Electrosteel Castings Ltd.
Snapshot View

37.00 -0.30 ▼-0.8%

27 July 2021, 04:00:00 P.M.
Volume: 67,357

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Castings/Forgings Compare with Industry peers
Website http://www.electrosteel.com
Financial Indicators
Market Cap 1,614.92 Cr.
Earnings per share (EPS) -3.37 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 28.85 Trailing Twelve Months Ending 2021-03
Book Value / Share 66.26 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.56 Calculated using Price: 37.30
Dividend Yield 0.80 Period Ending 2020-03
No. of Shares Subscribed 43.30 Cr. 432,954,709 Shares
FaceValue 1
Company Profile

Electrosteel Castings (ECL), incorporated in 1955, is engaged manufacturing solutions for water supply and sewerage systems.

Growing from strength to strength over half a century, Electrosteel Castings Limited is inspired by a strong legacy and motivated by the vision to remain world-class through a focus on quality products and quality services. Today the Company is India's leading pipeline solution provider. It has a strong brand presence around the globe and has one prevailing aim - to remain the first choice in the market segment by becoming an international benchmark. An industry pioneer in India, Electrosteel has always remained the distinct choice for water engineers and domain experts in Ductile Iron Pipes and Fittings.

Apart from meeting the growing demand for DI Pipes in India successfully, Electrosteel has established a strong foothold in the international markets. It caters to a large customer base in 35 countries spread across the Indian subcontinent, South East Asia and the Middle East, Europe, USA, South America and Africa. ECL has been certified for ISO 9001: 2000 standard by different bodies such as IRQS and BSI for the manufacture of DI pipes for water, sewerage, gas and ash transportation. Electrosteel has been accorded the status of a three star export house in accordance with the provisions of the exim policy.

The company has clientele in Europe, the Gulf, Southeast Asia and Africa.

In 2011 Electrosteel entered into Joint Venture Agreement (JV) with Dart Energy Ltd.

Products and services

Ductile Iron Pipes- The company is largest manufacturer in India and one of the few manufacturer in the world of ductile iron (“DI”) spun pipes. These pipes have application in transmission of water, gas and industrial effluent, fire- fighting system and many more.

Ductile Iron Fitting- The company is engaged in manufacturing of socket and spigot push-on joints, mechanical flexible joints and flanged joints.

Turnkey Projects- ECL also undertakes infrastructure projects such as municipal water supply pipeline contracts and integrated water supply contracts on EPC (Engineering, Procurement & Construction) basis. Presently the company is involved in contracts located Rajasthan, Jammu & Kashmir, Delhi, MP, Gujarat, Kerala and Karnataka.

Milestones

  • 1994: Set up 60000 TPA Ductile Iron Pipe Plant at Khardah near Kolkata, the first ever in India
  • 1995: Accredited with ISO 9002 from Indian Register Quality System an Accredited body of Raad Voor de Certificate of Netherlands for our ductile Iron pipes.
  • 1996: The Company obtained Kitemark license from British Standard Institute (BSI) for its Dl pipes as per ISO 2531, BS EN 545, BS EN 598.The Company commissioned its own mini-blast furnace with matching capacity for better quality control.
  • 1999: The Company received the ISO-9002 accreditation from BSI for Dl pipes and fittings.
  • 2000: The Company increased its capacity to 120,000 TPA for Dl pipes.The Company obtained Kitemark license from BSI, UK for Dl fittings made at its facilities in Elavur, Chennai as per ISO 2531, BS EN 545, and BS EN 598.
  • 2001: The Company scaled its Dl pipe capacity from 120,000 TPA to 150,000 TPA. Mini Blast Furnace capacity increased from 1,09,000 TPA to 2,00,000 TPA.
  • 2002: The Company acquired 46% stake in Lanco Industries Limited in March 2002, which is involved in manufacturing of DI Pipes, Pig Iron, Cement and Castings.
  • 2003: The Company increased its Dl pipe manufacturing capacity from 1,50,000 TPA to 200,000 TPA.   The Company also received BSI Kitemark license for Dl Fittings at Khardah works, West Bengal.
  • 2005: The Company raised USD 40 Million through the issue of Global Depository Receipts (GDRs) in October  2005 and become the first Indian Company to be listed on Professional Securities Market (PSM) of the London Stock Exchange (LSE) in addition to being the first Company to issue GDRs on the PSM.  The Company was accorded Three Star Export House by the JDGFT, Ministry of Commerce and Industry of the Government of India.
  • 2006: The Company increased its Dl pipe manufacturing capacity from 2,00,000 TPA to 2,50,000 TPA and commissioned Coke Oven Plant at Haldia. The Company commissioned 12 MW Power Plant & 30,000 TPA second Kiln Sponge Iron Plant at  Haldia. Mini Blast Furnace capacity increased from 2,00,000 TPA to 2,35,000 TPA. The Company successfully commissioned Pulverized Coal Injection System in Blast Furnace and Stamp. Charging System in Coke Oven Plant at Haldia, which enhanced operational efficiency. We have been allotted an Iron ore mine at Kodolibad, Jharkhand and a non coking coal mine in joint venture at North Dhadhu.
  • 2007: Implemented SAP ERP system hosted in state of the art 1000 square feet Data center connecting all manufacturing plants and sales offices across Indian Geography supporting 350 user base to enable supply chain of the Company.
  • 2008: Tied up US$ 77.50 mn through ECB, commissioned 360,000 TPA sinter plant at Khardah and commissioned a 75,000 TPA coke oven battery at Haldia.
  • 2009: Commissioned fourth coke oven battery resulting in additional capacity of 70,000 TPA of coke, taking the total capacity enhanced to 280,000 TPA and 250,000 TPA respectively

