Eastcoast Steel

how big is Eastcoast Steel?

As of Jun 04, Eastcoast Steel Ltd has a market capitalization of 8.00 Cr, classifying it as a Micro Cap company, with recent net sales of 15.52 Cr and a net profit of -0.15 Cr over the last four quarters. Shareholder's funds are 19.38 Cr, and total assets amount to 28.83 Cr as of Mar'24.

Market Cap: As of Jun 04, Eastcoast Steel Ltd has a market capitalization of 8.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes data from Mar'25, Dec'24, Sep'24, and Jun'24, is 15.52 Cr. The sum of Net Profit for the same period is -0.15 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the latest annual period ending in Mar'24. Shareholder's Funds are reported at 19.38 Cr, while Total Assets amount to 28.83 Cr.

What does Eastcoast Steel do?

Eastcoast Steel Ltd is a micro-cap manufacturer of steel products, incorporated in 1962, with recent quarterly net sales of 3 Cr and a market cap of Rs 8 Cr. The company reported a net profit of 0 Cr for the period ending March 2025.

Overview:<BR>Eastcoast Steel Ltd is a manufacturer of various steel products, operating within the Iron & Steel Products industry and categorized as a Micro Cap company.<BR><BR>History:<BR>Eastcoast Steel Ltd was incorporated on August 20, 1962, originally under the name Chudiwala Steels Ltd, and became a Public Limited Company in September 1988. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Most recent Net Sales: 3 Cr (Quarterly Results - Mar 2025)<BR>- Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap value: Rs 8 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A<BR>- Industry P/E: 14<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: -0.79<BR>- Return on Equity: -0.78%<BR>- Price to Book: 0.43<BR><BR>Contact Details:<BR>Address: Cuddalore Road, Pillaiyarkuppam Bahour Commune Pondicherry, Pondicherry: 607403 <BR>Tel: 022-40750100 <BR>Email: esl.complaince@gmail.com <BR>Website: http://www.eastcoaststeel.com

Has Eastcoast Steel declared dividend?

No Dividend History Available

Who are the peers of the Eastcoast Steel?

Eastcoast Steel's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, AFLOAT Enterpris, MFS Intercorp, P.M. Telelinnks, and T N Steel Tubes. Among these, APL Apollo Tubes shows the best management risk and growth, while Eastcoast Steel has below-average performance in management risk, growth, and a 1-year return of -38.68%.

Peers: The peers of Eastcoast Steel are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, AFLOAT Enterpris, MFS Intercorp, P.M. Telelinnks, and T N Steel Tubes.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, and MFS Intercorp. Average management risk is present at Jindal Saw and Eastcoast Steel, while Below Average management risk is noted at AFLOAT Enterpris, P.M. Telelinnks, and T N Steel Tubes. Growth is Excellent at APL Apollo Tubes, Average at Shyam Metalics and Ratnamani Metals, Below Average at Welspun Corp, Jindal Saw, Eastcoast Steel, MFS Intercorp, AFLOAT Enterpris, P.M. Telelinnks, and T N Steel Tubes. Capital Structure is Excellent at APL Apollo Tubes, Good at Welspun Corp and P.M. Telelinnks, and Below Average at Jindal Saw, Eastcoast Steel, AFLOAT Enterpris, MFS Intercorp, T N Steel Tubes, while Shyam Metalics and Ratnamani Metals have Excellent capital structures.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.53%, while the lowest is Eastcoast Steel at -38.68%. Eastcoast Steel's 1-year return is significantly lower than that of its peers. Additionally, the six-month return is negative for Ratnamani Metals, Jindal Saw, Eastcoast Steel, and T N Steel Tubes.

Is Eastcoast Steel overvalued or undervalued?

As of April 25, 2023, Eastcoast Steel is considered risky and overvalued due to a negative PE ratio of -8.66 and poor financial metrics, significantly underperforming its peers and the Sensex with a year-to-date return of -33.13%.

