Electrotherm (India) Limited - machinery and equipment in Ahmadabad City, Gujarat, India. FY 2026 financials and compliance.
CIN L29249GJ1986PLC009126 Incorporated 29 October 1986 ROC Ahmedabad HQ Ahmadabad City, Gujarat, India
Active Listed - NSE: ELECTHERM · BSE: 526608 Public Limited Company machinery and equipment
Data last updated
Revenue · FY 2026
₹3,692.09 Cr
▼ 10.29% YoY
Computed EBITDA · FY 2026
₹47.87 Cr
▼ 87.4% YoY
Net profit · FY 2026
-₹15.66 Cr
▼ 103.54% YoY
Authorised capital
₹78.59 Cr
Registered with MCA
Paid-up capital
₹24.74 Cr
Issued & subscribed
Open charges
₹4,470.66 Cr
Satisfied ₹3,878.94 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
1,028
Latest available

About Electrotherm (India) Limited

Data last updated: 14 July 2026

Electrotherm (India) Limited is a public limited company based in Ahmadabad City, Gujarat, India. It specialises in process machinery and industrial equipment, a part of the broader machinery and industrial equipment sector. Incorporated on 29 October 1986, the company has been in operation for over 40 years.

Registered with ROC Ahmedabad under CIN L29249GJ1986PLC009126. Listed on BSE: 526608 and NSE: ELECTHERM.

Capital: an authorised share capital of ₹78.59 Cr and a paid-up capital of ₹24.74 Cr. Formerly known as Foremost Chemicals Limited. It is led by directors including Nivedita Ravindra Sarda and Shailesh Bhanwarlal Bhandari.

Last AGM: 10 September 2025. Financial statements filed for year ended 31 March 2025. Office: Ahmadabad City, Gujarat.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹3,692.09 Cr, a decline of 10.29% compared to the previous year. Total assets are valued at ₹2,012.68 Cr (up 4.92% YoY).

The company has a workforce of approximately 1,028 employees as per the latest available data. Its group structure includes 4 subsidiaries and 1 joint venture.

As per MCA filings, the company has open charges of ₹4,470.66 Cr and satisfied charges of ₹3,878.94 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website electrotherm.com.

Company Details of Electrotherm (India) Limited
CIN L29249GJ1986PLC009126
Registration Number 009126
Incorporation Date 29 October 1986
ROC Ahmedabad
Listing Status Listed (BSE: 526608, NSE: ELECTHERM)
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    502 Parshwa Tower Opp. Tej Motors, Nr. Madhur Hotel Sarkhej Gandhinagar Highway, Ahmadabad City, Gujarat, India – 380054
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment
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Financials, compliance, directors, charges, ownership and filings for Electrotherm (India) Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Electrotherm (India) Limited

Electrotherm (India) Limited has one previous CIN (Corporate Identification Number): L24110GJ1986PLC009126. The current CIN is L29249GJ1986PLC009126, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L29249GJ1986PLC009126 Current
L24110GJ1986PLC009126 Previous

Business Activity of Electrotherm (India) Limited

Electrotherm (India) Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products, electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, motor vehicles, trailers, semi trailers and other transport vehicles. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products Locked
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment Locked
C Manufacturing C11 Motor vehicles, trailers, semi trailers and other Transport Vehicles Locked
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Business activity turnover details for Electrotherm (India) Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Auditor Details of Electrotherm (India) Limited

Electrotherm (India) Limited is audited by Hitesh Prakash Shah & Company (ICAI peer reviewed, certificate valid till 2027-08-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Hitesh Prakash Shah & Company (ICAI peer reviewed, certificate valid till 2027-08-31) FY 2026 Statement on impact of audit qualification

Board of Directors of Electrotherm (India) Limited

Electrotherm (India) Limited is currently managed by 6 directors, with 34 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Nivedita Ravindra Sarda Director 25 May 2018 8 Years 1 Months Current
Shailesh Bhanwarlal Bhandari Managing Director 29 Mar 2007 19 Years 3 Months Current
Dinesh Shankar Mukati Director 05 Sep 2017 8 Years 10 Months Current
Suraj Shailesh Bhandari Managing Director 13 Nov 2019 6 Years 8 Months Current
Mohan Pratap Director 05 Sep 2017 8 Years 10 Months Current
Tushar Kantilal Jani Whole-Time Director 10 Apr 2025 1 Years 3 Months Current

Financials of Electrotherm (India) Limited FY 2026 filings available

Electrotherm (India) Limited reported revenue of ₹3,692.09 Cr (down 10.29% YoY) for FY 2026.

