Electrosteel Castings Ltd.
Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, ductile iron fittings (DIF) and accessories, and cast iron (CI) pipes in India and internationally. The company offers ductile iron pipes and fittings which are used in various applications, including raw and clear water transmission, distribution network of potable water, water supply for industrial/process plants, ash-slurry handling and disposal systems, on-shore and off-shore fire-fighting systems, desalination plants, sewerage and waste water force mains, gravity sewerage collection and disposal systems, storm water drainage piping, domestic and industrial disposal systems, recycling systems, piping work in water and sewage treatment plants, vertical connection to utilities and reservoirs, piling for ground stabilization, trenchless application, and protective piping under carriageways; ductile iron flange pipes used for temporary, over-ground and exposed installations, vertical pipelines, interconnection and connection for accessories, and as a restrained joint application; and ductile iron restrained joint pipes. It also provides cast iron pipes, metallurgical coke, sinter, sponge iron, ferro silicon, pig iron, low ash metallurgical coke, and silico manganese ferro alloy. In addition, the company offers cement under the brand name of SPL GOLD. The company was formerly known as Dalmia Iron and Steel Ltd. Electrosteel Castings Limited was incorporated in 1955 and is based in Kolkata, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Jun has averaged the highest return (+11.8%); Feb the lowest (-10.7%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.1%Negative MonthJan 2026: -9.11% | -3.0%Negative MonthFeb 2026: -3.03% | +6.6%Positive MonthMar 2026: +6.56% | +11.4%Positive MonthApr 2026: +11.40% | -5.6%Negative MonthMay 2026: -5.61% | +3.5%Positive MonthJun 2026: +3.47% | -11.6%Negative MonthJul 2026: -11.65% | +9.8%*Positive MonthAug 2026: +9.76% | β | β | β | β |
| 2025 | -7.8%Negative MonthJan 2025: -7.83% | -27.6%Negative MonthFeb 2025: -27.64% | +5.9%Positive MonthMar 2025: +5.91% | -1.6%Neutral MonthApr 2025: -1.62% | +6.0%Positive MonthMay 2025: +5.98% | +28.3%Positive MonthJun 2025: +28.33% | -15.7%Negative MonthJul 2025: -15.67% | -12.1%Negative MonthAug 2025: -12.13% | -4.0%Negative MonthSep 2025: -4.04% | -2.3%Negative MonthOct 2025: -2.34% | -18.9%Negative MonthNov 2025: -18.86% | +5.8%Positive MonthDec 2025: +5.79% |
| 2024 | +57.8%Positive MonthJan 2024: +57.83% | -8.4%Negative MonthFeb 2024: -8.43% | +11.3%Positive MonthMar 2024: +11.33% | +7.7%Positive MonthApr 2024: +7.65% | -16.2%Negative MonthMay 2024: -16.17% | +7.8%Positive MonthJun 2024: +7.83% | +24.9%Positive MonthJul 2024: +24.95% | -1.3%Neutral MonthAug 2024: -1.29% | -1.2%Neutral MonthSep 2024: -1.19% | -21.9%Negative MonthOct 2024: -21.89% | -7.7%Negative MonthNov 2024: -7.66% | -8.8%Negative MonthDec 2024: -8.78% |
| 2023 | -3.5%Negative MonthJan 2023: -3.52% | -8.8%Negative MonthFeb 2023: -8.78% | -4.8%Negative MonthMar 2023: -4.83% | +18.1%Positive MonthApr 2023: +18.09% | +23.5%Positive MonthMay 2023: +23.49% | +27.5%Positive MonthJun 2023: +27.54% | -1.9%Neutral MonthJul 2023: -1.86% | +17.2%Positive MonthAug 2023: +17.16% | +3.7%Positive MonthSep 2023: +3.68% | +18.9%Positive MonthOct 2023: +18.93% | +38.2%Positive MonthNov 2023: +38.17% | -5.3%Negative MonthDec 2023: -5.28% |
