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ELECTCAST
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Recent events
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News
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Corporate Actions
Electrosteel Castings Dec-Quarter Consol Net Profit 1.6 Bln Rupees
Jan 31 (Reuters) - Electrosteel Castings Ltd ELST.NS:
DEC-QUARTER CONSOL NET PROFIT 1.6 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 17.77 BILLION RUPEES
Source text: ID:nBSE4W7Fch
Further company coverage: ELST.NS
(([email protected];;))
Jan 31 (Reuters) - Electrosteel Castings Ltd ELST.NS:
DEC-QUARTER CONSOL NET PROFIT 1.6 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 17.77 BILLION RUPEES
Source text: ID:nBSE4W7Fch
Further company coverage: ELST.NS
(([email protected];;))
Electrosteel Castings Will Carry Out Planned Shutdown Of MBF Production Facility At Unit
Dec 26 (Reuters) - Electrosteel Castings Ltd ELST.NS:
ELECTROSTEEL CASTINGS - WILL CARRY OUT PLANNED SHUTDOWN OF MBF PRODUCTION FACILITY AT UNIT
Source text: ID:nBSE5DT8RS
Further company coverage: ELST.NS
(([email protected];))
Dec 26 (Reuters) - Electrosteel Castings Ltd ELST.NS:
ELECTROSTEEL CASTINGS - WILL CARRY OUT PLANNED SHUTDOWN OF MBF PRODUCTION FACILITY AT UNIT
Source text: ID:nBSE5DT8RS
Further company coverage: ELST.NS
(([email protected];))
India's Electrosteel Castings falls on Q2 profit drop
** Electrosteel Castings ELST.NS falls 6.6% to 164.94 rupees; set for biggest intraday pct drop in over a week
** Pipe maker's September-quarter consol net profit slides 11% to 1.55 bln rupees ($18.4 mln), rev from ops down 4.8% y/y
** More than 2.8 mln shares traded, ~2x the 30-day avg, in stock's busiest session in a week
** ELST up ~49% YTD
($1 = 84.0850 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
** Electrosteel Castings ELST.NS falls 6.6% to 164.94 rupees; set for biggest intraday pct drop in over a week
** Pipe maker's September-quarter consol net profit slides 11% to 1.55 bln rupees ($18.4 mln), rev from ops down 4.8% y/y
** More than 2.8 mln shares traded, ~2x the 30-day avg, in stock's busiest session in a week
** ELST up ~49% YTD
($1 = 84.0850 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
Electrosteel Castings Sept-Qtr Consol Net Profit 1.55 Bln Rupees
Oct 30 (Reuters) - Electrosteel Castings Ltd ELST.NS:
ELECTROSTEEL CASTINGS SEPT-QUARTER CONSOL NET PROFIT 1.55 BILLION RUPEES
ELECTROSTEEL CASTINGS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 18.28 BILLION RUPEES
Source text: ID:nBSE9ytZ7c
Further company coverage: ELST.NS
(([email protected];;))
Oct 30 (Reuters) - Electrosteel Castings Ltd ELST.NS:
ELECTROSTEEL CASTINGS SEPT-QUARTER CONSOL NET PROFIT 1.55 BILLION RUPEES
ELECTROSTEEL CASTINGS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 18.28 BILLION RUPEES
Source text: ID:nBSE9ytZ7c
Further company coverage: ELST.NS
(([email protected];;))
India's Electrosteel Castings up on plan to set up new plant
** Shares of Electrosteel Castings ELST.NS up as much as 4.8% before trimming some gains; last up 2.7% to 174.14 rupees
** The iron pipes maker said it will set up a ductile iron pipes and fitting plant in Odisha state
** Stock up ~6% so far this week, its biggest weekly gain since early April
** Over 1.8 mln shares traded so far, slightly higher than the 30-day avg volume of 1.7 mln shares
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Electrosteel Castings ELST.NS up as much as 4.8% before trimming some gains; last up 2.7% to 174.14 rupees
** The iron pipes maker said it will set up a ductile iron pipes and fitting plant in Odisha state
** Stock up ~6% so far this week, its biggest weekly gain since early April
** Over 1.8 mln shares traded so far, slightly higher than the 30-day avg volume of 1.7 mln shares
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Electrosteel Castings March-Quarter Consol Net Profit At 2.27 Bln Rupees
May 13 (Reuters) - Electrosteel Castings Ltd ELST.NS:
ELECTROSTEEL CASTINGS LTD MARCH-QUARTER CONSOL NET PROFIT 2.27 BILLION RUPEES VERSUS 894.3 MILLION RUPEES