Revenue · FY 2026
₹3,692.09 Cr ▼ 10.29%
Profit · FY 2026
-₹15.66 Cr ▼ 103.54%
Computed EBITDA · FY 2026
₹47.87 Cr ▼ 87.4%
Revenue₹ Cr · Consolidated02,0004,0006,000FY 2020: ₹3,200 Cr3,200FY 2020FY 2021: ₹2,518 Cr · -21.3% YoY2,518-21.3%FY 2021FY 2022: ₹2,831 Cr · +12.4% YoY2,831+12.4%FY 2022FY 2023: ₹3,074 Cr · +8.6% YoY3,074+8.6%FY 2023FY 2024: ₹4,272 Cr · +39% YoY4,272+39%FY 2024FY 2025: ₹4,115 Cr · -3.7% YoY4,115-3.7%FY 2025FY 2026: ₹3,692 Cr · -10.3% YoY3,692-10.3%FY 2026
Net Profit₹ Cr · Consolidated-2000200400600FY 2020: ₹24 Cr24.1FY 2020FY 2021: ₹49 Cr · +105.4% YoY49.5+105.4%FY 2021FY 2022: ₹40 Cr (loss) · -181.6% YoY-40.4FY 2022FY 2023: ₹12 Cr (loss) · +70.7% YoY-11.8FY 2023FY 2024: ₹317 Cr · +2784.7% YoY317+2784.7%FY 2024FY 2025: ₹442 Cr · +39.3% YoY442+39.3%FY 2025FY 2026: ₹16 Cr (loss) · -103.5% YoY-15.7FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹1,059 Cr · +13.7% YoY1,059+13.7%Q1'25Q2'25: ₹814 Cr · -17.4% YoY814-17.4%Q2'25Q3'25: ₹1,081 Cr · -4.9% YoY1,081-4.9%Q3'25Q4'25: ₹1,161 Cr · -4.6% YoY1,161-4.6%Q4'25Q1'26: ₹834 Cr · -21.3% YoY834-21.3%Q1'26Q2'26: ₹814 Cr · +0.1% YoY814+0.1%Q2'26Q3'26: ₹904 Cr · -16.4% YoY904-16.4%Q3'26Q4'26: ₹1,140 Cr · -1.8% YoY1,140-1.8%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,692.09 Cr ₹4,115.37 Cr ₹4,271.5 Cr ₹3,074.05 Cr ₹2,831.31 Cr ₹2,518.06 Cr ₹3,199.92 Cr
Other Income ₹5.03 Cr ₹8.29 Cr ₹4.65 Cr ₹6.69 Cr ₹6.54 Cr ₹4.22 Cr ₹26.42 Cr
Total Income ₹3,697.12 Cr ₹4,123.66 Cr ₹4,276.15 Cr ₹3,080.74 Cr ₹2,837.85 Cr ₹2,522.28 Cr ₹3,226.34 Cr
Cost of Materials Consumed ₹2,680.19 Cr ₹2,723.56 Cr ₹2,988.63 Cr ₹2,285.26 Cr ₹2,127.45 Cr ₹1,670 Cr ₹2,171.93 Cr
Purchases of Stock-in-Trade ₹19 Lakh ₹55.79 Cr ₹0 ₹0 ₹0 ₹0 ₹102.37 Cr
Changes in Inventories ₹29.65 Cr ₹27.87 Cr -₹15.23 Cr ₹9.81 Cr -₹45.18 Cr -₹2.65 Cr ₹9.62 Cr
Employee Benefit Expense ₹218.31 Cr ₹198.85 Cr ₹160.96 Cr ₹144.79 Cr ₹137.16 Cr ₹134.62 Cr ₹171.85 Cr
Finance Costs ₹24.13 Cr ₹45.52 Cr ₹60.14 Cr ₹67.17 Cr ₹45.45 Cr ₹54.01 Cr ₹15.55 Cr
Depreciation & Amortisation ₹43.28 Cr ₹44.39 Cr ₹46.7 Cr ₹49.19 Cr ₹87.9 Cr ₹120.55 Cr ₹134.21 Cr
Other Expenses ₹720.91 Cr ₹737.79 Cr ₹717.65 Cr ₹499.88 Cr ₹525.44 Cr ₹496.27 Cr ₹632.24 Cr
Total Expenses ₹3,716.66 Cr ₹3,833.77 Cr ₹3,958.85 Cr ₹3,056.1 Cr ₹2,878.22 Cr ₹2,472.8 Cr ₹3,237.77 Cr
Profit Before Exceptional Items & Tax -₹19.54 Cr ₹289.89 Cr ₹317.3 Cr ₹24.64 Cr -₹40.37 Cr ₹49.48 Cr -₹11.43 Cr
Exceptional Items -₹3.62 Cr ₹119.87 Cr ₹0 -₹36.46 Cr ₹0 ₹0 ₹35.54 Cr
Profit Before Tax -₹23.16 Cr ₹409.76 Cr ₹317.3 Cr -₹11.82 Cr -₹40.37 Cr ₹49.48 Cr ₹24.11 Cr
Total Tax Expense -₹7.25 Cr -₹32.14 Cr ₹0 ₹1 Lakh ₹0 ₹1 Lakh ₹2 Lakh
Net Profit -₹15.66 Cr ₹442.15 Cr ₹317.33 Cr -₹11.82 Cr -₹40.36 Cr ₹49.49 Cr ₹24.1 Cr
  attributable to Owners -₹15.66 Cr ₹442.15 Cr ₹317.33 Cr -₹11.82 Cr ₹0 ₹49.49 Cr ₹0
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹54 Lakh -₹2.78 Cr -₹2.24 Cr -₹2.03 Cr ₹39 Lakh ₹1.45 Cr -₹2.76 Cr
Total Comprehensive Income -₹15.12 Cr ₹439.37 Cr ₹315.09 Cr -₹13.85 Cr -₹39.97 Cr ₹50.94 Cr ₹21.34 Cr
EBITDA (computed) ₹47.87 Cr ₹379.8 Cr ₹424.14 Cr ₹141 Cr ₹92.98 Cr ₹224.04 Cr ₹138.33 Cr
Basic EPS ₹-12.29 ₹347.06 ₹249.08 ₹-9.28 ₹-31.68 ₹38.85 ₹18.92
Diluted EPS ₹-12.29 ₹347.06 ₹249.08 ₹-9.28 ₹-31.68 ₹38.85 ₹18.92
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹2,012.68 Cr ₹1,918.29 Cr ₹1,841.28 Cr ₹1,752.14 Cr
Non-current Assets ₹890.3 Cr ₹800.67 Cr ₹739.04 Cr ₹714.25 Cr
Current Assets ₹1,122.38 Cr ₹1,117.62 Cr ₹1,102.24 Cr ₹1,037.89 Cr
Property, Plant & Equipment ₹621.28 Cr ₹594.95 Cr ₹608.81 Cr ₹632.45 Cr
Inventories ₹570.98 Cr ₹592.87 Cr ₹617.67 Cr ₹570.63 Cr
Trade Receivables ₹259.08 Cr ₹257.07 Cr ₹224.01 Cr ₹208.38 Cr
Cash & Equivalents ₹34 Cr ₹9.22 Cr ₹55.31 Cr ₹66.09 Cr
Equity (Net Worth) -₹153.88 Cr -₹158.78 Cr -₹781.12 Cr -₹1,096.21 Cr
Equity Share Capital ₹12.74 Cr ₹12.74 Cr ₹12.74 Cr ₹12.74 Cr
