---
title: "Megatherm Induction Ltd (MEGATHERM) — Share Price, Financials & Analysis"
symbol: "MEGATHERM"
company: "Megatherm Induction Ltd"
canonical: "https://tapetide.com/stocks/MEGATHERM"
isin: "INE531R01010"
nse_symbol: "MEGATHERM"
sector: "Industrial Products"
industry: "Other Industrial Products"
market_cap_cr: 453.68
generated_at: "2026-09-13T19:39:54.098Z"
---

# Megatherm Induction Ltd (MEGATHERM)

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

## Company

- **NSE Symbol:** MEGATHERM
- **ISIN:** INE531R01010
- **Sector:** Industrial Products
- **Industry:** Other Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-02-05
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** megatherm.com

## About

Incorporated in 2010, Megatherm Induction 
Ltd manufactures and sells Capital Equipments[1]

## Latest Price

- **Price:** ₹251
- **Change:** +15.95 (+6.79%)
- **Open:** ₹239
- **Day High:** ₹253.5
- **Day Low:** ₹239
- **Previous Close:** ₹235.05
- **Volume:** 126800
- **As Of:** 2026-09-11T09:58:22+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:43.863514Z.

- **Market Cap:** ₹453.68 Cr
- **Classification:** SME
- **P/E (reported):** 18.7
- **Book Value:** ₹87.75
- **Price to Book:** 2.68
- **Dividend Yield:** 0%
- **ROE:** 15.04%
- **ROCE:** 23.04%
- **Debt to Equity:** 0.3
- **Revenue (yearly):** ₹346.23 Cr
- **Net Income:** ₹24.05 Cr
- **EBITDA:** ₹32.45 Cr
- **52-Week High:** ₹313.95
- **52-Week Low:** ₹170
- **RSI (14):** 59.8

## Tapetide Score

- **Score:** 53 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 48.95 | 9% |
| growth | 48.31 | 9% |
| momentum | 75.12 | 12% |
| ownership | 55.02 | 24% |
| quality | 60.02 | 22% |
| valuation | 44.57 | 24% |

