Ecoboard Industries Ltd

Ecoboard Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ecoboard Industries Ltd

₹ 38.0 -5.00%
20 Jan - close price
ecoyou.in BSE: 523732
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.

Website BSE
  • Market Cap ₹ 67.8 Cr.
  • Current Price ₹ 38.0
  • 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
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 7.27 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
13.17 11.48 3.64 17.56 10.21 5.02 5.81 3.69 6.49 8.79 10.78 5.76 3.27
11.30 10.18 6.04 15.63 10.49 5.68 10.31 6.33 7.94 8.61 10.00 6.54 5.65
Operating Profit 1.87 1.30 -2.40 1.93 -0.28 -0.66 -4.50 -2.64 -1.45 0.18 0.78 -0.78 -2.38
OPM % 14.20% 11.32% -65.93% 10.99% -2.74% -13.15% -77.45% -71.54% -22.34% 2.05% 7.24% -13.54% -72.78%
0.13 0.99 2.19 0.57 1.92 -0.65 1.90 0.04 0.02 0.03 -2.29 0.01 0.09
Interest 0.57 0.76 0.51 0.42 0.51 0.60 0.81 0.31 -0.01 0.15 0.30 0.12 0.12
Depreciation 0.25 0.25 0.24 0.25 0.26 0.27 0.26 0.28 0.28 0.28 0.27 0.29 0.29
Profit before tax 1.18 1.28 -0.96 1.83 0.87 -2.18 -3.67 -3.19 -1.70 -0.22 -2.08 -1.18 -2.70
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.37% 0.00% 0.00%
1.18 1.28 -0.96 1.83 0.87 -2.17 -3.67 -3.19 -1.70 -0.22 -2.15 -1.17 -2.69
EPS in Rs 0.66 0.72 -0.54 1.03 0.49 -1.22 -2.06 -1.79 -0.95 -0.12 -1.21 -0.66 -1.51
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
37.23 28.05 16.90 22.04 16.28 8.84 20.38 12.04 15.02 34.72 38.60 29.76 28.60
37.37 28.81 20.29 27.96 21.21 15.27 23.90 13.32 15.79 33.60 42.10 32.80 30.80
Operating Profit -0.14 -0.76 -3.39 -5.92 -4.93 -6.43 -3.52 -1.28 -0.77 1.12 -3.50 -3.04 -2.20
OPM % -0.38% -2.71% -20.06% -26.86% -30.28% -72.74% -17.27% -10.63% -5.13% 3.23% -9.07% -10.22% -7.69%
0.62 -0.34 2.25 -2.44 0.41 0.14 2.33 19.68 15.94 4.09 3.74 -2.30 -2.16
Interest 4.03 4.51 4.68 5.38 4.36 6.36 4.94 2.39 2.97 2.09 2.34 0.74 0.69
Depreciation 3.36 3.37 1.17 1.16 1.47 1.23 1.07 0.95 0.94 0.98 1.04 1.11 1.13
Profit before tax -6.91 -8.98 -6.99 -14.90 -10.35 -13.88 -7.20 15.06 11.26 2.14 -3.14 -7.19 -6.18
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.97%
-6.91 -8.98 -6.99 -14.90 -10.36 -13.87 -7.20 15.07 11.26 2.14 -3.14 -7.27 -6.23
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 -3.50
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: 8%
3 Years: 26%
TTM: 36%
Compounded Profit Growth
10 Years: 3%
5 Years: 8%
3 Years: -20%
TTM: 67%
Stock Price CAGR
10 Years: 21%
5 Years: 73%
3 Years: 11%
1 Year: 26%
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 17.83 17.83 17.83 17.83 17.83 17.83 17.83 17.83 17.83 17.83 17.83 17.83 17.83
Reserves 16.80 7.82 -8.53 -23.43 -8.29 -22.05 -29.25 -14.16 -2.71 -0.68 2.61 -4.64 -8.51
27.88 28.59 32.63 38.98 42.08 44.53 47.86 40.17 30.14 24.43 24.84 15.24 14.75
13.82 11.54 9.34 13.66 15.60 20.25 26.65 17.79 27.54 20.87 16.92 27.72 26.80
Total Liabilities 76.33 65.78 51.27 47.04 67.22 60.56 63.09 61.63 72.80 62.45 62.20 56.15 50.87
29.58 26.06 17.30 16.03 39.89 36.54 35.27 23.72 20.91 20.31 26.63 18.65 18.09
CWIP 0.22 0.00 1.71 2.34 2.36 2.36 2.36 2.36 2.37 3.45 3.25 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
46.53 39.72 32.26 28.67 24.97 21.66 25.46 35.55 49.52 38.69 32.32 37.50 32.78
Total Assets 76.33 65.78 51.27 47.04 67.22 60.56 63.09 61.63 72.80 62.45 62.20 56.15 50.87

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
1.18 3.95 1.19 -0.24 1.00 0.91 0.38 -6.84 -2.39 -6.21 2.51 0.13
-0.35 -0.45 -1.73 -0.65 0.06 2.83 1.70 9.21 19.05 10.72 0.12 9.54
-0.73 -3.63 0.55 1.06 -1.15 -3.71 -1.60 -3.03 -13.17 -8.11 -1.93 -10.30
Net Cash Flow 0.10 -0.13 0.00 0.16 -0.09 0.03 0.48 -0.66 3.50 -3.60 0.70 -0.63

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 63.43 55.56 47.51 50.51 63.67 53.68 94.21 125.81 153.10 78.21 61.18 109.03
Inventory Days 597.67 630.60 622.10 497.18 690.48 677.86 267.93 1,292.34 823.66 405.63 304.05 263.28
Days Payable 172.32 163.07 128.68 127.08 211.60 273.40 255.87 699.58 370.35 76.83 153.89 138.08
Cash Conversion Cycle 488.78 523.09 540.94 420.60 542.56 458.14 106.26 718.56 606.40 407.01 211.34 234.24
Working Capital Days 315.29 356.28 485.73 282.20 262.09 34.68 -40.12 524.16 430.37 173.67 132.67 111.85
ROCE % -4.47% -6.17% -5.95% -17.39% -14.12% -16.25% -11.07% -0.75% -0.56% 2.67% -6.49% -10.83%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.39% 57.89% 57.92% 57.24% 57.25% 57.25% 57.18% 57.04% 56.78% 56.78% 56.78% 56.78%
0.04% 0.04% 0.04% 0.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
41.56% 42.06% 42.03% 42.48% 42.75% 42.75% 42.81% 42.96% 43.22% 43.21% 43.22% 43.22%
No. of Shareholders 11,66411,85211,75811,83611,87011,83811,86512,09111,94411,91711,96911,858

* 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.

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Concalls

  • Aug 2024
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