- Total income
- ₹7,640 Cr
- Profit
- ₹710 Cr

About Electrosteel Castings Ltd
Data last updated:
Electrosteel Castings Ltd is a public limited company based in Sundergarh, Odisha, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 26 November 1955 and has been in existence for over 71 years.
Electrosteel Castings is ranked #333 on the Fortune India 500 (2025). Its director Mayank Kejriwal and family are #941 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN L27310OR1955PLC000310. Its GSTIN is 21AAACE4975B2Z3 (Odisha). The company holds 23 GST registrations, of which 12 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500128 and NSE: ELECTCAST.
The company has an authorised share capital of ₹103.02 Cr and a paid-up capital of ₹61.82 Cr. It was formerly known as Dalmia Iron and Steel Limited. It is led by directors including Umang Kejriwal (Managing Director) and Mayank Kejriwal (Managing Director).
Its last annual general meeting (AGM) was held on 31 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Rathod Colony Rajgangpur, Sundergarh, Odisha, India – 770017.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹5,918.02 Cr, a decline of 19.2% compared to the previous year. For the same year it recorded a net profit of ₹177.7 Cr (net margin 3%) and EBITDA of ₹320.59 Cr (EBITDA margin 5.4%). The net worth stands at ₹5,923.32 Cr (up 2.5% YoY). Total assets are valued at ₹8,139.01 Cr (down 4.7% YoY).
The company has about 2,968 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Electrosteel. As per MCA filings, the company has open charges of ₹15,919 Cr and satisfied charges of ₹12,345 Cr on record. Court records list 407 cases involving the company, including 274 filed by the company and 134 filed against it; 83 cases are pending. The company has 17 deals on record (14 market trades, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹200 Cr; the latest was in March 2026. Its 8 peer companies in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 4 smaller; the largest is Jindal Saw Limited with revenue of ₹20,948 Cr. The company has 9 MSME Form 1 returns on record between 2020 and 2023, listing 250 overdue payments to 62 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website electrosteel.com.
Company details
CIN history
Electrosteel Castings has one previous CIN (Corporate Identification Number): U27310OR1955PTC000310. The current CIN is L27310OR1955PLC000310, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27310OR1955PLC000310 | Current |
| U27310OR1955PTC000310 | Previous |
Recognitions & Rankings of Electrosteel Castings
- Valuation
- ₹10,400 Cr
- #941 Mayank Kejriwal & family ₹3,100 Cr
Contact details
Electrosteel Castings Ltd's registered office is in Sundergarh, Orissa. Its website is electrosteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRathod Colony Rajgangpur, Sundergarh, Odisha, India – 770017
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Electrosteel Castings Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Electrosteel Castings operates one associated brand: Electrosteel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of ductile iron pipes | electrosteel.com |
Business activity
The main business activity of Electrosteel Castings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Electrosteel Castings Ltd, buy the company report.
Financials of Electrosteel Castings Ltd
FY 2025-26 filings availableElectrosteel Castings Ltd reported revenue of ₹5,918.02 Cr (down 19.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,918 | 7,320 | 7,478 | 7,276 | 5,281 | 3,474 | 2,711 |
| Revenue growth | -19.2% | -2.1% | +2.8% | +37.8% | +52.0% | +28.2% | - |
| EBITDA | 321 | 1,036 | 1,178 | 738 | 691 | 190 | 366 |
| EBITDA margin | +5.4% | +14.2% | +15.8% | +10.1% | +13.1% | +5.5% | +13.5% |
| Profit before tax | 219 | 856 | 937 | 415 | 444 | (56.00) | 114 |
| Net profit | 178 | 716 | 754 | 319 | 343 | 209 | 180 |
| Net profit margin | +3.0% | +9.8% | +10.1% | +4.4% | +6.5% | +6.0% | +6.6% |
| EPS (₹) | 2.61 | 11.48 | 11.97 | 5.31 | 5.84 | (1.53) | 3.72 |
| Balance sheet | |||||||
| Total assets | 8,139 | 8,540 | 7,766 | 7,158 | 7,210 | 6,013 | 4,744 |
| Net worth | 5,923 | 5,782 | 5,113 | 4,383 | 4,103 | 3,726 | 2,880 |
| Total debt | 1,561 | 2,125 | 2,335 | 2,667 | 2,967 | 2,138 | 1,736 |
| Cash & bank | 333 | 206 | 400 | 412 | 519 | 510 | 99.88 |
| Net working capital | 3,095 | 3,639 | 3,394 | 3,177 | 3,061 | 2,101 | 1,296 |
| Cash flow | |||||||
| Cash from operations | 1,147 | 480 | 803 | 452 | (279) | 444 | 225 |
| Cash from investing | (119) | (138) | (36.52) | 168 | (329) | 129 | (20.40) |
| Cash from financing | (900) | (454) | (718) | (604) | 609 | (419) | (220) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,426 | 1,493 | 1,472 | 1,396 | 1,558 | 1,701 | 1,780 | 1,828 |
| Revenue growth (YoY) | -8.5% | -12.2% | -17.3% | -23.6% | -22.6% | - | - | - |
| Other income | 39.24 | 37.48 | 53.95 | 95.16 | 27.99 | 38.65 | 39.21 | 21.15 |
| EBITDA | 100 | 61.79 | (4.28) | 92.85 | 170 | 160 | 255 | 268 |
| EBITDA margin | +7.0% | +4.1% | -0.3% | +6.7% | +10.9% | +9.4% | +14.3% | +14.6% |
| Depreciation | 43.40 | 44.38 | 44.60 | 42.91 | 40.67 | 37.38 | 36.74 | 36.09 |
| Interest | 27.19 | 32.22 | 36.88 | 38.28 | 36.36 | 34.51 | 44.65 | 40.26 |
| Profit before tax | 68.65 | 22.67 | (31.81) | 107 | 121 | 126 | 213 | 212 |
| Tax | 20.29 | 6.67 | (9.94) | 28.53 | 32.13 | (41.95) | 52.58 | 57.27 |
| Net profit | 48.36 | 16.00 | (21.87) | 78.29 | 89.07 | 168 | 160 | 155 |
| EPS (₹) | 0.78 | 0.26 | (0.35) | 1.27 | 1.44 | 2.72 | 2.59 | 2.51 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,033 | 6,746 | 6,938 | 6,916 | 5,015 | 3,076 | 2,480 |
| Revenue growth | -25.4% | -2.8% | +0.3% | +37.9% | +63.1% | +24.0% | - |
| EBITDA | 266 | 1,022 | 1,140 | 722 | 636 | 387 | 354 |
| EBITDA margin | +5.3% | +15.2% | +16.4% | +10.5% | +12.7% | +12.6% | +14.3% |
| Profit before tax | 185 | 847 | 930 | 433 | 419 | 172 | 124 |
| Net profit | 152 | 722 | 756 | 341 | 323 | 133 | 100 |
| Net profit margin | +3.0% | +10.7% | +10.9% | +4.9% | +6.4% | +4.3% | +4.0% |
