Magna Electro Castings Ltd (MAGNAELQ)

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Magna Electro Castings Ltd (MAGNAELQ) · mywealthgrid

About

Magna Electro Castings Ltd manufactures castings and forgings for industrial applications, serving automotive and capital-goods sectors. With a market cap of ₹604 Cr and quarterly revenues of ₹42–46 Cr (annualised run-rate ₹180 Cr), it is a mid-sized player in a fragmented segment. The company operates with strong profitability (16–17% operating margins) and minimal debt (D/E 0.1), positioning it as a capital-efficient manufacturer.

Face value: ₹10

Market cap

₹546 Cr

P/E

23.6×

P/B

3.8×

Dividend yield

0.4%

ROE

13.5%

ROCE

17.4%

Debt / equity

0.1

OPM

16.9%

EPS (TTM)

₹54.7

Book value

₹342.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin compression: OPM fell from 22.84% (Jun 2024) to 16.35% (Mar 2025)—a 6.5 percentage-point decline in nine months. Verify cause and whether this reflects temporary cost pressures or a structural shift.
Valuation risk: PE 26.14 against ROE 13.47% and OPM 16.87% implies elevated expectations. Verify what growth or margin recovery must occur to justify the premium.
Cyclical sector exposure: Castings & Forgings demand depends on automotive and capital-goods cycles. Verify customer concentration and end-market mix to assess downside if these sectors weaken.
Modest revenue scale: annual run-rate ~₹180 Cr limits absolute scale and resilience. Verify whether growth strategy exists and is executable.

Generated analysis · source review pending

Growth drivers

Revenue has grown ~25% over two years (₹35–36 Cr in 2023 to ₹43–46 Cr now); verify if this reflects company market share gains, customer wins, or sector cyclicality, and whether momentum continues
Operating margins peaked at 22.84% (Jun 2024); recovery to these levels without volume loss would drive significant profit expansion, conditional on resolving the recent compression to 16.35%
Low debt (D/E 0.1) provides capacity to reinvest in capacity or product range without raising capital; verify capex plans and management's growth strategy
Consistent cash generation evidenced by regular annual dividends since 2021; verify if dividend policy is sustainable and reflects confidence in earnings stability

Generated analysis · source review pending

2,171 historical price candles were omitted because the exchange source has not been verified.

₹1,300.4-6.3%1Y

Quick read

rule-based

Pros

+High return on capital employed of 20.7%
+Profit CAGR of 29.5% over the last 5 years
+Revenue CAGR of 15% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 26.4×

Cons

−Low dividend payout of 9.1% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 62
Growth: 50
Valuation

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

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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
	92	79	94	123	96	98	136	165	144	176	196
COGS	-31	-22	-32	-43	-33	-36	53	61	46	53	57
Gross profit	—	—	—	—	—	—	83	103	97	124	139
	113	91	114	148	118	124	69	78	74	89	106
Operating profit (EBITDA)	10	9	12	18	11	10	14	26	23	34	33
OPM %	11%	12%	12.5%	14.5%	11.3%	10.6%	10%	15.6%	16.3%	19.4%	16.9%
Depreciation	5	5	5	5	4	4	5	6	4	5	9
Interest	2	1	0	0	0	0	0	0	0	0	1
	1	1	1	3	2	1	2	3	2	2	2
Profit before tax	9	9	8	15	9	7	10	23	20	31	25
Tax	2	2	1	4	—	2	3	6	5	8	7
Tax %	23.1%	19.9%	12.8%	24.1%	—	27.7%	25.3%	26%	26.2%	25.3%	25.8%
	7	7	7	11	7	5	8	17	15	23	18
PAT margin %	7.6%	9.5%	7.3%	9.3%	7%	5.2%	5.7%	10.4%	10.5%	13.1%	9.4%
EPS (₹)	15.3	16.3	15	24.9	14.6	11.2	18.3	40.5	35.7	54.6	43.7
EPS adjusted (₹)	—	—	15	24.9	14.6	12	18.3	40.5	35.7	54.7	43.7
	13.1%	12.3%	13.4%	20.1%	17.1%	13.4%	13.7%	7.4%	14%	11%	11.5%
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	5	5	5	4	4	4	4	4	4
Reserves	56	66	69	67	74	90	104	125	141
	3	—	—	5	5	—	11	11	14
	18	19	15	15	24	25	9	42	35
Total equity & liabilities	82	90	89	91	107	119	128	183	194
	35	32	31	30	31	39	41	45	96
CWIP	0	0	2	2	1	1	1	41	5
Investments	—	—	—	—	1	1	1	1	1
	47	59	55	59	74	78	85	95	92
Total assets	82	90	89	91	107	119	128	183	194

