About
Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, ductile iron fittings (DIF) and accessories, and cast iron (CI) pipes in India and internationally. The company offers ductile iron pipes and fittings which are used in various applications, including raw and clear water transmission, distribution network of potable water, water supply for industrial/process plants, ash-slurry handling and disposal systems, on-shore and off-shore fire-fighting systems, desalination plants, sewerage and waste water force mains, gravity sewerage collection and disposal systems, storm water drainage piping, domestic and industrial disposal systems, recycling systems, piping work in water and sewage treatment plants, vertical connection to utilities and reservoirs, piling for ground stabilization, trenchless application, and protective piping under carriageways; ductile iron flange pipes used for temporary, over-ground and exposed installations, vertical pipelines, interconnection and connection for accessories, and as a restrained joint application; and ductile iron restrained joint pipes. It also provides cast iron pipes, metallurgical coke, sinter, sponge iron, ferro silicon, pig iron, low ash metallurgical coke, and silico manganese ferro alloy. In addition, the company offers cement under the brand name of SPL GOLD. The company was formerly known as Dalmia Iron and Steel Ltd. Electrosteel Castings Limited was incorporated in 1955 and is based in Kolkata, India.
Key Metrics
as of Sep 2026Market Cap5,175 Cr
P/E32.50
Div Yield1.08 %
Book Valueโน95.80
52w Highโน104.00
52w Lowโน60.10
Face Valueโน1.00
Quarterly Results
Rs. Crores ยท hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,426.00 | 1,493.00 | 1,472.00 | 1,396.00 | 1,558.00 | 1,701.00 | 1,780.00 | 1,828.00 | 2,012.00 | 2,004.00 | 1,869.00 | 1,919.00 | 1,685.00 |
| Expenses | 1,326.00 | 1,431.00 | 1,438.00 | 1,303.00 | 1,387.00 | 1,541.00 | 1,525.00 | 1,560.00 | 1,658.00 | 1,693.00 | 1,463.00 | 1,619.00 | 1,525.00 |
| Operating Profit | 100.00 | 62.00 | 34.00 | 93.00 | 170.00 | 160.00 | 255.00 | 268.00 | 354.00 | 311.00 | 406.00 | 300.00 | 160.00 |
| OPM % | 7.00 | 4.10 | 2.30 | 7.00 | 11.00 | 9.00 | 14.00 | 15.00 | 18.00 | 16.00 | 22.00 | 16.00 | 10.00 |
| Other Income | 39.00 | 37.00 | 16.00 | 95.00 | 28.00 | 39.00 | 39.00 | 21.00 | 24.00 | 34.00 | 23.00 | 18.00 | 27.00 |
| Depreciation | 43.00 | 44.00 | 45.00 | 43.00 | 41.00 | 37.00 | 37.00 | 36.00 | 32.00 | 34.00 | 30.00 | 30.00 | 30.00 |
| Interest | 27.00 | 32.00 | 37.00 | 38.00 | 36.00 | 35.00 | 45.00 | 40.00 | 41.00 | 52.00 | 53.00 | 57.00 | 57.00 |
| Profit before tax | 69.00 | 23.00 | -32.00 | 107.00 | 121.00 | 126.00 | 213.00 | 212.00 | 305.00 | 260.00 | 346.00 | 231.00 | 100.00 |
| Tax % | 30.00 | 29.00 | -31.00 | 27.00 | 27.00 | -33.00 | 25.00 | 27.00 | 26.00 | 13.00 | 24.00 | 24.00 | 25.00 |
| Net Profit | 48.00 | 16.00 | -22.00 | 78.00 | 89.00 | 168.00 | 160.00 | 155.00 | 226.00 | 227.00 | 263.00 | 175.00 | 75.00 |
| EPS in Rs | 0.78 | 0.26 | -0.35 | 1.27 | 1.44 | 2.72 | 2.59 | 2.51 | 3.65 | 3.67 | 4.43 | 2.94 | 1.26 |
Profit & Loss
