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Electrosteel Castings Limited
Share Price Target & Analysis

NSE:ELECTCAST

145.23

VWAP

143.95

Open

143.95

Close

147

High

143.84

Low

236.6

52 Week High

144.93 ⇧
0.98 (0.68%)

ELECTCAST

(INDUSTRIAL MANUFACTURING)
29.8% Momentum

Turnaround Potential

106

52 Week Low

13.5

EPS

23.15

PE

1.79

PB

Standard
Quality

Steel
Valuation

#Analysis

NSE: ELECTCAST Share Price Financial Analysis & Valuation

Electrosteel Castings Limited (ELECTCAST) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Castings & Forgings vertical. It is one of Mid Cap company with Market Capitalization of Rs 2378.4 (in Cr). Total number of free float shares are 40.5 (in Lacs). Electrosteel Castings Limited is listed on NSE with Exchange ID - INE086A01029 and trading code is NSE:ELECTCAST with short name Electrosteel.

In the past 1 year, Electrosteel Castings Limited has declared an equity dividend of Rs 0.8 per share. At the current share price of ELECTCAST at Rs 144.93, this results in a dividend yield of 0.55 %.

As per the Fundamental Analysis of NSE:ELECTCAST, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine ELECTCAST underlying value and future prospects. All of this data is available in ELECTCAST financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:ELECTCAST, it is clearly understood that ELECTCAST is Standard performer in terms of earnings and profit margins with an EPS of 13.5. NSE:ELECTCAST book value per share as of today is 80.75. The current price to book ratio for ELECTCAST as of Nov 23, 2024 is 1.79.

Valuation of the Stock: The current valuation of ELECTCAST stock is like Steel which means currently the stock is Moderately Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of ELECTCAST whether to BUY this stock at current valuation. The delivery percentage of ELECTCAST is 47.81% is very crucial parameter which shows that 47.81% investors are anticipating that the price of ELECTCAST share should go up with VWAP at 145.23.

Now, the main question is whether to BUY or SELL, NSE:ELECTCAST at current valuation.
As per latest Analysis No. #6803:-

⇑ STRONG BUY ELECTCAST if All Greens

⇗ BUY ELECTCAST (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD ELECTCAST (With Stop Loss) if only 1 Green

⇘ SELL ELECTCAST if NO Green Indicator

NSE: ELECTCAST Share Price Today (Nov 23, 2024)

(Electrosteel Castings Limited Daily Analysis on the basis of ELECTCAST Intraday Graph & Trend)

Electrosteel Castings Limited share price moved Up by 0.68% from its previous close of Rs 143.95. ELECTCAST stock last traded price is 144.93. ELECTCAST share price trend is Up with a total of 1375700 stocks traded till now. It has touched an intraday high of Rs 147 and an intraday low of Rs 143.84. The ELECTCAST trading at 144.93, Up by Rs. 0.98, or 0.68 percent which suggests that most of the Traders are anticipating that the price of ELECTCAST share should go Up.

NSE: ELECTCAST Share Price Tomorrow Prediction

(Electrosteel Castings Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of ELECTCAST)

Electrosteel Castings Limited share price moved Up by 0.68%. ELECTCAST share price short term trend is Up. It suggests that ELECTCAST Share Price for Tomorrow remains the same with VWAP at 145.23 will be treated as stop loss for intraday traders. Electrosteel Castings Limited Long term investors can follow the ELECTCAST long term trend as mentiond in future forecast table.

NSE Code

NSE: ELECTCAST

ELECTCAST Share Price Today

 144.93

ELECTCAST Share Price Target Prediction for 2024 ^

 111.1 - 182.1

ELECTCAST Share Price Target Prediction for 2025*^

 182.1 - 253.3

ELECTCAST Share Price Target Prediction for 2026*^

 253.3 - 271

ELECTCAST Share Price Target Prediction for 2027*^

 285

ELECTCAST Share Price Target Prediction for 2028*^

 293

ELECTCAST Share Price Target Prediction for 2030*^

 319
ELECTCAST Current Book Value 2023
80.3

*Electrosteel Castings Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^ELECTCAST share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

ELECTCAST Technical Analysis

Candlestick Pattern: @144.28

ELECTCAST Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 146.35 SELL 148.02 SELL
MA_12 160.18 SELL 158 SELL
MA_20 164.93 SELL 164.98 SELL
MA_32 180.17 SELL 175.28 SELL
MA_50 192.48 SELL 182.14 SELL
MA_100 198.73 SELL 187.22 SELL
MA_200 185.6 SELL 174.51 SELL

