X

Steelcast Ltd. Stock Analysis

Small Cap
Evaluated by 146 users | BSE: 513517 | NSE: |
Castings/Forgings
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 8.05%17.02%15.58%4.04%-5%4.88%5.24%16.41%17.15%6.66%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 13323828714479.5137134231318201
Y-o-Y Gr. Rt.-78.7%20.7%-49.7%-45%72.3%-2%72.3%37.5%-36.9%
Adjusted EPS (Rs.) 2.678.8411.290.18-10.210.081.1910.212.053.89
Y-o-Y Gr. Rt.-231.1%27.7%-98.4%-5772.2%NA1387.5%757.1%18.1%-67.7%
Book Value per Share (Rs.) 28.5135.1843.8843.3832.8635.4836.5846.1156.858.25
Adjusted Net Profit 4.214.719.70.3-18.60.22.420.724.47.9
Net Op. Cash Flow (Rs. Cr.) 1.51232.139.73.425.719.513.254.134.4
Debt to Cash Flow from Ops 44.347.053.633.4541.784.984.67.031.191.3
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Steelcast Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.7%20.3%14.3%-36.9%
Adjusted EPS 4.3%NA48.4%-67.7%
Book Value per Share 8.312.116.82.6
Share Price 15.3% 13.2% -16.9% -13%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 9.8128.0528.780.43-26.760.233.324.6823.426.76
Operating Profit Margin (%) 11.8216.9216.5418.04-1.1519.161918.8318.6218.76
Net Profit Margin (%) 3.176.176.840.23-23.380.111.798.937.673.92
Debt to Equity 1.441.451.521.742.41.781.210.990.560.38
Working Capital Days 138111119229348205206156124170
Cash Conversion Cycle 936866130217120113796893
Entity Percentage Holding
Promoters 44.09%
Institutions 1.32%
Non-Institutions 54.59%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Steelcast Ltd.'s performance infers:

Steelcast Ltd. earnings have grown by 0%, whereas share price has appreciated 13.2% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Steelcast Ltd. share prices over the last 10 years. Here is what we found out:

Steelcast Ltd. share price has appreciated 14.4% annually over the past ten years.

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,

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback