Electrosteel Castings
72.25
-1.69(-2.29%)
Market Cap₹4,466.38 Cr
PE Ratio9.22
Company Performance:
1D-2.29%
1M-4.53%
6M-34.62%
1Y-41.16%
5Y+221.11%
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More news about Electrosteel Castings
10Nov 25
Electrosteel Castings Anticipates Improved Execution from FY27 Amid Temporary Slowdown
Electrosteel Castings Limited (ECL) reported a decline in financial performance for Q2 and H1 FY26. Total income decreased by 19.40% YoY to INR 1491.00 crores in Q2 FY26, with PAT falling 49.60% to INR 78.00 crores. EBITDA margin contracted by 301 bps to 12.60%. Sales volume of DI Pipes, Fittings, and CI Pipes decreased to 1.39 Lakh tons. Despite current challenges, ECL remains optimistic about long-term growth, expecting improved execution from FY27. The company approved acquisition of a 70% stake in Arabian Water Tech LLC and incorporated Electrosteel Vietnam Limited as a wholly-owned subsidiary.
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10Nov 25
Electrosteel Castings Reports H1 Results, Acquires Stake in Oman Company and Incorporates Vietnam Subsidiary
Electrosteel Castings Limited announced its financial results for the half year ended September 30, 2025, reporting a total consolidated income of Rs 307,663.13 lakh and a profit after tax of Rs 16,736.53 lakh. The company approved the acquisition of a 70% stake in Arabian Water Tech LLC in Oman for approximately Rs 50.00 lakh. Additionally, its subsidiary incorporated Electrosteel Vietnam Limited as a wholly-owned step-down subsidiary. The company also renamed its Corporate Social Responsibility Committee to include Sustainability.
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06Aug 25
Electrosteel Castings Expands Global Footprint with Italian Valve Manufacturer Acquisition
Electrosteel Castings Limited (ECL) has acquired T.I.S. Service S.P.A (TIS), an Italian valve manufacturer, for €11.5 million. The acquisition, completed on July 29, 2025, gives ECL 100% ownership of TIS, enhancing its product portfolio and global presence in the water infrastructure sector. TIS brings innovative technology, including the FR line product that converts pressure dispersion into electricity. ECL's Q1 FY26 financial results show a decline in revenue and profits, attributed to a temporary slowdown in Jal Jeevan Mission funding.
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06Aug 25
Electrosteel Castings Reports Significant Decline in Q1 FY26 Profitability Amid Market Challenges
Electrosteel Castings Limited experienced a significant downturn in Q1 FY26 financial performance. Consolidated total income decreased by 22.1% to Rs. 1,586.00 crores, EBITDA fell by 47.5% to Rs. 198.00 crores, and PAT dropped by 60.6% to Rs. 89.00 crores compared to Q1 FY25. The company attributed the decline to a temporary slowdown in Jal Jeevan Mission funding. Sales volume of DI Pipe, Fittings, and CI Pipe decreased by 20.9% to 1.63 lakh tons. Post-quarter, the company acquired Italy-based T.I.S Service S.p.A for €11.5 million to strengthen its position in valve manufacturing. Electrosteel faces challenges from the Revocation of West Bengal Incentive Schemes Act, 2025, and continues to address ongoing legal matters.
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30Jul 25
Electrosteel Castings Completes €11.50 Million Acquisition of Italian Firm T.I.S Services
Electrosteel Castings Limited has completed the acquisition of T.I.S Services S.p.A, an Italy-based company, for €11.50 million. The Indian manufacturer purchased 30,00,000 equity shares, representing 100% shareholding of T.I.S Services, making it a wholly owned subsidiary. The acquisition process began on May 28 with board approval, followed by a Share Purchase Agreement on May 29, and concluded on July 30 with the share transfer. This move is part of Electrosteel Castings' international expansion strategy and could enhance its presence in the European market.
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19May 25
Electrosteel Castings to Receive ₹499 Crore Provisional Compensation from Coal Ministry
Electrosteel Castings Ltd is set to receive a provisional compensation of ₹499.00 crore from the Ministry of Coal. The specific reasons for the compensation have not been disclosed. This substantial amount is expected to positively impact the company's financial position, though the order's provisional nature suggests potential future developments. Electrosteel Castings has not yet released an official statement regarding the compensation or its planned utilization.
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16May 25
Electrosteel Castings to Receive ₹499.00 Crore Provisional Compensation from Coal Ministry
Electrosteel Castings Ltd is set to receive a provisional compensation of ₹499.00 crore from the Ministry of Coal. The compensation order has been issued, though specific details and reasons remain undisclosed. This substantial amount is expected to significantly impact the company's financial position. The provisional nature of the order suggests further developments may follow. Electrosteel Castings has not yet released an official statement regarding this compensation.
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10May 25
Electrosteel Castings Reports Mixed Q4 Results: Profit Down YoY, Declares Dividend
Electrosteel Castings announced its Q4 FY22-23 results, showing a year-over-year decline but sequential improvement. The company reported a consolidated net profit of ₹1.70 billion, down 26.09% YoY but up 6.25% QoQ. Revenue decreased 15% YoY to ₹17.00 billion, while EBITDA fell 46.67% YoY to ₹1.60 billion. The EBITDA margin contracted to 9.38% from 15.53% in the previous year. Despite challenges, the company declared a dividend of ₹1.40 per share.
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20Feb 25
Electrosteel Castings Settles SEBI Insider Trading Case for ₹18.64 Crore
Electrosteel Castings Ltd has reached a settlement with SEBI in an insider trading case related to its amalgamation with Srikalahasthi Pipes. The company and 15 applicants, including officials and related entities, will pay a total fine of ₹18.64 crore. Some individuals face debarment for up to 6 months. The case highlights SEBI's commitment to market integrity and the importance of compliance during significant corporate events.
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Electrosteel Castings
72.25
-1.69
(-2.29%)
1 Year Returns:-41.16%
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