As of 25 April 2023, the valuation grade for Eastcoast Steel has moved from does not qualify to risky. The company is currently overvalued based on its financial metrics. Key ratios include a PE ratio of -8.66, an EV to EBIT of 6.03, and a Price to Book Value of 0.45, which indicate significant financial distress and a lack of profitability.<BR><BR>In comparison to its peers, Eastcoast Steel's valuation stands out negatively; for instance, Altius Telecom has a PE ratio of 52.97 and an EV to EBITDA of 11.81, reflecting a much healthier financial position. Other peers like Embassy Office REIT and Inventurus Knowledge have PE ratios of 23.06 and 56.63, respectively, further highlighting Eastcoast Steel's challenges. The company's stock has underperformed significantly against the Sensex, with a year-to-date return of -33.13% compared to the Sensex's 5.66%, reinforcing the notion of its overvaluation in the current market context.

What is the technical trend for Eastcoast Steel?

As of June 5, 2025, Eastcoast Steel's trend is mildly bearish, indicated by bearish weekly MACD and KST signals, while monthly indicators show mild bullishness, resulting in a mixed overall sentiment.

As of 5 June 2025, the technical trend for Eastcoast Steel has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the weekly MACD and KST both indicating bearish signals, while the monthly MACD and KST show a mildly bullish outlook. The Bollinger Bands and Dow Theory are also reflecting a mildly bearish trend on both weekly and monthly time frames. Daily moving averages remain bearish, suggesting short-term weakness. Overall, the indicators present a mixed picture, but the prevailing sentiment leans towards mild bearishness.

Who are in the management team of Eastcoast Steel?

As of March 2022, the management team of Eastcoast Steel includes Prithviraj S Parikh (Chairman & Non Executive Director), P K R K Menon (Company Secretary & Compliance Officer, and Director), and Sharmila S Chitale (Independent Director). These individuals are responsible for the company's governance and oversight.

As of March 2022, the management team of Eastcoast Steel includes the following individuals:<BR><BR>1. Prithviraj S Parikh - Chairman & Non Executive Director<BR>2. P K R K Menon - Company Secretary & Compliance Officer<BR>3. Sharmila S Chitale - Independent Director<BR>4. P K R K Menon - Director<BR><BR>These members play key roles in the governance and oversight of the company.

Who are the top shareholders of the Eastcoast Steel?

The top shareholders of Eastcoast Steel are Anagha Enterprises Pvt. Ltd. with 18.12%, Brijwasi Securities Private Limited at 12.54%, and individual investors holding 39.34%. Six mutual fund schemes own a combined 0.31%, with no foreign institutional investors involved.

The top shareholders of Eastcoast Steel include Anagha Enterprises Pvt. Ltd., which holds the largest stake at 18.12%. Following that, Brijwasi Securities Private Limited is the highest public shareholder with a holding of 12.54%. Additionally, individual investors collectively own 39.34% of the company. There are also six mutual fund schemes that hold a combined 0.31%, but there are no foreign institutional investors involved.

Are Eastcoast Steel latest results good or bad?

Eastcoast Steel's latest results are mixed; while Profit After Tax improved to Rs 0.27 crore from a loss, net sales plummeted by 99.90% and net profit decreased by 44.44%, leading analysts to rate the stock as a 'Strong Sell.' Overall, the financial performance suggests more challenges than positives.

Eastcoast Steel's latest results present a mixed picture. While the company has shown a significant improvement in its Profit After Tax (PAT), which stands at Rs 0.27 crore for the latest six-month period compared to a loss of Rs -0.17 crore in the previous year, other financial metrics indicate challenges. <BR><BR>For the quarter ending June 2025, the company reported a drastic decline in net sales, with a year-over-year growth of -99.90%. Additionally, the standalone net profit saw a decrease of 44.44% compared to the same quarter last year. The operating profit margin also reflects a concerning trend, dropping significantly.<BR><BR>Overall, while the improvement in PAT is a positive sign for Eastcoast Steel's financial health, the substantial declines in sales and profits suggest that the company is facing significant difficulties. The 'Strong Sell' rating from analysts further indicates caution regarding its current standing. Therefore, the results can be viewed as more negative than positive, given the broader context of financial performance.

