Electrosteel Castings Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 9:24 pm

Market Cap	6,342 Cr.
Current Price	103
High / Low	237/80.0
Stock P/E	8.94
Book Value	93.5
Dividend Yield	1.36 %
ROCE	13.2 %
ROE	13.0 %
Face Value	1.00
PEG Ratio	0.13

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Electrosteel Castings Ltd

Competitors of Electrosteel Castings Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gujarat Intrux Ltd	171 Cr.	498	647/306	16.2	194	3.42 %	21.9 %	16.4 %	10.0
Carnation Industries Ltd	4.86 Cr.	14.0	14.0/5.97	3.42	4.71	0.00 %	392 %	%	10.0
Captain Technocast Ltd	499 Cr.	215	322/102	65.0	17.2	0.00 %	29.4 %	24.1 %	10.0
Nelcast Ltd	1,189 Cr.	137	164/78.0	34.5	63.6	0.29 %	9.51 %	6.42 %	2.00
Kirloskar Industries Ltd	3,876 Cr.	3,721	6,500/2,692	26.8	6,045	0.35 %	6.66 %	2.56 %	10.0
Industry Average	5,629.33 Cr	923.16		26.14	756.45	0.67%	59.54%	17.75%	7.00

All Competitor Stocks of Electrosteel Castings Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	1,577	1,767	1,784	1,852	1,872	1,685	1,919	1,869	2,004	2,012	1,828	1,780	1,701
Expenses	1,360	1,564	1,630	1,664	1,680	1,525	1,619	1,463	1,693	1,658	1,560	1,525	1,541
Operating Profit	217	203	154	187	193	160	300	406	311	354	268	255	160
OPM %	14%	12%	9%	10%	10%	10%	16%	22%	16%	18%	15%	14%	9%
Other Income	9	16	17	15	36	27	18	23	34	24	21	39	39
Interest	53	62	69	77	77	57	57	53	52	41	40	45	35
Depreciation	31	30	30	30	31	30	30	30	34	32	36	37	37
Profit before tax	143	127	72	95	121	100	231	346	260	305	212	213	126
Tax %	21%	25%	26%	18%	26%	25%	24%	24%	13%	26%	27%	25%	-33%
Net Profit	113	95	53	79	89	75	175	263	227	226	155	160	168
EPS in Rs	1.90	1.60	0.89	1.32	1.50	1.26	2.94	4.43	3.67	3.65	2.51	2.59	2.72

Last Updated: May 31, 2025, 9:21 am

Below is a detailed analysis of the quarterly data for Electrosteel Castings Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 1,701.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,780.00 Cr. (Dec 2024) to 1,701.00 Cr., marking a decrease of 79.00 Cr..
For Expenses, as of Mar 2025, the value is 1,541.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,525.00 Cr. (Dec 2024) to 1,541.00 Cr., marking an increase of 16.00 Cr..
For Operating Profit, as of Mar 2025, the value is 160.00 Cr.. The value appears to be declining and may need further review. It has decreased from 255.00 Cr. (Dec 2024) to 160.00 Cr., marking a decrease of 95.00 Cr..
For OPM %, as of Mar 2025, the value is 9.00%. The value appears to be declining and may need further review. It has decreased from 14.00% (Dec 2024) to 9.00%, marking a decrease of 5.00%.
For Other Income, as of Mar 2025, the value is 39.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 39.00 Cr..
For Interest, as of Mar 2025, the value is 35.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 45.00 Cr. (Dec 2024) to 35.00 Cr., marking a decrease of 10.00 Cr..
For Depreciation, as of Mar 2025, the value is 37.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 37.00 Cr..
For Profit before tax, as of Mar 2025, the value is 126.00 Cr.. The value appears to be declining and may need further review. It has decreased from 213.00 Cr. (Dec 2024) to 126.00 Cr., marking a decrease of 87.00 Cr..
For Tax %, as of Mar 2025, the value is -33.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Dec 2024) to -33.00%, marking a decrease of 58.00%.
For Net Profit, as of Mar 2025, the value is 168.00 Cr.. The value appears strong and on an upward trend. It has increased from 160.00 Cr. (Dec 2024) to 168.00 Cr., marking an increase of 8.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 2.72. The value appears strong and on an upward trend. It has increased from 2.59 (Dec 2024) to 2.72, marking an increase of 0.13.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 6:48 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	2,459	2,402	2,204	2,079	2,263	2,699	2,711	3,474	5,281	7,276	7,478	7,320
Expenses	2,161	2,091	1,911	1,791	2,006	2,295	2,320	3,038	4,586	6,530	6,274	6,284
Operating Profit	299	311	293	288	257	404	391	436	695	746	1,204	1,036
OPM %	12%	13%	13%	14%	11%	15%	14%	13%	13%	10%	16%	14%
Other Income	28	59	7	100	80	-137	8	-194	59	77	76	123
Interest	150	157	180	210	210	235	228	208	195	286	219	161
Depreciation	56	71	67	67	62	59	57	90	115	121	125	142
Profit before tax	120	144	52	111	65	-26	114	-56	444	415	937	856
Tax %	32%	19%	32%	30%	-2%	-70%	25%	72%	22%	24%	21%	17%
Net Profit	-15	-116	-27	144	124	39	161	-91	348	316	740	710
EPS in Rs	-0.46	-3.25	-0.77	4.04	3.47	0.94	3.72	-2.11	5.84	5.31	11.97	11.48
Dividend Payout %	-140%	-20%	-65%	12%	9%	-0%	8%	-12%	14%	17%	12%	12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-673.33%	76.72%	633.33%	-13.89%	-68.55%	312.82%	-156.52%	482.42%	-9.20%	134.18%	-4.05%
Change in YoY Net Profit Growth (%)	0.00%	750.06%	556.61%	-647.22%	-54.66%	381.37%	-469.34%	638.94%	-491.61%	143.37%	-138.23%

