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Electrosteel CastingsBSE:500128 Stock Report

Market Cap

₹15.7b

7D

-1.4%

1Y

101.7%

Updated

17 Oct, 2021

Data

Company Financials
500128 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends1/6

500128 Overview

Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, DI fittings and accessories, and cast iron (CI) pipes in India and internationally.

Electrosteel Castings Competitors

Kubota

TSE:6326

JP¥2.9t

JSW Steel

BSE:500228

₹1.7t

Price History & Performance

Summary of all time highs, changes and price drops for Electrosteel Castings
Historical stock prices
Current Share Price₹36.30
52 Week High₹17.90
52 Week Low₹44.20
Beta1.02
1 Month Change-6.08%
3 Month Change-1.89%
1 Year Change101.67%
3 Year Change91.05%
5 Year Change29.41%
Change since IPO1,749.68%

Recent News & Updates

Shareholder Returns

500128IN BuildingIN Market
7D-1.4%3.1%2.3%
1Y101.7%145.5%68.3%

Return vs Industry: 500128 underperformed the Indian Building industry which returned 148.1% over the past year.

Return vs Market: 500128 exceeded the Indian Market which returned 68.3% over the past year.

Price Volatility

Is 500128's price volatile compared to industry and market?
500128 volatility
500128 Beta1.02
Industry Beta0.72
Market Beta1

Stable Share Price: 500128 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 500128's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19551,520Sunil Katialhttps://www.electrosteelcastings.com

Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, DI fittings and accessories, and cast iron (CI) pipes in India and internationally. It offers DI pipes, such as DI socket and spigot pipes with push-on joints and DI flanged pipes; and DI fittings, including various socketted DI fittings with push-on joints, various flanged DI fittings, DI fittings with push-on type restrained joints, DI mechanical joint fittings with rubber gaskets and follower glands, and fabricated and custom made DI fittings. The company’s DI pipes 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 firefighting 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; and protective piping under carriage-ways.

Electrosteel Castings Fundamentals Summary

How do Electrosteel Castings's earnings and revenue compare to its market cap?
500128 fundamental statistics
Market Cap₹15.72b
Earnings (TTM)-₹626.04m
Revenue (TTM)₹42.38b

0.4x

P/S Ratio

-25.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500128 income statement (TTM)
Revenue₹42.38b
Cost of Revenue₹19.84b
Gross Profit₹22.53b
Expenses₹23.16b
Earnings-₹626.04m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.45
Gross Margin53.17%
Net Profit Margin-1.48%
Debt/Equity Ratio56.9%

How did 500128 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

-17%

Payout Ratio

Valuation

Is Electrosteel Castings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 500128 (₹36.3) is trading below our estimate of fair value (₹94.93)

Significantly Below Fair Value: 500128 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 500128 is unprofitable, so we can't compare its PE Ratio to the Indian Building industry average.

PE vs Market: 500128 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500128's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500128 is good value based on its PB Ratio (0.5x) compared to the IN Building industry average (2x).


Future Growth

How is Electrosteel Castings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.4%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Electrosteel Castings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Electrosteel Castings performed over the past 5 years?

-55.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500128 is currently unprofitable.

Growing Profit Margin: 500128 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 500128 is unprofitable, and losses have increased over the past 5 years at a rate of 55.6% per year.

Accelerating Growth: Unable to compare 500128's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 500128 is unprofitable, making it difficult to compare its past year earnings growth to the Building industry (113.4%).


Return on Equity

High ROE: 500128 has a negative Return on Equity (0.42%), as it is currently unprofitable.


Financial Health

How is Electrosteel Castings's financial position?


Financial Position Analysis

Short Term Liabilities: 500128's short term assets (₹30.3B) exceed its short term liabilities (₹20.7B).

Long Term Liabilities: 500128's short term assets (₹30.3B) exceed its long term liabilities (₹13.5B).


Debt to Equity History and Analysis

Debt Level: 500128's debt to equity ratio (56.9%) is considered high.

Reducing Debt: 500128's debt to equity ratio has reduced from 88.3% to 56.9% over the past 5 years.

Debt Coverage: 500128's debt is well covered by operating cash flow (21.7%).

Interest Coverage: 500128's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Dividend

What is Electrosteel Castings's current dividend yield, its reliability and sustainability?

0.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500128's dividend (0.69%) is higher than the bottom 25% of dividend payers in the Indian market (0.33%).

High Dividend: 500128's dividend (0.69%) is low compared to the top 25% of dividend payers in the Indian market (1.35%).


Stability and Growth of Payments

Stable Dividend: 500128's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500128's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 500128 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Sunil Katial (64 yo)

2.75yrs

Tenure

₹20,228,338

Compensation

Mr. Sunil Katial serves as Whole Time Director at Electrosteel Castings Limited since April 1, 2020 and as its Chief Executive Officer since January 29, 2019. He serves as Executive Director of Works at Ut...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Sunil's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Sunil's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 500128's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: 500128's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Electrosteel Castings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Electrosteel Castings Limited
  • Ticker: 500128
  • Exchange: BSE
  • Founded: 1955
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₹15.716b
  • Shares outstanding: 432.95m
  • Website: https://www.electrosteelcastings.com

Number of Employees


Location

  • Electrosteel Castings Limited
  • G.K. Tower
  • 19 Camac Street
  • Kolkata
  • West Bengal
  • 700017
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 12:02
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.