Borrowings (Non-current) ₹0 ₹353.26 Cr ₹606.59 Cr ₹244.92 Cr
Borrowings (Current) ₹1,060.26 Cr ₹929.65 Cr ₹1,162.72 Cr ₹1,739.97 Cr
Total Debt (computed) ₹1,060.26 Cr ₹1,282.91 Cr ₹1,769.31 Cr ₹1,984.89 Cr
Current Liabilities ₹2,126.44 Cr ₹1,692.23 Cr ₹1,991.21 Cr ₹2,581.88 Cr
Total Liabilities ₹2,166.56 Cr ₹2,077.07 Cr ₹2,622.4 Cr ₹2,848.35 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
Operating Cash Flow ₹351.16 Cr ₹328.68 Cr ₹351.34 Cr ₹107.08 Cr ₹179.24 Cr ₹224.97 Cr
Investing Cash Flow -₹99.49 Cr -₹72.17 Cr -₹67.87 Cr -₹2.48 Cr -₹14.06 Cr -₹62.2 Cr
Financing Cash Flow -₹226.89 Cr -₹302.6 Cr -₹294.25 Cr -₹102.98 Cr -₹189.39 Cr -₹104.5 Cr
Capital Expenditure ₹98.42 Cr ₹89.06 Cr ₹68.59 Cr ₹17.49 Cr ₹40.38 Cr ₹40.97 Cr
Free Cash Flow (computed) ₹252.74 Cr ₹239.62 Cr ₹282.75 Cr ₹89.59 Cr ₹138.86 Cr ₹184 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹24.78 Cr -₹46.09 Cr -₹10.78 Cr ₹1.62 Cr -₹24.21 Cr ₹58.27 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,139.99 Cr ₹903.79 Cr ₹814.26 Cr ₹834.05 Cr ₹1,161.08 Cr ₹1,081.23 Cr ₹813.68 Cr ₹1,059.38 Cr ₹1,217.57 Cr ₹1,137.33 Cr ₹985.15 Cr ₹931.45 Cr
Other Income ₹2.52 Cr ₹39 Lakh ₹1.35 Cr ₹77 Lakh ₹2.4 Cr ₹3.46 Cr ₹1.55 Cr ₹88 Lakh ₹1.73 Cr ₹33 Lakh ₹2.13 Cr ₹46 Lakh
Total Income ₹1,142.51 Cr ₹904.18 Cr ₹815.61 Cr ₹834.82 Cr ₹1,163.48 Cr ₹1,084.69 Cr ₹815.23 Cr ₹1,060.26 Cr ₹1,219.3 Cr ₹1,137.66 Cr ₹987.28 Cr ₹931.91 Cr
Cost of Materials Consumed ₹799.31 Cr ₹645.24 Cr ₹589.65 Cr ₹645.99 Cr ₹717.4 Cr ₹717.01 Cr ₹583.92 Cr ₹705.23 Cr ₹815.53 Cr ₹809.41 Cr ₹667.51 Cr ₹696.18 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹19 Lakh ₹4.99 Cr ₹19.29 Cr ₹11.2 Cr ₹20.31 Cr ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹50.1 Cr ₹45.5 Cr ₹3.89 Cr -₹69.84 Cr ₹121.76 Cr ₹11.52 Cr -₹73.12 Cr -₹32.29 Cr ₹14.21 Cr -₹21.55 Cr ₹7.27 Cr -₹15.16 Cr
Employee Benefit Expense ₹56.66 Cr ₹62 Cr ₹58.11 Cr ₹50.89 Cr ₹50.79 Cr ₹46.27 Cr ₹49.51 Cr ₹52.28 Cr ₹42.24 Cr ₹42.98 Cr ₹43.02 Cr ₹32.72 Cr
Finance Costs ₹3.85 Cr ₹4.91 Cr ₹7.18 Cr ₹8.19 Cr ₹8.18 Cr ₹11.99 Cr ₹11.6 Cr ₹13.75 Cr ₹17.61 Cr ₹7.55 Cr ₹13.32 Cr ₹21.66 Cr
Depreciation & Amortisation ₹11.05 Cr ₹11.12 Cr ₹10.53 Cr ₹10.58 Cr ₹12.16 Cr ₹10.68 Cr ₹10.95 Cr ₹10.6 Cr ₹10.97 Cr ₹11.66 Cr ₹12.06 Cr ₹12.01 Cr
Other Expenses ₹209.42 Cr ₹181.69 Cr ₹174.74 Cr ₹155.06 Cr ₹201.68 Cr ₹179.66 Cr ₹174.85 Cr ₹181.6 Cr ₹214.73 Cr ₹180.53 Cr ₹176.58 Cr ₹145.81 Cr
Total Expenses ₹1,130.39 Cr ₹950.46 Cr ₹844.1 Cr ₹801.06 Cr ₹1,116.96 Cr ₹996.42 Cr ₹768.91 Cr ₹951.48 Cr ₹1,115.29 Cr ₹1,030.58 Cr ₹919.76 Cr ₹893.22 Cr
Profit Before Exceptional Items & Tax ₹12.12 Cr -₹46.28 Cr -₹28.49 Cr ₹33.76 Cr ₹46.52 Cr ₹88.27 Cr ₹46.32 Cr ₹108.78 Cr ₹104.01 Cr ₹107.08 Cr ₹67.52 Cr ₹38.69 Cr
Exceptional Items ₹5.73 Cr ₹0 ₹0 ₹0 ₹106.78 Cr ₹0 ₹13.09 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹17.85 Cr -₹46.28 Cr -₹28.49 Cr ₹33.76 Cr ₹153.3 Cr ₹88.27 Cr ₹59.41 Cr ₹108.78 Cr ₹104.01 Cr ₹107.08 Cr ₹67.52 Cr ₹38.69 Cr
Total Tax Expense ₹4.28 Cr -₹10.79 Cr -₹6.81 Cr ₹6.07 Cr -₹32.14 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Profit ₹13.63 Cr -₹35.42 Cr -₹21.62 Cr ₹27.75 Cr ₹185.5 Cr ₹88.34 Cr ₹59.47 Cr ₹108.84 Cr ₹104.03 Cr ₹107.08 Cr ₹67.53 Cr ₹38.69 Cr
  attributable to Owners ₹13.63 Cr -₹35.42 Cr -₹21.62 Cr ₹27.75 Cr ₹185.5 Cr ₹88.34 Cr ₹59.47 Cr ₹108.84 Cr ₹104.03 Cr ₹107.08 Cr ₹67.53 Cr ₹38.69 Cr
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹2.63 Cr -₹70 Lakh -₹1.39 Cr -₹70 Lakh -₹1.1 Cr -₹56 Lakh -₹56 Lakh -₹56 Lakh -₹1.56 Cr -₹10 Lakh -₹7 Lakh -₹51 Lakh
Total Comprehensive Income ₹16.26 Cr -₹36.12 Cr -₹23.01 Cr ₹27.05 Cr ₹184.4 Cr ₹87.78 Cr ₹58.91 Cr ₹108.28 Cr ₹102.47 Cr ₹106.98 Cr ₹67.46 Cr ₹38.18 Cr
EBITDA (computed) ₹27.02 Cr -₹30.25 Cr -₹10.78 Cr ₹52.53 Cr ₹66.86 Cr ₹110.94 Cr ₹68.87 Cr ₹133.13 Cr ₹132.59 Cr ₹126.29 Cr ₹92.9 Cr ₹72.36 Cr
