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Electrost Castings Overview

Electrosteel Castings Ltd manufactures and substances ductile iron (DI) pipes, DI fittings and accessories, and cast iron (CI) pipes in India and internationally. It offers DI pipes, which include DI socket and spigot pipes with push-on joints, and DI flanged pipes; and DI fittings, such as various socketted DI fittings with push-on joints, numerous flanged DI fittings, DI fittings with push-on type restrained joints, DI mechanical joint fittings with rubber gaskets and follower glands, and fabricated and custom made DI fittings. The business e...Read More

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Electrost Castings Key Financials

Market Cap ₹4902 Cr.

Stock P/E 6.9

P/B 0.8

Current Price ₹79.3

Book Value ₹ 95

Face Value 1

52W High ₹138.7

Dividend Yield 1.77%

52W Low ₹ 60.1

Electrost Castings Share Price

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Volume
Price

Electrost Castings Quarterly Price

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Electrost Castings Peer Comparison

Electrost Castings Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1919 1869 2004 2012 1828 1780 1701 1558 1396 1472
Other Income 18 23 34 24 21 39 39 28 95 54
Total Income 1938 1892 2039 2036 1849 1819 1739 1586 1491 1526
Total Expenditure 1619 1463 1693 1658 1560 1525 1541 1387 1303 1438
Operating Profit 319 429 346 378 289 294 198 198 188 88
Interest 57 53 52 41 40 45 35 36 38 37
Depreciation 30 30 34 32 36 37 37 41 43 45
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -38
Profit Before Tax 231 346 260 305 212 213 126 121 107 -32
Provision for Tax 56 83 33 79 57 53 -42 32 29 -10
Profit After Tax 175 263 227 226 155 160 168 89 78 -22
Adjustments -0 -0 -0 -0 -0 -0 0 -0 -0 -0
Profit After Adjustments 175 263 227 226 155 160 168 89 78 -22
Adjusted Earnings Per Share 2.9 4.4 3.7 3.7 2.5 2.6 2.7 1.4 1.3 -0.4

Electrost Castings Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2402 2204 2079 2263 2699 2711 3474 5281 7276 7478 7320 6127
Other Income 62 29 106 86 57 33 60 63 111 116 139 216
Total Income 2464 2233 2185 2349 2756 2744 3534 5344 7387 7594 7459 6342
Total Expenditure 2093 1933 1797 2012 2305 2345 3044 4590 6564 6313 6300 5669
Operating Profit 371 300 389 337 452 399 489 754 822 1281 1159 672
Interest 157 180 210 210 235 228 211 195 286 219 161 146
Depreciation 71 67 67 62 59 57 90 115 121 125 142 166
Exceptional Income / Expenses 0 0 0 0 -184 0 -244 0 0 0 0 -38
Profit Before Tax 144 52 111 65 -26 114 -56 444 415 937 856 322
Provision for Tax 27 17 34 -1 -18 28 40 97 99 197 146 9
Profit After Tax 116 36 78 66 -8 86 -96 348 316 740 710 313
Adjustments -232 -63 66 58 46 75 5 -0 -0 -0 -0 0
Profit After Adjustments -116 -27 144 124 38 161 -91 347 316 740 710 313
Adjusted Earnings Per Share -3.3 -0.8 4 3.5 0.9 3.7 -2.1 5.8 5.3 12 11.5 5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -2% 11% 22% 12%
Operating Profit CAGR -10% 15% 24% 12%
PAT CAGR -4% 27% 53% 20%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -28% 30% 20% 16%
ROE Average 13% 12% 8% 5%
ROCE Average 13% 13% 10% 8%

Electrost Castings Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2070 2491 2385 2479 2636 2880 3726 4103 4383 5113 5782
Minority's Interest 0 0 0 0 1 1 2 1 1 2 1
Borrowings 1297 1152 1135 849 838 703 802 877 737 418 218
Other Non-Current Liabilities 44 464 552 512 474 392 546 514 456 677 915
Total Current Liabilities 1807 1600 1447 1561 1473 1617 2076 3129 2942 2899 2779
Total Liabilities 5218 5708 5519 5401 5421 5593 7152 8624 8519 9108 9695
Fixed Assets 1154 1780 1707 1678 1633 1703 2633 2763 2731 2928 3102
Other Non-Current Assets 2072 2117 1854 1902 1972 1987 1486 1369 1474 1604 1938
Total Current Assets 1992 1811 1958 1821 1817 1903 3034 4491 4314 4576 4655
Total Assets 5218 5708 5519 5401 5421 5593 7152 8624 8519 9108 9695

