Electrosteel Steels Limited
-13.04 % 1 MAbout Electrosteel Steels Limited
A Comprehensive Overview of Price & Journey
Understanding Electrosteel Steels Limited Inception and Growth
Overview
Electrosteel Steels Limited (ESL) was established in 2006 and is a leading Indian manufacturer of steel products, including billets, TMT bars, wire rods, and ductile iron pipes. Firstly, it was called Electrosteel Integrated Limited and later renamed Electrosteel Steels Limited in 2010. The company is headquartered in Bokaro, Jharkhand. ESL operates a state-of-the-art integrated steel plant with a capacity of 2.5 million tonnes per annum (MTPA), producing high-quality steel for various industries including construction, infrastructure, and automotive.
Its Vision is to be a global leader in high-grade, low-cost steel production, building a sustainable future for all stakeholders and shaping India's self-reliance journey.
Many investors actively follow the Electrosteel Steels Limited share price to assess the company’s market performance. The share price of Electrosteel Steels Limited reflects its growth potential in the steel sector and is regularly tracked by both retail and institutional investors.
Products & Services
The company's products are known for their reliability, superior technology, and cost-effectiveness. Electrosteel Steels Limited offers a comprehensive range of products and services, including:
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Billets: It is used for re-rolling into structural steel.
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TMT Bars: These are high-strength bars for construction.
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Wire Rods: This is used for wire drawing applications.
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Ductile Iron Pipes: It is essential for water supply and sewage systems.
Board of Directors
The Board of Directors includes experienced professionals guiding the company’s strategic direction:
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Mr. Umang Kejriwal - Managing Director
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Mr. Mayank Kejriwal - Joint Managing Director
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Mr. Sunil Katial - CEO & Whole-Time Director
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Mr. Jinendra Kumar Jain - Independent Director
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Dr. Mohua Banerjee - Independent Director
Subsidiaries
Electrosteel Steels operates as part of the Electrosteel Group alongside Electrosteel Castings Limited to enhance its product offerings and market reach.
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Overview
Electrosteel Steels Limited (ESL) was established in 2006 and is a leading Indian manufacturer of steel products, including billets, TMT bars, wire rods, and ductile iron pipes. Firstly, it was called Electrosteel Integrated Limited and later renamed Electrosteel Steels Limited in 2010. The company is headquartered in Bokaro, Jharkhand. ESL operates a state-of-the-art integrated steel plant with a capacity of 2.5 million tonnes per annum (MTPA), producing high-quality steel for various industries including construction, infrastructure, and automotive.
Its Vision is to be a global leader in high-grade, low-cost steel production, building a sustainable future for all stakeholders and shaping India's self-reliance journey.
Many investors actively follow the Electrosteel Steels Limited share price to assess the company’s market performance. The share price of Electrosteel Steels Limited reflects its growth potential in the steel sector and is regularly tracked by both retail and institutional investors.
Products & Services
The company's products are known for their reliability, superior technology, and cost-effectiveness. Electrosteel Steels Limited offers a comprehensive range of products and services, including:
-
Billets: It is used for re-rolling into structural steel.
-
TMT Bars: These are high-strength bars for construction.
-
Wire Rods: This is used for wire drawing applications.
-
Ductile Iron Pipes: It is essential for water supply and sewage systems.
Board of Directors
The Board of Directors includes experienced professionals guiding the company’s strategic direction:
-
Mr. Umang Kejriwal - Managing Director
-
Mr. Mayank Kejriwal - Joint Managing Director
-
Mr. Sunil Katial - CEO & Whole-Time Director
-
Mr. Jinendra Kumar Jain - Independent Director
-
Dr. Mohua Banerjee - Independent Director
Subsidiaries
Electrosteel Steels operates as part of the Electrosteel Group alongside Electrosteel Castings Limited to enhance its product offerings and market reach.
About Electrosteel Steels Limited
IPO Details, Price movement
Performance Highlights 2023-2024
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Revenue from Operations increased from ₹7851 crore in FY2022-23 to ₹8300 crore in FY2023-24.
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Loss Before Tax was ₹470 crore in FY2022-23 and became ₹624 crore in FY2023-24.
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Net Loss increased from ₹558 crore in FY2022-23 to ₹968 crore in FY2023-24.
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Cash flow from Operating Activities was INR 953 crore in FY23 and became INR 1264 crore in FY24.
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Net Cash Used in Investing Activities was INR 38.6 crore in FY23, whereas it became INR 407.1 crore in FY24.
