Electrosteel Castings Ltd
NSE: ELECTCAST · Iron & Steel Products · sector
₹65.92NSE close 2026-10-26
Key numbers
Market cap₹4,075 cr
Price₹65.92
52w high / low₹98 / ₹60
P/E33.6xSector median 15.5x
P/B0.7xSector median 1.7x
Book value₹95.8
Dividend yield2.12%Sector median 0.60%
ROE2.1%Sector median 11.1%
ROCE4.0%Sector median 11.9%
OPM4.3%Sector median 6.7%
Debt / equity0.26xSector median 0.21x
EV/EBITDA18.9xSector median 11.8x
Interest cover2.2x
Current ratio2.00x
Sales growth 3y-6.7%Sector median +2.1%
Profit growth 3y-20.0%Sector median +13.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹864 cr vs borrowings ₹1,513 cr (FY26): borrowings are higher by ₹649 cr.
- Borrowings fell in each of the last 3 years (₹2,628 cr → ₹1,513 cr).
- Operating profit covered interest 2.2x in the last 12 months.
- 9.69% of the promoters' shares are pledged (5.3% of all shares).
- Promoter holding rose by 8.32 percentage points in a year, to 54.53% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 187% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹65.92 on 2026-10-26: -32.4% from the 52-week high, +9.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹217.76 · low ₹61.10
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,828 | 1,777 | 1,701 | 1,558 | 1,396 | 1,472 | 1,493 | 1,426 |
| EBITDA | 268 | 255 | 160 | 170 | 93 | -4 | 62 | 100 |
| OPM % | 14.6% | 14.3% | 9.4% | 10.9% | 6.7% | -0.3% | 4.1% | 7.0% |
| Other income | 21 | 39 | 39 | 28 | 95 | 54 | 37 | 39 |
| Net profit | 155 | 160 | 168 | 89 | 78 | -22 | 16 | 48 |
| EPS (₹) | 2.51 | 2.59 | 2.72 | 1.44 | 1.27 | -0.35 | 0.26 | 0.78 |
| Revenue YoY | -23.6% | -17.2% | -12.2% | -8.5% | ||||
| Profit YoY | -49.5% | -113.7% | -90.5% | -45.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5,281 | 7,276 | 7,478 | 7,320 | 5,918 | 5,786 |
| EBITDA | 698 | 738 | 1,178 | 1,036 | 321 | 250 |
| Net profit | 347 | 316 | 740 | 710 | 161 | 121 |
| EPS (₹) | 5.84 | 5.31 | 12.35 | 11.48 | 2.61 | 1.96 |
| Revenue growth | +37.8% | +2.8% | -2.1% | -19.2% | -15.7% | |
| Profit growth | -9.1% | +134.3% | -4.1% | -77.2% | -78.9% | |
| Dividend / share (₹) | 0.25 | 0.80 | 1.40 | 0.90 | 1.40 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.7% | +11.3% | -15.7% |
| Net profit | -20.0% | – | -78.9% |
| EPS | -21.1% | – | – |
| Share price | – | -38.1% (2y) | -26.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,383 | 5,113 | 5,782 | 5,923 |
| Borrowings | – | 2,628 | 2,266 | 2,060 | 1,513 |
| Cash & equivalents | – | 507 | 545 | 302 | 864 |
| Total assets | – | 8,519 | 9,108 | 9,695 | 9,461 |
| Fixed assets | – | 2,723 | 2,842 | 3,018 | 3,124 |
| Capital work in progress | – | 1,302 | 1,229 | 1,249 | 1,186 |
| Investments | – | 66 | 60 | 49 | 46 |
| Receivables | – | 1,056 | 1,365 | 1,483 | 1,071 |
| Inventory | – | 2,269 | 2,273 | 2,464 | 2,398 |
| Payables | – | 587 | 548 | 557 | 552 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -279 | 452 | 806 | 480 | 1,147 |
| Cash from investing | -329 | 168 | -37 | -142 | -136 |
| Cash from financing | 609 | -604 | -720 | -454 | -900 |
| Capex | 195 | 188 | 244 | 278 | 130 |
| Free cash flow | -474 | 265 | 561 | 203 | 1,017 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.2% | 14.5% | 12.3% | 2.7% |
| ROCE % | – | 10.0% | 15.7% | 13.0% | 4.9% |
| Debtor days | – | 53 | 67 | 74 | 66 |
| Inventory days | – | 208 | 221 | 249 | 276 |
| Payable days | – | 54 | 53 | 56 | 63 |
