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Last Updated: April 2, 2026, 2:52 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500128 | NSE: ELECTCAST

Electrosteel Castings Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹145.38Undervalued by 79.04%vs CMP ₹81.20

P/E (14.2) × ROE (13.2%) × BV (₹95.30) × DY (1.73%)

₹87.92Fairly Valued by 8.28%vs CMP ₹81.20
MoS: +7.6% (Thin)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹141.3823%Under (+74.1%)
Graham NumberEarnings₹104.3716%Under (+28.5%)
Earnings PowerEarnings₹51.6011%Over (-36.5%)
DCFCash Flow₹16.6314%Over (-79.5%)
Net Asset ValueAssets₹95.397%Under (+17.5%)
EV/EBITDAEnterprise₹118.369%Under (+45.8%)
Earnings YieldEarnings₹50.807%Over (-37.4%)
ROCE CapitalReturns₹85.177%Fair (+4.9%)
Revenue MultipleRevenue₹59.245%Over (-27%)
Consensus (9 models)₹87.92100%Fairly Valued
Key Drivers: Wide model spread (₹17–₹141) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -2.7%

*Investments are subject to market risks

Investment Snapshot

53
Electrosteel Castings Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 13.4% GoodROE 13.2% GoodD/E 0.67 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 46.2% Stable
Earnings Quality65/100 · Strong
OPM expanding (12% → 15%) Improving
Quarterly Momentum15/100 · Weak
Revenue (4Q): -17% YoY DecliningProfit (4Q): -43% YoY DecliningOPM: 7.0% (down 8.0% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 14.2 vs industry 22.5 Cheaper than peersROCE 13.4% vs industry 59.5% Below peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:52 am

Market Cap 5,017 Cr.
Current Price 81.2
Intrinsic Value₹87.92
High / Low 139/60.1
Stock P/E14.2
Book Value 95.3
Dividend Yield1.73 %
ROCE13.4 %
ROE13.2 %
Face Value 1.00
PEG Ratio-5.16

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

View Share Price Target for Electrosteel Castings Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Electrosteel Castings Ltd 5,017 Cr. 81.2 139/60.114.2 95.31.73 %13.4 %13.2 % 1.00
Kirloskar Industries Ltd 2,811 Cr. 2,675 4,726/2,45617.4 6,5450.49 %6.72 %2.60 % 10.0
Jayaswal Neco Industries Ltd 7,283 Cr. 75.0 94.3/26.119.1 26.50.00 %12.6 %4.86 % 10.0
Nelcast Ltd 1,053 Cr. 121 181/80.422.5 65.00.41 %9.55 %6.48 % 2.00
Alicon Castalloy Ltd 1,009 Cr. 617 1,025/54126.5 3770.89 %11.6 %8.02 % 5.00
Industry Average5,798.11 Cr799.3722.46814.460.98%59.48%17.72%7.00

All Competitor Stocks of Electrosteel Castings Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1,7841,8521,8721,6851,9191,8692,0042,0121,8281,7801,7011,5581,396
Expenses 1,6301,6641,6801,5251,6191,4631,6931,6581,5601,5251,5411,3871,303
Operating Profit 15418719316030040631135426825516017093
OPM % 9%10%10%10%16%22%16%18%15%14%9%11%7%
Other Income 17153627182334242139392895
Interest 69777757575352414045353638
Depreciation 30303130303034323637374143
Profit before tax 7295121100231346260305212213126121107
Tax % 26%18%26%25%24%24%13%26%27%25%-33%27%27%
Net Profit 537989751752632272261551601688978
EPS in Rs 0.891.321.501.262.944.433.673.652.512.592.721.441.27

Last Updated: January 1, 2026, 9:32 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 11:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,4592,4022,2042,0792,2632,6992,7113,4745,2817,2767,4787,3206,126
Expenses 2,1612,0911,9111,7912,0062,2952,3203,0384,5796,5306,2746,2705,669
Operating Profit 2993112932882574043914367027461,2041,050457
OPM % 12%13%13%14%11%15%14%13%13%10%16%14%7%
Other Income 2859710080-1378-194527776109177
Interest 150157180210210235228208195286219161146
Depreciation 5671676762595790115121125142166
Profit before tax 1201445211165-26114-56444415937856323
Tax % 32%19%32%30%-2%-70%25%72%22%24%21%17%
Net Profit -15-116-2714412439161-91348316740710314
EPS in Rs -0.46-3.25-0.774.043.470.943.72-2.115.845.3111.9711.485.08
Dividend Payout % -140%-20%-65%12%9%0%8%-16%14%17%12%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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:-12%
Compounded Profit Growth
10 Years:23%
5 Years:32%
3 Years:28%
TTM:-36%
Stock Price CAGR
10 Years:20%
5 Years:43%
3 Years:37%
1 Year:-55%
Return on Equity
10 Years:8%
5 Years:10%
3 Years:12%
Last Year:13%

