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10 Yrs X-Ray 
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Analyst Note 
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Steelcast Ltd (STEELCAS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513517 NSE: STEELCAS Castings/Forgings | Small Cap | Steelcast Share Price
₹357.05 -1.45 (-0.40%)
As on 24-Sep'26 16:59
Steelcast Ltd (STEELCAS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513517 NSE: STEELCAS Castings/Forgings | Small Cap | Steelcast Share Price
₹357.05 -1.45 (-0.40%)
As on 24-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹3,628 Cr.
Current Price
₹357.1
52-Week Low / High
₹172 / 375
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
42.5
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
13.33%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
45.00%
Pledged shares (%) of Promoter's holding (%)
3.29%
Reserves
-
Equity
₹10.1 Cr.
Face Value
₹1
All Time Low / High
₹0.06 / 374.75
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Steelcast Ltd a good quality company?
Steelcast Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Steelcast Ltd performance compare with that of its Peers?
Revenue growth of Steelcast Ltd vs industry peers?
Steelcast Ltd revenue CAGR is %, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Steelcast Ltd?
Promoters hold 45.00% of the Steelcast Ltd, with 3.29% of their stake pledged, indicating low pledge risk.
Stock return of Steelcast Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 38.5% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Steelcast Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.9% | 17.4% | 24.6% | 12.9% | 12.4% | 25.1% | 42.8% | 40.2% | 33% | 32.4% | - |
| Value Creation Index ⓘ | -0.4 | 0.2 | 0.8 | -0.1 | -0.1 | 0.8 | 2.1 | 1.9 | 1.4 | 1.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 134 | 231 | 318 | 201 | 158 | 302 | 477 | 410 | 373 | 423 | 441 |
| Sales YoY Gr. | - | 72.3% | 37.5% | -36.9% | -21.4% | 91.5% | 57.9% | -14.1% | -8.9% | 13.3% | - |
| Adj EPS ⓘ | 1.2 | 10.2 | 12.1 | 3.9 | 5.8 | 16.4 | 34.6 | 36.8 | 6.9 | 8 | 9 |
| YoY Gr. | - | 732.5% | 17.7% | -67.7% | 48.3% | 183.7% | 111.2% | 6.3% | -81.2% | 15.2% | - |
| BVPS (₹) ⓘ | 36.6 | 46.1 | 56.8 | 58.3 | 63.6 | 77.4 | 106.3 | 133.2 | 32.2 | 39 | 41.4 |
| Adj Net Profit ⓘ | 2.5 | 20.7 | 24.4 | 7.9 | 11.7 | 33.1 | 70 | 74.4 | 70 | 80.7 | 91 |
| Cash Flow from Ops. ⓘ | 19.5 | 13.2 | 54.1 | 34.4 | 29.3 | -0.1 | 107 | 81.9 | 75.4 | 86.4 | - |
| Debt/CF from Ops. ⓘ | 4.6 | 7 | 1.2 | 1.3 | 0.8 | -951.5 | 0.2 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 13.6% | 21.8% | -3.9% | 13.3% | ||||
| Adj EPS ⓘ | 23.1% | 6.7% | -38.7% | 15.2% | ||||
| BVPSⓘ | 0.7% | -9.3% | -28.4% | 21.2% | ||||
| Share Price | 38.6% | 47.9% | 36.2% | 63.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.4 | 24.8 | 23.4 | 6.8 | 9.5 | 23.2 | 37.7 | 30.7 | 23.5 | 22.4 | 22.3 |
| Op. Profit Mgn % ⓘ | 19.1 | 18.9 | 18.6 | 18.8 | 20 | 21.2 | 24 | 28.7 | 27.7 | 27 | 26.9 |
| Net Profit Mgn % ⓘ | 1.9 | 9 | 7.7 | 3.9 | 7.4 | 11 | 14.7 | 18.2 | 18.8 | 19.1 | 20.6 |
| Debt to Equity ⓘ | 1.2 | 1 | 0.6 | 0.4 | 0.2 | 0.4 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 206 | 156 | 124 | 170 | 206 | 152 | 118 | 134 | 173 | 176 | 100 |
| Cash Conv. Cycle ⓘ | 113 | 79 | 68 | 93 | 114 | 93 | 63 | 72 | 93 | 92 | 82 |
Valuation of Steelcast - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.85 | 3.29 | 3.29 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
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Steelcast Ltd FAQs
The current trading price of Steelcast on 24-Sep-2026 16:59 is ₹357.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Sep-2026 the market cap of Steelcast stood at ₹3,628 Cr
The latest P/E ratio of Steelcast as of 23-Sep-2026 is 40.01.