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

## Key Insights

### Strengths

- Company has delivered good profit growth of 51.0% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -29.77% | -37.51% | 15.48% |
| ebitda margin growth | -23.46% | -23.9% | 102.2% |
| net income growth | 12.91% | 20% | 51% |
| revenue growth | 6.96% | 9% | 26% |
| roce | -10.52% | -38.26% | 23.9% |
| roe | -12.66% | 19.97% | 70.91% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 135 | 147 | 159 | 148 | 173 | 159 | 187 |
| Expenses | 122 | 133 | 137 | 133 | 152 | 143 | 170 |
| Operating Profit | 13 | 14 | 22 | 15 | 21 | 16 | 18 |
| OPM % | 10 | 9 | 14 | 10 | 12 | 10 | 9 |
| Other Income | 0 | 0 | 1 | 2 | 1 | 5 | 1 |
| Interest | 4 | 2 | 4 | 2 | 4 | 2 | 2 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 8 | 10 | 18 | 13 | 16 | 16 | 14 |
| Tax % | 24 | 25 | 25 | 26 | 27 | 25 | 20 |
| Net Profit | 6 | 8 | 13 | 9 | 12 | 12 | 12 |
| EPS in Rs | — | 5.48 | 6.97 | 4.94 | 6.37 | 6.39 | 6.18 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 132 | 109 | 188 | 266 | 306 | 321 | 346 |
| Expenses | 116 | 96 | 179 | 238 | 270 | 285 | 313 |
| Operating Profit | 16 | 13 | 9 | 28 | 36 | 36 | 33 |
| OPM % | 12 | 12 | 4.6 | 10 | 12 | 11 | 10 |
| Other Income | 1 | 0 | 0 | 1 | 1 | 3 | 6 |
| Interest | 6 | 7 | 5 | 6 | 6 | 6 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 4 | 5 |
| Profit before tax | 8 | 4 | 2 | 20 | 28 | 29 | 31 |
| Tax % | 31 | 27 | 28 | 29 | 25 | 26 | 23 |
| Net Profit | 6 | 3 | 1 | 14 | 21 | 21 | 24 |
| EPS in Rs | — | — | — | — | 11 | 11.31 | 12.57 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 9 | 9 | 9 | 9 | 19 | 19 | 19 |
| Reserves | 23 | 26 | 27 | 41 | 102 | 123 | 146 |
| Borrowings | 42 | 43 | 40 | 43 | 36 | 33 | 49 |
| Other Liabilities | 50 | 68 | 96 | 99 | 114 | 112 | 130 |
| Total Liabilities | 124 | 146 | 173 | 192 | 270 | 287 | 344 |
| Fixed Assets | 44 | 43 | 40 | 58 | 64 | 77 | 86 |
| CWIP | 0 | 0 | 2 | 1 | 0 | 1 | 3 |
| Investments | 0 | 0 | 0 | 0 | 7 | 6 | 2 |
| Other Assets | 80 | 103 | 131 | 133 | 199 | 203 | 253 |
| Total Assets | 124 | 146 | 173 | 192 | 270 | 287 | 344 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 4 | 14 | 17 | 26 | 23 | 16 | 5 |
| Cash from Investing Activity | -3 | -5 | -3 | -20 | -37 | -20 | 12 |
| Cash from Financing Activity | 0 | -6 | -7 | -3 | 36 | -10 | 13 |
| Net Cash Flow | 1 | 4 | 7 | 3 | 22 | -14 | 30 |
| Free Cash Flow | 1 | 13 | 16 | 7 | 10 | -3 | -11 |
| CFO/OP | 36 | 120 | 205 | 109 | 81 | 62 | 37 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 25 | 82 | 49 | 32 | 38 | 40 | 40 |
| Inventory Days | 180 | 256 | 166 | 129 | 133 | 152 | 184 |
| Days Payable | 108 | 139 | 91 | 77 | 69 | 67 | 71 |
| Cash Conversion Cycle | 97 | 200 | 124 | 84 | 102 | 125 | 152 |
| Working Capital Days | 17 | 6 | -24 | -28 | -15 | 4 | 10 |
| ROCE % | — | 15 | 9 | 30 | 27 | 21 | 18 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 98.92% | 72.71% | 72.79% | 72.79% | 71.83% | 71.85% |
| FIIs | 0% | 1.8% | 0% | 0% | 0% | 0.27% |
| DIIs | 0% | 0.04% | 0% | 0% | 0% | 0.04% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 19.62% | 22.31% | 22.49% | 23.38% | 21.83% |
| Others | 1.08% | 5.84% | 4.9% | 4.72% | 4.79% | 6.01% |
| No. of Shareholders | 7 | 1781 | 3772 | 3360 | 3260 | 3139 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 4 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 225.16 | Buy |
| EMA (10) | 229.85 | Buy |
| SMA (20) | 218.07 | Buy |
| EMA (20) | 222.32 | Buy |
| SMA (50) | 214.94 | Buy |
| EMA (50) | 217.63 | Buy |
| SMA (100) | 225.71 | Buy |
| EMA (100) | 219.91 | Buy |
| SMA (200) | 220.7 | Buy |
| EMA (200) | 230.85 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 65.85 | Neutral |
| MACD (12,26,9) | 7.68 | Buy |
| Stochastic (14,3,3) | 85.1 | Sell |
| ADX (14) | 24.54 | Neutral |
| Williams %R (14) | -5.05 | Sell |
| ATR (14) | 12.75 | High Volatility |
| ROC (12) | 11.16 | Buy |
| Stoch RSI (14) | 94.87 | Sell |
