# Electrotherm (India) share price today (Electrotherm (India) Ltd, NSE: ELECTHERM)

> Electrotherm (India) share price today: ₹594.25 at the NSE close on 3 November 2026, down 39.4% in a year. Electrotherm (India) (NSE: ELECTHERM) is worth ₹757 crore, trades at a P/E of 18.3 and has closed between ₹567.10 and ₹1,200.30 over the past 52 weeks. > Electrotherm (India) Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. ELECTHERM · Steel Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/electrotherm-indialtd

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## Key numbers

- Business trend: Getting worse, from fewer quarters than usual
- Price: ₹594.25 (−39.4% in a year)
- P/E: 18.3× (higher than 97% of the last 6.7 years)
- Revenue (Jun 2026): ₹913 Cr (+9.5% on a year ago)
- Profit (Jun 2026): ₹6.9 Cr (−75.0% on a year ago)
- Operating margin: 2.5% (−3.8 points on a year ago)
- ROCE: 0%, FY26
- ROIC: −0.8%, against a 12.0% cost of capital: −12.8 points

The main question: the share price moved −39.4% in a year while yearly earnings per share moved −103.5%. The difference came from the market paying a higher multiple. ## What is the Electrotherm (India) share price today? Electrotherm (India) Ltd's share price was ₹594.25 at the close on 3 November 2026. It has been falling for 3 weeks. That is 32.4% 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 4% of the way up from that low. 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 +1,178% 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. ## What changed at Electrotherm (India) this quarter? 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%. ## What are Electrotherm (India)'s latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹913 crore | ₹834 crore | +9.5% |
| Profit | ₹6.93 crore | ₹27.8 crore | −75.0% |
| Earnings per share | ₹5.44 | ₹21.78 | −75.0% |
| Operating margin | 2.5% | 6.2% | −3.8 points |

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.)

## What is the Electrotherm (India) share price history? Electrotherm (India) closed at ₹594.25 on 3 November 2026, down 39.4% from ₹980.40 a year earlier (31 October 2025) and up 379.2% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹591.40 | +0.5% |
| 1 month ago · 1 Oct 2026 | ₹743.90 | −20.1% |
| 6 months ago · 30 Apr 2026 | ₹807.15 | −26.4% |
| 1 year ago · 31 Oct 2025 | ₹980.40 | −39.4% |
| 3 years ago · 3 Nov 2023 | ₹124.40 | +377.7% |
| 5 years ago · 4 Nov 2021 | ₹124.00 | +379.2% |
| 10 years ago · 4 Nov 2016 | ₹218.10 | +172.5% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹46.50 | +1,178.0% |
| Highest weekly close since March 2016 · 13 Dec 2024 | ₹1,406.90 | −57.8% |
| 52-week high (weekly close) · 3 Jul 2026 | ₹1,200.30 | −50.5% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹567.10 | +4.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Electrotherm (India)? 3 Nov 2026: Electrotherm (India) closed at ₹594.25, up 0.5% on the week and down 20.1% on the month. Results for April to June 2026: Revenue up 9.5% and profit down 75.0% on a year earlier. ## What dividend does Electrotherm (India) pay? 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 4 November 2026.)

## Which stock lists is Electrotherm (India) on? Electrotherm (India) is on one of our India lists: Copper & metal stocks. [Copper & metal stocks Group on the list: Steel, stainless steel and ferro alloys](https://www.sectoralpha.in/copper-stocks-india)

