Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Sep - Newspaper Publication for Notice of 40th Annual General Meeting
Source: Bse
Electrotherm (India) Limited (ELECTHERM)
Small CapIndustrials stocks · Small cap · NSE
Electrotherm (India) Limited operates in Steel & Engineering, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹662
-35.05 · -5.03%
Market cap ₹895 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result14 Aug, 03:39 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage11/14 · 79%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
40NeutralSMA20 -22.8% / mo · RSI oversold · MACD −
Stock trend: 33
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ELECTHERMD candles · FIT view-8.4%Latest close ₹662.00 on 2026-10-19
Bar
-8.0%
RSI
23
MACD hist
-0.24
52W pos
15%
2026-10-19O ₹719.40H ₹719.40L ₹652.60C ₹662.00Vol 10,713 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ELECTHERMNifty India ManufacturingNifty 500
- ELECTHERM
- -38.0%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -32.5 pp
Chart stats
19 Oct 2026- From 52W high
- -48.2%
- 52W range position
- 15%
- ATR (14)
- 6.4%
- Volume vs 20D
- 0.55x
- Avg traded value
- ₹1.5 Cr
- 20D price channel
- ₹652.6 - ₹943
₹1,277
₹551 - ₹1,277
₹42.4
Latest completed session
20-session average
49.3% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED30
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +9.5% · PAT -75.0% YoY
Technical
Neutral40
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence61
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -75% YoY · margin compression · Rev +10% YoY
Filed 14 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹913.4 Cr | +9.5% | -19.9% |
| EBITDA | ₹22.4 Cr | -56.7% | -8.6% |
| Operating margin | 2.5% | -376 bps | +30 bps |
| PAT | ₹6.9 Cr | -75.0% | -49.2% |
| PAT margin | 0.8% | -257 bps | -44 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- —
- EV/EBITDA
- 40.81
- Market Cap
- 895.00Cr
Profitability
- ROE
- —
- ROCE
- 0.45%
- ROA
- -1.96%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 8.00%
- EPS 5Y
- 40.00%
- Revenue 3Y
- 6.00%
- EPS 3Y
- 71.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 0.20×
- Altman Z
- 2.20
- Book Value
- -121.00
Cash Flow
- FCF Yield
- 28.16%
- FCF Positive Y
- 12/5
- OCF
- 351.00 Cr
- EPS TTM
- -28.63
Shareholding
- Promoter Hold
- 29.86%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 21%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 3,771+2.1% vs prev
Net Profit
₹ CrLatest: -16.0-103.6% vs prev
Return on Equity
%No data
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 23. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~29.5% over last month) — short-term momentum negative.
- RSI(14) at 23 — oversold zone; bounce conditions.
- MACD below signal but histogram contracting — bearish momentum easing.
- 48% off 52W high · 20% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
17
RS percentile
Stage 1 Base / Transition
1M return
-28.5%
3M return
-38.0%
6M return
-13.6%
1Y return
-32.8%
RS 1D
-5
RS 20D
-47
Sector rank
#2
Industry rank
#19
Stage evidence
- Price is 26.0% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +1.5% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 66.52-4.05%
RS vs Nifty 50067
Valuation & peers
U-Score 30 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 30 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth13/25
Quality0/20
Balance Sheet4/15
Cash Flow8/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
30
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
30/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 28.2%.
- Cash flow contributes 8/10 to the score.
- Growth contributes 13/25 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Balance sheet is weaker at 4/15; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
—
PB
—
EV/EBITDA
40.8
ROE
—
ROCE
0.5%
FCF Yield
28.2%
Debt/Equity
0.0
MoS
—
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
30
Previous: 30
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
30
30
30
30
30
30
30
30
30
30
30
30
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
39.3
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MAMATA
Small
Mamata Machinery Limited
Industrial Machinery
match 61
26
89.8
9.6%
-901%
OVERVALUED
CONTROLPR
Small
Control Print Limited
Industrial Machinery
match 60
40
25.4
9.5%
-71%
WATCHLIST
VELJAN
Small
Veljan Denison Limited
Industrial Machinery
match 59
42
41.4
10.8%
-5%
WATCHLIST
ICEMAKE
Small
Ice Make Refrigeration Limited
Industrial Machinery
match 59
24
95.3
9.5%
-116%
OVERVALUED
BAJAJINDEF
Small
Indef Manufacturing Limited
Industrial Machinery
match 58
19
27.5
9.2%
-916%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Electrotherm (India) Limited operates in Steel & Engineering, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
61Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 32nd percentile of the scored universe and 28th percentile within Industrials. Main check: results consistency is weak at 27/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
5 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
32nd percentile
overall median 67 · Industrials: 28th pctile, median 68 · Small: 36th pctile, median 66
Evidence depth
Financial-only
5 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
66
acceptable · leverage and solvency
Discipline
30
weak · capital discipline
Results
27
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 20.2%.
- ▸12 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸Interest coverage is 0.2x.
- ▸ROCE is low at 0.5%.
- ▸ROCE trend is -26.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Electrotherm (India) Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Aug - Newspaper Advertisement - 40th Annual General Meeting through Video Conferencing / Other Audio Visual Means (VC / OAVM) facility
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 20 Jul - Board appointed Raj Kumar Bansal as independent director and Harish Mukati as WTD-CEO from 20 July 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 20 Jul - Board appointed Raj Kumar Bansal as independent director and Harish Mukati as WTD & CEO for three years.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Allotment 14 Aug - Board approves Q1 FY27 results, 1.095 crore preference share allotment, and notes ED PMLA complaint.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug - Newspaper Publication of Unaudited Financial Results for the quarter ended on 30th June, 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 21 May - Audited FY26 results approved; cost auditor appointed; loan defaults and qualified audit opinion disclosed.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Announcement
Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended On 31St March, 2026 21 May
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
AnnouncementMar 2026
Mar 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May - Newspaper publication of Audited financial results for the quarter and year ended on 31st March, 2026
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.