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Steelcast Overview

Steelcast Ltd is engaged within the enterprise of metallic casting. The Company's product range include carbon, low alloy, and high alloy steel, and other grades of wear and abrasion resistant steel castings produced through No Bake and Shell Molding Process. It serves diverse industries, consisting of earthmoving system manufacturers, mining equipment manufacturers, construction device producers, castings for steel plants, castings for cement plant life and railways. It has MAGMASOFT Software giving foolproof techniques for designing and patte...Read More

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Steelcast Key Financials

Market Cap ₹2845 Cr.

Stock P/E 39.4

P/B 7.5

Current Price ₹281.1

Book Value ₹ 37.6

Face Value 1

52W High ₹284.3

Dividend Yield 0.51%

52W Low ₹ 165.3

Steelcast Share Price

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Volume
Price

Steelcast Quarterly Price

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Steelcast Peer Comparison

Steelcast Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 102 90 98 77 75 100 121 107 107 97
Other Income 1 1 1 1 2 2 1 3 4 4
Total Income 102 91 99 79 77 103 122 109 111 101
Total Expenditure 73 63 70 58 56 73 83 79 76 70
Operating Profit 29 28 30 21 21 29 39 30 34 31
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 4 4 4 3 3 3 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 25 23 25 18 18 26 36 27 31 28
Provision for Tax 6 6 6 5 5 7 9 7 8 7
Profit After Tax 19 17 19 13 13 19 27 20 23 21
Adjustments 0 -0 0 0 0 -0 0 0 0 0
Profit After Adjustments 19 17 19 13 13 19 27 20 23 21
Adjusted Earnings Per Share 1.8 1.7 1.8 1.3 1.3 1.9 2.6 2 2.3 2

Steelcast Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 80 137 134 231 318 201 158 302 477 410 376 432
Other Income 1 0 0 2 1 0 2 0 2 3 4 12
Total Income 81 137 135 233 319 201 159 302 479 413 381 443
Total Expenditure 81 111 109 188 259 163 126 238 362 292 270 308
Operating Profit 0 27 26 45 61 38 33 64 116 120 111 134
Interest 12 14 10 11 10 5 4 2 4 1 1 0
Depreciation 12 12 12 15 16 16 14 18 18 18 13 12
Exceptional Income / Expenses 0 0 1 0 0 0 0 0 0 0 0 0
Profit Before Tax -23 0 4 19 35 17 16 45 95 101 97 122
Provision for Tax -4 0 1 -2 10 9 4 11 24 26 25 31
Profit After Tax -19 0 3 21 25 8 12 33 71 75 72 91
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -19 0 3 21 25 8 12 33 71 75 72 91
Adjusted Earnings Per Share -2 0 0.3 2.1 2.5 0.8 1.2 3.3 7 7.4 7.1 8.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -8% 8% 13% 17%
Operating Profit CAGR -8% 20% 24% 0%
PAT CAGR -4% 30% 55% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 59% 42% 59% 34%
ROE Average 24% 31% 25% 15%
ROCE Average 33% 39% 31% 20%

Steelcast Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 60 72 74 93 115 118 129 157 215 270 326
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 50 52 26 14 28 12 9 0 0 0 0
Other Non-Current Liabilities 7 7 24 15 10 16 12 8 8 10 12
Total Current Liabilities 107 89 87 121 70 51 43 112 82 44 52
Total Liabilities 224 220 211 244 222 197 192 276 305 324 389
Fixed Assets 135 134 125 123 117 107 98 109 142 138 142
Other Non-Current Assets 7 6 7 4 7 12 11 16 15 20 39
Total Current Assets 82 79 78 117 99 78 83 151 148 166 208
Total Assets 224 220 211 244 222 197 192 276 305 324 389

Steelcast Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 7 3 -49 -49 -70 -21 -17 0 0 0 0
Cash Flow from Operating Activities 3 26 19 13 54 34 29 -0 107 82 74
Cash Flow from Investing Activities -2 -6 -3 -13 -7 -6 -4 -33 -53 -38 -58
Cash Flow from Financing Activities -5 -16 -16 -22 2 -25 -14 33 -54 -45 -16
Net Cash Inflow / Outflow -4 4 0 -21 49 4 12 0 0 -0 0
Closing Cash & Cash Equivalent 3 7 -49 -70 -21 -17 -5 0 0 0 0