Basic EPS ₹10.70 ₹-27.80 ₹-16.97 ₹21.78 ₹145.60 ₹69.34 ₹46.68 ₹85.43 ₹81.66 ₹84.05 ₹53.01 ₹30.37
Diluted EPS ₹10.70 ₹-27.80 ₹-16.97 ₹21.78 ₹145.60 ₹69.34 ₹46.68 ₹85.43 ₹81.66 ₹84.05 ₹53.01 ₹30.37
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Engineering & Technologies Division ₹410.87 Cr ₹3.9 Cr ₹720.85 Cr ₹668.62 Cr
Special Steel Division ₹728.25 Cr ₹13.03 Cr ₹1,211.57 Cr ₹1,454.73 Cr
Electric Vehicle Division ₹11.03 Cr -₹99 Lakh ₹31.73 Cr ₹14.32 Cr
Others ₹0 ₹2 Lakh ₹9.14 Cr ₹28.89 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Engineering & Technologies Division ₹1,208.94 Cr ₹23.81 Cr - -
Special Steel Division ₹2,465.65 Cr -₹10.44 Cr - -
Electric Vehicle Division ₹39.6 Cr -₹8.87 Cr - -
Others ₹0 ₹8 Lakh - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,692.09 Cr ₹4,115.37 Cr ₹4,271.5 Cr ₹3,074.05 Cr ₹2,830.28 Cr ₹2,526.79 Cr ₹2,824.39 Cr
Other Income ₹4.45 Cr ₹7.55 Cr ₹4.34 Cr ₹6.69 Cr ₹3.76 Cr ₹3.8 Cr ₹25.73 Cr
Total Income ₹3,696.54 Cr ₹4,122.92 Cr ₹4,275.84 Cr ₹3,080.74 Cr ₹2,834.04 Cr ₹2,530.59 Cr ₹2,850.12 Cr
Cost of Materials Consumed ₹2,680.19 Cr ₹2,723.56 Cr ₹2,988.63 Cr ₹2,285.26 Cr ₹2,127.85 Cr ₹1,650.4 Cr ₹1,871.2 Cr
Purchases of Stock-in-Trade ₹19 Lakh ₹55.79 Cr ₹0 ₹0 ₹1.6 Cr ₹46.98 Cr ₹110.3 Cr
Changes in Inventories ₹29.7 Cr ₹27.88 Cr -₹15.25 Cr ₹9.81 Cr -₹48.01 Cr -₹6.51 Cr -₹4.91 Cr
Employee Benefit Expense ₹218.31 Cr ₹198.85 Cr ₹160.95 Cr ₹144.75 Cr ₹133.67 Cr ₹130.36 Cr ₹164.64 Cr
Finance Costs ₹24.13 Cr ₹45.52 Cr ₹59.82 Cr ₹66.07 Cr ₹45.35 Cr ₹49.89 Cr ₹15.41 Cr
Depreciation & Amortisation ₹43.28 Cr ₹44.39 Cr ₹45.23 Cr ₹47.08 Cr ₹85.78 Cr ₹116.85 Cr ₹129.99 Cr
Other Expenses ₹720.55 Cr ₹737.25 Cr ₹717.03 Cr ₹499.68 Cr ₹519.79 Cr ₹479.32 Cr ₹554.05 Cr
Total Expenses ₹3,716.35 Cr ₹3,833.24 Cr ₹3,956.41 Cr ₹3,052.65 Cr ₹2,866.03 Cr ₹2,467.29 Cr ₹2,840.68 Cr
Profit Before Exceptional Items & Tax -₹19.81 Cr ₹289.68 Cr ₹319.43 Cr ₹28.09 Cr -₹31.99 Cr ₹63.3 Cr ₹9.44 Cr
Exceptional Items -₹3.62 Cr ₹106.78 Cr ₹0 -₹104.75 Cr -₹22.33 Cr ₹0 ₹35.54 Cr
Profit Before Tax -₹23.43 Cr ₹396.46 Cr ₹319.43 Cr -₹76.66 Cr -₹54.32 Cr ₹63.3 Cr ₹44.98 Cr
Total Tax Expense -₹7.25 Cr -₹32.14 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Net Profit -₹16.18 Cr ₹428.6 Cr ₹319.43 Cr -₹76.66 Cr -₹54.32 Cr ₹63.3 Cr ₹44.98 Cr
Other Comprehensive Income ₹54 Lakh -₹2.78 Cr -₹2.24 Cr -₹2.03 Cr ₹39 Lakh ₹1.34 Cr -₹2.7 Cr
Total Comprehensive Income -₹15.64 Cr ₹425.82 Cr ₹317.19 Cr -₹78.69 Cr -₹53.93 Cr ₹64.64 Cr ₹42.28 Cr
EBITDA (computed) ₹47.6 Cr ₹379.59 Cr ₹424.48 Cr ₹141.24 Cr ₹99.14 Cr ₹230.04 Cr ₹154.84 Cr
Basic EPS ₹-12.70 ₹336.42 ₹250.73 ₹-60.17 ₹-42.64 ₹49.69 ₹35.31
Diluted EPS ₹-12.70 ₹336.42 ₹250.73 ₹-60.17 ₹-42.64 ₹49.69 ₹35.31
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,991.48 Cr ₹1,897.36 Cr ₹1,800.63 Cr ₹1,709.02 Cr
Non-current Assets ₹883.46 Cr ₹794.06 Cr ₹716.88 Cr ₹690.65 Cr
Current Assets ₹1,108.02 Cr ₹1,103.3 Cr ₹1,083.75 Cr ₹1,018.37 Cr
Property, Plant & Equipment ₹621 Cr ₹594.67 Cr ₹592.73 Cr ₹614.9 Cr
Inventories ₹570.63 Cr ₹592.57 Cr ₹613.25 Cr ₹566.19 Cr
Trade Receivables ₹247.63 Cr ₹245.84 Cr ₹212.8 Cr ₹197.13 Cr
Cash & Equivalents ₹33.57 Cr ₹8.79 Cr ₹54.88 Cr ₹65.64 Cr
Equity (Net Worth) -₹109.06 Cr -₹113.43 Cr -₹722.22 Cr -₹1,039.41 Cr
Equity Share Capital ₹12.74 Cr ₹12.74 Cr ₹12.74 Cr ₹12.74 Cr
Borrowings (Non-current) ₹0 ₹353.26 Cr ₹606.55 Cr ₹244.88 Cr
Borrowings (Current) ₹997.06 Cr ₹866.45 Cr ₹1,066.49 Cr ₹1,643.74 Cr
Total Debt (computed) ₹997.06 Cr ₹1,219.71 Cr ₹1,673.04 Cr ₹1,888.62 Cr
Current Liabilities ₹2,060.42 Cr ₹1,625.95 Cr ₹1,891.72 Cr ₹2,482.02 Cr
Total Liabilities ₹2,100.54 Cr ₹2,010.79 Cr ₹2,522.85 Cr ₹2,748.43 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
Operating Cash Flow ₹350.93 Cr ₹328.38 Cr ₹351.34 Cr ₹105.99 Cr ₹179.25 Cr ₹224.98 Cr
Investing Cash Flow -₹99.26 Cr -₹104.94 Cr -₹68.17 Cr -₹2.48 Cr -₹14.15 Cr -₹62.51 Cr