Annual ยท Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,918.00 | 7,320.00 | 7,478.00 | 7,276.00 | 5,281.00 | 3,474.00 | 2,711.00 | 2,699.00 | 2,263.00 | 2,079.00 | 2,204.00 | 2,402.00 |
| Expenses | 5,559.00 | 6,270.00 | 6,274.00 | 6,530.00 | 4,586.00 | 3,038.00 | 2,320.00 | 2,295.00 | 2,006.00 | 1,791.00 | 1,911.00 | 2,091.00 |
| Operating Profit | 359.00 | 1,050.00 | 1,204.00 | 746.00 | 695.00 | 436.00 | 391.00 | 404.00 | 257.00 | 288.00 | 293.00 | 311.00 |
| OPM % | 6.00 | 14.00 | 16.00 | 10.00 | 13.00 | 13.00 | 14.00 | 15.00 | 11.00 | 14.00 | 13.00 | 13.00 |
| Other Income | 176.00 | 109.00 | 76.00 | 77.00 | 59.00 | -194.00 | 8.00 | -137.00 | 80.00 | 100.00 | 7.00 | 59.00 |
| Interest | 144.00 | 161.00 | 219.00 | 286.00 | 195.00 | 208.00 | 228.00 | 235.00 | 210.00 | 210.00 | 180.00 | 157.00 |
| Depreciation | 173.00 | 142.00 | 125.00 | 121.00 | 115.00 | 90.00 | 57.00 | 59.00 | 62.00 | 67.00 | 67.00 | 71.00 |
| Profit before tax | 219.00 | 856.00 | 937.00 | 415.00 | 444.00 | -56.00 | 114.00 | -26.00 | 65.00 | 111.00 | 52.00 | 144.00 |
| Tax % | 26.00 | 17.00 | 21.00 | 24.00 | 22.00 | 72.00 | 25.00 | -70.00 | -2.00 | 30.00 | 32.00 | 19.00 |
| Net Profit | 161.00 | 710.00 | 740.00 | 316.00 | 348.00 | -91.00 | 161.00 | 39.00 | 124.00 | 144.00 | -27.00 | -116.00 |
| EPS in Rs | 2.61 | 11.48 | 11.97 | 5.31 | 5.84 | -2.11 | 3.72 | 0.94 | 3.47 | 4.04 | -0.77 | -3.25 |
| Dividend Payout % | 34.00 | 12.00 | 12.00 | 17.00 | 14.00 | -16.00 | 8.00 | 0.00 | 9.00 | 12.00 | -65.00 | -20.00 |
Balance Sheet
Annual ยท Rs. Crores โ latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 62.00 | 62.00 | 62.00 | 59.00 | 59.00 | 59.00 | 43.00 | 41.00 | 36.00 | 36.00 | 36.00 | 36.00 |
| Reserves | 5,862.00 | 5,720.00 | 5,051.00 | 4,323.00 | 4,044.00 | 3,667.00 | 2,837.00 | 2,595.00 | 2,443.00 | 2,349.00 | 2,455.00 | 2,034.00 |
| Borrowings | 1,561.00 | 2,125.00 | 2,335.00 | 2,667.00 | 2,967.00 | 2,138.00 | 1,736.00 | 1,761.00 | 1,697.00 | 2,057.00 | 2,185.00 | 2,572.00 |
| Other Liabilities | 1,977.00 | 1,788.00 | 1,661.00 | 1,469.00 | 1,554.00 | 1,289.00 | 977.00 | 1,025.00 | 1,225.00 | 1,078.00 | 1,032.00 | 575.00 |
| Total Liabilities | 9,461.00 | 9,695.00 | 9,108.00 | 8,519.00 | 8,624.00 | 7,152.00 | 5,593.00 | 5,421.00 | 5,401.00 | 5,519.00 | 5,708.00 | 5,218.00 |
| Fixed Assets | 3,212.00 | 3,102.00 | 2,928.00 | 2,731.00 | 2,763.00 | 2,633.00 | 1,703.00 | 1,633.00 | 1,678.00 | 1,707.00 | 1,780.00 | 1,154.00 |
| CWIP | 1,186.00 | 1,249.00 | 1,229.00 | 1,302.00 | 1,208.00 | 1,337.00 | 1,166.00 | 1,237.00 | 1,202.00 | 1,210.00 | 1,278.00 | 1,286.00 |
| Investments | 578.00 | 145.00 | 204.00 | 161.00 | 457.00 | 202.00 | 747.00 | 684.00 | 637.00 | 590.00 | 786.00 | 766.00 |
| Other Assets | 4,486.00 | 5,200.00 | 4,747.00 | 4,324.00 | 4,196.00 | 2,980.00 | 1,977.00 | 1,868.00 | 1,884.00 | 2,013.00 | 1,863.00 | 2,012.00 |
| Total Assets | 9,461.00 | 9,695.00 | 9,108.00 | 8,519.00 | 8,624.00 | 7,152.00 | 5,593.00 | 5,421.00 | 5,401.00 | 5,519.00 | 5,708.00 | 5,218.00 |
Cash Flows
Annual ยท Rs. Crores โ latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,147.00 | 480.00 | 803.00 | 452.00 | -279.00 | 444.00 | 225.00 | -46.00 | 450.00 | 421.00 | 533.00 | 443.00 |