Electrosteel Castings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	12%
5 Years:	22%
3 Years:	12%
TTM:	-2%

Compounded Profit Growth
10 Years:	23%
5 Years:	32%
3 Years:	27%
TTM:	-6%

Stock Price CAGR
10 Years:	19%
5 Years:	59%
3 Years:	42%
1 Year:	-36%

Return on Equity
10 Years:	8%
5 Years:	10%
3 Years:	12%
Last Year:	13%

Last Updated: Unknown

Balance Sheet

Last Updated: May 13, 2025, 3:36 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	34	36	36	36	36	41	43	43	59	59	62	62
Reserves	2,168	2,034	2,455	2,349	2,443	2,595	2,837	3,667	4,044	4,323	5,051	5,720
Borrowings	2,571	2,572	2,185	2,057	1,697	1,761	1,736	2,138	2,967	2,667	2,332	2,125
Other Liabilities	683	575	1,032	1,078	1,225	1,025	977	1,305	1,554	1,469	1,663	1,788
Total Liabilities	5,456	5,218	5,708	5,519	5,401	5,421	5,593	7,152	8,624	8,519	9,108	9,695
Fixed Assets	1,182	1,154	1,780	1,707	1,678	1,633	1,703	2,633	2,763	2,731	2,928	3,102
CWIP	1,218	1,286	1,278	1,210	1,202	1,237	1,166	1,337	1,208	1,302	1,229	1,249
Investments	839	766	786	590	637	684	747	202	457	161	204	145
Other Assets	2,217	2,012	1,863	2,013	1,884	1,868	1,977	2,980	4,196	4,324	4,747	5,200
Total Assets	5,456	5,218	5,708	5,519	5,401	5,421	5,593	7,152	8,624	8,519	9,108	9,695

