Foseco Crucible (India) Ltd (FOSECOC)

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Foseco Crucible (India) Ltd (FOSECOC) · mywealthgrid

About

Foseco Crucible (India) Ltd manufactures electrodes and refractories for industrial applications, serving foundry and metallurgical sectors. The company operates at modest scale (₹895 Cr market cap, averaging ₹42 Cr quarterly revenue) with concentrated promoter ownership (75%) and a track record of regular dividend distributions.

Face value: ₹5

Market cap

₹1,095 Cr

P/E

39.7×

P/B

7.8×

Dividend yield

0.6%

ROE

13.8%

ROCE

33.1%

Debt / equity

OPM

26.7%

EPS (TTM)

₹49.2

Book value

₹250.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Sharp profitability deterioration in latest quarter (Mar 2025): net profit fell 63% to ₹2.88 Cr from ₹7.85 Cr, operating margin compressed from 23.44% to 15.48%; verify whether this is cyclical softness or structural operational challenge.
Extreme quarterly earnings volatility on flat revenue: net profit swings from ₹0.7–₹8.92 Cr over eight quarters of ~₹40–45 Cr revenue — verify what drives margin compression cycles and customer concentration risk.
PE of 32.51x is high for a cyclical, small-cap business with minimal institutional presence (0.16% FII, 0.02% DII), creating liquidity and analyst coverage gaps.
Cyclical exposure to steel, foundry, and metallurgical activity; verify current sector demand and capacity utilization trends.

Generated analysis · source review pending

Growth drivers

Operating margins reached 28.96% in Sep 2024 from Mar 2024 lows of 14.11%, demonstrating potential to sustain higher profitability if Mar 2025 deterioration proves temporary operational issue.
Revenue stable at ₹40–45 Cr quarterly over two years; incremental growth requires verification of market share gains, pricing power, or sector volume expansion the data does not evidence.
Four dividends paid over ~2 years signals underlying cash generation; verify if profitability recovery post-Mar 2025 and dividend sustainability can be maintained in parallel.

Generated analysis · source review pending

1,502 historical price candles were omitted because the exchange source has not been verified.

₹1,954.8-1.6%1Y

Quick read

rule-based

Pros

+High return on capital employed of 29.5%
+Healthy operating margin of 26.7%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 251.7×
+Dividend payout of 25.4% of profit
+High promoter holding of 75% with no pledge

Cons

−Modest revenue growth of 10% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 80
Growth: 42

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Graphite India LimitedGRAPHITEGRAPHITE	₹15,361 Cr	₹15,728 Cr	₹3,029 Cr	₹90 Cr	7.1%	₹213 Cr	6%	4.6%	3%	326
Raghav Productivity Enhancers LimitedRPELRPEL	₹8,349 Cr	₹8,354 Cr	₹286 Cr	₹85 Cr	29.3%	₹63 Cr	21.3%	30.7%	25%	255
Vesuvius India LimitedVESUVIUSVESUVIUS	₹8,203 Cr	₹8,203 Cr	₹2,107 Cr	₹354 Cr	17.1%	₹239 Cr	12.6%	22.5%	17.1%	46
Rhi Magnesita India LimitedRHIMRHIM	₹7,947 Cr	₹8,269 Cr	₹4,074 Cr	₹477 Cr	11%	₹-354 Cr	-9.5%	6.6%	-10.1%	126
Heg LimitedHEGAMHEGAM	₹4,618 Cr	₹5,411 Cr	₹2,640 Cr	₹263 Cr	15.5%	₹359 Cr	13.3%	6.9%	7.4%	323
Ifgl Refractories LimitedIFGLEXPORIFGLEXPOR	₹1,367 Cr	₹1,562 Cr	₹1,953 Cr	₹137 Cr	7.2%	₹41 Cr	1.8%	5.4%	3%	148
Foseco Crucible (India) LtdFOSECOCFOSECOC	₹1,095 Cr	₹1,095 Cr	₹174 Cr	₹41 Cr	26.7%	₹28 Cr	10.9%	33.1%	13.8%	90
Orient Ceratech LimitedORIENTCERORIENTCER	₹528 Cr	₹567 Cr	₹406 Cr	₹50 Cr	10.6%	₹26 Cr	5.4%	10.6%	7.5%	226
De Nora India LimitedDENORADENORA	₹384 Cr	₹384 Cr	₹115 Cr	₹10 Cr	5.5%	₹12 Cr	7.5%	9.6%	7.3%	144
Panasonic Carbon India Company LtdPANCARBONPANCARBON	₹189 Cr	—	₹54 Cr	₹17 Cr	33.1%	₹21 Cr	38.8%	16.7%	11.8%	127
Nilachal Refractories LtdNILACHALNILACHAL	₹77 Cr	₹123 Cr	₹1 Cr	₹-21 Cr	-304.4%	₹-22 Cr	-307%	—	—	1,057

