ELECTHERM · Electrotherm (India) Ltd · Iron & Steel
ELECTHERM · Electrotherm (India) Ltd · Iron & Steel
As of 05 Nov close
52-week range
52.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹913 Cr
Revenue YoY
PAT YoY
-75.0%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
Not available from data source
P/S (TTM)
0.3
Sector P/E
17.3
Dividend yield
0.0%
No peer comparison data on file for ELECTHERM.
Promoter
stable
FII
rising 1q
MF
0.08% (0.00pp)
stable
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 10 Sept 2026 | Bhandari Rakesh | SELL | 80,000 | ₹0 |
| 10 Sept 2026 | Suraj Shailesh Bhandari | BUY | 80,000 | ₹0 |
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| ELECTHERM | 2026-09-14 | 215725 | 1 | WEAK | BULK |
| ELECTHERM | 2026-09-11 | 215725 | 1 | WEAK | BULK |
| ELECTHERM | 2026-06-10 | 168912 | 2 | WEAK | BULK |
| ELECTHERM | 2026-05-22 | 65000 | 1 | WEAK | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedThe report outlines Electrotherm's FY2025-26 performance, highlighting a decline in income and profitability compared to the previous year, driven by challenges in the steel and manufacturing sectors. Management emphasized strategic priorities such as improving capacity utilization, strengthening distribution networks, and expanding value-added products. The report also details ongoing legal and financial risks, including unresolved debt with lenders and potential impacts from legal cases. Corporate governance practices and risk management frameworks are highlighted as key areas of focus.
- Focus on improving capacity utilization and strengthening distribution networks.
- Expansion of value-added products like Epoxy Coated TMT and Cut & Bend TMT to enhance product mix and margins.
- Strategic emphasis on leveraging engineering heritage and manufacturing capabilities for selective growth opportunities.
- Commitment to corporate governance and risk management frameworks.
- Ongoing legal and financial risks, including unresolved debt with lenders and potential impacts from legal cases.
Key takeaway: Electrotherm is navigating a challenging business environment with a focus on operational efficiency, product differentiation, and risk management, while managing significant financial and legal risks.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items); Regulatory Action (2 items); Default / Covenant Breach (2 items); Investigation or enforcement mention (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesRecent (last 12 months)
The auditor issued a qualified opinion for the financial year ended 31 March 2026 due to non-provision of interest on NPA account of Rare Asset Reconstruction Limited, amounting to Rs.149.61 crore for the year, with a total unprovided interest of Rs.1066.12 crore as of the date.
Earlier (1-3 years ago)
Electrotherm (India) Limited has a qualified audit opinion related to the non-provision of interest on Non-Performing Assets (NPA) account of Rare Asset Reconstruction Limited, which is a debt assignee of Indian Overseas Bank.
Regulatory Action
2 occurrencesRecent (last 12 months)
The company had a board with less than six directors until April 9, 2025, due to the resignation of Mr. Mukesh Bhandari on September 12, 2024, leading to fines of Rs.53,100/- each from BSE and NSE for the quarter ended June 30, 2025.
Earlier (1-3 years ago)
The company was fined a total of Rs. 6,43,100/- by BSE and NSE for having a board with less than six directors until 9th April 2025, due to the resignation of Mr. Mukesh Bhandari on 12th September 2024, and has paid the fines.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company has pending settlement with Rare ARC (assignee of Indian Overseas Bank) under a One Time Settlement arrangement, indicating a potential default or covenant issue.
Earlier (1-3 years ago)
The company has not paid remuneration to Mr. Shailesh Bhandari due to a default in loan repayment and lack of approval from banks or financial institutions.
Investigation or enforcement mention
2 occurrencesRecent (last 12 months)
Bank of India filed a fraud complaint against the company, its directors, and others for Rs. 81.97 Crores. CBI registered a FIR and is investigating, with the company petitioning to quash the FIR.
Earlier (1-3 years ago)
Bank of India filed a fraud complaint against the company, its directors, and others for Rs. 81.97 Crores. CBI registered a FIR and is investigating, with the company petitioning to quash the FIR.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company voluntarily paid Rs. 9.57 crore towards tax, interest, and penalty following an inspection by GST authorities in 2021, with Rs. 6.69 crore accounted as expenses and Rs. 2.88 crore as recovery from suppliers.
Earlier (1-3 years ago)
The company voluntarily paid Rs 9.57 crore towards tax, interest, and penalty during an inspection by GST authorities in 2021, with Rs 6.69 crore accounted as expenses.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The Registrar of Companies, Gujarat has filed two prosecutions under sections 447-448 of the Companies Act, 2013 against directors/officers for failing to disclose material facts of related party transactions for the financial years 2017 and 2018. The directors/officers have challenged these prosecutions in the Gujarat High Court, which granted interim relief staying the prosecutions pending further hearing.
Earlier (1-3 years ago)
The company is involved in legal proceedings related to related party transactions for the financial years 2017 and 2018, with the Gujarat High Court granting interim relief to some individuals against prosecution under sections 447-448 of the Companies Act, 2013.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
8.15% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).