Electrosteel Castings Limited

NSE: ELECTCAST · Iron & Steel Products

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52W Range₹60 – ₹96

Snapshot

Unlock Electrosteel Castings Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Electrosteel Castings Limited is a prominent manufacturer of ductile iron (DI) pipes, fittings, and accessories used extensively in water transmission, sewerage, and industrial infrastructure. The company also produces a range of metallurgical products including coke, sponge iron, and ferro alloys.

Business Model

The company generates revenue through the manufacturing and sale of specialized piping solutions and industrial metallurgical products to domestic and international markets. Its business model relies on large-scale infrastructure projects, including water supply, desalination, and waste management systems.

  • Incorporation Year:1955

Growth Outlook

Growth is primarily driven by increasing government investment in water infrastructure, sanitation, and urban development projects. The company's diverse product portfolio allows it to capture demand across both municipal water supply and industrial process piping sectors.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the costs of iron ore, coal, and other metallurgical inputs can significantly impact profit margins.
  • Project Execution Risk. The company's performance is heavily dependent on the timely execution and funding of large-scale government infrastructure projects.
  • Cyclicality of Steel Industry. As a player in the iron and steel sector, the company is susceptible to global economic cycles and shifts in industrial demand.
  • Regulatory and Environmental Compliance. Stringent environmental regulations regarding manufacturing emissions and waste disposal may increase operational costs.

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Key Metrics

REVENUE

₹5,786 Cr

TTM · consolidated

-15.7%YoY

NET PROFIT

₹121 Cr

TTM · consolidated

-78.9%YoY

EPS

₹1.96

TTM · consolidated

-78.8%YoY

RETURN ON EQUITY

2.1%

TTM · consolidated

-7.8 ppYoY

RETURN ON CAPITAL EMPLOYED

4.3%

TTM · consolidated

-7.7 ppYoY

P/E

38.0×

Q1 FY27 · consolidated

38.0 vs 14.9x5Y avg

EV/EBITDA

11.3x

Q1 FY27 · consolidated

11.3 vs 8.2x5Y avg

EBITDA MARGIN

8.9%

TTM · consolidated

-5.4 ppYoY

NET PROFIT MARGIN

3.4%

Q1 FY27 · consolidated

-2.3 ppYoY

DEBT TO EQUITY

0.3x

Q1 FY27 · consolidated

-0.10xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Electrosteel Castings LimitedELECTCAST
₹4,588 Cr38.0×11.28-15.7%8.9%2.1%4.3%-21.3%
Bansal Wire Industries Ltd.BANSALWIRE
₹4,946 Cr35.5×17.9720.9%7.0%10.5%15.7%-4.2%
Surya Roshni LimitedSURYAROSNI
₹4,671 Cr15.4×8.1011.7%7.3%12.2%16.8%-23.1%
Sambhv Steel Tubes LimitedSAMBHV
₹4,662 Cr28.8×16.04—12.0%21.3%23.6%+43.0%
Venus Pipes & Tubes LimitedVENUSPIPES
₹4,631 Cr43.8×23.6421.7%17.2%17.3%26.8%+69.0%
Kalyani Steels LimitedKSL
₹4,358 Cr15.1×11.11-4.9%22.9%12.6%16.6%+18.5%

As of Q1 FY27

Financials