ELECTROSTEEL CAST chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 88.81
Dividend & Yield0.25₹ (0.73%)
Beta 0.93
Market capitalization 20.48B
Operating cash flow -2.79B
ESG Scores unknown

Company description

Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, DI fittings and accessories, and cast iron (CI) pipes in India and internationally. It offers DI pipes, such as DI socket and spigot pipes with push-on joints, and DI flanged pipes; and DI fittings, including various socketted DI fittings with push-on joints, various flanged DI fittings, DI fittings with push-on type restrained joints, DI mechanical joint fittings with rubber gaskets and follower glands, and fabricated and custom made DI fittings. The company's DI pipes 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 firefighting 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; and protective piping under carriage-ways. It also provides metallurgical coke, sponge iron, and silico manganese ferro alloy, as well as produces and sells electricity The company was formerly known as Dalmia Iron and Steel Ltd. Electrosteel Castings Limited was incorporated in 1955 and is headquartered in Kolkata, India.

Sector: Basic Materials - Industry: Steel

Financial Ratios
Quick Ratio0.72
Working Capital0.25
Return On Equity0.08
Debt To Equity0.21
Fixed Asset Ratio0
Fixed Interest Cover3

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities -1.52B -536.31M 267.58M 3.28B
Total Cashflows From Investing Activities 331.56M -204.14M 930.9M -3.29B
Net Borrowings 651.1M -547.98M -1.95B 8.23B
Total Cash From Financing Activities -51.61M -2.2B -4.22B 6.09B
Change To Operating Activities -53.27M 27.04M 378.27M -258.7M
Issuance Of Stock 1.4B 500M
Net Income 381.71M 1.61B -1.46B 3.47B
Change In Cash -180.46M -155.55M 1.54B 7.42M
Effect Of Exchange Rate 1.25M 166k -79k
Total Cash From Operating Activities -461.66M 2.25B 4.65B -2.79B
Depreciation 579.51M 567.7M 900.47M 1.15B
Change To Account Receivables -1.35B 59.2M 742.87M -1.71B
Other Cashflows From Financing Activities -1.98B -2.15B -2.14B -1.87B
Change To Netincome 2.94B 1.94B 4.61B 1.39B
Capital Expenditures -578.54M -589.88M -1.32B -1.95B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 206.6M 1.9B -515.46M 4.44B
Net Income 381.71M 1.61B -1.46B 3.47B
Selling General Administrative 2.3B 2.47B 3.35B 3.98B
Gross Profit 14.84B 15.25B 18.2B 28.03B
Ebit 3.76B 3.35B 3.42B 5.83B
Operating Income 3.76B 3.35B 3.42B 5.83B
Interest Expense -1.76B -1.85B -1.86B -1.95B
Income Tax Expense -179.99M 281.99M 403.2M 967.18M
Total Revenue 26.99B 27.11B 34.71B 52.81B
Cost Of Revenue 12.15B 11.86B 16.51B 24.78B
Total Other Income ExpenseNet -3.55B -1.46B -3.94B -1.39B
Net Income From Continuing Ops 386.58M 1.61B -918.66M 3.48B
Net Income Applicable To Common Shares 381.71M 1.61B -1.46B 3.47B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 27.85B 27.11B 34.15B 45.19B
Total Stockholder Equity 26.36B 28.8B 28.69B 41.03B
Other Current Liabilities 1.16B 801.42M 1.37B 4.41B
Total Assets 54.21B 55.93B 71.81B 86.24B
Common Stock 405.48M 432.95M 432.95M 594.61M
Other Current Assets 1.14B 793.44M 971.93M 3.78B
Retained Earnings 17.48B 19.3B 17.72B
Treasury Stock 558.75M 683.22M 2.15B 40.44B
Cash 750.12M 594.56M 2.13B 5.19B
Total Current Liabilities 14.73B 16.17B 20.67B 31.29B
Other Stockholder Equity 558.75M 683.22M 2.15B 40.44B
Property, Plant, and Equipment 28.66B 28.65B 39.93B 39.65B
Total Current Assets 18.17B 19.03B 30.35B 44.91B
Net Tangible Assets 26.32B 28.76B 28.53B 40.97B
Net Receivables 8.34B 8.27B 10.12B 9.95B
Accounts Payable 3.09B 3.86B 4.62B 6.27B


