Korea Castiron Pipe IND한국주철관

Korea Castiron Pipe is a small, low-margin pipe maker trading near its 52-week low, with its filings showing a serious accident disclosure in August 2026.

The company makes ductile cast iron pipes for water and sewage systems, with demand tied to government infrastructure budgets, and also owns a cosmetics unit, Enpurani. Over the trailing twelve months to H1 2026 it reported revenue of ₩409B and operating income of ₩15B, a 3.7% operating margin. The share price of ₩6,390 sits near its 52-week low of ₩6,130 and well below its high of ₩7,880.

What stands out

• Trailing revenue is about ₩409B, down from ₩510B in 2021, and annual revenue fell in each year from 2022 to 2025.
• Net income of ₩17B in the trailing period is above operating income of ₩15B, and the data does not explain the gap.
• The company holds ₩44B of cash against ₩5.6B of borrowings, and liabilities are 20.7% of equity.
• Valuation is low on the data given: P/E of 8.5, P/B of 0.4 and a 6.3% dividend yield, while the data's DCF base value is ₩8,750 against the current price.
• An August 6, 2026 filing titled 'Occurrence of Serious Accident' appears in the recent filings list, but the data does not include its details.

What to watch

• The details and any financial impact of the serious accident disclosure, which the data does not include.
• Upcoming filings and results, since the latest reported period is H1 2026 and the amended annual report for December 2025 was filed on August 14, 2026.
• Foreign ownership has slipped from 2.7% to 2.3% over 60 days, and the data gives no reason for the change.