| Cash conversion cycle (days) | – | 207 | 235 | 267 | 279 |
| Working capital days | – | 69 | 82 | 94 | 145 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 54.53% |
| FIIs | 8.57% |
| DIIs | 0.35% |
| of which Mutual funds | 0.13% |
| of which Insurance | 0.02% |
| Government | 0.23% |
| Public (non-institutions) | 36.32% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 46.21% | 46.21% | 46.21% | 46.21% | 46.21% | 50.13% | 50.13% | 54.53% |
| Promoter group | % |
|---|---|
| G. K. & Sons Private Ltd | 8.19% |
| Electrocast Sales India Limited | 6.65% |
| Murari Investment & Trading Company Ltd. | 6.38% |
| Asha Kejriwal/mayank Kejriwal-trustee of Sreeji Family Benefit Trust | 5.67% |
| G.k.investments Ltd. | 4.82% |
| Uttam Commercial Company Ltd. | 4.18% |
| Electrosteel Thermal Coal Limited | 3.41% |
| Mayank Kejriwal | 2.99% |
| Sree Khemisati Constructions PVT. Ltd | 2.34% |
| Mangalam Equity Management PVT. Ltd. | 1.64% |
| Wilcox Merchants Private Limited | 1.30% |
| Tulsi Highrise Private Limited | 1.22% |
| Asha Kejriwal | 1.20% |
| Malay Commercial Enterprises Ltd. | 0.83% |
| Uddhav Kejriwal | 0.61% |
| Public holders above 1% | % |
|---|---|
| Resonance Opportunities Fund | 2.01% |
1,75,581 shareholders. Pledged: 9.69% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| ELECTCAST | ₹4,075 cr | 33.6x | 0.7x | 2.1% | 4.0% | 4.3% | -6.7% | 2.12% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-14 | Dividend | Dividend - Re 0.90 Per Share |
| 2025-08-14 | Dividend | Dividend - Rs 1.40 Per Share |
| 2024-08-16 | Dividend | Dividend - Re 0.90 Per Share |
| 2024-02-21 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2023-09-04 | Dividend | Annual General Meeting/Dividend - Re 0.90 Per Share |
| 2022-09-08 | Dividend | Annual General Meeting/Dividend - Rs 0.80 Per Share |
| 2021-08-26 | Dividend | Dividend - Rs 0.25 Per Share |
| 2020-09-07 | Dividend | Dividend - Rs 0.30 Per Share |
| 2018-09-06 | Dividend | Dividend- Re 0.30 Per Share |
| 2017-09-07 | Dividend | Dividend - Re 0.50/- Per Share |
| 2016-09-01 | Dividend | Dividend - Re 0.50/- Per Share |
| 2015-09-03 | Dividend | Annual General Meeting/ Dividend - Re 0.65/- Per Share |
| 2014-08-20 | Dividend | Annual General Meeting / Dividend - Re 0.65/- Per Share |
| 2013-08-13 | Dividend | Annual General Meeting / Dividend - Re 0.50/- Per Share |
| 2012-08-30 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2011-06-30 | Dividend | Annual General Meeting And Dividend Rs.1.25 Per Share |
| 2010-07-02 | Dividend | Dividend-Re.1.25 Per Share |
| 2009-08-07 | Other | Agm/Div-Rs.1.25 Per Share |
| 2008-07-23 | Dividend | Agm/Dividend - 25% |
| 2007-12-18 | Dividend | Interim Dividend - 100% |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of pipe and pipe fittings: The Company manufactures Ductile Iron Pipes, Ductile Iron Fittings, Cast Iron Pipes used for various applications, such as water transmission and distribution, desalination plants, storm water drainage, and sewage treatment plants.
- Manufacturing of Ferro Products & others: The Company manufactures Ferro Alloys, Pig Iron, Metallurgical Coke, and other value-added products.
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | ELECTCAST |
| BSE code | 500128 |
| ISIN | INE086A01029 |
| Face value | ₹1.0 |
| Incorporated | 1955-11-26 |
| Website | www.electrosteel.com |
| Plants (India / abroad) | 6 / 2 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.