Insider Transactions

Here are the insider transactions of stock shares related to ELECTROSTEEL CAST:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Kejriwal (Mayank)Acquisition at price 0.34 per share.D2021-03-31Director (Independent)77.57k
Kejriwal (Mayank)Acquisition at price 0.35 per share.D2021-03-17Director (Independent)100k
Cubbon Marketing Pvt. Ltd.Other at price 0.29 per share.D2020-12-28Promoter2.5M
Electrocast Sales India, Ltd.Other at price 0.29 per share.D2020-12-28Promoter1.6M
G K Investments, Ltd.Other at price 0.29 per share.D2020-12-28Promoter7.78M
Quinline Dealcomm Pvt. Ltd.Other at price 0.29 per share.D2020-12-28Promoter800k
Todi (Priya Manjari)D2020-12-24Promoter55k
Belgrave Investment FundD2020-10-06Promoter675k
Electrocast Sales India, Ltd.Acquisition at price 0.27 per share.D2020-09-29Promoter60k
Electrocast Sales India, Ltd.D2020-09-29Promoter1.6M
Kejriwal (Asha)I2020-09-29Promoter
Quinline Dealcomm Pvt. Ltd.Acquisition at price 0.24 per share.D2020-09-25Promoter275k
Quinline Dealcomm Pvt. Ltd.D2020-09-25Institution- Corporation800k
G K Investments, Ltd.Acquisition at price 0.24 per share.D2020-09-24Promoter100k
Kejriwal (Asha)Acquisition at price 0.24 per share.D2020-09-24Promoter500k
Kejriwal (Asha)D2020-09-24Promoter210k
Kejriwal (Mayank)I2020-09-24Promoter
G K & Sons Pvt. Ltd.Acquisition at price 0.24 per share.D2020-09-23Promoter70k
Kejriwal (Mayank)Acquisition at price 0.23 per share.D2020-09-23Director (Executive)540k
Kejriwal (Mayank)D2020-09-23Promoter450k
Uttam Commercial Co., Ltd.Acquisition at price 0.23 per share.D2020-09-23Promoter50k
Malay Commercial Enterprises, Ltd.Acquisition at price 0.24 per share.D2020-09-22Promoter20k
Uttam Commercial Co., Ltd.D2020-09-22Promoter575k
Malay Commercial Enterprises, Ltd.D2020-09-21Promoter570k
G K & Sons Pvt. Ltd.Acquisition at price 0.24 per share.D2020-09-18Promoter500k
Murari Investment & Trading Co., Ltd.Acquisition at price 0.24 per share.D2020-09-17Promoter900k
Murari Investment & Trading Co., Ltd.Acquisition at price 0.22 per share.D2020-09-15Promoter75.83k
Murari Investment & Trading Co., Ltd.Acquisition at price 0.22 per share.D2020-09-14Promoter400k
Murari Investment & Trading Co., Ltd.Acquisition at price 0.22 per share.D2020-09-10Promoter500k
Murari Investment & Trading Co., Ltd.Acquisition at price 0.22 per share.D2020-09-08Promoter1.88M
Murari Investment & Trading Co., Ltd.D2020-09-07Promoter2.17M
SREE KHEMISATI CONSTRUCTIONS PVT LTDI2020-09-07Promoter
G K & Sons Pvt. Ltd.Acquisition at price 0.23 per share.D2020-09-04Promoter570k
SREE KHEMISATI CONSTRUCTIONS PVT LTDAcquisition at price 0.23 per share.D2020-09-04Promoter200k
SREE KHEMISATI CONSTRUCTIONS PVT LTDD2020-09-04Promoter400k
G K & Sons Pvt. Ltd.D2020-09-03Promoter1.27M
G K Investments, Ltd.Acquisition at price 0.22 per share.D2020-09-03Promoter200k
G K Investments, Ltd.Acquisition at price 0.21 per share.D2020-09-01Promoter1M
G K Investments, Ltd.D2020-09-01Promoter800k
G K Investments, Ltd.Acquisition at price 0.22 per share.D2020-08-28Promoter500k
Electrocast Sales India, Ltd.Acquisition at price 0.22 per share.D2020-08-27Promoter80k
G K & Sons Pvt. Ltd.Acquisition at price 0.22 per share.D2020-08-27Promoter420k
Electrocast Sales India, Ltd.Acquisition at price 0.22 per share.D2020-08-26Promoter600k
G K & Sons Pvt. Ltd.Acquisition at price 0.22 per share.D2020-08-26Promoter400k
Electrocast Sales India, Ltd.Acquisition at price 0.22 per share.D2020-08-24Promoter1.46M
G K & Sons Pvt. Ltd.D2020-03-02Promoter350k
G K & Sons Pvt. Ltd.D2020-02-20Promoter350k
Murari Investment & Trading Co., Ltd.D2020-02-19Promoter310k
Murari Investment & Trading Co., Ltd.D2020-02-18Promoter335.41k
G K & Sons Pvt. Ltd.D2019-12-31Promoter145.65k
G K & Sons Pvt. Ltd.D2019-12-30Promoter60.01k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to ELECTROSTEEL CAST. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on ELECTROSTEEL CAST

Here is the result of two systematic investment strategies applied to ELECTROSTEEL CAST. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on ELECTROSTEEL CAST

The following chart shows the equity curve of the two systematic investment strategies applied to ELECTROSTEEL CAST:

ELECTROSTEEL CAST automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 94.05% on the backtest period.

