ELECTROSTEEL CASTINGS LTD
Snapshot
What the business is, and whether it's a good one at a fair price.
Makes Ductile Iron (DI) pipes used in water supply, sewerage and irrigation networks, primarily serving India's Jal Jeevan Mission (JJM) and other government water infrastructure programmes. FY26 sales volume fell 25% year-on-year to 5.84 lakh tons after a freeze in JJM fund disbursements, dragging Q4 standalone to a ₹10.7 crore loss. Exports grew 7% year-on-year and contributed about 23% of Q4 revenue, with the Middle East accounting for roughly half of export sales. The company holds a 20-25% share of the domestic DI pipe market and is running at 50% capacity utilisation, which management describes as a cyclical trough. Government approval of Jal Jeevan Mission 2.0 — with an ₹8.69 lakh crore outlay through December 2028 — is the main stated demand catalyst. Diversification moves include the acquisition of Italy-based T.I.S. Service for valve manufacturing and a planned entry into industrial paints and protective coatings.
Scorecard
Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice
Strengths
Concerns
Charts
How has the market priced it — with filings on the timeline?
ELECTCAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
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Financials
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from ELECTROSTEEL CASTINGS LTD's filed financials and exchange disclosures
What does ELECTROSTEEL CASTINGS LTD do?
ELECTROSTEEL CASTINGS LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol ELECTCAST.
Is ELECTROSTEEL CASTINGS LTD profitable?
Yes. Over the trailing twelve months ELECTROSTEEL CASTINGS LTD reported a net profit of ₹121 Cr on revenue of ₹5,786 Cr.
Does ELECTROSTEEL CASTINGS LTD pay a dividend?
Yes. The dividend yield is 2.10% at the current price. It paid out 54% of its profit as dividend in FY26.
Is ELECTROSTEEL CASTINGS LTD debt-free?
No. It reported borrowings of ₹1,513 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1,218 Cr after cash. Debt stands at 0.26× equity. That is higher than 58% of its 101 Iron & Steel Products peers.
Is ELECTROSTEEL CASTINGS LTD expensive compared with its peers?
On trailing P/E, ELECTROSTEEL CASTINGS LTD ranks 82 of 105 in Iron & Steel Products — cheaper than 22% of them, against an industry median of 15.6×. This is a position, not a valuation judgement.
How much does the ELECTROSTEEL CASTINGS LTD share price move in a day?
On a typical session ELECTROSTEEL CASTINGS LTD moves 1.58% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.
Where can I track ELECTROSTEEL CASTINGS LTD's announcements?
Every NSE and BSE filing by ELECTROSTEEL CASTINGS 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.