Electrosteel Castings Ltd

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Electrosteel Castings Ltd

₹ 106 -0.99%
23 May 3:18 p.m.
electrosteel.com BSE: 500128 NSE: ELECTCAST
About

Electrosteel Castings is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF), Cast Iron (CI) Pipes and produces and supplies Pig Iron. [1][2]

Key Points

Business Profile[1]
Electrosteel Castings Limited manufactures and sells Ductile Iron (DI) pipes, fittings, and related products, catering to water infrastructure projects in India and international markets.

Website BSE NSE
  • Market Cap ₹ 6,581 Cr.
  • Current Price ₹ 106
  • High / Low ₹ 237 / 80.0
  • Stock P/E 9.24
  • Book Value ₹ 91.2
  • Dividend Yield 1.30 %
  • ROCE 13.6 %
  • ROE 13.4 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 1.14 times its book value
  • Company has delivered good profit growth of 48.0% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12.8% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,555 1,729 1,698 1,728 1,762 1,495 1,870 1,797 1,776 1,832 1,692 1,659 1,563
1,352 1,525 1,549 1,567 1,552 1,345 1,558 1,402 1,493 1,498 1,443 1,395 1,388
Operating Profit 204 203 149 161 209 150 313 395 283 334 249 264 175
OPM % 13% 12% 9% 9% 12% 10% 17% 22% 16% 18% 15% 16% 11%
29 22 28 23 24 35 18 18 35 19 20 16 38
Interest 51 60 67 73 72 51 55 50 46 37 35 40 31
Depreciation 29 29 29 29 28 28 29 28 30 30 31 33 33
Profit before tax 153 137 81 82 133 105 248 335 243 287 204 207 149
Tax % 20% 24% 21% 20% 24% 22% 26% 25% 10% 26% 25% 24% -28%
123 104 64 65 101 81 184 252 219 212 152 157 191
EPS in Rs 2.06 1.75 1.08 1.10 1.70 1.37 3.10 4.24 3.54 3.43 2.46 2.54 3.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,187 2,154 2,016 1,794 2,021 2,391 2,480 3,076 5,015 6,916 6,938 6,746
1,881 1,875 1,730 1,552 1,796 2,041 2,123 2,686 4,374 6,185 5,772 5,724
Operating Profit 306 278 286 242 225 350 357 389 641 731 1,166 1,022
OPM % 14% 13% 14% 13% 11% 15% 14% 13% 13% 11% 17% 15%
19 31 20 132 80 -729 40 60 76 88 80 94
Interest 136 145 169 201 202 225 220 199 185 272 202 142
Depreciation 53 67 65 64 59 55 53 79 113 114 114 127
Profit before tax 136 96 72 108 44 -659 124 172 419 433 930 847
Tax % 26% 25% 22% 29% -8% -4% 20% 24% 22% 23% 21% 16%
101 73 56 77 47 -636 99 131 326 335 736 712
EPS in Rs 2.92 2.04 1.57 2.16 1.32 -15.68 2.28 3.02 5.48 5.63 11.91 11.52
Dividend Payout % 22% 32% 32% 23% 23% 0% 13% 8% 15% 16% 12% 12%
Compounded Sales Growth
10 Years: 12%
5 Years: 22%
3 Years: 10%
TTM: -3%
Compounded Profit Growth
10 Years: 27%
5 Years: 48%
3 Years: 30%
TTM: -6%
Stock Price CAGR
10 Years: 20%
5 Years: 64%
3 Years: 46%
1 Year: -36%
Return on Equity
10 Years: 8%
5 Years: 11%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 34 36 36 36 36 41 43 43 59 59 62 62
Reserves 2,413 2,469 2,771 2,829 2,856 2,339 2,505 3,577 3,928 4,211 4,930 5,575
2,389 2,464 2,066 1,917 1,564 1,619 1,538 1,888 2,729 2,456 2,035 1,828
571 493 954 993 1,144 975 898 1,227 1,489 1,366 1,562 1,695
Total Liabilities 5,408 5,462 5,828 5,775 5,600 4,973 4,985 6,735 8,205 8,092 8,588 9,160
1,095 1,109 1,714 1,640 1,603 1,579 1,633 2,557 2,688 2,645 2,819 2,947
CWIP 1,211 1,278 1,278 1,210 1,202 1,237 1,165 1,328 1,208 1,302 1,228 1,249
Investments 1,100 1,266 1,149 1,147 1,147 542 540 266 520 225 268 251
2,003 1,809 1,686 1,779 1,648 1,617 1,646 2,584 3,790 3,920 4,273 4,714
Total Assets 5,408 5,462 5,828 5,775 5,600 4,973 4,985 6,735 8,205 8,092 8,588 9,160

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
57 395 510 445 424 -43 238 472 -325 398 681 428
-145 -248 91 77 -59 37 -16 196 -306 207 -9 -128
-80 -152 -595 -343 -561 -5 -256 -537 631 -556 -650 -412
Net Cash Flow -168 -5 6 179 -195 -11 -34 131 -1 48 21 -112

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 103 98 127 98 101 92 94 87 76 69 82 93
Inventory Days 185 160 137 200 159 187 196 241 268 156 178 200
Days Payable 101 72 102 94 108 92 106 100 82 47 50 49
Cash Conversion Cycle 187 187 162 205 151 187 184 228 262 178 210 243
Working Capital Days 128 128 158 153 85 119 112 158 165 133 143 175
ROCE % 6% 5% 5% 6% 5% 8% 9% 8% 10% 11% 17% 14%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
44.08% 44.08% 44.08% 44.08% 44.08% 44.08% 44.08% 46.22% 46.22% 46.22% 46.22% 46.22%
16.69% 15.23% 15.13% 14.69% 14.93% 15.33% 18.18% 19.70% 21.16% 19.73% 19.91% 20.06%
2.10% 1.98% 1.98% 1.76% 1.68% 0.88% 0.43% 0.36% 0.44% 1.98% 0.62% 0.63%
0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.23% 0.23% 0.23% 0.23% 0.23%
36.89% 38.47% 38.58% 39.22% 39.06% 39.47% 37.07% 33.47% 31.95% 31.84% 33.03% 32.87%
No. of Shareholders 90,96896,74198,76197,35092,9551,04,9701,08,3151,21,6151,33,8611,53,2431,67,9351,73,496

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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