---
title: "ETC Networks  Ltd (merged) (ETC) — Share Price, Financials & Analysis"
symbol: "ETC"
company: "ETC Networks  Ltd (merged)"
canonical: "https://tapetide.com/stocks/ETC"
generated_at: "2026-10-13T11:53:53.363Z"
---

# ETC Networks  Ltd (merged) (ETC)

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

## Company

- **Stock Type:** DELISTED
- **Listed Since:** 2000-02-27
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Earnings include an other income of Rs.10.4 Cr.
- Company has high debtors of 165 days.
- Working capital days have increased from 81.4 days to 190 days

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -62% | 125% |
| revenue growth | -14% | 44% |

## Financial Statements

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Sales | 22.44 | 20.55 | 77.82 | 66.66 |
| Expenses | 21.53 | 18.37 | 61.78 | 55.69 |
| Operating Profit | 0.91 | 2.18 | 16.04 | 10.97 |
| OPM % | 4.06 | 10.61 | 20.61 | 16.46 |
| Other Income | 0 | 0.91 | 4.72 | 10.36 |
| Interest | 0 | 0.19 | 0.29 | 4.48 |
| Depreciation | 0 | 0.9 | 3.55 | 3.42 |
| Profit before tax | 0.91 | 2 | 16.92 | 13.43 |
| Tax % | 16.48 | 15 | -38.12 | 35.89 |
| Net Profit | 0.76 | 1.7 | 23.37 | 8.61 |
| EPS in Rs | — | — | 24.09 | 8.88 |
| Dividend Payout % | 0 | 0 | 10.42 | 28.28 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Equity Capital | 0.73 | 0.73 | 9.74 | 9.74 |
| Reserves | -0.79 | 0.91 | 86.95 | 92.71 |
| Borrowings | 4.12 | 4.09 | 0.42 | 50.15 |
| Other Liabilities | 2.68 | 11.01 | 24.92 | 26.35 |
| Total Liabilities | 6.74 | 16.74 | 122.03 | 178.95 |
| Fixed Assets | 3.48 | 2.87 | 21.46 | 19.13 |
| CWIP | 0 | 0.15 | 0.13 | 45.5 |
| Investments | 0 | 0 | 29.42 | 37.1 |
| Other Assets | 3.26 | 13.72 | 71.02 | 77.22 |
| Total Assets | 6.74 | 16.74 | 122.03 | 178.95 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 2.92 | 18.15 | 7.63 |
| Cash from Investing Activity | — | 0.09 | -13.46 | -51.01 |
| Cash from Financing Activity | — | -0.08 | -1.53 | 46.87 |
| Net Cash Flow | — | 2.93 | 3.16 | 3.49 |
| Free Cash Flow | — | 2.42 | 17.41 | -39.29 |
| CFO/OP | — | 150 | 129 | 96 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Debtor Days | 0 | 25.75 | 142.3 | 165.25 |
| Inventory Days | — | 275.05 | 245.02 | 188.43 |
| Days Payable | — | 461.46 | 1383.96 | 1058.01 |
| Cash Conversion Cycle | 0 | -160.66 | -996.63 | -704.33 |
| Working Capital Days | 9.43 | -82.59 | 136.63 | 190.17 |
| ROCE % | — | 46.17 | 32.4 | 14.38 |

---

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 2026-10-13T11:53:53.363Z.