Electrosteel Castings Ltd
Electrosteel Castings Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #76 of 100 in Industrial Products
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What the Q1 FY27 call signalled
3 of 4 strong
The short version
DI pipe volumes for FY27 expected around 575,000 tons, slightly lower than earlier 650,000-700,000 tons guidance due to slower JJM rollout in H1; growth expected in H2 FY27 and Q4 FY27-Q1 FY28 (Page 9). - By FY30-FY31, revenue expected to grow to around Rs. EBITDA margin improvement expected from 9.5% (Q1 FY'27) to 12%-13% by Q3 and Q4 FY'27. - Revenue for DI pipes and fittings estimated to remain near 5.75 lakh tons for the financial year; growth expected mainly in H2 FY'27 and beyond. - Paint and coating business target revised from Rs.
From Electrosteel Castings Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- DI pipe volumes for FY27 expected around 575,000 tons, slightly lower than earlier 650,000-700,000 tons guidance due to slower JJM rollout in H1; growth expected in H2 FY27 and Q4 FY27-Q1 FY28 (Page 9).
- By FY30-FY31, revenue expected to grow to around Rs. 7,000-8,000 crores with EBITDA margins of 13%-13.5% (Page 14).
- Paint and coating business revenue target increased from Rs. 600 crores to Rs. 800-1,000 crores in next 4-5 years with capital outlay rising from Rs. 100 crores to Rs. 250-300 crores, including inorganic growth plans (Pages 14-17).
- Valve business expected to grow at 18-20%+ annually, potentially doubling revenue from Rs. ~400 crores to Rs. 800-1,000 crores in 4 years (Page 14).
2 more points from Electrosteel Castings Ltd's call on revenue
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Profitability & Margins
See what Electrosteel Castings Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Additional equipment procurement is underway, expected to be installed within three months. (Page 18)
- Industrial paints expansion with an initial investment of approx. Rs. 100 crores to increase capacity 4x at a West Bengal brownfield facility. (Page 10, Page 18)
- Total capital outlay for industrial paints division raised from Rs. 100 crores to Rs. 250-300 crores aiming for Rs. 800-1000 crore revenue in 4-5 years. First two years target Rs. 250-300 crore revenue, scaling up thereafter. (Page 18)
- Valve manufacturing facility in India to commence operations by end FY, aimed to double valve revenue in next 4 years. (Page 3, Page 18)
- Expansion in ferroalloy business through brownfield investment at existing unit in West Bengal to increase capacity. (Page 16)
2 more points from Electrosteel Castings Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Electrosteel Castings Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current executable order book is around 3 lakh tons, equivalent to approximately five months of orders. (Page 9)
- About 50% of the order book pertains to Jal Jeevan Mission (JJM). (Page 9)
- Approximately 12%-13% market share in the Rs. 10,000 crore already sanctioned government orders under JJM. (Page 10)
- Expect similar share in the additional Rs. 50,000-55,000 crore yet to be sanctioned. (Page 10)
2 more points from Electrosteel Castings Ltd's call on order book
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Electrosteel Castings Ltd — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.5K Cr, net profit ₹16 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Electrost.Cast.'s management said in earlier quarters
- Q3 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Industrial Products this season
- Expo Engineering (Q1 FY27)
Q1 FY27 Revenue from Operations: ₹13.75 crore, down from ₹17.85 crore in Q1 FY26 (approx. Key investor presentation takeaways from Expo Engineering and Projects
- Sh. Bajrang All. (Q1 FY27)
Shareholding pattern as of 30 June 2026: Promoter 63.97%, Public 36.03%. Key investor presentation takeaways from Shri Bajrang Alliance Ltd's Q1 FY27 investor p
- Bedmutha Indus. (Q1 FY27)
Revenue from Operations for the year ended March 31, 2026: Rs 1466.74 crores versus Rs 1049.33 crores for March 31, 2025, indicating a significant year-on-year…
- Horizon Reclaim (Q1 FY27)
Reported Revenue (₹ Cr): . Key investor presentation takeaways from Horizon Reclaim (India) Ltd's Q1 FY27 investor presentation — and how it ranks against secto
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Electrosteel Castings Ltd Q1 FY27 results?
DI pipe volumes for FY27 expected around 575,000 tons, slightly lower than earlier 650,000-700,000 tons guidance due to slower JJM rollout in H1; growth expected in H2 FY27 and Q4 FY27-Q1 FY28 (Page 9). - By FY30-FY31, revenue expected to grow to around Rs. EBITDA margin improvement expected from 9.5% (Q1 FY'27) to 12%-13% by Q3 and Q4 FY'27. - Revenue for DI pipes and fittings estimated to remain near 5.75 lakh tons for the financial year; growth expected mainly in H2 FY'27 and beyond. - Paint and coating business target revised from Rs.
What is Electrosteel Castings Ltd share price analysis?
Electrosteel Castings Ltd currently shows a below-average growth signal. The stock trades at a P/E of 29.8 with a market cap of ₹4,743 Cr. Investors should review the full earnings analysis for detailed insights.
Is Electrosteel Castings Ltd planning capital expenditure?
Additional equipment procurement is underway, expected to be installed within three months.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.