Steelcast Limited (STEELCAS)

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Steelcast Limited (STEELCAS) · mywealthgrid

About

Steelcast makes castings & forgings for industrials. ₹3,560 Cr market cap; revenue accelerated ₹76 Cr (Sep 2024) to ₹125 Cr (Jun 2026). Zero debt and 24.1% ROE position it as financially strong.

Face value: ₹1

Market cap

₹3,607 Cr

P/E

39.8×

P/B

9.1×

Dividend yield

ROE

24.1%

ROCE

31.3%

Debt / equity

OPM

27%

EPS (TTM)

₹9.0

Book value

₹39.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE 39.26 prices significant growth ahead; verify order pipeline and cyclical durability of recent acceleration.

Revenue base modest (₹125 Cr quarterly); verify customer concentration and long-term demand sustainability.

OPM 26.99%; if compressed to 20% in downturn (typical for industrials), profit falls ~25%; monitor quarterly trends.

Generated analysis · source review pending

Growth drivers

Revenue doubled ₹76 Cr (Sep 2024) to ₹125 Cr (Jun 2026); verify if pace continues or reverts to sector average.

OPM stable 25–31% range; verify if pricing power or cost discipline sustains this vs. margin pressure.

Zero debt (D/E 0) enables capex, M&A for growth; confirm investment plans and capital deployment.

Generated analysis · source review pending

1,198 historical price candles were omitted because the exchange source has not been verified.

₹356.5-4.1%1Y

Quick read

rule-based

Pros

+Strong return on equity of 26.4% (3-yr avg)
+High return on capital employed of 34.5%
+Healthy operating margin of 27%
+Profit CAGR of 48.5% over the last 5 years
+Revenue CAGR of 21.8% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 449×
+Dividend payout of 40.2% of profit

Cons

−Trading at 9.1× book value

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 87
Growth

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.

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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 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	131	233	318	201	158	302	477	410	376	423
COGS	-22	-42	-88	-47	34	68	133	102	72	87
Gross profit	—	—	—	—	124	234	344	308	305	336
	132	233	347	210	92	170	230	191	199	222
	21	43	59	37	32	64	114	117	106	114
OPM %	15.8%	18.4%	18.5%	18.6%	20%	21.1%	23.9%	28.6%	28.2%	27%
Depreciation	12	15	16	16	14	18	18	18	13	13
Interest	9	11	9	5	4	2	2	1	1	0
	0	2	1	0	1	0	1	3	4	15
Profit before tax	2	19	35	17	16	45	95	101	97	116
Tax	1	0	10	9	4	11	24	26	25	30
Tax %	39.4%	2.2%	28.8%	53.3%	23.2%	25.6%	25.4%	25.7%	25.8%	25.4%
	2	19	25	8	12	33	71	75	72	87
PAT margin %	1.8%	8%	7.9%	4%	7.6%	11%	14.8%	18.3%	19.2%	20.5%
EPS (₹)	1.2	9.2	12.3	4	5.9	16.4	34.8	37.1	35.7	8.6
EPS adjusted (₹)	—	—	—	—	1.2	3.3	7	7.4	7.1	8.6
	51.7%	14.7%	16.2%	15.2%	22.7%	19.2%	28.4%	19.4%	20.2%	36.7%
Annual report	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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	10	10	10
Reserves	119	146	205	260	316	385
	23	63	24	0	0	0
	40	57	66	54	63	65
Total equity & liabilities	192	276	305	324	389	460
	98	109	142	138	142	158
CWIP	1	5	0	0	2	1
Investments	0	0	10	21	37	79
	93	162	153	164	209	222
Total assets	192	276	305	324	389	460

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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 %	—	—	78.5%	77.5%	72.1%	75.2%	81%	79.4%
EBITDA margin %	18.5%	18.6%	20%	21.1%	23.9%	28.6%	28.2%	27%
EBIT margin %	13.6%	10.6%	11.2%	15.2%	20.1%	24.2%	24.9%	23.9%
PAT margin %	7.9%	4%	7.6%	11%	14.8%	18.3%	19.2%	20.5%
Working capital
Receivable days	—	—	119	91	59	83	95	93
Inventory days	—	—	276	330	139	116	219	171
Payable days	—	—	151	192	113	88	162	106
NWC days	—	—	244	230	86	111	152	158
Leverage
Current ratio	—	—	1.92	1.35	1.81	3.73	4.01	5.07
Debt to EBITDA	—	—	0.73	0.99	0.21	0	0	0
Debt to equity	—	—	0.18	0.4	0.11	0	0	0
Interest coverage	4.7	4.6	5.4	29.7	40.2	99	150.7	449
Asset turnover	—	—	0.82	1.09	1.56	1.27	0.97	0.92
Return ratios
Return on assets %	—	—	6.3%	12.1%	23.1%	23.2%	18.5%	18.9%
Return on capital employed %	—	—	12.9%	29.5%	50%	40.6%	31.8%	31.3%
Return on equity %	—	—	9.3%	21.3%	32.8%	27.8%	22.2%	22%

