Steelcast

₹672.8 13.8 | 2.1%

WEBSITE BSE:513517 NSE : STEELCAST 10 May, 16:01

Market Cap ₹1362 Cr.

Stock P/E 18.0

P/B 5.3

Current Price ₹672.8

Book Value ₹ 126.7

Face Value 5

52W High ₹781

Dividend Yield 1.47%

52W Low ₹ 454

Edit Ratio

Steelcast Research see more...

Overview Inc. Year: 1972Industry: Castings/Forgings

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 patterns, a Pattern Shop and Ancillaries for making Wooden, Metallic and Shell Patterns. Its merchandise in valves and pumps enterprise section consist of valve Body, Bonnet and Yoke. Its merchandise in shipping enterprise segment encompass Segment Feeder, and Anchor and Shank Assembly. Its products in railways segment include Side Frame and Coupler Body. Its products in cement enterprise include Blow Bar, Cooler Grate plates and Drag Chain Links.

Steelcast Share Price

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Peer Comparison

Steelcast Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	77	79	93	116	121	120	120	119	102	90
Other Income	0	0	0	0	1	0	0	0	1	1
Total Income	78	79	93	116	122	120	120	120	102	91
Total Expenditure	59	62	75	92	93	89	89	87	73	63
Operating Profit	18	17	18	24	29	31	31	33	29	28
Interest	0	1	0	1	1	1	0	0	0	0
Depreciation	5	4	4	5	5	4	4	5	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	13	11	13	19	24	26	26	28	25	23
Provision for Tax	3	3	3	5	6	6	7	7	6	6
Profit After Tax	10	9	10	14	18	19	20	20	19	17
Adjustments	-0	0	-0	0	0	-0	0	-0	0	0
Profit After Adjustments	10	9	10	14	18	19	20	20	19	17
Adjusted Earnings Per Share	4.8	4.2	4.8	7	8.7	9.5	9.7	10	9.2	8.6

Steelcast Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	287	144	80	137	134	231	318	201	158	302	477	431
Other Income	1	1	1	0	0	2	1	0	2	0	1	2
Total Income	289	145	81	137	135	233	319	201	159	302	478	433
Total Expenditure	240	118	81	111	109	188	259	163	126	238	362	312
Operating Profit	49	27	0	27	26	45	61	38	33	64	115	121
Interest	10	11	12	14	10	11	10	5	4	2	3	0
Depreciation	10	15	12	12	12	15	16	16	14	18	18	17
Exceptional Income / Expenses	0	0	0	0	1	0	0	0	0	0	0	0
Profit Before Tax	29	1	-23	0	4	19	35	17	16	45	95	102
Provision for Tax	9	0	-4	0	1	-2	10	9	4	11	24	26
Profit After Tax	20	0	-19	0	3	21	25	8	12	33	71	76
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	20	0	-19	0	3	21	25	8	12	33	71	76
Adjusted Earnings Per Share	11.3	0.2	-10.2	0.1	1.5	10.3	12.3	3.9	5.9	16.4	34.8	37.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	58%	33%	16%	5%
Operating Profit CAGR	80%	45%	21%	9%
PAT CAGR	115%	107%	28%	14%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	33%	70%	36%	37%
ROE Average	38%	24%	20%	12%
ROCE Average	42%	27%	23%	16%

Steelcast Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	77	79	60	72	74	93	115	118	129	157	215
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	71	70	50	52	26	14	28	12	9	0	0
Other Non-Current Liabilities	11	11	7	7	24	15	10	16	12	8	8
Total Current Liabilities	78	82	107	89	87	121	70	51	43	112	82
Total Liabilities	238	242	224	220	211	244	222	197	192	276	305
Fixed Assets	116	142	135	134	125	123	117	107	98	109	142
Other Non-Current Assets	9	10	7	6	7	4	7	12	11	16	15
Total Current Assets	113	90	82	79	78	117	99	78	83	151	148
Total Assets	238	242	224	220	211	244	222	197	192	276	305

Steelcast Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	7	7	7	3	-49	-49	-70	-21	-17	0	0
Cash Flow from Operating Activities	32	40	3	26	19	13	54	34	29	-0	108
Cash Flow from Investing Activities	-52	-42	-2	-6	-3	-13	-7	-6	-4	-33	-54
Cash Flow from Financing Activities	20	2	-5	-16	-16	-22	2	-25	-14	33	-53
Net Cash Inflow / Outflow	-0	0	-4	4	0	-21	49	4	12	0	0
Closing Cash & Cash Equivalent	7	7	3	7	-49	-70	-21	-17	-5	0	0