| EPS (₹) | 2.12 | 11.52 | 11.91 | 5.63 | 5.48 | 2.20 | 2.28 |
| Balance sheet | |||||||
| Total assets | 7,550 | 8,094 | 7,342 | 6,832 | 6,855 | 5,672 | 4,220 |
| Net worth | 5,683 | 5,637 | 4,992 | 4,270 | 3,987 | 3,637 | 2,549 |
| Total debt | 1,217 | 1,828 | 2,035 | 2,456 | 2,729 | 1,888 | 1,538 |
| Cash & bank | 207 | 148 | 343 | 382 | 457 | 451 | 62.66 |
| Net working capital | 2,537 | 3,281 | 3,058 | 2,905 | 2,729 | 1,786 | 1,050 |
| Cash flow | |||||||
| Cash from operations | 1,056 | 428 | 678 | 398 | (325) | 472 | 238 |
| Cash from investing | (171) | (128) | (9.35) | 207 | (306) | 196 | (16.27) |
| Cash from financing | (827) | (412) | (648) | (556) | 631 | (537) | (256) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,091 | 1,197 | 1,242 | 1,192 | 1,402 | 1,563 | 1,659 | 1,692 |
| Revenue growth (YoY) | -22.2% | -23.4% | -25.2% | -29.5% | -23.5% | - | - | - |
| Other income | 27.51 | 31.95 | 48.75 | 90.96 | 23.80 | 38.16 | 16.13 | 20.34 |
| Total expenses | 1,048 | 1,171 | 1,246 | 1,110 | 1,240 | 1,388 | 1,395 | 1,443 |
| EBITDA | 43.08 | 25.32 | (4.60) | 82.58 | 162 | 175 | 264 | 249 |
| EBITDA margin | +3.9% | +2.1% | -0.4% | +6.9% | +11.6% | +11.2% | +15.9% | +14.7% |
| Depreciation | 36.60 | 37.55 | 37.74 | 37.54 | 36.57 | 33.04 | 33.09 | 31.40 |
| Interest | 21.82 | 27.40 | 32.71 | 34.03 | 32.59 | 30.59 | 39.93 | 34.59 |
| Profit before tax | 12.17 | (7.68) | (26.30) | 102 | 117 | 149 | 207 | 204 |
| Tax | 6.25 | 3.01 | (6.29) | 25.99 | 30.94 | (41.39) | 49.63 | 51.75 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,426 | 1,493 | 1,472 | 1,396 | 1,558 | 1,701 | 1,780 | 1,828 |
| Revenue growth (YoY) | -8.5% | -12.2% | -17.3% | -23.6% | -22.6% | - | - | - |
| Other income | 39.24 | 37.48 | 53.95 | 95.16 | 27.99 | 38.65 | 39.21 | 21.15 |
| EBITDA | 100 | 61.79 | (4.28) | 92.85 | 170 | 160 | 255 | 268 |
| EBITDA margin | +7.0% | +4.1% | -0.3% | +6.7% | +10.9% | +9.4% | +14.3% | +14.6% |
| Depreciation | 43.40 | 44.38 | 44.60 | 42.91 | 40.67 | 37.38 | 36.74 | 36.09 |
| Interest | 27.19 | 32.22 | 36.88 | 38.28 | 36.36 | 34.51 | 44.65 | 40.26 |
| Profit before tax | 68.65 | 22.67 | (31.81) | 107 | 121 | 126 | 213 | 212 |
| Tax | 20.29 | 6.67 | (9.94) | 28.53 | 32.13 | (41.95) | 52.58 | 57.27 |
| Net profit | 48.36 | 16.00 | (21.87) | 78.29 | 89.07 | 168 | 160 | 155 |
| EPS (₹) | 0.78 | 0.26 | (0.35) | 1.27 | 1.44 | 2.72 | 2.59 | 2.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,918 | 7,320 | 7,478 | 7,276 | 5,281 | 3,474 | 2,711 |
| Revenue growth | -19.2% | -2.1% | +2.8% | +37.8% | +52.0% | +28.2% | - |
| Other income | 215 | 123 | 102 | 84.92 | 62.78 | 52.75 | 33.21 |
| Total expenses | 5,597 | 6,284 | 6,300 | 6,538 | 4,590 | 3,285 | 2,345 |
| Employee cost | 595 | 552 | 477 | 430 | 398 | 297 | 227 |
| EBITDA | 321 | 1,036 | 1,178 | 738 | 691 | 190 | 366 |
| EBITDA margin | +5.4% | +14.2% | +15.8% | +10.1% | +13.1% | +5.5% | +13.5% |
| Depreciation | 173 | 142 | 125 | 121 | 115 | 89.99 | 57.15 |
| Interest | 144 | 161 | 219 | 286 | 195 | 208 | 228 |