Last Updated: September 5, 2025, 3:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 34363636364143435959626262
Reserves 2,1682,0342,4552,3492,4432,5952,8373,6674,0444,3235,0515,7205,832
Borrowings 2,5712,5722,1852,0571,6971,7611,7362,1382,9672,6672,3352,1252,223
Other Liabilities 6835751,0321,0781,2251,0259771,3051,5541,4691,6611,7881,795
Total Liabilities 5,4565,2185,7085,5195,4015,4215,5937,1528,6248,5199,1089,6959,911
Fixed Assets 1,1821,1541,7801,7071,6781,6331,7032,6332,7632,7312,9283,1023,216
CWIP 1,2181,2861,2781,2101,2021,2371,1661,3371,2081,3021,2291,2491,186
Investments 839766786590637684747202457161204145210
Other Assets 2,2172,0121,8632,0131,8841,8681,9772,9804,1964,3244,7475,2005,299
Total Assets 5,4565,2185,7085,5195,4015,4215,5937,1528,6248,5199,1089,6959,911

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 109443533421450-46225444-279452803480
Cash from Investing Activity + -177-2167172-6933-20129-329168-37-138
Cash from Financing Activity + -88-236-592-332-574-5-220-419609-604-718-454
Net Cash Flow -155-812162-193-18-1615411749-112
Free Cash Flow -53348495529421-103166312-458268563206
CFO/OP 48%147%186%156%180%-7%60%112%-23%78%86%67%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow297.00309.00291.00286.00256.00403.00390.00434.00700.00744.00-1.00-1.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 857889818582838165536774
Inventory Days 232212225249219228278279331208221249
Days Payable 119901211091219412010293545356
Cash Conversion Cycle 197200192220182217242258303207235267
Working Capital Days 2-101127526253133435579
ROCE %6%6%5%6%6%9%8%8%10%10%16%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 44.08%44.08%44.08%44.08%46.22%46.22%46.22%46.22%46.22%46.22%46.22%46.22%
FIIs 14.69%14.93%15.33%18.18%19.70%21.16%19.73%19.91%20.06%20.27%19.26%19.38%
DIIs 1.76%1.68%0.88%0.43%0.36%0.44%1.98%0.62%0.63%0.21%0.25%0.24%
Government 0.24%0.24%0.24%0.24%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%
Public 39.22%39.06%39.47%37.07%33.47%31.95%31.84%33.03%32.87%33.08%34.07%33.94%
No. of Shareholders 97,35092,9551,04,9701,08,3151,21,6151,33,8611,53,2431,67,9351,73,4961,82,1891,86,2561,82,243

