Welcast Steels Ltd - Stock Valuation and Financial Performance

BSE: 504988 | NSE: | Castings/Forgings | Small Cap

Welcast Steels Share Price

1,463.65 98.80 7.24%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Welcast Steels

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Welcast Steels stock performance -

mw4me loader
P/E Ratio (SA):
22.93
Market Cap:
93.4 Cr.
52-wk low:
781
52-wk high:
1,861.9

Is Welcast Steels Ltd an attractive stock to invest in?

1. Is Welcast Steels Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Welcast Steels Ltd is a below average quality company.

2. Is Welcast Steels Ltd undervalued or overvalued?

The key valuation ratios of Welcast Steels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Welcast Steels Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Welcast Steels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Welcast Steels:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Welcast Steels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 2.5%-0.4%7.9%7.8%8.8%1%-2.8%-0.9%11.6%19.3%-
Value Creation
Index
-0.8-1.0-0.4-0.5-0.4-0.9-1.2-1.1-0.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 203120201234270150988693.991.196
Sales YoY Gr.--41.2%68.3%16.2%15.3%-44.4%-34.7%-12.2%9.3%-3%-
Adj EPS -2.5-7.126.32527.9-9.3-28.5-7.74176.363.8
YoY Gr.-NANA-5.1%11.6%-133.3%NANANA85.9%-
BVPS (₹) 480.4473.1499.7521.7548.6539.3513.3509.6553.3631.7622.6
Adj Net
Profit
-0.2-0.51.71.61.8-0.6-1.8-0.52.64.94
Cash Flow from Ops. -4.810.10.6-2.35.7-0.22.22.817.33.9-
Debt/CF from Ops. -1.900-2.20.2-20.11.6100-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -8.5%-19.5%-2.4%-3%
Adj EPS NA22.3%NA85.9%
BVPS3.1%2.9%7.2%14.2%
Share Price 11.8% 25% 65.8% 78%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-0.5-1.55.44.95.2-1.7-5.4-1.57.712.910.2
Op. Profit
Mgn %
0.80.31.31.31.30.6-0.10.14.95.22.5
Net Profit
Mgn %
-0.1-0.40.80.70.7-0.4-1.9-0.62.85.34.3
Debt to
Equity
0.3000.200.10.10.100-
Working Cap
Days
721036169641071371371079473
Cash Conv.
Cycle
2251212430588494644557

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.20%

Sales growth is good in last 4 quarters at 55.60%

Sales growth has been subdued in last 3 years -2.40%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Welcast Steels Ltd.

Standalone Consolidated
TTM EPS (₹) 63.8 -
TTM Sales (₹ Cr.) 95.9 -
BVPS (₹.) 622.6 -
Reserves (₹ Cr.) 39 -
P/BV 2.35 -
PE 22.93 -
From the Market
52 Week Low / High (₹) 781.00 / 1861.85
All Time Low / High (₹) 8.29 / 1861.85
Market Cap (₹ Cr.) 93.4
Equity (₹ Cr.) 0.6
Face Value (₹) 10
Industry PE 35.6

Management X-Ray of Welcast Steels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Welcast Steels

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales203.36119.63201.33233.85269.62150.0297.9585.9793.9291.07
Operating Expenses 201.64119.31198.66230.75266.01149.1198.0185.9289.6686.64
Manufacturing Costs56.1334.2857.1064.4975.5345.9727.5918.3021.8921.21
Material Costs135.1674.21130154.51178.3289.7057.6557.3656.2153.46
Employee Cost 9.119.079.479.779.749.898.766.956.937.52
Other Costs 1.251.762.101.992.423.5543.304.634.45
Operating Profit 1.720.322.663.093.600.91-0.060.054.254.43
Operating Profit Margin (%) 0.8%0.3%1.3%1.3%1.3%0.6%-0.1%0.1%4.5%4.9%
Other Income 0.770.470.610.520.500.810.460.720.763.62
Interest 0.620.300.130.460.490.430.380.231.710.30
Depreciation 1.770.950.820.900.841.341.431.080.900.75
Exceptional Items 0.190.0100000000
Profit Before Tax 0.28-0.452.322.262.78-0.05-1.40-0.542.407.01
Tax 0.31-0.010.640.670.940.210.42-0.05-0.241.76
Profit After Tax -0.03-0.441.681.591.84-0.26-1.82-0.492.645.25
PAT Margin (%) 0.0%-0.4%0.8%0.7%0.7%-0.2%-1.9%-0.6%2.8%5.8%
Adjusted EPS (₹)-0.4-6.926.425.028.8-4.1-28.5-7.741.482.2
Dividend Payout Ratio (%)-511%0%8%8%9%0%0%0%6%3%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 30.7530.1931.8933.2935.0134.4232.7632.5235.3140.31
Share Capital 0.640.640.640.640.640.640.640.640.640.64
Reserves 30.1129.5631.2532.6534.3833.7832.1231.8834.6739.67
Minority Interest0000000000
Debt9.050051.2043.472.8400
Long Term Debt00000001.2700
Short Term Debt9.050051.2043.471.5700
Trade Payables6.393.4512.3013.0610.796.192.055.347.197.53
Others Liabilities 2.102.202.733.347.145.083.021.943.242.77
Total Liabilities 48.3035.8446.9254.6954.1449.6941.2942.6545.7450.62

