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EAST COAST STEEL LTD.

Capital Goods › Industrial Products
₹15.60
at close · 27 Oct 2026
▼ 0.80 (-4.88%)

Latest filings

  1. Routine demat confirmation certificate for Q2 FY27 · Compliance
  2. 43rd AGM voting results announced - both resolutions passed · Board & Shareholder Meetings
  3. AGM voting results: 2 resolutions passed at 43rd AGM on Sep 28 · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Has not manufactured anything since April 1995 and disposed of its plant land in 2020, and now operates solely as a trader of iron and steel products. Trading activity effectively collapsed in FY26 — revenue from operations for the nine months ended December 2025 was Rs 0.85 lakh against Rs 1,272.20 lakh a year earlier, with Q2 and Q3 FY26 both posting essentially zero operating revenue, and the bulk of FY26's Rs 1,681.87 lakhs of operating revenue landing in Q4 FY26 alone. The reported FY26 net profit of Rs 57.67 lakhs (turning around from a Rs 15.32 lakh loss in FY25) came almost entirely from other income of Rs 174.62 lakhs rather than steel trading. Operating cash flow was negative at Rs 1,464.09 lakhs for the year, and short-term borrowings rose to Rs 455.61 lakh from Rs 255.41 lakh as of March 2025. Employee costs at 2.6% of revenue and other operating expenses at 7.9% of revenue make up the bulk of the cost base, with no spend on materials, depreciation or capex. Ongoing NCLT/NCLAT insolvency proceedings filed by M.B. Gupta HUF and Suresh Kumar Jalan remain unresolved, and an NCLT Chennai order on 18 September 2025 went in the company's favour in one of those matters.

Operating scale
Manufacturing status
Ceased since April 1995; plant land disposed in 2020
9M FY26 revenue from operations
Rs 0.85 lakh (vs Rs 1,272.20 lakh in 9M FY25)9M FY26
Q4 FY26 total income
Rs 1,737.64 lakhs (vs Rs 346.94 lakhs in Q4 FY25)Q4 FY26
Other income
Rs 174.62 lakhs (vs Rs 67.52 lakhs in FY25)FY26
Short-term borrowings
Rs 455.61 lakh (vs Rs 255.41 lakh as of March 2025)H1 FY26
Promoter holding
20.00% (10,79,316 shares; Anagha Enterprises 18.12%)FY26
Who pays it
Industrial buyers of iron and steel products; trading volume was minimal through most of FY26.
Biggest cost
Employee cost at 2.6% of revenue plus other operating expenses at 7.9%; no material input costs.
Kind of business
Dormant trading shell — no manufacturing since 1995, near-zero trading revenue outside Q4 FY26, profitability driven by other income.
Where it sits
BSE-listed small entity with paid-up capital of Rs 5.40 crore and net worth of Rs 19.75 crore; promoter group holds 20%.
Market Cap
₹8 Cr
P / E (TTM)
11.0×
EV / EBITDA
10.3×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT -56.1% · EBITDA -55.4%
Quality
1.8%·
ROCE (5y median)
ROE -0.2% (5y median) · margin 4.4%
Leverage
0.24·
Debt / Equity · low
Net debt ₹3.55 Cr
Cash conversion
-26.26×▼
Operating cash ÷ profit · 5 yrs
₹-23 Cr on ₹1 Cr
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#35/105
P/B#12/101
ROCE#83/115
ROE#79/103
Debt / Equity#57/101
EBITDA margin#86/100
Revenue growth#1/97
Profit growth#22/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Profit shrinking over 5 years (−56% a year)
Erratic profits — up in only 2 of the last 5 years
Returns on capital 1.8% (5-year median)
#83 of 115 in Iron & Steel Products on the latest reported figures · down from 218.0% in FY21
Over 5 years it reported ₹0.87 Cr of profit and an operating cash outflow of ₹23 Cr — -26.26×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 344 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from EAST COAST STEEL LTD.'s filed financials and exchange disclosures

What does EAST COAST STEEL LTD. do?

EAST COAST STEEL LTD. is a Industrial Products company listed on BSE.

Is EAST COAST STEEL LTD. profitable?

Yes. Over the trailing twelve months EAST COAST STEEL LTD. reported a net profit of ₹0.77 Cr on revenue of ₹33 Cr.

Does EAST COAST STEEL LTD. pay a dividend?

Not in the latest reported year — EAST COAST STEEL LTD.'s dividend payout for FY26 was nil.

Is EAST COAST STEEL LTD. debt-free?

No. It reported borrowings of ₹4.67 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹3.55 Cr after cash. Debt stands at 0.24× equity. That is higher than 56% of its 101 Iron & Steel Products peers.

Is EAST COAST STEEL LTD. expensive compared with its peers?

On trailing P/E, EAST COAST STEEL LTD. ranks 35 of 105 in Iron & Steel Products — cheaper than 67% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

Where can I track EAST COAST STEEL LTD.'s announcements?

Every NSE and BSE filing by EAST COAST STEEL LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.