Electrosteel Castings Ltd (ELECTCAST) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500128 | NSE: ELECTCAST | Steel & Iron Products | Small Cap

Electrost Castings Share Price

69.07 -2.97 -4.12%
as on 05-Dec'25 15:23

Electrosteel Castings Ltd (ELECTCAST) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500128 | NSE: ELECTCAST | Steel & Iron Products | Small Cap

DeciZen - make an informed investing decision on Electrost Castings

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Electrosteel Castings stock performance -

Key Ratios
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P/E Ratio (SA):
8.73
Market Cap:
4,453.4 Cr.
52-wk low:
71.9
52-wk high:
171.3

Is Electrosteel Castings Ltd an attractive stock to invest in?


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10 Year X-Ray of Electrost Castings: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Electrosteel Castings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.2%6.4%5.3%-10.3%7.9%7.8%9.9%10.5%16.5%13.7%-
Value Creation
Index
-0.6-0.5-0.6-1.7-0.4-0.4-0.3-0.30.20.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0161,7942,0212,3912,4803,0765,0156,9166,9386,7465,813
Sales YoY Gr.--11%12.7%18.3%3.7%24%63.1%37.9%0.3%-2.8%-
Adj EPS 1.111.2-5.32.135.55.51211.58.3
YoY Gr.--4.6%15.4%-545%NA43.3%82.9%0.6%118.4%-3.9%-
BVPS (₹) 78.680.38158.758.983.667.171.480.891.292.4
Adj Net
Profit
38.837.242.8-21790129324326740711510
Cash Flow from Ops. 510445424-43.5238472-325398678428-
Debt/CF from Ops. 4.14.33.7-37.26.43.9-8.36.134.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.4%22.2%10.4%-2.8%
Adj EPS 29.9%40.8%28.3%-3.9%
BVPS1.7%9.2%10.8%12.9%
Share Price 12.6% 24.1% 19.8% -57.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.51.31.5-8.23.74.28.57.91613.49
Op. Profit
Mgn %
13.215.412.215.814.412.612.710.316.615.211.8
Net Profit
Mgn %
1.92.12.1-9.13.64.26.54.710.710.58.8
Debt to
Equity
0.70.70.50.70.60.50.70.60.40.30
Working Cap
Days
288302260224226221199181196230143
Cash Conv.
Cycle
14314012812914013413112813815758

Recent Performance Summary

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Latest Financials - Electrosteel Castings Ltd.

Standalone Consolidated
TTM EPS (₹) 8.3 8
TTM Sales (₹ Cr.) 5,813 6,431
BVPS (₹.) 92.4 95.3
Reserves (₹ Cr.) 5,648 5,832
P/BV 0.78 0.76
PE 8.73 8.98
From the Market
52 Week Low / High (₹) 71.88 / 171.25
All Time Low / High (₹) 3.05 / 236.65
Market Cap (₹ Cr.) 4,453
Equity (₹ Cr.) 61.8
Face Value (₹) 1
Industry PE 22.7

Management X-Ray of Electrost Castings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *12.4712.4712.4711.4411.4411.4411.4411.4411.4411.44
* Pledged shares as % of Promoter's holding (%)

Valuation of Electrost Castings - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Electrost Castings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,0161,7942,0212,3912,4803,0765,0156,9166,9386,746
Operating Expenses 1,7511,5171,7972,0442,1262,6934,3866,2205,8125,740
Manufacturing Costs3012892943233995278229781,1121,064
Material Costs9758019381,1001,1451,4592,5083,9643,5593,444
Employee Cost 176184182152172235326358393436
Other Costs 300243383469410471729920748796
Operating Profit 2652762243473543836296961,1261,006
Operating Profit Margin (%) 13.1%15.4%11.1%14.5%14.3%12.4%12.5%10.1%16.2%14.9%
Other Income 41978164176987123119110
Interest 169201202225195202185272202142
Depreciation 656459555379113114114127
Exceptional Items 000-790000000
Profit Before Tax 7210844-659124172419433930847
Tax 1631-3-2325419398194135
Profit After Tax 567747-63699131326335736712
PAT Margin (%) 2.8%4.3%2.3%-26.6%4.0%4.3%6.5%4.8%10.6%10.6%
Adjusted EPS (₹)1.62.21.3-15.72.33.05.55.611.911.5
Dividend Payout Ratio (%)32%23%23%0%13%8%15%16%12%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 2,8072,8652,8922,3792,5493,6213,9874,2454,9925,637
Share Capital 36363641434359596262
Reserves 2,7712,8292,8562,3392,5053,5773,9284,1864,9305,575
Minority Interest0000000000
Debt1,8991,7181,2861,4681,3051,6972,5122,2751,8921,592
Long Term Debt1,1411,127846835701791838706399191
Short Term Debt7585914406346049061,6741,5691,4931,401
Trade Payables261205279276332401562512491465
Others Liabilities 8619881,1438497991,0171,1441,0601,2131,466
Total Liabilities 5,8285,7755,6004,9734,9856,7358,2058,0928,5889,160

Fixed Assets

Gross Block1,7781,7631,7801,8031,9063,1123,3043,3633,6143,853
Accumulated Depreciation64123177224273555616718795907
Net Fixed Assets 1,7141,6401,6031,5791,6332,5572,6882,6452,8192,947
CWIP 1,2781,2101,2021,2371,1651,3281,2081,3021,2281,249
Investments 1,1491,1471,147542540266520225268251
Inventories3514394085636149651,8411,6941,7381,884
Trade Receivables7014845596016387291,0421,3101,5621,712
Cash Equivalents 10033320313263451457382343148
Others Assets 535523478321332438449535629970
Total Assets 5,8285,7755,6004,9734,9856,7358,2058,0928,5889,160

