Electrosteel Castings Ltd
ELECTCASTElectrosteel Castings Ltd
ELECTCAST
Price Chart
Scorecard
Performance
HighThe creamy layer - amongst the top performing stocks
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
AvgThe stock has a moderate number of red flags
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 15.17 | 2.64 | 0.64% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 51.94 | 7.22 | 0.45% |
Forecast & Ratings
Detailed Forecast from 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Electrosteel Castings Limited is engaged in the business of manufacturing ductile iron (DI) pipes, and fittings and cast iron (CI) pipes. The Company provides techno-economic solutions for water supply and sewerage systems.
Peers
Compare with peersAstral Ltd
APL Apollo Tubes Ltd
Ratnamani Metals and Tubes Ltd
Jindal SAW Ltd
Finolex Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 2,233.34 | 2,179.61 | 2,344.23 | 2,783.59 | 2,744.25 | 3,526.95 | 5,343.73 | 7,360.43 | 7,580.25 | 7,904.24 | ||||||||||
Raw Materials | 980.74 | 887.90 | 1,028.51 | 1,257.55 | 1,275.04 | 1,529.19 | 2,865.03 | 4,145.99 | 3,648.75 | 6,433.24 | ||||||||||
| Power & Fuel Cost | 153.00 | 148.26 | 151.81 | 165.53 | 169.68 | 202.44 | 299.24 | 334.64 | 383.44 | |||||||||||
| Employee Cost | 229.09 | 237.48 | 230.18 | 208.62 | 226.61 | 297.06 | 397.69 | 430.41 | 477.33 | |||||||||||
| Selling & Administrative Expenses | 184.17 | 90.96 | 274.00 | 291.71 | 312.15 | 386.89 | 702.14 | 868.45 | 708.56 | |||||||||||
| Operating & Other expenses | 386.32 | 426.34 | 322.52 | 592.56 | 361.55 | 869.02 | 325.99 | 758.45 | 1,081.52 | |||||||||||
EBITDA | 300.02 | 388.67 | 337.21 | 267.62 | 399.22 | 242.35 | 753.64 | 822.49 | 1,280.65 | 1,471.00 | ||||||||||
| Depreciation/Amortization | 67.25 | 66.90 | 62.40 | 58.51 | 57.15 | 89.99 | 114.68 | 121.20 | 124.52 | 126.13 | ||||||||||
| PBIT | 232.77 | 321.77 | 274.81 | 209.11 | 342.07 | 152.36 | 638.96 | 701.29 | 1,156.13 | 1,344.87 | ||||||||||
| Interest & Other Items | 180.33 | 210.35 | 210.28 | 234.65 | 227.58 | 208.36 | 194.68 | 285.89 | 218.83 | 203.20 | ||||||||||
| PBT | 52.44 | 111.42 | 64.53 | -25.54 | 114.49 | -56.00 | 444.28 | 415.40 | 937.30 | 1,141.67 | ||||||||||
| Taxes & Other Items | 79.85 | -32.68 | -59.51 | -63.71 | -46.57 | 35.18 | 97.01 | 99.60 | 197.41 | 250.74 | ||||||||||
| Net Income | -27.41 | 144.10 | 124.04 | 38.17 | 161.06 | -91.18 | 347.27 | 315.80 | 739.89 | 890.93 | ||||||||||
| EPS | -0.77 | 4.04 | 3.47 | 1.00 | 3.84 | -2.11 | 6.76 | 5.31 | 12.20 | 14.41 | ||||||||||
| DPS | 0.50 | 0.50 | 0.30 | 0.00 | 0.30 | 0.25 | 0.80 | 0.90 | 1.40 | 1.40 | ||||||||||
| Payout ratio | — | 0.12 | 0.09 | 0.00 | 0.08 | — | 0.12 | 0.17 | 0.11 | 0.10 |
Company Updates
Peers & Comparison
IndustrialsBuilding Products - Pipes
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Electrosteel Castings Ltd | 18.27 | 2.64 | 0.64% |
| Astral Ltd | 93.28 | 15.59 | 0.20% |
| APL Apollo Tubes Ltd | 54.46 | 11.07 | — |
| Ratnamani Metals and Tubes Ltd | 41.85 | 8.10 | 0.38% |
Price Comparison
Compare ELECTCAST with any stock or ETFShareholdings
Promoter Holdings Trend
Increased Total Promoter Holding
In last 6 months, promoter holding in the company has increased by 2.13%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.46%
Shareholding Pattern
Jan 2024
Feb 2024
