Electrosteel Castings Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors recommended a final dividend of Re. 0.90 per share. Furthermore, the company has approved a strategic entry into the Industrial Paints and Protective Coatings market, with an estimated investment of Rs. 80-100 crore, aimed at leveraging existing capabilities to capture significant growth opportunities in the external market.
Financial Performance for FY 2025-26
For the financial year ended March 31, 2026, Electrosteel Castings Limited reported total revenue from operations of Rs. 5,918.02 crore on a consolidated basis. The company demonstrated resilience with a profit for the period of Rs. 161.48 crore. In terms of shareholder returns, the Board has recommended a final dividend of Re. 0.90 (90%) per equity share for the fiscal year, pending approval at the upcoming Annual General Meeting.
Strategic Market Entry
In a significant move to diversify its business portfolio, the Board has officially approved the company’s entry into the Industrial Paints and Protective Coatings market. This initiative will leverage the company’s existing expertise in manufacturing select protective coatings for internal consumption to address broader external opportunities. The indigenous market for this sector is valued at approximately Rs. 29,000 crore and is expanding at a 10% CAGR. The company plans to deploy an investment of Rs. 80-100 crore in a phased manner to build its presence in this segment.
Leadership Changes and Board Appointments
The company announced key leadership updates, including the re-appointment of Mr. Uddhav Kejriwal as Whole-time Director for a period of 5 years, effective June 16, 2026. Additionally, the Board has appointed Mr. Rajkumar Khanna as the new Chairman of the Board of Directors, effective May 18, 2026. Furthermore, the tenure for Mrs. Priya Manjari Todi, serving as a Whole-time Director, has been revised from 3 years to 5 years, effective from February 14, 2025.
Committee Reconstitution
Following the resignation of Mr. Rajkumar Khanna from his role as Chairman of the Nomination and Remuneration Committee, Mr. Jinendra Kumar Jain has been appointed as the new Chairman of the committee. Mr. Khanna will continue to serve as a member of the committee, ensuring continuity in corporate governance.
Source: BSE