Below is a detailed analysis of the balance sheet data for Electrosteel Castings Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 62.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 62.00 Cr..
For Reserves, as of Mar 2025, the value is 5,720.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,051.00 Cr. (Mar 2024) to 5,720.00 Cr., marking an increase of 669.00 Cr..
For Borrowings, as of Mar 2025, the value is 2,125.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 2,332.00 Cr. (Mar 2024) to 2,125.00 Cr., marking a decrease of 207.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 1,788.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,663.00 Cr. (Mar 2024) to 1,788.00 Cr., marking an increase of 125.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 9,695.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,108.00 Cr. (Mar 2024) to 9,695.00 Cr., marking an increase of 587.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 3,102.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,928.00 Cr. (Mar 2024) to 3,102.00 Cr., marking an increase of 174.00 Cr..
For CWIP, as of Mar 2025, the value is 1,249.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,229.00 Cr. (Mar 2024) to 1,249.00 Cr., marking an increase of 20.00 Cr..
For Investments, as of Mar 2025, the value is 145.00 Cr.. The value appears to be declining and may need further review. It has decreased from 204.00 Cr. (Mar 2024) to 145.00 Cr., marking a decrease of 59.00 Cr..
For Other Assets, as of Mar 2025, the value is 5,200.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,747.00 Cr. (Mar 2024) to 5,200.00 Cr., marking an increase of 453.00 Cr..
For Total Assets, as of Mar 2025, the value is 9,695.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,108.00 Cr. (Mar 2024) to 9,695.00 Cr., marking an increase of 587.00 Cr..

Notably, the Reserves (5,720.00 Cr.) exceed the Borrowings (2,125.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	109	443	533	421	450	-46	225	444	-279	452	806	480
Cash from Investing Activity +	-177	-216	71	72	-69	33	-20	129	-329	168	-37	-142
Cash from Financing Activity +	-88	-236	-592	-332	-574	-5	-220	-419	609	-604	-720	-454
Net Cash Flow	-155	-8	12	162	-193	-18	-16	154	1	17	49	-116

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	297.00	309.00	291.00	286.00	256.00	403.00	390.00	434.00	693.00	744.00	-1.00	-1.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	99	85	78	89	81	85	82	83	81	65	53	67
Inventory Days	206	232	212	225	249	219	228	278	279	331	208	221
Days Payable	58	119	90	121	109	121	94	120	102	93	54	53
Cash Conversion Cycle	247	197	200	192	220	182	217	242	258	303	207	234
Working Capital Days	157	124	127	154	153	97	130	131	167	176	139	146
ROCE %	5%	6%	6%	5%	6%	6%	9%	8%	8%	10%	10%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	55.29%	44.08%	44.08%	44.08%	44.08%	44.08%	44.08%	44.08%	44.08%	46.22%	46.22%	46.22%
FIIs	11.34%	16.36%	16.69%	15.23%	15.13%	14.69%	14.93%	15.33%	18.18%	19.70%	21.16%	19.73%
DIIs	2.65%	2.22%	2.10%	1.98%	1.98%	1.76%	1.68%	0.88%	0.43%	0.36%	0.44%	1.98%
Government	0.00%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.23%	0.23%	0.23%
Public	30.72%	37.10%	36.89%	38.47%	38.58%	39.22%	39.06%	39.47%	37.07%	33.47%	31.95%	31.84%
No. of Shareholders	56,006	90,805	90,968	96,741	98,761	97,350	92,955	1,04,970	1,08,315	1,21,615	1,33,861	1,53,243

