MarketFriction

Electrosteel Castings Ltd

NSE ELECTCAST · BSE 500128 · Iron & Steel Products
₹74.54 +0.23%
NSE close2026-10-01
52 week range60.15 - 99.00
Market cap₹4,731 Cr.
P/E29.7
Microcap 250 Price band 20% Delivery 28.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,9191,8692,0042,0121,8281,7801,7011,5581,3961,4721,4931,426
Expenses1,6191,4631,6931,6581,5601,5251,5411,3871,3031,4381,4311,326
Operating Profit300406311354268255160170933462100
OPM %16%22%16%18%15%14%9%11%7%2.3%4.1%7%
Other Income182334242139392895163739
Interest575352414045353638373227
Depreciation303034323637374143454443
Profit before tax231346260305212213126121107-322369
Tax %24%24%13%26%27%25%-33%27%27%-31%29%30%
Net Profit1752632272261551601688978-221648
EPS in Rs2.944.433.673.652.512.592.721.441.27-0.350.260.78
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,2042,0792,2632,6992,7113,4745,2817,2767,4787,3205,9185,786
Expenses1,9111,7912,0062,2952,3203,0384,5866,5306,2746,2705,5595,497
Operating Profit2932882574043914366957461,2041,050359289
OPM %13%14%11%15%14%13%13%10%16%14%6%5.0%
Other Income710080-1378-194597776109176187
Interest180210210235228208195286219161144135
Depreciation676762595790115121125142173175
Profit before tax5211165-26114-56444415937856219166
Tax %32%30%-2%-70%25%72%22%24%21%17%26%
Net Profit-2714412439161-91348316740710161121
EPS in Rs-0.774.043.470.943.72-2.115.845.3111.9711.482.611.96
Dividend Payout %-65%12%9%0%8%-16%14%17%12%12%34%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%11%-7%-16%
Compounded Profit Growth29%-3%-18%-72%
Stock Price CAGR14%16%2%-17%
Return on Equity8%10%10%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital363636364143595959626262
Reserves2,0342,4552,3492,4432,5952,8373,6674,0444,3235,0515,7205,862
Borrowings2,5722,1852,0571,6971,7611,7362,1382,9672,6672,3352,1251,561
Other Liabilities5751,0321,0781,2251,0259771,2891,5541,4691,6611,7881,977
Total Liabilities5,2185,7085,5195,4015,4215,5937,1528,6248,5199,1089,6959,461
Fixed Assets1,1541,7801,7071,6781,6331,7032,6332,7632,7312,9283,1023,212
CWIP1,2861,2781,2101,2021,2371,1661,3371,2081,3021,2291,2491,186
Investments766786590637684747202457161204145578
Other Assets2,0121,8632,0131,8841,8681,9772,9804,1964,3244,7475,2004,486
Total Assets5,2185,7085,5195,4015,4215,5937,1528,6248,5199,1089,6959,461
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity443533421450-46225444-2794528034801,147
Cash from Investing Activity-2167172-6933-20129-329168-37-138-119
Cash from Financing Activity-236-592-332-574-5-220-419609-604-718-454-900
Net Cash Flow-812162-193-18-1615411749-112127
Free Cash Flow348495529421-103166312-4582685632061,041
CFO/OP147%186%156%180%-7%60%112%-24%78%86%67%337%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days788981858283816553677466
Inventory Days212225249219228278279331208221249276
Days Payable90121109121941201029354535663
Cash Conversion Cycle200192220182217242258303207235267278
Working Capital Days-10112752624313343557992
ROCE %6%5%6%6%9%8%8%10%10%16%13%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters44.08%44.08%46.22%46.22%46.22%46.22%46.22%46.22%46.22%46.22%50.14%50.14%
FIIs15.33%18.18%19.70%21.16%19.73%19.91%20.06%20.27%19.26%19.38%15.73%12.80%
DIIs0.88%0.43%0.36%0.44%1.98%0.62%0.63%0.21%0.25%0.24%0.23%0.37%
Government0.24%0.24%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%
Public39.47%37.07%33.47%31.95%31.84%33.03%32.87%33.08%34.07%33.94%33.67%36.47%
No. of Shareholders1,04,9701,08,3151,21,6151,33,8611,53,2431,67,9351,73,4961,82,1891,86,2561,82,2431,76,9131,79,894

