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BSE: 500128 | NSE: ELECTCAST | Castings/Forgings | Small Cap
1. Is Electrosteel Castings Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Electrosteel Castings Ltd is a below average quality company.
2. Is Electrosteel Castings Ltd undervalued or overvalued?
The key valuation ratios of Electrosteel Castings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Electrosteel Castings Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Electrosteel Castings Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 3.8% | 4.4% | 3.3% | 3.2% | 3.7% | 4% | -1.4% | 5.6% | 5.6% | 7.4% | - | ||
| Value Creation Index ⓘ | -0.7 | -0.7 | -0.8 | -0.8 | -0.7 | -0.7 | -1.1 | -0.6 | -0.6 | -0.5 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 1,935 | 2,187 | 2,154 | 2,016 | 1,794 | 2,021 | 2,391 | 2,480 | 3,076 | 5,015 | 6,916 | ||
| YoY Gr. Rt. % | - | 13% | -1.5% | -6.4% | -11% | 12.7% | 18.3% | 3.7% | 24% | 63.1% | - | ||
| Adj EPS ⓘ | 2.3 | 3.3 | 1.7 | 1.1 | 1 | 1.2 | -5.3 | 2.1 | 3 | 5.4 | 5.6 | ||
| YoY Gr. Rt. % | - | 42.6% | -49.4% | -34.3% | -4.6% | 15.4% | -545% | NA | 43.3% | 80.2% | - | ||
| BVPS (₹) ⓘ | 54.5 | 54.7 | 55 | 78.6 | 80.3 | 81 | 58.7 | 58.9 | 83.6 | 67.1 | 71.8 | ||
| Adj Net Profit ⓘ | 75.2 | 113 | 59.3 | 38.8 | 37.2 | 42.8 | -217 | 90 | 129 | 319 | 335 | ||
| Cash Flow from Ops. ⓘ | 152 | 57.3 | 395 | 510 | 445 | 424 | -43.5 | 238 | 472 | -325 | - | ||
| Debt/CF from Ops. ⓘ | 14.9 | 41.7 | 6.2 | 4.1 | 4.3 | 3.7 | -37.2 | 6.4 | 3.9 | -8.3 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 11.2% | 22.8% | 28% | 63.1% | ||||||||
| Adj EPS ⓘ | 9.9% | 38.9% | NA | 80.2% | ||||||||
| BVPS ⓘ | 2.3 | -3.5 | 4.6 | -19.8 | ||||||||
| Share Price | 14.2% | 17.1% | 69.1% | 58.1% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 3.7 | 4.7 | 2.4 | 1.5 | 1.3 | 1.5 | -8.2 | 3.7 | 4.2 | 8.4 | 8.1 | |
| Op. Profit Mgn % ⓘ | 10 | 15.1 | 12.9 | 13.2 | 15.4 | 12.2 | 15.8 | 14.4 | 12.6 | 12.7 | 10.4 | |
| Net Profit Mgn % ⓘ | 3.9 | 5.2 | 2.8 | 1.9 | 2.1 | 2.1 | -9.1 | 3.6 | 4.2 | 6.4 | 4.8 | |
| Debt to Equity ⓘ | 1.3 | 1.3 | 1.3 | 0.7 | 0.7 | 0.5 | 0.7 | 0.6 | 0.5 | 0.7 | 0.2 | |
| Working Cap Days ⓘ | 279 | 263 | 279 | 288 | 302 | 260 | 224 | 226 | 221 | 199 | 200 | |
| Cash Conv. Cycle ⓘ | 169 | 156 | 151 | 143 | 140 | 128 | 129 | 140 | 134 | 131 | 65 | |
Return on Equity has increased versus last 3 years average to 8.10%
Sales growth is growing at healthy rate in last 3 years 28.01%
Debt to equity has declined versus last 3 years average to 0.68
Sales growth is good in last 4 quarters at 42.27%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.6 | 5.3 |
| TTM Sales (₹ Cr.) | 6,916 | 7,276 |
| BVPS (₹.) ⓘ | 71.8 | 73.7 |
| Reserves (₹ Cr.) ⓘ | 4,211 | 4,323 |
| P/BV ⓘ | 0.76 | 0.74 |
| PE ⓘ | 9.68 | 10.26 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 26.40 / 54.90 |
| All Time Low / High (₹) | 3.05 / 101.50 |
| Market Cap (₹ Cr.) | 3,239 |
| Equity (₹ Cr.) | 59.5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 25.2 |
| Pledged * | 13.66 | 13.65 | 13.65 | 13.65 | 13.65 | 12.47 | 12.47 | 12.47 | 12.47 | 12.47 |
Electrosteel Castings (ECL), incorporated in 1955, is engaged manufacturing solutions for water supply and sewerage systems.
Growing from strength to strength over half a century, Electrosteel Castings Limited is inspired by a strong legacy and motivated by the vision to remain world-class through a focus on quality products and quality services. Today the Company is India's leading pipeline solution provider. It has a strong brand presence around the globe and has one prevailing aim - to remain the first choice in the market segment by becoming an international benchmark. An industry pioneer in India, Electrosteel has always remained the distinct choice for water engineers and domain experts in Ductile Iron Pipes and Fittings.
Apart from meeting the growing demand for DI Pipes in India successfully, Electrosteel has established a strong foothold in the international markets. It caters to a large customer base in 35 countries spread across the Indian subcontinent, South East Asia and the Middle East, Europe, USA, South America and Africa. ECL has been certified for ISO 9001: 2000 standard by different bodies such as IRQS and BSI for the manufacture of DI pipes for water, sewerage, gas and ash transportation. Electrosteel has been accorded the status of a three star export house in accordance with the provisions of the exim policy.
The company has clientele in Europe, the Gulf, Southeast Asia and
In 2011 Electrosteel entered into Joint Venture Agreement (JV) with Dart Energy Ltd.
Products and services
Ductile Iron Pipes- The company is largest manufacturer in
Ductile Iron Fitting- The company is engaged in manufacturing of socket and spigot push-on joints, mechanical flexible joints and flanged joints.
Turnkey Projects- ECL also undertakes infrastructure projects such as municipal water supply pipeline contracts and integrated water supply contracts on EPC (Engineering, Procurement & Construction) basis. Presently the company is involved in contracts located Rajasthan, Jammu & Kashmir,
Milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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