---
title: "Electrotherm (India) Ltd (ELECTHERM) — Share Price, Financials & Analysis"
symbol: "ELECTHERM"
company: "Electrotherm (India) Ltd"
canonical: "https://tapetide.com/stocks/ELECTHERM"
isin: "INE822G01016"
nse_symbol: "ELECTHERM"
bse_code: "526608"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 1191.45
generated_at: "2026-09-13T18:34:52.753Z"
---

# Electrotherm (India) Ltd (ELECTHERM)

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

## Company

- **NSE Symbol:** ELECTHERM
- **BSE Code:** 526608
- **ISIN:** INE822G01016
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2007-08-20
- **CEO:** Mr. Amit Kumar Patwarika
- **Employees:** 2610
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** electrotherm.com

## About

Incorporated in 1983, Electrotherm Ltd is in 
the business of Engineering & Technologies, Special Steel and Electric Vehicles[1]

## Latest Price

- **Price:** ₹956.3
- **Change:** +13.3 (+1.41%)
- **Open:** ₹943
- **Day High:** ₹972
- **Day Low:** ₹934.65
- **Previous Close:** ₹943
- **Volume:** 225365
- **As Of:** 2026-09-11T09:59:57+00:00

## Key Fundamentals

Observed at 2026-09-11T04:40:57.732028Z.

- **Market Cap:** ₹1191.45 Cr
- **Classification:** Microcap
- **P/E (reported):** -33
- **EPS (TTM):** ₹-28.63
- **Book Value:** ₹-120.76
- **Price to Book:** -7.83
- **Dividend Yield:** 0%
- **ROE:** 10.34%
- **ROCE:** -0.85%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹3697.1 Cr
- **Net Income:** ₹-15.9 Cr
- **EBITDA:** ₹47.9 Cr
- **52-Week High:** ₹1277
- **52-Week Low:** ₹551
- **RSI (14):** 32.39

## Tapetide Score

- **Score:** 43 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 22.3 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 13.11 | 9% |
| growth | 19.07 | 9% |
| momentum | 69.98 | 12% |
| ownership | 64.1 | 24% |
| quality | 45.83 | 22% |
| valuation | 42.22 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.95% over past five years.
- Promoter holding is low: 29.9%
- Contingent liabilities of Rs.488 Cr.
- Earnings include an other income of Rs.11.5 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 6.84% | -0.05% | 95.92% |
| ebitda margin growth | -27.13% | -85.99% | -87% | -60.67% |
| net income growth | -49.26% | -103.6% | -105.01% | -60.64% |
| revenue growth | -20.32% | -10.35% | 6% | 8% |
| roce | -41.11% | -100.42% | -99.66% | -11.72% |
| roe | -49.16% | -103.72% | -102.86% | 177.21% |