## Is Electrotherm (India) profitable? 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. 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. ## How much revenue does Electrotherm (India) make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Electrotherm (India) keep? 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. 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. ## Is Electrotherm (India)'s profit turning into cash? 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. 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. ## Where does Electrotherm (India)'s cash go? 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. 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. ## What is Electrotherm (India)'s P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved −103.5% while the price moved −39.4%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +68.4% a year; about +26.2% a year came from earnings growth and about +42.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Electrotherm (India) business getting better or worse? Electrotherm (India) Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −3.0% in the latest quarter, against +54.3% at its best in 12 quarters. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Electrotherm (India) earn on its capital? Electrotherm (India) Ltd earned a ROCE of 0% in FY26. That is up from a low of −20% in FY15. Its return on capital used (ROIC) is 12.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −0.4% net margin and 1.83× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −0.4% net margin × 1.83× asset turnover × −13.07× leverage (assets divided by equity) ≈ 9.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: −0.8% − 12.0% = −12.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Electrotherm (India) have too much debt? Electrotherm (India) Ltd's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from −1.93 in FY22 to −6.91 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Electrotherm (India) shareholding pattern? Foreign institutions raised their stake in Electrotherm (India) Ltd by 6.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 11.1% of the company. Promoters moved −0.9 points over the same period, to 29.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +6.3 points over 8 quarters, to 11.1%; Promoters: −0.9 points over 8 quarters, to 29.8%; Domestic institutions: +0.7 points over 8 quarters, to 0.8%. Why the owners changed: foreign institutions drove it (+6.3 points), with the other side taken by promoters (−0.9 points). They raised their stake step by step. ## How far is Electrotherm (India) from balance-sheet trouble? For Electrotherm (India) Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Electrotherm (India) rank in its industry? 22.2 out of 100, rank 14 of 16 in Steel Products, with 61% of the evidence available. Electrotherm (India) Ltd scores 22.2 out of 100 against the 16 companies it is compared with in Steel Products, ranking 14. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 3.4 + 0.8 + 10 + 8 = 22.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Electrotherm (India) compared with? Electrotherm (India) ranks 14 of 16 Steel Products companies on the 4-Factor Sector Score, with 22.2 out of 100. 1. [Kamdhenu Ltd](https://www.sectoralpha.in/stocks/kamdhenu-ltd) KAMDHENU · turning · Most evidence points up · 100% evidence 77.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 5.9% · Profit 31.9% · Operating margin change 1 points · 100% evidence Capital efficiency 20.0/25 · ROCE 29.5% · Operating margin 13% · 100% evidence Valuation 17.1/20 · P/E 10.9× · PEG 0.47 · 100% evidence Relative strength 17.6/20 · Lead over its industry 27.7% · Lead over NIFTY 500 31% · 1 year 26.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.6 + 20 + 17.1 + 17.6 = 77.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Vardhman Special Steels Ltd](https://www.sectoralpha.in/stocks/vardhman-special-steels-ltd) VSSL · leader · Most evidence points up · 100% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.1/35 · Revenue 14.8% · Profit 67.7% · Operating margin change 2 points · 100% evidence Capital efficiency 14.8/25 · ROCE 15.3% · Operating margin 12% · 100% evidence Valuation 14.2/20 · P/E 19.7× · PEG 0.84 · 100% evidence Relative strength 17.0/20 · Lead over its industry 13.2% · Lead over NIFTY 500 16.9% · 1 year 14.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.1 + 14.8 + 14.2 + 17 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Shyam Metalics & Energy Ltd](https://www.sectoralpha.in/stocks/shyam-metalics-energy-ltd) SHYAMMETL · leader · Most evidence points up · 100% evidence 73.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 25.6% · Profit 41.7% · Operating margin change 2 points · 100% evidence Capital efficiency 17.4/25 · ROCE 13% · Operating margin 14% · 100% evidence Valuation 8.6/20 · P/E 24× · PEG 1.25 · 100% evidence Relative strength 18.7/20 · Lead over its industry 27.4% · Lead over NIFTY 500 31.7% · 1 year 32.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 28.6 + 17.4 + 8.6 + 18.7 = 73.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Kalyani Steels Ltd](https://www.sectoralpha.in/stocks/kalyani-steels-ltd) KSL · losing its lead · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue -1.1% · Profit 8.1% · Operating margin change 3 points · 100% evidence Capital efficiency 17.4/25 · ROCE 14.8% · Operating margin 22% · 100% evidence Valuation 11.6/20 · P/E 12.5× · PEG 1 · 100% evidence Relative strength 12.9/20 · Lead over its industry 3.7% · Lead over NIFTY 500 7.2% · 1 year -4.