Electrosteel Castings
- Market cap
- ₹ 4,136 Cr.
- P/E
- 25.8x
- P/B
- 0.73x
- 52-week range
- 60.15 – 95.9
- ROE
- 3%
- ROCE
- 5%
- Dividend yield
- 1.3%
- Debt / equity
- 0.26
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Electrosteel Castings Limited is an India-based pipeline solution provider. It is engaged in the business of manufacturing ductile iron (DI) pipes, ductile iron fittings (DIF) and cast iron (CI) pipes. Its products also include ductile iron flange pipes, restrained joint pipes, cement and ferro alloys. It operates through pipes and fittings segment. Its products, DI pipes and DIF, are used for various applications, such as water transmission and distribution, desalination plants, storm water drainages and sewage treatment plants. Its manufacturing facilities are spread across five locations in India. It caters to a customer base spread around the Indian subcontinent, Europe, North and South America, Southeast Asia, Middle East, and Africa. Its subsidiaries include Electrosteel Castings (UK) Limited, Electrosteel Algerie SPA, Electrosteel Doha for Trading LLC, Electrosteel Castings Gulf FZE, Electrosteel Brasil Ltda. Tubos e Conexoes Duteis, Singardo International Pte Limited, and more.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Electrosteel Castings against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)25.8 against a typical 18.6: pricier than most peers (1st = cheapest).88th of 146
- Sales growth−8.5% against a typical +13.1% from a year earlier.92nd of 117
- Profit growth−46.1% against a typical +26.2% from a year earlier.90th of 105
- Share price, 3 months−7.2% against a typical −3.1%.81st of 135
- Size₹ 4,135.8 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).15th of 135
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety, with caution
Rated AA by CRISIL- CRISIL expects things to get worse (negative outlook).
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA | Negative | 4 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 4 Feb 2026 | ▼ Outlook cut | Crisil AA Outlook Stable → Negative | — | CRISIL | ₹ 4,500 Cr. | |
| 6 Jan 2026 | Rating action | Crisil AA | — | CRISIL | ₹ 4,500 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 18 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 6 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 10 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 6 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 10 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,919 | 1,869 | 2,004 | 2,012 | 1,828 | 1,780 | 1,701 | 1,558 | 1,396 | 1,472 | 1,493 | 1,426 |
| Expenses | 1,619 | 1,463 | 1,693 | 1,658 | 1,560 | 1,525 | 1,541 | 1,387 | 1,303 | 1,438 | 1,431 | 1,326 |
| Operating Profit | 300 | 406 | 311 | 354 | 268 | 255 | 160 | 170 | 93 | 34 | 62 | 100 |
| OPM % | 16% | 22% | 16% | 18% | 15% | 14% | 9% | 11% | 7% | 2.3% | 4.1% | 7% |
| Other Income | 18 | 23 | 34 | 24 | 21 | 39 | 39 | 28 | 95 | 16 | 37 | 39 |
| Interest | 57 | 53 | 52 | 41 | 40 | 45 | 35 | 36 | 38 | 37 | 32 | 27 |
| Depreciation | 30 | 30 | 34 | 32 | 36 | 37 | 37 | 41 | 43 | 45 | 44 | 43 |
| Profit before tax | 231 | 346 | 260 | 305 | 212 | 213 | 126 | 121 | 107 | −32 | 23 | 69 |
| Tax % | 24% | 24% | 13% | 26% | 27% | 25% | −33% | 27% | 27% | −31% | 29% | 30% |
| Net Profit | 175 | 263 | 227 | 226 | 155 | 160 | 168 | 89 | 78 | −22 | 16 | 48 |
| EPS in Rs | 2.94 | 4.43 | 3.67 | 3.65 | 2.51 | 2.59 | 2.72 | 1.44 | 1.27 | −0.35 | 0.26 | 0.78 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 11%
- 3 Years
- −7%
- TTM
- −16%
- 10 Years
- 29%
- 5 Years
- −3%
- 3 Years
- −18%
- TTM
- −72%
- 10 Years
- 12%
- 5 Years
- 16%
- 3 Years
- 6%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 10%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Electrosteel Castings | ₹ 66.64 | ₹ 4,136 Cr. | 25.8x | 0.7x | 3% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- Sunil Katial
- Chief Executive Officer, Whole-Time Director
- Ashutosh Agarwal
- Chief Financial Officer, Whole-time Director
- Indranil Mitra
- Compliance Officer, Company Secretary
- Mayank Kejriwal
- Joint Managing Director, Executive Director
- Umang Kejriwal
- Managing Director, Executive Director
- Radha Kejriwal Agarwal
- Whole-Time Director
- Nityangi Kejriwal Jaiswal
- Whole-Time Director
- Madhav Kejriwal
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.