Electrotherm (India) Limited

BSE: 526608 NSE: ELECTHERM
Electrotherm (India) Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L29249GJ1986PLC009126 Incorporated 29 October 1986 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: ELECTHERM · BSE: 526608 Public Limited Company machinery and equipment
Data last updated
Market Cap
₹738 Cr
ELECTHERM · NSE
Share Price
₹605.00
+4.42% today
Revenue
₹3,692 Cr
FY 2025-26 · -10.3% YoY
EBITDA
₹35.79 Cr
Margin 1.0%
Net Profit
−₹12.01 Cr
FY 2025-26 · -103.7% YoY
Authorised capital
₹78.59 Cr
Registered with MCA
Paid-up capital
₹23.69 Cr
Issued & subscribed
Open charges
₹4,470.66 Cr
Satisfied ₹3,878.94 Cr

About Electrotherm (India) Limited

Data last updated:

Electrotherm (India) Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 29 October 1986 and has been in existence for over 40 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L29249GJ1986PLC009126. Its GSTIN is 24AAACE2669L1ZI (Gujarat). The company holds 19 GST registrations, of which 7 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 526608 and NSE: ELECTHERM.

The company has an authorised share capital of ₹78.59 Cr and a paid-up capital of ₹23.69 Cr. It was formerly known as Foremost Chemicals Limited. It is led by directors including Shailesh Bhanwarlal Bhandari (Managing Director) and Suraj Shailesh Bhandari (Managing Director).

Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,692.09 Cr, a decline of 10.3% compared to the previous year. For the same year it recorded a net loss of ₹12.01 Cr (net margin -0.3%) and EBITDA of ₹35.79 Cr (EBITDA margin 1%). Total assets are valued at ₹948.16 Cr (down 18.1% YoY).

The company has about 1,028 employees on its provident fund (EPFO) records. 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

CIN L29249GJ1986PLC009126
Registration Number 009126
Incorporation Date 29 October 1986
ROC Ahmedabad
Listing Status Listed - Listed on NSE (ELECTHERM); Listed on BSE (526608)
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

CIN history

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

CINStatus
L29249GJ1986PLC009126Current
L24110GJ1986PLC009126Previous
Key People
Shailesh Bhanwarlal Bhandari Managing Director Suraj Shailesh Bhandari Managing Director Tushar Kantilal Jani Whole-Time Director

Contact details

Electrotherm (India) Limited's registered office is in Ahmadabad City, Gujarat. Its website is electrotherm.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    electrotherm.com
  • Social Media
  • Registered Address
    502 Parshwa Tower Opp. Tej Motors, Nr. Madhur Hotel Sarkhej Gandhinagar Highway, Ahmedabad, Gujarat, India – 380054
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment

To see the full contact details of Electrotherm (India) Limited, buy the company report.

Comprehensive company report
Electrotherm (India) Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Business activity

The main business activity of Electrotherm (India) is manufacturing. In detail, this covers metal and metal products, electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and motor vehicles, trailers, semi trailers and other transport vehicles. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment
CManufacturingC11Motor vehicles, trailers, semi trailers and other Transport Vehicles

To see the full business activity and turnover split of Electrotherm (India) Limited, buy the company report.

