Ecoboard Industries Ltd (WESTERNBIO) — shareholding pattern, promoter holding, financials and share price
About Ecoboard Industries Ltd (WESTERNBIO)
Ecoboard Industries Ltd operates in the Plywood Boards/ Laminates industry, within the Consumer Durables sector. It trades on the NSE as WESTERNBIO and on the BSE under scrip code 523732. Its ISIN is INE866A01016.
Incorporated in 1991, Ecoboard Industries Limited is engaged in manufacturing and selling of Eco-Friendly Particle Boards and Bio Systems
Ecoboard Industries Ltd, formerly Western Bio System, manufactures particle boards using agricultural residues like bagasse and rice husk.
The company is positioned as a major player in biogas technology, having erected several biogas plants across India and exported related technology internationally.
Listed peers in Plywood Boards/ Laminates: Greenpanel Industries Ltd, Rushil Decor Ltd, Archidply Industries Ltd, Duroply Industries Ltd, Archidply Decor Ltd, Adhata Global Ltd.
Valuation & Returns
10 Jul 2026At ₹56.5 a share on 10 Jul 2026, Ecoboard Industries Ltd (WESTERNBIO) was valued at a price-to-book of 6.61x on a book value of ₹-1.91 per share as of Mar 2025. Solomo computes return on equity of -44.7% and return on capital employed of -56.81% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- Industry P/E
- 50.62x
- P/B
- 6.61x
- EPS (TTM)
- ₹-3.82
- Book value / share
- ₹-1.91
- ROE
- -44.7%
- ROCE
- -56.81%
- ROA
- -21.07%
- Debt / equity
- 0.34x
- Dividend yield
- 0%
- EBITDA margin
- -34.55%
- 52-week range
- ₹26.5 – ₹77.8
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Ecoboard Industries Ltd (WESTERNBIO) reported revenue of ₹24 crore, net profit of ₹-10 crore and earnings per share of ₹-3.82. That compares with revenue of ₹13 crore and net profit of ₹-18 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹7.89 crore and net profit ₹-2.99 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 35 | 39 | 30 | 13 | 24 |
| Net profit (₹ cr) | 2 | -3 | -7 | -18 | -10 |
| EPS (₹) | 1.2 | -1.76 | -4.08 | -10.25 | -3.82 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | -5.94% | 1.11% | -28.45% | -57.26% |
| Profit growth | - | - | - | -151.44% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 44.84% of Ecoboard Industries Ltd (WESTERNBIO) (down 0.03 pp QoQ). Market capitalisation was ₹149 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: PUSHKALA AVENUES LLP 5.65%, SUPRA INVESTMENTS PVT LTD 1.52%, SHIVEK AGARWAL 1.26%, ROHAN MEHTA 1.26%, ASHISH MAHESHWARI 1.26%, SURENDERPAL SINGH SALUJA 1.26%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 44.84% | - | - | - | 55.16% |
| Mar 2026 | 44.87% | - | - | - | 55.13% |
| Dec 2025 | 44.52% | - | - | - | 55.48% |
| Sep 2025 | 44.52% | - | - | - | 55.48% |
| Jun 2025 | 57.34% | - | - | - | 42.66% |
| Mar 2025 | 57.34% | - | - | - | 42.66% |
| Dec 2024 | 57.37% | - | - | - | 42.63% |
| Sep 2024 | 56.78% | - | - | - | 43.22% |