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HomeSHARE MARKETShare Price Only ₹133: Excellent Return Of 830%; Net Profit 188% Increased

Share Price Only ₹133: Excellent Return Of 830%; Net Profit 188% Increased

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Electrosteel Castings Ltd (NSE: ELECTCAST) Multibagger Stock: Shares of Electrosteel Castings are best for multibagger stocks. It has generated substantial profits for investors over the past three years.

In the last trading session, it was reported that there was a slight drop of 0.32 percent in the shares of the company. 

The closing price was 125.80. The market capitalization that the business has is 7,884 crore. Its 52-week peak is 134.20 while its 52-week lowest is 31.40.

What Were The Results For The Last Quarter?

The net profit of the company grew by more than 188 percent, to 184.05 crore in the September quarter from 63.93 crore during the prior year period. 

The company’s net sales rose by nearly 10% to 1,870.22 per month in September 2023, up from 1,697.55 crore in September 2022. 

Its EBITDA was also up by more than the 87 percent mark to 330.73 crore during the period, as compared to 176.57 crore in the same period in the year before.

How Are The Shares Doing?

The shares of Electrosteel Castings have increased by around 10 percent over the past month. 

At the same time, it has provided an impressive yield of 113 percent over the past 6 months. 

Over the last year, investors received a profit of 237 percent. Additionally, however, it has also earned the most impressive profit of 830 percent in the past four years.

Money Rose 9 Times In Just 4 Years

In January 2020, the cost of one share of the business was 13.53 The price has since increased to a price of Rs 126. 

The money that investors have has grown over 9 times in this time. A single investment of Rs 1 lakh in the last 4 years could increase it to the current amount of Rs 9 lakh.

About Electrosteel Castings Ltd

Electrosteel Castings was established in 1955. The company produces and sells Ductile iron (DI) pipe, DI fittings, and accessories, along with casting iron (CI) pipe in India as well as internationally. 

The company offers DI Flanges, Ductile Iron Restrained Joint Pipe, as well as Ductile Iron Fittings. In addition, the company also offers coke, sinter sponge iron, cement, ferrosilicon, pig iron, and silica manganese ferroalloy. 

The company was previously called Dalmia Iron and Steel Limited.

Fundamental Analysis of Electrosteel Castings Ltd

Market Cap₹ 7,884 Cr.
Current Price₹ 133
52-wk High₹ 134
52-wk Low₹ 31.4
Stock P/E18.9
Book Value₹ 76.9
Dividend0.68 %
ROCE9.99 %
ROE7.51 %
Face Value₹ 1.00
P/B Value1.72
OPM11.5 %
EPS₹ 7.02
Debt₹ 2,469 Cr.
Debt to Equity0.54

Electrosteel Castings Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 135₹ 168
2025₹ 185₹ 222
2026₹ 256₹ 310
2027₹ 389₹ 425
2028₹ 500₹ 532
2029₹ 542₹ 600
2030₹ 650₹ 758
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Electrosteel Castings Ltd Shareholding Pattern

Promoters Holding
Sept 202244.08%
Dec 202244.08%
Mar 202344.08%
June 202344.08%
Sept 202344.08%
FII Holding
Sept 202215.23%
Dec 202215.13%
Mar 202314.69%
June 202314.93%
Sept 202315.33%
DII Holding
Sept 20221.98%
Dec 20221.98%
Mar 20231.76%
June 20231.68%
Sept 20230.88%
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Govt. Holding
Sept 20220.24%
Dec 20220.24%
Mar 20230.24%
June 20230.24%
Sept 20230.24%
Public Holding
Sept 202238.47%
Dec 202238.58%
Mar 202339.22%
June 202339.06%
Sept 202339.47%

Electrosteel Castings Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,699 Cr
2020₹ 2,711 Cr
2021₹ 3,474 Cr
2022₹ 5,281 Cr
2023₹ 7,329 Cr
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Last 5 Years’ Net Profit:

2019₹ 39 Cr
2020₹ 161 Cr
2021₹ -91 Cr
2022₹ 348 Cr
2023₹ 418 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.61
20200.52
20210.67
20220.71
20230.6

Last 10 Years’ Profit Growth:

10 Years:26%
5 Years:21%
3 Years:21%
Current Year:17%

Last 10 years’ Return on Equity (ROE):

10 Years:4%
5 Years:7%
3 Years:7%
Last Year:8%

Sales Growth Over 10 Years:

10 Years:13%
5 Years:26%
3 Years:39%
Current Year:12%

Conclusion

This article is a complete guide about Electrosteel Castings Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Also Read: Share Was ₹170 On September 27, 2023: Company Said It Received Robot Making Order

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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