Electrosteel Castings Ltd

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Electrosteel Castings Ltd

₹ 124 -0.48%
24 Jun 9:01 a.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 ₹ 7,687 Cr.
  • Current Price ₹ 124
  • High / Low ₹ 237 / 80.0
  • Stock P/E 10.8
  • Book Value ₹ 93.5
  • Dividend Yield 1.12 %
  • ROCE 13.2 %
  • ROE 13.0 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 31.6% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12.4% over last 3 years.
  • Company might be capitalizing the interest cost

* 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 SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,577 1,767 1,784 1,852 1,872 1,685 1,919 1,869 2,004 2,012 1,828 1,780 1,701
1,360 1,564 1,630 1,664 1,680 1,525 1,619 1,463 1,693 1,658 1,560 1,525 1,541
Operating Profit 217 203 154 187 193 160 300 406 311 354 268 255 160
OPM % 14% 12% 9% 10% 10% 10% 16% 22% 16% 18% 15% 14% 9%
9 16 17 15 36 27 18 23 34 24 21 39 39
Interest 53 62 69 77 77 57 57 53 52 41 40 45 35
Depreciation 31 30 30 30 31 30 30 30 34 32 36 37 37
Profit before tax 143 127 72 95 121 100 231 346 260 305 212 213 126
Tax % 21% 25% 26% 18% 26% 25% 24% 24% 13% 26% 27% 25% -33%
113 95 53 79 89 75 175 263 227 226 155 160 168
EPS in Rs 1.90 1.60 0.89 1.32 1.50 1.26 2.94 4.43 3.67 3.65 2.51 2.59 2.72
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,459 2,402 2,204 2,079 2,263 2,699 2,711 3,474 5,281 7,276 7,478 7,320
2,161 2,091 1,911 1,791 2,006 2,295 2,320 3,038 4,586 6,530 6,274 6,284
Operating Profit 299 311 293 288 257 404 391 436 695 746 1,204 1,036
OPM % 12% 13% 13% 14% 11% 15% 14% 13% 13% 10% 16% 14%
28 59 7 100 80 -137 8 -194 59 77 76 123
Interest 150 157 180 210 210 235 228 208 195 286 219 161
Depreciation 56 71 67 67 62 59 57 90 115 121 125 142
Profit before tax 120 144 52 111 65 -26 114 -56 444 415 937 856
Tax % 32% 19% 32% 30% -2% -70% 25% 72% 22% 24% 21% 17%
-15 -116 -27 144 124 39 161 -91 348 316 740 710
EPS in Rs -0.46 -3.25 -0.77 4.04 3.47 0.94 3.72 -2.11 5.84 5.31 11.97 11.48
Dividend Payout % -140% -20% -65% 12% 9% 0% 8% -12% 14% 17% 12% 12%
Compounded Sales Growth
10 Years: 12%
5 Years: 22%
3 Years: 12%
TTM: -2%
Compounded Profit Growth
10 Years: 23%
5 Years: 32%
3 Years: 27%
TTM: -6%
Stock Price CAGR
10 Years: 21%
5 Years: 51%
3 Years: 58%
1 Year: -31%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 12%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,168 2,034 2,455 2,349 2,443 2,595 2,837 3,667 4,044 4,323 5,051 5,720
2,571 2,572 2,185 2,057 1,697 1,761 1,736 2,138 2,967 2,667 2,332 2,125
683 575 1,032 1,078 1,225 1,025 977 1,305 1,554 1,469 1,663 1,788
Total Liabilities 5,456 5,218 5,708 5,519 5,401 5,421 5,593 7,152 8,624 8,519 9,108 9,695
1,182 1,154 1,780 1,707 1,678 1,633 1,703 2,633 2,763 2,731 2,928 3,102
CWIP 1,218 1,286 1,278 1,210 1,202 1,237 1,166 1,337 1,208 1,302 1,229 1,249
Investments 839 766 786 590 637 684 747 202 457 161 204 145
2,217 2,012 1,863 2,013 1,884 1,868 1,977 2,980 4,196 4,324 4,747 5,200
Total Assets 5,456 5,218 5,708 5,519 5,401 5,421 5,593 7,152 8,624 8,519 9,108 9,695

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
109 443 533 421 450 -46 225 444 -279 452 806 480
-177 -216 71 72 -69 33 -20 129 -329 168 -37 -142
-88 -236 -592 -332 -574 -5 -220 -419 609 -604 -720 -454
Net Cash Flow -155 -8 12 162 -193 -18 -16 154 1 17 49 -116

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 85 78 89 81 85 82 83 81 65 53 67 74
Inventory Days 232 212 225 249 219 228 278 279 331 208 221 249
Days Payable 119 90 121 109 121 94 120 102 93 54 53 56
Cash Conversion Cycle 197 200 192 220 182 217 242 258 303 207 234 267
Working Capital Days 124 127 154 153 97 130 131 167 176 139 146 176
ROCE % 6% 6% 5% 6% 6% 9% 8% 8% 10% 10% 16% 13%

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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