When is the next results date for Eastcoast Steel?

The next results date for Eastcoast Steel is 14 November 2025.

The next results date for Eastcoast Steel is scheduled for 14 November 2025.

How has been the historical performance of Eastcoast Steel?

Eastcoast Steel has experienced fluctuating financial performance, with net sales rising to 15.52 Cr in Mar'25 but facing losses, including a profit after tax of -0.15 Cr. Total liabilities and assets decreased, while cash flow from operations remained negative, indicating a challenging financial landscape.

Answer:<BR>The historical performance of Eastcoast Steel shows a fluctuating trend in its financial metrics over the years.<BR><BR>Breakdown:<BR>Eastcoast Steel's net sales have increased from 0.00 Cr in Mar'22 to 15.52 Cr in Mar'25, although there was a decline from 19.76 Cr in Mar'24. The total operating income followed a similar pattern, reaching 15.52 Cr in Mar'25 after rising from 4.96 Cr in Mar'23. However, total expenditure has also increased, peaking at 16.62 Cr in Mar'25, leading to an operating profit (PBDIT) of -0.42 Cr, a decline from a profit of 1.01 Cr in Mar'23. The profit before tax has shown a downward trend, moving from a profit of 1.00 Cr in Mar'23 to a loss of -0.44 Cr in Mar'25, while the profit after tax also fell to -0.15 Cr in Mar'25 from a profit of 0.79 Cr in Mar'23. The company's earnings per share (EPS) have been negative in the last two years, with -0.28 in Mar'25 compared to -0.06 in Mar'24. On the balance sheet, total liabilities decreased from 28.83 Cr in Mar'24 to 22.05 Cr in Mar'25, while total assets also declined from 28.83 Cr to 22.05 Cr in the same period. Cash flow from operating activities remained negative at -1.00 Cr in Mar'25, consistent with the previous year, while cash flow from investing activities was significantly negative at -9.00 Cr. Overall, Eastcoast Steel has experienced a challenging financial landscape with fluctuating revenues and increasing expenditures leading to losses in recent years.

Should I buy, sell or hold Eastcoast Steel?

Which are the latest news on Eastcoast Steel?

Why is Eastcoast Steel Ltd falling/rising?

As of 08-Feb, Eastcoast Steel Ltd's stock price is at 22.00, unchanged, and has underperformed its sector by 1.96%. The stock shows stagnation in performance, with significant declines over longer periods and concerns regarding its financial health and investor participation.

As of 08-Feb, Eastcoast Steel Ltd's stock price is currently at 22.00, showing no change (0.00%). The stock has underperformed its sector by 1.96% today, indicating a decline in performance relative to its peers. Over the past week, the stock has not moved, reflecting a 0.00% change, while the benchmark Sensex has increased by 1.59%. <BR><BR>The stock's performance over the last month also shows no change, contrasting with a decline of 1.74% in the Sensex. Year-to-date, the stock remains unchanged, while the Sensex has decreased by 1.92%. Despite a positive return of 6.80% over the past year, the stock has significantly underperformed over longer periods, with a decline of 37.41% over three years and 68.41% over five years, compared to the Sensex's gains.<BR><BR>Investor participation appears to be falling, as evidenced by a notable drop in delivery volume, which has decreased by 49.15% against the five-day average. Additionally, the stock's moving averages indicate mixed signals; it is higher than the 50-day and 100-day moving averages but lower than the 5-day, 20-day, and 200-day moving averages. <BR><BR>The company's financial health raises concerns, with operating losses and a high Debt to EBITDA ratio of -1.00 times, suggesting a low ability to service debt. The Debtors Turnover Ratio is at its lowest, indicating inefficiencies in collecting receivables. Furthermore, the stock is considered risky due to negative EBITDA and is trading at valuations that are concerning compared to its historical averages. <BR><BR>Overall, these factors contribute to the stock's stagnation and potential decline, as it faces challenges in both market performance and fundamental strength.