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Ecoboard Industries Ltd

NSE: WESTERNBIO BSE: 523732

56.51

(1.51%)

Tue, 03 Mar 2026, 10:59 pm

Ecoboard Industries Analysis

dividend

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Pros

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    Cons

    • Unable to calculate sustainability of dividends as Ecoboard Industries has not reported any payouts.
    • Unable to evaluate Ecoboard Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
    • Unable to evaluate Ecoboard Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.

    health

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    Pros

    • Ecoboard Industries is profitable, therefore cash runway is not a concern.
    • Ecoboard Industries is profitable, therefore cash runway is not a concern.
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    Cons

    • Ecoboard Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
    • Debt is not well covered by operating cash flow (0.8%, less than 20% of total debt).
    • Debt is not covered by short term assets, assets are 0.6x debt.
    • Ecoboard Industries's long term commitments exceed its cash and other short term assets.
    • The level of debt compared to net worth has increased over the past 5 years (136.2% vs 1120.8% today).
    • Ecoboard Industries's level of debt (1120.8%) compared to net worth is high (greater than 40%).
    • High level of physical assets or inventory.

    management

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    Pros

    • The tenure for the Ecoboard Industries board of directors is about average.
    • Ramakrishna's remuneration is lower than average for companies of similar size in India.
    • Ramakrishna's compensation has been consistent with company performance over the past year, both up more than 20%.
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    Cons

      misc

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      Pros

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        Cons

        • Ecoboard Industries is not covered by any analysts.

        past

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        Pros

        • Ecoboard Industries's year on year earnings growth rate has been positive over the past 5 years.
        • Ecoboard Industries used its assets more efficiently than the IN Forestry industry average last year based on Return on Assets.
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        Cons

        • Ecoboard Industries has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
        • It is difficult to establish if Ecoboard Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
        • Whilst Ecoboard Industries made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
        • Ecoboard Industries has become profitable in the last year making it difficult to compare the IN Forestry industry average.

        value

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        Pros

        • Ecoboard Industries is good value based on earnings compared to the IN Forestry industry average.
        • Ecoboard Industries is good value based on earnings compared to the India market.
        • 523732 outperformed the Forestry industry which returned -48.1% over the past year.
        • 523732 outperformed the Market in India which returned -14.5% over the past year.
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        Cons

        • Ecoboard Industries's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
        • Ecoboard Industries's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
        • Ecoboard Industries is overvalued based on assets compared to the IN Forestry industry average.
        • BSE:523732 is flat (0.7%) underperforming the Forestry industry which returned 7.8% over the past month.
        • BSE:523732 is flat (0.7%) underperforming the market in India which returned 8% over the past month.

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