Ashish Kacholia holds 1.68% stake: Industrials products company forms JV with Cyprium Induction LLC for North American market

The shares of the company have a PE of 27x, an ROE of 16 per cent and an ROCE of 21 per cent.

Megatherm Induction Ltd has entered into an international Joint Venture Agreement with Cyprium Induction, LLC, a US-based Limited Liability Company. This partnership is established to sell and promote all Megatherm products within the North American market, encompassing metal heating and metal equipment, automation, and power distribution equipment. In the proposed joint venture company, Megatherm will hold a 49.99 per cent share, while Cyprium will hold 50.01 per cent. The joint venture's board will consist of six directors, with three nominated by Megatherm and three by Cyprium.

Incorporated in 2010, Megatherm Induction Ltd specialises in the manufacture and sale of Capital Equipment, focusing on induction heating and melting solutions. The company provides a comprehensive range of products, including induction melting furnaces, induction heating equipment, transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. Beyond equipment, Megatherm offers turnkey solutions for steel plants, encompassing planning, engineering, delivery, assembly, commissioning, customer service, maintenance contracts, and spare parts. Additionally, the company performs repairs and servicing for engineering goods, equipment, plants, and machinery, including production, modification, and reconstruction.

The company has a market cap of over Rs 500 crore and has delivered good profit growth of 31 per cent CAGR over last 5 years with an ace investor, Ashish Kacholia holds a 1.68 per cent stake in the company as of March 2025. The shares of the company have a PE of 27x, an ROE of 16 per cent and an ROCE of 21 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.