Electrosteel Castings logo

Electrosteel Castings

ELECTCAST NSE

Key Fundamentals

MicrocapIron & Steel ProductsIndustrial Products
Market Cap
₹4,774 Cr
Volatility
Moderate
P/E Ratio
39.6
EBITDA
₹574 Cr
Return on Equity
2.73%
Debt to Equity
0.26
Book Value
₹95.82
EPS
₹14.98
52W High
₹87.78
52W Low
₹76.65

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company has reduced debt.
  • Stock is trading at 0.81 times its book value
  • Company has been maintaining a healthy dividend payout of 19.4%

Weaknesses

3
  • The company has delivered a poor sales growth of 11.2% over past five years.
  • Company has a low return on equity of 10.3% over last 3 years.
  • Earnings include an other income of Rs.187 Cr.

Growth Rate

Revenue Growth
-17.61% lower than 3Y
Net Income Growth
-77.24% lower than 3Y
Cash Flow Change
139% higher than 3Y
ROE
-77.75% lower than 3Y
ROCE
-65.31% higher than 3Y
EBITDA Margin (Avg.)
-39.95% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 44d ago
AI opinion · based on fundamentals
Risk high

Electrosteel Castings Ltd trades at a market cap of ₹4,374 Cr with a P/B of 0.74x, indicating the stock is below book value, while its P/E of 27.1x reflects compressed trailing earnings. The company has seen a sharp TTM profit decline of -74% and sales contraction of -19% TTM, though it has a history of debt reduction and maintains a 1.98% dividend yield.

Bull Case 7
  • Stock trades at 0.74x book value, significantly below its net asset value, offering a potential margin of safety
  • Company has reduced debt, improving balance sheet health and lowering financial risk
  • Healthy dividend payout ratio of 19.4% with a current dividend yield of 1.98%, providing income even during downturns
  • 10-year compounded profit growth of 30% demonstrates long-term earnings power despite recent weakness
  • 5-year stock CAGR of 13% and 10-year CAGR of 12% show sustained long-term wealth creation
  • 5-year compounded sales growth of 11% indicates the business has scaled over a medium-term horizon
  • 10-year compounded sales growth of 10% reflects a steady demand trajectory for the company's ductile iron pipe products
Bear Case 8
  • TTM compounded profit has declined -74%, signaling severe near-term earnings deterioration
  • TTM sales have contracted -19%, indicating significant demand weakness or pricing pressure in current operations
  • Working capital days have increased sharply from 86.2 days to 125 days, tying up more cash in operations and straining liquidity
  • 3-year compounded profit growth is -16%, showing the earnings decline is not just a one-quarter event but a sustained trend
  • Last year ROE dropped to just 3% versus a 3-year average of 10%, reflecting a sharp deterioration in capital efficiency
  • Stock has declined -36% over the past 1 year, reflecting significant market de-rating and loss of investor confidence
  • Earnings include other income of ₹176 Cr, meaning core operating profitability is weaker than headline numbers suggest
  • 3-year compounded sales growth is -7%, indicating a medium-term revenue contraction trend beyond just TTM softness

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Neutral 2
  • Two senior VPs retire Aug 2

    R.M. Gupta and Rashmi Ranjan Das retired as Senior Vice Presidents effective July 31, 2026. No immediate successors have been named.

  • Director re-appointment postal ballot Jul 14

    Electrosteel Castings initiated a postal ballot to seek shareholder approval for re-appointment of Uddhav Kejriwal and tenure revision for Priya Manjari Todi as Whole-time Directors.