| Profit before tax | 219 | 856 | 937 | 415 | 444 | (56.00) | 114 |
| Tax | 57.39 | 146 | 197 | 99.17 | 96.72 | 40.21 | 28.20 |
| Net profit | 178 | 716 | 754 | 319 | 343 | 209 | 180 |
| Net profit margin | +3.0% | +9.8% | +10.1% | +4.4% | +6.5% | +6.0% | +6.6% |
| EPS (₹) | 2.61 | 11.48 | 11.97 | 5.31 | 5.84 | (1.53) | 3.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 61.82 | 61.82 | 61.82 | 59.46 | 59.46 | 59.46 | 43.30 |
| Reserves & surplus | 5,862 | 5,720 | 5,051 | 4,298 | 4,044 | 3,667 | 2,837 |
| Shareholders' funds (net worth) | 5,923 | 5,782 | 5,113 | 4,383 | 4,103 | 3,726 | 2,880 |
| Minority interest | 1.04 | 1.13 | 1.53 | 1.10 | 1.40 | 1.51 | 1.22 |
| Secured loans | 1,192 | 1,386 | 1,419 | 1,875 | 2,621 | 2,002 | 1,456 |
| Unsecured loans | 369 | 739 | 916 | 793 | 346 | 135 | 280 |
| Total debt | 1,561 | 2,125 | 2,335 | 2,667 | 2,967 | 2,138 | 1,736 |
| Total liabilities | 8,139 | 8,540 | 7,766 | 7,158 | 7,210 | 6,013 | 4,744 |
| Assets | |||||||
| Gross block | 4,416 | 4,090 | 3,767 | 3,482 | 3,403 | 3,207 | 1,993 |
| Net block | 3,212 | 3,102 | 2,928 | 2,731 | 2,763 | 2,633 | 1,703 |
| Capital work in progress | 1,186 | 1,249 | 1,229 | 1,302 | 1,208 | 1,337 | 1,166 |
| Investments | 578 | 145 | 204 | 161 | 457 | 202 | 747 |
| Inventories | 2,398 | 2,464 | 2,273 | 2,269 | 2,245 | 1,229 | 897 |
| Sundry debtors | 1,071 | 1,483 | 1,365 | 1,056 | 942 | 769 | 618 |
| Cash & bank balances | 333 | 206 | 400 | 412 | 519 | 510 | 99.88 |
| Loans & advances | 369 | 407 | 392 | 481 | 423 | 369 | 288 |
| Total current assets | 4,170 | 4,559 | 4,432 | 4,218 | 4,129 | 2,877 | 1,903 |
| Total current liabilities | 1,075 | 921 | 1,038 | 1,041 | 1,068 | 777 | 606 |
| Net working capital | 3,095 | 3,639 | 3,394 | 3,177 | 3,061 | 2,101 | 1,296 |
| Total assets | 8,139 | 8,540 | 7,766 | 7,158 | 7,210 | 6,013 | 4,744 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 167 | 279 | 230 | 214 | 213 | 59.46 | 75.01 |
| Net cash from operating activities | 1,147 | 480 | 803 | 452 | (279) | 444 | 225 |
| Net cash from investing activities | (119) | (138) | (36.52) | 168 | (329) | 129 | (20.40) |
| Net cash from financing activities | (900) | (454) | (718) | (604) | 609 | (419) | (220) |
| Net change in cash | 127 | (112) | 48.59 | 16.76 | 0.74 | 154 | (15.56) |
| Closing cash | 333 | 206 | 400 | 412 | 519 | 510 | 99.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -19.2% | -2.1% | +2.8% | +37.8% | +52.0% | +28.2% | - |
| EBITDA growth | -69.1% | -12.1% | +59.8% | +6.8% | +264.4% | -48.2% | - |
| PBT growth | -74.4% | -8.7% | +125.6% | -6.5% | +9998.0% | - | +9998.0% |
| Net income growth | -75.2% | -5.0% | +136.6% | -7.1% | +64.1% | +16.1% | - |
| Revenue CAGR (3Y) | -6.7% | +11.5% | +29.1% | +39.0% | +25.1% | +15.4% | +9.3% |
| EBITDA CAGR (3Y) | -24.3% | +14.5% | +83.9% | +26.3% | +55.6% | -9.5% | +8.3% |
| Profitability & leverage | |||||||
| Net income margin | +2.7% | +9.7% | +9.9% | +4.4% | +6.6% | -2.8% | +3.2% |
| Return on capital employed | +4.6% | +12.5% | +15.5% | +9.8% | +9.7% | +7.4% | +7.9% |
