BSE:500128

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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 Analysis

Solid track record and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 500128's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.8%

500128

0.8%

IN Building

1.8%

IN Market


1 Year Return

-53.1%

500128

-39.6%

IN Building

-23.7%

IN Market

Return vs Industry: 500128 underperformed the Indian Building industry which returned -39.6% over the past year.

Return vs Market: 500128 underperformed the Indian Market which returned -23.7% over the past year.


Shareholder returns

500128IndustryMarket
7 Day-0.8%0.8%1.8%
30 Day-13.9%-8.6%-0.5%
90 Day-40.6%-35.8%-22.2%
1 Year-53.1%-53.1%-37.1%-39.6%-22.2%-23.7%
3 Year-73.2%-74.1%-28.1%-32.5%-12.1%-16.8%
5 Year-45.6%-50.3%25.1%12.4%4.5%-5.7%

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 compared to its fair value and its price relative to the market?

2.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500128 (₹8.91) is trading above our estimate of fair value (₹5.8)

Significantly Below Fair Value: 500128 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500128 is good value based on its PE Ratio (2x) compared to the Building industry average (8.1x).

PE vs Market: 500128 is good value based on its PE Ratio (2x) compared to the Indian market (9.8x).


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 (0.1x) compared to the IN Building industry average (0.6x).


Next Steps

Future Growth

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

13.5%

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.


Next Steps

Past Performance

How has Electrosteel Castings performed over the past 5 years?

40.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500128 has high quality earnings.

Growing Profit Margin: 500128's current net profit margins (6.2%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: 500128 has become profitable over the past 5 years, growing earnings by 40.9% per year.

Accelerating Growth: 500128's earnings growth over the past year (188.8%) exceeds its 5-year average (40.9% per year).

Earnings vs Industry: 500128 earnings growth over the past year (188.8%) exceeded the Building industry 1.2%.


Return on Equity

High ROE: 500128's Return on Equity (6.2%) is considered low.


Next Steps

Financial Health

How is Electrosteel Castings's financial position?


Financial Position Analysis

Short Term Liabilities: 500128's short term assets (₹18.0B) exceed its short term liabilities (₹15.6B).

Long Term Liabilities: 500128's short term assets (₹18.0B) exceed its long term liabilities (₹11.2B).


Debt to Equity History and Analysis

Debt Level: 500128's debt to equity ratio (64.8%) is considered high.

Reducing Debt: 500128's debt to equity ratio has reduced from 122.9% to 64.8% over the past 5 years.

Debt Coverage: 500128's debt is not well covered by operating cash flow (5.6%).

Interest Coverage: 500128's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 500128's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 500128's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 500128's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500128's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 500128 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 500128's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Sunil Katial (62yo)

1.33yrs

Tenure

₹3,217,505

Compensation

Mr. Sunil Katial serves as Additional Whole Time Director at Electrosteel Castings Limited since April 1, 2020. He has been Chief Executive Officer of Electrosteel Castings Limited since January 29, 2019.  ...


CEO Compensation Analysis

Compensation vs Market: Sunil's total compensation ($USD42.42K) is about average for companies of similar size in the Indian market ($USD50.17K).

Compensation vs Earnings: Insufficient data to compare Sunil's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Sunil Katial
CEO & Additional Whole Time Director1.33yrs₹3.22mno data
Mayank Kejriwal
Joint MD & Executive Director41.25yrs₹1.31m0.25% 9.8m
Umang Kejriwal
MD & Executive Director45.33yrs₹29.86mno data
Uddhav Kejriwal
Whole Time Director8.83yrs₹12.99m1.11% 42.7m
Mahendra Jalan
Director of International Business & Whole-Time Director10.33yrs₹16.34m0.00040% 15.4k
Nityangi Jaiswal
Executive Director0.25yr₹320.00kno data
Ashutosh Agarwal
CFO & Executive Director0.75yrno datano data
A. Sarkar
Chief Operating Officerno datano datano data
Indranil Mitra
Company Secretary & Compliance Officer0.75yrno datano data

0.8yrs

Average Tenure

63.5yo

Average Age

Experienced Management: 500128's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sunil Katial
CEO & Additional Whole Time Director1.33yrs₹3.22mno data
Mayank Kejriwal
Joint MD & Executive Director41.25yrs₹1.31m0.25% 9.8m
Umang Kejriwal
MD & Executive Director45.33yrs₹29.86mno data
Uddhav Kejriwal
Whole Time Director8.83yrs₹12.99m1.11% 42.7m
Mahendra Jalan
Director of International Business & Whole-Time Director10.33yrs₹16.34m0.00040% 15.4k
Ashutosh Agarwal
CFO & Executive Director0.75yrno datano data
Pradip Khaitan
Independent Chairmanno data₹680.00kno data
Shermadevi Rajagopalan
Non-Independent Non-Executive Director10.33yrs₹580.00k0.0012% 45.5k
Binod Khaitan
Independent Non-Executive Director45.33yrs₹1.00m0.00046% 17.7k
Vyas Ralli
Non-Independent Non-Executive Director4.33yrs₹410.00k0.0011% 44.4k

10.3yrs

Average Tenure

66.5yo

Average Age

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 been diluted in the past year, with total shares outstanding growing by 6.8%.


Top Shareholders

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: ₹3.858b
  • 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

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 and spigot pipes with push-on joints and DI flanged pipes; and DI fittings, including various socketed 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. It also provides technical services and after sales services of laid pipelines, such as pipeline fault diagnosis, rehabilitation, and minor repairs, as well as undertakes turnkey contracts. The company was formerly known as Dalmia Iron and Steel Ltd. Electrosteel Castings Limited was founded in 1955 and is headquartered in Kolkata, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 12:52
End of Day Share Price2020/05/26 00:00
Earnings2019/12/31
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.