Electrosteel Castings Ltd
ELECTCASTElectrosteel Castings Ltd
ELECTCAST
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 10.74 | 1.83 | 0.92% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 50.42 | 7.24 | 0.54% |
Forecast & Ratings
Detailed Forecast from 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Electrosteel Castings Limited is engaged in the business of manufacturing ductile iron (DI) pipes, and fittings and cast iron (CI) pipes. The Company provides techno-economic solutions for water supply and sewerage systems.
Investor Presentation
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Compare with peersAstral Ltd
APL Apollo Tubes Ltd
Ratnamani Metals and Tubes Ltd
Jindal SAW Ltd
Finolex Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 2,233.34 | 2,179.61 | 2,344.23 | 2,783.59 | 2,744.25 | 3,526.95 | 5,343.73 | 7,360.43 | 7,580.25 | 7,815.67 | ||||||||||
Raw Materials | 980.74 | 887.90 | 1,028.51 | 1,257.55 | 1,275.04 | 1,529.19 | 2,865.03 | 4,145.99 | 3,648.75 | 6,374.39 | ||||||||||
| Power & Fuel Cost | 153.00 | 148.26 | 151.81 | 165.53 | 169.68 | 202.44 | 299.24 | 334.64 | 383.44 | |||||||||||
| Employee Cost | 229.09 | 237.48 | 230.18 | 208.62 | 226.61 | 297.06 | 397.69 | 430.41 | 477.33 | |||||||||||
| Selling & Administrative Expenses | 184.17 | 90.96 | 274.00 | 291.71 | 312.15 | 386.89 | 702.14 | 868.45 | 708.56 | |||||||||||
| Operating & Other expenses | 386.32 | 426.34 | 322.52 | 592.56 | 361.55 | 869.02 | 325.99 | 758.45 | 1,081.52 | |||||||||||
EBITDA | 300.02 | 388.67 | 337.21 | 267.62 | 399.22 | 242.35 | 753.64 | 822.49 | 1,280.65 | 1,441.28 | ||||||||||
| Depreciation/Amortization | 67.25 | 66.90 | 62.40 | 58.51 | 57.15 | 89.99 | 114.68 | 121.20 | 124.52 | 131.78 | ||||||||||
| PBIT | 232.77 | 321.77 | 274.81 | 209.11 | 342.07 | 152.36 | 638.96 | 701.29 | 1,156.13 | 1,309.50 | ||||||||||
| Interest & Other Items | 180.33 | 210.35 | 210.28 | 234.65 | 227.58 | 208.36 | 194.68 | 285.89 | 218.83 | 186.18 | ||||||||||
| PBT | 52.44 | 111.42 | 64.53 | -25.54 | 114.49 | -56.00 | 444.28 | 415.40 | 937.30 | 1,123.32 | ||||||||||
| Taxes & Other Items | 79.85 | -32.68 | -59.51 | -63.71 | -46.57 | 35.18 | 97.01 | 99.60 | 197.41 | 251.78 | ||||||||||
| Net Income | -27.41 | 144.10 | 124.04 | 38.17 | 161.06 | -91.18 | 347.27 | 315.80 | 739.89 | 871.54 | ||||||||||
| EPS | -0.77 | 4.04 | 3.47 | 1.00 | 3.84 | -2.11 | 6.76 | 5.31 | 12.20 | 14.10 | ||||||||||
| DPS | 0.50 | 0.50 | 0.30 | 0.00 | 0.30 | 0.25 | 0.80 | 0.90 | 1.40 | 1.40 | ||||||||||
| Payout ratio | — | 0.12 | 0.09 | 0.00 | 0.08 | — | 0.12 | 0.17 | 0.11 | 0.10 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
IndustrialsBuilding Products - Pipes
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Electrosteel Castings Ltd | 12.65 | 1.83 | 0.92% |
| Astral Ltd | 88.66 | 14.81 | 0.21% |
| APL Apollo Tubes Ltd | 59.80 | 12.15 | 0.35% |
| Ratnamani Metals and Tubes Ltd | 37.91 | 7.34 | 0.42% |
Price Comparison
Compare ELECTCAST with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.42%
Shareholding Pattern
Feb 2024
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.54%
Top 5 Mutual Funds holding Electrosteel Castings Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Motilal Oswal Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4560% | Percentage of the fund’s portfolio invested in the stock 1.31% | Change in the portfolio weight of the stock over the last 3 months -0.57% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 41/49 (-8) |
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1332% | Percentage of the fund’s portfolio invested in the stock 0.68% | Change in the portfolio weight of the stock over the last 3 months -0.24% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 44/309 (+2) |
Samco Multi Cap Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0193% | Percentage of the fund’s portfolio invested in the stock 0.50% | Change in the portfolio weight of the stock over the last 3 months 0.50% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 92/102 (-34) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.92%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹9.25 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 16, 2024
Dividend/Share
₹0.90
Ex DateEx Date
Aug 16, 2024
Cash Dividend
Ex DateEx DateFeb 21, 2024
Dividend/Share
₹0.50
Ex DateEx Date
Feb 21, 2024
Cash Dividend
Ex DateEx DateSep 4, 2023
Dividend/Share
₹0.90
Ex DateEx Date
Sep 4, 2023
Cash Dividend
Ex DateEx DateSep 8, 2022
Dividend/Share
₹0.80
Ex DateEx Date
