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Electrosteel Castings Limited

Electrosteel Castings Limited

NSE: ELECTCAST
Building Products & EquipmentIndustrialsSMALL CAPMCap ₹4.74k Cr
₹76.70₹0.38 (+0.50%)

Market Closed • NSE

Market cap₹4.74k Cr
Enterprise value₹5.42k Cr
P/E TTM39.13
Forward P/E17.84
P/B0.80
EPS TTM₹1.96
Forward EPS₹4.30
D/E0.26
Dividend yield0.01%
52W high₹99.00
52W low₹60.15
Price chart(1Y)
1Y Return:+6.72% (+₹4.83)
H: ₹87.78L: ₹69.52
1W+0.83%
1M+3.55%
3M+5.17%
6M-2.86%
1Y-20.25%
Today at a glance

Day range

₹75.94₹78.39

52 week range

₹60.15₹99.00
Volume1.42M0.32x 20D avg
Free float50.00%-68.20% volume

Electrosteel Castings Limited closed at INR76.70 (+0.5%) on volume 0.32x its 20-day average, trading 22.53% below its 52-week high.

Technical analysis
RSI (14)51.8Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹3.21High
SMA 20₹75.15BULLISH
SMA 50₹76.15BULLISH
SMA 100₹75.78BULLISH
SMA 200₹76.07BULLISH
CPR bottom₹77.25
Pivot₹76.94
CPR top₹76.63
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +202.4% QoQ

2026-08-14

DIVIDEND Announced

Dividend - Re 0.90 Per Share

2025-08-14

DIVIDEND Announced

Dividend - Rs 1.40 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.56k Cr₹4.74k Cr32.92%≤ 33%PASS
Non-halal income ratio–₹5.92k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹9.17k Cr₹9.46k Cr96.89%≥ 20%PASS
Receivables ratio–₹9.46k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E39.1328.10
Forward P/E17.84—
P/B0.803.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield2.603.60
Growth & profitability
RevenuePAT
FY24PAT margin 9.90%
FY25PAT margin 9.70%
FY26PAT margin 2.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-6.80%
Revenue CAGR 5Y-4.50%
PAT CAGR 3Y-39.00%
PAT CAGR 5Y-26.20%
Operating margin3.97%
Net margin2.09%
Financial health & cash flow
Net debt₹1.27k CrModerate
Interest coverage1.30xEBIT / interest
CFO / PAT1.87x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹1.15k Cr
Capital expenditure–
Free cash flow₹1.02k Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall60/100
Valuation50/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.26x

High Cash Flow Conversion: CFO/PAT averaged 1.87x over last 3 years

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Bull case

Market Leadership: Established operational scale in Building Products & Equipment.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
14 Aug 2026Dividend₹0.90 / share—14 Aug 2026
15 Aug 2025Dividend₹1.40 / share—14 Aug 2025
—Dividend₹0.90 / share—16 Aug 2024
21 Feb 2024Dividend₹0.50 / share—21 Feb 2024
—Dividend₹0.90 / share—04 Sept 2023
—Dividend₹0.80 / share—08 Sept 2022
—Dividend₹0.25 / share—26 Aug 2021
—Dividend₹0.30 / share—07 Sept 2020
—Dividend₹0.30 / share—06 Sept 2018
—Dividend₹0.50 / share—07 Sept 2017
—Dividend₹0.50 / share—01 Sept 2016
—Dividend₹0.65 / share—03 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)45.03%-11.87% latest vs average
Highest delivery59.88%on 24 Sept
Average volume (20D)4.48MTrading-session average
Conviction trendWeakening-11.87% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Electrosteel Castings Limited
Electrosteel Castings Limited

Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, ductile iron fittings (DIF) and accessories, and cast iron (CI) pipes in India and internationally. The company offers ductile iron pipes and fittings which are used in various applications, including raw and clear water transmission, distribution network of potable water, water supply for industrial/process plants, ash-slurry handling and disposal systems, on-shore and off-shore fire-fighting systems, desalination plants, sewerage and waste water force mains, gravity sewerage collection and disposal systems, storm water drainage piping, domestic and industrial disposal systems, recycling systems, piping work in water and sewage treatment plants, vertical connection to utilities and reservoirs, piling for ground stabilization, trenchless application, and protective piping under carriageways; ductile iron flange pipes used for temporary, over-ground and exposed installations, vertical pipelines, interconnection and connection for accessories, and as a restrained joint application; and ductile iron restrained joint pipes. It also provides cast iron pipes, metallurgical coke, sinter, sponge iron, ferro silicon, pig iron, low ash metallurgical coke, and silico manganese ferro alloy. In addition, the company offers cement under the brand name of SPL GOLD. The company was formerly known as Dalmia Iron and Steel Ltd. Electrosteel Castings Limited was incorporated in 1955 and is based in Kolkata, India.

IndiaIndustrials

Questions investors ask
Is Electrosteel Castings Limited Shariah compliant?

Electrosteel Castings Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (32.92%) complies with AAOIFI threshold (≤ 33%).

What is Electrosteel Castings Limited's current valuation relative to peers?

Electrosteel Castings Limited trades at a P/E of 39.1x compared to the sector median of 28.1x, and a Price-to-Book of 0.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.26x. Interest coverage is 1.3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -4.5% while net profit growth averaged -26.2%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.