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Last Updated on: 22 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Electrosteel Castings Ltd

About the Company - Electrosteel Castings Ltd

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. 5014.83 Cr. and Equity Capital is Rs. 59.46 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Castings/FoundryRathod Colony, Rajgangpur, Sundargarh Orissa 770017companysecretary@electrosteel.com
http://www.electrosteelcastings.com
Management
NamePosition Held
Mr. Pradip Kumar KhaitanChairman
Mr. Umang KejriwalManaging Director
Mr. Mayank KejriwalJoint Managing Director
Mr. Uddhav KejriwalWhole Time Director
Mr. Ashutosh AgarwalWholeTime Director & CFO
Mr. Sunil KatialWholeTime Director & CEO
Mrs. Radha Kejriwal AgarwalWhole Time Director
Mrs. Nityangi Kejriwal JaiswalWhole Time Director
Mr. Madhav KejriwaWhole Time Director
Mrs. Priya Manjari TodiWhole Time Director
Mr. Binod Kumar KhaitanDirector
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

Electrosteel Castings Ltd. Share Price Update

Share PriceValue
Today₹196.70
Previous Day₹188.45

Basic Stock Data of Electrosteel Castings Ltd

Last Updated: April 21, 2024, 11:33 am

Market Cap 11,699 Cr.
Current Price 197
High / Low204/34.0
Stock P/E19.4
Book Value 76.9
Dividend Yield0.46 %
ROCE9.99 %
ROE7.51 %
Face Value 1.00

Data Source: screener.in

Competitors of Electrosteel Castings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nelcast Ltd 1,314 Cr. 151194/87.633.1 56.10.26 %9.59 %6.60 % 2.00
Carnation Industries Ltd 2.25 Cr. 6.5010.6/4.05 7.870.00 %%% 10.0
Jayaswal Neco Industries Ltd 4,923 Cr. 50.765.5/21.223.0 22.40.00 %9.56 %14.0 % 10.0
Captain Technocast Ltd 209 Cr. 204204/80.160.4 21.20.10 %18.3 %15.2 % 10.0
Kirloskar Industries Ltd 4,177 Cr. 4,2074,523/2,45822.7 4,1010.26 %13.4 %8.23 % 10.0
Industry Average2,125.05 Cr923.8427.84841.710.12%10.17%8.81%8.40

Electrosteel Castings Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,1631,2301,0971,1651,4381,5771,7671,7841,8521,8721,6851,9191,869
Expenses9871,0639381,0341,2491,3601,5641,6301,6641,6801,5251,6191,463
Operating Profit175166159131190217203154187193160300406
OPM %15%14%15%11%13%14%12%9%10%10%10%16%22%
Other Income2419162112916171536271823
Interest55646040455362697777575753
Depreciation28322829273130303031303030
Profit before tax1169087831301431277295121100231346
Tax %27%25%19%20%26%21%25%26%18%26%25%24%24%
Net Profit85687066971139553798975175263
EPS in Rs1.951.561.051.532.231.901.600.891.321.501.262.944.43

Last Updated: April 4, 2024, 1:54 pm

Electrosteel Castings Ltd Quarterly Chart

Electrosteel Castings Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,1022,2142,4592,4022,2042,0792,2632,6992,7113,4745,2817,2767,329
Expenses1,9972,0162,1612,0911,9111,7912,0062,2952,3203,0384,5866,5306,488
Operating Profit105198299311293288257404391436695746841
OPM %5%9%12%13%13%14%11%15%14%13%13%10%11%
Other Income74952859710080-1378-194597797
Interest111126150157180210210235228208195286269
Depreciation57565671676762595790115121122
Profit before tax121121201445211165-26114-56444415547
Tax %-146%21%32%19%32%30%-2%70%25%-72%22%24%
Net Profit-26-23-15-116-2714412439161-91348316418
EPS in Rs-0.83-0.73-0.46-3.25-0.774.043.470.943.72-2.115.845.317.02
Dividend Payout %-61%-68%-140%-20%-65%12%9%0%8%-12%14%17%