Fundamentals

Market Cap₹ 4,731 Cr.
Current Price₹ 76.5
Stock P/E29.7
Book Value₹ 95.8
ROCE5.00 %
ROE3.04 %
Dividend Yield1.18 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-16%
Compounded Profit Growth (TTM)-72%
Consolidated figures.
Valuation
Market capRs 4,608 Cr
Enterprise valueRs 5,836 Cr
P/E (TTM)38.17x
Price to book0.78x
Price to sales0.80x
EV / EBITDA12.26x
EV / EBIT19.40x
EV / sales1.01x
Price to cash flow4.02x
Earnings yield2.62%
Dividend yield1.21%
P/E, 3-year average17.22x
P/B, 3-year average1.32x
P/E, 5-year average12.89x
P/B, 5-year average1.00x
Profitability
Operating margin (excl. other income)6.07%
Operating margin (incl. other income)9.04%
EBITDA margin8.23%
Pre-tax margin2.87%
Net profit margin2.09%
Net margin, latest quarter3.39%
ROE2.76%
ROCE4.71%
ROA1.69%
ROE, 3-year average10.46%
ROCE, 3-year average11.30%
ROA, 3-year average5.88%
ROE, 5-year average9.54%
ROCE, 5-year average10.74%
ROA, 5-year average5.14%
ROIC (approx.)3.10%
Tax rate26.22%
Other income / net worth2.97%
Growth
Sales growth (latest year)-19.15%
Profit growth (latest year)-77.25%
Sales CAGR, 3 years-6.65%
Sales CAGR, 5 years11.24%
Profit CAGR, 3 years-20.04%
Sales growth QoQ-4.50%
Profit growth QoQ202.38%
Sales growth YoY (latest quarter)-8.48%
Profit growth YoY (latest quarter)-45.74%
Per share
EPS (TTM)Rs 1.95
EPS (latest year)Rs 2.61
EPS (latest quarter)Rs 0.78
EPS, 3-year averageRs 8.69
EPS, 5-year averageRs 7.44
Book value per shareRs 95.82
Sales per shareRs 93.60
Cash flow per shareRs 18.55
Free cash flow per shareRs 16.84
Dividend per share (latest year)Rs 0.90
Dividend per share, 3-year averageRs 1.23
Dividend per share, 5-year averageRs 1.08
Dividends
Dividend payout34.46%
Dividend payout, 3-year average19.45%
Dividend payout, 5-year average17.80%
Efficiency
Asset turnover0.63x
Fixed asset turnover1.84x
Inventory turnover1.70x
Inventory days215 days
Debtor days66 days
Debtors turnover5.53x
Creditor days63 days
Cash conversion cycle278 days
Working capital days92 days
Leverage
Total debtRs 1,561 Cr
Cash and bankRs 333 Cr
Net debtRs 1,228 Cr
Debt to equity0.26x
Net debt / EBITDA2.58x
Interest coverage2.24x
Current ratio (filing 2026-03-31)2.00x
Quick ratio (filing 2026-03-31)0.98x
Trade payables (filing 2026-03-31)Rs 552 Cr
Owners' fund to total sources62.60%
Debt to assets16.50%
Cash flow
Cash from Operating Activity (latest year)Rs 1,147 Cr
Cash from Investing Activity (latest year)Rs -119 Cr
Cash from Financing Activity (latest year)Rs -900 Cr
Net Cash Flow (latest year)Rs 127 Cr
Free cash flow (latest year)Rs 1,041 Cr
FCFE (approx.: FCF + change in debt)Rs 477 Cr
Cash from ops / profit, 5 years1.14x
Sales to cash flow5.16x
Statement figures
Net sales (TTM)Rs 5,786 Cr
Net sales (latest year)Rs 5,918 Cr
Sales (latest quarter)Rs 1,426 Cr
Operating profit excl. other income (latest year)Rs 359 Cr
Operating profit (latest quarter)Rs 100 Cr
Other income (TTM)Rs 187 Cr
EBITDA (TTM)Rs 476 Cr
PBDT (TTM)Rs 342 Cr
Profit before tax (TTM)Rs 166 Cr
Tax (latest year)Rs 57 Cr
Net profit (TTM)Rs 121 Cr
Net profit (latest year)Rs 161 Cr
Net profit (latest quarter)Rs 48 Cr
Depreciation (TTM)Rs 175 Cr
Depreciation (latest quarter)Rs 43 Cr
Interest (TTM)Rs 135 Cr
Cost of goods sold (latest year)Rs 4,069 Cr
Total expenditure (latest year)Rs 5,559 Cr
Total income (latest year)Rs 6,094 Cr
Share capitalRs 62 Cr
ReservesRs 5,862 Cr
Shareholders' fundsRs 5,923 Cr
Total assetsRs 9,461 Cr
Net blockRs 3,212 Cr
Capital work in progressRs 1,186 Cr
InvestmentsRs 578 Cr
ReceivablesRs 1,071 Cr
InventoryRs 2,398 Cr
Other liabilitiesRs 1,977 Cr
Shares outstanding (crore)61.82
Ownership
Promoter holding50.14% (+3.92 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 38.2 is at the 98th percentile of its own 8.4-year range (median 11.5, low 5.5, high 42.7).
P/B 0.78 is at the 60th percentile (median 0.64).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodELECTCASTNifty 50Difference
1 week+2.7%-2.8% +5.5 pts
1 month-11.1%-6.8% -4.3 pts
3 months-4.2%-7.6% +3.4 pts
6 months+1.2%+0.4% +0.8 pts
1 year-22.4%-9.9% -12.5 pts
2 years-65.8%-13.6% -52.2 pts
3 years+4.8%+14.2% -9.4 pts
5 years+100.6%+27.9% +72.8 pts
6 mutual fund schemes hold about ₹7 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.27%7 +2%
Groww Nifty Total Market Index Fund0.01%0 +4%
Angel One Nifty Total Market Index Fund0.01%0 +4%
Mirae Asset Nifty Total Market Index Fund0.01%0 +4%
Bandhan Nifty Total Market Index Fund0.01%0 +4%
Motilal Oswal BSE 1000 Index Fund0.01%0 +4%