Financing Cash Flow -₹226.89 Cr -₹269.53 Cr -₹293.93 Cr -₹101.88 Cr -₹189.29 Cr -₹103.9 Cr
Capital Expenditure ₹98.42 Cr ₹89.06 Cr ₹68.6 Cr ₹17.5 Cr ₹40.11 Cr ₹40.82 Cr
Free Cash Flow (computed) ₹252.51 Cr ₹239.32 Cr ₹282.74 Cr ₹88.49 Cr ₹139.14 Cr ₹184.16 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹24.78 Cr -₹46.09 Cr -₹10.76 Cr ₹1.63 Cr -₹24.19 Cr ₹58.57 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,139.99 Cr ₹903.79 Cr ₹814.26 Cr ₹834.05 Cr ₹1,161.08 Cr ₹1,081.23 Cr ₹813.68 Cr ₹1,059.38 Cr ₹1,217.57 Cr ₹1,137.33 Cr ₹985.15 Cr ₹931.45 Cr
Other Income ₹1.97 Cr ₹38 Lakh ₹1.33 Cr ₹77 Lakh ₹2.4 Cr ₹2.73 Cr ₹1.54 Cr ₹88 Lakh ₹1.78 Cr ₹37 Lakh ₹1.73 Cr ₹46 Lakh
Total Income ₹1,141.96 Cr ₹904.17 Cr ₹815.59 Cr ₹834.82 Cr ₹1,163.48 Cr ₹1,083.96 Cr ₹815.22 Cr ₹1,060.26 Cr ₹1,219.35 Cr ₹1,137.7 Cr ₹986.88 Cr ₹931.91 Cr
Cost of Materials Consumed ₹799.31 Cr ₹645.24 Cr ₹589.65 Cr ₹645.99 Cr ₹717.4 Cr ₹717.01 Cr ₹583.92 Cr ₹705.23 Cr ₹815.53 Cr ₹809.41 Cr ₹667.51 Cr ₹696.18 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹19 Lakh ₹4.99 Cr ₹19.29 Cr ₹11.2 Cr ₹20.31 Cr ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹50.12 Cr ₹45.51 Cr ₹3.9 Cr -₹69.83 Cr ₹121.77 Cr ₹11.52 Cr -₹73.12 Cr -₹32.29 Cr ₹14.2 Cr -₹21.54 Cr ₹7.27 Cr -₹15.18 Cr
Employee Benefit Expense ₹56.66 Cr ₹62 Cr ₹58.11 Cr ₹50.89 Cr ₹50.79 Cr ₹46.27 Cr ₹49.51 Cr ₹52.28 Cr ₹42.24 Cr ₹42.98 Cr ₹43.02 Cr ₹32.71 Cr
Finance Costs ₹3.85 Cr ₹4.91 Cr ₹7.18 Cr ₹8.19 Cr ₹8.18 Cr ₹11.99 Cr ₹11.6 Cr ₹13.75 Cr ₹17.29 Cr ₹7.55 Cr ₹13.32 Cr ₹21.66 Cr
Depreciation & Amortisation ₹11.05 Cr ₹11.11 Cr ₹10.54 Cr ₹10.58 Cr ₹12.16 Cr ₹10.68 Cr ₹10.95 Cr ₹10.6 Cr ₹10.98 Cr ₹11.17 Cr ₹11.57 Cr ₹11.51 Cr
Other Expenses ₹209.06 Cr ₹181.69 Cr ₹174.73 Cr ₹155.07 Cr ₹201.66 Cr ₹179.15 Cr ₹174.87 Cr ₹181.57 Cr ₹214.13 Cr ₹180.58 Cr ₹176.51 Cr ₹145.81 Cr
Total Expenses ₹1,130.05 Cr ₹950.46 Cr ₹844.11 Cr ₹801.08 Cr ₹1,116.95 Cr ₹995.91 Cr ₹768.93 Cr ₹951.45 Cr ₹1,114.37 Cr ₹1,030.15 Cr ₹919.2 Cr ₹892.69 Cr
Profit Before Exceptional Items & Tax ₹11.91 Cr -₹46.29 Cr -₹28.52 Cr ₹33.74 Cr ₹46.53 Cr ₹88.05 Cr ₹46.29 Cr ₹108.81 Cr ₹104.98 Cr ₹107.55 Cr ₹67.68 Cr ₹39.22 Cr
Exceptional Items ₹5.73 Cr ₹0 ₹0 ₹0 ₹106.78 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹17.64 Cr -₹46.29 Cr -₹28.52 Cr ₹33.74 Cr ₹153.31 Cr ₹88.05 Cr ₹46.29 Cr ₹108.81 Cr ₹104.98 Cr ₹107.55 Cr ₹67.68 Cr ₹39.22 Cr
Total Tax Expense ₹4.28 Cr -₹10.79 Cr -₹6.81 Cr ₹6.07 Cr -₹32.14 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Profit ₹13.36 Cr -₹35.5 Cr -₹21.71 Cr ₹27.67 Cr ₹185.45 Cr ₹88.05 Cr ₹46.29 Cr ₹108.81 Cr ₹104.98 Cr ₹107.55 Cr ₹67.68 Cr ₹39.22 Cr
Other Comprehensive Income ₹2.63 Cr -₹70 Lakh -₹69 Lakh -₹70 Lakh -₹1.1 Cr -₹56 Lakh -₹56 Lakh -₹56 Lakh -₹1.56 Cr -₹10 Lakh -₹7 Lakh -₹51 Lakh
Total Comprehensive Income ₹15.99 Cr -₹36.2 Cr -₹22.4 Cr ₹26.97 Cr ₹184.35 Cr ₹87.49 Cr ₹45.73 Cr ₹108.25 Cr ₹103.42 Cr ₹107.45 Cr ₹67.61 Cr ₹38.71 Cr
EBITDA (computed) ₹26.81 Cr -₹30.27 Cr -₹10.8 Cr ₹52.51 Cr ₹66.87 Cr ₹110.72 Cr ₹68.84 Cr ₹133.16 Cr ₹133.25 Cr ₹126.27 Cr ₹92.57 Cr ₹72.39 Cr
Basic EPS ₹10.49 ₹-27.87 ₹-17.04 ₹21.72 ₹145.57 ₹69.11 ₹36.33 ₹85.41 ₹82.40 ₹84.42 ₹53.12 ₹30.78
Diluted EPS ₹10.49 ₹-27.87 ₹-17.04 ₹21.72 ₹145.57 ₹69.11 ₹36.33 ₹85.41 ₹82.40 ₹84.42 ₹53.12 ₹30.78
Latest 12 quarters shown of 24 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Not Applicable ₹0 ₹0 ₹0 ₹0
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Not Applicable ₹0 ₹0 - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Electrotherm (India) Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Electrotherm (India) Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 29.90%, foreign institutional investors hold 5.86%, domestic institutional investors hold 0.80%, retail and other public shareholders hold 63.43% of Electrotherm (India) Limited. The company had 9,635 shareholders on record.

