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Electrosteel Castings

ELECTCAST
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Electrosteel Castings Share price and Fundamental Analysis

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Electrosteel Castings Ltd is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF) and Cast Iron (CI) Pipes. The Company is a water infrastructure company providing techno-economic solutions for water supply and sewerage systems. They also undertake turnkey solutions for water transportation and sewerage management, which include manufacturing DI Pipes, supplying and laying various types of pipes, operating the system and transferring to the owners. The company is headquartered at Kolkata and having their manufacturing facilities at Elavur in Tamilnadu, Khardah and Haldia in West Bengal.
Company Incorporation1955
ChairmanPradip Kumar Khaitan
Head QuartersKolkata
Previous NameNA

Key Metrics

Market Cap (Cr)
6,686.9
PE Ratio
9.42
Industry P/E
21.1
PEG Ratio
-2.31
ROE
12.27%
ROCE
11.98%
ROA
7.32%
Total Debt (Cr)
1,828.09
Debt to Equity
0.37
Dividend Yield
1.29%
EPS
11.48
Book Value & P/B
91.19 x 1.19
Face Value
1
Outstanding Shares(Cr)
61.82
Current Ratio
5.06
EV to Sales
1.22

Included In

+More

Stock Returns

1 Week+10.34%
1 Month+4.07%
6 Months-24.84%
1 Year-35.98%
3 Years+223.95%
5 Years+1063.44%

CAGR

1 Year CAGR

Revenue Growth

+2.78%

Net Profit Growth

+134.05%

Operating Profit Growth

+55.7%

Dividend Growth

+55.56%

Stock Returns CAGR

-35.98%
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2.8
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Mar 25

Promoters : 46.21%

FIIs : 20.06%

DIIs : 0.62%

Public : 33.11%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 11.44% of holding in March 2025 Qtr
FII Shareholding Increased by 0.15% to 20.06% in March 2025 Qtr
DII Shareholding Increased by 0.01% to 0.62% in March 2025 Qtr

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ROE

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ROCE

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ROA

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Dividend History

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Electrosteel Castings Management and History

Company Management

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Company History

Electrosteel Castings Ltd is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF) and Cast Iron (CI) Pipes. The Company is a water infrastructure company providing techno-economic solutions for water supply and sewerage systems. They also undertake turnkey solutions for water transportation and sewerage management, which include manufacturing DI Pipes, supplying and laying various types of pipes, operating the system and transferring to the owners. The company is headquartered at Kolkata and having their manufacturing facilities at Elavur in Tamilnadu, Khardah and Haldia in West Bengal.

Electrosteel Castings Ltd was incorporated in November 26, 1955. In the year 1959, the company commissioned their first cast iron pipe factory at Khardah in West Bengal. They acquired another cast iron pipe manufacturing unit at Elavur in Tamilnadu in the year 1982.

In the year 1994, the company set up a 60000 tpa DI spun pipe plant at Khardah, the first ever in India and in the year 1996, they commissioned their own mini-blast furnace. During the year 1998-99, the company expanded the production capacity of DI Pipes by 30000 tpa to 90000 tpa and Cast Iron Spun Pipes by 25000 tpa to 75000 tpa. During the year 1999-2000, they further increased the production capacity of DI Pipes by 30000 tpa to 120000 tpa.

During the year 2000-01, the company increased the production capacity of DI Pipes by 30000 tpa to 150000 tpa and Mini Blast Furnace by 91000 to 200000 tpa. They further increased the production capacity of DI Pipes by 50000 in the year 2003 and 2006. Thus, the total production capacity increased to 250000 tpa.

In December 24, 2001, the company entered the European market by incorporating a subsidiary, Electrosteel Europe SA in France. In March 2002, they entered into a strategic alliance with the promoters of Lance Group by which the company became involved in the management of Lance Industries Ltd and Lanco Kalahasthi Casting Ltd. Calcutta Steel Company Ltd was amalgamated with the company with effect from May 23, 2002.

In February 2005, the company commissioned their 12 MW Power Plant at Haldia, which generates power using waste gas of Coke Oven Plant and Sponge Iron Plant. During the year 2006-07, they commissioned Pulverized Coal Injection System in Blast Furnace and Stamp Charging System in Coke Oven Plant at Khardah.

