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Electrosteel Castings Ltd

ELECTCAST

Electrosteel Castings Ltd

ELECTCAST
IndustrialsBuilding Products - Pipes
SmallcapWith a market cap of ₹13,516 cr, stock is ranked 454
High RiskStock is 3.94x as volatile as Nifty
218.651.27% (+2.74)
218.651.27% (+2.74)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsBuilding Products - Pipes
SmallcapWith a market cap of ₹13,516 cr, stock is ranked 454
High RiskStock is 3.94x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

IndustrialsBuilding Products - Pipes
SmallcapWith a market cap of ₹13,516 cr, stock is ranked 454
High RiskStock is 3.94x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
15.172.640.64%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.947.220.45%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 22.18%, vs industry avg of 13.98%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 5.65% to 8.21%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 80.92%, vs industry avg of 21.77%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,233.342,179.612,344.232,783.592,744.253,526.955,343.737,360.437,580.257,904.24
Raw Materialssubtract980.74887.901,028.511,257.551,275.041,529.192,865.034,145.993,648.756,433.24
Power & Fuel Costsubtract153.00148.26151.81165.53169.68202.44299.24334.64383.44
Employee Costsubtract229.09237.48230.18208.62226.61297.06397.69430.41477.33
Selling & Administrative Expensessubtract184.1790.96274.00291.71312.15386.89702.14868.45708.56
Operating & Other expensessubtract386.32426.34322.52592.56361.55869.02325.99758.451,081.52
Depreciation/Amortizationsubtract67.2566.9062.4058.5157.1589.99114.68121.20124.52126.13
Interest & Other Itemssubtract180.33210.35210.28234.65227.58208.36194.68285.89218.83203.20
Taxes & Other Itemssubtract79.85-32.68-59.51-63.71-46.5735.1897.0199.60197.41250.74
EPS-0.774.043.471.003.84-2.116.765.3112.2014.41
DPS0.500.500.300.000.300.250.800.901.401.40
Payout ratio0.120.090.000.080.120.170.110.10

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 12PDF
FY 2023

Annual report

PDF

Investor Presentation

Feb 17PDF
Nov 14PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsBuilding Products - Pipes

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Electrosteel Castings Ltd18.272.640.64%
Astral Ltd93.2815.590.20%
APL Apollo Tubes Ltd54.4611.07
Ratnamani Metals and Tubes Ltd41.858.100.38%

Price Comparison

Compare ELECTCAST with any stock or ETF
Compare ELECTCAST with any stock or ETF
ELECTCAST
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Shareholdings

Promoter Holdings Trend

Increased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has increased by 2.13%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 1.46%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding46.21%0.41%0.04%21.16%32.19%

Jan 2024

Feb 2024

Mar 2024

Jun 2024

Shareholding History

SepDec '23JanFebMarJun15.33%18.18%17.49%17.49%19.70%21.16%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Motilal Oswal Small Cap Fund - Growth - Direct Plan

Growth
0.3323%1.88%0.13%33/41 (-1)
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan

Growth
0.1016%0.91%0.10%18/252 (+6)
Motilal Oswal Quant Fund - Growth - Direct Plan

Growth
0.0022%0.96%0.96%96/138 (+13)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

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

Final
Final | Div/Share: ₹0.90

Dividend/Share

0.90

Ex DateEx Date

Aug 16, 2024

Cash Dividend

Ex DateEx DateFeb 21, 2024

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Feb 21, 2024

Cash Dividend

Ex DateEx DateSep 4, 2023

Final
Final | Div/Share: ₹0.90

Dividend/Share

0.90

Ex DateEx Date

Sep 4, 2023

Cash Dividend

Ex DateEx DateSep 8, 2022

Final
Final | Div/Share: ₹0.80

Dividend/Share

0.80

Ex DateEx Date

Sep 8, 2022

Cash Dividend

Ex DateEx DateAug 26, 2021

Final
Final | Div/Share: ₹0.25

Dividend/Share

0.25

Ex DateEx Date

Aug 26, 2021

News & Opinions
Corporate
Electrosteel Castings receives credit ratings from India Ratings and Research

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

2 weeks agoCapital Market - Live
Corporate
Electrosteel Castings announces planned shutdown of Srikalahasthi unit

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

1 month agoCapital Market - Live
Corporate
Electrosteel Castings to convene AGM

Electrosteel Castings announced that the Annual General Meeting (AGM) of the company will be held on 23 August 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live

Electrosteel Castings consolidated net profit rises 201.80% in the June 2024 quarter

1 month agoBusiness Standard
Earnings
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

1 month agoCapital Market - Live

Stock Alert: GAIL, Tata Consumer Products, Torrent Power, Macrotech Developers, Indus Towers, Zaggle Prepaid

1 month agoBusiness Standard
Corporate
Electrosteel Castings schedules board meeting

Electrosteel Castings will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live

Jupiter Wagons Ltd leads losers in ‘A’ group

2 months agoBusiness Standard

Norges Bank Invests Rs 284 Crore In Five Companies

6 months agoBloomberg Quint

Broker’s Call: Electrosteel Castings (Buy)

1 year agoThe Hindu Businessline