Electrotherm (India) share price today

Electrotherm (India) Ltd's share price was ₹607.90 at the close on 4 November 2026. It has been falling for 3 weeks. That is 30.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹567 and ₹1,200, and at that close it sat 6% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Electrotherm (India) Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 15 weeks running.

Over the last 11 years the share price moved +1,207% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 24 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

8 points on a year earlier.

1. Revenue grew again in the June 2026 quarter

   Revenue was ₹913 crore, +9.5% on a year earlier (₹834 crore), after 2 quarters of decline.

2. Profit down on a year earlier for 5 quarters in a row

   In the June 2026 quarter profit was ₹7 crore, -75% on a year earlier.

3. Operating margin down 3.8 points on a year earlier

   2.5% in the June 2026 quarter, from 6.2%.

For April to June 2026 (the quarter ended 30 June 2026), Electrotherm (India) reported revenue of ₹913 crore, up 9.5% from ₹834 crore a year earlier, and a profit of ₹6.93 crore, down 75.0% from ₹27.8 crore.

Electrotherm (India) results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Electrotherm (India) closed at ₹607.90 on 4 November 2026, down 38.2% from ₹984.35 a year earlier (7 November 2025) and up 390.2% over five years. Its highest weekly close since March 2016 was ₹1,406.90 on 13 December 2024.

Electrotherm (India) share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Electrotherm (India) closed at ₹607.90, up 4.5% on the week and down 18.3% on the month. Results for April to June 2026: Revenue up 9.5% and profit down 75.0% on a year earlier.

Electrotherm (India) has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Electrotherm (India) Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

Electrotherm (India) is on one of our India lists: Copper & metal stocks.

Electrotherm (India) Ltd earned ₹6.9 Cr of net profit in the Jun 2026 quarter, −75.0% on the same quarter a year earlier. The full FY26 year was a loss of ₹16.0 Cr. That is 0.8% of the quarter's revenue. The same quarter a year earlier earned ₹27.8 Cr. 2 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was −₹16.0 Cr (−103.6% on the year before).

Why profit moved: revenue changed +9.5% on a year earlier and the margin moved −3.8 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −111.0% and revenue −2.1%. Profit is growing slower than sales: rising costs are taking part of the growth.

Electrotherm (India) Ltd reported ₹913 Cr of revenue in the Jun 2026 quarter, +9.5% on the same quarter a year earlier. Over 10 years it has grown 5.8% a year on average. The last full year, FY26, came in at ₹3,692 Cr. The last four reported quarters add to ₹3,771 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹3,692 Cr, −10.3% on the year before.

Recent pace: the last four quarters grew −2.1% on average, against 5.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −3.0%, against −7.4% a year over the last 8 quarters (accelerating).

Electrotherm (India) Ltd's operating margin was 2.5% in the Jun 2026 quarter, 3.8 percentage points lower than the same quarter a year ago. Across 13 years it has been between −29.0% and 10.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.8 percentage points on the year while gross margin changed −2.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 112% of Electrotherm (India) Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹351 Cr of operating cash against −₹16.0 Cr of profit. After ₹108 Cr of spending on assets, ₹243 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 112% of profit came in as cash: the cash cycle got 20 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building.

Electrotherm (India) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 38 days in FY26, down from 58 days in FY21. It spent ₹234 Cr on assets over the last 3 years. Customers take 26 days to pay, and stock sits for 77 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,692 Cr, each day of that cycle ties up about ₹10.1 Cr, so roughly ₹384 Cr is tied up in the business at any time.

FY26: customers took 26 days to pay and stock sat for 77 days, about 2.5 months of sales sitting as stock, for a full cycle of 38 days, shorter than FY21's 58.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 77 days. Customers pay about 26 days after that. Suppliers are paid at 65 days. Together that makes the 38-day cycle.

Spending on assets: ₹234 Cr over the last 3 years, against ₹134 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹138 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Electrotherm (India) Ltd's P/E is 18.3×, near the high end of its own history: higher than 97% of past readings. Its usual P/E (the middle reading) is 2.8×, over 6.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.