Financials of Electrotherm (India) Limited

FY 2025-26 filings available

Electrotherm (India) Limited reported revenue of ₹3,692.09 Cr (down 10.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,692 Cr
-10.3% YoY
EBITDA
₹35.79 Cr
-90.3% YoY
Profit After Tax
−₹12.01 Cr
-103.7% YoY
Net Worth
−₹154 Cr
+3.1% YoY
Total Assets
₹948 Cr
-18.1% YoY
Total Debt
₹1,064 Cr
-17.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,6924,1154,2723,0742,8312,5183,200
Revenue growth-10.3%-3.7%+39.0%+8.6%+12.4%-21.3%-
EBITDA35.7936741997.8586.44220112
EBITDA margin+1.0%+8.9%+9.8%+3.2%+3.1%+8.7%+3.5%
Profit before tax(23.16)410317(11.82)(40.37)49.4824.11
Net profit(12.01)32231724.64(40.36)49.442.00
Net profit margin-0.3%+7.8%+7.4%+0.8%-1.4%+2.0%+0.1%
EPS (₹)(12.29)347.06249.08(9.28)(31.68)38.8518.92
Balance sheet
Total assets9481,1581,0149121,0241,2071,222
Net worth(154)(159)(781)(1,096)(1,082)(1,042)(1,093)
Total debt1,0641,2871,7701,9862,0872,2342,294
Cash & bank91.3972.2662.3472.7371.7297.2947.04
Net working capital57.80357275197228341305
Cash flow
Cash from operations351329351107179225177
Cash from investing(99.49)(72.17)(67.87)(2.48)(14.06)(62.20)4.95
Cash from financing(227)(303)(294)(103)(189)(104)(199)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9131,1409048148341,1611,081814
Revenue growth (YoY)+9.5%-1.8%-16.4%+0.1%-21.3%---
Other income1.518.250.391.350.771093.4614.64
EBITDA22.4024.50(30.64)(12.13)51.7664.4610767.32
EBITDA margin+2.5%+2.1%-3.4%-1.5%+6.2%+5.6%+9.9%+8.3%
Depreciation11.1311.0511.1210.5310.5812.1610.6810.95
Interest3.973.854.917.188.198.1811.9911.60
Profit before tax8.8117.85(46.28)(28.49)33.7615388.2759.41
Tax1.934.28(10.79)(6.81)6.07(32.14)0.000.00
Net profit6.8813.57(35.49)(21.68)27.6918588.2759.41
EPS (₹)5.4410.70(27.80)(16.97)21.78145.6069.3446.68
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,6924,1154,2723,0742,8302,5272,820
Revenue growth-10.3%-3.7%+39.0%+8.6%+12.0%-10.4%-
EBITDA36.1037242029.8073.05226129
EBITDA margin+1.0%+9.0%+9.8%+1.0%+2.6%+9.0%+4.6%
Profit before tax(23.43)396319(76.66)(54.32)63.3044.98
Net profit(12.53)32331928.09(31.99)63.259.44
Net profit margin-0.3%+7.8%+7.5%+0.9%-1.1%+2.5%+0.3%
EPS (₹)(12.70)336.42250.73(60.17)(42.64)49.6935.31
Balance sheet
Total assets9301,1409768721,0491,2461,250
Net worth(109)(113)(722)(1,039)(961)(907)(971)
Total debt1,0001,2241,6741,8901,9902,1372,201
Cash & bank90.9671.8361.9172.2871.2696.8146.26
Net working capital46.26346260181279407365
Cash flow
Cash from operations351328351106179225177
Cash from investing(99.26)(105)(68.17)(2.48)(14.15)(62.51)(5.74)
Cash from financing(227)(270)(294)(102)(189)(104)(184)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9131,1409048148341,1611,081814
Revenue growth (YoY)+9.5%-1.8%-16.4%+0.1%-21.3%---
Other income1.507.700.381.330.771092.731.54
Total expenses8911,1159348267821,097973746
EBITDA22.3924.84(30.65)(12.13)51.7464.4710867.30
EBITDA margin+2.5%+2.2%-3.4%-1.5%+6.2%+5.6%+10.0%+8.3%
Depreciation11.1311.0511.1110.5410.5812.1610.6810.95
Interest3.973.854.917.188.198.1811.9911.60
Profit before tax8.7917.64(46.29)(28.52)33.7415388.0546.29
Tax1.934.28(10.79)(6.81)6.07(32.14)0.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9131,1409048148341,1611,081814
Revenue growth (YoY)+9.5%-1.8%-16.4%+0.1%-21.3%---
Other income1.518.250.391.350.771093.4614.64
EBITDA22.4024.50(30.64)(12.13)51.7664.4610767.32
EBITDA margin+2.5%+2.1%-3.4%-1.5%+6.2%+5.6%+9.9%+8.3%