Performance at glance

Performance

94.05 %

Latent gain

2336.55 ₹

Invested capital

2484.25 ₹

Annualized return

22.29 %
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Momentum strategy results on ELECTROSTEEL CAST

This is the result of two momentum investment strategies applied to ELECTROSTEEL CAST. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on ELECTROSTEEL CAST

The following chart shows all the entries opened by the momentum investment system on ELECTROSTEEL CAST:

ELECTROSTEEL CAST momentum entries
  • The first momentum investment strategy would give 77.89% of return on ELECTROSTEEL CAST. That represents 3319.4₹ of latent gain with 4261.4₹ of employed capital.
  • The second momentum investment strategy would give 84.37% of return on ELECTROSTEEL CAST. That represents 2509.2₹ of latent gain with 2974.0₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

77.89 %

Latent gain

3319.4 ₹

Invested capital

4261.4 ₹

Annualized return

25.05 %
Performance at glance (2Q Momentum)

Performance

84.37 %

Latent gain

2509.2 ₹

Invested capital

2974.0 ₹

Annualized return

22.56 %

Momentum equity curve on ELECTROSTEEL CAST

The following chart shows the equity curve of the two momentum strategies applied to ELECTROSTEEL CAST:

ELECTROSTEEL CAST momentum equity

Note: the dividends potentially given by ELECTROSTEEL CAST are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ELECTROSTEEL CAST

The following chart shows the employed capital evolution of the two momentum strategies on ELECTROSTEEL CAST since the beginning:

ELECTROSTEEL CAST

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on ELECTROSTEEL CAST

Buy the dip entry openings on ELECTROSTEEL CAST

ELECTROSTEEL CAST

The performance achieved by the robo-advisor on ELECTROSTEEL CAST is 55.6%. That represents 144.65$ of latent gain with 260.15₹ of employed capital. The following chart shows ELECTROSTEEL CAST stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of ELECTROSTEEL CAST, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

55.6 %

Latent gain

144.65 ₹

Invested capital

260.15 ₹

Annualized return

25.05 %

Equity curve of the strategy applied to ELECTROSTEEL CAST

The following chart shows the result of the investment strategy applied to ELECTROSTEEL CAST:

ELECTROSTEEL CAST

Note: the dividends potentially given by ELECTROSTEEL CAST are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ELECTROSTEEL CAST

The following chart shows the employed capital evolution since the beginning of the investment strategy on ELECTROSTEEL CAST:

ELECTROSTEEL CAST

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on ELECTROSTEEL CAST

In this section, I will compare the three previous investment strategies applied to ELECTROSTEEL CAST.

Equity curve comparison on ELECTROSTEEL CAST

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

ELECTROSTEEL CAST investment strategy comparison

Employed capital comparison on ELECTROSTEEL CAST

ELECTROSTEEL CAST investment comparison

Performance comparison on ELECTROSTEEL CAST

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 94.05% 2336.55₹ 2484.25₹ 22.29%
Momentum 1 quarter 77.89% 3319.4₹ 4261.4₹ 19.57%
Momentum 2 quarters 84.37% 2509.2₹ 2974.0₹ 22.56%
Non-directional 55.6% 144.65₹ 260.15₹ 25.05%
Annualized return comparison

Automatic investment

22.29 %

Momentum 1Q

22.56 %

Momentum 2Q

22.56 %

Non-directional

25.05 %

Correlated stocks

Here are the most positively and negatively correlated stocks with ELECTROSTEEL CAST:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between ELECTROSTEEL CAST and the other stocks. There may be false positives or some missing correlated stocks. If the price of ELECTROSTEEL CAST does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name ELECTROSTEEL CAST
Country India
City Kolkata
Address G.K. Tower
Phone 91 33 2283 9990
Website www.electrosteel.com
FullTime employees
Industry Steel
Sector Basic Materials
Exchange XNSE
Ticker ELECTCAST.XNSE
Market

ELECTROSTEEL CAST ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown