Steelcast logo

Steelcast

STEELCAS NSE

Key Fundamentals

MicrocapCastings & ForgingsIndustrial Products
Market Cap
₹3,221 Cr
Volatility
Moderate
P/E Ratio
36.34
EBITDA
₹130 Cr
Return on Equity
21.99%
Debt to Equity
0
Book Value
₹39.03
EPS
₹33.43
52W High
₹364
52W Low
₹176.02

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.9%
  • Company has been maintaining a healthy dividend payout of 19.8%

Weaknesses

1
  • Stock is trading at 8.33 times its book value

Growth Rate

Revenue Growth
15.24% higher than 3Y
Net Income Growth
20.36% higher than 3Y
Cash Flow Change
14.61% higher than 3Y
ROE
-0.77% lower than 3Y
ROCE
-1.65% higher than 3Y
EBITDA Margin (Avg.)
1.79% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

Steelcast Ltd is a small-cap industrial company with a market cap of ₹3,256 Cr, trading at a P/E of 36.2x and P/B of 7.95x. The company has delivered a 3-year ROE of ~26% while remaining nearly debt-free, though its 3-year compounded sales growth has been negative at -4%.

Bull Case 8
  • Company is almost debt-free, significantly reducing financial risk and interest burden
  • Consistent ROE track record of 26% over 3 years, 27% over 5 years, and 23% over 10 years indicates strong capital efficiency
  • Compounded profit growth of 49% over 5 years and 92% over 10 years shows long-term earnings expansion
  • TTM sales growth of 12% signals a recovery from the 3-year negative sales CAGR period
  • TTM profit growth of 20% outpacing TTM sales growth of 12% suggests improving margins
  • Stock CAGR of 55% over 5 years and 36% over 10 years reflects sustained market re-rating
  • Healthy dividend payout ratio of 19.8% with a current yield of 0.84% shows shareholder return discipline
  • Company has actively reduced debt, strengthening balance sheet resilience through cycles
Bear Case 8
  • Stock trades at 7.95x book value, a steep premium that leaves limited margin of safety
  • P/E of 36.2x is elevated for an industrial/steel casting company, pricing in significant future growth
  • 3-year compounded sales CAGR is negative at -4%, indicating revenue stagnation over a meaningful period
  • Profit growth has decelerated from 49% (5-year CAGR) to just 7% (3-year CAGR), showing slowing momentum
  • Small-cap status at ₹3,256 Cr market cap implies lower liquidity and higher volatility risk
  • Dividend yield of only 0.84% offers limited income cushion if stock price corrects
  • Gap between 5-year sales CAGR (22%) and 3-year sales CAGR (-4%) signals revenue cyclicality inherent in the casting business
  • Stock CAGR of 46% over 3 years significantly outpaces 3-year profit CAGR of 7%, suggesting valuation has run ahead of fundamentals

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 1
  • 20% PAT growth in FY26 Jun 8

    Steelcast posted PAT of ₹86.86 crore for FY26, up 20.31% YoY. Revenue rose 13.33% to ₹423.17 crore driven by strong export performance.

Neutral 2
  • Investor meet on Jun 23 Jun 17

    Steelcast officials will attend an in-person investor conference on June 23, 2026, organized by PhillipCapital PCG.

  • No new share encumbrances Jun 16

    Promoter Chetan M Tamboli declared no new encumbrances on shares for FY26 under Regulation 31(4) of SAST Regulations.

