Ecoboard Industries
ECOBOARDINDUSTRIESLTD NSE
Ecoboard Industries
Consumer GoodsNSE: ECOBOARDINDUSTRIESLTD BSE: 523732 Plywood Boards & Laminates
Key Fundamentals
MicrocapPlywood Boards & LaminatesConsumer GoodsMarket Cap
₹161 Cr
Volatility
Moderate
P/E Ratio
-15.7
EBITDA
₹-9.28 Cr
Return on Equity
361.92%
Debt to Equity
0.36
Book Value
₹8.54
52W High
₹77.8
52W Low
₹31.5
Tapetide Score
Data-driven rating, 0–100. How it works →
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 6.97 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: -12.3%
Growth Rate
Revenue Growth
74.53% higher than
3Y
Net Income Growth
-44.92% lower than
3Y
Cash Flow Change
—
ROE
-757% lower than
3Y
ROCE
814%
EBITDA Margin (Avg.)
-36.55% lower than
3Y
Quarterly Results
| 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 in Rs | -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
| 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 in Rs | -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
| 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
| 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
28 extracted metrics + investor summaries across FY14–FY26.
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - DP) Reg, 2018, we are enclosing herewith a copy of certificate received from RTA for Quarter and year ended March 31, 2026 11 Apr - DP) Reg, 2018, we are enclosing herewith a copy of certificate received from RTA for Quarter and year ended March 31, 2026
2
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
7 Apr - Tanuja Anand Deshpande resigned as Company Secretary and Compliance Officer effective 06 April 2026. 7 Apr - Tanuja Anand Deshpande resigned as Company Secretary and Compliance Officer effective 06 April 2026.
3
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 Apr - Ecoboard won Rs. 4.95 crore CBG plant EPC order from Betul Biofuel on 2 April 2026. 3 Apr - Ecoboard won Rs. 4.95 crore CBG plant EPC order from Betul Biofuel on 2 April 2026.
4
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Sanction Of Cash Credit Limit And Bank Guarantee Facility
31 Mar - Indian Overseas Bank sanctioned ₹10.00 crore cash credit and ₹5.00 crore BG; Union Bank facilities closed March 27, 2026. 31 Mar - Indian Overseas Bank sanctioned ₹10.00 crore cash credit and ₹5.00 crore BG; Union Bank facilities closed March 27, 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 (523732) listed?
Ecoboard Industries Ltd trades as ECOBOARDINDUSTRIESLTD on the NSE and 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 market capitalisation of Ecoboard Industries Ltd?
Ecoboard Industries Ltd has a market capitalisation of ₹161.09 Cr, which places it in the Small Cap band.
What is the PE ratio of Ecoboard Industries Ltd?
Ecoboard Industries Ltd trades at a PE ratio of -15.70, against a book value of ₹8.54 per share.
What is the 52-week high and low of Ecoboard Industries Ltd?
Over the last 52 weeks Ecoboard Industries Ltd has traded between ₹31.5 and ₹77.8.
What is the Return on Equity (ROE) of Ecoboard Industries Ltd?
Ecoboard Industries Ltd reported a return on equity of 361.92%. 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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