Industrial Products
Balance Sheet: Strong Balance Sheet.
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 29.5% return compared to 12.2% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock price has a strong positive momentum. Stock is up 5.8% in last 30 days.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -15.1% in past one year. In past three years, revenues have changed by 0.2%.
Smart Money: Smart money looks to be reducing their stake in the stock.
Valuation | |
|---|---|
| Market Cap | 4.73 kCr |
| Price/Earnings (Trailing) | 9.55 |
| Price/Sales (Trailing) | 0.71 |
| EV/EBITDA | 7.62 |
| Price/Free Cashflow | 28.84 |
| MarketCap/EBT | 8.35 |
| Enterprise Value | 6.69 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 6.63 kCr |
| Rev. Growth (Yr) | -19.4% |
| Earnings (TTM) | 495.84 Cr |
| Earnings Growth (Yr) | -49.6% |
Profitability | |
|---|---|
| Operating Margin | 9% |
| EBT Margin | 9% |
| Return on Equity | 8.41% |
| Return on Assets | 5% |
| Free Cashflow Yield | 3.47% |
Growth & Returns | |
|---|---|
| Price Change 1W | 2.9% |
| Price Change 1M | 5.8% |
| Price Change 6M | -42.5% |
| Price Change 1Y | -45.2% |
| 3Y Cumulative Return | 29.5% |
| 5Y Cumulative Return | 29.5% |
| 7Y Cumulative Return | 20.2% |
| 10Y Cumulative Return | 14.1% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -141.9 Cr |
| Cash Flow from Operations (TTM) | 480.45 Cr |
| Cash Flow from Financing (TTM) | -454.4 Cr |
| Cash & Equivalents | 212.15 Cr |
| Free Cash Flow (TTM) | 202.79 Cr |
| Free Cash Flow/Share (TTM) | 3.28 |
Balance Sheet | |
|---|---|
| Total Assets | 9.91 kCr |
| Total Liabilities | 4.02 kCr |
| Shareholder Equity | 5.9 kCr |
| Current Assets | 5.15 kCr |
| Current Liabilities | 3.18 kCr |
| Net PPE | 3.12 kCr |
| Inventory | 2.73 kCr |
| Goodwill | 10.17 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.22 |
| Debt/Equity | 0.37 |
| Interest Coverage | 2.69 |
| Interest/Cashflow Ops | 4.08 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.4 |
| Dividend Yield | 1.83% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 4% |
Summary of Electrosteel Castings's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
Management provided a positive outlook for Electrosteel Castings Limited, emphasizing strong industry demand and the company's strategic position to benefit from governmental initiatives in water infrastructure, particularly the Jal Jeevan Mission (JJM). The JJM has been allocated Rs. 67,000 crores for FY'25-26 and extended to FY'28, aiming to provide safe drinking water to rural households.
Key forward-looking points include:
Overall, management remains optimistic about recovery in demand and the company's ability to capitalize on upcoming opportunities in water infrastructure projects.
Last updated:
1. Question: "Sir, what capacity do we have, and can the same plant make different sizes and different diameters of pipes?" Answer: Our expanded capacity allows a flexibility of 10% to 15% between different pipe sizes. Therefore, we can adjust our production based on market requirements.
2. Question: "How do you see OPVC affecting DI pipes?" Answer: In the short to mid-term, OPVC won't significantly impact demand, as existing projects are set to use DI pipes. Over the long term, while OPVC usage is growing in markets like North America, DI pipes will retain demand for larger applications.
3. Question: "Have you received cash from JJM projects recently?" Answer: We have seen ongoing movements despite some central halts. Cash flow may not mirror previous levels, but work continues in states with strong financial resources such as Odisha and MP.
4. Question: "What has been the price volatility for coking coal and iron ore in the last three months?" Answer: Coking coal prices have remained stable, fluctuating around $20. Iron ore has seen a slight rise of about Rs. 200 to Rs. 300 per ton, but overall prices have steadied.
5. Question: "What's your view on the ongoing shrinkage of JJM allocation?" Answer: The requirement for JJM is substantial. While certain struggling states may delay progress, better-funded ones should continue receiving support. I remain confident that the initiative will progress toward completion.
6. Question: "How has our capacity utilization been affected?" Answer: Current utilization sits around 60% due to shutdowns. However, I anticipate a ramp-up of 10% to 15% each quarter as we return to full operations and market demand improves.
7. Question: "What's your expectation for EBITDA margins moving forward?" Answer: We aim to maintain EBITDA margins between 15% and 18%. Current market conditions have weighed on margins, but as demand increases, we anticipate a rebound in pricing and margin restoration.