| Return on net worth | +3.0% | +13.0% | +15.6% | +7.5% | +8.9% | +6.2% | +3.8% |
| Debt / equity | 0.31 | 0.41 | 0.53 | 0.66 | 0.65 | 0.59 | 0.63 |
| Long-term debt / equity | 0.05 | 0.07 | 0.13 | 0.20 | 0.22 | 0.24 | 0.28 |
| Interest cover | 97.10 | 17.98 | 20.76 | 46.38 | 33.79 | 209.18 | 73.68 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.39 | 1.86 | 2.06 | 2.11 | 1.60 | 1.34 | 1.40 |
| Inventory turnover | 2.43 | 3.09 | 3.29 | 3.22 | 3.04 | 3.27 | 3.28 |
| Debtors turnover | 4.64 | 5.14 | 6.18 | 7.28 | 6.17 | 5.01 | 4.42 |
| EPS (₹) | 2.61 | 11.48 | 11.97 | 5.31 | 5.84 | (1.53) | 3.72 |
| Dividend per share (₹) | 0.90 | 1.40 | 1.40 | 0.90 | 0.80 | 0.25 | 0.30 |
| Book value per share (₹) | 95.82 | 93.53 | 82.71 | 73.29 | 69.01 | 62.66 | 66.52 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,091 | 1,197 | 1,242 | 1,192 | 1,402 | 1,563 | 1,659 | 1,692 |
| Revenue growth (YoY) | -22.2% | -23.4% | -25.2% | -29.5% | -23.5% | - | - | - |
| Other income | 27.51 | 31.95 | 48.75 | 90.96 | 23.80 | 38.16 | 16.13 | 20.34 |
| Total expenses | 1,048 | 1,171 | 1,246 | 1,110 | 1,240 | 1,388 | 1,395 | 1,443 |
| EBITDA | 43.08 | 25.32 | (4.60) | 82.58 | 162 | 175 | 264 | 249 |
| EBITDA margin | +3.9% | +2.1% | -0.4% | +6.9% | +11.6% | +11.2% | +15.9% | +14.7% |
| Depreciation | 36.60 | 37.55 | 37.74 | 37.54 | 36.57 | 33.04 | 33.09 | 31.40 |
| Interest | 21.82 | 27.40 | 32.71 | 34.03 | 32.59 | 30.59 | 39.93 | 34.59 |
| Profit before tax | 12.17 | (7.68) | (26.30) | 102 | 117 | 149 | 207 | 204 |
| Tax | 6.25 | 3.01 | (6.29) | 25.99 | 30.94 | (41.39) | 49.63 | 51.75 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,033 | 6,746 | 6,938 | 6,916 | 5,015 | 3,076 | 2,480 |
| Revenue growth | -25.4% | -2.8% | +0.3% | +37.9% | +63.1% | +24.0% | - |
| Other income | 195 | 93.93 | 106 | 96.52 | 80.33 | 62.32 | 41.82 |
| Total expenses | 4,767 | 5,724 | 5,798 | 6,194 | 4,379 | 2,689 | 2,126 |
| Employee cost | 414 | 436 | 393 | 358 | 326 | 235 | 172 |
| EBITDA | 266 | 1,022 | 1,140 | 722 | 636 | 387 | 354 |
| EBITDA margin | +5.3% | +15.2% | +16.4% | +10.5% | +12.7% | +12.6% | +14.3% |
| Depreciation | 149 | 127 | 114 | 114 | 113 | 78.67 | 52.74 |
| Interest | 127 | 142 | 202 | 272 | 185 | 199 | 220 |
| Profit before tax | 185 | 847 | 930 | 433 | 419 | 172 | 124 |
| Tax | 53.63 | 135 | 194 | 98.02 | 93.00 | 40.67 | 24.95 |
| Net profit | 152 | 722 | 756 | 341 | 323 | 133 | 100 |
| Net profit margin | +3.0% | +10.7% | +10.9% | +4.9% | +6.4% | +4.3% | +4.0% |
| EPS (₹) | 2.12 | 11.52 | 11.91 | 5.63 | 5.48 | 2.20 | 2.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 61.82 | 61.82 | 61.82 | 59.46 | 59.46 | 59.46 | 43.30 |
| Reserves & surplus | 5,622 | 5,575 | 4,930 | 4,186 | 3,928 | 3,577 | 2,505 |
| Shareholders' funds (net worth) | 5,683 | 5,637 | 4,992 | 4,270 | 3,987 | 3,637 | 2,549 |
| Secured loans | 1,016 | 1,194 | 1,398 | 1,824 | 2,561 | 1,782 | 1,293 |
| Unsecured loans | 201 | 634 | 637 | 632 | 168 | 106 | 246 |
| Total debt | 1,217 | 1,828 | 2,035 | 2,456 | 2,729 | 1,888 | 1,538 |