TL;DR: Steelcast is executing well with 20% profit growth and 13% revenue expansion in FY26, backed by strong exports. No headwinds are visible in recent news and promoter shareholding remains unencumbered. The upcoming investor meet could provide forward guidance. The trend is positive with healthy topline and bottomline momentum heading into FY27.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
119
102
90
98
77
75
102
120
107
107
97
112
125
Expenses
87
73
63
70
58
56
73
83
79
76
70
83
93
Operating Profit
32
29
27
29
20
19
28
38
27
30
28
29
32
OPM %
27%
28%
30%
29%
25%
25%
28%
31%
26%
28%
28%
26%
26%
Other Income
0
1
1
1
1
2
1
2
3
4
4
5
3
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
5
4
4
4
3
3
3
3
3
3
3
3
3
PBT
28
25
23
25
18
18
26
36
27
31
28
31
32
Tax %
27%
25%
26%
26%
26%
26%
26%
26%
25%
25%
26%
25%
25%
Net Profit
20
19
17
19
13
13
19
27
20
23
21
23
24
EPS in Rs
2
1.84
1.72
1.85
1.28
1.31
1.9
2.65
1.96
2.29
2.03
2.29
2.34
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
79
137
134
231
318
201
158
302
477
410
373
423
441
Expenses
80
111
109
188
259
163
126
238
362
292
270
309
322
Operating Profit
-1
26
25
44
59
38
32
64
114
117
103
114
119
OPM %
-1.6%
19%
19%
19%
19%
19%
20%
21%
24%
29%
28%
27%
27%
Other Income
2
0
1
2
1
0
1
0
2
3
7
15
16
Interest
12
14
10
11
10
5
4
2
4
1
1
0
0
Depreciation
12
12
12
15
16
16
14
18
18
18
13
13
13
PBT
-23
0
4
19
35
17
16
45
95
101
97
116
122
Tax %
-18%
69%
29%
-10%
29%
53%
23%
26%
25%
26%
26%
25%
—
Net Profit
-18
0
3
21
25
8
12
33
71
75
72
87
91
EPS in Rs
-2.03
0.01
0.29
2.06
2.47
0.79
1.19
3.29
6.97
7.41
7.13
8.58
8.95
Div. Payout %
0%
0%
41%
13%
16%
15%
23%
19%
28%
19%
20%
20%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
9
10
10
10
10
10
10
10
10
10
10
10
Reserves
51
62
64
83
105
108
119
146
205
260
316
385
Borrowings
144
128
90
93
64
45
23
63
24
0
0
0
Other Liabilities
21
20
47
58
43
35
40
57
66
54
63
65
Total Liabilities
224
220
211
244
222
197
192
276
305
324
389
460
Fixed Assets
135
134
125
123
117
107
98
109
142
138
142
158
CWIP
5
0
1
2
0
0
1
5
0
0
2
1
Investments
0
0
0
0
0
0
0
0
10
21
37
79
Other Assets
84
85
85
118
105
90
93
162
153
164
209
222
Total Assets
224
220
211
244
222
197
192
276
305
324
389
460
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3
26
—
13
54
34
29
0
107
82
75
86
Investing
-2
-6
—
-13
-7
-6
-4
-33
-53
-38
-59
-67
Financing
-5
-16
—
-22
2
-25
-14
-25
-54
-45
-16
-18
Net Cash Flow
-4
4
—
-21
49
4
12
-58
0
0
0
1
Free Cash Flow
1
19
—
-1
47
28
25
-33
63
68
57
55
CFO/OP
-266
98
—
34
110
117
103
20
115
91
96
101
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
140
97
94
83
65
52
119
91
59
83
95
93
Inventory Days
512
214
447
349
99
180
276
330
139
116
219
171
Days Payable
177
90
260
256
67
82
151
192
120
88
162
106
Cash Conversion Cycle
475
221
281
176
97
150
244
230
78
111
153
158
Working Capital Days
-136
-47
-30
-8
26
46
88
44
44
82
118
116
ROCE %
-5%
7%
7%
17%
24%
13%
12%
25%
42%
40%
33%
32%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

FIIs0.29%Promot.45.00%DIIs2.55%Others19.97%Public32.19%As ofJun 2026
3.29% of promoter holding pledged as of Jun 2026

Documents

Frequently Asked Questions about Steelcast

What does Steelcast Ltd do?
Steelcast Limited (SCL) is engaged in the business of manufacturing Steel and Alloy Steel Castings catering to a host of OEMs for diverse industrial sectors. [1]
Where is Steelcast Ltd (STEELCAS) listed?
Steelcast Ltd trades as STEELCAS on the NSE and under code 513517 on the BSE.
Which sector does Steelcast Ltd belong to?
Steelcast Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of Steelcast Ltd?
Steelcast Ltd has a market capitalisation of ₹3,221 Cr, which places it in the Small Cap band.
What is the PE ratio of Steelcast Ltd?
Steelcast Ltd trades at a PE ratio of 36.34, on earnings per share of ₹33.43, against a book value of ₹39.03 per share.
What is the 52-week high and low of Steelcast Ltd?
Over the last 52 weeks Steelcast Ltd has traded between ₹176.02 and ₹364.
Does Steelcast Ltd pay dividends?
Steelcast Ltd has a dividend yield of 0.14%.
What is the Return on Equity (ROE) of Steelcast Ltd?
Steelcast Ltd reported a return on equity of 21.99%. Its debt-to-equity ratio is 0.00.

Company Information

Steelcast Limited (SCL) is engaged in the business of manufacturing Steel and Alloy Steel Castings catering to a host of OEMs for diverse industrial sectors. [1]

Website steelcast.net
CEO Mr. Chetankumar Manmohanbhai Tamboli
Employees 491
Listed 2021-11-23
Face Value ₹ 1
Issued Size 10,12,00,000

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