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Megatherm Induction share price & results

Megatherm Induction Limited· Capital Goods· Industrials

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Kolkata-based manufacturer of induction heating/melting equipment and transformers for steel, foundry and renewable-energy customers, exported to 50+ countries.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue187 ₹ crore+8.1% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin9.0 %−3.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit12.0 ₹ crore0.0% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable+0.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-3.37 %−2.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable+2.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

0 of 2 judged targets kept · 9 open · verdicts reflect calls analysed to Q4 FY26.

Megatherm Induction Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (0 achieved, 2 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
FY26 Revenue₹60 to ₹80 odd crores additional compared to current financial year (Implied ₹360-380 crores)
Call transcript, Q4 FY25 · 3 Jun 2025		Q4 FY25Q4 FY26:Achieved approx. ₹350 crores revenue for FY26. This is below the original guidance of ₹360-380 crores, but above the revised guidance of ₹330 crores. Management attributes the miss from higher targets to war-related export delays.
Call transcript, Q4 FY26 · 2 Jun 2026		Missed
Bottom Line MarginIncrease to 9% within a couple of years
Call transcript, Q4 FY25 · 3 Jun 2025		Q4 FY25Q4 FY26:Clarified that underlying EBITDA margin is 14-15%, suppressed to 10-12% by growth investments. Guided for 15% EBITDA margin in steady state (at ₹500-600 cr revenue), an upward revision from the previous 9-10% bottom line target.
Call transcript, Q4 FY26 · 2 Jun 2026		Revised Up
Revenue₹500 crores revenue within two years
Call transcript, Q4 FY25 · 3 Jun 2025		Q4 FY25Q4 FY26:Reiterated target of ₹500-600 crores revenue in a couple of years, contingent on having four factories in place.
Call transcript, Q4 FY26 · 2 Jun 2026		On Track

Source: Inve Guidance Tracker for Megatherm Induction Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Megatherm Induction Limited's 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹227.55 −0.81% · −₹1.85

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −14.9% 1Y

₹200₹250Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 12 Nov 2025Q4 FY26 — 2 Jun 2026

1Y: ₹267.25 on 24 Oct 2025 → ₹227.55. High ₹287.75 (29 Apr 2026), low ₹171.65 (30 Mar 2026).

Previous close
₹229.4
Market cap
₹424 Cr
52-week range
₹171.65 – ₹287.75
One year
−12.46%
Price to earnings (FY ending Mar 2026)
17.26×
Return on equity (FY ending Mar 2026)
16.01%

Overview

Symbol
NSE:MEGATHERM
Industry
Industrials
Exchange
NSE
Currency
INR

What Megatherm Induction Limited does

Based on the company's own presentations, annual report and earnings calls.

Megatherm Induction Limited designs, engineers and manufactures induction melting and heating equipment (furnaces, billet heaters, hardening systems, power sources) along with allied plant equipment such as ladle refining furnaces, electric arc furnaces, continuous casting machines, rail hardening machines and fume extraction systems, primarily for primary and secondary steel producers, auto ancillaries, DI pipe makers, ordnance factories and railways. It has more recently entered transformer manufacturing (converter-duty, inverter-duty/solar, arc-furnace, distribution and power transformers) at a new Kharagpur facility targeting renewable-energy customers. The company also offers turnkey steel-melt-shop solutions (design, engineering, supply, erection and commissioning) and an after-sales/spares and maintenance-contracts business.

Segments

  • Induction heating & melting products
  • Transformers
  • Allied products
  • Services & spares
Installations
3,000+ across 50+ countries
New transformer facility capacity
2,000 MVA (expandable to 3,000 MVA with minimal investment)
Manufacturing complex area
3,92,040 sq. ft. (Kharagpur, West Bengal)
R&D/production site area
8 acres (Vidyasagar Industrial Park, Kharagpur)
Employees on payroll
305
Inverter Duty Transformer (IDT) range
5 MVA to 40 MVA
Founded 1989Headquarters Kolkata, West Bengal, IndiaEmployees 305 (FY25) Company website

How the price took the results

close before → close after

Q4 FY26
+6.0%
2 Jun
Q2 FY26
+2.5%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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