Electrosteel Castings Ltd Profit & Loss Yearly Chart

Electrosteel Castings Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:26%
3 Years:39%
TTM:5%
Compounded Profit Growth
10 Years:26%
5 Years:21%
3 Years:21%
TTM:77%
Stock Price CAGR
10 Years:24%
5 Years:55%
3 Years:85%
1 Year:446%
Return on Equity
10 Years:4%
5 Years:7%
3 Years:7%
Last Year:8%

Last Updated: April 17, 2024, 1:42 am

Electrosteel Castings Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33333436363636414343595959
Reserves1,6632,1932,1682,0342,4552,3492,4432,5952,8373,6674,0444,3234,513
Borrowings1,8212,4302,5712,5722,1852,0571,6971,7611,7362,1382,9672,6672,469
Other Liabilities8134316835751,0321,0781,2251,0259771,3051,5541,4691,921
Total Liabilities4,3305,0875,4565,2185,7085,5195,4015,4215,5937,1528,6248,5198,963
Fixed Assets6011,1481,1821,1541,7801,7071,6781,6331,7032,6332,7632,7312,775
CWIP6649931,2181,2861,2781,2101,2021,2371,1661,3371,2081,3021,281
Investments1,074982839766786590637684747202457161391
Other Assets1,9911,9652,2172,0121,8632,0131,8841,8681,9772,9804,1964,3244,517
Total Assets4,3305,0875,4565,2185,7085,5195,4015,4215,5937,1528,6248,5198,963

Electrosteel Castings Ltd Reserves and Borrowings Chart

Electrosteel Castings Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -255216109443533421450-46225444-279452
Cash from Investing Activity 133-279-177-2167172-6933-20129-329168
Cash from Financing Activity 120260-88-236-592-332-574-5-220-419609-604
Net Cash Flow-2197-155-812162-193-18-16154117

Electrosteel Castings Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1009985788981858283816553
Inventory Days266206232212225249219228278279331208
Days Payable1325811990121109121941201029354
Cash Conversion Cycle234247197200192220182217242258303207
Working Capital Days12215712412715415397130131167176139
ROCE %3%5%6%6%5%6%6%9%8%8%10%10%

Electrosteel Castings Ltd Financial Efficiency Indicators Chart

Electrosteel Castings Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters55.25%55.27%55.29%55.29%55.29%44.08%44.08%44.08%44.08%44.08%44.08%44.08%
FIIs10.10%9.63%10.71%11.22%11.34%16.36%16.69%15.23%15.13%14.69%14.93%15.33%
DIIs4.68%4.21%3.12%2.99%2.65%2.22%2.10%1.98%1.98%1.76%1.68%0.88%
Government0.00%0.00%0.00%0.00%0.00%0.24%0.24%0.24%0.24%0.24%0.24%0.24%
Public29.97%30.89%30.88%30.50%30.72%37.10%36.89%38.47%38.58%39.22%39.06%39.47%
No. of Shareholders54,49354,47255,52555,11956,00690,80590,96896,74198,76197,35092,9551,04,970

Electrosteel Castings Ltd Shareholding Pattern Chart

No. of Electrosteel Castings Ltd Shareholders

Electrosteel Castings Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund3685610.764.34
Groww Nifty Total Market Index Fund9360.030.01

