Electrosteel Castings Limited (ELECTCAST) - Net Assets
Based on the latest financial reports, Electrosteel Castings Limited (ELECTCAST) has net assets worth Rs58.95 Billion INR (≈ $637.53 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs99.11 Billion ≈ $1.07 Billion USD) and total liabilities (Rs40.16 Billion ≈ $434.35 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Electrosteel Castings Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs58.95 Billion |
| % of Total Assets | 59.48% |
| Annual Growth Rate | 12.43% |
| 5-Year Change | 53.52% |
| 10-Year Change | 186.88% |
| Growth Volatility | 15.5 |
Electrosteel Castings Limited - Net Assets Trend (2005–2025)
This chart illustrates how Electrosteel Castings Limited's net assets have evolved over time, based on quarterly financial data. Also explore Electrosteel Castings Limited balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Electrosteel Castings Limited (2005–2025)
The table below shows the annual net assets of Electrosteel Castings Limited from 2005 to 2025. For live valuation and market cap data, see ELECTCAST market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs57.83 Billion ≈ $625.38 Million |
+13.07% |
| 2024-03-31 | Rs51.14 Billion ≈ $553.10 Million |
+16.67% |
| 2023-03-31 | Rs43.84 Billion ≈ $474.08 Million |
+6.80% |
| 2022-03-31 | Rs41.04 Billion ≈ $443.88 Million |
+8.97% |
| 2021-03-31 | Rs37.67 Billion ≈ $407.35 Million |
+30.73% |
| 2020-03-31 | Rs28.81 Billion ≈ $311.61 Million |
+9.18% |
| 2019-03-31 | Rs26.39 Billion ≈ $285.42 Million |
+6.46% |
| 2018-03-31 | Rs24.79 Billion ≈ $268.10 Million |
-5.97% |
| 2017-03-31 | Rs26.37 Billion ≈ $285.14 Million |
+30.80% |
| 2016-03-31 | Rs20.16 Billion ≈ $217.99 Million |
-2.64% |
| 2015-03-31 | Rs20.70 Billion ≈ $223.91 Million |
-6.41% |
| 2014-03-31 | Rs22.12 Billion ≈ $239.24 Million |
-6.04% |
| 2013-03-31 | Rs23.54 Billion ≈ $254.62 Million |
+38.00% |
| 2012-03-31 | Rs17.06 Billion ≈ $184.51 Million |
-2.61% |
| 2011-03-31 | Rs17.52 Billion ≈ $189.45 Million |
+7.77% |
| 2010-03-31 | Rs16.26 Billion ≈ $175.80 Million |
+15.67% |
| 2009-03-31 | Rs14.05 Billion ≈ $151.98 Million |
+17.36% |
| 2008-03-31 | Rs11.97 Billion ≈ $129.49 Million |
+45.07% |
| 2007-03-31 | Rs8.25 Billion ≈ $89.26 Million |
+6.40% |
| 2006-03-31 | Rs7.76 Billion ≈ $83.89 Million |
+39.70% |
| 2005-03-31 | Rs5.55 Billion ≈ $60.05 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Electrosteel Castings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9132.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs33.48 Billion | 57.90% |
| Common Stock | Rs618.18 Million | 1.07% |
| Other Comprehensive Income | Rs11.97 Billion | 20.70% |
| Other Components | Rs11.75 Billion | 20.33% |
| Total Equity | Rs57.82 Billion | 100.00% |
Electrosteel Castings Limited Competitors by Market Cap
The table below lists competitors of Electrosteel Castings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CJ Corp 4P Pref
KO:00104K
|
$548.23 Million |
|
Shanghai ZJ Bio-Tech Co. Ltd. A
SHG:688317
|
$548.32 Million |
|
Blumar
SN:BLUMAR
|
$548.43 Million |
|
Sariguna Primatirta PT
JK:CLEO
|
$548.46 Million |
|
Anji Foodstuff Co Ltd
SHG:603696
|
$547.92 Million |
|
Lafang China
SHG:603630
|
$547.70 Million |
|
Qingdao Huijintong Power
SHG:603577
|
$547.38 Million |
|
Jiangsu Hengxing New Material
SHG:603276
|
$547.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Electrosteel Castings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 51,128,548,000 to 57,815,936,000, a change of 6,687,388,000 (13.1%).
- Net income of 7,095,579,000 contributed positively to equity growth.
- Dividend payments of 556,366,000 reduced retained earnings.
