---
title: "EICL Ltd (97570) — Share Price, Financials & Analysis"
symbol: "97570"
company: "EICL Ltd"
canonical: "https://tapetide.com/stocks/97570"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T18:26:41.531Z"
---

# EICL Ltd (97570)

Canonical page: https://tapetide.com/stocks/97570

## Company

- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹2
- **F&O Eligible:** No

## About

EICL is engaged in the business of mining of clay (kaolin) and manufacturing of processed clay, starch and allied products. The Company had discontinued its manufacturing operations of starch and allied products in Shimoga unit from September, 2018 and Yamunanagar unit w.e.f. January 31, 2018.(Source : 201903 Annual Report Page No: 34)

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 1.20 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -15.0% over past five years.
- Company has a low return on equity of 6.20% over last 3 years.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -127% | — | — |
| revenue growth | -25% | -25% | -15% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- |
| Sales | 107.64 | 113.98 | 115.13 | 115.61 | 118.44 |
| Expenses | 97.77 | 101.44 | 100.97 | 102.01 | 103.72 |
| Operating Profit | 9.87 | 12.54 | 14.16 | 13.6 | 14.72 |
| OPM % | 9.17 | 11 | 12.3 | 11.76 | 12.43 |
| Other Income | -0.07 | 0.25 | 0.19 | -0.03 | 0 |
| Interest | 4.42 | 4.31 | 4.52 | 4.36 | 4.1 |
| Depreciation | 3.65 | 3.38 | 3.38 | 3.4 | 3.33 |
| Profit before tax | 1.73 | 5.1 | 6.45 | 5.81 | 7.29 |
| Tax % | 103.47 | 34.51 | 34.26 | 35.11 | 35.12 |
| Net Profit | -0.07 | 3.35 | 4.24 | 3.77 | 4.74 |
| EPS in Rs | -0.01 | 0.67 | 0.84 | 0.75 | 0.94 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 355 | 377 | 420 | 461 | 455 | 458 | 481 | 290 | 271 | 202 |
| Expenses | 286 | 321 | 376 | 406 | 390 | 391 | 418 | 238 | 237 | 202 |
| Operating Profit | 69 | 56 | 44 | 55 | 65 | 67 | 63 | 52 | 34 | -1 |
| OPM % | 20 | 15 | 11 | 12 | 14 | 15 | 13 | 18 | 13 | -0.3 |
| Other Income | 2 | 0 | 10 | 0 | 5 | 1 | 0 | 11 | 0 | -3 |
| Interest | 14 | 20 | 20 | 17 | 16 | 13 | 11 | 8 | 6 | 8 |
| Depreciation | 12 | 13 | 15 | 13 | 13 | 12 | 12 | 9 | 8 | 9 |
| Profit before tax | 45 | 22 | 20 | 25 | 41 | 42 | 40 | 46 | 19 | -19 |
| Tax % | 33 | 34 | 40 | 35 | 35 | 35 | 33 | 32 | 40 | -52 |
| Net Profit | 30 | 15 | 12 | 16 | 26 | 27 | 27 | 31 | 12 | -9 |
| EPS in Rs | 6.04 | 2.95 | 2.36 | 3.2 | 5.25 | 5.45 | 5.35 | 6.13 | 2.33 | -1.86 |
| Dividend Payout % | 17 | 10 | 8 | 9 | 29 | 28 | 28 | 33 | 22 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 105 | 114 | 121 | 132 | 143 | 156 | 174 | 194 | 197 | 188 |
| Borrowings | 156 | 178 | 160 | 154 | 142 | 114 | 97 | 19 | 45 | 27 |
| Other Liabilities | 72 | 71 | 78 | 78 | 71 | 70 | 95 | 83 | 73 | 71 |
| Total Liabilities | 343 | 374 | 369 | 374 | 366 | 351 | 376 | 307 | 325 | 296 |
| Fixed Assets | 202 | 244 | 246 | 246 | 240 | 235 | 255 | 173 | 186 | 166 |
| CWIP | 31 | 9 | 6 | 2 | 3 | 4 | 2 | 1 | 10 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 109 | 122 | 117 | 126 | 123 | 112 | 118 | 132 | 129 | 125 |
| Total Assets | 343 | 374 | 369 | 374 | 366 | 351 | 376 | 307 | 325 | 296 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 40 | 41 | 44 | 42 | 50 | 60 | 55 | 53 | 38 | 11 |
| Cash from Investing Activity | -39 | -34 | -5 | -11 | -10 | -6 | -15 | 43 | -31 | -6 |
| Cash from Financing Activity | -3 | -6 | -42 | -29 | -41 | -55 | -41 | -97 | 11 | -24 |
| Net Cash Flow | -2 | 1 | -3 | 2 | -1 | -1 | 0 | 0 | 19 | -19 |
| Free Cash Flow | 2 | 5 | 38 | 31 | 40 | 53 | 40 | 50 | 7 | 3 |
| CFO/OP | 77 | 84 | 106 | 87 | 100 | 113 | 107 | 128 | 144 | -1430 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 47 | 45 | 47 | 48 | 47 | 44 | 43 | 60 | 36 | 47 |
| Inventory Days | 130 | 119 | 94 | 92 | 100 | 82 | 79 | 194 | 111 | 98 |
| Days Payable | 108 | 86 | 71 | 70 | 63 | 55 | 66 | 208 | 170 | 180 |
| Cash Conversion Cycle | 70 | 78 | 70 | 69 | 84 | 71 | 57 | 46 | -23 | -35 |
| Working Capital Days | 49 | 60 | 51 | 50 | 55 | 50 | 47 | 92 | 65 | 100 |
| ROCE % | 23 | 15 | 12 | 15 | 19 | 19 | 19 | 20 | 12 | -3 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 2 / 11 / 6

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 128.79 | Sell |
| EMA (10) | 128.9 | Sell |
| SMA (20) | 131.8 | Sell |
| EMA (20) | 130.12 | Sell |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.08 | Neutral |
| MACD (12,26,9) | 0.02 | Sell |
| Stochastic (14,3,3) | 34.72 | Neutral |
| ADX (14) | 29.37 | Buy |
| Williams %R (14) | -66.88 | Neutral |
| ATR (14) | 8.26 | High Volatility |
| ROC (12) | -13.5 | Sell |
| Stoch RSI (14) | 10.36 | Buy |
| UO (7,14,28) | 69.09 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2014 from bse](http://www.bseindia.com/bseplus/AnnualReport/526560/5265600314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport//5265600313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport//5265600312.PDF) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport//5265600311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport//5265600310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:26:41.531Z.