Electrosteel Castings
71.94
-0.84(-1.15%)
Market Cap₹4,447.22 Cr
PE Ratio14.34
Company Performance:
1D-1.15%
1M-2.90%
6M-28.64%
1Y-26.33%
5Y+197.89%
View Company Insightsright
More news about Electrosteel Castings
07Jan 26
Supreme Court Upholds NCLAT Decision Dismissing IBC Petition Against Electrosteel
The Supreme Court has upheld the NCLAT's decision to dismiss UV Asset Reconstruction's insolvency petition against Electrosteel Castings, reaffirming that the company cannot be treated as a guarantor for Electrosteel Steels Limited's financial facilities. The ruling also clarifies that Vedanta's resolution plan for ESL does not extinguish all debts against third security providers.
 no imag found
22Dec 25
Electrosteel Castings Completes Rs 50 Crore Commercial Paper Redemption
Electrosteel Castings Limited has completed the redemption of its Commercial Paper worth Rs 50 crores on December 22, 2025, meeting the exact maturity date through BSE Limited. The redemption, conducted under SEBI guidelines with ISIN code INE086A14881, reflects the company's strong financial position supported by improved balance sheet metrics including 13.07% growth in total equity and reduced current liabilities.
 no imag found
21Nov 25
Electrosteel Castings Secures ₹253.04 Crore Partial Compensation from Ministry of Coal
Electrosteel Castings Limited has been awarded a partial final compensation of ₹253.04 crores by the Ministry of Coal for its Parbatpur Coal Mine. The order covers the Geological Report cost and hard cost component of Shafts and Inclines. Land compensation and soft cost components remain pending. An additional claim of ₹34.56 crores for an updated Geological Report is yet to be settled. The company states this compensation will materially impact its financials.
 no imag found
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.
 no imag found
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.
 no imag found
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.
 no imag found
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.
 no imag found
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.
 no imag found
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.
 no imag found
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.
 no imag found
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.
 no imag found
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.
 no imag found
Electrosteel Castings
71.94
-0.84
(-1.15%)
1 Year Returns:-26.33%
Industry Peers
APL Apollo Tubes
1,929.80
(-4.15%)
Welspun Corp
795.00
(-3.23%)
Ratnamani Metals & Tubes
2,346.80
(-2.28%)
Gallantt Ispat
548.15
(-1.39%)
Jindal SAW
189.35
(-4.39%)
Usha Martin
397.15
(-3.64%)
Maharashtra Seamless
554.20
(-1.76%)