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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 %	—	—	—	61%	62.7%	67.7%	70%	71%
EBITDA margin %	14.5%	11.3%	10.6%	10%	15.6%	16.3%	19.4%	16.9%
EBIT margin %	10%	6.7%	6.3%	6.6%	12.2%	13.2%	16.8%	12.4%
PAT margin %	9.3%	7%	5.2%	5.7%	10.4%	10.5%	13.1%	9.4%
Working capital
Receivable days	92	91	109	105	85	92	112	82
Inventory days	32	42	31	79	56	85	86	120
Payable days	51	—	—	—	—	—	—	—
NWC days	73	—	—	—	—	—	—	—
Leverage
Current ratio	3.38	4.41	3.33	2.73	3.24	4.08	2.13	2.52
Debt to EBITDA	—	—	0.48	0.36	—	0.47	0.32	0.43
Debt to equity	—	—	0.07	0.06	—	0.1	0.09	0.1
Interest coverage	52.8	71.9	54.2	33.3	69	103.1	116	26.4
Asset turnover	1.36	1.08	1.07	1.27	1.38	1.12	0.97	1.01
Return ratios
Return on assets %	12.6%	7.5%	5.6%	7.2%	14.4%	11.8%	12.7%	9.5%
Return on capital employed %	22.2%	11.5%	10.1%	13.8%	26.5%	19.9%	24.9%	17.4%
Return on equity %	16.1%	9.1%	7.1%	9.9%	18.1%	13.9%	17.9%	12.7%

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
	53.38%	53.38%	53.38%	53.38%	53.38%	53.38%	53.42%	53.66%	53.66%	53.66%	53.66%	53.66%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0%	0.02%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	46.57%	46.57%	46.57%	46.57%	46.57%	46.57%	46.53%	46.29%	46.29%	46.29%	46.34%	46.32%
No. of shareholders	—	—	—	—	—	—	—	—	5,646	5,488	5,330	5,046

Promoter holding up 0.28 percentage points since Sep 2023.

3 deals · 12 Jan 2026 – 12 Jan 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 Jan 2026	SHAH SHREY SANJIV	Bulk	BSE	Sell	23,000	₹823.00	₹1.89 Cr
12 Jan 2026	FIBRE2FASHION PRIVATE LIMITED	Bulk	BSE	Buy	23,000	₹823.00	₹1.89 Cr
12 Jan 2026	SHAH SHREY SANJIV	Bulk	BSE	Buy	285	₹829.47	₹0.02 Cr

1–3 of 3

1 / 1

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.

Ravi RChief Financial Officer
Mr. J VIJAYAKUMARNon-Executive - Non Independent Director
Mr. N KRISHNASAMARAJExecutive Director-MD
Mr. G D RAJKUMARNon-Executive - Independent Director
Mr. M MALMARUGANExecutive Director
Mrs. VIJAYALAKSHMI NARENDRANon-Executive - Independent Director
Mr. AJEYA VEL NARAYANASWAMYExecutive Director
Mr. VIDYAPRAKASH ARJUNPRAKASHNon-Executive - Independent Director
Mr. SUDARSAN VARADARAJNon-Executive - Independent Director
Mr. RANGASWAMY NARAYANANNon-Executive - Independent Director
Ms. Divya DuraisamyCompany 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 Magna Electro Castings 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

Annual reports

Credit ratings

Intimation regarding Credit Rating.26 Dec 2025

Documents link to external sources (exchange filings, company investor pages).

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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

12 announcementsExport CSV

28 Sept 2026, 1:10 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

10 Sept 2026, 12:03 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

9 Sept 2026, 7:02 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

14 Aug 2026, 4:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

1 Aug 2026, 5:34 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

1 Aug 2026, 5:32 pmCompany Update

Letter To Shareholders Regarding 36Th AGM And Annual Report For The FY 2025-26.

