Electrosteel Castings Ltd

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Electrosteel Castings Ltd

₹ 98.2 -2.45%
28 Mar - close price
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

Business Profile[1]
Electrosteel Castings Limited manufactures and sells Ductile Iron (DI) pipes, fittings, and related products, catering to water infrastructure projects in India and international markets.

Website BSE NSE
  • Market Cap ₹ 6,073 Cr.
  • Current Price ₹ 98.2
  • High / Low ₹ 237 / 88.6
  • Stock P/E 8.21
  • Book Value ₹ 85.6
  • Dividend Yield 1.43 %
  • ROCE 16.8 %
  • ROE 16.3 %
  • Face Value ₹ 1.00
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    Pros

    • Company has reduced debt.
    • Stock is trading at 1.15 times its book value
    • 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 Industrials Nifty Microcap 250 Nifty Total Market BSE Allcap BSE SmallCap

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      Quarterly Results

      Standalone Figures in Rs. Crores / View Consolidated

      Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
      1,390 1,555 1,729 1,698 1,728 1,762 1,495 1,870 1,797 1,776 1,832 1,692 1,656
      1,209 1,352 1,525 1,549 1,567 1,552 1,345 1,558 1,402 1,493 1,498 1,443 1,393
      Operating Profit 181 204 203 149 161 209 150 313 395 283 334 249 264
      OPM % 13% 13% 12% 9% 9% 12% 10% 17% 22% 16% 18% 15% 16%
      17 29 22 28 23 24 35 18 18 35 19 20 16
      Interest 43 51 60 67 73 72 51 55 50 46 37 35 40
      Depreciation 29 29 29 29 29 28 28 29 28 30 30 31 33
      Profit before tax 125 153 137 81 82 133 105 248 335 243 287 204 207
      Tax % 24% 20% 24% 21% 20% 24% 22% 26% 25% 10% 26% 25% 24%
      95 123 104 64 65 101 81 184 252 219 212 152 157
      EPS in Rs 2.20 2.06 1.75 1.08 1.10 1.70 1.37 3.10 4.24 3.54 3.43 2.46 2.54
      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 6,957
      1,744 1,881 1,875 1,730 1,552 1,796 2,041 2,123 2,686 4,374 6,185 5,772 5,826
      Operating Profit 190 306 278 286 242 225 350 357 389 641 731 1,166 1,130
      OPM % 10% 14% 13% 14% 13% 11% 15% 14% 13% 13% 11% 17% 16%
      95 19 31 20 132 80 -729 40 60 76 88 80 91
      Interest 111 136 145 169 201 202 225 220 199 185 272 202 157
      Depreciation 53 53 67 65 64 59 55 53 79 113 114 114 124
      Profit before tax 121 136 96 72 108 44 -659 124 172 419 433 930 940
      Tax % 20% 26% 25% 22% 29% -8% -4% 20% 24% 22% 23% 21%
      97 101 73 56 77 47 -636 99 131 326 335 736 740
      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 11.97
      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: 0%
      Compounded Profit Growth
      10 Years: 23%
      5 Years: 38%
      3 Years: 79%
      TTM: 20%
      Stock Price CAGR
      10 Years: 18%
      5 Years: 61%
      3 Years: 33%
      1 Year: -45%
      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 4,211 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 1,366 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

      Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
      44.08% 44.08% 44.08% 44.08% 44.08% 44.08% 44.08% 44.08% 46.22% 46.22% 46.22% 46.22%
      16.36% 16.69% 15.23% 15.13% 14.69% 14.93% 15.33% 18.18% 19.70% 21.16% 19.73% 19.91%
      2.22% 2.10% 1.98% 1.98% 1.76% 1.68% 0.88% 0.43% 0.36% 0.44% 1.98% 0.62%
      0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.23% 0.23% 0.23% 0.23%
      37.10% 36.89% 38.47% 38.58% 39.22% 39.06% 39.47% 37.07% 33.47% 31.95% 31.84% 33.03%
      No. of Shareholders 90,80590,96896,74198,76197,35092,9551,04,9701,08,3151,21,6151,33,8611,53,2431,67,935

      * 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.

      Click on the line-items to see the names of individual entities.

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