WEBSITE BSE:504988 NSE: WELCAST Inc. Year: 1972 Industry: Castings/Forgings My Bucket: Add Stock
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Welcast Steels Limited is a public limited company incorporated on February 28, 1972, is a stalwart in the manufacturing of high chrome grinding media balls used in the cement and mining industries. The company is headquartered in Ahmedabad, Gujarat, and operates with an authorized share capital of INR 2.00 cr and a paid-up capital of INR 63.82 lac. With a promoter holding of 74.85%, Welcast Steels Limited demonstrates a strong commitment as a leading manufacturer. The company’s in the business of supplying high quality cast high chromiu...Read More
Welcast Steels Limited is a public limited company incorporated on February 28, 1972, is a stalwart in the manufacturing of high chrome grinding media balls used in the cement and mining industries. The company is headquartered in Ahmedabad, Gujarat, and operates with an authorized share capital of INR 2.00 cr and a paid-up capital of INR 63.82 lac. With a promoter holding of 74.85%, Welcast Steels Limited demonstrates a strong commitment as a leading manufacturer. The company’s in the business of supplying high quality cast high chromium grinding media to the cement industry. Clientele includes some of the most prominent names in cement and mining sectors relying on their products. The management team, led by experienced directors such as Bhadresh Kantilal Shah and Sanjay Shaileshbhai Majmudar, ensures that Welcast Steels adheres to the highest standards of production and customer service. ...Read Less
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Market Cap ₹44 Cr.
Stock P/E -130.9
P/B 1.3
Current Price ₹692
Book Value ₹ 516.8
Face Value 10
52W High ₹1385.8
Dividend Yield 0%
52W Low ₹ 650.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 | 26 | 20 | 26 | 24 | 16 | 23 | 21 | 23 | 21 | 3 |
| Other Income | 2 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 28 | 21 | 26 | 25 | 17 | 23 | 21 | 23 | 21 | 3 |
| Total Expenditure | 25 | 19 | 24 | 26 | 16 | 23 | 21 | 23 | 21 | 6 |
| Operating Profit | 3 | 2 | 2 | -1 | 0 | 0 | 1 | -0 | -0 | -3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | -0 |
| Profit Before Tax | 3 | 2 | 2 | -1 | -0 | 0 | 0 | -0 | -3 | -3 |
| Provision for Tax | 1 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 |
| Profit After Tax | 2 | 1 | 1 | -1 | -0 | 0 | 0 | -0 | -3 | -3 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | 1 | 1 | -1 | -0 | 0 | 0 | -0 | -3 | -3 |
| Adjusted Earnings Per Share | 32.7 | 19.2 | 21.1 | -9.1 | -0.9 | 1.8 | 2.9 | -4.6 | -50.7 | -49.5 |
| #(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 | 203 | 120 | 201 | 234 | 270 | 150 | 98 | 86 | 94 | 91 | 85 | 68 |