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	368,561	0.76	4.34	368,561	2025-04-22 17:25:36	0%
Groww Nifty Total Market Index Fund	936	0.03	0.01	936	2025-04-22 17:25:36	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	12.35	5.31	5.84	-3.37	3.85
Diluted EPS (Rs.)	12.30	5.31	5.84	-3.37	3.85
Cash EPS (Rs.)	13.99	7.36	7.77	-0.14	3.31
Book Value[Excl.RevalReserv]/Share (Rs.)	82.73	73.72	69.03	87.00	66.55
Book Value[Incl.RevalReserv]/Share (Rs.)	82.73	73.72	69.03	87.00	66.55
Revenue From Operations / Share (Rs.)	120.97	122.36	88.81	80.16	62.62
PBDIT / Share (Rs.)	20.72	13.83	12.67	11.30	9.22
PBIT / Share (Rs.)	18.70	11.79	10.75	9.19	7.90
PBT / Share (Rs.)	15.16	6.99	7.47	-1.32	2.64
Net Profit / Share (Rs.)	11.97	5.32	5.85	-2.25	1.99
NP After MI And SOA / Share (Rs.)	11.97	5.31	5.84	-3.37	3.72
PBDIT Margin (%)	17.12	11.30	14.27	14.09	14.72
PBIT Margin (%)	15.46	9.63	12.09	11.46	12.61
PBT Margin (%)	12.53	5.70	8.41	-1.64	4.22
Net Profit Margin (%)	9.89	4.34	6.58	-2.80	3.18
NP After MI And SOA Margin (%)	9.89	4.34	6.57	-4.20	5.94
Return on Networth / Equity (%)	14.47	7.20	8.46	-5.08	5.59
Return on Capital Employeed (%)	18.62	12.57	11.62	7.78	8.61
Return On Assets (%)	8.12	3.70	4.02	-2.03	2.87
Long Term Debt / Equity (X)	0.08	0.16	0.21	0.27	0.24
Total Debt / Equity (X)	0.44	0.59	0.71	0.67	0.51
Asset Turnover Ratio (%)	0.84	0.82	0.65	0.42	0.47
Current Ratio (X)	1.58	1.47	1.44	1.47	1.17
Quick Ratio (X)	0.79	0.69	0.72	0.87	0.61
Inventory Turnover Ratio (X)	1.54	2.03	1.80	1.32	1.64
Dividend Payout Ratio (NP) (%)	11.41	15.06	7.84	-8.90	0.00
Dividend Payout Ratio (CP) (%)	9.76	10.88	5.90	-23.74	0.00
Earning Retention Ratio (%)	88.59	84.94	92.16	108.90	0.00
Cash Earning Retention Ratio (%)	90.24	89.12	94.10	123.74	0.00
Interest Coverage Ratio (X)	5.85	2.88	3.87	2.32	1.75
Interest Coverage Ratio (Post Tax) (X)	4.38	2.11	2.79	1.70	1.38
Enterprise Value (Cr.)	12892.93	4127.08	4761.19	3398.64	1789.46
EV / Net Operating Revenue (X)	1.72	0.56	0.90	0.97	0.66
EV / EBITDA (X)	10.07	5.02	6.32	6.95	4.48
MarketCap / Net Operating Revenue (X)	1.47	0.26	0.44	0.31	0.14
Retention Ratios (%)	88.58	84.93	92.15	108.90	0.00
Price / BV (X)	2.16	0.43	0.57	0.37	0.13
Price / Net Operating Revenue (X)	1.47	0.26	0.44	0.31	0.14
EarningsYield	0.06	0.16	0.14	-0.13	0.40