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	87	87	96	120	129	107	152	155	168	174	172
COGS	-32	-30	-33	-48	-52	45	61	69	65	63	58
Gross profit	—	—	—	—	—	62	91	86	102	111	114
	100	97	111	149	157	51	62	60	64	70	68
	19	20	18	19	23	11	30	25	38	41	46
OPM %	21.6%	22.9%	19.2%	16%	17.8%	9.8%	19.6%	16.3%	22.9%	23.3%	26.7%
Depreciation	7	4	—	4	5	6	7	8	8	9	12
Interest	—	—	—	—	0	0	0	0	0	0	0
	2	2	3	7	7	1	32	5	3	8	-8
Profit before tax	16	20	19	22	18	6	54	22	33	39	26
Tax	6	7	6	7	5	7	11	6	9	12	8
Tax %	36.5%	35.5%	34.1%	30.1%	28.8%	115.9%	20.4%	27.8%	28.4%	30%	29.2%
	10	13	12	15	13	-1	43	16	23	28	19
PAT margin %	11.3%	15.2%	12.9%	12.6%	10.2%	-0.9%	28.5%	10.4%	14%	15.8%	10.9%
EPS (₹)	35.3	47	44.3	54	46.9	-2.9	—	28.8	41.9	49.2	33.4
EPS adjusted (₹)	—	—	22.1	27	23.4	-1.7	77.5	28.8	42	49.2	33.4
	0%	17%	36.2%	29.7%	34.2%	—	—	69.5%	95.4%	99.6%	37.4%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	3	3	3	3	3	3	3	3	3
Reserves	88	96	105	100	120	124	126	129	137
	—	—	—	0	0	0	0	0	0
	23	28	32	37	32	34	46	38	29
Total equity & liabilities	114	127	139	139	155	161	174	170	169
	27	31	32	30	38	53	60	80	63
CWIP	0	4	19	22	15	1	0	4	3
Investments	—	—	—	0	0	0	1	1	0
	87	93	89	88	102	106	112	86	102
Total assets	114	127	139	139	155	161	174	170	169

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	57.7%	60%	55.3%	61%	63.8%	66.3%
EBITDA margin %	16%	17.8%	9.8%	19.6%	16.3%	22.9%	23.3%	26.7%
EBIT margin %	12.5%	13.7%	4.5%	14.7%	11.3%	17.9%	18.1%	19.9%
PAT margin %	12.6%	10.2%	-0.9%	28.5%	10.4%	14%	15.8%	10.9%
Working capital
Receivable days	52	66	76	75	64	58	65	54
Inventory days	75	74	143	136	124	116	100	135
Payable days	—	—	178	154	0	185	164	99
NWC days	—	—	41	57	188	-11	2	90
Leverage
Current ratio	3.14	2.59	2.3	3.11	21.49	2.28	2.07	3.26
Debt to EBITDA	—	—	0	0	0	0	0.01	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	2,420	—	—	—	258.1	172	251.7
Asset turnover	0.94	0.92	0.77	0.98	0.96	0.96	1.02	1.02
Return ratios
Return on assets %	11.9%	9.4%	-0.7%	28%	10%	13.5%	16.2%	11.1%
Return on capital employed %	22.7%	23.4%	8.5%	45.7%	16%	25.3%	30.2%	33.1%
Return on equity %	15.2%	12.2%	-0.9%	35.4%	12.7%	18.3%	20.9%	13.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	76.77%	75%
	0.06%	0%	0%	0.13%	0.18%	0.18%	0.18%	0.18%	0.18%	0.16%	0.16%	0.16%
	0.02%	0.02%	0.02%	0.55%	0.62%	0.93%	1.02%	1.13%	1.13%	1.19%	0.24%	0.02%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.92%	24.98%	24.98%	24.32%	24.2%	23.89%	23.8%	23.69%	23.69%	23.65%	22.83%	24.82%
No. of shareholders	—	—	—	—	—	—	—	—	7,455	6,866	6,613	3,225

Promoter holding up 0 percentage points since Sep 2023.