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 18.6 + 17.4 + 11.6 + 12.9 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [BMW Industries Ltd](https://www.sectoralpha.in/stocks/bmw-industries-ltd) turning · Evidence leans up · 83% evidence 57.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 5.9% · Profit 8% · Operating margin change -1 points · 83% evidence Capital efficiency 13.2/25 · ROCE 11.9% · Operating margin 20% · 95% evidence Valuation 12.9/20 · P/E 12.7× · PEG n/a · 50% evidence Relative strength 15.9/20 · Lead over its industry 7.5% · Lead over NIFTY 500 10.3% · 1 year 9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.9 + 13.2 + 12.9 + 15.9 = 57.9 · What this means: Relative strength against the index is 10.3%, and revenue and profit growth are weak. 6. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) SUNFLAG · breaking out · Evidence leans up · 96% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 9% · Profit 4.6% · Operating margin change -1 points · 88% evidence Capital efficiency 9.6/25 · ROCE 4.1% · Operating margin 11% · 100% evidence Valuation 10.3/20 · P/E 33.2× · PEG 0.65 · 100% evidence Relative strength 19.6/20 · Lead over its industry 29% · Lead over NIFTY 500 32.1% · 1 year 46.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.7 + 9.6 + 10.3 + 19.6 = 56.2 · What this means: Relative strength against the index is 32.1%, and revenue and profit growth are weak. 7. [Panchmahal Steel Ltd](https://www.sectoralpha.in/stocks/panchmahal-steel-ltd) PANCHMAHQ · losing its lead · Evidence leans down · 78% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 10.6% · Profit 100% · Operating margin change 4.9 points · 100% evidence Capital efficiency 7.0/25 · ROCE 3.1% · Operating margin 8.3% · 100% evidence Valuation 3.9/20 · P/E 65.4× · PEG 7.04 · 65% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 0.3% · 1 year -1.2% · 25% evidence · 2 of 5 weeks ahead Exact sum: 28.9 + 7 + 3.9 + 9.8 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Prakash Industries Ltd](https://www.sectoralpha.in/stocks/prakash-industries-ltd) PRAKASH · basing · Evidence leans down · 96% evidence 49.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.3/35 · Revenue -10.6% · Profit -12.1% · Operating margin change 1 points · 88% evidence Capital efficiency 12.1/25 · ROCE 9.6% · Operating margin 14% · 100% evidence Valuation 19.1/20 · P/E 6.4× · PEG 0.19 · 100% evidence Relative strength 6.0/20 · Lead over its industry -14.4% · Lead over NIFTY 500 -10.7% · 1 year -31.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 12.3 + 12.1 + 19.1 + 6 = 49.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [Beekay Steel Industries Ltd](https://www.sectoralpha.in/stocks/beekay-steel-industries-ltd) BEEKAY · breaking out · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 13.9% · Profit -51.1% · Operating margin change 5 points · 88% evidence Capital efficiency 7.7/25 · ROCE 4.2% · Operating margin 11% · 100% evidence Valuation 13.7/20 · P/E 18.1× · PEG 0.45 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 5.8% · 1 year -11.5% · 25% evidence · 10 of 12 weeks ahead Exact sum: 15.5 + 7.7 + 13.7 + 11.1 = 48 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Jindal Steel Ltd](https://www.sectoralpha.in/stocks/jindal-steel-ltd) JINDALSTEL · losing its lead · Evidence leans down · 100% evidence 45.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 25.5% · Profit 2.4% · Operating margin change -3 points · 100% evidence Capital efficiency 13.3/25 · ROCE 9.7% · Operating margin 15% · 100% evidence Valuation 10.4/20 · P/E 33.6× · PEG 1.09 · 100% evidence Relative strength 8.0/20 · Lead over its industry -4.7% · Lead over NIFTY 500 -0.6% · 1 year -0.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 13.9 + 13.3 + 10.4 + 8 = 45.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Steel Exchange India Ltd](https://www.sectoralpha.in/stocks/steel-exchange-india-ltd) STEELXIND · quiet · Evidence leans down · 89% evidence 39.7 out of 100 Growth Capital Valuation Relative
12. [Gallantt Ispat Ltd.](https://www.sectoralpha.in/stocks/gallantt-ispat-ltd) GALLANTT · quiet · Evidence leans down · 100% evidence 37.9 out of 100 Growth Capital Valuation Relative
13. [Rhetan TMT Ltd](https://www.sectoralpha.in/stocks/rhetan-tmt-ltd) RHETAN · quiet · Most evidence points down · 89% evidence 34.5 out of 100 Growth Capital Valuation Relative
14. Electrotherm (India) Ltd this page ELECTHERM · quiet · Most evidence points down · 61% evidence 22.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 3.4/35 · Revenue -3% · Profit -80% · Operating margin change -3.8 points · 88% evidence Capital efficiency 0.8/25 · ROCE 0.5% · Operating margin 2.5% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -28% · 1 year -40.7% · 25% evidence · 3 of 12 weeks ahead Exact sum: 3.4 + 0.8 + 10 + 8 = 22.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 15. [Salasar Techno Engineering Ltd](https://www.sectoralpha.in/stocks/salasar-techno-engineering-ltd) SALASAR · basing · Most evidence points down · 96% evidence 20.4 out of 100 Growth Capital Valuation Relative
16. [Banganga Paper Industries Ltd](https://www.sectoralpha.in/stocks/banganga-paper-industries-ltd) BANGANGA · Too little evidence to rank firmly · 29% evidence 52.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel Products](https://www.sectoralpha.in/sectors/steel-products), all 16 compared on one page. ## Which companies are close to Electrotherm (India) in size? Electrotherm (India) is the 13th largest of 16 Steel Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Rhetan TMT, Kamdhenu and Beekay Steel Industries. Just below it: Salasar Techno Engineering, Banganga Paper Industries and Panchmahal Steel. ### Steel Products companies close in size