| Cash from Investing Activity | -119.00 | -138.00 | -37.00 | 168.00 | -329.00 | 129.00 | -20.00 | 33.00 | -69.00 | 72.00 | 71.00 | -216.00 |
| Cash from Financing Activity | -900.00 | -454.00 | -718.00 | -604.00 | 609.00 | -419.00 | -220.00 | -5.00 | -574.00 | -332.00 | -592.00 | -236.00 |
| Net Cash Flow | 127.00 | -112.00 | 49.00 | 17.00 | 1.00 | 154.00 | -16.00 | -18.00 | -193.00 | 162.00 | 12.00 | -8.00 |
| Free Cash Flow | 1,041.00 | 206.00 | 563.00 | 268.00 | -458.00 | 312.00 | 166.00 | -103.00 | 421.00 | 529.00 | 495.00 | 348.00 |
| CFO/OP % | 337.00 | 67.00 | 86.00 | 78.00 | -24.00 | 112.00 | 60.00 | -7.00 | 180.00 | 156.00 | 186.00 | 147.00 |
Ratios
Annual ยท Days / % โ latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66.00 | 74.00 | 67.00 | 53.00 | 65.00 | 81.00 | 83.00 | 82.00 | 85.00 | 81.00 | 89.00 | 78.00 |
| Inventory Days | 276.00 | 249.00 | 221.00 | 208.00 | 331.00 | 279.00 | 278.00 | 228.00 | 219.00 | 249.00 | 225.00 | 212.00 |
| Days Payable | 63.00 | 56.00 | 53.00 | 54.00 | 93.00 | 102.00 | 120.00 | 94.00 | 121.00 | 109.00 | 121.00 | 90.00 |
| Cash Conversion Cycle | 278.00 | 267.00 | 235.00 | 207.00 | 303.00 | 258.00 | 242.00 | 217.00 | 182.00 | 220.00 | 192.00 | 200.00 |
| Working Capital Days | 92.00 | 79.00 | 55.00 | 43.00 | 33.00 | 31.00 | 24.00 | 26.00 | 5.00 | 27.00 | 11.00 | -10.00 |
| ROCE % | 5.00 | 13.00 | 16.00 | 10.00 | 10.00 | 8.00 | 8.00 | 9.00 | 6.00 | 6.00 | 5.00 | 6.00 |
Corporate Actions
26 records| Action | Ex Date | Record Date | Ratio | Amount (โน) | Notes |
|---|---|---|---|---|---|
| Dividend | 14 Aug 2026 | 14 Aug 2026 | โ | 0.90 | |
| Dividend | 14 Aug 2025 | 15 Aug 2025 | โ | 1.40 | |
| Dividend | 16 Aug 2024 | โ | โ | 0.90 | |
| Dividend | 21 Feb 2024 | 21 Feb 2024 | โ | 0.50 | |
| Dividend | 04 Sep 2023 | โ | โ | 0.90 | |
| Dividend | 08 Sep 2022 | โ | โ | 0.80 | |
| Dividend | 26 Aug 2021 | โ | โ | 0.25 | |
| Dividend | 07 Sep 2020 | โ | โ | 0.30 | |
| Dividend | 06 Sep 2018 | โ | โ | 0.30 | |
| Dividend | 07 Sep 2017 | โ | โ | 0.50 | |
| Dividend | 01 Sep 2016 | โ | โ | 0.50 | |
| Dividend | 03 Sep 2015 | โ | โ | 0.65 | |
| Dividend | 20 Aug 2014 | โ | โ | 0.65 | |
| Dividend | 13 Aug 2013 | โ | โ | 0.50 | |
| Dividend | 30 Aug 2012 | โ | โ | 0.50 | |
| Dividend | 30 Jun 2011 | โ | โ | 1.25 | |
| Dividend | 02 Jul 2010 | โ | โ | 1.25 | |
| Dividend | 07 Aug 2009 | โ | โ | 1.25 | |
| Dividend | 23 Jul 2008 | โ | โ | 0.25 | |
| Dividend | 18 Dec 2007 | 19 Dec 2007 | โ | 1.00 | |
| Split | 17 Sep 2007 | 24 Sep 2007 | 10:1 | โ | |
| Other | 31 Jul 2007 | โ | โ | โ | Agm |
| Dividend | 23 Mar 2007 | 27 Mar 2007 | โ | 1.25 | |
| Dividend | 27 Jul 2006 | โ | โ | 1.25 | |
| Dividend | 23 Jun 2005 | โ | โ | 1.25 | |
| Dividend | 30 Jul 2001 | โ | โ | 7.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results โ Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update1 Sep from fitch
-
Rating update4 Feb from crisil
-
Rating update6 Jan from crisil
-
Rating update2 Sep 2025 from fitch
-
Rating update5 Jun 2025 from crisil
-
Rating update4 Feb 2025 from crisil