Depreciation11.1311.0511.1210.5310.5812.1610.6810.95
Interest3.973.854.917.188.198.1811.9911.60
Profit before tax8.8117.85(46.28)(28.49)33.7615388.2759.41
Tax1.934.28(10.79)(6.81)6.07(32.14)0.000.00
Net profit6.8813.57(35.49)(21.68)27.6918588.2759.41
EPS (₹)5.4410.70(27.80)(16.97)21.78145.6069.3446.68
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,6924,1154,2723,0742,8312,5183,200
Revenue growth-10.3%-3.7%+39.0%+8.6%+12.4%-21.3%-
Other income8.461324.656.696.544.2261.96
Total expenses3,6563,7483,8522,9762,7452,2983,088
Employee cost218199161145137135172
EBITDA35.7936741997.8586.44220112
EBITDA margin+1.0%+8.9%+9.8%+3.2%+3.1%+8.7%+3.5%
Depreciation43.2844.3946.7049.1987.90121134
Interest24.1345.5260.1467.1745.4554.0115.55
Profit before tax(23.16)410317(11.82)(40.37)49.4824.11
Tax(7.25)(32.14)0.000.010.000.010.02
Net profit(12.01)32231724.64(40.36)49.442.00
Net profit margin-0.3%+7.8%+7.4%+0.8%-1.4%+2.0%+0.1%
EPS (₹)(12.29)347.06249.08(9.28)(31.68)38.8518.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.7412.7412.7412.7412.7412.7412.74
Reserves & surplus(167)(172)(794)(1,109)(1,095)(1,055)(1,106)
Shareholders' funds (net worth)(154)(159)(781)(1,096)(1,082)(1,042)(1,093)
Minority interest0.000.000.000.000.000.000.00
Secured loans1,0791,3011,7551,9702,0702,2182,279
Unsecured loans(15.24)(14.68)15.5616.0816.5716.0114.61
Total debt1,0641,2871,7701,9862,0872,2342,294
Total liabilities9481,1581,0149121,0241,2071,222
Assets
Gross block1,5581,4901,4871,4661,4761,4291,396
Net block626601613638698738825
Capital work in progress13897.6744.1026.0832.6927.4027.59
Investments8.258.037.747.517.507.397.15
Inventories571593618571546503490
Sundry debtors259257224208167277316
Cash & bank balances91.3972.2662.3472.7371.7297.2947.04
Loans & advances201195198186164152150
Total current assets1,1221,1181,1021,0389491,0301,004
Total current liabilities1,065761827841721689698
Net working capital57.80357275197228341305
Total assets9481,1581,0149121,0241,2071,222
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash9.2255.3166.0964.4788.6830.4147.38
Net cash from operating activities351329351107179225177
Net cash from investing activities(99.49)(72.17)(67.87)(2.48)(14.06)(62.20)4.95
Net cash from financing activities(227)(303)(294)(103)(189)(104)(199)
Net change in cash24.78(46.09)(10.78)1.62(24.21)58.27(16.97)
Closing cash91.3972.2662.3472.7371.7297.2947.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-10.3%-3.7%+39.0%+8.6%+12.4%-21.3%-
EBITDA growth-90.3%-12.4%+328.7%+13.2%-60.7%+96.4%-
PBT growth-+29.1%+9998.0%+70.7%-+105.2%-83.0%
Net income growth-103.7%+1.4%+1187.6%+161.1%-181.6%+2372.0%-
Revenue CAGR (3Y)+6.3%+13.3%+19.3%-1.3%-11.2%-4.9%+12.3%
EBITDA CAGR (3Y)-28.5%+62.0%+24.0%-4.4%-34.2%+14.0%+41.4%
Profitability & leverage
Net income margin-0.4%+10.7%+7.4%-0.4%-1.4%+2.0%+0.8%
Return on capital employed0.0%+13.9%+21.8%0.0%0.0%+3.4%+0.6%
Return on net worth0.0%+37.9%-187.7%0.0%0.0%+6.4%+0.3%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-322.1614.0916.13138.04-3,113.0154.41-69.73
Efficiency & per share
Fixed asset turnover2.422.762.892.091.951.782.30
Inventory turnover6.346.807.195.505.395.076.07
Debtors turnover14.3117.1119.7616.3812.748.489.85
EPS (₹)(12.29)347.06249.08(9.28)(31.68)38.8518.92
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(120.78)(124.63)(613.12)(860.45)(849.58)(818.19)(858.18)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9131,1409048148341,1611,081814
