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Electrosteel Castings Ltd share Price Today

Company details

171.76
177.68
54.15
208.00
6M Return 56.96%
1Y Return 221.10%
Mkt Cap.(Cr) 10,639.58
Volume 2,340,906
Div Yield 0.85%
OI
-
OI Chg %
-
Volume 2,340,906

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Iron & Steel Products company Electrosteel Castings announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • EBITDA grew by 50.9% YoY to Rs 346 crore in Q4FY24, the EBITDA margin expanded by 495 bps YoY to 17.0%.
  • Highest ever PAT of Rs 227 crore, up by 153.8% YoY in Q4FY24, PAT margin expanded by 645 bps YoY to 11.1%.
  • Decline in interest cost by 33.3% during the quarter

FY24 Financial Highlights:

  • Revenues at Rs 7,580 crore, Highest ever yearly EBITDA and PAT at Rs 1,281 crore and Rs 740 crore, respectively in FY24
  • EBITDA margin and PAT margin at 16.9% and 9.8%, respectively in FY24
  • Adjusted FY24 ROCE at 19.0% (FY23 - 13.0%) and ROE at 19.3% (FY23 - 11.2%)
  • Strong Order Book visibility of 10 months
  • Consistently rewarding stakeholders with dividend. FY24: Rs 1.40 (140% of Face Value-including interim dividend of Rs 0.50)

Result PDF

View Other Company Results

Electrosteel Castings Ltd shares SWOT Analysis

Strengths (13)

  • Promoter holding increased more than 2% QoQ
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • High Volume, High Gain

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 175.9
R2 179.8
R3 181.9
Pivot

173.85

S1 170.0
S2 167.9
S3 164.1
EMA SMA
167.3
170.5
162.9
139.1
165.6
178.3
172.9
133.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES II PUBLIC LIMITED COMPANY - ISHARES GLOBAL WATER UCITS ETF Bulk Purchase 2024-04-19 196.21 3228750 NSE
NORGES BANK ON ACCOUNT OF THE GOVERNMENT PENSION FUND GLOBAL Bulk Purchase 2024-03-15 155.83 4154313 NSE
BNP PARIBAS ARBITRAGE Bulk Purchase 2023-11-30 115.56 28 NSE
Name Category Shares
ASHA KEJRIWAL/MAYANK KEJRIWAL-TRUSTEE OF SREEJI FAMILY BENEFIT TRUST PROMOTER 5.67%
MAYANK KEJRIWAL PROMOTER 1.63%
UDDHAV KEJRIWAL PROMOTER 0.61%
G K & SONS PRIVATE LIMITED PROMOTER 8.19%
ELECTROCAST SALES INDIA LIMITED PROMOTER 6.65%
MURARI INVESTMENT & TRADING COMPANY LIMITED PROMOTER 6.38%
G.K.INVESTMENTS LIMITED PROMOTER 4.82%
UTTAM COMMERCIAL COMPANY LIMITED PROMOTER 4.18%
SREE KHEMISATI CONSTRUCTIONS PRIVATE LIMITED PROMOTER 2.34%
MANGALAM EQUITY MANAGEMENT PVT LTD PROMOTER 1.64%
MALAY COMMERCIAL ENTERPRISES LIMITED PROMOTER 0.83%
TULSI HIGHRISE PVT LTD PROMOTER 0.71%
SRI GOPAL INVESTMENTS VENTURES LTD PROMOTER 0.61%
WILCOX MERCHANTS PVT LTD PROMOTER 0.51%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Electrosteel Castings Ltd Stocks COMPARISON

Financials( in Cr) Electrosteel Castings Ltd Bharat Forge Ltd AIA Engineering Ltd CIE Automotive India Ltd PTC Industries Ltd
Price 172.11 1,717.30 3,976.80 569.55 14,729.60
% Change 1.49 4.91 3.95 -1.81 17.59
Mcap Cr 10,639.58 79,955.60 37,509.18 21,606.56 21,271.02
Revenue TTM Cr 7,275.51 12,910.26 4,908.77 9,280.35 219.26
Net Profit TTM Cr 316.23 508.39 1,056.50 1,125.15 25.82
PE TTM 13.83 83.39 32.99 26.73 0.00
1 Year Return 221.10 107.00 22.05 14.05 302.93
ROCE 9.76 7.32 25.25 17.73 11.33
ROE 7.45 6.88 20.23 20.31 10.87
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,382.64 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05
Electrosteel Castings Limited - Memorandum of Understanding/Agreements

Jun 14, 2024 l NSE Announcement

Electrosteel Castings Limited - Memorandum of Understanding/Agreements

Jun 13, 2024 l NSE Announcement

Date Action Type Ratio
Feb 21, 2024 Dividend 50
Sep 04, 2023 Dividend 90
Sep 08, 2022 Dividend 80

