Electrosteel Castings Ltd

Electrost.Cast. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Electrosteel Castings Ltd

₹ 147 1.81%
22 Nov 11:20 a.m.
electrosteel.com BSE: 500128 NSE: ELECTCAST
About

Electrosteel Castings is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF), Cast Iron (CI) Pipes and produces and supplies Pig Iron. [1][2]

Key Points

Product Portfolio[1]
Ductile Iron Pipes, Ductile Iron Fittings, Ductile Iron Flange Pipes and Restrained Joint Pipes. Additionally, ECL manufactures Cast Iron Pipes, Metallurgical Coke, Sponge Iron, Cement, Ferro Silicon, Pig Iron and Power.

Website BSE NSE
  • Market Cap ₹ 9,063 Cr.
  • Current Price ₹ 147
  • High / Low ₹ 237 / 106
  • Stock P/E 10.8
  • Book Value ₹ 85.6
  • Dividend Yield 0.95 %
  • ROCE 16.9 %
  • ROE 16.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 38.4% CAGR over last 5 years

Cons

  • Company has a low return on equity of 11.3% over last 3 years.
  • Promoter holding has decreased over last 3 years: -9.07%

* 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.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

Part of BSE Allcap BSE Industrials BSE SmallCap Nifty Total Market Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,066 1,390 1,555 1,729 1,698 1,728 1,762 1,495 1,870 1,797 1,776 1,832 1,692
950 1,209 1,352 1,525 1,549 1,567 1,552 1,345 1,558 1,402 1,493 1,498 1,443
Operating Profit 115 181 204 203 149 161 209 150 313 395 283 334 249
OPM % 11% 13% 13% 12% 9% 9% 12% 10% 17% 22% 16% 18% 15%
21 17 29 22 28 23 24 35 18 18 35 19 20
Interest 38 43 51 60 67 73 72 51 55 50 46 37 35
Depreciation 28 29 29 29 29 29 28 28 29 28 30 30 31
Profit before tax 70 125 153 137 81 82 133 105 248 335 243 287 204
Tax % 23% 24% 20% 24% 21% 20% 24% 22% 26% 25% 10% 26% 25%
54 95 123 104 64 65 101 81 184 252 219 212 152
EPS in Rs 1.26 2.20 2.06 1.75 1.08 1.10 1.70 1.37 3.10 4.24 3.54 3.43 2.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,935 2,187 2,154 2,016 1,794 2,021 2,391 2,480 3,076 5,015 6,916 6,938 7,097
1,744 1,881 1,875 1,730 1,552 1,796 2,041 2,123 2,686 4,374 6,185 5,772 5,836
Operating Profit 190 306 278 286 242 225 350 357 389 641 731 1,166 1,262
OPM % 10% 14% 13% 14% 13% 11% 15% 14% 13% 13% 11% 17% 18%
95 19 31 20 132 80 -729 40 60 76 88 80 93
Interest 111 136 145 169 201 202 225 220 199 185 272 202 167
Depreciation 53 53 67 65 64 59 55 53 79 113 114 114 119
Profit before tax 121 136 96 72 108 44 -659 124 172 419 433 930 1,068
Tax % 20% 26% 25% 22% 29% -8% -4% 20% 24% 22% 23% 21%
97 101 73 56 77 47 -636 99 131 326 335 736 835
EPS in Rs 2.98 2.92 2.04 1.57 2.16 1.32 -15.68 2.28 3.02 5.48 5.63 11.91 13.67
Dividend Payout % 17% 22% 32% 32% 23% 23% 0% 13% 8% 15% 16% 12%
Compounded Sales Growth
10 Years: 12%
5 Years: 24%
3 Years: 31%
TTM: 4%
Compounded Profit Growth
10 Years: 23%
5 Years: 38%
3 Years: 79%
TTM: 93%
Stock Price CAGR
10 Years: 22%
5 Years: 67%
3 Years: 62%
1 Year: 33%
Return on Equity
10 Years: 6%
5 Years: 9%
3 Years: 11%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 33 34 36 36 36 36 41 43 43 59 59 62 62
Reserves 2,322 2,413 2,469 2,771 2,829 2,856 2,339 2,505 3,577 3,928 4,186 4,930 5,229
2,264 2,389 2,464 2,066 1,917 1,564 1,619 1,538 1,888 2,729 2,456 2,035 1,618
368 571 493 954 993 1,144 975 898 1,227 1,489 1,391 1,562 1,666
Total Liabilities 4,986 5,408 5,462 5,828 5,775 5,600 4,973 4,985 6,735 8,205 8,092 8,588 8,575
1,094 1,095 1,109 1,714 1,640 1,603 1,579 1,633 2,557 2,688 2,645 2,819 2,804
CWIP 986 1,211 1,278 1,278 1,210 1,202 1,237 1,165 1,328 1,208 1,302 1,228 1,312
Investments 1,143 1,100 1,266 1,149 1,147 1,147 542 540 266 520 225 268 206
1,763 2,003 1,809 1,686 1,779 1,648 1,617 1,646 2,584 3,790 3,920 4,273 4,253
Total Assets 4,986 5,408 5,462 5,828 5,775 5,600 4,973 4,985 6,735 8,205 8,092 8,588 8,575

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
152 57 395 510 445 424 -43 238 472 -325 398 681
-271 -145 -248 91 77 -59 37 -16 196 -306 207 -9
303 -80 -152 -595 -343 -561 -5 -256 -537 631 -556 -650
Net Cash Flow 184 -168 -5 6 179 -195 -11 -34 131 -1 48 21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 124 103 98 127 98 101 92 94 87 76 69 82
Inventory Days 161 185 160 137 200 159 187 196 241 268 156 178
Days Payable 51 101 72 102 94 108 92 106 100 82 47 50
Cash Conversion Cycle 233 187 187 162 205 151 187 184 228 262 178 210
Working Capital Days 157 128 128 158 153 85 119 112 158 165 133 143
ROCE % 5% 6% 5% 5% 6% 5% 8% 9% 8% 10% 11% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.29% 44.08% 44.08% 44.08% 44.08% 44.08% 44.08% 44.08% 44.08% 46.22% 46.22% 46.22%
11.34% 16.36% 16.69% 15.23% 15.13% 14.69% 14.93% 15.33% 18.18% 19.70% 21.16% 19.73%
2.65% 2.22% 2.10% 1.98% 1.98% 1.76% 1.68% 0.88% 0.43% 0.36% 0.44% 1.98%
0.00% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.23% 0.23% 0.23%
30.72% 37.10% 36.89% 38.47% 38.58% 39.22% 39.06% 39.47% 37.07% 33.47% 31.95% 31.84%
No. of Shareholders 56,00690,80590,96896,74198,76197,35092,9551,04,9701,08,3151,21,6151,33,8611,53,243

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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