| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 913 | 834 | +9.5% |
| EBITDA | 22.4 | 51.8 | −56.7% |
| EBITDA margin | 2.5% | 6.2% | −3.8 pts |
| Profit before tax | 8.8 | 33.8 | −73.9% |
| Net profit | 6.9 | 27.8 | −75.0% |
| EPS | ₹5.44 | ₹21.78 | −75.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 764 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 34.1 | 34.1 | 9.3 | 55.4 | 66.1 | ||
| 1,060 | 1,060 | 1,283 | 1,769 | 1,985 | ||
| 1,791 | — | — | — | — | ||
| 3,771 | 3,692 | 4,115 | 4,272 | 3,074 | ||
| — | −10.3% | −3.7% | +39.0% | — | ||
| 4.1 | 42.8 | 372 | 419 | 134 | ||
| 0.1% | 1.2% | 9.0% | 9.8% | 4.4% | ||
| −39.7 | −0.4 | 327 | 373 | 85.1 | ||
| −36.5 | −15.7 | 442 | 317 | −11.8 | ||
| −1.0% | −0.4% | 10.7% | 7.4% | −0.4% | ||
| −₹28.63 | −₹12.29 | ₹347.06 | ₹249.08 | −₹9.28 | ||
| — | −103.5% | +39.3% | +2,784.7% | — | ||
| — | 351 | 329 | 351 | 107 | ||
| — | −98.4 | −89.1 | −68.6 | −17.5 | ||
| 253 | 253 | 240 | 283 | 89.6 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 764.4 | |
| - Cash, Equiv & ST Investments | 66.1 | 55.4 | 9.3 | 34.1 | 34.1 | |
| + Total Debt | 1,984.9 | 1,769.3 | 1,282.9 | 1,060.3 | 1,060.3 | |
| Enterprise Value | — | — | — | — | 1,790.6 | |
| Revenue | 3,074.1 | 4,271.5 | 4,115.4 | 3,692.1 | 3,771.4 | |
| Growth %, YoY | — | +39.0 | -3.7 | -10.3 | — | |
| EBITDA | 134.3 | 419.5 | 371.5 | 42.8 | 4.1 | |
| Margin % | 4.37 | 9.82 | 9.03 | 1.16 | 0.11 | |
| EBIT | 85.1 | 372.8 | 327.1 | -0.4 | -39.7 | |
| Net Income | -11.8 | 317.3 | 442.2 | -15.7 | -36.5 | |
| Margin % | -0.38 | 7.43 | 10.74 | -0.42 | -0.97 | |
| EPS, Adj (current shares) | -9.28 | 249.08 | 347.06 | -12.29 | -28.63 | |
| Growth %, YoY | — | +2,784.7 | +39.3 | -103.5 | — | |
| Cash from Operations | 107.1 | 351.3 | 328.7 | 351.2 | — | |
| Capital Expenditures | -17.5 | -68.6 | -89.1 | -98.4 | — | |
| Free Cash Flow | 89.6 | 282.8 | 239.6 | 252.7 | 252.7 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Electrotherm (NSE: ELECTHERM) had a market capitalisation of ₹738 crore at the 30 October 2026 close (₹579.40 a share). In FY26 its consolidated net loss was ₹15.7 crore on revenue of ₹3,692 crore; in Q1 FY27 (April–June 2026) it was ₹6.9 crore, down 75.0% year on year. Its net worth was negative (−₹154 crore) on 31 March 2026, with borrowings of ₹1,060 crore. Promoters held 29.83% of the shares on 30 September 2026.
Electrotherm's PE ratio is not meaningful at the 30 October 2026 close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹36.5 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹738 crore at ₹579.40 a share.
Electrotherm's debt-to-equity ratio is not meaningful: its total equity was negative (−₹154 crore) on 31 March 2026, against borrowings of ₹1,060 crore. A negative equity means accumulated losses exceed the capital shareholders put in.
Electrotherm's net worth was negative on 31 March 2026: shareholders' equity of −₹154 crore in its consolidated balance sheet, meaning accumulated losses exceed the capital put in. The market still values the company at ₹738 crore (market capitalisation at the 30 October 2026 close).
Electrotherm's market capitalisation was ₹738 crore at the 30 October 2026 close: 1.27 crore shares at ₹579.40 each.
No. Electrotherm had borrowings of ₹1,060 crore on 31 March 2026 (consolidated balance sheet). Its cash and current investments were ₹91.5 crore, so its net debt was ₹969 crore.
Electrotherm's basic earnings per share (EPS) were −₹12.29 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹28.63.
Electrotherm's return on equity is not meaningful for FY26: shareholders' equity was negative (−₹154 crore on 31 March 2026), and a return on a negative base has no sign that can be read. Its return on capital employed (ROCE) was −0.8% — operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
On 30 September 2026, Electrotherm's shares were held by promoters 29.83%, foreign portfolio investors (FII/FPI) 11.14%, domestic institutions (DII) 0.78% (including mutual funds at 0.08%) and retail and other non-institutional investors 58.26%. Over the year, FII holding was up 6.07 percentage points from 5.07% and DII holding was down 0.19 percentage points from 0.97%.
Electrotherm's latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹6.9 crore, down 75.0% from ₹27.8 crore in Q1 FY26; revenue from operations ₹913 crore, up 9.5% year on year.
Promoters held 29.83% of Electrotherm on 30 September 2026, down 0.04 percentage points from 29.87% the previous quarter and down 0.07 percentage points from 29.90% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Electrotherm generated ₹351 crore of cash from operations and spent ₹98.4 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹253 crore. In FY25 it was ₹240 crore.
In FY26 (April 2025–March 2026), Electrotherm's consolidated net loss was ₹15.7 crore, against a profit of ₹442 crore in FY25, on revenue from operations of ₹3,692 crore (down 10.3%).
Electrotherm will announce its Q2 FY27 results (July–September 2026) on Wednesday, 4 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Manaksia Coated Metals & Industries and STEEL EXCHANGE INDIA: Electrotherm's operating margin of −0.0% is the lowest of the three (Manaksia Coated Metals & Industries 8.1%, STEEL EXCHANGE INDIA 9.7%; peer average 8.9%); its revenue growth over three years of 6.3% a year is the second highest of the three (Manaksia Coated Metals & Industries 10.7% a year, STEEL EXCHANGE INDIA −8.6% a year; peer average 1.0% a year).
In FY26, Electrotherm earned net profit of ₹15.7 crore on revenue of ₹3,692 crore, against ₹40.7 crore on ₹884 crore for Manaksia Coated Metals & Industries. Electrotherm's operating margin was −0.0% (Manaksia Coated Metals & Industries 8.1%). At the 30 October 2026 close, Electrotherm's market capitalisation was ₹738 crore against ₹1,495 crore for Manaksia Coated Metals & Industries.
From Electrotherm's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.