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Electrosteel Castings Ltd.
(ELECTCAST)
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Rating:57Neutral
Price Target:
₹87.00
▲(14.82% Upside)
Action:Reiterated
Date:08/21/26
The score is held up primarily by improved balance-sheet strength and a strong 2026 cash-flow rebound, but is weighed down by a sharp deterioration in 2026 profitability and weakening technical momentum. A high P/E with only a modest dividend yield further limits upside from a valuation standpoint.
Positive Factors
Essential water infrastructure products
The company supplies products used in essential water and sanitation infrastructure across municipal, industrial and irrigation applications. This broad, infrastructure-linked role supports recurring relevance over multiple quarters and provides exposure to long-term pipeline development rather than discretionary consumer demand.
Negative Factors
Declining revenue trend
The recent revenue pullback indicates that business activity has weakened after the earlier expansion phase. Continued top-line pressure could reduce plant utilization and operating leverage, making it harder to absorb fixed costs and limiting the company’s ability to restore earnings growth over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Essential water infrastructure products
The company supplies products used in essential water and sanitation infrastructure across municipal, industrial and irrigation applications. This broad, infrastructure-linked role supports recurring relevance over multiple quarters and provides exposure to long-term pipeline development rather than discretionary consumer demand.
Read all positive factors
Electrosteel Castings Ltd. (ELECTCAST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹46.39B
Dividend Yield1.2%
Average Volume (3M)185.34K
Price to Earnings (P/E)38.4
Beta (1Y)1.40
Revenue Growth-15.69%
EPS Growth-78.92%
CountryIN
Employees2,901
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)1.96
Shares Outstanding618,184,600
10 Day Avg. Volume291,983
30 Day Avg. Volume185,337
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)0.77
Price to Sales (P/S)0.77
P/FCF Ratio4.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.4
Revenue Forecast (FY)₹61.35B
Electrosteel Castings Ltd. Business Overview & Revenue Model
Company Description
Based in Kolkata, India, Electrosteel Castings Limited, incorporated in 1955 and formerly known as Dalmia Iron and Steel Ltd., is a prominent international manufacturer and supplier. The company's primary focus is on ductile iron (DI) pipes, relat...
How the Company Makes Money
Electrosteel Castings Ltd. primarily makes money by manufacturing and selling ductile iron (DI) pipes and associated fittings used for water transmission and distribution and other pipeline applications. Revenue is generated through (1) sale of DI...
Electrosteel Castings Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
72
Positive
Cash Flow
79
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.86B | 59.18B | 73.20B | 74.78B | 72.76B | 52.65B |
| Gross Profit | 20.55B | 19.74B | 37.10B | 36.37B | 32.87B | 19.94B |
| EBITDA | 3.99B | 5.35B | 10.36B | 12.59B | 8.22B | 7.51B |
| Net Income | 1.21B | 1.61B | 7.10B | 7.40B | 3.16B | 3.47B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 94.61B | 96.95B | 91.08B | 85.19B | 86.24B |
| Cash, Cash Equivalents and Short-Term Investments | 8.57B | 8.64B | 3.02B | 5.03B | 5.07B | 7.08B |
| Total Debt | 0.00 | 15.61B | 21.25B | 23.32B | 26.67B | 29.67B |
| Total Liabilities | -59.24B | 35.37B | 39.13B | 39.94B | 41.35B | 45.19B |
| Stockholders Equity | 59.24B | 59.23B | 57.82B | 51.13B | 43.83B | 41.03B |
Cash Flow | ||||||
| Free Cash Flow | 3.38B | 9.80B | 2.03B | 5.61B | 2.65B | -4.74B |
| Operating Cash Flow | 4.11B | 11.10B | 4.80B | 8.06B | 4.52B | -2.79B |
| Investing Cash Flow | -2.17B | -2.35B | -1.42B | -365.17M | 1.68B | -3.29B |
| Financing Cash Flow | -1.63B | -7.64B | -4.54B | -7.20B | -6.04B | 6.09B |
Electrosteel Castings Ltd. Technical Analysis
Negative
75.77
Price Trends
75.29
Negative
75.37
Negative
75.24
Negative
Market Momentum
-0.15
Negative
48.38
Neutral
53.46
Neutral
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 75.77 is above the 20-day moving average (MA) of 74.99, above the 50-day MA of 75.29, and above the 200-day MA of 75.24, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 48.38 is Neutral, neither overbought nor oversold. The STOCH value of 53.46 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹584.50B | 47.77 | ― | 0.40% | 9.64% | 53.35% | |
68 Neutral | ₹697.63B | 30.14 | ― | 0.19% | 20.21% | 14.36% | |
68 Neutral | ₹172.44B | 26.33 | ― | 0.74% | -8.57% | -62.05% | |
66 Neutral | ₹45.38B | 14.55 | ― | 2.40% | 11.69% | 8.23% | |
65 Neutral | ₹176.47B | 40.86 | ― | 0.40% | -16.30% | -24.14% | |
57 Neutral | ₹46.39B | 38.36 | ― | 1.20% | -15.69% | -78.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:ELECTCAST
Electrosteel Castings Ltd.
75.04
-17.75
-19.13%
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Electrosteel Castings Ltd. Corporate Events
Electrosteel Castings Releases Q1 FY27 Investor Presentation, Underscoring Strong Financial Profile
Aug 7, 2026
Electrosteel Castings Ltd. has released its Q1 FY27 investor presentation and scheduled a conference call to discuss quarterly earnings, sharing the material with both major Indian stock exchanges and posting it on its website for broader stakehol...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.