ELECTROSTEEL CASTINGS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 20.04 BILLION RUPEES VERSUS 18.72 BILLION RUPEES
Source text for Eikon: ID:nNSE9wF1Q8
Further company coverage: ELST.NS
(([email protected];))
May 13 (Reuters) - Electrosteel Castings Ltd ELST.NS:
ELECTROSTEEL CASTINGS LTD MARCH-QUARTER CONSOL NET PROFIT 2.27 BILLION RUPEES VERSUS 894.3 MILLION RUPEES
ELECTROSTEEL CASTINGS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 20.04 BILLION RUPEES VERSUS 18.72 BILLION RUPEES
Source text for Eikon: ID:nNSE9wF1Q8
Further company coverage: ELST.NS
(([email protected];))
Electrosteel Castings Says Blast Furnace At Khardah Unit Will Be Back In Operation
Jan 15 (Reuters) - Electrosteel Castings Ltd ELST.NS:
BLAST FURNACE AT KHARDAH UNIT WILL BE BACK IN OPERATION TENTATIVELY FROM 16 JANUARY, 2024
Source text for Eikon: ID:nBSE1vymhw
Further company coverage: ELST.NS
(([email protected];))
Jan 15 (Reuters) - Electrosteel Castings Ltd ELST.NS:
BLAST FURNACE AT KHARDAH UNIT WILL BE BACK IN OPERATION TENTATIVELY FROM 16 JANUARY, 2024
Source text for Eikon: ID:nBSE1vymhw
Further company coverage: ELST.NS
(([email protected];))
India's Electrosteel Castings hits over 15-year high on Q2 profit jump
** Shares of Electrosteel Castings ELST.NS rise as much as 4.5% to 96.5 rupees, hitting their highest level since Jan 8, 2008
** Stock on track for a second consecutive session of gains, if trend holds
** The iron pipes maker reported a more than three-fold rise in its consolidated net profit to 1.75 bln rupees ($21.01 million) for the quarter ended Sept 30
** Revenue from operations rose 7.6% to 19.19 bln rupees
** More than 18 mln shares trade, 2.3x their 30-day avg
** Electrosteel stock up 144.2%, YTD
($1 = 83.2800 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Electrosteel Castings ELST.NS rise as much as 4.5% to 96.5 rupees, hitting their highest level since Jan 8, 2008
** Stock on track for a second consecutive session of gains, if trend holds
** The iron pipes maker reported a more than three-fold rise in its consolidated net profit to 1.75 bln rupees ($21.01 million) for the quarter ended Sept 30
** Revenue from operations rose 7.6% to 19.19 bln rupees
** More than 18 mln shares trade, 2.3x their 30-day avg
** Electrosteel stock up 144.2%, YTD
($1 = 83.2800 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
India's Electrosteel Castings June-Quarter Consol Net Profit Falls
Aug 9 (Reuters) - Electrosteel Castings Ltd ELST.NS:
INDIA'S ELECTROSTEEL CASTINGS LTD JUNE-QUARTER CONSOL NET PROFIT 748.6 MILLION RUPEES VERSUS PROFIT 950.9 MILLION RUPEES
ELECTROSTEEL CASTINGS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 16.85 BILLION RUPEES VERSUS 17.67 BILLION RUPEES
Source text for Eikon: ID:nNSE3q01Qk
Further company coverage: ELST.NS
(([email protected];))
Aug 9 (Reuters) - Electrosteel Castings Ltd ELST.NS:
INDIA'S ELECTROSTEEL CASTINGS LTD JUNE-QUARTER CONSOL NET PROFIT 748.6 MILLION RUPEES VERSUS PROFIT 950.9 MILLION RUPEES
ELECTROSTEEL CASTINGS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 16.85 BILLION RUPEES VERSUS 17.67 BILLION RUPEES
Source text for Eikon: ID:nNSE3q01Qk
Further company coverage: ELST.NS
(([email protected];))
India's Electrosteel Castings loses 5% after Q4 earnings slide
** Shares of Electrosteel Castings Ltd ELST.NS shed as much as 5.59%, steepest intraday pct fall in five months, to 43.90 rupees
** Slide after the iron pipes maker reports 21% Y/Y fall in March quarter profit; A 24% jump in costs offset 19% rise in revenue
** Core profit fell to 1.93 bln rupees from 2.17 bln rupees a year ago
** Trading volume is 5.95 mln shares as of 1:23 p.m. IST, 2.5 times the 30-day avg - Refinitiv data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Electrosteel Castings Ltd ELST.NS shed as much as 5.59%, steepest intraday pct fall in five months, to 43.90 rupees
** Slide after the iron pipes maker reports 21% Y/Y fall in March quarter profit; A 24% jump in costs offset 19% rise in revenue
** Core profit fell to 1.93 bln rupees from 2.17 bln rupees a year ago
** Trading volume is 5.95 mln shares as of 1:23 p.m. IST, 2.5 times the 30-day avg - Refinitiv data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's Electrosteel Castings March-Quarter Consol Net Profit Falls
May 17 (Reuters) - Electrosteel Castings Ltd ELST.NS:
