admin
Megatherm Induction Ltd Pioneering Innovation in the Energy Sector
Note: The following information is for informational purposes only and not a recommendation.
About Megatherm Induction Ltd
Megatherm Induction Ltd is at the forefront of the energy sector, driving transformative manufacturing and global expansion. With a commitment to innovation and sustainability, the company is positioned for significant growth.
Key Highlights
- Unpledged Shares
- Promoters have successfully unpledged their entire 21.92% stake, reinforcing their confidence in the company’s future.
- Transformative Manufacturing Facility
- Megatherm is commissioning the largest transformer manufacturing unit in Eastern India, poised to revolutionize production capacity and efficiency.
- Robust Order Book
- The company has secured fresh orders totaling ₹123 crore, bringing the total order book to ₹411 crore. An additional ₹90 crore pipeline is nearing finalization, indicating strong demand.
- Global Expansion
- Megatherm has expanded into new markets, including the UK, diversifying its client base and enhancing international presence.
- Revenue Growth Target
- Aiming for a 3-4x revenue growth over the next five years, with FY24 revenue projected at ₹300 crore. The company targets EBITDA margins to rise from 12% to 15% by FY27 and 20% by FY30.
- Next-Generation Innovation
- The upcoming launch of a next-generation hybrid converter will position Megatherm as a leader in technological advancements in the energy sector.
Leadership Profile
Managing Director & Chairman
- Education: Bachelor in Electrical Engineering from Jadavpur University.
- Achievements: Gold medalist, awarded for academic excellence, and recipient of various industry accolades.
- Experience: Over 45 years in the industry, with a vision to achieve 10x growth within five years, having acquired shares at ₹198 in February 2024.
Market Outlook
With a strong demand outlook driven by the government’s focus on adding electricity capacity, Megatherm Induction Ltd is well-positioned for significant growth and value creation. The combination of expanding manufacturing capabilities and a robust order book sets the stage for a promising future in the energy sector.
Stay Updated!
For more updates and insights on Megatherm Induction Ltd, follow us on our social media channels and subscribe to our newsletter.
Geographical Revenue Bifurcation
- Domestic Revenue: 74.5% in FY23 (down from 80% in FY22)
- Exports Revenue: 25.5% in FY23 (up from 20% in FY22)
Incorporated: 2010
Location: Kharagpur, India
Megatherm Induction Ltd specializes in the manufacture of induction heating and melting products, utilizing advanced electrical induction technology. With a focus on quality and innovation, the company provides a comprehensive range of equipment tailored for the steel production industry.
- Business updates
Megatherm Induction manufactures a variety of upstream and downstream machinery for steelworks, including:- Induction Melting Furnaces
- Transformers
- Ladle Refining Furnaces
- Continuous Casting Machines
- Fume Extraction Systems
- Electric Arc Furnaces for the alloy and special steel industry.
- Turnkey Solutions
The company offers complete turnkey solutions for steel plants, encompassing:- Planning
- Engineering
- Delivery
- Assembly
- Commissioning
- Customer service, including maintenance contracts and spare parts.
- User Industries
Megatherm caters to various sectors, including:- Secondary steel producers (recycling scrap)
- Primary steel producers (converting iron ore into steel)
- Automotive suppliers
- Ordnance factories and railroads
- DI pipe manufacturers
- Engineering industries producing critical components.
- Product Portfolio
The extensive product lineup includes:- Induction Melting Furnaces
- Induction Billet Heaters
- Induction Hardening & Heat-Treating Equipment
- Induction Heating Power Sources (Static Frequency Converters)
- Transformers
- Ladle Refining Furnaces
- Electric Arc Furnaces
- Continuous Casting Machines (CCM)
- Manufacturing Facilities
Megatherm operates a state-of-the-art manufacturing unit in Kharagpur with a production capacity of approximately 300 furnaces and transformers. - International Presence
The company exports its products to multiple regions, including:- South America
- Africa
- The Gulf region
- Europe
- SAARC nations
- Southeast Asia
Clientele
Megatherm’s impressive list of clients includes prominent organizations such as:
- BHEL
- Indian Railways
- Tata Motors
- Mahindra
- CESC
- Hindalco
- Sundaram Fasteners
- MM Forging
- Talbros Axles
- Shyam Metalics
- Sarda Energy
- Rashmi Metaliks
- Prakash Industries
Business Profile sector’s
- Megatherm Induction Ltd
- Energy SectorTransformer
- ManufacturingRevenue
- GrowthGlobal Expansion
- Next-Generation Technology
- EBITDA Margins
- Electrical Engineering
- Investment Opportunities
- Indian Manufacturing
About Company Website : Megatherm Induction Ltd
Stay Updated! : Multibagger Hunt
admin
