WEBSITE BSE:500128 NSE : ELEC.CASTING 10 May, 16:01
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
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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#(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 |
#(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 |
# | 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% |
#(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 |
#(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 |
# | 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 |
# | 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 |
# | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 23.94 | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 | 28.57 |
FII | 4.91 | 9.73 | 9.92 | 9.05 | 9 | 8.74 | 8.88 | 9.11 | 10.81 | 12.18 |
DII | 1.15 | 1.47 | 1.39 | 1.33 | 1.32 | 1.19 | 1.15 | 0.67 | 0.4 | 0.37 |
Public | 13.3 | 22.06 | 21.93 | 22.87 | 22.94 | 23.32 | 23.23 | 23.47 | 22.04 | 20.7 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 43.3 | 59.46 | 59.46 | 59.46 | 59.46 | 59.46 | 59.46 | 59.46 | 59.46 | 61.82 |
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