| Total liabilities | 7,550 | 8,094 | 7,342 | 6,832 | 6,855 | 5,672 | 4,220 |
| Assets | |||||||
| Gross block | 3,970 | 3,836 | 3,614 | 3,363 | 3,295 | 3,112 | 1,906 |
| Net block | 2,969 | 2,947 | 2,819 | 2,645 | 2,688 | 2,557 | 1,633 |
| Capital work in progress | 1,185 | 1,249 | 1,228 | 1,302 | 1,208 | 1,328 | 1,165 |
| Investments | 802 | 251 | 268 | 225 | 520 | 266 | 540 |
| Inventories | 1,600 | 1,884 | 1,738 | 1,694 | 1,841 | 965 | 614 |
| Sundry debtors | 1,223 | 1,712 | 1,562 | 1,310 | 1,042 | 730 | 638 |
| Cash & bank balances | 207 | 148 | 343 | 382 | 457 | 451 | 62.66 |
| Loans & advances | 298 | 334 | 317 | 432 | 383 | 336 | 258 |
| Total current assets | 3,328 | 4,078 | 3,961 | 3,817 | 3,723 | 2,481 | 1,572 |
| Total current liabilities | 792 | 798 | 902 | 912 | 995 | 695 | 523 |
| Net working capital | 2,537 | 3,281 | 3,058 | 2,905 | 2,729 | 1,786 | 1,050 |
| Total assets | 7,550 | 8,094 | 7,342 | 6,832 | 6,855 | 5,672 | 4,220 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 110 | 222 | 201 | 152 | 153 | 22.24 | 56.47 |
| Net cash from operating activities | 1,056 | 428 | 678 | 398 | (325) | 472 | 238 |
| Net cash from investing activities | (171) | (128) | (9.35) | 207 | (306) | 196 | (16.27) |
| Net cash from financing activities | (827) | (412) | (648) | (556) | 631 | (537) | (256) |
| Net change in cash | 58.84 | (112) | 21.07 | 48.37 | (1.14) | 131 | (34.24) |
| Closing cash | 207 | 148 | 343 | 382 | 457 | 451 | 62.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -25.4% | -2.8% | +0.3% | +37.9% | +63.1% | +24.0% | - |
| EBITDA growth | -74.0% | -10.4% | +57.8% | +13.6% | +64.4% | +9.2% | - |
| PBT growth | -78.2% | -8.9% | +114.8% | +3.4% | +143.9% | +38.9% | +9998.0% |
| Net income growth | -79.0% | -4.4% | +121.6% | +5.6% | +143.6% | +32.2% | - |
| Revenue CAGR (3Y) | -10.1% | +10.4% | +31.2% | +40.8% | +28.0% | +15.0% | +11.4% |
| EBITDA CAGR (3Y) | -28.4% | +17.1% | +43.4% | +26.8% | - | +20.0% | +8.7% |
| Profitability & leverage | |||||||
| Net income margin | +2.6% | +10.6% | +10.6% | +4.8% | +6.5% | +4.3% | +4.0% |
| Return on capital employed | +4.3% | +12.8% | +16.0% | +10.3% | +9.6% | +7.5% | +8.1% |
| Return on net worth | +2.7% | +13.4% | +15.9% | +8.1% | +8.5% | +4.2% | +4.0% |
| Debt / equity | 0.27 | 0.36 | 0.48 | 0.63 | 0.61 | 0.55 | 0.64 |
| Long-term debt / equity | 0.04 | 0.06 | 0.12 | 0.19 | 0.22 | 0.25 | 0.31 |
| Interest cover | 109.02 | 15.85 | 19.68 | 44.74 | 35.39 | 64.53 | 72.91 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.29 | 1.81 | 1.99 | 2.08 | 1.57 | 1.23 | 1.34 |
| Inventory turnover | 2.89 | 3.72 | 4.04 | 3.91 | 3.57 | 3.90 | 4.22 |
| Debtors turnover | 3.43 | 4.12 | 4.83 | 5.88 | 5.66 | 4.50 | 4.00 |
| EPS (₹) | 2.12 | 11.52 | 11.91 | 5.63 | 5.48 | 2.20 | 2.28 |
| Dividend per share (₹) | 0.90 | 1.40 | 1.40 | 0.90 | 0.80 | 0.25 | 0.30 |
| Book value per share (₹) | 91.94 | 91.19 | 80.75 | 71.40 | 67.06 | 61.16 | 58.86 |
To see the full year-wise statements and ratios of Electrosteel Castings Ltd, buy the company report.
