Electrosteel Castings Ltd

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

Electrosteel Castings Ltd

₹ 101 1.63%
21 Feb - 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

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 ₹ 6,265 Cr.
  • Current Price ₹ 101
  • High / Low ₹ 237 / 93.8
  • Stock P/E 8.15
  • Book Value ₹ 88.0
  • Dividend Yield 1.38 %
  • ROCE 16.2 %
  • ROE 15.9 %
  • 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 32.8% CAGR over last 5 years

Cons

  • Company has a low return on equity of 11.0% 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 Nifty Microcap 250 Nifty Total Market BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,438 1,577 1,767 1,784 1,852 1,872 1,685 1,919 1,869 2,004 2,012 1,828 1,777
1,249 1,360 1,564 1,630 1,664 1,680 1,525 1,619 1,463 1,693 1,658 1,560 1,522
Operating Profit 190 217 203 154 187 193 160 300 406 311 354 268 255
OPM % 13% 14% 12% 9% 10% 10% 10% 16% 22% 16% 18% 15% 14%
12 9 16 17 15 36 27 18 23 34 24 21 39
Interest 45 53 62 69 77 77 57 57 53 52 41 40 45
Depreciation 27 31 30 30 30 31 30 30 30 34 32 36 37
Profit before tax 130 143 127 72 95 121 100 231 346 260 305 212 213
Tax % 26% 21% 25% 26% 18% 26% 25% 24% 24% 13% 26% 27% 25%
97 113 95 53 79 89 75 175 263 227 226 155 160
EPS in Rs 2.23 1.90 1.60 0.89 1.32 1.50 1.26 2.94 4.43 3.67 3.65 2.51 2.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,214 2,459 2,402 2,204 2,079 2,263 2,699 2,711 3,474 5,281 7,276 7,478 7,621
2,016 2,161 2,091 1,911 1,791 2,006 2,295 2,320 3,038 4,586 6,530 6,274 6,433
Operating Profit 198 299 311 293 288 257 404 391 436 695 746 1,204 1,187
OPM % 9% 12% 13% 13% 14% 11% 15% 14% 13% 13% 10% 16% 16%
95 28 59 7 100 80 -137 8 -194 59 77 76 119
Interest 126 150 157 180 210 210 235 228 208 195 286 219 178
Depreciation 56 56 71 67 67 62 59 57 90 115 121 125 139
Profit before tax 112 120 144 52 111 65 -26 114 -56 444 415 937 990
Tax % 21% 32% 19% 32% 30% -2% -70% 25% 72% 22% 24% 21%
-23 -15 -116 -27 144 124 39 161 -91 348 316 740 769
EPS in Rs -0.73 -0.46 -3.25 -0.77 4.04 3.47 0.94 3.72 -2.11 5.84 5.31 11.97 12.42
Dividend Payout % -68% -140% -20% -65% 12% 9% 0% 8% -12% 14% 17% 12%
Compounded Sales Growth
10 Years: 12%
5 Years: 23%
3 Years: 29%
TTM: 4%
Compounded Profit Growth
10 Years: 44%
5 Years: 33%
3 Years: 97%
TTM: 28%
Stock Price CAGR
10 Years: 19%
5 Years: 47%
3 Years: 45%
1 Year: -43%
Return on Equity
10 Years: 6%
5 Years: 9%
3 Years: 11%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,193 2,168 2,034 2,455 2,349 2,443 2,595 2,837 3,667 4,044 4,323 5,051 5,375
2,430 2,571 2,572 2,185 2,057 1,697 1,761 1,736 2,138 2,967 2,667 2,332 1,924
431 683 575 1,032 1,078 1,225 1,025 977 1,305 1,554 1,469 1,663 1,790
Total Liabilities 5,087 5,456 5,218 5,708 5,519 5,401 5,421 5,593 7,152 8,624 8,519 9,108 9,151
1,148 1,182 1,154 1,780 1,707 1,678 1,633 1,703 2,633 2,763 2,731 2,928 2,913
CWIP 993 1,218 1,286 1,278 1,210 1,202 1,237 1,166 1,337 1,208 1,302 1,229 1,313
Investments 982 839 766 786 590 637 684 747 202 457 161 204 143
1,965 2,217 2,012 1,863 2,013 1,884 1,868 1,977 2,980 4,196 4,324 4,747 4,783
Total Assets 5,087 5,456 5,218 5,708 5,519 5,401 5,421 5,593 7,152 8,624 8,519 9,108 9,151

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
216 109 443 533 421 450 -46 225 444 -279 452 806
-279 -177 -216 71 72 -69 33 -20 129 -329 168 -37
260 -88 -236 -592 -332 -574 -5 -220 -419 609 -604 -720
Net Cash Flow 197 -155 -8 12 162 -193 -18 -16 154 1 17 49

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 99 85 78 89 81 85 82 83 81 65 53 67
Inventory Days 206 232 212 225 249 219 228 278 279 331 208 221
Days Payable 58 119 90 121 109 121 94 120 102 93 54 53
Cash Conversion Cycle 247 197 200 192 220 182 217 242 258 303 207 234
Working Capital Days 157 124 127 154 153 97 130 131 167 176 139 146
ROCE % 5% 6% 6% 5% 6% 6% 9% 8% 8% 10% 10% 16%

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.

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