Eastcoast Steel

Why is Eastcoast Steel Ltd falling/rising?

As of 23-Jun, Eastcoast Steel Ltd's stock price is stable at 17.05, with no recent changes. However, it has significantly underperformed year-to-date, declining by 22.50% compared to the Sensex's 10.58% drop, indicating ongoing challenges despite short-term stability.

As of 23-Jun, Eastcoast Steel Ltd's stock price is currently stable at 17.05, showing no change (0.00%). Over the past week, the stock has performed at +0.00%, which indicates it has not experienced any upward or downward movement in that timeframe, especially in contrast to the Sensex, which has decreased by 0.79%. <BR><BR>In the last month, the stock has seen a slight increase of 0.29%, while the Sensex has risen by 1.04%. However, looking at the year-to-date performance, Eastcoast Steel Ltd has declined significantly by 22.50%, compared to a 10.58% drop in the Sensex, indicating a more severe downturn relative to the broader market. Over a three-year period, the stock has fallen by 51.49%, while the Sensex has gained 20.99%, further highlighting the stock's underperformance.<BR><BR>Today's performance summary indicates that the stock has outperformed its sector by 5.99%, which is a positive sign. However, it has also shown erratic trading patterns, having not traded on four out of the last twenty days. This inconsistency may contribute to investor uncertainty. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 88.64% compared to the five-day average, suggesting reduced interest in trading the stock.<BR><BR>The moving averages indicate that while the stock is currently higher than its five-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, which may signal a bearish trend. Despite being liquid enough for trading, the overall picture suggests that Eastcoast Steel Ltd is facing challenges that contribute to its declining performance over the longer term, despite some short-term stability.

Which are the latest news on Eastcoast Steel?

How big is Eastcoast Steel?

As of 10th June, Eastcoast Steel Ltd has a market capitalization of 9.00 Cr, with recent net sales of 16.82 Cr and a net profit of 0.58 Cr. Shareholder's funds are 19.23 Cr, and total assets amount to 22.05 Cr.

As of 10th June, Eastcoast Steel Ltd has a market capitalization of 9.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, Eastcoast Steel reported Net Sales of 16.82 Cr and a Net Profit of 0.58 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 19.23 Cr and Total Assets of 22.05 Cr.

Who are in the management team of Eastcoast Steel?

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).

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>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Eastcoast Steel?

Eastcoast Steel's peers include Trans Freight, T N Steel Tubes, AFLOAT Enterpris, Monind, Castora Agri Com, Sh. Steel Wire, MFS Intercorp, Elango Industrie, and Quality Foils. In terms of performance, Castora Agri Com leads with a 1-year return of 125.34%, while Eastcoast Steel has a return of 6.56%.

Peers: The peers of Eastcoast Steel are Trans Freight, T N Steel Tubes, AFLOAT Enterpris, Monind, Castora Agri Com, Sh. Steel Wire, MFS Intercorp, Elango Industrie, and Quality Foils.<BR><BR>Quality Snapshot: Excellent management risk is observed at MFS Intercorp, while Below Average management risk is found at T N Steel Tubes, AFLOAT Enterpris, Castora Agri Com, Eastcoast Steel, Sh. Steel Wire, Elango Industrie, and Quality Foils, and the rest. Average growth is noted at Eastcoast Steel and Castora Agri Com, while Below Average growth is seen at T N Steel Tubes, AFLOAT Enterpris, Sh. Steel Wire, and the rest. Good capital structure is present at AFLOAT Enterpris and Sh. Steel Wire, while Below Average capital structure is found at T N Steel Tubes, Castora Agri Com, Eastcoast Steel, MFS Intercorp, Elango Industrie, Quality Foils, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Castora Agri Com at 125.34%, while the peer with the lowest is Trans Freight at -27.73%. Eastcoast Steel's 1-year return is 6.56%, which is higher than Trans Freight but lower than Castora Agri Com. Additionally, peers such as Trans Freight, MFS Intercorp, and Sh. Steel Wire have negative six-month returns.

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 17 Cr and a market cap of INR 9 Cr. The company operates with a P/E of 16.00 and has a negative debt-equity ratio of -0.73.

Overview:<BR>Eastcoast Steel Ltd is a manufacturer of various steel products, operating in 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. The company became a Public Limited Company in September 1988. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 17 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 9 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 16.00<BR>- Industry P/E: 14<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.73<BR>- Return on Equity: 2.06%<BR>- Price to Book: 0.45<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

Should I buy, sell or hold Eastcoast Steel Ltd?

When is the next results date for Eastcoast Steel Ltd?

The next results date for Eastcoast Steel Ltd is 29 May 2026.

The next results date for Eastcoast Steel Ltd is scheduled for 29 May 2026.

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.

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.

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.

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.

Has Eastcoast Steel declared dividend?

No Dividend History Available