During the year 2007-08, the company signed the mining lease agreement with the Government of Jharkhand for Coking Coal mine in Jharia Coalfield. They installed a Sinter Plant and a 33 KV sub-station.

Engineering Exports Promotion Council, Eastern Region presented the Export Excellence Award to the company for the outstanding contribution in exports made during 2005-06. Also, Kolkata Port Trust awarded the certificate of Excellence in recognition of the tendering highest number of containers for the year 2006-07.

The company plans to install a 12 MW power plant at Haldia, which will produce power from water from waste heat gas from coke oven batteries. They plan to construct a railway siding at Haldia to create facility for smooth movement of materials form the forthcoming coal mine at Parbatpur, Jharkhand and iron ore mine at Kodalibad, Jharkhand. They are also acquiring two wagon rakes under the Indian Railway's Wagon Investment Scheme (WIS) to part solve the logistics problem.

The Company commissioned railway siding at Barajamda in April 2012. M/s. Electrosteel Bahrain Holding S.P.C. Company, Bahrain was incorporated as Subsidiary of the Company and M/s. Singardo International Pte. Ltd. Singapore ceased to be the Subsidiary during the year 2014-15. During the year 2018-19, Electrosteel Steels Limited ceased to be an Associate Company of the Company, with effect from 6 June 2018.

During the year 2019-20, National Company Law Tribunal, Cuttack Bench, vide its order dated 2 September, 2019, approved Scheme of Amalgamation of Mahadev Vyapaar Pvt Ltd, wholly owned subsidiary, w.e.f. 1 April, 2014, with the Company, which got amalgamated with the Company. Subsequently, Mahadev Vyapaar Pvt Ltd has ceased to be a subsidiary of the Company. Electrosteel Thermal Power Limited ceased to be an Associate Company of the Company, with effect from 1 August, 2019.

The Company commissioned Ferro Alloy Manufacturing Plant at Haldia in July 2019-20. The Amalgamation of Srikalahasthi Pipes Limited (SPL) with the Company was approved by the Board of Directors of the respective Companies on 5 October, 2020 with Appointed Date of 1 October, 2020. The National Company Law Tribunal (NCLT), Amravati had approved the said amalgamation vide its orders dated 22 November, 2021 and 14 December, 2021. The said amalgamation was also approved by the NCLT Cuttack vide its order dated 09 December, 2021. Consequent to the approval of the Scheme, SPL amalgamated with the Company and has ceased to be a a Subsidiary Company effective from 31 December, 2021.

During the year 2021-22, in addition to existing 12 MW Captive Power Plant, 7.5 MW capacity Captive Power Plant was commissioned, at Srikalahasthi Unit, which is also being operated using the generation of steam from the waste gases of Coke Oven Plant. The new Power Plant has stabilized its operations and started generating 3.50 MW - 4 MW power on an average from August, 2022. Ferro Alloys Manufacturing facility was commissioned at Srikalahasthi in 2022.

Electrosteel Castings Share Price

Electrosteel Castings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Electrosteel Castings Market Cap

Market capitalization of Electrosteel Castings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Electrosteel Castings is valued compared to its competitors.

Electrosteel Castings PE Ratio

Electrosteel Castings PE ratio helps investors understand what is the market value of each stock compared to Electrosteel Castings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Electrosteel Castings PEG Ratio

The PEG ratio of Electrosteel Castings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Electrosteel Castings ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Electrosteel Castings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Electrosteel Castings ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Electrosteel Castings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Electrosteel Castings Total Debt

Total debt of Electrosteel Castings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Electrosteel Castings Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Electrosteel Castings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Electrosteel Castings CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Electrosteel Castings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Electrosteel Castings Technical Analysis

Technical analysis of Electrosteel Castings helps investors get an insight into when they can enter or exit the stock. Key components of Electrosteel Castings Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Electrosteel Castings shares often struggle to rise above due to selling pressure.

Electrosteel Castings Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Electrosteel Castings ’s financial health and profitability.

Electrosteel Castings Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Electrosteel Castings Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Electrosteel Castings Financials

The financials of Electrosteel Castings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Electrosteel Castings Profit and Loss Statements

The profit and loss statement of Electrosteel Castings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Electrosteel Castings .

Electrosteel Castings Balance Sheet

The balance sheet presents a snapshot of Electrosteel Castings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Electrosteel Castings Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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