INDIA'S ELECTROSTEEL CASTINGS LTD MARCH-QUARTER CONSOL NET PROFIT 894.3 MILLION RUPEES VERSUS 1.13 BILLION RUPEES
ELECTROSTEEL CASTINGS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 18.72 BILLION RUPEES VERSUS 15.77 BILLION RUPEES
Source text for Eikon: ID:nBSE692zjK
Further company coverage: ELST.NS
(([email protected];))
May 17 (Reuters) - Electrosteel Castings Ltd ELST.NS:
INDIA'S ELECTROSTEEL CASTINGS LTD MARCH-QUARTER CONSOL NET PROFIT 894.3 MILLION RUPEES VERSUS 1.13 BILLION RUPEES
ELECTROSTEEL CASTINGS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 18.72 BILLION RUPEES VERSUS 15.77 BILLION RUPEES
Source text for Eikon: ID:nBSE692zjK
Further company coverage: ELST.NS
(([email protected];))
Electrosteel Castings To Shutdown DI Pipes Production Facility At Srikalahasthi Unit From 30 April
April 28 (Reuters) - Electrosteel Castings Ltd ELST.NS:
TO SHUTDOWN OF DI PIPES PRODUCTION FACILITY AT SRIKALAHASTHI UNIT FROM 30 APRIL FOR 6 DAYS
SHUTDOWN FOR FOR ANNUAL MAINTENANCE AND OTHER MAINTENANCE WORK
Source text for Eikon: ID:nBSEcbBvSq
Further company coverage: ELST.NS
(([email protected];;))
April 28 (Reuters) - Electrosteel Castings Ltd ELST.NS:
TO SHUTDOWN OF DI PIPES PRODUCTION FACILITY AT SRIKALAHASTHI UNIT FROM 30 APRIL FOR 6 DAYS
SHUTDOWN FOR FOR ANNUAL MAINTENANCE AND OTHER MAINTENANCE WORK
Source text for Eikon: ID:nBSEcbBvSq
Further company coverage: ELST.NS
(([email protected];;))
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What does Electrost Castings do?
Electrosteel Castings Ltd is a manufacturer of Ductile Iron Pipes and Fittings for water supply, sewerage systems, and industrial applications. The company also undertakes turnkey infrastructure projects and plans to venture into coal production.
Who are the competitors of Electrost Castings?
Electrost Castings major competitors are Balu Forge Industrie, Kirloskar Ferrous, Kirloskar Industries, Steelcast, MM Forgings, Alicon Castalloy, Rishabh Instruments. Market Cap of Electrost Castings is ₹6,476 Crs. While the median market cap of its peers are ₹1,840 Crs.
Is Electrost Castings financially stable compared to its competitors?
Electrost Castings seems to be less financially stable compared to its competitors. Altman Z score of Electrost Castings is 3.13 and is ranked 6 out of its 8 competitors.
Does Electrost Castings pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Electrost Castings latest dividend payout ratio is 11.7% and 3yr average dividend payout ratio is 14.11%
How has Electrost Castings allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Electrost Castings balance sheet?
Balance sheet of Electrost Castings is strong. But short term working capital might become an issue for this company.
Is the profitablity of Electrost Castings improving?
Yes, profit is increasing. The profit of Electrost Castings is ₹769 Crs for TTM, ₹740 Crs for Mar 2024 and ₹316 Crs for Mar 2023.
Is the debt of Electrost Castings increasing or decreasing?
Yes, The debt of Electrost Castings is increasing. Latest debt of Electrost Castings is ₹1,585 Crs as of Sep-24. This is greater than Mar-24 when it was ₹1,467 Crs.
Is Electrost Castings stock expensive?
Electrost Castings is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Electrost Castings is 8.43, while 3 year average PE is 8.37. Also latest EV/EBITDA of Electrost Castings is 6.79 while 3yr average is 7.67.
Has the share price of Electrost Castings grown faster than its competition?
Electrost Castings has given lower returns compared to its competitors. Electrost Castings has grown at ~-48.08% over the last 1yrs while peers have grown at a median rate of -22.74%
Is the promoter bullish about Electrost Castings?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Electrost Castings is 46.21% and last quarter promoter holding is 46.21%.
Are mutual funds buying/selling Electrost Castings?
The mutual fund holding of Electrost Castings is increasing. The current mutual fund holding in Electrost Castings is 0.59% while previous quarter holding is 0.58%.