| Margins | EBITDA margin at 9.5%; targeting ~16% for new valve segment. |
|---|---|
| Demand visibility | Strong visibility from JJM 2.0 and AMRUT 2.0 government schemes. |
| Management confidence | Positive outlook with recovery anticipated in H2 FY27. |
Growth
Consolidated Revenue fell 8.5% YoY; PAT dropped 45.7% YoY to ₹48 Cr due to challenging industry conditions.
Outlook
Targeting ₹800-1000 Cr revenue from industrial paints in 5 years; aiming to double valve revenues in 4 years.
Risks
Slowdown in Jal Jeevan Mission funds release in FY26 led to subdued domestic DI pipe demand.
Last quarter's promises, checked
Delivered
- Guided H1 FY27 domestic slowdown → delivered 8.5% YoY revenue drop (= BEAT)
- Guided standalone gross debt reduction → delivered ₹598 Cr reduction in FY26 (= BEAT)
- Guided maintenance CAPEX ₹25-30 Cr → delivered within range (= BEAT)
Partly delivered
- Guided 7.4L tons pipe volume → delivered 5.84L tons in FY26 (FY27 in progress) (= PARTIAL)
Missed
- Guided 13-14% consolidated EBITDA margin → delivered 9.5% (= MISS)
- Guided Q1 FY27 performance as 'nothing substantial' → delivered 45.7% PAT drop (= MISS)
Investor Presentation filed with NSE, NSE: ELECTCAST. Summary written with AI assistance from the document.
Electrosteel Castings Ltd: key numbers
- Share price
- ₹79.11
- Market cap
- ₹4,890 Cr
- Revenue (annual)
- ₹5,918 Cr
- Net profit (annual)
- ₹161.4 Cr
- P/E (TTM)
- 40.5×Sector 18.4×
- Promoter holding
- 50.13%+0.00% QoQ
- FII holding
- 12.80%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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