technicals provide a meaningful offset with a strong uptrend (price above key moving averages and positive MACD), while valuation remains a concern due to the negative P/E and lack of dividend yield data.
Positive Factors
Positive cash generation
Consistently positive operating and free cash flow gives Electrotherm an internal funding source despite weak reported earnings. If sustained, this can support working capital, maintenance investment, and gradual balance-sheet repair without relying entirely on new external financing.
Negative Factors
Persistent negative equity
A persistent equity deficit materially reduces financial flexibility and leaves less balance-sheet capacity to absorb losses or fund expansion. It also indicates that future recovery may require sustained cash generation and balance-sheet repair before the company can operate from a stronger capital base.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Consistently positive operating and free cash flow gives Electrotherm an internal funding source despite weak reported earnings. If sustained, this can support working capital, maintenance investment, and gradual balance-sheet repair without relying entirely on new external financing.
Read all positive factors
Electrotherm (India) Limited (ELECTHERM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.32B
Dividend Yield0.79%
Average Volume (3M)748.00
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth-3.05%
EPS Growth-110.10%
CountryIN
Employees2,431
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)-28.63
Shares Outstanding12,742,814
10 Day Avg. Volume592
30 Day Avg. Volume748
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
Electrotherm (India) Limited primarily makes money through the sale of manufactured products and related project/services revenue across its operating segments. Key revenue streams include: (1) Electric mobility: revenue from sales of electric two...
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 | 37.71B | 36.92B | 41.15B | 42.72B | 30.74B | 28.20B |
| Gross Profit | 7.10B | 7.20B | 13.08B | 12.87B | 7.79B | 6.02B |
| EBITDA | 77.80M | 428.40M | 5.00B | 3.65B | 399.50M | 515.20M |
| Net Income | -364.80M | -156.60M | 4.42B | 3.17B | -118.20M | -402.60M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 20.13B | 19.18B | 18.41B | 17.52B | 17.45B |
| Cash, Cash Equivalents and Short-Term Investments | 914.50M | 914.50M | 723.10M | 615.40M | 744.50M | 713.10M |
| Total Debt | 0.00 | 10.64B | 12.87B | 17.70B | 19.86B | 20.87B |
| Total Liabilities | 1.54B | 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
Negative
1009.55
Price Trends
1042.93
Negative
967.60
Negative
869.54
Positive
Market Momentum
-11.99
Positive
36.52
Neutral
4.76
Positive
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 1009.55 is below the 20-day moving average (MA) of 1013.70, below the 50-day MA of 1042.93, and above the 200-day MA of 869.54, indicating a neutral trend. The MACD of -11.99 indicates Positive momentum. The RSI at 36.52 is Neutral, neither overbought nor oversold. The STOCH value of 4.76 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹22.41B | 7.28 | ― | 1.18% | -10.58% | -12.17% | |
66 Neutral | ₹32.14B | 10.63 | ― | 1.61% | 0.82% | -59.07% | |
65 Neutral | ₹186.12B | 45.40 | ― | 0.36% | -16.30% | -24.14% | |
57 Neutral | ₹49.79B | 40.77 | ― | 1.13% | -15.69% | -78.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹19.79B | 3.15 | ― | 2.18% | 7.62% | 684.82% | |
49 Neutral | ₹12.32B | -33.69 | ― | 0.79% | -3.05% | -110.10% |
* General Sector Average
IN:ELECTHERM
Electrotherm (India) Limited
964.95
10.15
1.06%
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137.50
8.55
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127.15
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451.86
19.22%
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...
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.