Electrosteel Castings Limited has announced its financial results for the quarter and year ended March 31, 2026. The board has recommended a final dividend of Re. 0.90 (90%) per equity share for the 2025-26 financial year. Additionally, the company is set to diversify its operations by entering the Industrial Paints and Protective Coatings market, with an estimated investment of Rs. 80-100 crore, aimed at leveraging existing internal manufacturing capabilities.
Financial Performance Overview
For the year ended March 31, 2026, the company reported revenue from operations of Rs. 5,918.02 crore on a consolidated basis. The profit before tax for the fiscal year stood at Rs. 218.87 crore. The audited results, which include consolidated figures for the company’s various global subsidiaries, reflect the company’s operational performance during the fiscal year.
Dividend and Governance Updates
The Board of Directors has recommended a final dividend of Re. 0.90 per equity share (of face value Re. 1/- each) for the 2025-26 financial year, pending approval from shareholders at the upcoming Annual General Meeting. Furthermore, the Board has approved the re-appointment of Mr. Uddhav Kejriwal as Whole-time Director for a period of five years, effective from June 16, 2026. Additionally, Mr. Rajkumar Khanna has been appointed as the Chairman of the Board of Directors, effective May 18, 2026.
Strategic Market Expansion
In a move to diversify its business portfolio, the company has officially decided to enter the Industrial Paints and Protective Coatings market. This new line of business is expected to leverage the company’s existing protective coating manufacturing capabilities currently used for captive consumption. The market for these products is estimated at Rs. 29,000 crore, with a growth rate of 10% CAGR. The company plans to deploy an investment of Rs. 80-100 crore in a phased manner to capture this external market opportunity.
Source: BSE
