Electrosteel Castings Ltd. (ELECTCAST) AI Stock Analysis

Electrosteel Castings Ltd.

(NSE:ELECTCAST)

Select Model

Rating:54Neutral

Price Target:INR 65.00▲(2.31% Upside)

Action:reiterated

Date:08/21/26

The overall score is constrained by significant headwinds. The primary negative factors are the severe deterioration in profitability and revenue, combined with a bearish technical trend and an expensive valuation. These are partially mitigated by the company's strong, low-debt balance sheet and record free cash flow generation, which reduce financial risk and provide a buffer during the cyclical downturn.

Positive Factors

Integrated DI pipe manufacturingIntegrated manufacturing gives Electrosteel control across the conversion of raw materials into DI pipes and fittings. Its products serve essential water and infrastructure applications, while access to utilities, municipal bodies, contractors, and export markets supports a broad, durable commercial base.

Negative Factors

Declining revenueThe recent revenue contraction indicates weaker business activity than in the preceding growth years and can reduce operating leverage across the manufacturing base. If the decline persists, it may limit scale benefits, constrain cash generation, and make recovery in earnings more dependent on market conditions.

Electrosteel Castings Ltd. (ELECTCAST) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 39.29B
Dividend Yield: 1.42%
Average Volume (3M): 159.75K
Price to Earnings (P/E): 32.4
Beta (1Y): 1.37
Revenue Growth: -15.69%
EPS Growth: -78.92%
Country: India
Employees: 2,901
Sector: General
Sector Strength: 55
Industry: Steel

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, related...

Electrosteel Castings Ltd. Financial Statement Overview

Summary

Mixed financials: Strong balance sheet (Score 80) and robust cash flow (Score 75) are offset by a sharp decline in income statement performance (Score 38). The low debt and record free cash flow provide stability, but the 19% revenue drop and compressed margins signal significant cyclical earnings pressure.

Income Statement

38Negative

Balance Sheet

80Positive

Cash Flow

75Positive

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price63.53

Price Trends

50DMA75.19Negative

100DMA74.62Negative

200DMA74.96Negative

Market Momentum

MACD-2.77Positive

RSI28.76Positive

STOCH10.15Positive

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 63.53 is below the 20-day moving average (MA) of 72.55, below the 50-day MA of 75.19, and below the 200-day MA of 74.96, indicating a bearish trend. The MACD of -2.77 indicates Positive momentum. The RSI at 28.76 is Positive, neither overbought nor oversold. The STOCH value of 10.15 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ELECTCAST against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:WELCORP	74Outperform	INR 615.85B	26.07	―	0.21%	13.62%	9.05%
IN:RATNAMANI	71Outperform	INR 162.60B	37.55	―	0.43%	-16.30%	-24.14%
IN:APLAPOLLO	70Outperform	INR 600.02B	46.05	―	0.39%	15.83%	24.85%
IN:SURYAROSNI	69Neutral	INR 44.23B	14.23	―	2.47%	11.69%	8.23%
IN:JINDALSAW	61Neutral	INR 146.03B	26.52	―	0.88%	-0.73%	-60.06%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ELECTCAST	54Neutral	INR 39.27B	32.43	―	1.42%	-15.69%	-78.92%

* General Sector Average

Performance Comparison

IN:ELECTCAST and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ELECTCAST	Electrosteel Castings Ltd.	63.53	-26.17	-29.17%
IN:APLAPOLLO	APL Apollo Tubes Limited	2161.00	370.34	20.68%
IN:JINDALSAW	Jindal Saw Limited	228.35	55.59	32.18%
IN:RATNAMANI	Ratnamani Metals & Tubes Ltd.	2319.85	-150.56	-6.09%
IN:SURYAROSNI	Surya Roshni Limited	203.25	-95.47	-31.96%
IN:WELCORP	Welspun Corp Limited	2334.60	1384.76	145.79%

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 stakeholder...

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.

Date of analysis: Aug 21, 2026

Electrosteel Castings Ltd. AI Stock Analysis