Ecoboard Industries Ltd

Ecoboard Industries Ltd

₹ 34.3 -4.98%
10 Feb - close price
About

Incorporated in 1991, Ecoboard Industries Limited is engaged in manufacturing and selling of Eco-Friendly Particle Boards and Bio Systems

Key Points

Business Overview:[1]
Company is engaged in two business lines:
a) Laminated particle boards made from agri-residues mainly bagasse,
b) Anaerobic waste water treatment plants for distilleries and other industries.
Company's particle boards, marketed in the brand name Ecoboard, are 100% wood free and all purpose boards. They are meant to be an alternative to conventional wood based particle boards, plywood and other panel products. It is the first product to be given Eco mark by the Government of India for its eco-friendly properties.
Ecoboard are made from any form of agricultural waste and converted into good quality.

  • Market Cap 61.2 Cr.
  • Current Price 34.3
  • High / Low 46.6 / 18.5
  • Stock P/E
  • Book Value 5.23
  • Dividend Yield 0.00 %
  • ROCE -10.8 %
  • ROE -28.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 6.57 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -21.1% over last 3 years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 82.8 to 109 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Diversified Industry: Diversified - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
11.48 3.64 17.56 10.21 5.02 5.81 3.69 6.49 8.79 10.78 5.76 3.27 1.87
10.18 6.04 15.63 10.49 5.68 10.31 6.33 7.94 8.61 10.00 6.54 5.65 4.85
Operating Profit 1.30 -2.40 1.93 -0.28 -0.66 -4.50 -2.64 -1.45 0.18 0.78 -0.78 -2.38 -2.98
OPM % 11.32% -65.93% 10.99% -2.74% -13.15% -77.45% -71.54% -22.34% 2.05% 7.24% -13.54% -72.78% -159.36%
0.99 2.19 0.57 1.92 -0.65 1.90 0.04 0.02 0.03 -2.29 0.01 0.09 -4.80
Interest 0.76 0.51 0.42 0.51 0.60 0.81 0.31 -0.01 0.15 0.30 0.12 0.12 0.19
Depreciation 0.25 0.24 0.25 0.26 0.27 0.26 0.28 0.28 0.28 0.27 0.29 0.29 0.28
Profit before tax 1.28 -0.96 1.83 0.87 -2.18 -3.67 -3.19 -1.70 -0.22 -2.08 -1.18 -2.70 -8.25
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.37% 0.00% 0.00% 0.00%
1.28 -0.96 1.83 0.87 -2.17 -3.67 -3.19 -1.70 -0.22 -2.15 -1.17 -2.69 -8.26
EPS in Rs 0.72 -0.54 1.03 0.49 -1.22 -2.06 -1.79 -0.95 -0.12 -1.21 -0.66 -1.51 -4.63
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
37 28 17 22 16 9 20 12 15 35 39 30 22
37 29 20 28 21 15 24 13 16 34 42 33 27
Operating Profit -0 -1 -3 -6 -5 -6 -4 -1 -1 1 -4 -3 -5
OPM % -0% -3% -20% -27% -30% -73% -17% -11% -5% 3% -9% -10% -25%
1 -0 2 -2 0 0 2 20 16 4 4 -2 -7
Interest 4 5 5 5 4 6 5 2 3 2 2 1 1
Depreciation 3 3 1 1 1 1 1 1 1 1 1 1 1
Profit before tax -7 -9 -7 -15 -10 -14 -7 15 11 2 -3 -7 -14
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1%
-7 -9 -7 -15 -10 -14 -7 15 11 2 -3 -7 -14
EPS in Rs -3.88 -5.04 -3.92 -8.36 -5.81 -7.78 -4.04 8.45 6.31 1.20 -1.76 -4.08 -8.01
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 8%
3 Years: 26%
TTM: -13%
Compounded Profit Growth
10 Years: 3%
5 Years: 8%
3 Years: -20%
TTM: 33%
Stock Price CAGR
10 Years: 18%
5 Years: 45%
3 Years: 16%
1 Year: 15%
Return on Equity
10 Years: %
5 Years: %
3 Years: -21%
Last Year: -29%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 17 8 -9 -23 -8 -22 -29 -14 -3 -1 3 -5 -9
28 29 33 39 42 45 48 40 30 24 25 15 15
14 12 9 14 16 20 27 18 28 21 17 28 27
Total Liabilities 76 66 51 47 67 61 63 62 73 62 62 56 51
30 26 17 16 40 37 35 24 21 20 27 19 18
CWIP 0 0 2 2 2 2 2 2 2 3 3 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
47 40 32 29 25 22 25 36 50 39 32 38 33
Total Assets 76 66 51 47 67 61 63 62 73 62 62 56 51

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 4 1 -0 1 1 0 -7 -2 -6 3 0
-0 -0 -2 -1 0 3 2 9 19 11 0 10
-1 -4 1 1 -1 -4 -2 -3 -13 -8 -2 -10
Net Cash Flow 0 -0 0 0 -0 0 0 -1 4 -4 1 -1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 56 48 51 64 54 94 126 153 78 61 109
Inventory Days 598 631 622 497 690 678 268 1,292 824 406 304 263
Days Payable 172 163 129 127 212 273 256 700 370 77 154 138
Cash Conversion Cycle 489 523 541 421 543 458 106 719 606 407 211 234
Working Capital Days 315 356 486 282 262 35 -40 524 430 174 133 112
ROCE % -4% -6% -6% -17% -14% -16% -11% -1% -1% 3% -6% -11%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
57.89% 57.92% 57.24% 57.25% 57.25% 57.18% 57.04% 56.78% 56.78% 56.78% 56.78% 57.37%
0.04% 0.04% 0.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
42.06% 42.03% 42.48% 42.75% 42.75% 42.81% 42.96% 43.22% 43.21% 43.22% 43.22% 42.62%
No. of Shareholders 11,85211,75811,83611,87011,83811,86512,09111,94411,91711,96911,85811,982

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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