Electrotherm (India) Ltd
About
Electrotherm is a global metal melting company led by Suraj Bhandari. It asserts a 65% market share in the Indian steelmaking industry today through its induction melting equipment. With the support of its manufacturing plants in Kalol and Kutch, Electrotherm produced thermo-mechanically treated (TMT) bars and ductile iron (DI) pipes. Its offerings are categorised under engineering and technologies, steel and pipes, electric vehicles, renewables, transformers, and transmission line towers. Electrotherm serves global markets in 72 countries like Kuwait, Bahrain, Malaysia, Singapore, Canada, Spain, and Congo. Electrotherm’s battery-operated two-wheelers, the first of their kind in India, echo its green energy initiative and promote its renewable energy division.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4291 39.7% | 3071 6.5% | 2883 14.2% | 2525 -22.7% | 3264 -21.2% | 4142 39.6% | 2968 25.8% | 2359 15.2% | 2048 7.1% | 1913 227.9% | 583 -52.3% | 1224 -49.8% | 2438 -15.9% | 2898 44.5% | 2006 12.6% | 1782 - |
| Net Operating Income (INR Cr) | 4272 38.95% | 3074 8.57% | 2831 12.44% | 2518 -21.60% | 3212 -20.50% | 4040 38.01% | 2927 29.62% | 2259 7.51% | 2101 2.60% | 2048 167.82% | 765 -38.35% | 1240 -51.97% | 2582 8.34% | 2383 19.00% | 2003 19.02% | 1683 26.97% |
| Profit (INR Cr) | 317 - | -12 - | -40 - | 49 105.4% | 24 -83.0% | 142 4692.2% | 3 - | -91 - | -180 - | -478 - | -322 - | -266 - | -782 - | 8 -84.2% | 53 1.0% | 53 - |
| Assets (INR Cr) | 1014 11.2% | 912 -11.0% | 1024 -15.2% | 1207 -1.2% | 1222 -13.2% | 1407 -6.0% | 1497 -12.8% | 1717 -11.7% | 1945 -9.0% | 2137 -19.7% | 2663 -11.5% | 3007 -6.3% | 3210 -3.9% | 3339 50.0% | 2226 31.6% | 1691 - |
| Net Worth (INR Cr) | -781 28.7% | -1096 -1.3% | -1082 -3.8% | -1042 4.7% | -1093 10.5% | -1222 10.3% | -1362 0.3% | -1366 -9.0% | -1254 -11.7% | -1123 -72.1% | -652 -142.6% | -269 -342.0% | -61 -108.6% | 709 2.3% | 693 54.3% | 449 20.2% |
| Employee Cost (INR Cr) | 161 11.2% | 145 5.6% | 137 1.9% | 135 -12.7% | 154 -6.2% | 164 15.3% | 143 11.2% | 128 14.8% | 112 10.8% | 101 132.4% | 43 -44.2% | 78 -45.6% | 143 88.3% | 76 45.2% | 52 33.1% | 39 - |
| Interest Cost (INR Cr) | 60 | 67 | 45 | 54 | 19 | 38 | 5 | 4 | 1 | 10 | 10 | 107 | 503 | 203 | 133 | 115 |
| Cash & Bank Balance (INR Cr) | 62 | 73 | 72 | 97 | 47 | 63 | 54 | 40 | 81 | 55 | 34 | 31 | 50 | 124 | 188 | 67 |
| Total Debt (INR Cr) | 1770 | 1986 | 2087 | 2234 | 2294 | 2616 | 2851 | 3073 | 3146 | 3185 | 3233 | 3251 | 3176 | 2522 | 1516 | 1230 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 7.4% | - | - | 2.0% | 0.7% | 3.4% | 0.1% | - | - | - | - | - | - | 0.3% | 2.7% | 3.0% |
| Profit As % Of Assets | 31.3% | - | - | 4.1% | 2.0% | 10.1% | 0.2% | - | - | - | - | - | - | 0.3% | 2.4% | 3.1% |
| Profit As % Of Networth | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.2% | 7.7% | 11.8% |
| Interest Cost to EBITDA % | 14.3% | 68.7% | 52.6% | 24.6% | 16.8% | 12.7% | 3.4% | 11.1% | - | - | - | - | - | 65.4% | 49.1% | 48.7% |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.56 | 2.19 | 2.74 |
| RONW | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.2% | 9.2% | 12.7% |
| ROCE | 21.8% | 0.0% | 0.0% | 3.4% | 0.7% | 5.3% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.2% | 11.1% | 13.6% |