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Electrost Castings

₹170.2 -1.6 | 0.9%

Market Cap ₹10518 Cr.

Stock P/E 16.8

P/B 2.1

Current Price ₹170.2

Book Value ₹ 79.8

Face Value 1

52W High ₹208

Dividend Yield 0.53%

52W Low ₹ 42.9

Electrost Castings Research see more...

Overview Inc. Year: 1955Industry: Castings/Forgings

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 enterprise’s DI pipes are used in various applications, which includes raw and clear water transmission; distribution community of potable water; water deliver for industrial/system plant life; ash-slurry handling and disposal structures; on-shore and off-shore firefighting systems; desalination plants; sewerage and waste water force mains; gravity sewerage collection and disposal systems; storm water drainage piping; domestic and commercial disposal structures; recycling systems; piping work in water and sewage remedy plants; vertical connection to utilities and reservoirs; piling for ground stabilization; and defensive piping underneath carriage-approaches. It also gives metallurgical coke, sponge iron, and silico manganese ferro alloy, in addition to produces and sells electricity. The organisation was previously referred to as Dalmia Iron and Steel Ltd. Electrosteel Castings Ltd incorporated in 1955 and is headquartered in Kolkata, India.

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Electrost Castings Share Price

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Electrost Castings Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 1168 1438 1577 1767 1784 1852 1872 1685 1919 1869
Other Income 19 12 9 16 17 15 36 27 18 23
Total Income 1187 1451 1586 1783 1801 1867 1909 1712 1938 1892
Total Expenditure 1038 1249 1360 1564 1630 1665 1680 1525 1619 1463
Operating Profit 149 202 226 220 171 203 229 187 319 429
Interest 37 45 53 62 69 77 77 57 57 53
Depreciation 29 27 31 30 30 30 31 30 30 30
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 83 130 143 127 72 95 121 100 231 346
Provision for Tax 17 33 30 32 19 17 32 25 56 83
Profit After Tax 66 97 113 95 53 79 89 75 175 263
Adjustments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 66 97 113 95 53 78 89 75 175 263
Adjusted Earnings Per Share 1.1 1.6 1.9 1.6 0.9 1.3 1.5 1.3 2.9 4.4

Electrost Castings Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 2214 2459 2402 2204 2079 2263 2699 2711 3474 5281 7276 7345
Other Income 95 29 62 29 106 86 57 33 60 63 111 104
Total Income 2310 2488 2464 2233 2185 2349 2756 2744 3534 5344 7387 7451
Total Expenditure 2016 2162 2093 1933 1797 2012 2305 2345 3044 4590 6564 6287
Operating Profit 294 326 371 300 389 337 452 399 489 754 822 1164
Interest 126 150 157 180 210 210 235 228 211 195 286 244
Depreciation 56 56 71 67 67 62 59 57 90 115 121 121
Exceptional Income / Expenses 0 0 0 0 0 0 -184 0 -244 0 0 0
Profit Before Tax 112 120 144 52 111 65 -26 114 -56 444 415 798
Provision for Tax 24 38 27 17 34 -1 -18 28 40 97 99 196
Profit After Tax 89 82 116 36 78 66 -8 86 -96 348 316 602
Adjustments -112 -97 -232 -63 66 58 46 75 5 -0 -0 0
Profit After Adjustments -24 -16 -116 -27 144 124 38 161 -91 347 316 602
Adjusted Earnings Per Share -0.7 -0.5 -3.3 -0.8 4 3.5 0.9 3.7 -2.1 5.8 5.3 10.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 38% 39% 26% 13%
Operating Profit CAGR 9% 27% 20% 11%
PAT CAGR -9% 54% 37% 14%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 289% 72% 56% 22%
ROE Average 7% 4% 3% 4%
ROCE Average 10% 8% 7% 7%

Electrost Castings Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 2226 2202 2070 2491 2385 2479 2636 2880 3726 4103 4383
Minority's Interest 9 10 0 0 0 0 1 1 2 1 1
Borrowings 1218 1553 1297 1152 1135 849 838 703 802 877 737
Other Non-Current Liabilities 55 54 44 464 552 512 474 392 546 514 456
Total Current Liabilities 1580 1637 1807 1600 1447 1561 1473 1617 2076 3129 2942
Total Liabilities 5087 5456 5218 5708 5519 5401 5421 5593 7152 8624 8519
Fixed Assets 1148 1182 1154 1780 1707 1678 1633 1703 2633 2763 2731
Other Non-Current Assets 1959 2292 2072 2117 1854 1902 1972 1987 1486 1369 1474
Total Current Assets 1981 1982 1992 1811 1958 1821 1817 1903 3034 4491 4314
Total Assets 5087 5456 5218 5708 5519 5401 5421 5593 7152 8624 8519

