company-logo

Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, DI fittings and accessories, and cast iron (CI) pipes in India and internationally. It offers DI pipes, such as electrolock restraint joint pipes and fittings; ductile iron pipes and fittings; electro-PUC ductile iron pipes with PU coatings; electrotuff ductile iron pipes and fittings with epoxy coatings; ductile iron fittings; and electrolock joint clamp rings. The company's DI pipes are used in various applications, including raw and clear water transmission; distribution network of potable water; water supply for industrial/process plants; ash-slurry handling and disposal systems; on-shore and off-shore firefighting systems; desalination plants; sewerage and waste water force mains; gravity sewerage collection and disposal systems; storm water drainage piping; domestic and industrial disposal systems; recycling systems; piping work in water and sewage treatment plants; vertical connection to utilities and reservoirs; piling for ground stabilization; and protective piping under carriage-ways. It also provides metallurgical coke, sinter, cement, sponge iron, ferro silicon, pig iron, and silico manganese ferro alloy. The company was formerly known as Dalmia Iron and Steel Ltd. Electrosteel Castings Limited was incorporated in 1955 and is headquartered in Kolkata, India.

Electrosteel Castings Dividend Announcement

Electrosteel Castings announced a semi annually dividend of ₹0.90 per ordinary share which will be made payable on 2024-09-22. Ex dividend date: 2024-08-16
Electrosteel Castings annual dividend for 2024 was ₹1.40
Electrosteel Castings annual dividend for 2023 was ₹0.90
Electrosteel Castings's trailing twelve-month (TTM) dividend yield is 0.85%

Electrosteel Castings Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-16₹0.90semi annually2024-09-22
2024-02-21₹0.50semi annually
2023-09-04₹0.90semi annually2023-10-11
2022-09-08₹0.80semi annually2022-10-16
2021-08-26₹0.25semi annually2021-10-03
2020-09-07₹0.30semi annually2020-10-15
2020-08-31₹0.30semi annually
2018-09-06₹0.30semi annually2018-10-13
2017-09-07₹0.50semi annually2017-10-14
2016-09-01₹0.50semi annually
2015-09-03₹0.65semi annually2015-10-10
2014-08-20₹0.65semi annually
2013-08-13₹0.50semi annually2013-09-21
2012-08-30₹0.50semi annually2012-10-07

Electrosteel Castings Dividend per year

Electrosteel Castings Dividend growth

Electrosteel Castings Dividend Yield

Electrosteel Castings current trailing twelve-month (TTM) dividend yield is 0.85%. Interested in purchasing Electrosteel Castings stock? Use our calculator to estimate your expected dividend yield:

Electrosteel Castings Financial Ratios

P/E ratio11.65
PEG ratio-0.06
P/B ratio1.87
ROE17.23%
Payout ratio0.00%
Current ratio1.67
Quick ratio0.76
Cash Ratio0.09

Electrosteel Castings Dividend FAQ

How much is the next Electrosteel Castings dividend?
Electrosteel Castings's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Electrosteel Castings dividend. The next Electrosteel Castings dividend will be released in September.
When is Electrosteel Castings dividend paid?
Electrosteel Castings pays dividends on a semi annually basis. The specific dates may vary each year but are generally around September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Electrosteel Castings pay?
The specific amount of Electrosteel Castings dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Electrosteel Castings's dividend history.
Does Electrosteel Castings stock pay dividends?
Yes, Electrosteel Castings does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Electrosteel Castings's dividend history.
How much dividend does Electrosteel Castings pay?
Electrosteel Castings paid ₹1.4 in 2024, ₹0.9 in 2023, ₹0.8 in 2022, ₹0.25 in 2021, and ₹0.6 in 2020.
How often does Electrosteel Castings pay dividends?
Electrosteel Castings typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around September.
What is Electrosteel Castings's dividend yield?
The current dividend yield for Electrosteel Castings is 0.85%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Electrosteel Castings's exact dividend yield.
When does Electrosteel Castings go ex dividend?
Electrosteel Castings's ex-dividend date for the latest dividend was on 2024-08-16. Electrosteel Castings typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Electrosteel Castings dividend paid?
Electrosteel Castings pays dividends on a semi annually basis, typically around September, but the exact dates can vary each year.
Will Electrosteel Castings increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Electrosteel Castings will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Electrosteel Castings dividend per share?
Electrosteel Castings paid ₹1.4 per share in 2024 and ₹0.9 per share in 2023. The amount of dividend per share that Electrosteel Castings pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Electrosteel Castings a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Electrosteel Castings a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Electrosteel Castings a dividend stock?
Yes, Electrosteel Castings is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Electrosteel Castings a good dividend stock?
Whether Electrosteel Castings is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Electrosteel Castings has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Electrosteel Castings as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Electrosteel Castings pay dividends monthly?
Electrosteel Castings typically pays dividends on a semi annually basis.
Does Electrosteel Castings pay dividends quarterly?
Electrosteel Castings currently pays dividends on a semi annually basis.
Has Electrosteel Castings ever paid a dividend?
Yes, Electrosteel Castings has a history of paying dividends to its shareholders. Electrosteel Castings is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Electrosteel Castings dividend stocks?
To buy Electrosteel Castings you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Electrosteel Castings stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Electrosteel Castings pay dividends 2024?
Electrosteel Castings pays dividends on a semi annually basis. 2024 dividend payments are in 2024-09-22. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Electrosteel Castings increase its dividend in 2024?
Decisions regarding Electrosteel Castings dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Electrosteel Castings dividend overview you can look into the above table of dividend history.
How Electrosteel Castings dividend works?
The Electrosteel Castings dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Electrosteel Castings's dividend process works:

1. Determination of Dividend: Electrosteel Castings's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Electrosteel Castings publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Electrosteel Castings distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Electrosteel Castings are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Electrosteel Castings dividends paid?
Electrosteel Castings dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Electrosteel Castings sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Electrosteel Castings distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Electrosteel Castings declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Electrosteel Castings pay dividends?
Electrosteel Castings typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Electrosteel Castings pay dividends?
The general pattern is that Electrosteel Castings pays dividends around September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Electrosteel Castings dividend safe?
The safety of Electrosteel Castings's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Electrosteel Castings's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Electrosteel Castings's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.