Electrosteel Castings Ltd ROCE Trend

Electrosteel Castings Ltd EPS Trend

Electrosteel Castings Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)5.315.84-3.373.850.99
Diluted EPS (Rs.)5.315.84-3.373.850.99
Cash EPS (Rs.)7.367.77-0.143.311.26
Book Value[Excl.RevalReserv]/Share (Rs.)73.7269.0387.0066.5565.09
Book Value[Incl.RevalReserv]/Share (Rs.)73.7269.0387.0066.5565.09
Revenue From Operations / Share (Rs.)122.3688.8180.1662.6266.57
PBDIT / Share (Rs.)13.8312.6711.309.2211.14
PBIT / Share (Rs.)11.7910.759.197.909.69
PBT / Share (Rs.)6.997.47-1.322.64-0.62
Net Profit / Share (Rs.)5.325.85-2.251.99-0.18
NP After MI And SOA / Share (Rs.)5.315.84-3.373.720.94
PBDIT Margin (%)11.3014.2714.0914.7216.72
PBIT Margin (%)9.6312.0911.4612.6114.56
PBT Margin (%)5.708.41-1.644.22-0.94
Net Profit Margin (%)4.346.58-2.803.18-0.27
NP After MI And SOA Margin (%)4.346.57-4.205.941.41
Return on Networth / Equity (%)7.208.46-5.085.591.44
Return on Capital Employeed (%)12.5711.627.788.619.95
Return On Assets (%)3.704.02-2.032.870.70
Long Term Debt / Equity (X)0.160.210.270.240.31
Total Debt / Equity (X)0.590.710.670.510.60
Asset Turnover Ratio (%)0.820.650.420.470.46
Current Ratio (X)1.471.441.471.171.23
Quick Ratio (X)0.690.720.870.610.72
Inventory Turnover Ratio (X)2.031.801.321.641.89
Dividend Payout Ratio (NP) (%)15.067.84-8.900.000.00
Dividend Payout Ratio (CP) (%)10.885.90-23.740.000.00
Earning Retention Ratio (%)84.9492.16108.900.000.00
Cash Earning Retention Ratio (%)89.1294.10123.740.000.00
Interest Coverage Ratio (X)2.883.872.321.751.92
Interest Coverage Ratio (Post Tax) (X)2.112.791.701.381.75
Enterprise Value (Cr.)4127.084761.193398.641789.462270.12
EV / Net Operating Revenue (X)0.560.900.970.660.84
EV / EBITDA (X)5.026.326.954.485.03
MarketCap / Net Operating Revenue (X)0.260.440.310.140.30
Retention Ratios (%)84.9392.15108.900.000.00
Price / BV (X)0.430.570.370.130.30
Price / Net Operating Revenue (X)0.260.440.310.140.30
EarningsYield0.160.14-0.130.400.04

Electrosteel Castings Ltd Profitability Ratios (%)

Electrosteel Castings Ltd Liquidity Ratios

Electrosteel Castings Ltd Liquidity Ratios (%)

Electrosteel Castings Ltd Interest Coverage Ratios (%)

Electrosteel Castings Ltd Valuation Ratios

Fair Value of Electrosteel Castings Ltd Stock

Fair Value: 112.55

The stock is overvalued by 42.87% compared to the current price ₹197

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.

*Investments are subject to market risks

Strength and Weakness of Electrosteel Castings Ltd Stock

StrengthWeakness
  1. The company has higher reserves (2,868.00 cr) compared to borrowings (2,236.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (3.08 cr) and profit (158.00 cr) over the years.
  1. The stock has a low average ROCE of 6.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 139.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 224.92, which may not be favorable.

FAQ

What is the latest fair value of Electrosteel Castings Ltd?

The latest fair value of Electrosteel Castings Ltd is 112.55.

What is the Market Cap of Electrosteel Castings Ltd?

The Market Cap of Electrosteel Castings Ltd is 11,699 Cr..

What is the current Stock Price of Electrosteel Castings Ltd as on 22 April 2024?

The current stock price of Electrosteel Castings Ltd as on 22 April 2024 is 197.

What is the High / Low of Electrosteel Castings Ltd stocks in FY 2024?

In FY 2024, the High / Low of Electrosteel Castings Ltd stocks is ₹204/34.0.

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

The Stock P/E of Electrosteel Castings Ltd is 19.4.

What is the Book Value of Electrosteel Castings Ltd?

The Book Value of Electrosteel Castings Ltd is 76.9.

What is the Dividend Yield of Electrosteel Castings Ltd?

The Dividend Yield of Electrosteel Castings Ltd is 0.46 %.

What is the ROCE of Electrosteel Castings Ltd?

The ROCE of Electrosteel Castings Ltd is 9.99 %.

What is the ROE of Electrosteel Castings Ltd?

The ROE of Electrosteel Castings Ltd is 7.51 %.

What is the Face Value of Electrosteel Castings Ltd?

The Face Value of Electrosteel Castings Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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