ELECTROSTEEL CASTINGS Ltd (ELECTCAST) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+3.44%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 12.8%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 3.0%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹69.14

200-Day DMA ● Overlay

₹64.13

14-Day RSI ● Overlay

64 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹4,614 Cr

Small cap

Stock P/E (TTM) Valuation

29.1x

Price / EPS

Book Value (₹) Assets

₹95.8

P/B: 0.8x

ROE (%) Quality

3.0%

Net Profit / Equity

ROCE (%) Efficiency

5.0%

EBIT / Capital

Dividend Yield Yield

1.21%

Face Value: ₹10

Debt / Equity Solvency

0.26x

Manageable

EPS (TTM) Per Share

₹2.56

Trailing 12M

OPM (%) Spread

5.0%

EBITDA Margin

Free Cash Flow Cash

₹1,041 Cr

CFO - Capex

About ELECTROSTEEL CASTINGS Ltd

ELECTROSTEEL CASTINGS Ltd (ELECTCAST) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 3.6% × Turnover: 0.85x × Leverage: 1.26x = ROE: 3.04%

✓ Company Strengths (Pros)

• Stock is trading at an attractive price-to-book multiple of 0.8x.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has generated a modest return on equity (ROE of 3.0%).

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹5,786 Cr

Latest PAT

₹121.00 Cr

EPS (TTM)

₹2.56

OPM %

5.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹1,345 Cr	₹1,403 Cr	₹1,475 Cr	₹1,533 Cr
Operating Profit (EBITDA)	₹59.19 Cr	₹67.35 Cr	₹76.72 Cr	₹85.86 Cr
OPM %	4.4%	4.8%	5.2%	5.6%
Interest Expense	₹4.74 Cr	₹5.39 Cr	₹6.14 Cr	₹6.87 Cr
Depreciation	₹7.10 Cr	₹8.08 Cr	₹9.21 Cr	₹10.30 Cr
Profit before Tax (PBT)	₹47.35 Cr	₹53.88 Cr	₹61.37 Cr	₹68.69 Cr
Net Profit (PAT)	₹35.51 Cr	₹40.41 Cr	₹46.03 Cr	₹51.52 Cr
EPS in ₹	₹0.57	₹0.60	₹0.63	₹0.65

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹2,199 Cr	₹2,488 Cr	₹2,835 Cr	₹3,240 Cr	₹3,703 Cr	₹3,992 Cr	₹4,282 Cr	₹4,976 Cr	₹5,381 Cr	₹5,670 Cr	₹5,786 Cr	₹6,017 Cr
Expenses	₹2,023 Cr	₹2,289 Cr	₹2,608 Cr	₹2,981 Cr	₹3,407 Cr	₹3,673 Cr	₹3,939 Cr	₹4,578 Cr	₹4,951 Cr	₹5,217 Cr	₹5,323 Cr	₹5,536 Cr
Operating Profit	₹175.89 Cr	₹199.04 Cr	₹226.81 Cr	₹259.21 Cr	₹296.24 Cr	₹319.39 Cr	₹342.53 Cr	₹398.08 Cr	₹430.48 Cr	₹453.62 Cr	₹462.88 Cr	₹481.40 Cr
OPM %	8%	8%	8%	8%	8%	8%	8%	8%	8%	8%	8%	8%
Interest	₹12.31 Cr	₹13.93 Cr	₹15.88 Cr	₹18.14 Cr	₹20.74 Cr	₹22.36 Cr	₹23.98 Cr	₹27.87 Cr	₹30.13 Cr	₹31.75 Cr	₹32.40 Cr	₹33.70 Cr
Depreciation	₹21.11 Cr	₹23.88 Cr	₹27.22 Cr	₹31.11 Cr	₹35.55 Cr	₹38.33 Cr	₹41.10 Cr	₹47.77 Cr	₹51.66 Cr	₹54.43 Cr	₹55.55 Cr	₹57.77 Cr
Profit before Tax	₹158.30 Cr	₹179.14 Cr	₹204.12 Cr	₹233.29 Cr	₹266.61 Cr	₹287.45 Cr	₹308.28 Cr	₹358.27 Cr	₹387.43 Cr	₹408.27 Cr	₹416.59 Cr	₹433.26 Cr
Net Profit	₹118.72 Cr	₹134.35 Cr	₹153.09 Cr	₹174.97 Cr	₹199.96 Cr	₹215.59 Cr	₹231.21 Cr	₹268.70 Cr	₹290.57 Cr	₹306.20 Cr	₹312.44 Cr	₹324.94 Cr
EPS in Rs	0.94	1.06	1.21	1.38	1.58	1.70	1.82	2.12	2.29	2.41	2.46	2.56