Sep 8, 2022
Cash Dividend
Ex DateEx DateAug 26, 2021
Dividend/Share
₹0.25
Ex DateEx Date
Aug 26, 2021
Rolex Rings Ltd, IFCI Ltd, Aarti Industries Ltd and SignatureGlobal India Ltd are among the other losers in the BSE's 'A' group today, 08 November 2024.Electrosteel Castings Ltd lost 8.58% to Rs 152.85 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.05 lakh shares were traded on the counter so far as against the average daily volumes of 1.51 lakh shares in the past one month.Rolex Rings Ltd crashed 7.99% to Rs 2043.8. The stock was the second biggest loser in 'A' group.On the BSE, 4727 shares were traded on the counter so far as against the average daily volumes of 920 shares in the past one month.IFCI Ltd tumbled 7.67% to Rs 61.76. The stock was the third biggest loser in 'A' group.On the BSE, 16.73 lakh shares were traded on the counter so far as against the average daily volumes of 9.66 lakh shares in the past one month.Aarti Industries Ltd dropped 7.44% to Rs 476.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.64 lakh shares were traded on the counter so far as against the average daily volumes of 93594 shares in the past one month.SignatureGlobal India Ltd fell 7.14% to Rs 1283.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 44688 shares were traded on the counter so far as against the average daily volumes of 17917 shares in the past one month.Powered by Capital Market - Live
Net profit of Electrosteel Castings declined 11.11% to Rs 155.17 crore in the quarter ended September 2024 as against Rs 174.57 crore during the previous quarter ended September 2023. Sales declined 4.77% to Rs 1827.80 crore in the quarter ended September 2024 as against Rs 1919.34 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1827.801919.34 -5 OPM %14.6415.65 - PBDT248.56261.27 -5 PBT212.47230.83 -8 NP155.17174.57 -11 Powered by Capital Market - Live
Electrosteel Castings will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live
Electrosteel Castings has acquired 27,65,000 equity shares of S$. 1/- each of Singardo International for a consideration of Rs 41.50 crore. Consequently, Singardo will become a wholly owned subsidiary of the Company. Singardo operates in Water, Gas and Telecom sector and trade in Electrosteel Brand DI Pipes and fittings, European origin Gas Valves, PE Pipes for Gas, etc. The Company is looking forward for market expansion in South East Asia, Far East and ASEAN Regions for DI Pipes and Fittings. It is also interested in global sourcing and trading of products used in the Water Industry, Gas Industry, Infrastructure projects, etc., by utilising existing sales networks globally through its subsidiary companies. Powered by Capital Market - Live
Electrosteel Castings has received credit ratings from India Ratings and Research as under: Long term loan (Rs 640.4 crore) - IND AA/ Stable (upgraded) Fund based working limits (Rs 1350 crore) - IND AA/ Stable/ IND A1+ (upgraded long term and affirmed short term) Fund based working capital limits (Rs 350 crore) - IND AA/ Stable/ IND A1+ (assigned) Non fund based working capital limits (Rs 1900 crore) - IND A1+ (affirmed) Commercial paper (Rs 100 crore) - IND A1+ (affirmed) Powered by Capital Market - Live
Electrosteel Castings will carry out a planned Shutdown of its MBF production facility and all other units at Srikalahasthi Unit tentatively from 19 August 2024 for a period of approximately 7 days for maintenance work.Powered by Capital Market - Live
Electrosteel Castings announced that the Annual General Meeting (AGM) of the company will be held on 23 August 2024.Powered by Capital Market - Live
Electrosteel Castings consolidated net profit rises 201.80% in the June 2024 quarter
Net profit of Electrosteel Castings rose 201.80% to Rs 225.93 crore in the quarter ended June 2024 as against Rs 74.86 crore during the previous quarter ended June 2023. Sales rose 19.40% to Rs 2011.90 crore in the quarter ended June 2024 as against Rs 1685.04 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2011.901685.04 19 OPM %17.579.52 - PBDT336.38130.41 158 PBT304.54100.17 204 NP225.9374.86 202 Powered by Capital Market - Live
Stock Alert: GAIL, Tata Consumer Products, Torrent Power, Macrotech Developers, Indus Towers, Zaggle Prepaid
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 22.18%, vs industry avg of 13.98%
Increasing Market Share
Over the last 5 years, market share increased from 5.65% to 8.2%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 80.92%, vs industry avg of 21.77%