Promoters: 29.90%DII (Domestic Institutional): 0.80%FII (Foreign Institutional): 5.86%Retail & Others: 63.43%
Mar 2026
QUARTER
29.90% Promoters
0.80% DII (Domestic Institutional)
5.86% FII (Foreign Institutional)
63.43% Retail & Others
Promoter holding - history
Now 29.90% · Mar 2026High 32.83% · Dec 2015Low 29.57% · Feb 2017
28%29.5%31%32.5%34%Dec 2015Mar 2018Sep 2020Mar 2023Sep 2025Dec 2015: 32.83%Mar 2016: 32.83%Jun 2016: 32.83%Sep 2016: 32.83%Dec 2016: 32.83%Feb 2017: 29.57%Mar 2017: 29.57%Jun 2017: 29.57%Sep 2017: 29.92%Dec 2017: 30.32%Mar 2018: 30.94%Jun 2018: 31.31%Sep 2018: 31.31%Dec 2018: 31.31%Mar 2019: 31.31%Jun 2019: 31.31%Sep 2019: 31.31%Dec 2019: 31.31%Mar 2020: 31.31%Jun 2020: 31.31%Sep 2020: 31.31%Dec 2020: 31.31%Mar 2021: 31.31%Jun 2021: 31.31%Sep 2021: 31.31%Dec 2021: 31.31%Mar 2022: 31.31%Jun 2022: 31.04%Sep 2022: 31.04%Dec 2022: 31.04%Mar 2023: 31.04%Jun 2023: 31.04%Sep 2023: 31.04%Dec 2023: 31.04%Mar 2024: 31.04%Jun 2024: 31.04%Sep 2024: 30.69%Dec 2024: 29.90%Mar 2025: 29.90%Jun 2025: 29.90%Sep 2025: 29.90%Dec 2025: 29.90%Mar 2026: 29.90%32.83%29.57%29.90%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters29.90%29.90%29.90%29.90%29.90%29.90%
Public70.10%70.10%70.10%70.10%70.10%70.10%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters29.90%29.90%31.04%31.04%31.31%31.31%31.31%31.31%30.94%29.57%32.83%
Public70.10%70.10%68.96%68.96%68.69%68.69%68.69%68.69%69.06%70.43%67.17%
Promoter change (YoY, %pts)+0.00-1.14+0.00-0.27+0.00+0.00+0.00+0.37+1.37-3.26-

