Ecoboard Industries
Consumer Goods
523732 BSE
₹58.89
Close ·
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹58.89 +24.69 +72.2% 1Y
Start ₹34.20
Key Fundamentals
MicrocapConsumer DurablesConsumer DiscretionaryPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- −43.00%
- Debt to Equity
- 0.36
- EPS (TTM)
- −₹4.13
- Book Value
- ₹4.47
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 13.17
- ROE
- −123.00%
- Dividend Yield
- 0.00%
- EBITDA
- −₹8.90 Cr
- 52W High
- ₹77.80
- 52W Low
- ₹32.72
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
36 Poor
Data confidence 91/100
Category scores
- Quality
- 36
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 25
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 99
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 27
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 36
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 29
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company has reduced debt.
- Company is expected to give good quarter
- Debtor days have improved from 93.7 to 66.7 days.
Weaknesses
6- Stock is trading at 7.11 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.74% over past five years.
- Company has a low return on equity of -85.3% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -12.2%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 7 | 2 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Strong Bearish
Bearish
10
Neutral
7
Bullish
2
Moving Averages
Strong Bearish
Bearish
8
Neutral
0
Bullish
2
Key readings
- RSI (14)
- 46.37
- Neutral
- MACD (12,26,9)
- −0.27
- Bearish
- SMA (50)
- 61.34
- Bearish
- SMA (200)
- 59.46
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +0.87% |
|---|---|
| 5Y | +9.86% |
| 3Y | −14.94% |
| 1Y | +84.62% |
| TTM | +289.64% |
Net profit
| 10Y | Loss narrowed by ₹5 Cr |
|---|---|
| 5Y | Turned to loss |
| 3Y | Loss widened by ₹7 Cr |
| 1Y | Loss narrowed by ₹8 Cr |
| TTM | Loss narrowed by ₹10.10 Cr |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Outflow widened by ₹16 Cr |
| 3Y | Turned negative |
| 1Y | Outflow widened by ₹17 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −10.23 pp |
|---|---|
| 5Y | −30.83 pp |
| 3Y | −27.24 pp |
| 1Y | +31.73 pp |
| TTM | +100.88 pp |
Revenue by year
| Mar 2017 | ₹16.00 Cr |
|---|---|
| Mar 2018 | ₹9.00 Cr |
| Mar 2019 | ₹20.00 Cr |
| Mar 2020 | ₹12.00 Cr |
| Mar 2021 | ₹15.00 Cr |
| Mar 2022 | ₹35.00 Cr |
| Mar 2023 | ₹39.00 Cr |
| Mar 2024 | ₹30.00 Cr |
| Mar 2025 | ₹13.00 Cr |
| Mar 2026 | ₹24.00 Cr |
Net profit by year
| Mar 2017 | −₹10.00 Cr |
|---|---|
| Mar 2018 | −₹14.00 Cr |
| Mar 2019 | −₹7.00 Cr |
| Mar 2020 | ₹15.00 Cr |
| Mar 2021 | ₹11.00 Cr |
| Mar 2022 | ₹2.00 Cr |
| Mar 2023 | −₹3.00 Cr |
| Mar 2024 | −₹7.00 Cr |
| Mar 2025 | −₹18.00 Cr |
| Mar 2026 | −₹10.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.69 | 6.49 | 8.79 | 10.78 | 5.76 | 3.27 | 1.87 | 1.81 | 1.64 | 4.91 | 9.47 | 7.89 | 11.2 |
| Expenses | 6.33 | 7.94 | 8.61 | 10 | 6.54 | 5.65 | 4.85 | 4.73 | 4.44 | 7.42 | 10.17 | 11.16 | 14.13 |
| Operating Profit | −2.64 | −1.45 | 0.18 | 0.78 | −0.78 | −2.38 | −2.98 | −2.92 | −2.8 | −2.51 | −0.7 | −3.27 | −2.93 |
| OPM % | −71.54% | −22.34% | 2.05% | 7.24% | −13.54% | −72.78% | −159.36% | −161.33% | −170.73% | −51.12% | −7.39% | −41.44% | −26.16% |
| Other Income | 0.04 | 0.02 | 0.03 | −2.29 | 0.01 | 0.09 | −4.8 | −2.85 | 0.07 | 0.02 | 0.13 | 0.81 | 0.02 |
| Interest | 0.31 | −0.01 | 0.15 | 0.3 | 0.12 | 0.12 | 0.19 | 0.11 | 0.35 | 0.08 | −0.22 | 0.04 | 0.26 |
| Depreciation | 0.28 | 0.28 | 0.28 | 0.27 | 0.29 | 0.29 | 0.28 | 0.28 | 0.28 | 0.38 | 0.43 | 0.49 | 0.47 |
| PBT | −3.19 | −1.7 | −0.22 | −2.08 | −1.18 | −2.7 | −8.25 | −6.16 | −3.36 | −2.95 | −0.78 | −2.99 | −3.64 |
| Tax % | 0% | 0% | 0% | 3.37% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | −3.19 | −1.7 | −0.22 | −2.15 | −1.17 | −2.69 | −8.26 | −6.16 | −3.36 | −2.95 | −0.78 | −2.99 | −3.65 |