Electrosteel Castings Ltd Information

Stock PE (TTM)
13.83
Promoter Holding
46.21%
Book Value
85.9478
ROCE
9.76%
ROE
7.45%
Description
  • Electrosteel Castings Ltd is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF) and Cast Iron (CI) Pipes. The Company is a water infrastructure company providing techno-economic solutions for water supply and sewerage systems. They also undertake turnkey solutions for water transportation and sewerage management, which include manufacturing DI Pipes, supplying and laying various types of pipes, operating the system and transferring to the owners. The company is headquartered at Kolkata and having their manufacturing facilities at Elavur in Tamilnadu, Khardah and Haldia in West Bengal. Electrosteel Castings Ltd was incorporated in November 26, 1955. In the year 1959, the company commissioned their first cast iron pipe factory at Khardah in West Bengal. They acquired another cast iron pipe manufacturing unit at Elavur in Tamilnadu in the year 1982. In the year 1994, the company set up a 60000 tpa DI spun pipe plant at Khardah, the first ever in India and in the year 1996, they commissioned their own mini-blast furnace. During the year 1998-99, the company expanded the production capacity of DI Pipes by 30000 tpa to 90000 tpa and Cast Iron Spun Pipes by 25000 tpa to 75000 tpa. During the year 1999-2000, they further increased the production capacity of DI Pipes by 30000 tpa to 120000 tpa. During the year 2000-01, the company increased the production capacity of DI Pipes by 30000 tpa to 150000 tpa and Mini Blast Furnace by 91000 to 200000 tpa. They further increased the production capacity of DI Pipes by 50000 in the year 2003 and 2006. Thus, the total production capacity increased to 250000 tpa. In December 24, 2001, the company entered the European market by incorporating a subsidiary, Electrosteel Europe SA in France. In March 2002, they entered into a strategic alliance with the promoters of Lance Group by which the company became involved in the management of Lance Industries Ltd and Lanco Kalahasthi Casting Ltd. Calcutta Steel Company Ltd was amalgamated with the company with effect from May 23, 2002. In February 2005, the company commissioned their 12 MW Power Plant at Haldia, which generates power using waste gas of Coke Oven Plant and Sponge Iron Plant. During the year 2006-07, they commissioned Pulverized Coal Injection System in Blast Furnace and Stamp Charging System in Coke Oven Plant at Khardah. During the year 2007-08, the company signed the mining lease agreement with the Government of Jharkhand for Coking Coal mine in Jharia Coalfield. They installed a Sinter Plant and a 33 KV sub-station. Engineering Exports Promotion Council, Eastern Region presented the Export Excellence Award to the company for the outstanding contribution in exports made during 2005-06. Also, Kolkata Port Trust awarded the certificate of Excellence in recognition of the tendering highest number of containers for the year 2006-07. The company plans to install a 12 MW power plant at Haldia, which will produce power from water from waste heat gas from coke oven batteries. They plan to construct a railway siding at Haldia to create facility for smooth movement of materials form the forthcoming coal mine at Parbatpur, Jharkhand and iron ore mine at Kodalibad, Jharkhand. They are also acquiring two wagon rakes under the Indian Railway`s Wagon Investment Scheme (WIS) to part solve the logistics problem. The Company commissioned railway siding at Barajamda in April 2012. M/s. Electrosteel Bahrain Holding S.P.C. Company, Bahrain was incorporated as Subsidiary of the Company and M/s. Singardo International Pte. Ltd. Singapore ceased to be the Subsidiary during the year 2014-15. During the year 2018-19, Electrosteel Steels Limited ceased to be an Associate Company of the Company, with effect from 6 June 2018. During the year 2019-20, National Company Law Tribunal, Cuttack Bench, vide its order dated 2 September, 2019, approved Scheme of Amalgamation of Mahadev Vyapaar Pvt Ltd, wholly owned subsidiary, w.e.f. 1 April, 2014, with the Company, which got amalgamated with the Company. Subsequently, Mahadev Vyapaar Pvt Ltd has ceased to be a subsidiary of the Company. Electrosteel Thermal Power Limited ceased to be an Associate Company of the Company, with effect from 1 August, 2019. The Company commissioned Ferro Alloy Manufacturing Plant at Haldia in July 2019-20. The Amalgamation of Srikalahasthi Pipes Limited (SPL) with the Company was approved by the Board of Directors of the respective Companies on 5 October, 2020 with Appointed Date of 1 October, 2020. The National Company Law Tribunal (NCLT), Amravati had approved the said amalgamation vide its orders dated 22 November, 2021 and 14 December, 2021. The said amalgamation was also approved by the NCLT Cuttack vide its order dated 09 December, 2021. Consequent to the approval of the Scheme, SPL amalgamated with the Company and has ceased to be a a Subsidiary Company effective from 31 December, 2021. During the year 2021-22, in addition to existing 12 MW Captive Power Plant, 7.5 MW capacity Captive Power Plant was commissioned, at Srikalahasthi Unit, which is also being operated using the generation of steam from the waste gases of Coke Oven Plant. The new Power Plant has stabilized its operations and started generating 3.50 MW - 4 MW power on an average from August, 2022. Ferro Alloys Manufacturing facility was commissioned at Srikalahasthi in 2022.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500128
NSE Code : ELECTCAST
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE086A01029

FAQ’s on Electrosteel Castings Ltd Shares

You can buy Electrosteel Castings Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Electrosteel Castings Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:58 PM the closing price of Electrosteel Castings Ltd was Rs.172.11.

The latest PE ratio of Electrosteel Castings Ltd as of Jun 14, 2024 03:58 PM is 13.83

The latest PB ratio of Electrosteel Castings Ltd as of Jun 14, 2024 03:58 PM is 0.50

The 52-week high of Electrosteel Castings Ltd share price is Rs. 208.00 while the 52-week low is Rs. 54.15

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:58 PM, the market cap of Electrosteel Castings Ltd stood at Rs. 10,639.58.

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