Electrosteel Castings Limited

Electrosteel Castings Limited (ELECTCAST) is a micro-cap Capital Goods company valued at ₹4,736 crore operating in Iron & Steel Products on the NSE and BSE.

Recent price move

Electrosteel Castings Limited last traded at ₹77.1, modestly up 1.02% on the day.

Recent developments

On 2026-06-30, the company announced a dividend of ₹0.90 per share, with an ex-date of 2026-08-14. Promoter holding remained at 50.13%, but 10.54% of promoter shares were pledged. Foreign institutional holding decreased by 2.93 percentage points to 12.80%, while domestic institutional holding increased by 0.13 percentage points to 0.36%.

Financial performance

The company's business has deteriorated significantly, with annual revenue falling 19.2% and annual net profit plunging 77.3%. The latest quarter shows revenue declining 8.5% year-on-year and net profit dropping 45.7% compared to the same quarter a year earlier. Margins have collapsed, with the net profit margin falling 7.0 percentage points to 2.7%, and returns remain extremely weak, with return on equity and return on capital employed at 2.7% and 4.8% respectively.

Valuation multiples

The stock trades at 29.5 times earnings, 0.84 times book value. It yields 1.1%.

Things to watch

The company has posted a net profit loss in the latest quarter and continues to struggle with profitability, with net profit margin at 2.7%. Return on equity is extremely low at 2.7%, and the company's revenue has declined for three consecutive quarters. Promoter shares pledged amount to 10.54% of promoter holding, and the stock is 24.7% below its 52-week high.

Where it stands

Electrosteel Castings Ltd has seen its business contract sharply, with revenue and profit declining across all timeframes. The latest quarter shows a steep drop in net profit, and the stock remains far below its 52-week high. The company's return on equity and return on capital employed are among the lowest in the sector, and promoter shares pledged raise concerns about liquidity.

Summarised by DocStoX's model on 2026-10-03 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.