---
title: "ESL Steel Ltd (ELECTROSL) — Share Price, Financials & Analysis"
symbol: "ELECTROSL"
company: "ESL Steel Ltd"
canonical: "https://tapetide.com/stocks/ELECTROSL"
generated_at: "2026-10-13T10:58:42.225Z"
---

# ESL Steel Ltd (ELECTROSL)

Canonical page: https://tapetide.com/stocks/ELECTROSL

## Company

- **Stock Type:** EQUITY
- **Listed Since:** 2010-10-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** electrosteel.com; www.electrosteelsteels.com

## About

Electrosteel Steels Is engaged in the manufacturing and supply of wire rods, TMT Bars, Ductile Iron (DI) Pipes, Billets and also deals in Pig Iron and Iron and Steel Scrap products generated while manufacturing these products.

## Latest Price

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -18.4% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -250% | — |
| revenue growth | -8% | -2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 615 | 859 | 784 | 557 | 464 | 676 | 707 | 787 | 848 | 1149 | 1022 | 1099 |
| Expenses | 667 | 972 | 716 | 656 | 513 | 632 | 746 | 726 | 780 | 1002 | 1717 | 1033 |
| Operating Profit | -51 | -112 | 68 | -99 | -49 | 44 | -39 | 61 | 69 | 147 | -696 | 66 |
| OPM % | -8 | -13 | 9 | -18 | -11 | 7 | -5 | 8 | 8 | 13 | -68 | 6 |
| Other Income | 1 | 563 | 25 | 58 | 38 | 60 | 197 | 46 | 9 | -5304 | 1737 | 17 |
| Interest | 131 | 134 | 243 | 324 | 283 | 280 | 281 | 283 | 285 | -58 | 36 | 89 |
| Depreciation | 51 | 51 | 121 | 121 | 119 | 118 | 120 | 121 | 120 | 173 | 77 | 79 |
| Profit before tax | -232 | 265 | -271 | -486 | -413 | -293 | -242 | -297 | -328 | -5272 | 928 | -86 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -232 | 265 | -271 | -486 | -413 | -293 | -242 | -297 | -328 | -5272 | 928 | -86 |
| EPS in Rs | -0.96 | 1.1 | -1.12 | -2.02 | -1.72 | -1.22 | -1.01 | -1.23 | -1.36 | -21.88 | 4.73 | -0.44 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1831 | 2598 | 2562 | 3613 | 4952 | 6596 | 7978 | 8578 | 8147 | 7475 |
| Expenses | 1818 | 2805 | 2519 | 3378 | 5203 | 6031 | 7698 | 8344 | 7709 | 7304 |
| Operating Profit | 13 | -207 | 43 | 235 | -251 | 565 | 280 | 234 | 438 | 171 |
| OPM % | 0.7 | -8 | 1.7 | 7 | -5 | 9 | 3.5 | 2.7 | 5 | 2.3 |
| Other Income | 16 | 569 | 98 | -5050 | 2065 | 143 | 69 | 11 | 112 | -5 |
| Interest | 452 | 527 | 1126 | 790 | 321 | 338 | 376 | 432 | 425 | 361 |
| Depreciation | 201 | 203 | 479 | 534 | 305 | 345 | 444 | 463 | 444 | 444 |
| Profit before tax | -624 | -368 | -1463 | -6139 | 1188 | 24 | -471 | -649 | -318 | -639 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 491 | 19 | 49 | -16 | 83 |
| Net Profit | -624 | -368 | -1463 | -6139 | 1188 | -95 | -558 | -968 | -266 | -1168 |
| EPS in Rs | -2.59 | -1.53 | -6.07 | -25.48 | 6.06 | -0.48 | -2.84 | -4.93 | -1.36 | -5.96 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2409 | 2409 | 2409 | 2409 | 1962 | 1849 | 1849 | 1849 | 1849 | 1849 |
| Reserves | -1316 | -1514 | -2977 | -9117 | 1684 | 4279 | 3718 | 2750 | 2482 | 1311 |
| Borrowings | 10211 | 10269 | 10288 | 9907 | 3554 | 4008 | 3874 | 2535 | 2505 | 3888 |
| Other Liabilities | 2057 | 2268 | 3299 | 4789 | 1252 | 1059 | 1841 | 3708 | 4092 | 3947 |
| Total Liabilities | 13361 | 13432 | 13020 | 7988 | 8452 | 11194 | 11282 | 10841 | 10928 | 10995 |
| Fixed Assets | 4649 | 10374 | 9912 | 5162 | 5142 | 5110 | 4954 | 4859 | 4625 | 4740 |
| CWIP | 6819 | 1751 | 1799 | 919 | 911 | 806 | 1299 | 1700 | 2232 | 2688 |
| Investments | 40 | 0 | 0 | 0 | 627 | 180 | 20 | 20 | 21 | 181 |
| Other Assets | 1853 | 1307 | 1309 | 1907 | 1772 | 5098 | 5009 | 4262 | 4050 | 3386 |
| Total Assets | 13361 | 13432 | 13020 | 7988 | 8452 | 11194 | 11282 | 10841 | 10928 | 10995 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -384 | 721 | 204 | 1040 | 843 | 1551 | 953 | 1264 | 884 | 240 |
| Cash from Investing Activity | -590 | -765 | -68 | -649 | -207 | -743 | -39 | -407 | -397 | -344 |
| Cash from Financing Activity | 1165 | -122 | -53 | -444 | -321 | -865 | -944 | -733 | -587 | 117 |
| Net Cash Flow | 191 | -165 | 84 | -54 | 315 | -57 | -29 | 124 | -101 | 14 |
| Free Cash Flow | -1050 | -185 | 126 | 988 | 772 | 772 | 361 | 790 | 509 | -10 |
| CFO/OP | -2971 | -348 | 472 | 443 | -337 | 275 | 343 | 539 | 203 | 171 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 23 | 35 | 18 | 18 | 17 | 4 | 11 | 5 | 4 | 3 |
| Inventory Days | 224 | 151 | 175 | 143 | 108 | 103 | 113 | 89 | 89 | 77 |
| Days Payable | 68 | 75 | 93 | 181 | 107 | 26 | 53 | 119 | 137 | 142 |
| Cash Conversion Cycle | 180 | 111 | 100 | -20 | 18 | 81 | 71 | -25 | -44 | -63 |