| UO (7,14,28) | 55.3 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 June 2026 - Megatherm Induction to present at Hem Securities virtual investor meet on 17 June 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 9 June 2026 - Megatherm Induction to present at Hem Securities virtual investor meet on 17 June 2026.](https://nsearchives.nseindia.com/corporate/MEGATHERM_09062026115058_NEAPSANNOUNCEMENTINVESTORMEET17062026.pdf) |
| 9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=MEGATHERM&tabIndex=sme) |
| 7 May 2026 - Submitted promoter declarations under SEBI Regulation 31(4) for FY ended March 31, 2026. | [Disclosure under SEBI Takeover Regulations 7 May 2026 - Submitted promoter declarations under SEBI Regulation 31(4) for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/team_bbodade_16042026161012_MEGATHERM.pdf) |
| 7 Aug - Newspaper advertisement submitted for 16th AGM on 29 August 2026 via VC/OAVM. | [Copy of Newspaper Publication 7 Aug - Newspaper advertisement submitted for 16th AGM on 29 August 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/MEGATHERM_07082026141301_NEAPSANNOUNCEMENTNewspaperPublication202526.pdf) |
| 7 Aug - Annual report FY2025-26 web-link shared; 16th AGM scheduled for 29 August 2026 via VC/OAVM. | [Updates 7 Aug - Annual report FY2025-26 web-link shared; 16th AGM scheduled for 29 August 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/MEGATHERM_07082026164557_NEAPSANNOUNCEMENTLETTERWEBLINK202526.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; all shares remain in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; all shares remain in demat form.](https://nsearchives.nseindia.com/corporate/MEGATHERM_07042026113727_NONAPPLICABILITYOFREGULATION74_5_MARCH2026.pdf) |
| 6 Aug - Megatherm Induction schedules 16th AGM on 29 August 2026; seeks auditor reappointment and cost auditor ratification. | [Shareholders meeting 6 Aug - Megatherm Induction schedules 16th AGM on 29 August 2026; seeks auditor reappointment and cost auditor ratification.](https://nsearchives.nseindia.com/corporate/MEGATHERM_06082026105002_NEAPSANNOUNCEMENTNOTICEOFAGM202526.pdf) |
| 5 June 2026 - Megatherm Induction submitted H2 and FY26 post-earnings conference call transcript held on 2 June 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 5 June 2026 - Megatherm Induction submitted H2 and FY26 post-earnings conference call transcript held on 2 June 2026.](https://nsearchives.nseindia.com/corporate/MEGATHERM_05062026161108_NEAPSANNOUNCEMENTMARCHCONCALLTRANSCRIPT.pdf) |
| 4 June 2026 - CRISIL reaffirmed Megatherm Induction’s ₹105 crore bank facilities at BBB/Stable and A3+. | [Credit Rating 4 June 2026 - CRISIL reaffirmed Megatherm Induction’s ₹105 crore bank facilities at BBB/Stable and A3+.](https://nsearchives.nseindia.com/corporate/MEGATHERM_04062026103627_NEAPSANNOUNCEMENTCREDITRATING04062026.pdf) |
| 30 May 2026 - Scrutinizer’s report submitted; postal ballot resolution deemed passed on May 29, 2026. | [Shareholders meeting 30 May 2026 - Scrutinizer’s report submitted; postal ballot resolution deemed passed on May 29, 2026.](https://nsearchives.nseindia.com/corporate/MEGATHERM_30052026130504_NEAPSANNOUNCEMENTScrutinizerReportPostalBallot29052026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30224_MEGATHERM_2025_2026_A_3525105_06082026150927.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27321_MEGATHERM_2024_2025_A_07082025111646.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24825_MEGATHERM_2023_2024_0608202410420.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/MEGATHERM_15112025162654_NEAPSANNOUNCEMENTNOVEMBERCONCALLTRANSCRIPT15112025.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/MEGATHERM_18112024105733_NEAPSANNOUNCEMENTSEPCONCALLTRANSCRIPT18112024.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/MEGATHERM_29052024121001_NEAPSANNOUNCEMENTINVESTORMEET24042024.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/MEGATHERM_05062025150709_NEAPSANNOUNCEMENTMARCHCONCALLTRANSCRIPT05062025.pdf) |
| Apr 2024 | [Concall - Apr 2024](https://nsearchives.nseindia.com/corporate/MEGATHERM_24042024181154_InvestorPresentation24042024.pdf) |

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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 2026-09-13T19:39:54.098Z.