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Employees: 12,860
Size Electrosteel Castings (ELECTCAST.NS) is an India Materials company (Steel) with a market value of $450M, the 886th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹68.80 on 6 Nov 2026.
Performance Over six months the shares fell 24.7%, against -9.7% for the median peer and 0.0% for the India market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 15.7% over the last twelve months (peer median +1.3%); the operating margin is 2.0% (peer median 4.6%).
Valuation It trades at 26.5× forward earnings against a peer median of 10.8× (most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 13.0 points below its cost of capital (14.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹57.9B | ₹58.9B | ₹73.0B | ₹74.5B | ₹72.5B |
| Revenue growth | — | -19% | -2% | +3% | — |
| Gross profit | ₹18.6B | ₹10.6B | ₹19.4B | ₹19.8B | ₹17.4B |
| EBITDA | ₹2.89B | ₹3.26B | ₹10.2B | ₹11.6B | ₹7.11B |
| Net income | ₹1.21B | ₹1.61B | ₹7.10B | ₹7.40B | ₹3.16B |
| Free cash flow | n/a | ₹9.80B | ₹660M | ₹3.91B | ₹531M |
| Capital expenditure | n/a | ₹1.30B | ₹2.78B | ₹2.44B | ₹1.88B |
| Total debt | n/a | ₹15.6B | ₹21.3B | ₹23.3B | ₹26.7B |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ELECTCAST.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | -7.5% | 5th lowest of 21 |
| 6-month return | -24.7% | -9.7% | 7th lowest of 21 |
| Distance from 52-week high | -28.3% | -29.5% | 11th highest of 21 |
| Revenue growth (TTM) | -15.7% | +1.3% | 3rd lowest of 21 |
| Operating margin | 2.0% | 4.6% | 7th lowest of 21 |
| Forward P/E | 26.5× | 10.8× | most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 12.6% | 8.2% | 7th most demanding of 14 |
| Growth delivered (Del g) | +11.3% | +6.8% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | +1.3 pp | +0.2 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | -13.0 pp | -2.6 pp | lowest of 21 |
| Net debt / EBITDA | 2.4× | 1.2× | 4th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Electrosteel Castings ELECTCAST.NS | India | $450M | -25% | -16% | 2% | 26.5× | 12.6% | +11.3% |
| Ferrexpo FXPO.L | United Kingdom | $453M | -55% | -39% | -1% | n/a | n/a | n/a |
| Chun Yuan Steel Industry 2010.TW | Taiwan | $445M | -8% | +2% | 8% | n/a | -11.7% | +4.7% |
| Kyoei Steel 5440.T | Japan | $455M | -13% | +7% | 4% | 8.8× | -7.0% | +6.8% |
| Shanxi Antai 600408.SS | China | $456M | -8% | -5% | -3% | n/a | 28.8% | -10.7% |
| Topy Industries 7231.T | Japan | $440M | +1% | +2% | 2% | 9.0× | 6.0% | +5.8% |
| Liaoning Fu-An Heavy Industry 603315.SS | China | $439M | -46% | -4% | 3% | n/a | 31.1% | +7.5% |
| Guangdong Sanhe Pile 003037.SZ | China | $466M | -28% | -9% | 1% | n/a | n/a | n/a |
| SK oceanplant 100090.KS | South Korea | $430M | -62% | -5% | 8% | 15.7× | n/a | n/a |
| Hsin Kuang Steel 2031.TW | Taiwan | $418M | +6% | -3% | 8% | 10.6× | 1.3% | +11.3% |
| Shengtak New Material 300881.SZ | China | $416M | -50% | +9% | 4% | 20.8× | n/a | n/a |
| Osaka Steel 5449.T | Japan | $416M | -11% | -17% | -2% | n/a | n/a | n/a |
| China Oriental 0581.HK | Hong Kong | $413M | -31% | 0% | 2% | 9.2× | n/a | n/a |
| Zhejiang Huada New Materials 605158.SS | China | $496M | -17% | +22% | 0% | n/a | 0.1% | +2.8% |
| Surya Roshni SURYAROSNI.NS | India | $500M | -20% | +12% | 5% | 11.0× | 20.2% | +6.3% |
| Nippon Yakin Kogyo 5480.T | Japan | $504M | +17% | +1% | 9% | 8.8× | -1.0% | +6.0% |
| Sambhv Steel Tubes SAMBHV.NS | India | $510M | +27% | +42% | 10% | 24.2× | n/a | n/a |
| Zhejiang Tiantai Xianghe Industrial 603500.SS | China | $515M | -3% | +22% | 20% | n/a | 8.2% | +25.0% |
| Kalyani Steels KSL.NS | India | $392M | -5% | -5% | 17% | n/a | 19.1% | +9.4% |
| Bansal Wire Industries BANSALWIRE.NS | India | $517M | +3% | +20% | 6% | 25.4× | 31.6% | +23.0% |
| Steelcast STEELCAS.NS | India | $387M | +23% | +9% | 24% | n/a | 30.2% | +22.2% |