1 deal · 19 Jun 2026 – 19 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Jun 2026	FOSECO INDIA LIMITED	Bulk	BSE	Sell	32,003	₹1,200.00	₹3.84 Cr

1–1 of 1

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. ANIRUDDHA AJIT KARVENon-Executive - Non Independent Director-Chairperson
Mr. ULHAS NARAYAN GAOLINon-Executive - Independent Director
Mr. Prasad ChavareExecutive Director
Mr. Mohit MangalExecutive Director
Mr. Manuel Antonio DelfinoNon-Executive - Non Independent Director
Mr. Amitabha MukhopadhyayNon-Executive - Independent Director
Mr. Christopher Graham LewisNon - Executive Non -Independent Director
Mr. Sunil Kumar ChaturvediNon - Executive Independent Director
Ms. Juliette Catherine LowesNon - Executive Non -Independent Director
Ms. Pooja JindalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Foseco Crucible (India) Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

30 Sept 2026, 11:13 amInsider Trading / SAST

Closure of Trading Window

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	57.7%	60%	55.3%	61%	63.8%	66.3%
EBITDA margin %	16%	17.8%	9.8%	19.6%	16.3%	22.9%	23.3%	26.7%
EBIT margin %	12.5%	13.7%	4.5%	14.7%	11.3%	17.9%	18.1%	19.9%
PAT margin %	12.6%	10.2%	-0.9%	28.5%	10.4%	14%	15.8%	10.9%
Working capital
Receivable days	52	66	76	75	64	58	65	54
Inventory days	75	74	143	136	124	116	100	135
Payable days	—	—	178	154	0	185	164	99
NWC days	—	—	41	57	188	-11	2	90
Leverage
Current ratio	3.14	2.59	2.3	3.11	21.49	2.28	2.07	3.26
Debt to EBITDA	—	—	0	0	0	0	0.01	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	2,420	—	—	—	258.1	172	251.7
Asset turnover	0.94	0.92	0.77	0.98	0.96	0.96	1.02	1.02
Return ratios
Return on assets %	11.9%	9.4%	-0.7%	28%	10%	13.5%	16.2%	11.1%
Return on capital employed %	22.7%	23.4%	8.5%	45.7%	16%	25.3%	30.2%	33.1%
Return on equity %	15.2%	12.2%	-0.9%	35.4%	12.7%	18.3%	20.9%	13.4%

Date	Category	Subject	Filing
30 Sept 2026, 11:13 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Aug 2026, 10:20 am	Corp. Action Dividend Updates	Declaration Of Final Dividend By Members In The Annual General Meeting Held On August 26, 2026	PDF
27 Aug 2026, 3:25 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
26 Aug 2026, 4:55 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
3 Aug 2026, 5:37 pm	Result Financial Results	Disclosure Under Regulation 33(3)(A) Of The SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 For The First Quarter Ended June 30, 2026	PDF
3 Aug 2026, 5:24 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of The Board Meeting Held On August 3, 2026	PDF
31 Jul 2026, 1:06 pm	AGM/EGM AGM	The 41St AGM Of The Company Is Scheduled To Be Held On Wednesday, August 26, 2026 At 2:00 P.M. (IST) Through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"),	PDF
31 Jul 2026, 12:44 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	19	25	32	43	25	36
	-7	-2	-10	-17	-29	-9
	-4	-24	-12	-22	-24	-11
Net cash flow	7	-0	10	4	-28	15
Free cash flow	12	15	21	25	-5	36
CFO / Operating profit %	182.9%	85.1%	126%	112.1%	62.2%	77.5%

Foseco Crucible (India) Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

18

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Foseco Crucible (India) Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Dividends18

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

18

1

1