| EPS (₹) | −1.79 | −0.95 | −0.12 | −1.21 | −0.66 | −1.51 | −4.63 | −3.45 | −1.46 | −1.28 | −0.34 | −1.13 | −1.38 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 17 | 22 | 16 | 9 | 20 | 12 | 15 | 35 | 39 | 30 | 13 | 24 | 33 |
| Expenses | 20 | 28 | 21 | 15 | 24 | 13 | 16 | 34 | 42 | 33 | 22 | 33 | 43 |
| Operating Profit | −3 | −6 | −5 | −6 | −4 | −1 | −1 | 1 | −4 | −3 | −9 | −9 | −9 |
| OPM % | −20% | −27% | −30% | −73% | −17% | −11% | −5% | 3.2% | −9% | −10% | −71% | −38% | −28% |
| Other Income | 2 | −2 | 0 | 0 | 2 | 20 | 16 | 4 | 4 | −2 | −8 | 1 | 1 |
| Interest | 5 | 5 | 4 | 6 | 5 | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| PBT | −7 | −15 | −10 | −14 | −7 | 15 | 11 | 2 | −3 | −7 | −18 | −10 | −10 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 0% | 0% | — |
| Net Profit | −7 | −15 | −10 | −14 | −7 | 15 | 11 | 2 | −3 | −7 | −18 | −10 | −10 |
| EPS (₹) | −3.92 | −8.36 | −5.81 | −7.78 | −4.04 | 8.45 | 6.31 | 1.2 | −1.76 | −4.08 | −10.25 | −3.82 | −4.13 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 26 |
| Reserves | −9 | −23 | −8 | −22 | −29 | −14 | −3 | −1 | 3 | −5 | −23 | −4 |
| Borrowings | 33 | 39 | 42 | 45 | 48 | 40 | 30 | 24 | 25 | 15 | 22 | 8 |
| Other Liabilities | 9 | 14 | 16 | 20 | 27 | 18 | 28 | 21 | 17 | 28 | 31 | 31 |
| Total Liabilities | 51 | 47 | 67 | 61 | 63 | 62 | 73 | 62 | 62 | 56 | 48 | 61 |
| Fixed Assets | 17 | 16 | 40 | 37 | 35 | 24 | 21 | 20 | 27 | 19 | 18 | 23 |
| CWIP | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 0 | 5 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 32 | 29 | 25 | 22 | 25 | 36 | 50 | 39 | 32 | 38 | 25 | 36 |
| Total Assets | 51 | 47 | 67 | 61 | 63 | 62 | 73 | 62 | 62 | 56 | 48 | 61 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1 | 0 | 1 | 1 | 0 | −7 | −2 | −6 | 3 | 0 | −1 | −18 |
| Investing | −2 | −1 | 0 | 3 | 2 | 9 | 19 | 11 | 0 | 10 | −5 | −4 |
| Financing | 1 | 1 | −1 | −4 | −2 | −3 | −13 | −8 | −2 | −10 | 7 | 21 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | −1 | 4 | −4 | 1 | −1 | 0 | 0 |
| Free Cash Flow | −1 | −1 | 1 | 4 | 2 | 2 | 9 | −6 | 3 | 10 | −7 | −22 |
| CFO/OP | −35 | 4 | −20 | −14 | −12 | 533 | 306 | −549 | −77 | −7 | 14 | 195 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48 | 51 | 64 | 54 | 94 | 126 | 153 | 78 | 61 | 109 | 105 | 67 |
| Inventory Days | 622 | 497 | 690 | 678 | 268 | 1,292 | 824 | 406 | 304 | 263 | 264 | 322 |
| Days Payable | 129 | 127 | 212 | 273 | 256 | 700 | 370 | 77 | 154 | 138 | 393 | 270 |
| Cash Conversion Cycle | 541 | 421 | 543 | 458 | 106 | 719 | 606 | 407 | 211 | 234 | −24 | 119 |
| Working Capital Days | −8 | −148 | −387 | −1,204 | −527 | 216 | 217 | 138 | 107 | 78 | −472 | −69 |
| ROCE % | −6% | −17% | −14% | −16% | −11% | −1% | −1% | 3% | −6% | −11% | −40% | −43% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ecoboard Industries insights
57 extracted metrics across FY15–FY27.
Documents
- Concall · Aug 2024PPT
- 10 Aug 2026
- 14 Aug 2025
- 13 Dec 2016
- 10 Nov 2015
- General announcements 28 Oct 2026
- General announcements 13 Oct 2026
Frequently Asked Questions about Ecoboard Industries
What does Ecoboard Industries Ltd do?
Incorporated in 1991, Ecoboard Industries Limited is engaged in manufacturing and selling of Eco-Friendly Particle Boards and Bio Systems
Where is Ecoboard Industries Ltd (ECOBOAR) listed?
Ecoboard Industries Ltd trades under code 523732 on the BSE.
Which sector does Ecoboard Industries Ltd belong to?
Ecoboard Industries Ltd is classified under the Consumer Goods sector, in the Plywood Boards & Laminates industry.
What is the 52-week high and low of Ecoboard Industries Ltd?
Over the last 52 weeks Ecoboard Industries Ltd has traded between ₹32.72 and ₹77.8 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Ecoboard Industries Ltd?
Ecoboard Industries Ltd reported a return on equity of -123.00%. Its debt-to-equity ratio is 0.36.
Company Information
Incorporated in 1991, Ecoboard Industries Limited is engaged in manufacturing and selling of Eco-Friendly Particle Boards and Bio Systems
Website ecoyou.in
Face Value ₹10
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