TL;DR: Recent news flow for Electrosteel Castings is limited to routine corporate governance actions — senior management retirements and director re-appointments — with no material operational or financial developments. There are no visible headwinds or positive catalysts in the current news cycle. The trend is neutral with no directional signal for the stock.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,685
1,919
1,869
2,004
2,012
1,828
1,780
1,701
1,558
1,396
1,472
1,493
1,426
Expenses
1,525
1,619
1,463
1,693
1,658
1,560
1,525
1,541
1,387
1,303
1,438
1,431
1,326
Operating Profit
160
300
406
311
354
268
255
160
170
93
34
62
100
OPM %
10%
16%
22%
16%
18%
15%
14%
9%
11%
7%
2.3%
4.1%
7%
Other Income
27
18
23
34
24
21
39
39
28
95
16
37
39
Interest
57
57
53
52
41
40
45
35
36
38
37
32
27
Depreciation
30
30
30
34
32
36
37
37
41
43
45
44
43
PBT
100
231
346
260
305
212
213
126
121
107
-32
23
69
Tax %
25%
24%
24%
13%
26%
27%
25%
-33%
27%
27%
-31%
29%
30%
Net Profit
75
175
263
227
226
155
160
168
89
78
-22
16
48
EPS in Rs
1.26
2.94
4.43
3.67
3.65
2.51
2.59
2.72
1.44
1.27
-0.35
0.26
0.78
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,402
2,204
2,079
2,263
2,699
2,711
3,474
5,281
7,276
7,478
7,320
5,918
5,786
Expenses
2,091
1,911
1,791
2,006
2,295
2,320
3,038
4,586
6,530
6,274
6,270
5,559
5,497
Operating Profit
311
293
288
257
404
391
436
695
746
1,204
1,050
359
289
OPM %
13%
13%
14%
11%
15%
14%
13%
13%
10%
16%
14%
6%
5%
Other Income
59
7
100
80
-137
8
-194
59
77
76
109
176
187
Interest
157
180
210
210
235
228
208
195
286
219
161
144
135
Depreciation
71
67
67
62
59
57
90
115
121
125
142
173
175
PBT
144
52
111
65
-26
114
-56
444
415
937
856
219
166
Tax %
19%
32%
30%
-2%
-70%
25%
72%
22%
24%
21%
17%
26%
—
Net Profit
-116
-27
144
124
39
161
-91
348
316
740
710
161
121
EPS in Rs
-3.25
-0.77
4.04
3.47
0.94
3.72
-2.11
5.84
5.31
11.97
11.48
2.61
1.96
Div. Payout %
-20%
-65%
12%
9%
0%
8%
-16%
14%
17%
12%
12%
34%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
36
36
36
36
41
43
59
59
59
62
62
62
Reserves
2,034
2,455
2,349
2,443
2,595
2,837
3,667
4,044
4,323
5,051
5,720
5,862
Borrowings
2,572
2,185
2,057
1,697
1,761
1,736
2,138
2,967
2,667
2,335
2,125
1,561
Other Liabilities
575
1,032
1,078
1,225
1,025
977
1,289
1,554
1,469
1,661
1,788
1,977
Total Liabilities
5,218
5,708
5,519
5,401
5,421
5,593
7,152
8,624
8,519
9,108
9,695
9,461
Fixed Assets
1,154
1,780
1,707
1,678
1,633
1,703
2,633
2,763
2,731
2,928
3,102
3,212
CWIP
1,286
1,278
1,210
1,202
1,237
1,166
1,337
1,208
1,302
1,229
1,249
1,186
Investments
766
786
590
637
684
747
202
457
161
204
145
578
Other Assets
2,012
1,863
2,013
1,884
1,868
1,977
2,980
4,196
4,324
4,747
5,200
4,486
Total Assets
5,218
5,708
5,519
5,401
5,421
5,593
7,152
8,624
8,519
9,108
9,695
9,461
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
443
533
421
450
-46
225
444
-279
452
803
480
1,147
Investing
-216
71
72
-69
33
-20
129
-329
168
-37
-138
-119
Financing
-236
-592
-332
-574
-5
-220
-419
609
-604
-718
-454
-900
Net Cash Flow
-8
12
162
-193
-18
-16
154
1
17
49
-112
127
Free Cash Flow
348
495
529
421
-103
166
312
-458
268
563
206
1,041
CFO/OP
147
186
156
180
-7
60
112
-24
78
86
67
337
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
78
89
81
85
82
83
81
65
53
67
74
66
Inventory Days
212
225
249
219
228
278
279
331
208
221
249
276
Days Payable
90
121
109
121
94
120
102
93
54
53
56
63
Cash Conversion Cycle
200
192
220
182
217
242
258
303
207
235
267
278
Working Capital Days
-10
11
27
5
26
24
31
33
43
55
79
92
ROCE %
6%
5%
6%
6%
9%
8%
8%
10%
10%
16%
13%
5%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.36%Govt.0.23%Promot.50.13%Others9.14%FIIs12.80%Public27.33%As ofJun 2026
10.54% of promoter holding pledged as of Jun 2026

Documents

Frequently Asked Questions about Electrosteel Castings

What does Electrosteel Castings Ltd do?
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]
Where is Electrosteel Castings Ltd (ELECTCAST) listed?
Electrosteel Castings Ltd trades as ELECTCAST on the NSE and under code 500128 on the BSE.
Which sector does Electrosteel Castings Ltd belong to?
Electrosteel Castings Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Electrosteel Castings Ltd?
Electrosteel Castings Ltd has a market capitalisation of ₹4,774 Cr, which places it in the Small Cap band.
What is the PE ratio of Electrosteel Castings Ltd?
Electrosteel Castings Ltd trades at a PE ratio of 39.60, on earnings per share of ₹14.98, against a book value of ₹95.82 per share.
What is the 52-week high and low of Electrosteel Castings Ltd?
Over the last 52 weeks Electrosteel Castings Ltd has traded between ₹76.65 and ₹87.78.
Does Electrosteel Castings Ltd pay dividends?
Electrosteel Castings Ltd has a dividend yield of 1.13%.
What is the Return on Equity (ROE) of Electrosteel Castings Ltd?
Electrosteel Castings Ltd reported a return on equity of 2.73%. Its debt-to-equity ratio is 0.26.

Company Information

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]

Website electrosteel.com
CEO Mr. Sunil Katial
Employees 3,015
Listed 2003-06-20
Face Value ₹ 1
Issued Size 61,81,84,591

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