Revenue growth (YoY)+9.5%-1.8%-16.4%+0.1%-21.3%---
Other income1.507.700.381.330.771092.731.54
Total expenses8911,1159348267821,097973746
EBITDA22.3924.84(30.65)(12.13)51.7464.4710867.30
EBITDA margin+2.5%+2.2%-3.4%-1.5%+6.2%+5.6%+10.0%+8.3%
Depreciation11.1311.0511.1110.5410.5812.1610.6810.95
Interest3.973.854.917.188.198.1811.9911.60
Profit before tax8.7917.64(46.29)(28.52)33.7415388.0546.29
Tax1.934.28(10.79)(6.81)6.07(32.14)0.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,6924,1154,2723,0742,8302,5272,820
Revenue growth-10.3%-3.7%+39.0%+8.6%+12.0%-10.4%-
Other income7.881144.346.693.763.8061.27
Total expenses3,6563,7433,8513,0442,7572,3012,691
Employee cost218199161145134130165
EBITDA36.1037242029.8073.05226129
EBITDA margin+1.0%+9.0%+9.8%+1.0%+2.6%+9.0%+4.6%
Depreciation43.2844.3945.2347.0885.78117130
Interest24.1345.5259.8266.0745.3549.8915.41
Profit before tax(23.43)396319(76.66)(54.32)63.3044.98
Tax(7.25)(32.14)0.000.000.000.000.00
Net profit(12.53)32331928.09(31.99)63.259.44
Net profit margin-0.3%+7.8%+7.5%+0.9%-1.1%+2.5%+0.3%
EPS (₹)(12.70)336.42250.73(60.17)(42.64)49.6935.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.7412.7412.7412.7412.7412.7412.74
Reserves & surplus(122)(126)(735)(1,052)(973)(920)(984)
Shareholders' funds (net worth)(109)(113)(722)(1,039)(961)(907)(971)
Secured loans9951,2172,7231,8861,9862,1332,198
Unsecured loans5.796.35(1,048)4.044.533.972.57
Total debt1,0001,2241,6741,8901,9902,1372,201
Total liabilities9301,1409768721,0491,2461,250
Assets
Gross block1,5581,4891,4451,4241,3981,3511,319
Net block626600596620641680764
Capital work in progress13897.6744.1026.0832.6827.3926.82
Investments10.0510.0810.049.8446.3046.2045.98
Inventories571593613566542495477
Sundry debtors248246213197176293338
Cash & bank balances90.9671.8361.9172.2871.2696.8146.26
Loans & advances199193196183206173171
Total current assets1,1081,1031,0841,0189951,0581,033
Total current liabilities1,062758824837716651668
Net working capital46.26346260181279407365
Total assets9301,1409768721,0491,2461,250
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash8.7954.8865.6464.0188.2029.6343.15
Net cash from operating activities351328351106179225177
Net cash from investing activities(99.26)(105)(68.17)(2.48)(14.15)(62.51)(5.74)
Net cash from financing activities(227)(270)(294)(102)(189)(104)(184)
Net change in cash24.78(46.09)(10.76)1.63(24.19)58.57(13.52)
Closing cash90.9671.8361.9172.2871.2696.8146.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-10.3%-3.7%+39.0%+8.6%+12.0%-10.4%-
EBITDA growth-90.3%-11.5%+1309.9%-59.2%-67.7%+75.2%-
PBT growth-+24.1%+9998.0%-41.1%-+40.7%-68.1%
Net income growth-103.9%+1.0%+1037.0%+187.8%-150.6%+570.0%-
Revenue CAGR (3Y)+6.3%+13.3%+19.1%+2.9%-6.4%-2.6%+12.7%
EBITDA CAGR (3Y)+6.6%+72.1%+22.9%-38.7%-37.5%+13.5%+29.3%
Profitability & leverage
Net income margin-0.4%+10.4%+7.5%-2.5%-1.9%+2.5%+1.6%
Return on capital employed0.0%+14.8%+23.2%0.0%0.0%+3.9%+0.8%
Return on net worth0.0%+40.7%-189.3%0.0%0.0%+8.9%+1.4%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-336.0713.8915.96-382.35-356.2545.61-1,751.14
Efficiency & per share
Fixed asset turnover2.422.802.982.182.061.892.17
Inventory turnover6.356.837.245.555.465.205.63
Debtors turnover14.9617.9520.8416.4712.078.018.12
EPS (₹)(12.70)336.42250.73(60.17)(42.64)49.6935.31
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(85.60)(89.03)(566.89)(815.86)(754.10)(711.77)(762.50)