General PDF

1 Aug 2026, 12:15 pmBoard Meeting

Board Meeting Intimation for Considering Unaudited Financial Results For The Quarter Ended 30Th June, 2026 And Other Business Matters

Exchange filing PDF

31 Jul 2026, 3:49 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
28 Sept 2026, 1:10 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
10 Sept 2026, 12:03 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	61%	62.7%	67.7%	70%	71%
EBITDA margin %	14.5%	11.3%	10.6%	10%	15.6%	16.3%	19.4%	16.9%
EBIT margin %	10%	6.7%	6.3%	6.6%	12.2%	13.2%	16.8%	12.4%
PAT margin %	9.3%	7%	5.2%	5.7%	10.4%	10.5%	13.1%	9.4%
Working capital
Receivable days	92	91	109	105	85	92	112	82
Inventory days	32	42	31	79	56	85	86	120
Payable days	51	—	—	—	—	—	—	—
NWC days	73	—	—	—	—	—	—	—
Leverage
Current ratio	3.38	4.41	3.33	2.73	3.24	4.08	2.13	2.52
Debt to EBITDA	—	—	0.48	0.36	—	0.47	0.32	0.43
Debt to equity	—	—	0.07	0.06	—	0.1	0.09	0.1
Interest coverage	52.8	71.9	54.2	33.3	69	103.1	116	26.4
Asset turnover	1.36	1.08	1.07	1.27	1.38	1.12	0.97	1.01
Return ratios
Return on assets %	12.6%	7.5%	5.6%	7.2%	14.4%	11.8%	12.7%	9.5%
Return on capital employed %	22.2%	11.5%	10.1%	13.8%	26.5%	19.9%	24.9%	17.4%
Return on equity %	16.1%	9.1%	7.1%	9.9%	18.1%	13.9%	17.9%	12.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Aia Engineering LimitedAIAENGAIAENG	₹35,682 Cr	₹35,682 Cr	₹4,549 Cr	₹1,258 Cr	28.4%	₹1,266 Cr	28.7%	21.3%	17%	320
Ptc Industries LimitedPTCILPTCIL	₹33,038 Cr	₹33,299 Cr	₹697 Cr	₹172 Cr	21.9%	₹126 Cr	16.9%	8.6%	7%	970
Happy Forgings LimitedHAPPYFORGEHAPPYFORGE	₹18,915 Cr	₹19,245 Cr	₹1,642 Cr	₹510 Cr	30.4%	₹327 Cr	19.5%	20.3%	15.2%	193
Balu Forge Industries LimitedBALUFORGEBALUFORGE	₹5,623 Cr	₹5,750 Cr	₹1,175 Cr	₹312 Cr	27.1%	₹268 Cr	23.4%	23.9%	19.6%	182
Steelcast LimitedSTEELCASSTEELCAS	₹3,607 Cr	₹3,607 Cr	₹441 Cr	₹119 Cr	27%	₹91 Cr	20.5%	31.3%	24.1%	158
Amic Forging LtdAMICAMIC	₹2,673 Cr	—	₹142 Cr	₹43 Cr	30.2%	₹28 Cr	20%	—	—	—
Investment & Precision Castings LimitedINVPRECQINVPRECQ	₹1,595 Cr	—	₹188 Cr	₹31 Cr	16.4%	₹12 Cr	6.3%	—	—	—
Nelcast LimitedNELCASTNELCAST	₹1,053 Cr	₹1,310 Cr	₹1,338 Cr	₹98 Cr	8.3%	₹41 Cr	3.7%	14.3%	8.4%	51
Synergy Green Industries LimitedSGILSGIL	₹951 Cr	₹1,202 Cr	₹366 Cr	₹39 Cr	10.7%	₹5 Cr	1.3%	10.8%	4.2%	44
Neetu Yoshi LtdNEETUYOSHINEETUYOSHI	₹927 Cr	₹931 Cr	₹98 Cr	₹31 Cr	31.1%	₹13 Cr	25.4%	33.4%	27.5%	152
Magna Electro Castings LtdMAGNAELQMAGNAELQ	₹546 Cr	₹560 Cr	₹176 Cr	₹34 Cr	16.9%	₹23 Cr	9.4%	17.4%	13.5%	—
Kalyani Forge LimitedKALYANIFRGKALYANIFRG	₹340 Cr	₹446 Cr	₹237 Cr	₹33 Cr	11.9%	₹12 Cr	4%	17.7%	10.1%	185

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	7	9	9	-1	20	8	40	21
	-2	-1	-4	-4	-3	-12	-6	-50	-19
Cash from financing	-2	-5	-4	-8	4	-6	-2	9	-0
Net cash flow	-1	1	1	—	-0	1	0	-1	2
Free cash flow	—	—	—	5	-2	15	6	32	-36
CFO / Operating profit %	25.8%	39.7%	85.8%	89.4%	-8.9%	76.2%	32.1%	115.8%	64.2%

Magna Electro Castings 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

Annual reports

Credit ratings

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

21

1

Compounded sales growth

Compounded profit growth

Return on equity

Magna Electro Castings 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

Annual reports

Credit ratings

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

Credit ratings

Dividends21

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

21

1