By Mr. Abhay Ray 
Introduction to Electrosteel Castings
Electrosteel Castings is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF), Cast Iron (CI) Pipes and produces and supplies Pig Iron. The Company is a water infrastructure company providing techno-economic solutions for water supply and sewerage systems. They also undertake turnkey solutions for water transportation and sewerage management, which include manufacturing Dl Pipes, supplying and laying various types of pipes, operating the system and transferring to the owners.
Incorporation of Electrosteel Castings – Electrosteel Castings Limited was incorporated on November 26, 1955. The company is headquartered at Kolkata, India.
Worldwide Location of Electrosteel Castings – Major presence of Electrosteel is in India, Europe, USA, South America, South East Asia, Middle East, North and South African Countries
Mission / Vision of Electrosteel Castings
Our Mission of “Carrying life to people, safe drinking water for all” – over the years, we have been creating industry benchmarks by delivering internationally accredited superior quality Ductile Iron Pipes and Fittings, to provide high-quality ductile iron and cast iron products that meet the diverse needs of the market, to pursue excellence in manufacturing through continuous improvement and innovation. To ensure sustainable business practices that contribute positively to the environment and society.
Vision – Our vision is to match and supersede world-class standards, in both service and product delivery, by remaining committed to customer satisfaction; to expand horizons and push boundaries, both in our existing and future endeavours, so as to provide continuous growth, profit and prosperity to all our internal and external stakeholders.
Founder Details of Electrosteel Castings
Shri Ghanshyam Kejriwal, also known as “Bada Saab”, is the founder of Electrosteel Castings Limited (ECL). He is credited with transforming a small unit into a global conglomerate through his vision and dedication.
- Current CEO of Electrosteel Castings
Sunil Katial is the current CEO and Whole-time Director at Electrosteel Castings Ltd. His leadership is instrumental in managing the company’s core business of manufacturing Ductile Iron Pipes and Fittings, as well as contributing to its overall financial health and operational success.
- Sunil Katial Education / Career
Sunil Katial is a seasoned professional with a B Tech in Electrical Engineering from Punjab Engineering College,Chandigarh. He has extensive experience, having begun his career in an Electrical Switchgear Company in May 1977 and subsequently served over 26 years at the Steel Authority of India. His career trajectory includes a significant role as CEO of a 1.3-million-ton Steel Plant in Nigeria before joining Electrosteel Castings Ltd, where he oversees all financial and commercial affairs of the company. Sunil Katial is serving the company – Electrosteel Castings Ltd at this position since 2024 for the last 2+ years.
Product / Services of Electrosteel Castings
Electrosteel Castings Ltd offers a wide range of products and services, including Aluminum, Brass, Bronze Pipes, Iron Pipe, Steel Products, Steel Billets, Iron Pipe Fittings, Ductile Iron Fittings, TMT Bars, Electrosteel TMT Bars, Iron Metal, Pig Iron.
Financial Performance of Electrosteel Castings
In its latest financial report for the fiscal year ending March 2024, Electrosteel Castings Ltd. achieved a record revenue of ₹ 500crore, representing a growth of 20% compared to the previous year. This growth was primarily driven by robust sales in the ductile iron pipe segment, which alone contributed over ₹1,800crore to the total revenue.
Key financial metrics for the period:
|
Financial Metric |
FY 2024 | FY /2023 |
| Total Revenue | ₹ 2,500crore |
₹ 2,083crore |
|
Net Profit |
₹ 250crore | ₹ 200crore |
| EBITDA | ₹ 500crore |
₹ 420crore |
|
Profit Margin |
10% |
9.6% |
Dividend of Electrosteel Castings
|
Announcement Date |
Ex-Dividend Date | Dividend Type | Dividend (₹) |
| 13 May, 2024 | 16 Aug, 2024 | Final |
0.90 |
|
08 Feb, 2024 |
21 Feb, 2024 | Interim | 0.50 |
| 18 May, 2023 | 04 Sep, 2023 | Final |
0.90 |
|
10 May, 2022 |
08 Sep, 2022 | Final | 0.80 |
| 20 May, 2021 | 26 Aug, 2021 | Final |
0.25 |
|
15 Jun, 2020 |
07 Sep, 2020 | Final | 0.30 |
| 15 May, 2018 | 06 Sep, 2018 | Final |
0.30 |
|
19 May, 2017 |
07 Sep, 2017 | Final | 0.50 |
| 16 May, 2016 | 01 Sep, 2016 | Final |
0.50 |
|
12 May, 2015 |
03 Sep, 2015 | Final | 0.65 |
| 12 May, 2014 | 20 Aug, 2014 | Final |
0.65 |
|
10 May, 2013 |
13 Aug, 2013 | Final | 0.50 |
| 28 May, 2012 | 30 Aug, 2012 | Final |
0.50 |
|
12 May, 2011 |
30 Jun, 2011 | Final | 1.25 |
| 17 May, 2010 | 02 Jul, 2010 | Final |
1.25 |
Bonus of Electrosteel Castings
|
Announcement Date |
Ex-Bonus Date | Bonus Ratio |
| 25 May, 2000 | 13 Sep, 2000 |
1:1 |
|
11 Sep, 1989 |
– |
1:1 |
Split of Electrosteel Castings
|
Announcement Date |
Ex-Split Date | Old FV | New FV |
| 3 Jul, 2007 | 17 Sep, 2007 | 10 |
1 |
Awards / Achievements of Electrosteel Castings
Electrosteel Castings Ltd has recently achieved notable recognition and continued its innovative strides in the water infrastructure sector. The company was awarded the prestigious ‘Iconic Brands of India 2023’ by ET Edge, highlighting its strong brand presence and market influence. In addition to this accolade, Electrosteel has been at the forefront of innovation in water infrastructure and pipeline solutions, making significant contributions to global water management projects.
Electrosteel Casting Ltd. Competitors
- JSW Steel Ltd.
- Tata Steel Ltd.
- Jindal Stainless Ltd.
Conclusion
Electrosteel Casting ltd. focused on product development, market expansion, and technological innovation, ECL can position itself for sustainable success in the global automotive casting industry. The company needs to leverage its core competencies, embrace technological advancements, and foster a culture of innovation to achieve its growth objectives.
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