- Other comprehensive income increased equity by 154,773,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs7.10 Billion | +12.27% |
| Dividends Paid | Rs556.37 Million | -0.96% |
| Other Comprehensive Income | Rs154.77 Million | +0.27% |
| Other Changes | Rs-6.60 Million | -0.01% |
| Total Change | Rs- | 13.08% |
Book Value vs Market Value Analysis
This analysis compares Electrosteel Castings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.88x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.40x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs34.12 | Rs81.99 | x |
| 2006-03-31 | Rs41.98 | Rs81.99 | x |
| 2007-03-31 | Rs29.89 | Rs81.99 | x |
| 2008-03-31 | Rs40.88 | Rs81.99 | x |
| 2009-03-31 | Rs43.89 | Rs81.99 | x |
| 2010-03-31 | Rs46.88 | Rs81.99 | x |
| 2011-03-31 | Rs50.14 | Rs81.99 | x |
| 2012-03-31 | Rs51.89 | Rs81.99 | x |
| 2013-03-31 | Rs72.06 | Rs81.99 | x |
| 2014-03-31 | Rs66.21 | Rs81.99 | x |
| 2015-03-31 | Rs58.28 | Rs81.99 | x |
| 2016-03-31 | Rs56.46 | Rs81.99 | x |
| 2017-03-31 | Rs73.86 | Rs81.99 | x |
| 2018-03-31 | Rs69.44 | Rs81.99 | x |
| 2019-03-31 | Rs68.23 | Rs81.99 | x |
| 2020-03-31 | Rs68.83 | Rs81.99 | x |
| 2021-03-31 | Rs86.06 | Rs81.99 | x |
| 2022-03-31 | Rs69.01 | Rs81.99 | x |
| 2023-03-31 | Rs73.71 | Rs81.99 | x |
| 2024-03-31 | Rs85.00 | Rs81.99 | x |
| 2025-03-31 | Rs93.54 | Rs81.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Electrosteel Castings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.27%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.69%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.68x
- Recent ROE (12.27%) is above the historical average (5.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 15.96% | 9.73% | 0.74x | 2.20x | Rs329.14 Million |
| 2006 | 10.09% | 7.74% | 0.69x | 1.89x | Rs7.22 Million |
| 2007 | 12.75% | 8.53% | 0.68x | 2.21x | Rs226.31 Million |
| 2008 | 4.64% | 3.85% | 0.60x | 2.02x | Rs-640.26 Million |
| 2009 | 9.74% | 7.01% | 0.68x | 2.04x | Rs-35.88 Million |
| 2010 | 14.50% | 14.86% | 0.48x | 2.04x | Rs728.71 Million |
| 2011 | 10.28% | 9.59% | 0.46x | 2.33x | Rs49.18 Million |
| 2012 | -1.59% | -1.24% | 0.50x | 2.55x | Rs-1.97 Billion |
| 2013 | -1.01% | -1.11% | 0.43x | 2.12x | Rs-2.59 Billion |
| 2014 | -0.72% | -0.67% | 0.43x | 2.48x | Rs-2.36 Billion |
| 2015 | -5.61% | -4.97% | 0.45x | 2.52x | Rs-3.23 Billion |
| 2016 | -1.65% | -1.54% | 0.43x | 2.47x | Rs-2.35 Billion |
| 2017 | 6.27% | 7.80% | 0.37x | 2.19x | Rs-983.87 Million |
| 2018 | 5.00% | 5.77% | 0.40x | 2.19x | Rs-1.24 Billion |
| 2019 | 1.45% | 1.44% | 0.49x | 2.05x | Rs-2.26 Billion |
| 2020 | 5.59% | 6.04% | 0.48x | 1.94x | Rs-1.27 Billion |
| 2021 | -2.45% | -2.65% | 0.48x | 1.93x | Rs-4.64 Billion |
| 2022 | 8.46% | 6.60% | 0.61x | 2.10x | Rs-630.31 Million |
| 2023 | 7.21% | 4.34% | 0.85x | 1.94x | Rs-1.22 Billion |
| 2024 | 14.47% | 9.89% | 0.82x | 1.78x | Rs2.29 Billion |
| 2025 | 12.27% | 9.69% | 0.76x | 1.68x | Rs1.31 Billion |
Industry Comparison
This section compares Electrosteel Castings Limited's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,922,912,903
- Average return on equity (ROE) among peers: 15.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Electrosteel Castings Limited (ELECTCAST) | Rs58.95 Billion | 15.96% | 0.68x | $548.14 Million |
| Ahlada Engineers Limited (AHLADA) | $128.29 Million | 17.65% | 2.34x | $6.34 Million |
| Apollo Pipes Limited (APOLLOPIPE) | $3.07 Billion | 9.31% | 0.57x | $214.97 Million |
| Aro Granite Industries Limited (AROGRANITE) | $1.23 Billion | 9.18% | 1.03x | $4.43 Million |
| Beardsell Limited (BEARDSELL) | $709.61 Million | 11.59% | 1.26x | $11.03 Million |
| Bigbloc Construction Limited (BIGBLOC) | $1.09 Billion | 28.25% | 1.70x | $74.03 Million |
| Blue Star Limited (BLUESTARCO) | $4.56 Billion | 11.89% | 3.77x | $3.96 Billion |
| Cera Sanitaryware Limited (CERA) | $11.83 Billion | 17.70% | 0.42x | $732.50 Million |
| Everest Industries Limited (EVERESTIND) | $2.50 Billion | 21.15% | 1.09x | $65.00 Million |
| Exxaro Tiles Limited (EXXARO) | $1.21 Billion | 9.33% | 2.21x | $33.72 Million |
About Electrosteel Castings Limited
Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, ductile iron fittings (DIF) and accessories, and cast iron (CI) pipes in India and internationally. The company offers ductile iron pipes and fittings which are used in various applications, including raw and clear water transmission, distribution network of potable water, water supply for industrial/process plants, … Read more