BSE:500128

Stock Analysis Report

Electrosteel Castings

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Risks

  • Electrosteel Castings has significant price volatility in the past 3 months.
  • Electrosteel Castings is not covered by any analysts.

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Share Price & News

How has Electrosteel Castings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.1%

BSE:500128

-1.3%

IN Building

-0.7%

IN Market


1 Year Return

-31.7%

BSE:500128

-12.8%

IN Building

-12.1%

IN Market

500128 underperformed the Building industry which returned -13% over the past year.

500128 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

500128IndustryMarket
7 Day0.1%-1.3%-0.7%
30 Day-1.6%-8.3%-4.6%
90 Day-14.1%-10.8%-4.3%
1 Year-30.7%-31.7%-12.3%-12.8%-10.3%-12.1%
3 Year-29.1%-32.8%16.3%14.2%18.9%12.8%
5 Year-43.8%-48.6%84.7%78.5%37.6%24.7%

Price Volatility Vs. Market

How volatile is Electrosteel Castings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Electrosteel Castings undervalued based on future cash flows and its price relative to the stock market?

18.88x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Electrosteel Castings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Electrosteel Castings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Electrosteel Castings is overvalued based on earnings compared to the IN Building industry average.

Electrosteel Castings is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Electrosteel Castings, we can't assess if its growth is good value.


Price Based on Value of Assets

Electrosteel Castings is good value based on assets compared to the IN Building industry average.


Next Steps

Future Growth

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

29.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Electrosteel Castings is high growth as no revenue estimate data is available.

Electrosteel Castings's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Electrosteel Castings's revenue growth to the India market average as no estimate data is available.

Electrosteel Castings's earnings growth is expected to exceed the India market average.

Electrosteel Castings's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Electrosteel Castings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Electrosteel Castings performed over the past 5 years?

40.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Electrosteel Castings has delivered over 20% year on year earnings growth in the past 5 years.

Electrosteel Castings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Electrosteel Castings's 1-year earnings growth is negative, it can't be compared to the IN Building industry average.


Return on Equity

Electrosteel Castings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Electrosteel Castings used its assets less efficiently than the IN Building industry average last year based on Return on Assets.


Return on Capital Employed

Electrosteel Castings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Electrosteel Castings's financial position?


Financial Position Analysis

Electrosteel Castings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Electrosteel Castings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Electrosteel Castings's level of debt (60.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (118.9% vs 60.9% today).

Debt is well covered by operating cash flow (29%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

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

2.01%

Current Dividend Yield


Dividend Yield and Payments Analysis

Electrosteel Castings's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

Electrosteel Castings's dividend is below the markets top 25% of dividend payers in India (2.52%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Electrosteel Castings's salary, the management and board of directors tenure and is there insider trading?

9.6yrs

Average board tenure


CEO

Sunil Katial (62yo)

0.6yrs

Tenure

Mr. Sunil Katial has been Chief Executive Officer of Electrosteel Castings Limited since January 29, 2019. He serves as Executive Director of Works at Lloyds Steel Industries Limited. Mr. Katial was the Ch ...


Board Age and Tenure

9.6yrs

Average Tenure

67yo

Average Age

The tenure for the Electrosteel Castings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


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Ownership Breakdown


Management Team

  • Uddhav Kejriwal (41yo)

    Whole Time Director

    • Compensation: 10.65m
  • Mayank Kejriwal (65yo)

    Joint MD & Executive Director

    • Tenure: 12.6yrs
    • Compensation: 2.00m
  • A. Sarkar (75yo)

    Chief Operating Officer

  • Mahendra Jalan (67yo)

    Director of International Business & Whole-Time Director

    • Compensation: 15.77m
  • Ashutosh Agarwal (54yo)

    CFO & Executive Director

  • Umang Kejriwal (66yo)

    MD & Executive Director

    • Compensation: 24.16m
  • Sunil Katial (62yo)

    Chief Executive Officer

    • Tenure: 0.6yrs
  • lndranil Mitra

    Company Secretary & Compliance Officer


Board Members

  • Umang Kejriwal (66yo)

    MD & Executive Director

    • Tenure: 44.6yrs
    • Compensation: 24.16m
  • Vyas Ralli (73yo)

    Non-Independent Non-Executive Director

    • Tenure: 3.6yrs
    • Compensation: 810.00k
  • Ram Agarwal (67yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: 1.71m
  • Mayank Kejriwal (65yo)

    Joint MD & Executive Director

    • Tenure: 42.6yrs
    • Compensation: 2.00m
  • Shermadevi Rajagopalan (85yo)

    Non-Independent Non-Executive Director

    • Tenure: 9.6yrs
    • Compensation: 940.00k
  • Ashutosh Agarwal (54yo)

    CFO & Executive Director

  • Uddhav Kejriwal (41yo)

    Whole Time Director

    • Tenure: 8.1yrs
    • Compensation: 10.65m
  • Pinto Khaitan (78yo)

    Chairman

    • Compensation: 1.03m
  • Binod Khaitan (75yo)

    Independent Non-Executive Director

    • Tenure: 44.6yrs
    • Compensation: 1.23m
  • Mahendra Jalan (67yo)

    Director of International Business & Whole-Time Director

    • Tenure: 9.6yrs
    • Compensation: 15.77m

Company Information

Electrosteel Castings Limited's company bio, 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: ₹6.062b
  • Shares outstanding: 405.48m
  • Website: Click here

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500128BSE (Mumbai Stock Exchange)YesEquity SharesININROct 1996
ELECTCASTNSEI (National Stock Exchange of India)YesEquity SharesININROct 1996

Biography

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 an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:45
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.