 


 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.80%
1 Week
+3.06%
1 Month
+3.06%
3 Month
+11.78%
6 Month
+74.12%
1 Year
+151.36%
2 Year
+157.84%
5 Year
+70.90%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 1.66 5.29 4.96 7.35 1.77 3.18 2.70 -0.29 3.13
Return on Capital Employed (%) 3.58 6.26 6.52 7.23 5.30 7.06 6.38 4.88 7.61
Return on Assets (%) 0.68 1.88 1.55 2.18 0.65 1.38 1.20 -0.14 1.57

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 1,695 2,226 2,202 2,070 2,491 2,385 2,479 2,636 2,880
Non Curr. Liab. 901 1,272 1,607 1,341 1,617 1,687 1,361 1,312 1,087
Curr. Liab. 1,723 1,580 1,637 1,807 1,600 1,447 1,561 1,473 1,624
Minority Int. 11 9 10 0 0 0 0 1 1
Equity & Liab. 4,330 5,087 5,456 5,218 5,708 5,519 5,401 5,421 5,593
Non Curr. Assets 2,172 3,107 3,474 3,226 3,897 3,561 3,580 3,605 3,690
Curr. Assets 2,158 1,981 1,982 1,992 1,811 1,958 1,821 1,817 1,903
Misc. Exp. not W/O
Total Assets 4,330 5,087 5,456 5,218 5,708 5,519 5,401 5,421 5,593

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 2,102 2,214 2,459 2,402 2,204 2,079 2,263 2,699 2,711
Other Income 74 95 29 62 29 106 86 57 33
Total Income 2,176 2,310 2,488 2,464 2,233 2,185 2,349 2,756 2,744
Total Expenditure -1,997 -2,016 -2,162 -2,093 -1,933 -1,797 -2,012 -2,305 -2,345
PBIDT 179 294 326 371 300 389 337 452 399
Interest -111 -126 -150 -157 -180 -210 -210 -235 -228
Depreciation -57 -56 -56 -71 -67 -67 -62 -59 -57
Taxation 17 -24 -38 -27 -17 -34 1 18 -28
Exceptional Items -184
PAT 29 89 82 116 36 78 66 -8 86

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -255 216 109 443 533 421 450 -46 225
Cash Fr. Inv. 134 -279 -176 -216 71 72 -69 33 -20
Cash Fr. Finan. 120 260 -88 -236 -592 -332 -574 -5 -220
Net Change -2 197 -155 -8 12 162 -193 -18 -16
Cash & Cash Eqvt 81 278 123 114 125 286 93 75 59

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 50.62 50.62 52.22 52.41 52.41 55.19 55.25 55.27 55.29
Public 49.38 49.38 47.78 47.59 47.59 44.81 44.75 44.73 44.71
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 93.24 93.24 84.64 84.34 84.34 80.09 13.66 13.65 13.65

Announcements View Details

Fri, 16 Jul 2021
Shareholding for the Period Ended June 30 2021
Electrosteel Castings Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Thu, 15 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
In accordance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations 2018 on the basis of confirmation received from the Registrar & Share Transfer Agent (RTA) of the Company we hereby certify that for the quarter ended 30 June 2021:

1. The securities comprised in the certificates received for dematerialisation have been listed on the stock exchanges where the earlier issued securities were listed; and

2. The said certificates have been mutilated and cancelled after due verification and the name of depository has been substituted in RTAs records as the registered owners.
Fri, 09 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0330
Name of the Signatory :- Indranil Mitra
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

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