Electrosteel Castings Ltd. (ELECTCAST) AI Stock Analysis

• Market Cap: ₹55.33B
• Dividend Yield: 1.57%
• Average Volume (3M): 81.78K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 1.80
• Revenue Growth: -12.07%
• EPS Growth: -37.11%
• Country: IN
• Employees: 2,901
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 1.40
• Shares Outstanding: 618,184,600
• 10 Day Avg. Volume: 74,297
• 30 Day Avg. Volume: 81,782
• PEG Ratio: -1.23
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.84
• P/FCF Ratio: 30.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹101.00 ▲(5.10% Upside)

Electrosteel Castings Ltd. has a robust financial position with strong revenue growth and cash flow management. The stock appears undervalued, but technical indicators suggest a bearish trend. Monitoring is advised due to net income volatility and irregular cash flow growth.

Electrosteel Castings Ltd. Business Overview & Revenue Model

Company Description

Electrosteel Castings Ltd. (ELECTCAST) is a leading manufacturer of ductile iron and cast iron products, primarily serving the infrastructure and construction sectors. The company specializes in producing a wide range of products including pipes, fittings, and valves that are crucial for water supply, sewage systems, and other industrial applications. With a strong focus on quality and innovation, ELECTCAST has established itself as a reliable provider in the market, catering to both domestic and international clients.

How the Company Makes Money

Electrosteel Castings Ltd. generates revenue through the manufacturing and sale of its core products, which include ductile iron pipes, fittings, and other cast iron products. The company earns money by supplying these products to various sectors, including municipal water supply, sewage management, and industrial applications. Key revenue streams come from long-term contracts with government and public sector undertakings, as well as sales to private construction and infrastructure firms. Additionally, Electrosteel may benefit from strategic partnerships and collaborations with other companies in the construction and infrastructure industries, enhancing its market reach and sales capabilities. The company also focuses on expanding its product offerings and improving operational efficiencies to drive profitability.

Electrosteel Castings Ltd. Financial Statement Overview

Summary

Electrosteel Castings Ltd. has shown solid revenue growth and operational efficiency, with improvements in leverage ratios. However, net income volatility and irregular free cash flow growth indicate areas that need closer monitoring.

Income Statement

Electrosteel Castings Ltd. demonstrates solid revenue growth over multiple years, with significant improvement from 2020 to 2022, though it slightly contracted in 2025. The Gross Profit Margin and EBIT Margin indicate strong operational efficiency in recent years, particularly in 2025. However, the Net Profit Margin has been somewhat volatile, reflecting some inconsistencies in cost management or extraordinary items.

Balance Sheet

The company's balance sheet shows a stable Equity Ratio, signifying a solid equity base relative to total assets. The Debt-to-Equity Ratio has been improving, indicating effective debt management. However, the Return on Equity, while positive, highlights room for enhancement in generating returns from equity investments.

Cash Flow

Cash flow analysis reveals a strong Operating Cash Flow to Net Income ratio, suggesting efficient cash generation from operations. The Free Cash Flow to Net Income ratio indicates a healthy capacity to generate cash after capital expenditures. However, fluctuations in free cash flow growth, particularly negative growth in 2025, suggest potential volatility in cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	68.63B	73.20B	74.78B	72.76B	52.65B	34.47B
Gross Profit	33.36B	37.10B	36.37B	32.87B	19.94B	13.20B
EBITDA	9.39B	10.36B	12.59B	8.22B	7.51B	2.16B
Net Income	5.73B	7.10B	7.40B	3.16B	3.47B	-911.99M
Balance Sheet
Total Assets	0.00	96.95B	91.08B	85.19B	86.24B	71.81B
Cash, Cash Equivalents and Short-Term Investments	2.64B	3.02B	5.03B	5.07B	7.08B	6.13B
Total Debt	0.00	21.25B	23.32B	26.67B	29.67B	21.38B
Total Liabilities	-57.83B	39.13B	39.94B	41.35B	45.19B	34.15B
Stockholders Equity	57.83B	57.82B	51.13B	43.83B	41.03B	37.26B
Cash Flow
Free Cash Flow	0.00	2.03B	5.61B	2.65B	-4.74B	3.32B
Operating Cash Flow	0.00	4.80B	8.06B	4.52B	-2.79B	4.65B
Investing Cash Flow	0.00	-1.42B	-365.17M	1.68B	-3.29B	1.12B
Financing Cash Flow	0.00	-4.54B	-7.20B	-6.04B	6.09B	-2.10B

Electrosteel Castings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 96.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ELECTCAST, the sentiment is Negative. The current price of 96.1 is above the 20-day moving average (MA) of 93.36, below the 50-day MA of 96.22, and below the 200-day MA of 105.17, indicating a bearish trend. The MACD of -1.66 indicates Positive momentum. The RSI at 35.55 is Neutral, neither overbought nor oversold. The STOCH value of 5.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ELECTCAST.

Electrosteel Castings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SANDUMA	73 Outperform	₹106.82B	21.70	―	0.19%	146.02%	43.05%
REFEX	68 Neutral	₹48.45B	30.56	―	0.13%	21.67%	25.86%
ELECTCAST	64 Neutral	₹55.33B	9.66	―	1.57%	-12.07%	-37.11%
PRSMJOHNSN	62 Neutral	₹72.11B	79.97	―	―	2.15%	-42.02%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RAIN	53 Neutral	₹45.37B	-10.87	―	1.48%	-1.53%	70.86%

Electrosteel Castings Ltd. Corporate Events

Electrosteel Castings Ltd. Appoints New Independent Director

Electrosteel Castings Ltd. has announced the appointment of Mr. Bikramjit Ghosh as a Non-Executive Independent Director, effective August 30, 2025. Mr. Ghosh brings over 40 years of professional experience in finance, corporate strategy, and international EPC projects, which is expected to strengthen the company’s board and enhance its strategic direction.

Electrosteel Castings Schedules 70th AGM with E-Voting Details

Electrosteel Castings Ltd. has announced the scheduling of its 70th Annual General Meeting (AGM) to be held on August 27, 2025, via video conferencing. The company has completed the dispatch of the AGM notice and annual report for the fiscal year 2024-25, and has provided details on e-voting procedures, indicating a commitment to maintaining shareholder engagement and transparency.