Electrost Castings Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 123 113 125 286 93 75 59 213 214 230 279
Cash Flow from Operating Activities 443 533 421 450 -46 225 444 -279 452 803 480
Cash Flow from Investing Activities -216 71 72 -69 33 -20 112 -329 168 -37 -142
Cash Flow from Financing Activities -236 -592 -332 -574 -5 -220 -419 609 -604 -718 -454
Net Cash Inflow / Outflow -8 12 162 -193 -18 -16 136 1 17 49 -116
Closing Cash & Cash Equivalent 114 125 286 93 75 59 213 214 230 279 167

Electrost Castings Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -3.25 -0.77 4.04 3.47 0.94 3.72 -2.11 5.84 5.31 11.97 11.48
CEPS(Rs) 5.24 2.88 4.05 3.59 1.26 3.31 -0.14 7.77 7.36 13.99 13.78
DPS(Rs) 0.65 0.5 0.5 0.3 0 0.3 0.25 0.8 0.9 1.4 1.4
Book NAV/Share(Rs) 42.85 69.77 66.81 69.44 65 66.52 85.69 69.01 73.29 82.71 93.53
Core EBITDA Margin(%) 12.59 12.29 13.35 11.09 14.62 13.5 12.37 13.08 9.78 15.58 13.93
EBIT Margin(%) 12.24 10.56 15.19 12.11 7.75 12.62 4.46 12.1 9.64 15.46 13.89
Pre Tax Margin(%) 5.85 2.38 5.26 2.84 -0.95 4.22 -1.61 8.41 5.71 12.53 11.7
PAT Margin (%) 4.74 1.61 3.67 2.89 -0.28 3.18 -2.77 6.58 4.35 9.9 9.7
Cash Profit Margin (%) 7.62 4.66 6.83 5.64 1.89 5.29 -0.18 8.75 6.01 11.56 11.64
ROA(%) 2.18 0.65 1.38 1.2 -0.14 1.57 -1.51 4.41 3.69 8.4 7.55
ROE(%) 7.35 1.77 3.18 2.7 -0.29 3.13 -2.92 8.9 7.48 15.63 13.03
ROCE(%) 7.23 5.3 7.06 6.38 4.88 7.61 2.98 9.94 9.99 16.07 13.36
Receivable days 80.88 87.33 85.95 79.14 76.65 82.58 72.84 59.12 50.13 59.1 71
Inventory Days 107.81 106.09 105.31 99.73 92.23 111.16 111.67 120.07 113.25 110.86 118.11
Payable days 102.27 104.22 113.46 92.93 68.26 78.47 77.41 73.03 49.62 49.17 54.42
PER(x) 0 0 8.56 7.02 21.24 2.46 0 6.76 6.05 14.9 8.56
Price/Book(x) 0.44 0.27 0.52 0.35 0.31 0.14 0.29 0.57 0.44 2.16 1.05
Dividend Yield(%) 3.42 2.65 1.45 1.23 0 3.27 1 2.03 2.8 0.79 1.42
EV/Net Sales(x) 1.25 1.23 1.41 1.03 0.9 0.74 0.77 0.9 0.57 1.72 1.08
EV/Core EBITDA(x) 8.11 9.06 7.55 6.94 5.36 5.05 5.45 6.32 5.02 10.07 6.84
Net Sales Growth(%) -2.33 -8.23 -5.68 8.85 19.28 0.43 28.15 52.01 37.77 2.78 -2.11
EBIT Growth(%) 11.13 -22.43 38.24 -14.6 -23.91 63.59 -54.67 312.04 9.75 64.86 -12.05
PAT Growth(%) 42.67 -69.46 118.61 -15.48 -111.49 1244.38 -211.51 461.19 -9.02 134.05 -4.11
EPS Growth(%) -601.81 76.38 625.46 -13.92 -72.91 295.17 -156.62 377.27 -9.06 125.35 -4.1
Debt/Equity(x) 1.68 0.88 0.86 0.68 0.67 0.6 0.56 0.71 0.6 0.44 0.36
Current Ratio(x) 1.1 1.13 1.35 1.17 1.23 1.18 1.46 1.44 1.47 1.58 1.68
Quick Ratio(x) 0.73 0.77 0.92 0.78 0.72 0.62 0.87 0.72 0.7 0.79 0.79
Interest Cover(x) 1.92 1.29 1.53 1.31 0.89 1.5 0.73 3.28 2.45 5.28 6.33
Total Debt/Mcap(x) 3.79 3.24 1.67 1.95 2.17 4.33 1.94 1.25 1.38 0.21 0.34

Electrost Castings Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 44.08 46.21 46.21 46.21 46.21 46.21 46.21 46.21 46.21 50.13
FII 18.18 19.7 21.16 19.73 19.91 20.06 20.27 19.25 19.39 15.73
DII 0.67 0.61 0.68 2.21 0.84 0.84 0.43 0.47 0.47 0.46
Public 37.07 33.48 31.95 31.84 33.04 32.88 33.09 34.06 33.93 33.68
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Electrost Castings News

Electrost Castings Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Company has delivered good profit growth of 52% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 49.17 to 54.42days.
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