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 80% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,426 Cr -8.5% vs Jun 2025. Net profit ₹48 Cr -46.1%.
Against our estimate for Jun 2026: sales +7.4%, profit +8.6% in line. Our estimate for Sep 2026: sales Rs 1,252 Cr, profit Rs 28 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Welspun Corp Ltd74,96932.522.9 %
APL Apollo Tubes Ltd60,76849.431.8 %
Shyam Metalics & Energy Ltd29,97926.713.0 %
Ratnamani Metals & Tubes Ltd19,85945.317.9 %
Jindal Saw Ltd17,75927.210.4 %
Usha Martin Ltd15,20427.919.5 %
Godawari Power & Ispat Ltd14,90218.220.5 %
Gallantt Ispat Ltd.13,00729.818.2 %
Maharashtra Seamless Ltd9,67213.114.3 %
Jayaswal Neco Industries Ltd8,99715.720.7 %
Sunflag Iron & Steel Company Ltd8,36839.44.07 %
Man Industries (India) Ltd7,19835.216.2 %
Aeroflex Industries Ltd7,14110618.9 %
Technocraft Industries (India) Ltd6,63519.516.3 %
Shivalik Bimetal Controls Ltd6,40260.126.6 %
DateClientSideQtyPrice
2026-09-28Wilcox Merchants Private LimitedBUY4,825,00071.40
2026-09-28Mayank KejriwalBUY8,342,60071.20
2026-09-28Belgrave Investment FundSELL18,762,00071.28
2026-09-28Belgrave Investment FundSELL10,148,69572.33
2026-09-28Asha KejriwalBUY5,594,40071.30
2026-09-28Wilcox Merchants Private LimitedBUY4,825,00071.40
2026-09-28Mayank KejriwalBUY8,342,60071.20
2026-09-28Belgrave Investment FundSELL18,762,00071.28
2026-09-28Asha KejriwalBUY5,594,40071.30
Ex-dateActionFactor
2026-08-14Dividend - Re 0.90 Per Share
2025-08-14Dividend - Rs 1.40 Per Share
2024-08-16Dividend - Re 0.90 Per Share
2024-02-21Interim Dividend - Re 0.50 Per Share
2023-09-04Annual General Meeting/Dividend - Re 0.90 Per Share
2022-09-08Annual General Meeting/Dividend - Rs 0.80 Per Share
2021-08-26 Dividend - Rs 0.25 Per Share
2020-09-07 Dividend - Rs 0.30 Per Share
2018-09-06 Dividend- Re 0.30 Per Share
2017-09-07 Dividend - Re 0.50/- Per Share
2016-09-01 Dividend - Re 0.50/- Per Share
2015-09-03Annual General Meeting/ Dividend - Re 0.65/- Per Share
2014-08-20Annual General Meeting / Dividend - Re 0.65/- Per Share
2013-08-13Annual General Meeting / Dividend - Re 0.50/- Per Share
2012-08-30Annual General Meeting And Dividend Re.0.50 Per Share
2011-06-30Annual General Meeting And Dividend Rs.1.25 Per Share
2010-07-02Dividend-Re.1.25 Per Share
2009-08-07Agm/Div-Rs.1.25 Per Share
2008-07-23Agm/Dividend - 25%
2007-12-18Interim Dividend - 100%
2007-09-17Fv Split Rs.10/- To Re.1/0.1000
2007-07-31Agm
2007-03-23Interim Dividend-125% Purpose Revised
2006-07-27Dividend-125%
DateTypeWhat it says
2026-10-01UpdatesDisclosure under regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Electrosteel Castings Ltd?

Electrosteel Castings Ltd (ELECTCAST) has a market capitalisation of Rs 4,731 Cr. at the 2026-10-01 close.

What is the P/E ratio of Electrosteel Castings Ltd?

Electrosteel Castings Ltd trades at a P/E of 29.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Electrosteel Castings Ltd's latest quarterly results?

In the Jun 2026 quarter, Electrosteel Castings Ltd sales was Rs 1,426 Cr (-8.5% vs Jun 2025) and net profit was Rs 48 Cr.

What is the 52-week high and low of Electrosteel Castings Ltd?

The 52-week high is Rs 99.00 and the 52-week low is Rs 60.15.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03