Board of directors of Electrosteel Castings Ltd
Electrosteel Castings has 17 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amrendra Prasad Verma Also directs: GPT Healthcare Limited, MSN Holdings Limited | Director | 22 Dec 2016 | 9 Years 10 Months | Current |
| Bal Kishan Choudhury Also directs: Siddhi Vinayak Exports & Trades Pvt. Ltd. | Director | 10 Feb 2022 | 4 Years 8 Months | Current |
| Priya Manjari Todi Also directs: Cubbon Marketing Pvt.Ltd. | Whole-Time Director | 14 Feb 2022 | 4 Years 8 Months | Current |
| Radha Kejriwal Agarwal Also directs: Electrocast Sales India Ltd, Oxford Heights Private Limited, Resina Developers Private Limited and 5 more | Whole-Time Director | 14 Feb 2022 | 4 Years 8 Months | Current |
| Virendra Sinha | Director | 14 Feb 2022 | 4 Years 8 Months | Current |
| Uddhav Kejriwal Also directs: G. K. & Sons Pvt Ltd, Murari Investment & Trading Co Ltd, Ellenbarrie Chemical Allied Pvt Ltd and 5 more | Whole-Time Director | 16 Jun 2003 | 23 Years 4 Months | Current |
Peer comparison
Electrosteel Castings Ltd is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jindal Saw Limited | ₹20,948 Cr (FY 2025) | -1.0% | Uttar Pradesh, India | |||
| Apl Apollo Tubes Limited | ₹20,786 Cr (FY 2025) | 14.0% | Delhi, India | |||
| Welspun Corp Limited | ₹14,167 Cr (FY 2025) | -19.0% | Anjar, Gujarat, India | |||
| Surya Roshni Limited | ₹7,465.55 Cr (FY 2025) | -5.0% | Bahadurgarh, Haryana, India | |||
| Electrosteel Castings Ltdthis company | ₹5,918.02 Cr (FY 2026) | ₹177.7 Cr | 3% | -19.2% | 2,968 | Sundergarh, Odisha, India |
| Maharashtra Seamless Limited | ₹5,465.89 Cr (FY 2025) | -1.0% | Raigad, Maharashtra, India | |||
| Ratnamani Metals and Tubes Limited | ₹5,246.09 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India | |||
| Apl Apollo Building Products Limited | ₹4,706.63 Cr (FY 2025) | 47.0% | Delhi, India | |||
| Skipper Limited | ₹4,644 Cr (FY 2025) | 41.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Electrosteel Castings Ltd, buy the company report.
Auditor
Electrosteel Castings Ltd is audited by Lodha & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lodha & Co. | FY 2023 | 301051E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 50.10%, foreign institutional investors hold 12.80%, domestic institutional investors hold 0.60% and retail and other public shareholders hold 36.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 50.10% | 50.10% | 46.20% | 46.20% |
| Public | 49.90% | 49.90% | 53.80% | 53.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2026 | 101253937 | Others | ₹150 Cr | Open | |
| 24 Oct 2025 | 101171035 | Yes Bank Limited | ₹150 Cr | Open | |
| 05 Sep 2025 | 101153279 | Hdfc Bank Limited | ₹55 Cr | Open | |
| 18 Nov 2024 | 101005586 | Others | ₹300 Cr | Open | |
| 19 Sep 2023 | 100802814 | Others | ₹300 Cr | Open |
To see the full charge records of Electrosteel Castings Ltd, buy the company report.
Total charge records: 96 View all charges
Deals & funding
Electrosteel Castings Ltd has 17 deals on record (14 market trades, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹200 Cr; the latest was in March 2026.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹143.5 Cr | Buyer: Electrosteel Thermal Coal Limited Seller: India Opportunities Growth Fund Ltd - Pinewood Strategy |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: Maithan Alloys Ltd. |
| Sep 2024 | Market trade | ₹219.48 Cr | Seller: India Opportunities Growth Fund Ltd - Pinewood Strategy |
| Apr 2024 | Market trade | ₹63.35 Cr | Buyer: Ishares Ii Public Limited Company - Ishares Global Water Ucits Etf |
| Mar 2005 | Market trade | ₹18.64 Cr | Buyer: Sam Global Securities Ltd, H J Securities Private Limited Seller: Sam Global Securities Ltd, H J Securities Private Limited |
To see the full deal history of Electrosteel Castings Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Electrosteel Castings Ltd has 407 court cases on record: 274 filed by Electrosteel Castings, 134 filed against it. 83 cases are pending and 324 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 306 | 73 | 59 |
| District courts | 58 | 36 | 17 |
| Supreme Court | 36 | 22 | 4 |
| NCLAT | 7 | 3 | 3 |
Cases on record (5 of 407)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0304-Arbitration Law and Other Alternative Dispute Resolution : Challenge to arbitral award, matters relating to execution under Section 36, under Section 34/Section 37 of the Arbitration & Conciliation Act, 1996 and challenges to arbitral award under Arbitration Act, 1940) | Filed against the company by Union of India and 1 other | Pending |
| District court, Ranchi, Jharkhand | Court case (CBC) | Filed against the company by M/S Steel Authority of India Limited (Sail) Through Rajesh Kumar | Pending |
| High Court | Court case (APOT) | Filed against the company by West Bengal Industrial Development Corporation Limited Suddhadev Adak | Pending |
| Supreme Court | Court case (0405-Indirect Taxes Matters : Sales Tax Act (Central & various States)) | Filed against the company by Electrosteel Castings Ltd. Office at 19, Camac Street, Kolkata &Ndash; 700017 ,Kolkata , West Bengal | Pending |
| Supreme Court | Court case (0405-Indirect Taxes Matters : Sales Tax Act (Central & various States)) | Filed by the company against Anand Krishna Prasad Shareholder of Electrosteel Castings Ltd. Working for Gain at 30, BT Road, Khardah, Po Sukchar ,Kolkata , West Bengal and 6 others | Pending |
To see the full case history of Electrosteel Castings Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Electrosteel Castings Ltd was last rated by Indiarating on 29 Nov 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 29 Nov 2022 |
To see the full credit ratings and regulatory alerts of Electrosteel Castings Ltd, buy the company report.
