Electrosteel Castings Share Price Target 2026, 2027, 2030, 2040, 2050
Electrosteel Castings is one of India’s leading companies that makes Ductile Iron (DI) pipes and fittings used in water supply, sewage, drainage, and other infrastructure projects. The company also makes cast iron pipes and pig iron and exports its products to more than 130 countries. It has factories in West Bengal and Tamil Nadu and is known as one of the major DI pipe manufacturers in the world. It also works on water and sewerage projects and focuses on new technology and business growth.
What is Electrosteel Castings Ltd NSE: ELECTCAST?
Electrosteel Castings was established in 1955 in Kolkata and is owned by the Electrosteel Group. It is one of India’s leading companies that makes Ductile Iron (DI) pipes, fittings, and water supply products. The company makes products used in water pipelines, sewage systems, drainage, irrigation, and other infrastructure projects. It also produces pig iron, ferro alloys, and cement. It has factories in different states of India, like West Bengal, Tamil Nadu, and Andhra Pradesh, and also exports its products to many countries. The company mainly focuses on water transportation and infrastructure solutions and plays an important role in water supply projects.
The company mainly makes products used in water supply, sewage, drainage, and other infrastructure projects. Over the years, Electrosteel has grown into a large international company and now operates in more than 130 countries. It is known for making high-quality water infrastructure products and is one of the biggest DI pipe manufacturers in India. The company mainly focuses on safe drinking water solutions and modern pipeline systems for cities, industries, and public projects around the world. In 2026, its share price target would be ₹234, as per stock market analysts.
Its share price would be between ₹60 to ₹234 in 2026, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 60 | 234 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 68 | 79 |
| February | 67 | 79 |
| March | 60 | 82 |
| April | 75 | 86 |
| May | 73 | 105 |
| June | 70 | 120 |
| July | 71 | 135 |
| August | 74 | 152 |
| September | 88 | 169 |
| October | 98 | 188 |
| November | 110 | 200 |
| December | 145 | 234 |
It is mainly famous for making Ductile Iron pipes, which are used for water transportation and underground pipeline systems. Along with DI pipes, the company also makes DI fittings, flange pipes, cast iron pipes, pig iron, ferro alloys, and cement products. These products are used in water supply projects, irrigation systems, sewage plants, industrial pipelines, and drainage systems. The company is trusted because its products are strong and long-lasting. In 2027, its share price target would be ₹407, as per stock market analysts.
Its share price would be between ₹220 to ₹407 in 2027, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 220 | 407 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 220 | 300 |
| February | 241 | 314 |
| March | 252 | 329 |
| April | 261 | 341 |
| May | 268 | 348 |
| June | 275 | 365 |
| July | 288 | 374 |
| August | 300 | 377 |
| September | 298 | 382 |
| October | 311 | 389 |
| November | 321 | 401 |
| December | 332 | 407 |
It has many factories in different parts of India. Its main plants are located in Khardah, Haldia, and Bansberia in West Bengal, Elavur in Tamil Nadu, and Srikalahasthi in Andhra Pradesh. These factories use modern machines and advanced systems to make high-quality pipes and fittings. The company also has its own power plants and integrated facilities to improve efficiency and reduce costs. In 2028, its share price target would be ₹550, as per stock market analysts.
Its share price would be between ₹389 to ₹550 in 2028, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 389 | 550 |
The company exports its products to more than 130 countries in Asia, Europe, Africa, the Middle East, North America, and South America. The company has built a strong global sales and distribution network over the years. Its products are used in many water supply and pipeline projects around the world. Its international quality approvals and certifications help the company maintain trust in foreign markets. In 2029, its share price target would be ₹680, as per stock market analysts.
Its share price would be between ₹537 to ₹680 in 2029, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 537 | 680 |
It plays an important role in water and public utility projects. Its products are mainly used in water pipelines, sewage systems, irrigation projects, desalination plants, storm water drainage systems, and industrial water transportation. Many government and private projects use its products because they are strong and durable. The company also works on water management projects that help cities and industries improve their water supply systems. In 2030, its share price target would be ₹890, as per stock market analysts.
Its share price would be between ₹659 to ₹890 in 2030, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 659 | 890 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 659 | 720 |
| February | 677 | 745 |
| March | 683 | 762 |
| April | 690 | 774 |
| May | 700 | 790 |
| June | 687 | 800 |
| July | 705 | 824 |
| August | 711 | 835 |
| September | 723 | 844 |
| October | 744 | 852 |
| November | 758 | 874 |
| December | 774 | 890 |
The company produces a very large quantity of DI pipes every year and is one of the top manufacturers in the industry. Its modern factories and advanced systems help maintain a stable supply and high product quality. Its strong manufacturing capacity allows it to meet growing demand from India and international markets. The company also makes fittings and related products in large quantities, which helps strengthen its position in the water infrastructure industry. In 2040, its share price target would be ₹2574, as per stock market analysts.
