ELECTROSTEEL CASTINGS LTD Valuation

ELECTCAST · Capital Goods · Current price ₹83.77

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DocStoX fair value
₹83
high confidence
Current price
₹84
Upside
-0.8%
P/E ratio
32.1x
P/B ratio
0.8x
Verdict
Expensive
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Is ELECTROSTEEL CASTINGS LTD undervalued?

DocStoX estimates the fair value of ELECTROSTEEL CASTINGS LTD at ₹83 per share, versus the current market price of ₹84. That puts the stock about -0.8% above our fair-value estimate, which we read as "Expensive". Our confidence in this estimate is high.

How this fair value is calculated

This estimate blends 4 independent methods: Residual income (₹85), Relative P/E (₹92), Graham floor (₹75), Analyst target (₹76). We weight each by its reliability and skip any method whose inputs look untrustworthy — "no DCF beats a wrong DCF". This is the same deterministic engine that powers DocStoX stock pages; there is no guesswork or AI-generated number here.

Bear, base and bull scenarios

Our scenarios span ₹71 (bear) to ₹83 (base) to ₹96 (bull). A margin of safety means buying meaningfully below the base case — the wider the gap, the more room for error in the assumptions.

Valuation multiples

ELECTROSTEEL CASTINGS LTD trades at a P/E of 32.1x and a P/B of 0.8x, with a dividend yield of 1.1%. Multiples are most useful compared against the company's own history and its sector peers — see the peer comparison for context.

Understand the ratios

P/E RatioP/B RatioPEG RatioEarnings Yield

More on ELECTROSTEEL CASTINGS LTD

Fair ValueIntrinsic ValueDCFFinancial RatiosPeers

DocStoX estimates are generated by a deterministic valuation engine from reported financials — for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.