Erciyas Celik Boru Sanayi A.S.

Erciyas Celik Boru Sanayi A.S.

BBIST:ERCB
33.78
TRY
-0.24
(-0.71%)
-7.60EPS
3.78BMarket Cap
Erciyas Celik Boru Sanayi A.S.
BIST:ERCB
(Istanbul Exchange)

Recent

price

33.78

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
TRY
- -
13.51
45.24
106.24
93.21
90.99
74.63
Revenue per Share
- -
0.32
2.38
1.19
0.37
-5.22
-7.63
Basic EPS, GAAP
- -
0.23
-1.37
-5.99
4.71
-11.13
-39.03
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
6.99
14.92
23.8
38.4
46.09
45.68
68.89
Book Value per Share
6.89
14.7
23.46
37.86
45.4
44.7
67.77
Tangible Book Value per Share
60
78
78
78
78
78
78
Basic Weighted Avg Shares
- -
1,050
3,518
8,263
7,249
7,077
5,804
Sales/Revenue/Turnover
- -
7.58
4.74
4.72
3.69
2.65
-2.85
Operating Margin (%)
- -
55
120
178
256
299
370
Depreciation Expense
- -
25
185
92
29
-406
-593
Net Income, GAAP
- -
36.94
- -
6.46
84.72
- -
- -
Effective Tax Rate (%)
- -
2.35
5.25
1.12
0.39
-5.73
-10.22
Profit Margin (%)
182
166
276
816
1,524
3,191
4,322
Working Capital
304
381
399
676
762
3,698
5,082
LT Debt
543
1,160
1,851
2,987
3,554
3,535
5,319
Total Equity
- -
6.18
- -
16.96
1.11
- -
- -
Return on Invested Capital (%)
- -
3.09
- -
6.98
2.17
- -
- -
Return on Capital (%)
- -
2.9
12.27
3.81
0.87
-11.37
-17.46
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,929
2,450
3,140
LT Borrowings
3,692
4,076
5,079
LT Finance Leases
6
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
78
78
78
Market Capitalization
5,475
3,828
3,783

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,113
9,274
9,853
Cash, Cash Equivalents & STI
96
576
141
Accounts Receivable, Net
3,036
3,133
3,343
Inventories
450
681
469
Total Current Liabilities
4,922
5,334
5,531
Payables & Accruals
- -
- -
- -
ST Debt
1,929
2,450
3,140
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
50.57%
-0.53%
Free Cash Flow
- -
- -
-336.07%
Net Income, GAAP
- -
- -
-1,520.66%
Sales/Revenue/Turnover
- -
- -
-2.38%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,712
1,909
1,570
2,059
7,249
2025
- -
2,203
1,982
1,530
7,077
2026
991
1,301
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.43
0.22
-0.11
-0.17
0.37
2025
- -
-0.22
0.04
-4.16
-5.22
2026
1.7
-5.21
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Erciyas Celik Boru Sanayi A.S. is a Turkey-based industrial manufacturing company engaged in the production, coating, and international distribution of spiral submerged arc welded steel pipes and integrated pipeline infrastructure solutions. Founded in 1989 and headquartered in Istanbul, Turkey, the company operates advanced manufacturing and coating facilities located in Duzce and Mersin, supplying high-specification tubular solutions to the energy, water transmission, maritime, and structural engineering sectors across Europe, the Middle East, the Americas, Africa, and Central Asia. The company's primary business operations encompass the design, manufacture, and anti-corrosion processing of large-diameter steel pipes. Its core product and service offerings comprise helical submerged arc welded (SSAW/HSAW) steel pipes engineered for high-pressure natural gas, crude oil, and hydrocarbon transport; large-diameter spiral welded steel pipes for potable water transmission, hydroelectric penstocks, wastewater management, and agricultural irrigation networks; heavy-wall foundation piling and casing pipes for marine ports, bridge piers, jetties, and civil engineering infrastructure; structural steel pipes and customized industrial spools; external anti-corrosion protective coatings, including three-layer polyethylene (3LPE), three-layer polypropylene (3LPP), single- and dual-layer fusion-bonded epoxy (FBE), and polyurethane systems; internal lining applications, including solvent-free liquid epoxy, flow-efficiency epoxy coatings for gas pipelines, and cement-mortar linings for potable water; and comprehensive technical support services, including laboratory testing, non-destructive examination (NDE), custom fabrication, and on-site field joint coating. In recent strategic developments, Erciyas Celik Boru Sanayi A.S. has expanded its technological capabilities and sustainable transport footprint through an ongoing strategic partnership and investment with Hyperloop Transportation Technologies (HyperloopTT) to research, engineer, and manufacture specialized steel vacuum tubes and infrastructure for next-generation hyperloop transportation systems. The company has also developed and certified hydrogen-ready steel pipelines capable of transporting pure hydrogen and blended natural gas-hydrogen mixtures to support European and international green energy transition projects. Furthermore, following the full operational integration of its Mersin coastal production facility and strategic expansion in the railway logistics sector through its rolling stock affiliate RC Endustri Ulasim Araclari A.S., the company has broadened its industrial scope to include the production of certified rail freight wagons and bogie systems while continuously upgrading its port-integrated export capabilities and automated production lines.