| Other Income | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 4 | 2 | 0 |
| Total Income | 204 | 120 | 202 | 234 | 270 | 151 | 98 | 87 | 95 | 95 | 86 | 68 |
| Total Expenditure | 202 | 119 | 199 | 231 | 266 | 149 | 98 | 86 | 90 | 87 | 86 | 71 |
| Operating Profit | 2 | 1 | 3 | 4 | 4 | 2 | 0 | 1 | 5 | 8 | 1 | -2 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 |
| Profit Before Tax | 0 | -0 | 2 | 2 | 3 | -0 | -1 | -1 | 2 | 7 | -0 | -6 |
| Provision for Tax | 0 | -0 | 1 | 1 | 1 | 0 | 0 | -0 | -0 | 2 | -0 | 0 |
| Profit After Tax | -0 | -0 | 2 | 2 | 2 | -0 | -2 | -0 | 3 | 5 | -0 | -6 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | 2 | 2 | 2 | -0 | -2 | -0 | 3 | 5 | -0 | -6 |
| Adjusted Earnings Per Share | -0.4 | -6.9 | 26.4 | 25 | 28.8 | -4.1 | -28.5 | -7.7 | 41.4 | 82.2 | -5.3 | -101.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -7% | -0% | -11% | -8% |
| Operating Profit CAGR | -88% | 0% | -13% | -7% |
| PAT CAGR | -100% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -34% | -0% | 7% | 6% |
| ROE Average | -1% | 7% | 3% | 2% |
| ROCE Average | -1% | 10% | 5% | 5% |
| #(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 | 31 | 30 | 32 | 33 | 35 | 34 | 33 | 33 | 35 | 40 | 40 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | -0 | 0 | -0 |
| Total Current Liabilities | 17 | 5 | 15 | 21 | 18 | 14 | 8 | 9 | 11 | 10 | 8 |
| Total Liabilities | 48 | 36 | 47 | 55 | 54 | 50 | 41 | 43 | 46 | 51 | 47 |
| Fixed Assets | 5 | 5 | 5 | 4 | 7 | 8 | 7 | 7 | 5 | 4 | 4 |
| Other Non-Current Assets | 6 | 7 | 6 | 8 | 7 | 7 | 7 | 3 | 2 | 3 | 3 |
| Total Current Assets | 37 | 25 | 36 | 43 | 41 | 35 | 28 | 32 | 39 | 44 | 41 |
| Total Assets | 48 | 36 | 47 | 55 | 54 | 50 | 41 | 43 | 46 | 51 | 47 |
| #(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 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 2 | 3 | 1 | 4 |
| Cash Flow from Operating Activities | -5 | 10 | 1 | -2 | 6 | -0 | 2 | 3 | 17 | 4 | -4 |
| Cash Flow from Investing Activities | -1 | -0 | -1 | -2 | -1 | -2 | 0 | -1 | -15 | -1 | 3 |
| Cash Flow from Financing Activities | 6 | -9 | -0 | 4 | -4 | 2 | -1 | -1 | -4 | -0 | -0 |
| Net Cash Inflow / Outflow | -0 | 0 | -0 | 0 | 0 | 0 | 2 | 1 | -2 | 3 | -1 |
| Closing Cash & Cash Equivalent | 0 | 1 | 0 | 0 | 0 | 1 | 2 | 3 | 1 | 4 | 2 |
| # | 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) | -0.39 | -6.92 | 26.36 | 24.97 | 28.82 | -4.12 | -28.52 | -7.7 | 41.37 | 82.24 | -5.29 |
| CEPS(Rs) | 27.4 | 7.99 | 39.21 | 39.03 | 42 | 16.81 | -6.12 | 9.26 | 55.5 | 93.93 | 7.08 |
| DPS(Rs) | 2 | 0 | 2 | 2 | 2.5 | 0 | 0 | 0 | 2.5 | 2.5 | 0 |
| Book NAV/Share(Rs) | 480.42 | 473.11 | 499.65 | 521.66 | 548.63 | 539.32 | 513.32 | 509.59 | 553.29 | 631.66 | 622.44 |
| Core EBITDA Margin(%) | 0.78 | 0.25 | 1.22 | 1.29 | 1.34 | 0.6 | -0.06 | 0.06 | 4.53 | 4.87 | -1.34 |