ELECTCAST Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 164.93 Downtrend
MACD -1.54 SELL
ADX 47.44 Strong Trend
DMI (+/-) 8.43 / 35.38 Downtrend

ELECTCAST Momentum Oscillators

BUY (1) NEUTRAL (5) SELL (6)
Momentum Oscillators Value Action
RSI 30.69 Neutral
STOCHASTIC_K (Fast) 9.83 Oversold
STOCHASTIC_D (Slow) 9.88 Oversold
CCI -121.34 SELL
PSAR 170.69 SELL
TRUE RANGE 6.5 Neutral
ATR 9.1 Neutral
WILLIAMS R -90.6 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 90.71 Overbought
STOCHASTIC RSI D 40.13 Neutral
MOMENTUM -55.29 SELL

ELECTCAST Last 1 Year Trend

Duration Value
1 Year 42.5%
3 Months -28.37%
1 Month -27.7%
1 Week -13.76%

ELECTCAST Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 17%
SELL 77%

Most popular Questions & Answers about ELECTCAST


Electrosteel Castings Limited stock last traded price is 144.93. ELECTCAST share price moved Up by 0.68% from its previous close of Rs 143.95.

Electrosteel Castings Limited share price trend is Up with a total of 1375700 stocks traded till now. It has touched an intraday high of Rs 238.966 and an intraday low of Rs 143.84. The ELECTCAST trading at 144.93, Up by Rs. 0.98, or 0.68 percent which suggests that most of the Traders are anticipating that the price of ELECTCAST share should go Up and the Stop Loss will be around 145.23.

The market cap of Electrosteel Castings Limited is ₹2378.4 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Electrosteel Castings Limited as of Nov 22, 2024 is 23.15.

The current price to book ratio for Electrosteel Castings Limited as of Nov 22, 2024 is 1.79.

The highest price of Electrosteel Castings Limited stock is ₹236.6 in the last 52-week.

The lowest price of Electrosteel Castings Limited stock is ₹106 in the last 52-week.

Electrosteel Castings Limited share trading at ₹144.93, Up by Rs. 0.98, or 0.68 percent which suggests that most of the traders are anticipating that the price of ELECTCAST share should go Up.

In 2023, Stock price target for Electrosteel Castings Limited (ELECTCAST) are ₹111.1 on downside and ₹182.1 on upside. Electrosteel Castings Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Electrosteel Castings Limited (ELECTCAST) are ₹182.1 on downside and ₹253.3 on upside. Electrosteel Castings Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Electrosteel Castings Limited (ELECTCAST) are ₹253.3 on downside and ₹271 on upside. Electrosteel Castings Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Electrosteel Castings Limited (ELECTCAST) will be around ₹293 Electrosteel Castings Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of ELECTCAST.

The price of Electrosteel Castings Limited (ELECTCAST) shares moved by 0.68%. The short-term trend for ELECTCAST share price is Up. It implies that the share price of ELECTCAST will stay the same tomorrow and that intraday traders should treat VWAP at 145.23 as a stop loss. Investors with a long-term outlook can track ELECTCAST long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of ELECTCAST stock is 161.9. Compared to the current market price of 144.93 INR, the ELECTCAST stock is Undervalued by 10.5%.

As per the fundamental analysis of Electrosteel Castings Limited (ELECTCAST), it is of Standard quality in terms of earnings and profit margins with an EPS of 13.5. Electrosteel Castings Limited book value per share as of today is 80.75. The current price to book ratio for ELECTCAST as of Nov 23, 2024 is 1.79.


NSE:ELECTCAST News & Other Useful Information about ELECTCAST Share Price


Peer Comparison of NSE: ELECTCAST

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Castings & Forgings

Company Price EPS BV
STEELCAS 762.05 30.81 133.21
BHARATFORG 1316.15 30.03 184.04
SGIL 373.80 8.35 59.59
AIAENG 3414.95 116.66 691.77
RKFORGE 963.50 23.53 147.84
JAYNECOIND 39.88 0.26 23.24
ELECTCAST 144.93 13.5 80.75
MMFL 458.70 30.03 169.08
ALICON 1114.60 33.95 319.41
NELCAST 110.81 5.56 59.68
Updated at: 22 Nov 2024 15:49

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