1. [Rhetan TMT Ltd](https://www.sectoralpha.in/stocks/rhetan-tmt-ltd) ₹1,068 crore
2. [Kamdhenu Ltd](https://www.sectoralpha.in/stocks/kamdhenu-ltd) ₹988 crore
3. [Beekay Steel Industries Ltd](https://www.sectoralpha.in/stocks/beekay-steel-industries-ltd) ₹791 crore
4. Electrotherm (India) Ltd ₹738 crore
5. [Salasar Techno Engineering Ltd](https://www.sectoralpha.in/stocks/salasar-techno-engineering-ltd) ₹685 crore
6. [Banganga Paper Industries Ltd](https://www.sectoralpha.in/stocks/banganga-paper-industries-ltd) ₹657 crore
7. [Panchmahal Steel Ltd](https://www.sectoralpha.in/stocks/panchmahal-steel-ltd) ₹652 crore

[All 16 Steel Products companies, largest first](https://www.sectoralpha.in/sectors/steel-products#all-companies)

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4. [Royal Orchid Hotels Ltd](https://www.sectoralpha.in/stocks/royal-orchid-hotels-ltd) ₹738 crore · Hotels
5. [Prostarm Info Systems Ltd](https://www.sectoralpha.in/stocks/prostarm-info-systems-ltd) ₹735 crore · Trading

## What else do people ask about Electrotherm (India)? ### What is Electrotherm (India)'s share price today? Electrotherm (India) Ltd's share price is ₹594.25, −39.4% over the past year. The whole company is worth ₹757 Cr on the market. In the last 52 weeks it traded between ₹567 to ₹1,200; today it is 4% of the way up from the low, 32.4% below its 200-day average (as of 3 November 2026). ### What were Electrotherm (India)'s latest quarterly results? Electrotherm (India) Ltd reported revenue of ₹913 Cr and net profit of ₹6.9 Cr for the Jun 2026 quarter. Revenue rose 9.5% and profit fell 75.0% compared with a year earlier. Earnings per share were ₹5.44. The operating margin was 2.5%, 3.8 percentage points lower than a year earlier (as of 3 November 2026). ### What is Electrotherm (India)'s market cap? Electrotherm (India) Ltd's market capitalisation is ₹757 Cr at a share price of ₹594.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Electrotherm (India) performing? Electrotherm (India) Ltd's share price has been falling for 3 weeks. In its latest quarter, revenue rose 9.5% and profit fell 75.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 15 weeks running (as of 3 November 2026). ### Will Electrotherm (India)'s share price go up? This page does not forecast Electrotherm (India) Ltd's share price. What it shows instead: the share price is ₹594.25, and it has been falling for 3 weeks. Its P/E of 18.3× is higher than 97% of its own last 7 years (as of 3 November 2026). ### Who owns Electrotherm (India)? Promoters own 29.8% of Electrotherm (India) Ltd, foreign institutions 11.1%, domestic institutions 0.8% and the public 58.3% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 6.3 percentage points over 8 quarters (as of 3 November 2026). ### Does Electrotherm (India) have too much debt? No, Electrotherm (India) Ltd has little debt: its debt is −6.91× its equity, and its operating profit is 2 times its interest bill. FY26 borrowings were ₹1,064 Cr against equity of −₹154 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Is Electrotherm (India)'s profit real cash? Yes, over the last 3 years, 112% of Electrotherm (India) Ltd's reported profit came in as cash from operations. The latest year was lower at -2194%, so the trend is worth watching. In FY26, operating cash was ₹351 Cr against reported profit of −₹16.0 Cr. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Electrotherm (India) in its business cycle? Electrotherm (India) Ltd's FY26 operating margin was 1.2%, against a 13-year range of −29.0% to 10.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 2.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Electrotherm (India) story? The main question: the share price moved −39.4% in a year while yearly earnings per share moved −103.5%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Electrotherm (India) a stock worth studying right now? What the numbers show: Electrotherm (India) Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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