Electrosteel Castings : Foraying Value Manufacturing through Strategic Acquisition

 

  • Electrosteel Castings : Foraying Value Manufacturing through Strategic Acquisition 


  • Q1FY26 Financial Highlights: 
  • • Total Income declined by 22.1% YoY to INR 1,586 Crores due to temporary slowdown of Jal Jeevan Mission funding. 
  • • EBITDA stood at INR 198 Crores in Q1FY26; EBITDA margin was at 12.5% during the quarter. 
  • • PAT stood at INR 89 Crores in Q1FY26; PAT margin was at 5.6% during the quarter. Foraying Value Manufacturing through Strategic Acquisition 
  • • ECL has acquired 100% shareholding in Italy based company T.I.S Service S.p.A (“TIS”). 
  • • TIS is amongst the leading international designer and manufacturer of Valve and Equipment for water mains services, sewage treatment plants and hydroelectric power stations. 
  • • The Company’s diversified product portfolio includes butterfly valves, gate valves, air relief valves, hydropower valves, and hydraulic control valves. 
  • • TIS has developed a new revolutionary product i.e the FR line – It converts pressure dispersion into electricity which can be directly used or fed into the grid. 
  • The product is patented and will be the cornerstone of the Company’s strong growth in coming years. 
  • • TIS has deep presence in Europe, Middle East, US and Africa This strategic acquisition marks a milestone in our growth journey and strengthens our position as a comprehensive solutions provider. T.I.S. brings with it decades of domain expertise, a strong brand legacy, and a product portfolio that complements and enhances our own.

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