Fixed Assets

Gross Block43.1543.3444.2244.8247.8846.0846.0947.9745.4943.03
Accumulated Depreciation37.9138.8339.6340.5341.2238.1739.5540.6340.9038.85
Net Fixed Assets5.244.514.594.296.667.906.547.344.594.18
CWIP 000.161.610.060000.090
Investments 0000000017.0518.65
Inventories20.3712.6717.2220.4221.9620.4110.0516.7813.1412.18
Trade Receivables7.946.186.8013.1212.599.3713.9910.995.377.16
Cash Equivalents 0.200.670.180.610.590.622.353.031.113.82
Others Assets14.5411.8117.9814.6412.2911.408.364.504.384.64
Total Assets 48.3035.8446.9254.6954.1449.6941.2942.6545.7450.62

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -4.7910.080.59-2.305.65-0.202.202.7817.253.91
PBT 0.09-0.322.412.262.78-0.05-1.40-0.542.407.01
Adjustment 2.501.220.841.370.910.991.290.672.21-2.39
Changes in Working Capital -6.298.51-2.07-5.292.54-12.192.3712.820.13
Tax Paid -1.090.68-0.60-0.64-0.58-0.140.120.29-0.18-0.83
Cash Flow From Investing Activity -1.03-0.13-1.04-2.05-1.19-1.860.29-1.31-14.65-1.11
Capex -1.03-0.13-1.06-2.05-1.63-2.10-0.07-1.881.56-0.32
Net Investments 00000.04-0.03-0.04-0.03-16.70-1.63
Others 000.0200.390.270.400.600.500.84
Cash Flow From Financing Activity 5.69-9.49-0.034.41-4.312.26-0.81-0.81-4.47-0.26
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 6.60-9.05050001.27-1.270
Interest Paid -0.54-0.28-0.03-0.36-0.36-0.34-0.28-0.18-1.63-0.11
Dividend Paid -0.32-0.130-0.15-0.15-0.19000-0.16
Others -0.05-0.030-0.07-3.802.80-0.53-1.90-1.570
Net Cash Flow -0.120.47-0.480.070.150.201.680.67-1.862.54
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-0.08-1.455.424.895.38-0.76-5.42-1.517.7813.88
ROCE (%)2.45-0.437.917.758.771.03-2.75-0.8611.6319.34
Asset Turnover Ratio4.433.095.294.724.952.892.152.052.131.89
PAT to CFO Conversion(x)N/AN/A0.35-1.453.07N/AN/AN/A6.530.74
Working Capital Days
Receivable Days9201115172744533225
Inventory Days31462529295257575851
Payable Days27242230243526244150

Welcast Steels Ltd Stock News

Welcast Steels Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Welcast Steels on 11-Oct-2024 16:01 is ₹1,463.7.
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 11-Oct-2024 16:01 the market cap of Welcast Steels stood at ₹93.40.
The latest P/E ratio of Welcast Steels as of 11-Oct-2024 16:01 is 22.93.
The latest P/B ratio of Welcast Steels as of 11-Oct-2024 16:01 is 2.35.
The 52-week high of Welcast Steels is ₹1,861.9 and the 52-week low is ₹781.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Welcast Steels is ₹95.90 ( Cr.) .

About Welcast Steels Ltd

Welcast Steels is a public limited company incorporated in 1974 manufacturing Hykrom Grinding Media balls for the cement and mining industry.

The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine.

The company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of industry.

Having been grinding media specialists for nearly 25 years, Welcast has acquired vast experience in the grinding process in the cement, mining industry and thermal power plants. The company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the industry the specific quality of grinding media to be used for various applications.

The quality of grinding media manufactured by the company has been well established and its products are being supplied practically too all the cement plants in India. The company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, Omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam.

Product range of the company includes:

High Chrome Grinding Media - Welcast HYKROM Grinding Media is a combination of high performance and durability. It strikes a perfect balance between hardness and toughness. Over 50,000 tonnes is currently employed in Indian and International industries without a single failure.

Clientele:

  • Larsen & Toubro Ltd. ,Awarpur Cement Works.
  • Larsen & Toubro Ltd., Jharsuguda Cement Works.
  • Associated Cement Cos. Ltd., Chanda Cement Works.
  • Chettinad Cements
  • Lakshmi Cements
  • Tamilnadu Cements
  • Priyadarshini Cements
  • Hindustan Zinc Ltd.
  • Hy-Grade Pellets Ltd.
  • Tamilnadu Electricity Board
  • Blue Circle Cement
  • Lafarge Canada
  • Longwear Products
  • Hanwa Co. Ltd.
  • Puttalam Cement Co., and many more

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