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Net cash used in Financing Activities was INR 944 crore in FY23, whereas it became INR 733 crore in FY24.
Fundamentals
Financials
All values are INR Cr except per share value
| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 6595.87 | 7977.58 | 8508.12 |
| Other Income | 203.97 | 74.70 | 110.52 |
| COGS | 4593.55 | 5022.92 | 4385.99 |
| Gross Profit | 2206.29 | 3029.36 | 4232.65 |
| Total Expense | 1440.10 | 2680.32 | 3961.42 |
| EBIDTA | 766.19 | 349.04 | 271.23 |
| D&A | 345.30 | 443.75 | 463.01 |
| EBIT | 420.89 | -94.71 | -191.78 |
| Interest Expense | 338.22 | 376.05 | 431.61 |
| PBT | 24.20 | -470.77 | -623.39 |
| TAX | 118.80 | 87.13 | 318.39 |
| PAT | -94.59 | -557.91 | -967.57 |
| Diluted EPS | -0.51 | -3.02 | -5.23 |
| Basic EPS | -0.51 | -3.02 | -5.23 |
| Total income | 6,799.84 | 8,052.28 | 8,618.64 |
ASSETS
| CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Cash and Cash Equivalents | 64.11 | 35.04 | 159.51 |
| Trade Payables | 80.58 | 248.63 | 110.70 |
| Inventory | 1179.67 | 1394.39 | 1063.39 |
| Other Current Assets | 1054.88 | 619.25 | 494.96 |
| Total Current Assets | 2,379.24 | 2,297.31 | 1,828.56 |
| NON CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Plant Property and Equipment | 4567.67 | 4485.52 | 4437.49 |
| Other Non Current Assets | 4203.95 | 4462.99 | 4541.90 |
| Total Non Current Assets | 8,771.62 | 8,948.51 | 8,979.39 |
| Total Assets | 11,150.86 | 11,245.82 | 10,807.95 |
|---|
| CURRENT LIABILITES | 2022 | 2023 | 2024 |
|---|---|---|---|
| TRADW Payable | 310.79 | 674.01 | 652.18 |
| Other Current Liab | 2068.43 | 2825.20 | 3819.76 |
| NON CURRENTLIABILITIES | 2022 | 2023 | 2024 |
|---|---|---|---|
| Long Term Debt | 2402.03 | 1945.49 | 1488.96 |
| Other Non Current Liab | 241.89 | 234.06 | 248.37 |
LIABILITIES
| EQUITY | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 1849.03 | 1849.03 | 1849.03 |
| Other Equity | 4278.70 | 3718.03 | 2749.65 |
| Total Equity | 6,127.73 | 5,567.06 | 4,598.68 |
| Total Liabilities & Equity | 6,127.73 | 5,567.06 | 4,598.68 |
|---|
| CASH FLOW STAT | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Cash Flow from operating | - | 1551.42 | 953.24 | 1264.16 |
| Cash Flow from financing | - | -865.31 | -943.71 | -732.57 |
| Cash Flow from investing | - | -742.82 | -38.61 | -407.12 |
| Net cash flow | 0.00 | -56.71 | -29.08 | 124.47 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Frequently Asked Questions
- The lockin period is of 6 months for pre-ipo investors i.e. they cannot sell their shares for 6 months after they get listed. However, they can definitely sell the shares in pre-ipo market before they get listed.
- With BharatInvest, you can now invest in unlisted/pre-ipo shares with as low as 25-50k depending upon the share.
- 1. You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
- 2. Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
- The value of share in unlisted space is determined in the same way as it is done in listed market. Demand and supply decide the price of any share. If the demand more than the supply, then the prices of the share increases and vice versa.
- When a new shares is introduces in the unlisted space, the value of the company is decided upon the last funding raised by company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
- A Public Unlisted Shares Is Not Listed on Stock Exchange, Where as a Listed Public Company Is Listed On Stock Exchange Such As BSE Or NSE For Trading Of Shares.
- If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
- If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 12.5% without indexation benefits.
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- Absoluetly NOT! Grey market is all about speculation relation to open price, subscription rate etc. And does not include physical delivery of shares. Whereas in pre ipo market you get to invest in shares much before the ipo too and it involves physical delivery of shares. It is compeletly legal and does not include any such speculation.
- Existing stakeholders, promoters or employees who have equity shares of an unlisted company and early investors who wish to get value of their investment.
- Yes, investing in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market.