Steelcast Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -2.03 0.01 0.29 2.06 2.47 0.79 1.19 3.29 6.97 7.41 7.13
CEPS(Rs) -0.75 1.23 1.49 3.53 4.01 2.37 2.55 5.04 8.76 9.18 8.37
DPS(Rs) 0 0 0.12 0.27 0.4 0.12 0.27 0.63 1.98 1.44 1.44
Book NAV/Share(Rs) 6.57 7.1 7.32 9.22 11.36 11.65 12.72 15.47 21.27 26.64 32.2
Core EBITDA Margin(%) -1.5 18.71 17.79 18.66 18.62 18.76 19.75 21.14 23.96 28.61 28.23
EBIT Margin(%) -12.71 10.19 10.15 13.05 14.14 11 12.19 15.38 20.54 24.9 26.07
Pre Tax Margin(%) -26.1 0.3 2.97 8.13 11.03 8.49 9.81 14.8 19.8 24.59 25.85
PAT Margin (%) -21.4 0.09 2.1 8.94 7.86 3.98 7.54 11.01 14.77 18.27 19.18
Cash Profit Margin (%) -7.95 8.89 10.63 15.29 12.78 11.98 16.2 16.87 18.58 22.64 22.51
ROA(%) -7.93 0.06 1.38 9.19 10.72 3.8 6.17 14.21 24.27 23.86 20.25
ROE(%) -26.64 0.2 4.08 24.92 23.98 6.85 9.75 23.32 37.94 30.94 24.25
ROCE(%) -5.23 7.07 7.91 17.42 24.61 12.91 12.37 25.05 42.8 40.2 32.96
Receivable days 136.36 86.95 91.25 68.28 62.82 77.31 91.18 76.39 58.04 75.56 92.5
Inventory Days 116.23 60.89 56.35 50.96 36.98 42.78 55.67 52.65 43.01 36.99 36.48
Payable days 166.24 99.19 202.56 190.34 95.23 104.11 131.47 133.37 108.88 122.97 143.64
PER(x) 0 985.54 51.76 16.74 11.99 19.78 23.54 21.28 13.07 17.64 27.86
Price/Book(x) 1.16 1.82 2.08 3.74 2.6 1.34 2.2 4.52 4.28 4.91 6.17
Dividend Yield(%) 0 0 0.79 0.78 1.35 0.77 0.97 0.9 2.17 1.1 0.72
EV/Net Sales(x) 2.63 1.83 1.8 1.9 1.12 1 1.93 2.54 1.98 3.2 5.33
EV/Core EBITDA(x) 1080.91 9.44 9.44 9.72 5.9 5.27 9.16 11.97 8.11 10.91 18.11
Net Sales Growth(%) -44.96 72.33 -2.04 72.25 37.49 -36.91 -21.37 91.49 57.87 -14.06 -8.21
EBIT Growth(%) -192.15 229.86 0.82 111.69 47.64 -50.93 -11.84 139.14 110.84 4.24 -3.95
PAT Growth(%) -4445.49 100.72 2135.98 601.84 19.74 -68.06 50.69 176.78 111.96 6.35 -3.74
EPS Growth(%) -4445.79 100.65 2134.86 601.86 19.74 -68.06 50.69 176.78 111.96 6.35 -3.74
Debt/Equity(x) 2.4 1.78 1.21 0.99 0.56 0.38 0.18 0.4 0.11 0 0
Current Ratio(x) 0.76 0.89 0.89 0.97 1.41 1.53 1.92 1.35 1.81 3.73 4.01
Quick Ratio(x) 0.5 0.68 0.61 0.63 1.07 1.08 1.33 0.8 1.19 3 3.18
Interest Cover(x) -0.95 1.03 1.41 2.66 4.54 4.39 5.11 26.21 27.78 80.08 116.31
Total Debt/Mcap(x) 2.06 0.98 0.58 0.27 0.22 0.28 0.08 0.09 0.03 0 0

Steelcast Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 45 45 45 45 45 45 45 45 45 45
FII 0.38 0.08 0.01 0.07 0.11 0.17 0.23 0.38 0.19 0.22
DII 0.07 0.07 0.33 0.29 0 0 0.3 0.87 1.1 2.22
Public 54.55 54.85 54.66 54.65 54.89 54.83 54.47 53.76 53.7 52.55
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Steelcast News

Steelcast Pros & Cons

Pros

  • Company has delivered good profit growth of 55% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 45%.
  • Debtor days have increased from 122.97 to 143.64days.
  • Stock is trading at 7.5 times its book value.
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