| 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
- ₹72.34
- Market cap
- ₹4,472 Cr
- Revenue (annual)
- ₹5,918 Cr
- Net profit (annual)
- ₹161.4 Cr
- P/E (TTM)
- 37.0×Sector 19.0×
- 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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- Value
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Electrosteel Castings Earnings Call Transcript: Key Takeaways
Q1 FY27 saw consolidated revenue of Rs. 1,465 cr and PAT of Rs. 48.4 cr. Domestic demand remains soft, but management is focused on structural cost optimization and international expansion.
Electrosteel Castings Q1 FY27 Results: Net Profit ₹48.4 Cr, Down 45.7% YoY
Electrosteel Castings Ltd reported revenue from operations of ₹1,426 Cr (-8.5% YoY) and net profit of ₹48.4 Cr (-45.7% YoY) for Q1 FY27.
- Key figure
- Net profit ₹48.4 Cr · -45.7% YoY
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Electrosteel Castings reports a challenging FY26 due to domestic slowdown and fund delays in the Jal Jeevan Mission, resulting in a 25% annual volume decline.
Electrosteel Castings Earnings Call: Key Takeaways
Electrosteel Castings reported a decline in FY26 consolidated performance with revenue down 19.2% YoY and PAT down 77.2% YoY, primarily due to slowing domestic demand for DI pipes.