The latest P/B ratio of Steelcast as of 23-Sep-2026 is 8.66.
The 52-week high of Steelcast is ₹374.8 and the 52-week low is ₹172.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steelcast is ₹441 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Steelcast Ltd is a below average quality company.
The key valuation ratios of Steelcast Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Steelcast Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Steelcast Ltd
Steelcast Ltd was established as a partnership firm in the year 1960 and was converted into a private company in 1972 and in the year 1988, it was converted into a deemed public company. The company caters to earthmoving equipment manufacturers, heavy electrical equipment manufacturers, mining, mineral processing equipment manufacturers, OFE valve manufacturers, general engineering equipment manufacturers and end users like cement plants, mining & mineral processing units, thermal power plants and steel plants.
The special strength of the company is in being able to successfully meet the challenges of an environment demanding continuously higher quality products. It has been recognized as leader in its principal product line of high integrity castings. It has norms and systems for quality assurance covering all stages, including a methodology for complete documentation, auditing and continuous self-correction.
Product range of the company includes:
- Carbon Steel
- Low Alloy Steel
- High Alloy Steel
- Hadfield Manganese Steel
- Other Superior Grades of Wear and Abrasion Resistant Steel Castings
Milestones:
- 1960: Established as a Partnership Firm
- 1972: Converted into a Private Limited Company
- 1988: Converted into a Deemed Public Limited Company
- 1994: Public issue with equity participation from M/s. Kurimoto Ltd., Japan
- 1995: Certified under ISO 9002 by RWTUV, Germany.
- 1999: Certified under ISO 9001 by RWTUV, Germany.
- 2006: Certified under ISO 14001 by TUV NORD, Germany.
- 2006: Certified under OHSAS 18001 by TUV NORD, Germany.
Achievements/ recognition:
- Certified under ISO 9002 by RWTUV, Germany in 1995.
- Certified under ISO 9001 by RWTUV, Germany 1999.
- Certified under ISO 14001 by TUV NORD, Germany 2006.
- Certified under OHSAS 18001 by TUV NORD, Germany 2006.
Awards
- Certificate of appreciation from the Earth Moving Equipment Division of Hindustan Motors Limited, India (presently known as Caterpillar India Pvt. Ltd.) for:
- Best Performance in Quality & Delivery in the supply of Steel Castings for 4 consecutive years.
- Outstanding performance in consistently supplying Steel Castings complying to TEREX Worldwide quality standards.
- Recipient of Shri Laxmanrao Kirloskar Best Foundry Award from the Institute of Indian Foundrymen.
- Recipient of Certificate of Export Excellence in 2005 & 2006 and SILVER SHIELD in the category of Star Performers in 2007 & 2008 in the product group of Industrial Castings in Large Enterprises by Engineering Export Promotion Council (EEPC).
- Certificate of recognition by Bhavnagar Municipal Corporation for valuable contribution towards Greening & Beautifying the City of Bhavnagar.
- Letter of appreciation from the Gujarat State Electricity Board, India, for Adopting Energy Conservation Measures in plant.
- Recipient of Chamber-Excel Excellence Award for the year 2005-06 from Saturashtra Chamber of Commerce & Industry for Excellence in Energy Conservation in last 3 years.
- “Best Vendor (Category-Castings)†award from M/s. Bharat Earth Movers Ltd., Bangalore, in recognition of outstanding performance in supply of materials during 2006-07.
- Recipient of Award for achieving Highest Rating in the ranking of India’s Top 500 manufacturing Small & Mid Sized companies for 2007 from Industry 2.0.
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