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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Electrosteel Castings Limited is an India-based pipeline solution provider. It is engaged in the business of manufacturing ductile iron (DI) pipes, ductile iron fittings (DIF) and cast iron (CI) pipes. Its products also include ductile iron flange pipes, restrained joint…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fully valued — but flagged on governance.
Electrosteel Castings is scored on the general / industrial framework. It keeps a thin 2.6% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 7.10× reported profit. It throws off free cash worth 23.8% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at -6%/yr and profit at -20%/yr. Book value has grown 11%/yr. Return on equity is a weak 3.2%. In the latest quarter profit grew 203% versus the prior quarter.
At 26× earnings, the stock sits at the 79th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~17%/yr earnings growth for a decade. The forensic screen raises a red flag: 98% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 35.26 | 28.22 | worse |
| P/B | 0.72 | 3.17 | better |
| EV/EBITDA | 11.62 | 17.2 | better |
| ROE | 3.2 | 7.98 | worse |
| ROCE | 4.97 | 12.11 | worse |
| ROA | 1.28 | 7.51 | worse |
| Quick Ratio | 0.98 | 2.96 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Bharat Forge | 122.0 | 7.4 | 8.7% |
| PTC Industries | 307.8 | 11.7 | 6.7% |
| AIA Engineering | 23.5 | 3.5 | 14.7% |
Revenue declined 18% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (-6% vs -20%) — costs are rising faster than the top line. The latest year saw a -77% swing — check if it's a one-off or structural.
Operating margin has compressed from 6% to 4% — costs or competition are eating into profitability.
ROE at 3% — modest; the capital isn't working hard.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -21% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 7.1× PAT — earnings are well-backed by cash; strong accrual quality. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (4% spread) — a predictable, non-seasonal revenue stream.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 203% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 54.5% — majority control intact. Promoters added 8.3pp over 4 quarters — creeping acquisition signals conviction. FIIs trimmed 10.8pp — foreign money is rotating out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.