Electrotherm (India) share price & results
- Jun 2026
- Sept 2026
Gujarat industrial group manufacturing through Engineering & Technologies and Special Steel & Electric Vehicle divisions.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 913 | +9.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.5 | −3.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.9 | −75.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 26.29 | +48.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 6.85 | +0.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -3.05 | −6.6 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −40.2% 1Y
1Y: ₹1,020.05 on 24 Oct 2025 → ₹610.15. High ₹1,230.5 (6 Jul 2026), low ₹555.35 (30 Mar 2026).
- Previous close
- ₹622.4
- Market cap
- ₹805 Cr
- 52-week range
- ₹555.35 – ₹1,230.5
- One year
- −37.51%
- Return on equity (TTM to Jun 2026)
- 26.29%
Overview
- Symbol
- NSE:ELECTHERM
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Electrotherm (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
Electrotherm (India) Limited is an Ahmedabad-headquartered industrial manufacturer that operates through two principal divisions: Engineering & Technologies, and Special Steel & Electric Vehicle. Manufacturing is carried out at the company's works in Palodia (Gandhinagar district) and Samakhiyali (Kutch district), both in Gujarat. The company serves a large industrial customer base across India and internationally, supported by a network of company offices spanning roughly 30 towns and cities in India plus Bangladesh. It also has two steel-manufacturing subsidiaries, Hans Ispat Limited and Shree Ram Electro Cast Limited.
Segments
- Engineering & Technologies Division
- Special Steel Division & Electric Vehicle Division
- Operating divisions
- 2 (Engineering & Technologies; Special Steel & Electric Vehicle)
- Manufacturing works locations
- Palodia (Gandhinagar) and Samakhiyali (Kutch), Gujarat
- Company office network
- Offices across ~30 towns/cities in India plus Bangladesh
- Steel-manufacturing subsidiaries
- Hans Ispat Limited; Shree Ram Electro Cast Limited
- Company age
- 39 years (39th Annual Report, FY2024-25)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −75% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 814 | 1,081 | 1,161 | 834 | 814 | 904 | 1,140 | 913 |
| Expenses | 746 | 974 | 1,097 | 782 | 826 | 934 | 1,115 | 891 |
| Operating profit | 67 | 107 | 64 | 52 | -12 | -31 | 25 | 22 |
| Operating margin | 8.3% | 9.9% | 5.5% | 6.2% | −1.5% | −3.4% | 2.1% | 2.5% |
| Other income | 15 | 3 | 109 | 1 | 1 | 0 | 8 | 2 |
| Interest | 12 | 12 | 8 | 8 | 7 | 5 | 4 | 4 |
| Depreciation | 11 | 11 | 12 | 11 | 11 | 11 | 11 | 11 |
| Profit before tax | 59 | 88 | 153 | 34 | -28 | -46 | 18 | 9 |
| Tax rate | 0.0% | 0.0% | −21.0% | 18.0% | −23.9% | −23.3% | 24.0% | 21.9% |
| Net profit | 59 | 88 | 186 | 28 | -22 | -35 | 14 | 7 |
| EPS (₹ per share) | 46.67 | 69.33 | 145.57 | 21.78 | -16.97 | -27.80 | 10.70 | 5.44 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 3,074 | 4,272 | 4,115 | 3,692 |
| Expenses | 2,940 | 3,852 | 3,744 | 3,659 |
| Operating profit | 134 | 419 | 372 | 33 |
| Other income | -29 | 5 | 128 | 11 |
| Interest | 67 | 60 | 46 | 24 |
| Depreciation | 48 | 47 | 44 | 43 |
| Profit before tax | -12 | 317 | 410 | -23 |
| Net profit | -12 | 317 | 442 | -16 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | -1,095 | -1,109 | -794 | -172 | -167 | -167 |
| Borrowings | 2,087 | 1,986 | 1,770 | 1,287 | 1,170 | 1,064 |
| Other liabilities | 741 | 862 | 852 | 790 | 958 | 1,103 |
| Total liabilities | 1,745 | 1,752 | 1,841 | 1,918 | 1,974 | 2,013 |
| Fixed assets | 698 | 638 | 613 | 601 | 614 | 626 |
| Capital work in progress | 33 | 26 | 44 | 98 | 114 | 138 |
| Investments | 8 | 8 | 8 | 8 | 8 | 8 |
| Other assets | 1,007 | 1,081 | 1,177 | 1,212 | 1,238 | 1,240 |
| Total assets | 1,745 | 1,752 | 1,841 | 1,918 | 1,974 | 2,013 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 225 | 179 | 107 | 351 | 329 | 351 |
| Cash from investing | -62 | -14 | -2 | -68 | -72 | -99 |
| Cash from financing | -104 | -189 | -103 | -294 | -303 | -227 |
| Net cash flow | 58 | -24 | 2 | -11 | -46 | 25 |
| Free cash flow | 184 | 139 | 90 | 283 | 273 | 253 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 40 | 22 | 25 | 19 | 23 | 26 |
| Inventory days | 110 | 96 | 91 | 76 | 77 | 77 |
| Days payable | 93 | 68 | 60 | 52 | 59 | 65 |
| Cash conversion cycle | 58 | 50 | 56 | 42 | 40 | 38 |
| Working capital days | -142 | -202 | -192 | -81 | -57 | -108 |
| Return on capital employed | 9.0% | 0.0% | 10.0% | 40.0% | 32.0% | 0.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Special Steel Division contributes 67.9% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Special Steel Division 67.9%
₹624.66 crore
- Engineering & Technologies Division 31.3%
₹288.25 crore
- Electric Vehicle Division 0.8%
₹7.71 crore
- Others 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Special Steel Division | 624.66 | 67.9% |
| Engineering & Technologies Division | 288.25 | 31.3% |
| Electric Vehicle Division | 7.71 | 0.8% |
| Others | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹920.62 crore
- Intersegment adjustment
- ₹7.24 crore
- Net segment revenue
- ₹913.38 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Special Steel Division shrank from 75% to 68% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Special Steel Division | 75% | 69% | 70% | 73% | 63% | 68% | 63% | 68% | +2.3% |
| Engineering & Technologies Division | 25% | 30% | 30% | 26% | 36% | 32% | 36% | 31% | +31.2% |
| Electric Vehicle Division | <1% | — | <1% | 1% | — | — | 1% | 1% | +5.8% |
| Others | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Public hold 58.26% as of Sept 2026; institutions added 1.86 pts since Jun 2026.
- Promoters 29.83%
- Foreign institutions 11.14%
- Domestic institutions 0.78%
- Public 58.26%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- FPI fund +2.50 pp 3.91% held
- FPI fund +0.76 pp 2.04% held
- FPI fund +0.71 pp 3.97% held
- +0.62 pp 1.26% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Electrotherm (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 7.85% | unchanged | |
| 7.85% | unchanged | |
| 7.65% | unchanged | |
| 6.66% | unchanged | |
| 6.35% | unchanged | |
| 4.59% | unchanged | |
| FPI fund | 3.97% | +0.71 pp |
| FPI fund | 3.91% | +2.50 pp |
| 2.69% | −0.66 pp | |
| 2.34% | unchanged | |
| FPI fund | 2.04% | +0.76 pp |
| 1.75% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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