To see the full year-wise statements and ratios of Electrotherm (India) Limited, buy the company report.

Board of directors of Electrotherm (India) Limited

Electrotherm (India) has 10 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Nivedita Ravindra Sarda
Also directs: Vedanta Law Chambers LLP, Mayur Uniquoters Limited, Edge Warehousing III Private Limited and 3 more
Director25 May 20188 Years 5 MonthsCurrent
Shailesh Bhanwarlal Bhandari
Also directs: Jayshri Petro-Yarn Private Limited, Sun Silicon Solutions Private Limited, Shree Ram Electro Cast Limited and 5 more
Managing Director29 Mar 200719 Years 7 MonthsCurrent
Dinesh Shankar MukatiDirector05 Sep 20179 Years 1 MonthsCurrent
Suraj Shailesh Bhandari
Also directs: Western India Speciality Hospital Limited, Legacy Capital LLP
Managing Director13 Nov 20196 Years 11 MonthsCurrent
Mohan PratapDirector05 Sep 20179 Years 1 MonthsCurrent
Tushar Kantilal JaniWhole-Time Director10 Apr 20251 Years 6 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Auditor

Electrotherm (India) Limited is audited by HITESH PRAKASH SHAH & CO. for the financial year 2025.

Auditor firmFinancial yearFirm registration number
HITESH PRAKASH SHAH & CO.FY 2025127614W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 29.90%, foreign institutional investors hold 9.30%, domestic institutional investors hold 0.80% and retail and other public shareholders hold 60.10%.

Promoters: 29.90%DII (Domestic Institutional): 0.80%FII (Foreign Institutional): 9.30%Retail & Others: 60.10%
Sep 2026
QUARTER
29.90% Promoters
0.80% DII (Domestic Institutional)
9.30% FII (Foreign Institutional)
60.10% Retail & Others
Promoter holding - history
Now 29.90% · Sep 2026High 29.90% · Dec 2025Low 29.90% · Dec 2025
28%28.8%29.5%30.3%31%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 29.90%Mar 2026: 29.90%Jun 2026: 29.90%Sep 2026: 29.90%29.90%29.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters29.90%29.90%29.90%29.90%
Public70.10%70.10%70.10%70.10%

Charges & borrowings

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
DateCharge IDLenderAmountStatusModified or satisfied on
18 Nov 201110317944Others₹200 CrOpen
18 Nov 201110317950Indian Overseas Bank₹100 CrOpen
12 Nov 201110321481Edelweiss Asset Reconstruction Company Limited₹278.47 CrOpen
24 Oct 201110323332Edelweiss Asset Reconstruction Company Limited₹181 CrOpen
28 Sep 201110314939Edelweiss Asset Reconstruction Company Limited₹3.6 CrOpen

To see the full charge records of Electrotherm (India) Limited, buy the company report.

Total charge records: 52 View all charges

MSME payment delays

Electrotherm (India) Limited has 32 MSME Form 1 returns on record between 2017 and 2023, listing 22,099 overdue payments to 345 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 345)

SupplierAmount dueDue sinceReported on
Chirag Industries
an individual supplier
an individual supplier
Atlas Cable Industries
an individual supplier

To see the full MSME payment records of Electrotherm (India) Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Electrotherm (India) has 4 subsidiary companies and 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

4
Subsidiary companies
1
Joint ventures
Key subsidiaries
Company NameCINShares held
Shree Ram Electro Cast LimitedU27109GJ2004PLC066347
Et Elec-Trans LimitedU34102GJ2008PLC055557
Hans Ispat LimitedU51109GJ1991PLC057955
Electrotherm Services LimitedU74110GJ1995PLC064736

To see the full group structure of Electrotherm (India) Limited, buy the company report.