| EBIT Margin(%) | 0.41 | -0.11 | 1.12 | 1.13 | 1.21 | 0.26 | -1.05 | -0.36 | 4.37 | 8.03 | -0.28 |
| Pre Tax Margin(%) | 0.13 | -0.35 | 1.06 | 0.94 | 1.03 | -0.03 | -1.43 | -0.63 | 2.55 | 7.7 | -0.42 |
| PAT Margin (%) | -0.01 | -0.34 | 0.77 | 0.66 | 0.68 | -0.18 | -1.86 | -0.57 | 2.81 | 5.76 | -0.4 |
| Cash Profit Margin (%) | 0.79 | 0.39 | 1.14 | 1.04 | 0.99 | 0.71 | -0.4 | 0.69 | 3.77 | 6.58 | 0.54 |
| ROA(%) | -0.05 | -1.05 | 4.07 | 3.14 | 3.38 | -0.51 | -4 | -1.17 | 5.97 | 10.89 | -0.69 |
| ROE(%) | -0.08 | -1.45 | 5.42 | 4.89 | 5.38 | -0.76 | -5.42 | -1.51 | 7.78 | 13.88 | -0.84 |
| ROCE(%) | 2.45 | -0.43 | 7.91 | 7.75 | 8.77 | 1.03 | -2.75 | -0.86 | 11.63 | 19.34 | -0.59 |
| Receivable days | 9.36 | 19.85 | 10.81 | 15.15 | 17.41 | 26.71 | 43.51 | 53.02 | 31.8 | 25.11 | 33.27 |
| Inventory Days | 31.04 | 46.47 | 24.91 | 28.62 | 28.68 | 51.54 | 56.76 | 56.96 | 58.15 | 50.75 | 48.95 |
| Payable days | 27.2 | 24.21 | 22.12 | 29.96 | 24.41 | 34.54 | 26.07 | 23.51 | 40.69 | 49.49 | 43.46 |
| PER(x) | 0 | 0 | 22.28 | 37.52 | 20.4 | 0 | 0 | 0 | 14.2 | 18.79 | 0 |
| Price/Book(x) | 1.21 | 0.9 | 1.18 | 1.8 | 1.07 | 0.56 | 0.7 | 0.76 | 1.06 | 2.45 | 1.84 |
| Dividend Yield(%) | 0.34 | 0 | 0.34 | 0.21 | 0.43 | 0 | 0 | 0 | 0.43 | 0.16 | 0 |
| EV/Net Sales(x) | 0.23 | 0.22 | 0.19 | 0.27 | 0.14 | 0.15 | 0.25 | 0.28 | 0.39 | 1.04 | 0.83 |
| EV/Core EBITDA(x) | 18.49 | 33.35 | 11.4 | 17.74 | 9.28 | 13.2 | 59.65 | 31.52 | 7.26 | 11.77 | 126.72 |
| Net Sales Growth(%) | -14.52 | -41.17 | 68.29 | 16.15 | 15.3 | -44.36 | -34.7 | -12.23 | 9.24 | -3.03 | -7.21 |
| EBIT Growth(%) | -82.05 | -116.45 | 1749.63 | 10.72 | 20.14 | -88.27 | -367.75 | 69.87 | 1429.28 | 77.96 | -103.24 |
| PAT Growth(%) | -100.84 | -1666.4 | 480.96 | -5.27 | 15.4 | -114.3 | -592.39 | 73 | 637.28 | 98.79 | -106.43 |
| EPS Growth(%) | -100.84 | -1666.53 | 480.95 | -5.27 | 15.4 | -114.3 | -592.39 | 73 | 637.28 | 98.79 | -106.43 |
| Debt/Equity(x) | 0.3 | 0 | 0 | 0.15 | 0.03 | 0.12 | 0.11 | 0.09 | 0 | 0 | 0 |
| Current Ratio(x) | 2.13 | 4.81 | 2.45 | 2.03 | 2.23 | 2.46 | 3.36 | 3.75 | 3.63 | 4.3 | 5.26 |
| Quick Ratio(x) | 0.95 | 2.35 | 1.28 | 1.06 | 1.02 | 1.01 | 2.14 | 1.81 | 2.39 | 3.1 | 3.9 |
| Interest Cover(x) | 1.45 | -0.49 | 18.59 | 5.96 | 6.73 | 0.88 | -2.73 | -1.35 | 2.4 | 24.08 | -2.03 |
| Total Debt/Mcap(x) | 0.24 | 0 | 0 | 0.08 | 0.03 | 0.21 | 0.15 | 0.12 | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.85 | 74.85 | 74.85 | 74.85 | 74.85 | 74.85 | 74.85 | 74.85 | 74.85 | 74.85 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 |
| Public | 25.14 | 25.14 | 25.14 | 25.14 | 25.14 | 25.14 | 25.14 | 25.14 | 25.15 | 25.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
* The pros and cons are machine generated.
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