Steelcast Ltd Stock Analysis

BSE: 513517 | NSE: STEELCAS | Castings/Forgings | Small Cap

BSE Share Price 06-Feb-2023 18:01
497.70 -3.05 (-0.61%)

DeciZen - Make an Informed Decision on Steelcast

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Steelcast Price Chart

P/E Ratio ( SA) :
16.62
Market Cap :
1,007.3 Cr.
52-wk low :
255
52-wk high :
560.7
Bole Toh?

1. Is Steelcast Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Steelcast Ltd is a average quality company.

2. Is Steelcast Ltd undervalued or overvalued?

The key valuation ratios of Steelcast Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Steelcast Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Steelcast Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Steelcast:

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.
Steelcast Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 15.6%4%-5%4.9%5.3%16.5%17.2%6.7%9.1%18.5%-
Value Creation Index 0.1-0.7-1.4-0.7-0.60.20.2-0.5-0.40.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 28714479.5137134231318201158302450
YoY Gr. Rt. %--49.7%-45%72.3%-2%72.3%37.5%-36.9%-21.4%91.5%-
Adj EPS 11.30.2-10.20.11.210.212.13.95.816.430
YoY Gr. Rt. %--98.4%-5772.2%NA1437.5%732.5%17.7%-67.7%48.3%183.7%-
BVPS (₹) 43.943.432.935.536.646.156.858.363.677.499.9
Adj Net Profit 19.70.3-18.60.22.520.724.47.911.733.161
Cash Flow from Ops. 32.139.73.425.719.513.254.134.429.3-0.1-
Debt/CF from Ops. 3.63.541.854.671.21.30.8-938.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.6%17.6%-1.7%91.5%
Adj EPS 4.2%67.8%10.8%183.7%
BVPS 6.516.210.821.6
Share Price 28% 22.3% 60.8% 65%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 28.80.4-26.80.23.424.823.46.89.523.233.8
Op. Profit Mgn % 16.518-1.219.219.118.918.618.82021.222.4
Net Profit Mgn % 6.80.2-23.40.11.997.73.97.41113.5
Debt to Equity 1.51.72.41.81.210.60.40.20.4-
Working Cap Days 1192293482052061561241702061520
Cash Conv. Cycle 66130217120113796893114930

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 33.80%

Net Profit is growing at healthy rate in last 3 years 10.75%

Sales growth is good in last 4 quarters at 73.91%

Sales growth has been subdued in last 3 years -1.69%

Latest Financials - Steelcast Ltd.

Standalone Consolidated
TTM EPS (₹) 30 -
TTM Sales (₹ Cr.) 450 -
BVPS (₹.) 99.9 -
Reserves (₹ Cr.) 192 -
P/BV 4.98 -
PE 16.62 -
From the Market
52 Week Low / High (₹) 254.95 / 560.70
All Time Low / High (₹) 0.31 / 560.70
Market Cap (₹ Cr.) 1,007
Equity (₹ Cr.) 10.1
Face Value (₹) 5
Industry PE 16.1

Management X-Ray of Steelcast :

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 Steelcast

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Steelcast Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Steelcast on 06-Feb-2023 18:01 is : 497.7.
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 06-Feb-2023 18:01 the market cap of Steelcast stood at ₹ 1,007.3.
The latest PE ratio of Steelcast as of 06-Feb-2023 18:01 is 16.62.
The latest PB ratio of Steelcast as of 06-Feb-2023 18:01 is 4.98
The 52-week high of Steelcast is ₹ 560.7 and the 52-week low is ₹ 254.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Steelcast is ₹ 449.6 ( Cr.) .

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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