Board & Governance of Electrotherm (India) Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Electrotherm (India) Limited has 6 directors - 3 independent and 3 executive. The board is chaired by Dinesh Shankar Mukati.

DirectorPositionOn board sinceListed boards
Dinesh Shankar Mukati Non-Executive - Independent Director · Chairperson 2017-09-05 1
Shailesh Bhanwarlal Bhandari Executive Director · MD 1989-06-27 1
Suraj Shailesh Bhandari Executive Director · MD 2019-11-13 1
Mohan Pratap Non-Executive - Independent Director 2017-09-05 1
Nivedita Ravindra Sarda Non-Executive - Independent Director 2018-05-25 2
Tushar Kantilal Jani Executive Director 2025-04-10 1
Board Committees
CommitteeMembers
Audit Committee Mohan Pratap (Chairperson), Dinesh Shankar Mukati, Nivedita Ravindra Sarda
Nomination and remuneration committee Mohan Pratap (Chairperson), Dinesh Shankar Mukati, Nivedita Ravindra Sarda
Stakeholders Relationship Committee Nivedita Ravindra Sarda (Chairperson), Shailesh Bhanwarlal Bhandari, Mohan Pratap
Corporate Social Responsibility Committee Shailesh Bhanwarlal Bhandari (Chairperson), Dinesh Shankar Mukati, Mohan Pratap
Management Committee Mohan Pratap (Chairperson), Dinesh Shankar Mukati, Suraj Shailesh Bhandari