After reviewing the key financial ratios for Electrosteel Castings Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 12.35. This value is within the healthy range. It has increased from 5.31 (Mar 23) to 12.35, marking an increase of 7.04.
For Diluted EPS (Rs.), as of Mar 24, the value is 12.30. This value is within the healthy range. It has increased from 5.31 (Mar 23) to 12.30, marking an increase of 6.99.
For Cash EPS (Rs.), as of Mar 24, the value is 13.99. This value is within the healthy range. It has increased from 7.36 (Mar 23) to 13.99, marking an increase of 6.63.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 82.73. It has increased from 73.72 (Mar 23) to 82.73, marking an increase of 9.01.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 82.73. It has increased from 73.72 (Mar 23) to 82.73, marking an increase of 9.01.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 120.97. It has decreased from 122.36 (Mar 23) to 120.97, marking a decrease of 1.39.
For PBDIT / Share (Rs.), as of Mar 24, the value is 20.72. This value is within the healthy range. It has increased from 13.83 (Mar 23) to 20.72, marking an increase of 6.89.
For PBIT / Share (Rs.), as of Mar 24, the value is 18.70. This value is within the healthy range. It has increased from 11.79 (Mar 23) to 18.70, marking an increase of 6.91.
For PBT / Share (Rs.), as of Mar 24, the value is 15.16. This value is within the healthy range. It has increased from 6.99 (Mar 23) to 15.16, marking an increase of 8.17.
For Net Profit / Share (Rs.), as of Mar 24, the value is 11.97. This value is within the healthy range. It has increased from 5.32 (Mar 23) to 11.97, marking an increase of 6.65.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 11.97. This value is within the healthy range. It has increased from 5.31 (Mar 23) to 11.97, marking an increase of 6.66.
For PBDIT Margin (%), as of Mar 24, the value is 17.12. This value is within the healthy range. It has increased from 11.30 (Mar 23) to 17.12, marking an increase of 5.82.
For PBIT Margin (%), as of Mar 24, the value is 15.46. This value is within the healthy range. It has increased from 9.63 (Mar 23) to 15.46, marking an increase of 5.83.
For PBT Margin (%), as of Mar 24, the value is 12.53. This value is within the healthy range. It has increased from 5.70 (Mar 23) to 12.53, marking an increase of 6.83.
For Net Profit Margin (%), as of Mar 24, the value is 9.89. This value is within the healthy range. It has increased from 4.34 (Mar 23) to 9.89, marking an increase of 5.55.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 9.89. This value is within the healthy range. It has increased from 4.34 (Mar 23) to 9.89, marking an increase of 5.55.
For Return on Networth / Equity (%), as of Mar 24, the value is 14.47. This value is below the healthy minimum of 15. It has increased from 7.20 (Mar 23) to 14.47, marking an increase of 7.27.
For Return on Capital Employeed (%), as of Mar 24, the value is 18.62. This value is within the healthy range. It has increased from 12.57 (Mar 23) to 18.62, marking an increase of 6.05.
For Return On Assets (%), as of Mar 24, the value is 8.12. This value is within the healthy range. It has increased from 3.70 (Mar 23) to 8.12, marking an increase of 4.42.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.08. This value is below the healthy minimum of 0.2. It has decreased from 0.16 (Mar 23) to 0.08, marking a decrease of 0.08.
For Total Debt / Equity (X), as of Mar 24, the value is 0.44. This value is within the healthy range. It has decreased from 0.59 (Mar 23) to 0.44, marking a decrease of 0.15.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.84. It has increased from 0.82 (Mar 23) to 0.84, marking an increase of 0.02.
For Current Ratio (X), as of Mar 24, the value is 1.58. This value is within the healthy range. It has increased from 1.47 (Mar 23) to 1.58, marking an increase of 0.11.
For Quick Ratio (X), as of Mar 24, the value is 0.79. This value is below the healthy minimum of 1. It has increased from 0.69 (Mar 23) to 0.79, marking an increase of 0.10.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.54. This value is below the healthy minimum of 4. It has decreased from 2.03 (Mar 23) to 1.54, marking a decrease of 0.49.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 11.41. This value is below the healthy minimum of 20. It has decreased from 15.06 (Mar 23) to 11.41, marking a decrease of 3.65.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 9.76. This value is below the healthy minimum of 20. It has decreased from 10.88 (Mar 23) to 9.76, marking a decrease of 1.12.
For Earning Retention Ratio (%), as of Mar 24, the value is 88.59. This value exceeds the healthy maximum of 70. It has increased from 84.94 (Mar 23) to 88.59, marking an increase of 3.65.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 90.24. This value exceeds the healthy maximum of 70. It has increased from 89.12 (Mar 23) to 90.24, marking an increase of 1.12.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.85. This value is within the healthy range. It has increased from 2.88 (Mar 23) to 5.85, marking an increase of 2.97.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 4.38. This value is within the healthy range. It has increased from 2.11 (Mar 23) to 4.38, marking an increase of 2.27.
For Enterprise Value (Cr.), as of Mar 24, the value is 12,892.93. It has increased from 4,127.08 (Mar 23) to 12,892.93, marking an increase of 8,765.85.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.72. This value is within the healthy range. It has increased from 0.56 (Mar 23) to 1.72, marking an increase of 1.16.
For EV / EBITDA (X), as of Mar 24, the value is 10.07. This value is within the healthy range. It has increased from 5.02 (Mar 23) to 10.07, marking an increase of 5.05.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.47. This value is within the healthy range. It has increased from 0.26 (Mar 23) to 1.47, marking an increase of 1.21.
For Retention Ratios (%), as of Mar 24, the value is 88.58. This value exceeds the healthy maximum of 70. It has increased from 84.93 (Mar 23) to 88.58, marking an increase of 3.65.
For Price / BV (X), as of Mar 24, the value is 2.16. This value is within the healthy range. It has increased from 0.43 (Mar 23) to 2.16, marking an increase of 1.73.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.47. This value is within the healthy range. It has increased from 0.26 (Mar 23) to 1.47, marking an increase of 1.21.
For EarningsYield, as of Mar 24, the value is 0.06. This value is below the healthy minimum of 5. It has decreased from 0.16 (Mar 23) to 0.06, marking a decrease of 0.10.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Electrosteel Castings Ltd as of June 1, 2025 is: 88.11