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Electrosteel Castings Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Motilal Oswal Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3323% | Percentage of the fund’s portfolio invested in the stock 1.88% | Change in the portfolio weight of the stock over the last 3 months 0.13% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 33/41 (-1) |
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1016% | Percentage of the fund’s portfolio invested in the stock 0.91% | Change in the portfolio weight of the stock over the last 3 months 0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 18/252 (+6) |
Motilal Oswal Quant Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0022% | Percentage of the fund’s portfolio invested in the stock 0.96% | Change in the portfolio weight of the stock over the last 3 months 0.96% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 96/138 (+13) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.64%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹6.40 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 16, 2024
Dividend/Share
₹0.90
Ex DateEx Date
Aug 16, 2024
Cash Dividend
Ex DateEx DateFeb 21, 2024
Dividend/Share
₹0.50
Ex DateEx Date
Feb 21, 2024
Cash Dividend
Ex DateEx DateSep 4, 2023
Dividend/Share
₹0.90
Ex DateEx Date
Sep 4, 2023
Cash Dividend
Ex DateEx DateSep 8, 2022
Dividend/Share
₹0.80
Ex DateEx Date
Sep 8, 2022
Cash Dividend
Ex DateEx DateAug 26, 2021
Dividend/Share
₹0.25
Ex DateEx Date
Aug 26, 2021
Electrosteel Castings has received credit ratings from India Ratings and Research as under: Long term loan (Rs 640.4 crore) - IND AA/ Stable (upgraded) Fund based working limits (Rs 1350 crore) - IND AA/ Stable/ IND A1+ (upgraded long term and affirmed short term) Fund based working capital limits (Rs 350 crore) - IND AA/ Stable/ IND A1+ (assigned) Non fund based working capital limits (Rs 1900 crore) - IND A1+ (affirmed) Commercial paper (Rs 100 crore) - IND A1+ (affirmed) Powered by Capital Market - Live
Electrosteel Castings will carry out a planned Shutdown of its MBF production facility and all other units at Srikalahasthi Unit tentatively from 19 August 2024 for a period of approximately 7 days for maintenance work.Powered by Capital Market - Live
Electrosteel Castings announced that the Annual General Meeting (AGM) of the company will be held on 23 August 2024.Powered by Capital Market - Live
Electrosteel Castings consolidated net profit rises 201.80% in the June 2024 quarter
Net profit of Electrosteel Castings rose 201.80% to Rs 225.93 crore in the quarter ended June 2024 as against Rs 74.86 crore during the previous quarter ended June 2023. Sales rose 19.40% to Rs 2011.90 crore in the quarter ended June 2024 as against Rs 1685.04 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2011.901685.04 19 OPM %17.579.52 - PBDT336.38130.41 158 PBT304.54100.17 204 NP225.9374.86 202 Powered by Capital Market - Live
Stock Alert: GAIL, Tata Consumer Products, Torrent Power, Macrotech Developers, Indus Towers, Zaggle Prepaid
Electrosteel Castings will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live
Jupiter Wagons Ltd leads losers in ‘A’ group
Norges Bank Invests Rs 284 Crore In Five Companies
Broker’s Call: Electrosteel Castings (Buy)
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 22.18%, vs industry avg of 13.98%
Increasing Market Share
Over the last 5 years, market share increased from 5.65% to 8.21%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 80.92%, vs industry avg of 21.77%