## Financial Statements

### Quarterly Results

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

| Item | 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 | 985.15 | 1137.33 | 1217.57 | 1059.38 | 813.68 | 1081.23 | 1161.08 | 834.05 | 814.26 | 903.79 | 1139.99 | 913.38 |
| Expenses | 894.38 | 1011.37 | 1086.71 | 927.13 | 746.36 | 973.75 | 1096.62 | 782.29 | 826.39 | 934.43 | 1115.49 | 890.98 |
| Operating Profit | 90.77 | 125.96 | 130.86 | 132.25 | 67.32 | 107.48 | 64.46 | 51.76 | -12.13 | -30.64 | 24.5 | 22.4 |
| OPM % | 9.21 | 11.08 | 10.75 | 12.48 | 8.27 | 9.94 | 5.55 | 6.21 | -1.49 | -3.39 | 2.15 | 2.45 |
| Other Income | 2.13 | 0.33 | 1.73 | 0.88 | 14.64 | 3.46 | 109.18 | 0.77 | 1.35 | 0.39 | 8.25 | 1.51 |
| Interest | 13.32 | 7.55 | 17.61 | 13.75 | 11.6 | 11.99 | 8.18 | 8.19 | 7.18 | 4.91 | 3.85 | 3.97 |
| Depreciation | 12.06 | 11.66 | 10.97 | 10.6 | 10.95 | 10.68 | 12.16 | 10.58 | 10.53 | 11.12 | 11.05 | 11.13 |
| Profit before tax | 67.52 | 107.08 | 104.01 | 108.78 | 59.41 | 88.27 | 153.3 | 33.76 | -28.49 | -46.28 | 17.85 | 8.81 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | -20.97 | 17.98 | -23.9 | -23.31 | 23.98 | 21.91 |
| Net Profit | 67.53 | 107.08 | 104.03 | 108.84 | 59.47 | 88.34 | 185.5 | 27.75 | -21.62 | -35.42 | 13.63 | 6.93 |
| EPS in Rs | 52.99 | 84.03 | 81.64 | 85.41 | 46.67 | 69.33 | 145.57 | 21.78 | -16.97 | -27.8 | 10.7 | 5.44 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2927 | 4040 | 3212 | 2518 | 2831 | 3074 | 4272 | 4115 | 3692 | 3771 |
| Expenses | 2779 | 3737 | 3083 | 2298 | 2745 | 2940 | 3852 | 3744 | 3649 | 3767 |
| Operating Profit | 149 | 303 | 129 | 220 | 86 | 134 | 419 | 372 | 43 | 4 |
| OPM % | 5 | 8 | 4 | 9 | 3 | 4.4 | 10 | 9 | 1.2 | 0.1 |
| Other Income | 9 | 20 | 49 | 4 | 7 | -30 | 5 | 128 | 1 | 12 |
| Interest | 5 | 38 | 19 | 54 | 45 | 67 | 60 | 46 | 24 | 20 |
| Depreciation | 149 | 143 | 134 | 121 | 88 | 49 | 47 | 44 | 43 | 44 |
| Profit before tax | 3 | 142 | 24 | 49 | -40 | -12 | 317 | 410 | -23 | -48 |
| Tax % | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -8 | -31 | — |
| Net Profit | 3 | 142 | 24 | 49 | -40 | -12 | 317 | 442 | -16 | -36 |
| EPS in Rs | 2.32 | 111.32 | 18.91 | 38.84 | -31.67 | -9.28 | 249.03 | 346.98 | -12.29 | -28.63 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | -1379 | -1375 | -1235 | -1106 | -1055 | -1095 | -1109 | -794 | -172 | -167 |
| Borrowings | 3073 | 2851 | 2616 | 2294 | 2234 | 2087 | 1986 | 1770 | 1287 | 1064 |
| Other Liabilities | 512 | 671 | 775 | 720 | 705 | 741 | 862 | 852 | 790 | 1103 |
| Total Liabilities | 2219 | 2160 | 2169 | 1920 | 1897 | 1745 | 1752 | 1841 | 1918 | 2013 |
| Fixed Assets | 1118 | 1027 | 949 | 825 | 738 | 698 | 638 | 613 | 601 | 626 |
| CWIP | 22 | 17 | 29 | 28 | 27 | 33 | 26 | 44 | 98 | 138 |
| Investments | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 |
| Other Assets | 1073 | 1108 | 1184 | 1060 | 1124 | 1007 | 1081 | 1177 | 1212 | 1240 |
| Total Assets | 2219 | 2160 | 2169 | 1920 | 1897 | 1745 | 1752 | 1841 | 1918 | 2013 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 58 | 161 | 344 | 181 | 225 | 179 | 107 | 351 | 329 | 351 |
| Cash from Investing Activity | -25 | -46 | -67 | 5 | -62 | -14 | -2 | -68 | -72 | -99 |
| Cash from Financing Activity | -52 | -106 | -262 | -203 | -104 | -189 | -103 | -294 | -303 | -227 |
| Net Cash Flow | -19 | 9 | 15 | -17 | 58 | -24 | 2 | -11 | -46 | 25 |
| Free Cash Flow | 26 | 111 | 266 | 168 | 184 | 139 | 90 | 283 | 273 | 253 |
| CFO/OP | 97 | 109 | 114 | 140 | 102 | 210 | 81 | 85 | 89 | 818 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 49 | 46 | 30 | 36 | 40 | 22 | 25 | 19 | 23 | 26 |
| Inventory Days | 86 | 78 | 70 | 78 | 110 | 96 | 91 | 76 | 77 | 77 |
| Days Payable | 90 | 82 | 60 | 72 | 93 | 68 | 60 | 52 | 60 | 65 |
| Cash Conversion Cycle | 46 | 41 | 41 | 43 | 58 | 50 | 56 | 42 | 40 | 38 |
| Working Capital Days | -127 | -113 | -80 | -87 | -142 | -202 | -192 | -81 | -57 | -108 |
| ROCE % | -4 | 1 | 13 | 2 | 9 | 0 | 10 | 40 | 32 | 0 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 31.04% | 31.04% | 31.04% | 31.04% | 30.69% | 29.91% | 29.91% | 29.91% | 29.91% | 29.9% | 29.9% | 29.87% |
| FIIs | 4.94% | 4.94% | 4.95% | 4.99% | 4.81% | 4.61% | 4.55% | 4.61% | 5.07% | 5.89% | 5.86% | 9.28% |
