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BSE: 504988 | NSE: | Castings/Forgings | Small Cap
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 10.1% | 0.8% | -0.7% | 5.7% | 5.5% | 5.7% | -0.8% | -4.2% | -0.9% | 10.1% | - | ||
| Value Creation Index ⓘ | -0.3 | -1.0 | -1.1 | -0.6 | -0.6 | -0.6 | -1.1 | -1.3 | -1.1 | -0.3 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 238 | 203 | 120 | 201 | 234 | 270 | 150 | 98 | 86 | 93.9 | 70 | ||
| YoY Gr. Rt. % | - | -14.5% | -41.2% | 68.3% | 16.2% | 15.3% | -44.4% | -34.7% | -12.2% | 9.3% | - | ||
| Adj EPS ⓘ | 46.7 | -2.5 | -7.1 | 26.3 | 25 | 27.9 | -9.3 | -28.5 | -7.7 | 37.4 | -12.4 | ||
| YoY Gr. Rt. % | - | -105.3% | NA | NA | -5.1% | 11.6% | -133.3% | NA | NA | NA | - | ||
| BVPS (₹) ⓘ | 484.9 | 480.4 | 473.1 | 499.7 | 521.7 | 548.6 | 539.3 | 513.3 | 509.6 | 553.3 | 562.5 | ||
| Adj Net Profit ⓘ | 3 | -0.2 | -0.5 | 1.7 | 1.6 | 1.8 | -0.6 | -1.8 | -0.5 | 2.4 | -1 | ||
| Cash Flow from Ops. ⓘ | -0.7 | -4.8 | 10.1 | 0.6 | -2.3 | 5.7 | -0.2 | 2.2 | 2.8 | 17.3 | - | ||
| Debt/CF from Ops. ⓘ | -4.6 | -1.9 | 0 | 0 | -2.2 | 0.2 | -20.1 | 1.6 | 1 | 0 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -9.8% | -16.7% | -14.5% | 9.3% | ||||||||
| Adj EPS ⓘ | -2.5% | 8.4% | NA | NA | ||||||||
| BVPSⓘ | 1.5% | 1.2% | 0.9% | 8.6% | ||||||||
| Share Price | 15.4% | 3.4% | 35.2% | -3.9% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 10 | -0.5 | -1.5 | 5.4 | 4.9 | 5.2 | -1.7 | -5.4 | -1.5 | 7 | -2.2 | |
| Op. Profit Mgn % ⓘ | 2.6 | 0.8 | 0.3 | 1.3 | 1.3 | 1.3 | 0.6 | -0.1 | 0.1 | 4.5 | 0.5 | |
| Net Profit Mgn % ⓘ | 1.3 | -0.1 | -0.4 | 0.8 | 0.7 | 0.7 | -0.4 | -1.9 | -0.6 | 2.5 | -1.1 | |
| Debt to Equity ⓘ | 0.1 | 0.3 | 0 | 0 | 0.2 | 0 | 0.1 | 0.1 | 0.1 | 0 | - | |
| Working Cap Days ⓘ | 64 | 72 | 103 | 61 | 69 | 64 | 107 | 137 | 137 | 107 | 0 | |
| Cash Conv. Cycle ⓘ | 11 | 22 | 51 | 21 | 24 | 30 | 58 | 84 | 94 | 64 | 0 | |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -14.45%
Sales growth is not so good in last 4 quarters at -38.70%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -12.4 | - |
| TTM Sales (₹ Cr.) | 69.8 | - |
| BVPS (₹.) ⓘ | 562.5 | - |
| Reserves (₹ Cr.) ⓘ | 35 | - |
| P/BV ⓘ | 1.45 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 533.00 / 1034.50 |
| All Time Low / High (₹) | 8.29 / 1599.95 |
| Market Cap (₹ Cr.) | 52.1 |
| Equity (₹ Cr.) | 0.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 29.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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