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
	45%	45%	45%	45%	45%	45%	45%	45%	45%	45%	45%	45%
	0.38%	0.08%	0.01%	0.07%	0.11%	0.17%	0.23%	0.38%	0.19%	0.22%	0.25%	0.29%
	0.07%	0.07%	0.33%	0.29%	0%	0%	0.3%	0.87%	1.1%	2.22%	2.53%	2.55%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	54.55%	54.85%	54.66%	54.64%	54.89%	54.83%	54.47%	53.75%	53.71%	52.56%	52.22%	52.16%
No. of shareholders	—	—	—	—	—	—	—	—	15,754	15,950	14,580	16,225

Promoter holding up 0 percentage points since Sep 2023.

2 deals · 8 Jun 2023 – 11 Dec 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 Dec 2023	INFINITY ASSET ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	1,52,462	₹639.42	₹9.75 Cr
8 Jun 2023	RUSHIL INDUSTRIES LTD	Bulk	NSE	Sell	1,96,146	₹495.00	₹9.71 Cr

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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. Chetan M TamboliExecutive Director-Chairperson-CEO-MD
Mr. Dipam A PatelNon-Executive - Independent Director
Mr. Rushil C TamboliExecutive Director
Mrs. Vidhi S MerchantNon-Executive - Non Independent Director
Mr. Hemantbhai D DholakiaNon-Executive - Independent Director
Mrs. Aarushi M GanatraNon-Executive - Independent Director
Mr. Harsh R GandhiNon-Executive - Independent Director
Mr. Rajiv D GandhiNon-Executive - Independent Director
Mr. Ashutosh H ShuklaExecutive Director
Mr. Subhash R SharmaExecutive Director
Mr. Subhash SharmaChief Financial Officer

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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.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

1.33%

of the company's equity

All mutual funds

1.33%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes

		Shares
SMALL CAP FUND	Bank of India Mutual Fund	8.48 L	29.68	0.9%	0.838%	-0
Manufacturing and Infrastructure Fund	Bank of India Mutual Fund	3.06 L	10.7	1.13%	0.302%	-0
Multi Cap FUND	Bank of India Mutual Fund	1.91 L	6.68	0.5%	0.189%	-0

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Documents

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

Announcements

Annual reports

Credit ratings

Intimation of reaffirmation of Ratings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 20151 Aug 2025

Investor Presentation and earnings call

Jul 2026TranscriptAI SummaryPPT REC
Jun 2026Transcript AI Summary PPT

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

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Events

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

32

Interim dividend7 Aug 2026 · ex-date₹0.45
Final dividend24 Jul 2026 · ex-date₹0.54
Interim dividend6 Feb 2026 · ex-date₹0.45
Interim dividend11 Nov 2025 · ex-date₹0.36
Interim dividend8 Aug 2025 · ex-date₹1.8
Final dividend25 Jul 2025 · ex-date₹2.7
Interim dividend7 Feb 2025 · ex-date₹1.8
Interim dividend22 Nov 2024 · ex-date₹1.35
Interim dividend16 Aug 2024 · ex-date₹1.35
Final dividend31 Jul 2024 · ex-date₹3.15
Interim dividend13 Feb 2024 · ex-date₹1.35
Interim dividend15 Nov 2023 · ex-date₹1.35
Interim dividend14 Aug 2023 · ex-date₹1.35
Final dividend26 Jul 2023 · ex-date₹2.7
Special dividend2 Jun 2023 · ex-date₹3.15
Interim dividend3 Feb 2023 · ex-date₹1.8
Interim dividend1 Nov 2022 · ex-date₹1.35
Interim dividend18 Aug 2022 · ex-date₹0.9
Final dividend26 Jul 2022 · ex-date₹1.8
Interim dividend12 Nov 2021 · ex-date₹1.35
Dividend dividend2 Aug 2021 · ex-date₹1.35
Final dividend6 Aug 2020 · ex-date₹0.6
Final dividend1 Aug 2019 · ex-date₹2
Dividend dividend1 Aug 2018 · ex-date₹1.35
Dividend dividend23 Jun 2017 · ex-date₹0.6
Dividend dividend9 Jul 2013 · ex-date₹1.8
Final dividend18 Jun 2012 · ex-date₹4
Interim dividend29 Mar 2012 · ex-date₹2
Dividend dividend8 Jul 2011 · ex-date₹2
Dividend dividend5 Jul 2010 · ex-date₹1.5
Dividend dividend30 Jul 2009 · ex-date₹1.8
Dividend dividend29 Aug 2008 · ex-date₹3.6

1

Board meeting to consider results29 Jul 2026

2

Face value ₹5 → ₹129 Aug 2025 · ex-date
Face value ₹10 → ₹525 Jul 2012 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

21 Sept 2026, 9:34 pmCompany Update