| DIIs | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.39% | 1.01% | 0.97% | 0.85% | 0.8% | 0.78% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 29.66% | 28.94% | 29.03% | 29.28% | 29.93% | 30.45% | 29.78% | 28.02% | 28.56% | 28.13% | 28.58% | 25.69% |
| Others | 34.28% | 34.99% | 34.9% | 34.61% | 34.5% | 34.96% | 35.38% | 36.46% | 35.5% | 35.22% | 34.85% | 34.38% |
| No. of Shareholders | 9057 | 7916 | 7486 | 7806 | 8730 | 8756 | 9200 | 8703 | 9010 | 9445 | 9635 | 8907 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 974.41 | Sell |
| EMA (10) | 974.23 | Sell |
| SMA (20) | 1001.63 | Sell |
| EMA (20) | 991.22 | Sell |
| SMA (50) | 1029.39 | Sell |
| EMA (50) | 1002.78 | Sell |
| SMA (100) | 975.66 | Sell |
| EMA (100) | 970.07 | Sell |
| SMA (200) | 870.71 | Buy |
| EMA (200) | 931.85 | Buy |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.38 | Neutral |
| MACD (12,26,9) | -19.13 | Sell |
| Stochastic (14,3,3) | 9.88 | Buy |
| ADX (14) | 18.78 | Neutral |
| Williams %R (14) | -84.57 | Buy |
| ATR (14) | 35.81 | High Volatility |
| ROC (12) | -7.9 | Sell |
| Stoch RSI (14) | 22.32 | Neutral |
| UO (7,14,28) | 30.13 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7FD70C68_77DD_4D6C_8FEC_F7BC3056178C_131050.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=def8acd8-7b57-439f-9c51-1d048c8a6c58.pdf) |
| 2026-09-03 | [Notice Of 40Th Annual General Meeting To Be Held On Monday 28Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eeea8bd5-11d4-4e9f-bd66-646b836a3c6c.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0cdaf1d-e952-4d80-bdf8-a60290180d3b.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d64f63c-4a25-4bc2-afd8-b32a952e4c2b.pdf) |
| 2026-08-26 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 26Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8c8e977-5a20-4bd0-ba99-bf83ae6a9b85.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f67c4cb-47df-4a9b-ae23-1bcedbbe9c8e.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5085f593-709b-4750-90df-dda2ecd1cd8e.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=585d8eb8-5961-4ae3-83c5-879a8a2d9776.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Results For The Quarter Ended On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2aceec5a-d936-45c4-862c-85c8d674d068.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Unaudited Standalone And Consolidated Financial Results For The Quarter Ended On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5295efe5-e802-4389-a0e3-b08360a785b5.pdf) |
| 2026-05-21 | [Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended On 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69ef71bb-e9f8-4d42-8c29-d05db6722f5d.pdf) |
| 2026-02-11 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended On 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5770a9bd-bf2a-4e4b-b1e0-b229804be41c.pdf) |
| 2025-11-10 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended On 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=255038a6-f43c-4edb-a1d2-7709446fd5b5.pdf) |
| 2025-07-29 | [Unaudited Standalone And Consolidated Financial Results For The Quarter Ended On 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92625d29-f021-409e-b977-72438aef33ba.pdf) |
| 2025-05-20 | [Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59ad2935-d18b-4084-b617-f3f61800f881.pdf) |
| 2025-02-11 | [Unaudited Financial Results For The Quarter And Nine Months Ended On 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c69aa300-4c44-4887-b17e-27847a2a9a90.pdf) |
| 2025-02-11 | [Unaudited Financial Results For The Quarter And Nine Months Ended On 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c42fd87b-9220-44e0-88a2-85f025543b31.pdf) |
| 2024-11-13 | [Standalone And Consolidated Financial Results For The Quarter And Half Year Ended On 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e828aac2-cf9a-4682-bb59-211a19ea733a.pdf) |
| 2024-08-10 | [Unaudited Financial Results For The Quarter Ended On 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d4f2e7a-6262-4e65-a24a-6b08f77e9a16.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Submitted Regulation 74(5) confirmation certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Submitted Regulation 74(5) confirmation certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f88bc738-34a2-4c6d-887b-806f1834708d.pdf) |