| 2022 | +9.4%Positive MonthJan 2022: +9.38% | -5.4%Negative MonthFeb 2022: -5.42% | +5.3%Positive MonthMar 2022: +5.33% | -3.8%Negative MonthApr 2022: -3.80% | -7.8%Negative MonthMay 2022: -7.76% | -11.3%Negative MonthJun 2022: -11.27% | +15.8%Positive MonthJul 2022: +15.76% | +2.8%Positive MonthAug 2022: +2.78% | -1.5%Neutral MonthSep 2022: -1.49% | +10.2%Positive MonthOct 2022: +10.15% | -1.0%Neutral MonthNov 2022: -1.00% | -3.5%Negative MonthDec 2022: -3.52% |
| 2021 | β | β | β | β | β | +15.2%Positive MonthJun 2021: +15.17% | +3.4%Positive MonthJul 2021: +3.36% | -7.5%Negative MonthAug 2021: -7.54% | +4.4%Positive MonthSep 2021: +4.36% | -8.5%Negative MonthOct 2021: -8.49% | -6.6%Negative MonthNov 2021: -6.63% | +14.4%Positive MonthDec 2021: +14.35% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ6.75 K Cr | β | βΉ712.00 Cr | β | β | 12.6% | -2.8% | -3.3% |
| Mar 2024 | βΉ6.94 K Cr | β | βΉ736.00 Cr | β | β | 14.7% | 0.3% | 119.7% |
| Mar 2023 | βΉ6.92 K Cr | β | βΉ335.00 Cr | β | β | 7.8% | 37.9% | 2.8% |
| Mar 2022 | βΉ5.01 K Cr | β | βΉ326.00 Cr | β | β | 8.2% | 63.0% | 148.9% |
| Mar 2021 | βΉ3.08 K Cr | β | βΉ131.00 Cr | β | β | 3.6% | 24.0% | 32.3% |
| Mar 2020 | βΉ2.48 K Cr | β | βΉ99.00 Cr | β | β | 3.9% | 3.7% | -115.6% |
| Mar 2019 | βΉ2.39 K Cr | β | βΉ-636.00 | β | β | -26.7% | 18.3% | -1453.2% |
| Mar 2018 | βΉ2.02 K Cr | β | βΉ47.00 Cr | β | β | 1.6% | 12.7% | -39.0% |
| Mar 2017 | βΉ1.79 K Cr | β | βΉ77.00 Cr | β | β | 2.7% | -11.0% | 37.5% |
| Mar 2016 | βΉ2.02 K Cr | β | βΉ56.00 Cr | β | β | 2.0% | -6.4% | -23.3% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 2,187 | 2,154 | 2,016 | 1,794 | 2,021 | 2,391 | 2,480 | 3,076 | 5,015 | 6,916 | 6,938 | 6,746 | 5,816 |
| Total Expenses | 1,881 | 1,875 | 1,730 | 1,552 | 1,796 | 2,041 | 2,123 | 2,686 | 4,374 | 6,185 | 5,772 | 5,710 | 5,133 |
| EBIT / Operating Profit | 306 | 278 | 286 | 242 | 225 | 350 | 357 | 389 | 641 | 731 | 1,166 | 1,035 | 683 |
| OPM % | 14% | 13% | 14% | 13% | 11% | 15% | 14% | 13% | 13% | 11% | 17% | 15% | 12% |
| Other Income | 19 | 31 | 20 | 132 | 80 | -729 | 40 | 60 | 76 | 88 | 80 | 81 | 169 |
| Finance Costs | 136 | 145 | 169 | 201 | 202 | 225 | 220 | 199 | 185 | 272 | 202 | 142 | 137 |
| Depreciation & Amortisation | 53 | 67 | 65 | 64 | 59 | 55 | 53 | 79 | 113 | 114 | 114 | 127 | 140 |
| Profit Before Tax | 136 | 96 | 72 | 108 | 44 | -659 | 124 | 172 | 419 | 433 | 930 | 847 | 575 |
| Tax % | 26% | 25% | 22% | 29% | -8% | -4% | 20% | 24% | 22% | 23% | 21% | 16% | - |
| Net Profit / PAT | 101 | 73 | 56 | 77 | 47 | -636 | 99 | 131 | 326 | 335 | 736 | 712 | 510 |
| EPS (βΉ) | 2.92 | 2.04 | 1.57 | 2.16 | 1.32 | -15.68 | 2.28 | 3.02 | 5.48 | 5.63 | 11.91 | 11.52 | 8.25 |
| Dividend Payout % | 22% | 32% | 32% | 23% | 23% | 0% | 13% | 8% | 15% | 16% | 12% | 12% | - |
Peer Comparison
Materials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Electrosteel Castings Ltd.this co. | βΉ4.35 K Cr | βΉ6.75 K Cr | 8.53 | 0.76 | 4.44 | -2.8% |
| UltraTech Cement Ltd | βΉ3.55 L Cr | βΉ71.89 K Cr | 48.60 | 5.02 | 27.23 | 4.7% |
| JSW Steel Limited | βΉ2.88 L Cr | βΉ1.28 L Cr | 38.00 | 3.45 | 14.23 | -5.5% |
| Asian Paints Ltd. | βΉ2.77 L Cr | βΉ29.55 K Cr | 69.60 | 14.50 | 35.04 | -5.4% |
| Hindustan Zinc Ltd. | βΉ2.66 L Cr | βΉ33.97 K Cr | 25.50 | 19.57 | 18.58 | 17.4% |
| Coal India Limited | βΉ2.64 L Cr | βΉ1.59 K Cr | 12.40 | 13.24 | 16.33 | 5.1% |
| Vedanta Limited | βΉ2.49 L Cr | βΉ74.30 K Cr | 26.50 | 3.37 | 12.82 | 5.0% |
| Industry Average | β | βΉ10.75 K Cr | 47.54 | 5.23 | 30.19 | 121.8% |
