Electrosteel Castings Limited — PPTs, 06-08-2025: Investor Presentation

**Financial Highlights:**

Q1FY26 consolidated income hit INR 1,586 Cr (-22.1% YoY), with PAT at INR 89 Cr (-60.6% YoY) and EBITDA margin at 12.5%. This dip is linked to temporary Jal Jeevan Mission (JJM) funding delays. FY25 delivered strong annuals: INR 7,443 Cr revenue, INR 710 Cr PAT, and 0.31:1 Net Debt-Equity.

**Strategic Initiatives & Growth Drivers:**

ECL acquired Italy's T.I.S. Service S.p.A., adding valve manufacturing with a patented 'FR line' (pressure-to-electricity conversion). Major demand drivers include government schemes like JJM (extended to 2028, INR 67,000 Cr for FY25-26), AMRUT 2.0, and Interlinking of Rivers projects.

**Business Developments & Market Position:**

As India's pioneer and leading DI Pipe/fittings manufacturer, ECL boasts 1,011,000 TPA capacity. Integrated facilities offer cost advantages. Strong global presence with over 60% of fittings revenue from exports solidifies preferred supplier status.

**Investor Implications:**

While Q1FY26 faced short-term headwinds from JJM funding delays, ECL's strategic acquisition and alignment with massive, long-term government water infrastructure initiatives present significant positive growth potential. Its strong balance sheet adds stability.