MSME payment delays
Electrosteel Castings Ltd has 9 MSME Form 1 returns on record between 2020 and 2023, listing 250 overdue payments to 62 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 62)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ihm Valves Private Limited | |||
| Chains and Spares Corporation | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Electrosteel Castings Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Electrosteel Castings has 2 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Electrosteel Castings Ltd has a workforce of 2,968 employees on its EPFO records as of Mar 31, 2024, across 4 active EPFO establishments.
GST
Electrosteel Castings has 23 GST registrations: 12 active and 11 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACE4975B2Z3 | Odisha | Active | 23 May 2024 |
| 08AAACE4975B1ZS | Rajasthan | Active | 01 Jul 2017 |
| 20AAACE4975B3Z4 | Jharkhand | Active | 01 Jul 2017 |
| 24AAACE4975B1ZY | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Electrosteel Castings Ltd, buy the company report.
Recent activity
Electrosteel Castings Ltd has 53 board changes on record since 1972: 35 appointments and 18 cessations. The latest: Bikramjit Ghosh was appointed as Director on 30 Aug 2025.
282 earlier events are in the company report.
News
Frequently asked questions
Electrosteel Castings is an active public limited company based in Sundergarh, Odisha, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 26 November 1955 (71+ years old) and is registered under CIN L27310OR1955PLC000310. Listed on BSE: 500128 and NSE: ELECTCAST.
Electrosteel Castings reported revenue of ₹5,918.02 Cr for FY 2025-26 (down 19.2% YoY) based on consolidated financials.
Electrosteel Castings has 17 current directors:
- Umang Kejriwal - Managing Director
- Mayank Kejriwal - Managing Director
- Priya Manjari Todi - Whole-Time Director
- Radha Kejriwal Agarwal - Whole-Time Director
- Uddhav Kejriwal - Whole-Time Director
- Sunil Katial - Whole-Time Director
- Nityangi Kejriwal Jaiswal - Whole-Time Director
- Madhav Kejriwal - Whole-Time Director
- Amrendra Prasad Verma - Director
- Bal Kishan Choudhury - Director
- Virendra Sinha - Director
- Vyas Mitre Ralli - Director
- Mohua Banerjee - Director
- Rajkumar Khanna - Director
- Jinendra Jain - Director
- Bikramjit Ghosh - Director
- Sangeeta Singh - Director
The latest financial statements of Electrosteel Castings on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Electrosteel Castings is 21AAACE4975B2Z3, registered in Odisha. The company has 23 GST registrations in all, of which 12 are active and 11 are cancelled or inactive. Other active GSTINs include 08AAACE4975B1ZS (Rajasthan), 20AAACE4975B3Z4 (Jharkhand), 24AAACE4975B1ZY (Gujarat).
The CIN (Corporate Identification Number) of Electrosteel Castings is L27310OR1955PLC000310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Electrosteel Castings is a listed company as per MCA records. Its shares are listed on both BSE (code: 500128) and NSE (symbol: ELECTCAST).
Electrosteel Castings has 407 court cases on record: 274 filed by the company and 134 filed against it. 83 are pending. Most are in the high courts.
Electrosteel Castings was incorporated on 26 November 1955, making it 71+ years old. It is registered with the Registrar of Companies, Cuttack.
Electrosteel Castings has 17 deals on record (14 market trades, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹200 Cr; the latest was in March 2026.
The peers of Electrosteel Castings by revenue are Jindal Saw Limited, Apl Apollo Tubes Limited, Welspun Corp Limited, Surya Roshni Limited, Maharashtra Seamless Limited and 3 more, all in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products).
Bikramjit Ghosh was appointed as Director on 30 Aug 2025. Ajay Kumar ceased to be Director on 15 May 2025. Sangeeta Singh was appointed as Director on 30 Oct 2024. Electrosteel Castings has 53 board changes on record in total.