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 510445424-43238472-325398678428
PBT 7210844-659124172419433930847
Adjustment 2241911671,013273233232324253192
Changes in Working Capital 224174224-383-154107-867-243-286-405
Tax Paid -10-28-11-15-5-40-109-116-219-206
Cash Flow From Investing Activity 9177-5937-16159-306207-9-128
Capex -21113-19-53-54-115-182-177-233-268
Net Investments 96-60-66621560-191269-288-246
Others 162426282321466115512387
Cash Flow From Financing Activity -595-343-561-5-256-537631-556-648-412
Net Proceeds from Shares 0001405000000
Net Proceeds from Borrowing -31060-169-51-56-13661-182-366-118
Interest Paid -220-212-2010-208-208-169-242-194-148
Dividend Paid -22-17-20-2920-13-27-48-84-56
Others -43-174-170198-42-180767-84-3-90
Net Cash Flow 6179-195-12-3494-14821-112

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.342.731.63-24.1244.258.568.1315.9413.4
ROCE (%)5.186.415.32-10.267.897.799.9110.5216.5113.69
Asset Turnover Ratio0.360.320.360.450.50.520.670.850.830.76
PAT to CFO Conversion(x)9.115.789.02N/A2.43.6-11.190.920.6
Working Capital Days
Receivable Days1161189489918164627689
Inventory Days777976748794102939098
Payable Days831017660677364434549

Electrosteel Castings Ltd Stock News

Electrosteel Castings Ltd FAQs

The current trading price of Electrost Castings on 05-Dec-2025 15:23 is ₹69.07.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Electrost Castings stood at ₹4,453.4.
The latest P/E ratio of Electrost Castings as of 04-Dec-2025 is 8.73.
The latest P/B ratio of Electrost Castings as of 04-Dec-2025 is 0.78.
The 52-week high of Electrost Castings is ₹171.2 and the 52-week low is ₹71.88.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Electrost Castings is ₹5,813 ( Cr.) .

About Electrosteel Castings Ltd

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 Africa.

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 India and one of the few manufacturer in the world of ductile iron (“DI”) spun pipes. These pipes have application in transmission of water, gas and industrial effluent, fire- fighting system and many more.

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, Delhi, MP, Gujarat, Kerala and Karnataka.

Milestones

  • 1994: Set up 60000 TPA Ductile Iron Pipe Plant at Khardah near Kolkata, the first ever in India
  • 1995: Accredited with ISO 9002 from Indian Register Quality System an Accredited body of Raad Voor de Certificate of Netherlands for our ductile Iron pipes.
  • 1996: The Company obtained Kitemark license from British Standard Institute (BSI) for its Dl pipes as per ISO 2531, BS EN 545, BS EN 598.The Company commissioned its own mini-blast furnace with matching capacity for better quality control.
  • 1999: The Company received the ISO-9002 accreditation from BSI for Dl pipes and fittings.
  • 2000: The Company increased its capacity to 120,000 TPA for Dl pipes.The Company obtained Kitemark license from BSI, UK for Dl fittings made at its facilities in Elavur, Chennai as per ISO 2531, BS EN 545, and BS EN 598.
  • 2001: The Company scaled its Dl pipe capacity from 120,000 TPA to 150,000 TPA. Mini Blast Furnace capacity increased from 1,09,000 TPA to 2,00,000 TPA.
  • 2002: The Company acquired 46% stake in Lanco Industries Limited in March 2002, which is involved in manufacturing of DI Pipes, Pig Iron, Cement and Castings.
  • 2003: The Company increased its Dl pipe manufacturing capacity from 1,50,000 TPA to 200,000 TPA.   The Company also received BSI Kitemark license for Dl Fittings at Khardah works, West Bengal.
  • 2005: The Company raised USD 40 Million through the issue of Global Depository Receipts (GDRs) in October  2005 and become the first Indian Company to be listed on Professional Securities Market (PSM) of the London Stock Exchange (LSE) in addition to being the first Company to issue GDRs on the PSM.  The Company was accorded Three Star Export House by the JDGFT, Ministry of Commerce and Industry of the Government of India.
  • 2006: The Company increased its Dl pipe manufacturing capacity from 2,00,000 TPA to 2,50,000 TPA and commissioned Coke Oven Plant at Haldia. The Company commissioned 12 MW Power Plant & 30,000 TPA second Kiln Sponge Iron Plant at  Haldia. Mini Blast Furnace capacity increased from 2,00,000 TPA to 2,35,000 TPA. The Company successfully commissioned Pulverized Coal Injection System in Blast Furnace and Stamp. Charging System in Coke Oven Plant at Haldia, which enhanced operational efficiency. We have been allotted an Iron ore mine at Kodolibad, Jharkhand and a non coking coal mine in joint venture at North Dhadhu.
  • 2007: Implemented SAP ERP system hosted in state of the art 1000 square feet Data center connecting all manufacturing plants and sales offices across Indian Geography supporting 350 user base to enable supply chain of the Company.
  • 2008: Tied up US$ 77.50 mn through ECB, commissioned 360,000 TPA sinter plant at Khardah and commissioned a 75,000 TPA coke oven battery at Haldia.
  • 2009: Commissioned fourth coke oven battery resulting in additional capacity of 70,000 TPA of coke, taking the total capacity enhanced to 280,000 TPA and 250,000 TPA respectively

 


 

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