Employees & EPFO

Electrotherm (India) Limited has a workforce of 1,028 employees on its EPFO records as of Nov 24, 2025, across 1 active EPFO establishment.

Employee count
1,028
Active EPFO establishments
1
Employee growth
13.97%

GST

Electrotherm (India) has 19 GST registrations: 7 active and 12 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
19
Active
7
Cancelled / inactive
12
GSTINStateStatusRegistered on
24AAACE2669L1ZIGujaratActive01 Jul 2017
24AAACE2669L1DRGujaratActive30 Oct 2024
09AAACE2669L1ZAUttar PradeshActive01 Jul 2017
19AAACE2669L1Z9West BengalActive01 Jul 2017

To see the full GST registrations and return filing status of Electrotherm (India) Limited, buy the company report.

Recent activity

Electrotherm (India) Limited has 68 board changes on record since 1994: 40 appointments and 28 cessations. The latest: Davesh Khandelwal was appointed as Whole-Time Director on 26 Aug 2026.

Appointed
Davesh Khandelwal was appointed as Whole-Time Director.
Appointed
Rajesh Bhalchandra Patel was appointed as Director.
Appointed
Harish Mukati was appointed as Whole-Time Director.
Appointed
Raj Kumar Bansal was appointed as Director.
Charges
A charge registered on 03 Oct 2011 via Charge ID 10318007 with Others was fully satisfied on 31 Mar 2026.
Charges
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
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
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
A charge with Others of Rs. 201.46 Cr registered on 24 Feb 2006 with Charge ID 80032400 was modified on 31 Mar 2026.
AGM
Electrotherm (India) Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Appointed
Tushar Kantilal Jani was appointed as Whole-Time Director.
Charges
A charge registered on 29 Sep 2011 via Charge ID 10314943 with Invent Assets Securitisation And Reconstruction Private Limited was fully satisfied on 07 Apr 2025.

164 earlier events are in the company report.

News

Frequently asked questions

Electrotherm (India) is an active public limited company based in Ahmedabad, Gujarat, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 29 October 1986 (40+ years old) and is registered under CIN L29249GJ1986PLC009126. Listed on BSE: 526608 and NSE: ELECTHERM.

Electrotherm (India) reported revenue of ₹3,692.09 Cr for FY 2025-26 (down 10.3% YoY) based on consolidated financials.

Electrotherm (India) has 10 current directors:

The latest financial statements of Electrotherm (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Electrotherm (India) is 24AAACE2669L1ZI, registered in Gujarat. The company has 19 GST registrations in all, of which 7 are active and 12 are cancelled or inactive. Other active GSTINs include 24AAACE2669L1DR (Gujarat), 09AAACE2669L1ZA (Uttar Pradesh), 19AAACE2669L1Z9 (West Bengal).

The CIN (Corporate Identification Number) of Electrotherm (India) is L29249GJ1986PLC009126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Electrotherm (India) is a listed company as per MCA records. Its shares are listed on both BSE (code: 526608) and NSE (symbol: ELECTHERM).

Electrotherm (India) was incorporated on 29 October 1986, making it 40+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Davesh Khandelwal was appointed as Whole-Time Director on 26 Aug 2026. Rajesh Bhalchandra Patel was appointed as Director on 26 Aug 2026. Harish Mukati was appointed as Whole-Time Director on 20 Jul 2026. Electrotherm (India) has 68 board changes on record in total.

Electrotherm (India) has 32 MSME Form 1 returns on record between 2017 and 2023, listing 22,099 overdue payments to 345 micro and small suppliers. The latest return was filed on 22 Nov 2023.

Electrotherm (India) can be reached through the website electrotherm.com. Its registered office is in Ahmedabad, Gujarat, India.