Shareholding Pattern Chart

No. of Shareholders

Electrosteel Castings Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 368,561 0.76 4.34368,5612025-04-22 17:25:360%
Groww Nifty Total Market Index Fund 936 0.03 0.019362025-04-22 17:25:360%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 11.4812.355.315.84-3.37
Diluted EPS (Rs.) 11.4812.305.315.84-3.37
Cash EPS (Rs.) 13.7813.997.367.77-0.14
Book Value[Excl.RevalReserv]/Share (Rs.) 93.5382.7373.7269.0387.00
Book Value[Incl.RevalReserv]/Share (Rs.) 93.5382.7373.7269.0387.00
Revenue From Operations / Share (Rs.) 118.41120.97122.3688.8180.16
PBDIT / Share (Rs.) 18.7520.7213.8312.6711.30
PBIT / Share (Rs.) 16.4518.7011.7910.759.19
PBT / Share (Rs.) 13.8515.166.997.47-1.32
Net Profit / Share (Rs.) 11.4811.975.325.85-2.25
NP After MI And SOA / Share (Rs.) 11.4811.975.315.84-3.37
PBDIT Margin (%) 15.8317.1211.3014.2714.09
PBIT Margin (%) 13.8915.469.6312.0911.46
PBT Margin (%) 11.6912.535.708.41-1.64
Net Profit Margin (%) 9.699.894.346.58-2.80
NP After MI And SOA Margin (%) 9.699.894.346.57-4.20
Return on Networth / Equity (%) 12.2714.477.208.46-5.08
Return on Capital Employeed (%) 14.7018.6212.5711.627.78
Return On Assets (%) 7.318.123.704.02-2.03
Long Term Debt / Equity (X) 0.030.080.160.210.27
Total Debt / Equity (X) 0.350.440.590.710.67
Asset Turnover Ratio (%) 0.770.840.820.650.42
Current Ratio (X) 1.681.581.471.441.47
Quick Ratio (X) 0.780.790.690.720.87
Inventory Turnover Ratio (X) 3.091.542.031.801.32
Dividend Payout Ratio (NP) (%) 7.8411.4115.067.84-8.90
Dividend Payout Ratio (CP) (%) 6.539.7610.885.90-23.74
Earning Retention Ratio (%) 92.1688.5984.9492.16108.90
Cash Earning Retention Ratio (%) 93.4790.2489.1294.10123.74
Interest Coverage Ratio (X) 7.215.852.883.872.32
Interest Coverage Ratio (Post Tax) (X) 5.424.382.112.791.70
Enterprise Value (Cr.) 7930.6912892.934127.084761.193398.64
EV / Net Operating Revenue (X) 1.081.720.560.900.97
EV / EBITDA (X) 6.8410.075.026.326.95
MarketCap / Net Operating Revenue (X) 0.821.470.260.440.31
Retention Ratios (%) 92.1588.5884.9392.15108.90
Price / BV (X) 1.052.160.430.570.37
Price / Net Operating Revenue (X) 0.821.470.260.440.31
EarningsYield 0.110.060.160.14-0.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
Castings/FoundryRathod Colony, Sundargarh Orissa 770017Contact not found
Management
NamePosition Held
Dr. Ajay KumarChairman
Mr. Umang KejriwalManaging Director
Mr. Mayank KejriwalJoint Managing Director
Mr. Ashutosh AgarwalWholeTime Director & CFO
Mr. Sunil KatialWholeTime Director & CEO
Mr. Uddhav KejriwalWhole Time Director
Mrs. Radha Kejriwal AgarwalWhole Time Director
Mrs. Nityangi Kejriwal JaiswalWhole Time Director
Mr. Madhav KejriwaWhole Time Director
Mrs. Priya Manjari TodiWhole Time Director
Mr. Amrendra Prasad VermaDirector
Dr. Mohua BanerjeeDirector
Mr. Rajkumar KhannaDirector
Mr. Jinendra Kumar JainDirector
Mr. Vyas Mitre RalliDirector
Mr. Bal Kishan ChoudhuryDirector
Mr. Virendra SinhaDirector
Mrs. Sangeeta SinghDirector

FAQ

What is the intrinsic value of Electrosteel Castings Ltd and is it undervalued?

As of 18 April 2026, Electrosteel Castings Ltd's intrinsic value is ₹87.92, which is 8.28% higher than the current market price of ₹81.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (13.2 %), book value (₹95.3), dividend yield (1.73 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Electrosteel Castings Ltd?

Electrosteel Castings Ltd is trading at ₹81.20 as of 18 April 2026, with a FY2026-2027 high of ₹139 and low of ₹60.1. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,017 Cr..

How does Electrosteel Castings Ltd's P/E ratio compare to its industry?

Electrosteel Castings Ltd has a P/E ratio of 14.2, which is below the industry average of 22.46. This is broadly in line with or below the industry average.

Is Electrosteel Castings Ltd financially healthy?

Key indicators for Electrosteel Castings Ltd: ROCE of 13.4 % is moderate. Dividend yield is 1.73 %.

Is Electrosteel Castings Ltd profitable and how is the profit trend?

Electrosteel Castings Ltd reported a net profit of ₹710 Cr in Mar 2025 on revenue of ₹7,320 Cr. Compared to ₹348 Cr in Mar 2022, the net profit shows an improving trend.

Does Electrosteel Castings Ltd pay dividends?

Electrosteel Castings Ltd has a dividend yield of 1.73 % at the current price of ₹81.20. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Electrosteel Castings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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