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.
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Registered Address502 Parshwa Tower Opp. Tej Motors, Nr. Madhur Hotel Sarkhej Gandhinagar Highway, Ahmadabad City, Gujarat, India – 380054
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IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
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
Verified entity values are shown only after access is granted.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Nivedita Ravindra Sarda
Also directs:
Vedanta Law Chambers Llp, Mayur Uniquoters Limited, Edge Warehousing Iii Private Limited and 3 more
|
Director | 25 May 2018 | 8 Years 1 Months | Current |
|
Shailesh Bhanwarlal Bhandari
Also directs:
Jayshri Petro-Yarn Private Limited, Sun Silicon Solutions Private Limited, Shree Ram Electro Cast Limited and 5 more
|
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
Also directs:
Western India Speciality Hospital Limited, Legacy Capital Llp
|
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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | - | - |
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.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 29.90% | 29.90% | 29.90% | 29.90% | 29.90% | 29.90% |
| Public | 70.10% | 70.10% | 70.10% | 70.10% | 70.10% | 70.10% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 29.90% | 29.90% | 31.04% | 31.04% | 31.31% | 31.31% | 31.31% | 31.31% | 30.94% | 29.57% | 32.83% |
| Public | 70.10% | 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.
| Director | Position | On board since | Listed 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 |
| Committee | Members |
|---|---|
| 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.
| 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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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 and EPFO history for Electrotherm (India) Limited
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GST Compliance of Electrotherm (India) Limited
GST registrations and filing compliance for Electrotherm (India) Limited
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Credit Ratings, Litigation & Regulatory Alerts for Electrotherm (India) Limited
Credit ratings, litigation, and regulatory alerts for Electrotherm (India) Limited
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MSME Payment Delays by Electrotherm (India) Limited
MSME payment history for Electrotherm (India) Limited
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Subsidiaries & Group Companies of Electrotherm (India) Limited
Corporate group structure for Electrotherm (India) Limited
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MCA Filings & Documents of Electrotherm (India) Limited
MCA filings and documents for Electrotherm (India) Limited
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Recent Activity on Electrotherm (India) Limited
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:
- Nivedita Ravindra Sarda - Director
- Shailesh Bhanwarlal Bhandari - Managing Director
- Dinesh Shankar Mukati - Director
- Suraj Shailesh Bhandari - Managing Director
- Mohan Pratap - Director
- Tushar Kantilal Jani - Whole-Time Director
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.