| Working Capital Days | -124 | -157 | -314 | -364 | -6 | -41 | -63 | -124 | -173 | -211 |
| ROCE % | -2 | -1 | -3 | -2 | 11 | — | -1 | -2 | 1 | -3 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- |
| Promoters | 45.23% | 45.23% | 90% |
| FIIs | 4.03% | 0.04% | 0.09% |
| DIIs | 25.57% | 17.08% | 6.96% |
| Public | 25.17% | 37.65% | 2.95% |
| No. of Shareholders | 53480 | 75662 | 81213 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 45.23% | 45.23% | 45.23% | 45.23% | 45.23% | 45.23% | 45.23% | 45.23% | 90% | 90% |
| FIIs | 0.75% | 1.45% | 3.05% | 4.03% | 4.04% | 4.01% | 2.92% | 0.04% | 0.09% | 0.09% |
| DIIs | 28.93% | 28.23% | 26.58% | 25.57% | 25.55% | 8.91% | 25.51% | 17.08% | 7.04% | 6.96% |
| Public | 25.09% | 25.09% | 25.13% | 25.17% | 25.17% | 41.85% | 26.33% | 37.65% | 2.87% | 2.95% |
| No. of Shareholders | 52929 | 53557 | 53481 | 53480 | 53087 | 52400 | 57481 | 75662 | 83703 | 81213 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 66.82 | Buy |
| EMA (10) | 66.81 | Buy |
| SMA (20) | 67.8 | Sell |
| EMA (20) | 68.19 | Sell |
| SMA (50) | 73.56 | Sell |
| EMA (50) | 70.24 | Sell |
| SMA (100) | 69.18 | Sell |
| EMA (100) | 70.63 | Sell |
| SMA (200) | 69.59 | Sell |
| EMA (200) | 74.73 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.79 | Neutral |
| MACD (12,26,9) | -1.81 | Sell |
| Stochastic (14,3,3) | 39.33 | Neutral |
| ADX (14) | 21.4 | Neutral |
| Williams %R (14) | -53.11 | Neutral |
| ATR (14) | 7.96 | High Volatility |
| ROC (12) | -4.15 | Sell |
| Stoch RSI (14) | 61.98 | Neutral |
| UO (7,14,28) | 47.31 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2018-11-30 | [Transfer Of Operations Of Share Transfer Agent From Karvy Computershare Private Limited To Karvy Fintech Private Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7be69b9-9fbe-424e-8ebe-f7ad8f3b4879.pdf) |
| 2018-11-30 | [Transfer Of Operations Of Share Transfer Agent From Karvy Computershare Private Limited To Karvy Fintech Private Limited](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/c7be69b9-9fbe-424e-8ebe-f7ad8f3b4879.pdf) |
| 2018-10-31 | [Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b7c5568-d15c-4e2a-a675-443022c7ab99.pdf) |
| 2018-10-31 | [Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/4b7c5568-d15c-4e2a-a675-443022c7ab99.pdf) |
| 2018-10-30 | [Outcome Of The Board Meeting Held On October 30, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b536f35b-5fc5-4729-a4b7-70abf6f6a5a7.pdf) |
| 2018-10-30 | [Outcome Of The Board Meeting Held On October 30, 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/b536f35b-5fc5-4729-a4b7-70abf6f6a5a7.pdf) |
| 2018-10-22 | [Board Meeting Intimation for Intimation Of Meeting Of The Board For Approving Un-Audited Financial Results For The Quarter/Half Year Ended 30Th September, 2018.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e59139a-edd1-4817-913a-23fe8ce322c1.pdf) |
| 2018-10-22 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6500eec3-168f-4531-bd18-21515fc48107.pdf) |
| 2018-10-22 | [Board Meeting Intimation for Intimation Of Meeting Of The Board For Approving Un-Audited Financial Results For The Quarter/Half Year Ended 30Th September, 2018.](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/8e59139a-edd1-4817-913a-23fe8ce322c1.pdf) |
| 2018-10-22 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/6500eec3-168f-4531-bd18-21515fc48107.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/533264/5332640318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/533264/5332640317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/533264/5332640316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/533264/5332640315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/533264/5332640314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/533264/5332640313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/533264/5332640312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/533264/5332640311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/533264/5332640310.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-07-16 | Credit rating update — CRISIL |
| 2026-06-18 | Credit rating update — CRISIL |
| 2025-12-24 | Credit rating update — CRISIL |
| 2025-10-24 | Credit rating update — CRISIL |
| 2025-07-18 | Credit rating update — CRISIL |
| 2025-06-03 | Credit rating update — CRISIL |
| 2025-03-05 | Credit rating update — CRISIL |
| 2024-12-05 | Credit rating update — CRISIL |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:42.225Z.