Electrost Castings Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 81 278 123 113 125 286 93 75 59 213 214
Cash Flow from Operating Activities 216 109 443 533 421 450 -46 225 444 -279 452
Cash Flow from Investing Activities -279 -176 -216 71 72 -69 33 -20 112 -329 168
Cash Flow from Financing Activities 260 -88 -236 -592 -332 -574 -5 -220 -419 609 -604
Net Cash Inflow / Outflow 197 -155 -8 12 162 -193 -18 -16 136 1 17
Closing Cash & Cash Equivalent 278 123 114 125 286 93 75 59 213 214 230

Electrost Castings Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -0.73 -0.46 -3.25 -0.77 4.04 3.47 0.94 3.72 -2.11 5.84 5.31
CEPS(Rs) 4.42 4.01 5.24 2.88 4.05 3.59 1.26 3.31 -0.14 7.77 7.36
DPS(Rs) 0.5 0.65 0.65 0.5 0.5 0.3 0 0.3 0.25 0.8 0.9
Book NAV/Share(Rs) 50.57 47.53 42.85 69.77 66.81 69.44 65 66.52 85.69 69.01 73.29
Core EBITDA Margin(%) 8.75 11.86 12.59 12.29 13.35 11.09 14.62 13.5 12.37 13.08 9.78
EBIT Margin(%) 10.51 10.77 12.24 10.56 15.19 12.11 7.75 12.62 4.46 12.1 9.64
Pre Tax Margin(%) 4.96 4.77 5.85 2.38 5.26 2.84 -0.95 4.22 -1.61 8.41 5.71
PAT Margin (%) 3.92 3.25 4.74 1.61 3.67 2.89 -0.28 3.18 -2.77 6.58 4.35
Cash Profit Margin (%) 6.38 5.5 7.62 4.66 6.83 5.64 1.89 5.29 -0.18 8.75 6.01
ROA(%) 1.88 1.55 2.18 0.65 1.38 1.2 -0.14 1.57 -1.51 4.41 3.69
ROE(%) 5.29 4.96 7.35 1.77 3.18 2.7 -0.29 3.13 -2.92 8.9 7.48
ROCE(%) 6.26 6.52 7.23 5.3 7.06 6.38 4.88 7.61 2.98 9.94 9.99
Receivable days 94.93 85.25 80.88 87.33 85.95 79.14 76.65 82.58 72.84 59.12 50.13
Inventory Days 116.97 102.87 107.81 106.09 105.31 99.73 92.23 111.16 111.67 120.07 113.25
Payable days 73.86 87.08 102.27 104.22 113.46 92.93 68.26 78.47 77.41 73.03 49.62
PER(x) 0 0 0 0 8.56 7.02 21.24 2.46 0 6.76 6.05
Price/Book(x) 0.31 0.34 0.44 0.27 0.52 0.35 0.31 0.14 0.29 0.57 0.44
Dividend Yield(%) 3.23 3.97 3.42 2.65 1.45 1.23 0 3.27 1 2.03 2.8
EV/Net Sales(x) 1.17 1.17 1.25 1.23 1.41 1.03 0.9 0.74 0.77 0.9 0.57
EV/Core EBITDA(x) 8.83 8.78 8.11 9.06 7.55 6.94 5.36 5.05 5.45 6.32 5.02
Net Sales Growth(%) 5.34 11.07 -2.33 -8.23 -5.68 8.85 19.28 0.43 28.15 52 37.77
EBIT Growth(%) 94.48 13.55 11.13 -22.43 38.24 -14.6 -23.91 63.59 -54.67 312.04 9.75
PAT Growth(%) 210.59 -8.02 42.67 -69.46 118.61 -15.48 -111.49 1244.38 -211.51 461.19 -9.02
EPS Growth(%) 11.45 36.62 -601.81 76.38 625.46 -13.92 -72.91 295.17 -156.62 377.27 -9.06
Debt/Equity(x) 1.47 1.57 1.68 0.88 0.86 0.68 0.67 0.6 0.56 0.71 0.6
Current Ratio(x) 1.25 1.21 1.1 1.13 1.35 1.17 1.23 1.18 1.46 1.44 1.47
Quick Ratio(x) 0.85 0.76 0.73 0.77 0.92 0.78 0.72 0.62 0.87 0.72 0.7
Interest Cover(x) 1.89 1.79 1.92 1.29 1.53 1.31 0.89 1.5 0.73 3.28 2.45
Total Debt/Mcap(x) 4.8 4.56 3.79 3.24 1.67 1.95 2.17 4.33 1.94 1.25 1.38

Electrost Castings Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 55.29 44.08 44.08 44.08 44.08 44.08 44.08 44.08 44.08 46.21
FII 11.34 16.36 16.69 15.23 15.13 14.69 14.93 15.33 18.18 19.7
DII 2.65 2.47 2.34 2.23 2.22 2 1.93 1.12 0.67 0.61
Public 30.72 37.1 36.89 38.47 38.57 39.22 39.07 39.47 37.07 33.48
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 36% CAGR over last 5 years
  • Debtor days have improved from 73.03 to 49.62days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 46.21%.
  • Company has a low return on equity of 4% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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