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Electrotherm (India) Share Price

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NSEBSE

683.1513.35 (1.99%)

12:00 AM,18th Apr 2024

700.1013.70 (2.00%)

12:16 PM,19th Apr 2024

BSE : 526608

NSE : ELECTHERM

Sector : Metals & Mining

ISIN Code : INE822G01016

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Last Updated: Apr 19 2024 | 12:16 PM IST

Market Cap (₹ Cr)

870

Turnover (₹ Cr)

0.01

Volume (Shares)

1788

Face Value

10

52-WK High

683.15

52-WK High Date

18 Apr 2024

52-WK Low

59.70

52-WK Low Date

19 Apr 2023

All Time High

683.15

All Time High Date

18 Apr 2024

All Time Low

13.15

All Time Low Date

23 Oct 2013

Electrotherm (India) Ltd

Electrotherm (India) Limited (EIL) a leading engineering company known for providing best steel melting equipment globally. The Company has significant presence in steel sector for TMT Bar and DI Pipe industry in India. It is maiden manufacturer and one of the known brands in battery-operated electric vehicles. It executes EPC projects and supplies engineering equipment in more than 71 countries around the world. Electrotherm India(EIL) the Ahmedabad based company incorporated in October 1986 was started by two enterprising brothers Mukesh Bhandari and Shailesh Bhandari along with Harish Sharma and Narendra Dalal. EIL is manufacturing induction melting furnaces TMT Bars Ductile Iron Pipes (DI Pipes) Electric Vehicles Transformers Transmission Line Towers etc. EIL is also into wind power generation. Since its first order of 350-KW Medium frequency induction furnace in Jun 1983 it has installed over 300 induction furnaces allover India and abroad sofar. EIL also has some firsts to its name like design and commission of India's first indigenously made solid state generator of 1200 KW.EIL has set up a sister concern for new products like laser cutting machines for cutting stainless steel to very close tolerances which otherwise is a difficult operation. EIL has recieved the prestigious 'Dhatu Nayak' award for the year 1997-98 and 1998-99 for indigenous development manufacture & Commissioning of India's largest Medium Frequency Induction Melting Furnace of 7500 KW/15 Ton capacity for Alloy steel and key contribution to stainless steel and alloy steel industry by developing indiginously developing cost effective equipment for manufacturing of stainless steel through induction furnace route respectively.The Company also supplied India's largest MF Induction Melting Furnace of 20 Tons capacity to M/s Shah Alloys Ltd Ahmedabad. In the year 2000-01 the company accredited with ISO-9001 certificate through RWTUV.During the year 2004-05 the Company started process of expanding its business through setting up of a most modern steel plant at Kutch at a project costing Rs 125.23 Crores. It completed the detailed engineering for the second phase of steel project consisting of Pelletisation Plant Direct Reduced Iron (DRI) Plant Modern Alloy Steel Melting Facility and Rolling Mill for heavy structural and alloy steel rolled products. Electrotherm's Steel Division was established in the year 2005 in Kutch Gujarat. During 2006-07 it established manufacturing capabilities to produce Electric vehicles and expanded the same to produce 150000 Electric Scooters per annum. The Company commissioned Second Phase of project at Kutch during 2008 and further completed third phase of project at Kutch during 2009. In addition to these Bhaskarpara Coal Company Limited a Joint Venture Company with Grasim Industries Limited and ET Elec-Trans Limited were incorporated as two new subsidiary companies during 2009. 40 ton 14 MW Induction Furnace for mild steel billet making application was dispatched and commissioned in Nagpur during 2009. The Company commissioned the production of Blast Furnace - II and Ductile Iron Pipe during 2009-10. It further embarked an inorganic growth strategy by virtue of acquiring Transmission Line Tower Plant near Baroda during March 2010. In May 2010 it acquired 100% shareholding of Shree Ram Electrocast Private Limited at Kolkata and manufacturing complex at Siruguppa Bellary Karnataka for Pig Iron with installed capacity of 120000 MT per annum and Power Generation Plant of 2.5 MW. It acquired 100% shareholding of Hans Ispat Limited a Kutch - Gujarat based Company having manufacturing facilities for Billet of 84000 TPA TMT Rolling Mill of 120000 TPA and SS Rolling Mill of 72000 TPA per annum. The Company also acquired the shareholding in Shree Hans Papers Limited a subsidiary of Hans Ispat Limited in June 2010. Resulting to these acquisitions all 3 Companies mentioned above became subsidiaries of the Company during the Financial Year 2010-2011. The Company introduced continuous casting machine for small size induction furnaces in April 2011. Further it implemented the use of LRF and De-phosphorization and De-sulphurization process for production of high quality low phosphorous forging grade billets during 2011-12 and thereafter introduced Fe-550D TMT rebar products. During 2013 it started operation from Thol plant in Ahmedabad Gujarat. It installed more than 60 mini high speed casters during 2013-14. It commissioned fusion bonded epoxy coated TMT Bars facility at their Kutch Plant during 2016-17. It started their third TMT Rolling Mill production in the month of March 2019. During 2019-20 Company established heavy-duty scrap poker which also eliminates manual intervention while melting. It commissioned a galvanizing line for a strip / sheet making plant during the year 2020.

Electrotherm (India) Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

870

EPS - TTM (₹) [S]

230.00

P/E Ratio (X) [S]

-0.93

Face Value (₹) 10
Latest Dividend (%)25.00
Latest Dividend Date 16 Sep 2010
Dividend Yield (%) -
Book Value Share (₹) [S]-732.25
P/B Ratio (₹) [S]-0.93
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

683.15

683.15

Week Low/High

631.00

683.00

Month Low/High

506.05

683.00

Year Low/High

59.70

683.00

All time Low/High

2.45

683.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week5.60%6.10%-2.46-2.68%
1 Month33.14%29.67%0.560.45%
3 Month112.16%111.76%1.031.36%
6 Month412.88%410.77%10.3511.68%
1 Year1009.55%1030.11%21.5724.39%
3 Year579.41%579.08%51.0352.63%

Company Info

Company Information

Executive Vice Chairman : Shailesh Bhandari

Chairman & Independent Directo : Dinesh Shankar Mukati

Non-Exec. & Independent Dir. : Pratap Mohan

Non-Exec. & Independent Dir. : Nivedita Sarda

Managing Director : Suraj Shailesh Bhandari

Non-Exec & Non-Independent Dir : Mukesh Bhandari

Company Sec. & Compli. Officer : Fagesh R Soni

Registered Office: A-1 Skylark Apartment, Satellite Road Satellite,Ahmedabad,Gujarat-380015 Ph: 91-79-26768844

Email:sec@electrotherm.com

URL:http://www.electrotherm.com