8. Question: "What's the expected production increase from recent shut-downs?" Answer: We experienced a loss of about 50,000 tons due to shutdowns. Going forward, with our improved capacity, we anticipate recovering that lost production and achieving an output of 8.3 to 8.5 lakh tons in FY'26.
9. Question: "Are there any planned further shutdowns?" Answer: We don't foresee any additional shutdowns shortly, as recent maintenance was essential and strategically timed to coincide with lower market demand.
10. Question: "What's your perspective on the settlement of coal mine compensation?" Answer: I am hopeful for a resolution this financial year as interactions with authorities have increased. While I can't provide specific amounts, we expect to recover a significant portion of our claims.
Understand Electrosteel Castings ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| G. K. & SONS PRIVATE LTD | 8.19% |
| ELECTROCAST SALES INDIA LIMITED | 6.65% |
| MURARI INVESTMENT & TRADING COMPANY LTD. | 6.38% |
| BELGRAVE INVESTMENT FUND | 6.14% |
| ASHA KEJRIWAL/MAYANK KEJRIWAL-TRUSTEE OF SREEJI FAMILY BENEFIT TRUST | 5.67% |
| G.K.INVESTMENTS LTD. | 4.82% |
| UTTAM COMMERCIAL COMPANY LTD. | 4.18% |
| INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGY | 3.4% |
| SREE KHEMISATI CONSTRUCTIONS PVT. LTD | 2.34% |
| RESONANCE OPPORTUNITIES FUND | 2% |
| MANGALAM EQUITY MANAGEMENT PVT. LTD. | 1.64% |
| MAYANK KEJRIWAL | 1.63% |
| MALAY COMMERCIAL ENTERPRISES LTD. | 0.83% |
| TULSI HIGHRISE PRIVATE LIMITED | 0.71% |
| SRI GOPAL INVESTMENTS VENTURES LTD. | 0.61% |
| UDDHAV KEJRIWAL | 0.61% |
| WILCOX MERCHANTS PRIVATE LIMITED | 0.51% |
| ASHA KEJRIWAL | 0.29% |
| QUINLINE DEALCOMM PRIVATE LIMITED | 0.26% |
| ELLENBARRIE DEVELOPERS PRIVATE LIMITED | 0.21% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Electrosteel Castings against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| WELCORP | Welspun Corp | 21.37 kCr | 15.62 kCr | -4.50% | +2.40% | 9.85 | 1.37 | - | - |
| RATNAMANI | Ratnamani Metals & Tubes | 16.22 kCr | 5.46 kCr | 0.00% | -29.40% | 26.84 | 2.97 | - | - |
| JINDALSAW | Jindal Saw | 10.68 kCr | 18.73 kCr | +3.10% | -44.90% | 7.74 | 0.57 | - | - |
| MAHSEAMLES | Maharashtra Seamless | 7.39 kCr | 5.41 kCr | -3.50% | -22.50% | 9.42 | 1.37 | - | - |
Comprehensive comparison against sector averages
ELECTCAST metrics compared to Industrial
| Category | ELECTCAST | Industrial |
|---|---|---|
| PE | 9.63 | 20.99 |
| PS | 0.72 | 1.54 |
| Growth | -15.1 % | 6 % |
Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, ductile iron fittings (DIF) and accessories, and cast iron (CI) pipes in India and internationally. It offers ductile iron pipes and fittings which are used in various applications, including raw and clear water transmission, distribution network of potable water, water supply for industrial/process plants, ash-slurry handling and disposal systems, on-shore and off-shore fire-fighting systems, desalination plants, sewerage and waste water force mains, gravity sewerage collection and disposal systems, storm water drainage piping, domestic and industrial disposal systems, recycling systems, piping work in water and sewage treatment plants, vertical connection to utilities and reservoirs, piling for ground stabilization, and protective piping under carriage-ways; ductile iron flange pipes used for temporary, over-ground and exposed installations, vertical pipelines, interconnection and connection for accessories, and as a restrained joint applications; and ductile iron restrained joint pipes. The company also provides metallurgical coke, sinter, sponge iron, ferro silicon, pig iron, and silico manganese ferro alloy. Further, it offers cement under the brand name of SPL GOLD. The company was formerly known as Dalmia Iron and Steel Ltd. Electrosteel Castings Limited was incorporated in 1955 and is based in Kolkata, India.
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ELECTCAST vs Industrial (2021 - 2025)