Its share price would be between ₹2231 to ₹2574 in 2040, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 2231 | 2574 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2231 | 2354 |
| February | 2350 | 2374 |
| March | 2366 | 2390 |
| April | 2380 | 2411 |
| May | 2399 | 2433 |
| June | 2311 | 2457 |
| July | 2332 | 2474 |
| August | 2345 | 2498 |
| September | 2358 | 2511 |
| October | 2377 | 2532 |
| November | 2390 | 2554 |
| December | 2432 | 2574 |
It also focuses on environmental protection and sustainability. The company works on reducing waste, saving energy, and improving the use of resources during manufacturing. It uses advanced systems and captive power plants to improve efficiency and reduce environmental impact. It also gets raw materials like iron ore and limestone from regulated mining sources. The company believes that strong and sustainable water infrastructure is important for the future. In 2050, its share price target would be ₹4287, as per stock market analysts.
Its share price would be between ₹3929 to ₹4287 in 2050, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 3929 | 4287 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 3929 | 4044 |
| February | 3950 | 4068 |
| March | 3971 | 4085 |
| April | 3977 | 4108 |
| May | 4011 | 4132 |
| June | 3990 | 4155 |
| July | 4035 | 4178 |
| August | 4052 | 4200 |
| September | 4075 | 4223 |
| October | 4090 | 4245 |
| November | 4123 | 4268 |
| December | 4150 | 4287 |
Should I buy Electrosteel Castings stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 60 | 234 |
| 2027 | 220 | 407 |
| 2028 | 389 | 550 |
| 2029 | 537 | 680 |
| 2030 | 659 | 890 |
| 2040 | 2231 | 2574 |
| 2050 | 3929 | 4287 |
It can be a good stock for the long term because it is one of India’s leading companies that makes DI pipes used in water supply and infrastructure projects. However, the company’s recent financial results were weak because of slow government projects and lower demand, which affected profits. Its business also depends on infrastructure spending and raw material prices. For long-term investors, the stock may be good to buy slowly during market falls, but for short-term trading, it may be better to wait until the company’s performance becomes stronger.
Electrosteel Castings earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
| Sales + | 2,711 | 3,474 | 5,281 | 7,276 | 7,478 | 7,320 | 6,126 |
| Expenses + | 2,320 | 3,038 | 4,586 | 6,530 | 6,274 | 6,270 | 5,669 |
| Operating Profit | 391 | 436 | 695 | 746 | 1,204 | 1,050 | 457 |
| OPM % | 14% | 13% | 13% | 10% | 16% | 14% | 7% |
| Other Income + | 8 | -194 | 59 | 77 | 76 | 109 | 177 |
| Interest | 228 | 208 | 195 | 286 | 219 | 161 | 146 |
| Depreciation | 57 | 90 | 115 | 121 | 125 | 142 | 166 |
| Profit before tax | 114 | -56 | 444 | 415 | 937 | 856 | 323 |
| Tax % | 25% | 72% | 22% | 24% | 21% | 17% | |
| Net Profit + | 161 | -91 | 348 | 316 | 740 | 710 | 314 |
| EPS in Rs | 3.72 | -2.11 | 5.84 | 5.31 | 11.97 | 11.48 | 5.08 |
| Dividend Payout % | 8% | -16% | 14% | 17% | 12% | 12% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| 18.18 | 0.99 | 1.52% | 42.79 | 7.08 | 0.59% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| Electrosteel Castings Ltd | 8.04 | 0.99 | 1.52% |
| APL Apollo Tubes Ltd | 44.97 | 12.86 | 0.44% |
| Astral Ltd | 80.51 | 11.42 | 0.24% |
| Ratnamani Metals and Tubes Ltd | 36.97 | 5.49 | 0.49% |
Is Electrosteel Castings stock good to buy? (bull case & bear case)
Bull Case:
- The company earns around ₹7,000–₹8,000+ crore revenue, which shows its business is large and strong.
- Its market value is around ₹10,000+ crore, making it a well-known mid-size company.
- It exports its products to 130+ countries, which helps the company grow globally.
- Its debt has reduced compared to earlier years, which makes the company financially better.
- The company benefits from government water supply and pipeline projects.
- It is also expanding into water valve technology and other water infrastructure businesses.
- Future demand for water pipelines, sewage systems, and irrigation projects can help the company grow more.
- The stock valuation is still cheaper compared to some bigger infrastructure companies.
Bear Case:
- The company’s recent quarterly results were weak, with lower profit and slower growth.
- The business depends a lot on government projects and infrastructure spending.
- The company works in the infrastructure sector, where business growth can slow during weak market conditions.
- Competition from other DI pipe and infrastructure companies is increasing.
Conclusion
It is one of India’s leading companies in the DI pipe and water infrastructure sector. The company can benefit from the growing demand for water supply, sewage, irrigation, and infrastructure projects in India and other countries. It also exports products to more than 130 countries, which supports business growth. Its strong factories, improving financial condition, and expansion into new water technology businesses can help the company grow in the future.
