What we do Earthstahl & Alloys Ltd produces cast iron lumps, ductile iron pipes, steels and alloys, primarily serving water supply and industrial sectors from Raipur, India. |
Founded in 2,009 |
Market share Growing capacity with recent public listing; expanding presence in cast iron and ductile iron pipe fittings industry in India. |
Problem solved Provides reliable cast iron and ductile iron products critical for water distribution infrastructure and industrial applications. |
Top clients or who we serve Supplies pipe fittings and castings mainly for water supply systems and steel/alloy industries; B2B clients including infrastructure and steel plants. |
Key management - |
Our journey and innovations Commissioned multiple arc furnaces and a briquetting plant; resumed production after 2018 shutdown; raised funds via 2023 IPO; expanded pipe fitting production. |
Where we operate Operates from manufacturing plant near Raipur, India; exports present but minimal. |
Top products or what we offer Cast iron lumps, ductile iron pipe fittings including OPVC compatible fittings, and various alloy castings; recent briquetting and power supply enhancements. |
Top brands - |
Raw materials needed Steel scrap, iron pellets, sponge iron from nearby Bhilai Steel Plant and local suppliers. |
Raw materials supplier Local steel plants including Bhilai Steel Plant, Raipur pellet and sponge iron producers. |
Recurring vs cyclical contribution Revenues are partly cyclical, influenced by steel pricing and power costs; some recurring sales in pipe fittings. |
Our industry position Emerging manufacturer with expanded capacity; faces industry headwinds like power tariff hikes and price volatility. |
Financial highlights FY 2024-25 revenue Rs 72.3 Cr; net profit Rs 0.53 Cr, EBITDA Rs 4.48 Cr; faced margin pressure due to rising costs and tariffs. |
Geographical revenue split Primarily domestic sales with minor exports (Rs 27 lakh of pipe fittings). |
Order book - |
Whats driving growth Capacity expansion, commissioning of briquetting plant, power supply upgrades, and exploring value-added products. |
Our future plans Focus on stabilizing operations, enhancing product portfolio, exploring new casting products; deferring solar power projects. |
Our green promise Installed briquetting plant for energy efficiency; solar power plans deferred due to regulatory changes. |
Our people and values 145 employees; focus on compliance, diversity in leadership, and robust remuneration policies. |
Key challenges ahead Rising electricity tariffs, price fluctuations in steel and cast iron markets, and maintaining operational efficiency. |
Interesting facts Recovered from 2015-18 shutdown; raised Rs 13 Cr IPO in 2023; one of the few Indian manufacturers with large submerged arc furnace capacity. |
Risks and strategy Mitigating power cost risks via subsidies and tariff negotiations; exploring product diversification to improve margins. |