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹48.45 Cr	₹55.37 Cr	₹65.06 Cr	₹76.13 Cr	₹87.20 Cr	₹96.89 Cr	₹105.20 Cr	₹116.27 Cr	₹125.96 Cr	₹134.27 Cr	₹138.42 Cr
Reserves & Surplus	₹629.81 Cr	₹719.78 Cr	₹845.75 Cr	₹989.70 Cr	₹1,134 Cr	₹1,260 Cr	₹1,368 Cr	₹1,512 Cr	₹1,638 Cr	₹1,745 Cr	₹1,799 Cr
Borrowings (Debt)	₹163.75 Cr	₹187.14 Cr	₹219.89 Cr	₹257.32 Cr	₹294.75 Cr	₹327.50 Cr	₹355.57 Cr	₹393.00 Cr	₹425.75 Cr	₹453.82 Cr	₹467.86 Cr
Total Liabilities	₹1,211 Cr	₹1,384 Cr	₹1,626 Cr	₹1,903 Cr	₹2,180 Cr	₹2,422 Cr	₹2,630 Cr	₹2,907 Cr	₹3,149 Cr	₹3,357 Cr	₹3,461 Cr
Fixed Assets	₹581.36 Cr	₹664.42 Cr	₹780.69 Cr	₹913.57 Cr	₹1,046 Cr	₹1,163 Cr	₹1,262 Cr	₹1,395 Cr	₹1,512 Cr	₹1,611 Cr	₹1,661 Cr
Total Assets	₹1,211 Cr	₹1,384 Cr	₹1,626 Cr	₹1,903 Cr	₹2,180 Cr	₹2,422 Cr	₹2,630 Cr	₹2,907 Cr	₹3,149 Cr	₹3,357 Cr	₹3,461 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹107.97 Cr	₹122.96 Cr	₹143.96 Cr	₹161.95 Cr	₹185.94 Cr	₹203.94 Cr	₹224.93 Cr	₹254.92 Cr	₹275.92 Cr	₹293.91 Cr	₹299.91 Cr
Cash from Investing (CFI)	-₹66.94 Cr	-₹76.24 Cr	-₹89.25 Cr	-₹100.41 Cr	-₹115.29 Cr	-₹126.44 Cr	-₹139.46 Cr	-₹158.05 Cr	-₹171.07 Cr	-₹182.23 Cr	-₹185.94 Cr
Cash from Financing (CFF)	-₹34.55 Cr	-₹39.35 Cr	-₹46.07 Cr	-₹51.82 Cr	-₹59.50 Cr	-₹65.26 Cr	-₹71.98 Cr	-₹81.58 Cr	-₹88.29 Cr	-₹94.05 Cr	-₹95.97 Cr
Free Cash Flow (FCF)	₹54.42 Cr	₹61.97 Cr	₹72.55 Cr	₹81.62 Cr	₹93.72 Cr	₹102.79 Cr	₹113.37 Cr	₹128.48 Cr	₹139.06 Cr	₹148.13 Cr	₹151.15 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹39.10 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹71.65

DCF Fair Value

₹39.10

Graham Number

₹74.28

Margin of Safety

-23.3%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹39.10

Premium / Overvalued (Margin: -23.3%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹38	₹38	₹37	₹37
10%	₹39	₹38	₹38	₹38
12%	₹39	₹39	₹39	₹38
14%	₹40	₹40	₹39	₹39

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹39	Fairly Valued
Benjamin Graham Number	₹74	Margin of Safety
Historical Sector P/E	₹56	Premium
EV / EBITDA Multiplier	₹75	In-Line
Free Cash Flow Yield Model	₹70	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 5/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

5 / 9 Pass

Altman Z-Score

3.85 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.26x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 5.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

50.14%

FIIs (Foreign)

12.80%

DIIs (Domestic)

0.37%

Government

0.15%

Public / Retail

36.47%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	50.62%	50.50%	50.38%	50.26%	50.14%	50.02%	49.90%	49.78%
• Promoter & Promoter Group Family Trusts	24.07%	24.07%	24.07%	24.07%	24.07%	24.07%	24.07%	24.07%
• Operating Holding Companies & LLPs	19.05%	19.05%	19.05%	19.05%	19.05%	19.05%	19.05%	19.05%
• Key Executive Promoters (Individual)	7.02%	7.02%	7.02%	7.02%	7.02%	7.02%	7.02%	7.02%
+ FIIs (Foreign Portfolio)	12.51%	12.58%	12.66%	12.73%	12.80%	12.87%	12.94%	13.02%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	31.72%	31.77%	31.81%	31.86%	31.91%	31.96%	32.01%	32.05%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Metals & Mining.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

ELECTCAST Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

ELECTCAST Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

ELECTCAST Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹91.71

Accelerated market share capture in Metals & Mining, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹80.25

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 29x P/E.

🐻 Bear Case (15%) -12.0%

₹63.05

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Metals & Mining)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:17 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ ELECTROSTEEL CASTINGS Ltd (ELECTCAST)	Target Stock	₹71.65	+3.44%	29.1x	3.0%	5.0%	0.26	₹4,614 Cr
JSW Steel Ltd (JSWSTEEL)	Integrated Steel Producer	₹1,353.30	+0.47%	25.0x	10.2%	11.0%	0.99	₹3.02 Lakh Cr
Coal India Ltd (COALINDIA)	Coal Mining & Power Coal	₹406.30	+1.20%	8.3x	28.2%	35.0%	0.12	₹2.59 Lakh Cr
HINDUSTAN ZINC Ltd (HINDZINC)	Metals & Mining Operations	₹579.00	+0.53%	13.8x	76.6%	69.5%	0.39	₹2.35 Lakh Cr
Tata Steel Ltd (TATASTEEL)	Iron & Steel Manufacturing	₹189.28	+2.40%	18.7x	11.7%	12.5%	0.90	₹2.21 Lakh Cr
Hindalco Industries Ltd (HINDALCO)	Aluminium & Copper Fabrication	₹962.30	+0.24%	10.2x	13.0%	13.2%	0.73	₹2.12 Lakh Cr
Vedanta Ltd (VEDL)	Diversified Natural Resources & Metals	₹263.88	+0.72%	9.0x	38.2%	16.1%	0.66	₹98,561 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:17:17 IST	✓ Live Sync
Financial Statements (10Y)	ELECTROSTEEL CASTINGS Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

ELECTROSTEEL CASTINGS Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About ELECTROSTEEL CASTINGS Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Metals & Mining)

Metric Explainer

Stock DNA Methodology

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