Electrosteel Castings Share Price

Electrosteel Castings Investment Rating

• Master Rating:

• Electrosteel (Nse) Castings has an operating revenue of Rs. 5,942.14 Cr. on a trailing 12-month basis. An annual revenue growth of 51% is outstanding, Pre-tax margin of 8% is okay, ROE of 8% is fair but needs improvement. The company has a reasonable debt to equity of 21%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 200DMA and around 10% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 21% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 63 which is a FAIR score but needs to improve its earnings, a RS Rating of 47 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 95 indicates it belongs to a poor industry group of Bldg-Constr Prds/Misc and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.