Electrosteel Castings Ltd

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Electrosteel Castings Ltd

₹ 73.9 2.75%
21 Aug - close price
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 ₹ 4,567 Cr.
  • Current Price ₹ 73.9
  • High / Low ₹ 104 / 60.1
  • Stock P/E 51.0
  • Book Value ₹ 91.9
  • Dividend Yield 1.22 %
  • ROCE 4.73 %
  • ROE 2.68 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.80 times its book value
  • Company has been maintaining a healthy dividend payout of 22.1%

Cons

  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 10.4% over last 3 years.
  • Earnings include an other income of Rs.161 Cr.

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE Industrials BSE 1000 Nifty Microcap 250 Nifty Smallcap 500 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
1,494.92 1,870.22 1,796.57 1,776.30 1,832.02 1,692.16 1,659.15 1,562.55 1,402.11 1,192.32 1,241.57 1,196.54 1,091.44
1,345.39 1,557.50 1,401.79 1,493.12 1,497.73 1,442.88 1,395.49 1,387.72 1,239.77 1,109.74 1,207.78 1,171.22 1,048.36
Operating Profit 149.53 312.72 394.78 283.18 334.29 249.28 263.66 174.83 162.34 82.58 33.79 25.32 43.08
OPM % 10.00% 16.72% 21.97% 15.94% 18.25% 14.73% 15.89% 11.19% 11.58% 6.93% 2.72% 2.12% 3.95%
34.76 18.02 17.55 35.35 19.30 20.34 16.13 38.16 23.80 90.96 10.37 31.95 27.51
Interest 51.28 54.69 49.79 46.10 36.70 34.59 39.93 30.59 32.59 34.03 32.71 27.40 21.82
Depreciation 28.40 28.55 27.80 29.57 29.95 31.40 33.09 33.04 36.57 37.54 37.74 37.55 36.60
Profit before tax 104.61 247.50 334.74 242.86 286.94 203.63 206.77 149.36 116.98 101.97 -26.29 -7.68 12.17
Tax % 22.19% 25.63% 24.74% 9.96% 26.00% 25.41% 24.00% -27.71% 26.45% 25.49% -23.93% 39.19% 51.36%
81.40 184.05 251.94 218.66 212.34 151.89 157.14 190.75 86.04 75.99 -20.01 -10.69 5.92
EPS in Rs 1.37 3.10 4.24 3.54 3.43 2.46 2.54 3.09 1.39 1.23 -0.32 -0.17 0.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
2,154 2,016 1,794 2,021 2,391 2,480 3,076 5,015 6,916 6,938 6,746 5,033 4,722
1,875 1,730 1,552 1,796 2,041 2,123 2,686 4,374 6,185 5,772 5,710 4,729 4,537
Operating Profit 278 286 242 225 350 357 389 641 731 1,166 1,035 304 185
OPM % 13% 14% 13% 11% 15% 14% 13% 13% 11% 17% 15% 6% 3.9%
31 20 132 80 -729 40 60 76 88 80 81 157 161
Interest 145 169 201 202 225 220 199 185 272 202 142 127 116
Depreciation 67 65 64 59 55 53 79 113 114 114 127 149 149
Profit before tax 96 72 108 44 -659 124 172 419 433 930 847 185 80
Tax % 25% 22% 29% -8% -4% 20% 24% 22% 23% 21% 16% 29%
73 56 77 47 -636 99 131 326 335 736 712 131 51
EPS in Rs 2.04 1.57 2.16 1.32 -15.68 2.28 3.02 5.48 5.63 11.91 11.52 2.12 0.84
Dividend Payout % 32% 32% 23% 23% -0% 13% 11% 15% 16% 12% 12% 42%
Compounded Sales Growth
10 Years: 10%
5 Years: 10%
3 Years: -10%
TTM: -25%
Compounded Profit Growth
10 Years: 8%
5 Years: 3%
3 Years: -24%
TTM: -85%
Stock Price CAGR
10 Years: 12%
5 Years: 17%
3 Years: 7%
1 Year: -28%
Return on Equity
10 Years: 7%
5 Years: 10%
3 Years: 10%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 36 36 36 36 41 43 59 59 59 62 62 62
Reserves 2,469 2,771 2,829 2,856 2,339 2,505 3,577 3,928 4,211 4,930 5,575 5,622
2,464 2,066 1,917 1,564 1,619 1,538 1,888 2,729 2,456 2,035 1,828 1,217
493 954 993 1,144 975 898 1,211 1,489 1,366 1,562 1,695 1,733
Total Liabilities 5,462 5,828 5,775 5,600 4,973 4,985 6,735 8,205 8,092 8,588 9,160 8,634
1,109 1,714 1,640 1,603 1,579 1,633 2,557 2,688 2,645 2,819 2,947 2,969
CWIP 1,278 1,278 1,210 1,202 1,237 1,165 1,328 1,208 1,302 1,228 1,249 1,185
Investments 1,266 1,149 1,147 1,147 542 540 266 520 225 268 251 802
1,809 1,686 1,779 1,648 1,617 1,646 2,584 3,790 3,920 4,273 4,714 3,677
Total Assets 5,462 5,828 5,775 5,600 4,973 4,985 6,735 8,205 8,092 8,588 9,160 8,634

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
395 510 445 424 -43 238 472 -325 398 678 428 1,056
-248 91 77 -59 37 -16 196 -306 207 -9 -128 -171
-152 -595 -343 -561 -5 -256 -537 631 -556 -648 -412 -827
Net Cash Flow -5 6 179 -195 -11 -34 131 -1 48 21 -112 59
Free Cash Flow 263 489 558 405 -96 183 357 -507 220 445 160 957
CFO/OP 145% 182% 196% 193% -8% 68% 132% -34% 70% 77% 61% 362%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 98 127 98 101 92 94 87 76 69 82 93 89
Inventory Days 160 137 200 159 187 196 241 268 156 178 200 206
Days Payable 72 102 94 108 92 106 100 82 47 50 49 55
Cash Conversion Cycle 187 162 205 151 187 184 228 262 178 210 243 240
Working Capital Days -9 21 32 6 23 23 31 29 42 58 82 96
ROCE % 5% 5% 6% 5% 8% 9% 8% 10% 11% 17% 14% 5%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 May 2026
DI Pipe Production Volume
Lakh MT

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DI Pipe Installed Capacity
Lakh MT
Total Sales Volume (DI Pipes + DI Fittings + CI Pipes)
Lakh MT
Number of Countries Exported To
Count
Order Book (Coverage in Months)
Months
Total Finished Goods Capacity (DI Pipes + CI Pipes + DI Fittings)
Lakh MT
DI Pipe Capacity Utilization
%
Domestic Market Share (DI Pipes)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
44.08% 44.08% 46.22% 46.22% 46.22% 46.22% 46.22% 46.22% 46.22% 46.22% 50.14% 50.14%
15.33% 18.18% 19.70% 21.16% 19.73% 19.91% 20.06% 20.27% 19.26% 19.38% 15.73% 12.80%
0.88% 0.43% 0.36% 0.44% 1.98% 0.62% 0.63% 0.21% 0.25% 0.24% 0.23% 0.37%
0.24% 0.24% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23%
39.47% 37.07% 33.47% 31.95% 31.84% 33.03% 32.87% 33.08% 34.07% 33.94% 33.67% 36.47%
No. of Shareholders 1,04,9701,08,3151,21,6151,33,8611,53,2431,67,9351,73,4961,82,1891,86,2561,82,2431,76,9131,79,894

* 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.

Click on the line-items to see the names of individual entities.

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