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 1, 2025, Electrosteel Castings Ltd is Overvalued by 14.46% compared to the current share price 103.00

Intrinsic Value of Electrosteel Castings Ltd as of June 1, 2025 is: 150.60

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 1, 2025, Electrosteel Castings Ltd is Undervalued by 46.21% compared to the current share price 103.00

Last 5 Year EPS CAGR: 70.93%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (3,307.17 cr) compared to borrowings (2,234.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (3.58 cr) and profit (264.67 cr) over the years.	The stock has a low average ROCE of 7.92%, which may not be favorable. The stock has a high average Working Capital Days of 141.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 224.92, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Electrosteel Castings Ltd:
1. Net Profit Margin: 9.89%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 18.62% (Industry Average ROCE: 59.54%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.47% (Industry Average ROE: 17.75%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 4.38
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.79
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 8.94 (Industry average Stock P/E: 26.14)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.44
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Electrosteel Castings Ltd. is a Public Limited Listed company incorporated on 26/11/1955 and has its registered office in the State of Orissa, India. Company's Corporate Identification Number(CIN) is L27310OR1955PLC000310 and registration number is 000310. Currently Company is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company's Total Operating Revenue is Rs. 6745.88 Cr. and Equity Capital is Rs. 61.82 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Castings/Foundry	Rathod Colony, Rajgangpur, Sundargarh Orissa 770017	companysecretary@electrosteel.com http://www.electrosteelcastings.com

Management
Name	Position Held
Mr. Pradip Kumar Khaitan	Chairman
Mr. Umang Kejriwal	Managing Director
Mr. Mayank Kejriwal	Joint Managing Director
Mr. Ashutosh Agarwal	WholeTime Director & CFO
Mr. Sunil Katial	WholeTime Director & CEO
Mr. Uddhav Kejriwal	Whole Time Director
Mrs. Radha Kejriwal Agarwal	Whole Time Director
Mrs. Nityangi Kejriwal Jaiswal	Whole Time Director
Mr. Madhav Kejriwa	Whole Time Director
Mrs. Priya Manjari Todi	Whole Time Director
Mr. Binod Kumar Khaitan	Director
Mr. Amrendra Prasad Verma	Director
Dr. Mohua Banerjee	Director
Mr. Rajkumar Khanna	Director
Mr. Jinendra Kumar Jain	Director
Mr. Vyas Mitre Ralli	Director
Mr. Bal Kishan Choudhury	Director
Mr. Virendra Sinha	Director
Dr. Ajay Kumar	Director

FAQ

What is the intrinsic value of Electrosteel Castings Ltd?

Electrosteel Castings Ltd's intrinsic value (as of 31 May 2025) is ₹88.11 — 14.46% lower the current market price of 103.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 6,342 Cr. market cap, FY2025-2026 high/low of ₹237/80.0, reserves of 5,720 Cr, and liabilities of 9,695 Cr.

What is the Market Cap of Electrosteel Castings Ltd?

The Market Cap of Electrosteel Castings Ltd is 6,342 Cr..

What is the current Stock Price of Electrosteel Castings Ltd as on 31 May 2025?

The current stock price of Electrosteel Castings Ltd as on 31 May 2025 is 103.

What is the High / Low of Electrosteel Castings Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Electrosteel Castings Ltd stocks is ₹237/80.0.

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

The Stock P/E of Electrosteel Castings Ltd is 8.94.

What is the Book Value of Electrosteel Castings Ltd?

The Book Value of Electrosteel Castings Ltd is 93.5.

What is the Dividend Yield of Electrosteel Castings Ltd?

The Dividend Yield of Electrosteel Castings Ltd is 1.36 %.

What is the ROCE of Electrosteel Castings Ltd?

The ROCE of Electrosteel Castings Ltd is 13.2 %.

What is the ROE of Electrosteel Castings Ltd?

The ROE of Electrosteel Castings Ltd is 13.0 %.

What is the Face Value of Electrosteel Castings Ltd?

The Face Value of Electrosteel Castings Ltd is 1.00.