Group Structure of Electrotherm (India) Limited

Electrotherm (India) Limited has 4 subsidiary companies and 1 joint venture. This group structure data is as of FY 2024. The corporate group structure reflects Electrotherm (India) Limited's business expansion strategy and organizational complexity.

4
Subsidiary companies
1
Joint ventures
Key Subsidiaries
Company Name CIN Shares Held
Shree Ram Electro Cast Limited U27109GJ2004PLC066347 -
Et Elec-Trans Limited U34102GJ2008PLC055557 -
Hans Ispat Limited U51109GJ1991PLC057955 -
Electrotherm Services Limited U74110GJ1995PLC064736 -

Showing major subsidiaries. Total: 4.

Charges & Borrowings of Electrotherm (India) Limited

Open charges
₹4,470.66 Cr
Satisfied charges
₹3,878.94 Cr
Breakdown by lending institutions
Others₹3,658.59 Cr
Edelweiss Asset Reconstruction Company Limited₹577.07 Cr
Indian Overseas Bank₹200.00 Cr
State Bank of Indore₹25.00 Cr
Centurion Bank of Punjab Limited₹10.00 Cr
Latest charge details
DateLenderAmountStatus
18 Nov 2011 Others ₹200 Cr Open
18 Nov 2011 Indian Overseas Bank ₹100 Cr Open
12 Nov 2011 Edelweiss Asset Reconstruction Company Limited ₹278.47 Cr Open
24 Oct 2011 Edelweiss Asset Reconstruction Company Limited ₹181 Cr Open
28 Sep 2011 Edelweiss Asset Reconstruction Company Limited ₹3.6 Cr Open

Total charge records: 52 View all charges

Employees and EPFO Compliance at Electrotherm (India) Limited

Electrotherm (India) Limited has a workforce of 1,028 employees as of Nov 24, 2025.

Employee count
1,028
Active EPFO establishments
1
Employee growth
13.97%
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Employee and EPFO history for Electrotherm (India) Limited

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GST Compliance of Electrotherm (India) Limited

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Credit Ratings, Litigation & Regulatory Alerts for Electrotherm (India) Limited

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MSME Payment Delays by Electrotherm (India) Limited

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MSME payment history for Electrotherm (India) Limited

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Subsidiaries & Group Companies of Electrotherm (India) Limited

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Corporate group structure for Electrotherm (India) Limited

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MCA Filings & Documents of Electrotherm (India) Limited

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MCA filings and documents for Electrotherm (India) Limited

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Recent Activity on Electrotherm (India) Limited

Charges
31 Mar 2026
A charge registered on 03 Oct 2011 via Charge ID 10318007 with Others was fully satisfied on 31 Mar 2026.
Charges
31 Mar 2026
A charge with Others of Rs. 1,013.75 Cr registered on 27 Nov 2008 with Charge ID 10133263 was modified on 31 Mar 2026.
Charges
31 Mar 2026
A charge with Others of Rs. 145.00 Cr registered on 21 Mar 2008 with Charge ID 10096569 was modified on 31 Mar 2026.
Charges
31 Mar 2026
A charge with Others of Rs. 1,013.75 Cr registered on 24 Feb 2006 with Charge ID 80032399 was modified on 31 Mar 2026.
Charges
31 Mar 2026
A charge with Others of Rs. 201.46 Cr registered on 24 Feb 2006 with Charge ID 80032400 was modified on 31 Mar 2026.
Activity
10 Sep 2025
Electrotherm (India) Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.

Recent News on Electrotherm (India) Limited

Frequently Asked Questions about Electrotherm (India) Limited

Electrotherm (India) Limited is an active public limited company in the machinery and equipment sector based in Ahmadabad City, Gujarat, India. It was incorporated on 29 October 1986 (40+ years old) and is registered under CIN L29249GJ1986PLC009126. Listed on BSE: 526608 and NSE: ELECTHERM. The company has 1,028 employees.

Electrotherm (India) Limited reported revenue of ₹3,692.09 Cr for FY 2026 (down 10.29% YoY) based on consolidated NSE filings.

The current directors of Electrotherm (India) Limited are:

The primary industry of Electrotherm (India) Limited is machinery and equipment. The company specifically operates in process machinery and industrial equipment. The company is currently active in this sector.

Yes. Electrotherm (India) Limited is listed on both BSE (code: 526608) and NSE (symbol: ELECTHERM).

Electrotherm (India) Limited can be reached at the registered office: 502 Parshwa Tower Opp. Tej Motors, Nr. Madhur Hotel Sarkhej Gandhinagar Highway, Ahmadabad City, Gujarat, India – 380054, or through the website electrotherm.com.

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