Steelcast Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	11.28	0.23	-10.16	0.07	1.47	10.31	12.34	3.94	5.94	16.44	34.84
CEPS(Rs)	17.11	8.37	-3.77	6.15	7.44	17.63	20.07	11.87	12.77	25.19	43.81
DPS(Rs)	1.8	0	0	0	0.6	1.35	2	0.6	1.35	3.15	9.9
Book NAV/Share(Rs)	43.88	43.38	32.86	35.48	36.58	46.11	56.8	58.25	63.62	77.35	106.33
Core EBITDA Margin(%)	15.67	17.15	-1.5	18.71	17.79	18.66	18.62	18.76	19.75	21.14	23.91
EBIT Margin(%)	12.71	7.85	-12.71	10.19	10.15	13.05	14.14	11	12.19	15.38	20.35
Pre Tax Margin(%)	9.57	0.38	-26.1	0.3	2.97	8.13	11.03	8.49	9.81	14.8	19.76
PAT Margin (%)	6.49	0.28	-21.4	0.09	2.1	8.94	7.86	3.98	7.54	11.01	14.74
Cash Profit Margin (%)	9.85	10.04	-7.95	8.89	10.63	15.29	12.78	11.98	16.2	16.87	18.54
ROA(%)	9.41	0.18	-7.93	0.06	1.38	9.19	10.72	3.8	6.17	14.21	24.27
ROE(%)	29.13	0.55	-26.64	0.2	4.08	24.92	23.98	6.85	9.75	23.32	37.94
ROCE(%)	22.78	5.82	-5.23	7.07	7.91	17.42	24.61	12.91	12.37	25.05	42.49
Receivable days	53.41	95.23	136.36	86.95	91.25	68.28	62.82	77.31	91.18	76.39	58.22
Inventory Days	36.19	68.29	116.23	60.89	56.35	50.96	36.98	42.78	55.67	52.65	42.91
Payable days	70.33	127.7	166.24	99.19	202.56	190.34	95.23	104.11	131.47	133.37	105.22
PER(x)	3.19	111.25	0	985.54	51.76	16.74	11.99	19.78	23.54	21.28	13.07
Price/Book(x)	0.82	0.6	1.16	1.82	2.08	3.74	2.6	1.34	2.2	4.52	4.28
Dividend Yield(%)	5.01	0	0	0	0.79	0.78	1.35	0.77	0.97	0.9	2.17
EV/Net Sales(x)	0.59	1.22	2.63	1.83	1.8	1.9	1.12	1	1.93	2.54	1.98
EV/Core EBITDA(x)	3.47	6.6	1080.91	9.44	9.44	9.72	5.9	5.27	9.16	11.97	8.16
Net Sales Growth(%)	20.68	-49.72	-44.96	72.33	-2.04	72.25	37.48	-36.91	-21.37	91.49	57.87
EBIT Growth(%)	19.02	-69.01	-192.15	229.85	0.82	111.69	47.64	-50.93	-11.84	139.14	109.31
PAT Growth(%)	39.29	-97.83	-4445.49	100.72	2135.98	601.84	19.74	-68.06	50.69	176.78	111.96
EPS Growth(%)	32.96	-97.93	-4445.79	100.65	2134.86	601.86	19.74	-68.06	50.69	176.78	111.96
Debt/Equity(x)	1.52	1.74	2.4	1.78	1.21	0.99	0.56	0.38	0.18	0.4	0.11
Current Ratio(x)	1.44	1.09	0.76	0.89	0.89	0.97	1.41	1.53	1.92	1.35	1.81
Quick Ratio(x)	1.06	0.76	0.5	0.68	0.61	0.63	1.07	1.08	1.33	0.8	1.19
Interest Cover(x)	4.05	1.05	-0.95	1.03	1.41	2.66	4.54	4.39	5.11	26.21	34.56
Total Debt/Mcap(x)	1.86	2.9	2.06	0.98	0.58	0.27	0.22	0.28	0.08	0.09	0.03

Steelcast Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	46.07	46.07	46.07	46.07	46.07	46.07	45	45	45	45
FII	0.02	0.02	0.02	0.11	0.25	0.09	0.26	0.38	0.08	0.01
DII	0	0	0	0	0	0	0.06	0.07	0.07	0.33
Public	53.91	53.91	53.91	53.83	53.69	53.84	54.68	54.55	54.85	54.66
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.93	0.93	0.93	0.93	0.93	0.93	0.91	0.91	0.91	0.91
FII	0	0	0	0	0	0	0.01	0.01	0	0
DII	0	0	0	0	0	0	0	0	0	0.01
Public	1.09	1.09	1.09	1.09	1.09	1.09	1.11	1.1	1.11	1.11
Others	0	0	0	0	0	0	0	0	0	0
Total	2.02	2.02	2.02	2.02	2.02	2.02	2.02	2.02	2.02	2.02

Pros

Company has delivered good profit growth of 27% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 24%
Debtor days have improved from 133.37 to 105.22days.
Company is almost debt free.

Cons

Promoter holding is low: 45%.
Stock is trading at 5.3 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Steelcast News

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Steelcast

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Steelcast Research see more...

Overview Inc. Year: 1972Industry: Castings/Forgings

Steelcast Share Price

Alert Data

Quarterly Price

Peer Comparison

Steelcast Quarterly Results

Steelcast Profit & Loss

Growth Rates

Steelcast Balance Sheet

Steelcast Cash Flow

Steelcast Ratios

Steelcast Shareholding Pattern

Steelcast News

IPO

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