Electrosteel Castings share price today

Electrosteel Castings Ltd's share price was ₹66.67 at the close on 3 November 2026. It has been falling for 100 weeks. That is 15.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹63 and ₹92, and at that close it sat 11% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Electrosteel Castings Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +263% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

4 points in one quarter and revenue down on a year earlier for 8 quarters in a row.

1. Foreign funds (FIIs) cut their stake for 3 quarters in a row

   From 19.4% to 8.6% of the company by the September 2026 quarter.

2. Promoters raised their stake by 4.4 points in one quarter

   From 50.1% to 54.5% in the September 2026 quarter.

3. Revenue down on a year earlier for 8 quarters in a row

   In the June 2026 quarter revenue was ₹1,426 crore, -8.5% on a year earlier.

   Why: Revenue fell because government Jal Jeevan payments stopped reaching projects, so demand for water pipes was weak while industry capacity was already high.

   Next results: check whether the Jal Jeevan money and September bookings turn into actual pipe dispatches and better plant loading.

   From the earnings call on 29 Sep 2026.

For April to June 2026 (the quarter ended 30 June 2026), Electrosteel Castings reported revenue of ₹1,426 crore, down 8.5% from ₹1,558 crore a year earlier, and a profit of ₹48.0 crore, down 46.1% from ₹89.0 crore.

Electrosteel Castings results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Electrosteel Castings' management discussed these results on a call held on 29 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Electrosteel Castings closed at ₹66.67 on 3 November 2026, down 26.9% from ₹91.25 a year earlier (31 October 2025) and up 91.9% over five years. Its highest weekly close since March 2016 was ₹230.91 on 13 September 2024.

Electrosteel Castings share price: then and now

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 3 November 2026.

3 Nov 2026: Electrosteel Castings closed at ₹66.67, up 0.6% on the week and down 10.6% on the month. 29 Sep 2026: Electrosteel Castings held its results call for April to June 2026. Management guided: Jal Jeevan central disbursement expected at ₹10,000 crore in October and each following month, reaching about ₹40,000 crore by end-Q3.

Earlier

• 14 Aug 2026: ex-date for a dividend of ₹0.90 a share.
• Results for April to June 2026: Revenue down 8.5% and profit down 46.1% on a year earlier.

Electrosteel Castings paid ₹0.90 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.35% at the ₹66.67 close on 3 November 2026. The last was a dividend of ₹0.90 a share, ex-date 14 August 2026.

Electrosteel Castings dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Electrosteel Castings Ltd paid out 34% of its profit as dividends in FY26, and it paid a dividend in 8 of its last 13 reported years. 4 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 4 November 2026.

On the call for April to June 2026, held on 29 September 2026, Electrosteel Castings' management guided: Jal Jeevan central disbursement expected at ₹10,000 crore in October and each following month, reaching about ₹40,000 crore by end-Q3.

“It is more or less permanent. We are not pursuing any greenfield expansion in ductile iron pipes. The greenfield ductile iron pipe project that we were considering in Odisha is currently under abeyance, and we do not foresee it being taken up.”Electrosteel Castings management, on the call for April to June 2026

What management guided

• Operating margin expected to reach double digits from end-Q3 or beginning-Q4 and return to around 14% next financial year.
• Electrosteel capacity utilization planned at 75-80% by end of this financial year.
• Consolidated revenue goal of ₹10,000 crore by 2030, with DI contributing 50-60% and adjacent businesses supplying 40-50%.
• Valves planned at least ₹1,000 crore and industrial paints approximately ₹1,000 crore by 2030; paints operating margin expected in the mid-teens.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 29 September 2026.

When Electrosteel Castings reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Jal Jeevan releases and September EPC bookings to convert into dispatches across Andhra Pradesh, Odisha and Uttar Pradesh.

Electrosteel Castings is on one of our India lists: Penny stocks.

Electrosteel Castings Ltd earned ₹48.0 Cr of net profit in the Jun 2026 quarter, −46.1% on the same quarter a year earlier. Full-year FY26 profit was ₹161 Cr. That is 3.4% of the quarter's revenue. The same quarter a year earlier earned ₹89.0 Cr. 1 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹161 Cr (−77.3% on the year before).

Why profit moved: revenue changed −8.5% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −75.0% and revenue −15.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Electrosteel Castings Ltd reported ₹1,426 Cr of revenue in the Jun 2026 quarter, −8.5% on the same quarter a year earlier. Over 10 years it has grown 10.4% a year on average. The last full year, FY26, came in at ₹5,918 Cr. The last four reported quarters add to ₹5,787 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹5,918 Cr, −19.2% on the year before.

Recent pace: the last four quarters grew −15.4% on average, against 10.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −15.7%, against −13.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −79.0%, against −63.3% a year (rolling over).

Electrosteel Castings Ltd's operating margin was 7.0% in the Jun 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 6.0% and 16.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.9 percentage points on the year while gross margin changed −2.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 151% of Electrosteel Castings Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,147 Cr of operating cash against ₹161 Cr of profit. After ₹220 Cr of spending on assets, ₹927 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 151% of profit came in as cash: the cash cycle got 20 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

Electrosteel Castings Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 278 days in FY26, up from 258 days in FY21. It spent ₹805 Cr on assets over the last 3 years. Customers take 66 days to pay, and stock sits for 276 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹5,918 Cr, each day of that cycle ties up about ₹16.2 Cr, so roughly ₹4,507 Cr is tied up in the business at any time.

FY26: customers took 66 days to pay and stock sat for 276 days, about 9.1 months of sales sitting as stock, for a full cycle of 278 days, longer than FY21's 258.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 276 days. Customers pay about 66 days after that. Suppliers are paid at 63 days. Together that makes the 278-day cycle.

Spending on assets: ₹805 Cr over the last 3 years, against ₹440 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,186 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Electrosteel Castings Ltd's P/E is 25.9×, near the high end of its own history: higher than 97% of past readings. Its usual P/E (the middle reading) is 8.8×, over 9.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹1.96.