| 6 May - Electrotherm filed its FY2026 secretarial compliance report; BSE and NSE fines for board composition were noted. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 6 May - Electrotherm filed its FY2026 secretarial compliance report; BSE and NSE fines for board composition were noted.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/55fef3cc-5a9a-49d8-b589-844b2ff37c10.pdf) |
| 31 Mar - Assessment order dated 28 Mar 2026; tax demand Rs.3,95,69,330; company to appeal; no immediate financial impact. | [Announcement Under Regulation 30 (LODR) - Updates 31 Mar - Assessment order dated 28 Mar 2026; tax demand Rs.3,95,69,330; company to appeal; no immediate financial impact.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24e2f01f-db25-4f21-90bc-cd436cf3ed03.pdf) |
| 30 Apr - Electrotherm disclosed ₹24 crore principal and ₹4.68 crore interest default as of 31 March 2026. | [Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions 30 Apr - Electrotherm disclosed ₹24 crore principal and ₹4.68 crore interest default as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/02297283-692f-41ac-8ad0-887f8ca34b84.pdf) |
| 30 Apr - Electrotherm disclosed ₹24 crore principal and ₹4.68 crore interest default as of 31 March 2026. | [Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions 30 Apr - Electrotherm disclosed ₹24 crore principal and ₹4.68 crore interest default as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/02297283-692f-41ac-8ad0-887f8ca34b84.pdf) |
| 29 Apr - Electrotherm confirms it is not a Large Corporate under SEBI borrowing criteria. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Electrotherm confirms it is not a Large Corporate under SEBI borrowing criteria.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92d109d6-ee75-43ef-b030-fc0840a16584.pdf) |
| 29 Apr - Electrotherm confirms it is not a Large Corporate under SEBI borrowing criteria. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Electrotherm confirms it is not a Large Corporate under SEBI borrowing criteria.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/92d109d6-ee75-43ef-b030-fc0840a16584.pdf) |
| 29 Apr - Electrotherm clarifies recent share price movement is market-driven and no undisclosed event is known. | [Clarification On Price Movement Of Shares Of The Company 29 Apr - Electrotherm clarifies recent share price movement is market-driven and no undisclosed event is known.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10ac6c7a-a05e-4eae-a4f2-d51c3c29cf63.pdf) |
| 29 Apr - Electrotherm clarifies recent share price movement is market-driven and no undisclosed event is known. | [Clarification On Price Movement Of Shares Of The Company 29 Apr - Electrotherm clarifies recent share price movement is market-driven and no undisclosed event is known.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/10ac6c7a-a05e-4eae-a4f2-d51c3c29cf63.pdf) |
| 25 Mar - Trading window closed from 01-Apr-2026 until 48 hours after audited results for quarter/year ended 31-Mar-2026. | [Closure of Trading Window 25 Mar - Trading window closed from 01-Apr-2026 until 48 hours after audited results for quarter/year ended 31-Mar-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/279680e8-e402-4e03-bc99-1e094babbbed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3121_ELECTHERM_2012_2013_06012014134058.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f8a3e51-5b1d-4c2c-a12c-6bc6e64b56e6.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39357b07-e4b6-41c5-a04e-f766e241b601.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/47c93d17-8ca1-4246-aa91-26ed07733019.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/526608/74249526608.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526608/72731526608.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/526608/5266080320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/526608/5266080319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/526608/5266080318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/526608/5266080317.pdf) |

---

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 2026-09-13T18:34:52.753Z.