Steelcast Ltd - Stock Valuation and Financial Performance

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

Steelcast Share Price

652.30 20.80 3.29%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Steelcast

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Steelcast stock performance -

mw4me loader
P/E Ratio (SA):
17.45
Market Cap:
1,323.4 Cr.
52-wk low:
450.1
52-wk high:
781

Is Steelcast Ltd an attractive stock to invest in?

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4%-5%4.9%5.3%16.5%17.2%6.7%9.1%18.5%31.4%-
Value Creation
Index
-0.7-1.4-0.7-0.60.20.2-0.5-0.40.31.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 14479.5137134231318201158302477432
Sales YoY Gr.--45%72.3%-2%72.3%37.5%-36.9%-21.4%91.5%57.9%-
Adj EPS 0.2-10.20.11.210.212.13.95.816.434.637.5
YoY Gr.--5772.2%NA1437.5%732.5%17.7%-67.7%48.3%183.7%111.2%-
BVPS (₹) 43.432.935.536.646.156.858.363.677.4106.3126.7
Adj Net
Profit
0.3-18.60.22.520.724.47.911.733.17076
Cash Flow from Ops. 39.73.425.719.513.254.134.429.3-0.1108-
Debt/CF from Ops. 3.541.854.671.21.30.8-951.50.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.2%15.6%33.5%57.9%
Adj EPS 79.4%27.6%107.2%111.2%
BVPS10.5%18.2%22.2%37.5%
Share Price 38.3% 34.5% 68.9% 38.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.4-26.80.23.424.823.46.89.523.237.732.2
Op. Profit
Mgn %
18-1.219.219.118.918.618.82021.22427.6
Net Profit
Mgn %
0.2-23.40.11.997.73.97.41114.717.6
Debt to
Equity
1.72.41.81.210.60.40.20.40.1-
Working Cap
Days
22934820520615612417020615211859
Cash Conv.
Cycle
130217120113796893114936432

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 32.20%

Sales growth is growing at healthy rate in last 3 years 33.46%

Net Profit is growing at healthy rate in last 3 years 107.15%

Sales growth is not so good in last 4 quarters at -2.01%

Latest Financials - Steelcast Ltd.

Standalone Consolidated
TTM EPS (₹) 37.5 -
TTM Sales (₹ Cr.) 432 -
BVPS (₹.) 126.7 -
Reserves (₹ Cr.) 246 -
P/BV 5.16 -
PE 17.45 -
From the Market
52 Week Low / High (₹) 450.05 / 781.00
All Time Low / High (₹) 0.31 / 781.00
Market Cap (₹ Cr.) 1,323
Equity (₹ Cr.) 10.1
Face Value (₹) 5
Industry PE 33.9

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales14480137134231318201158302477
Operating Expenses 11881111109188259163126238362
Manufacturing Costs644454631121288366133176
Material Costs342032204288473468133
Employee Cost 13101215202623202837
Other Costs 8712111417117916
Operating Profit 26-126254459383264114
Operating Profit Margin (%) 18.0%-1.6%19.1%18.8%18.8%18.6%18.8%20.0%21.2%24.0%
Other Income 1100210201
Interest 1112141011105423
Depreciation 15121212151616141818
Exceptional Items 0001000000
Profit Before Tax 1-2304193517164595
Tax 0-401-210941124
Profit After Tax 0-190321258123371
PAT Margin (%) 0.3%-23.3%0.1%2.2%9.0%7.9%4.0%7.6%11.0%14.8%
Adjusted EPS (₹)0.2-10.20.11.510.312.33.95.916.434.8
Dividend Payout Ratio (%)0%0%0%41%13%16%15%23%19%28%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7960727493115118129157215
Share Capital 991010101010101010
Reserves 7051626483105108119146205
Minority Interest0000000000
Debt11912310775845230146324
Long Term Debt70505226142812900
Short Term Debt4973564970251756324
Trade Payables810814301610143641
Others Liabilities 36313347363939362125
Total Liabilities 242224220211244222197192276305

Fixed Assets

Gross Block205210222137150149154159185232
Accumulated Depreciation63768812273248617690
Net Fixed Assets14213513412512311710798109142
CWIP 7501200150
Investments 00000000010
Inventories27281925402423266251
Trade Receivables34303635535728517577
Cash Equivalents 8482162123
Others Assets23222223241837152322
Total Assets 242224220211244222197192276305

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4032619135434290108
PBT 1-2304193517164595
Adjustment 23202320222320161919
Changes in Working Capital 1962-4-26771-5117
Tax Paid -300-1-1-11-10-3-13-24
Cash Flow From Investing Activity -42-2-6-3-13-7-6-4-33-54
Capex -42-3-7-4-14-7-6-4-33-45
Net Investments 000000000-9
Others 0100110100
Cash Flow From Financing Activity 2-5-16-16-222-25-1433-53
Net Proceeds from Shares 20120000000
Net Proceeds from Borrowing -2-202-7-1114-15-9-180
Interest Paid -9-10-11-9-9-8-5-3-1-2
Dividend Paid -3000-1-3-4-1-5-12
Others 1425-1800-1-1058-39
Net Cash Flow 0-440-214941200
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.55-26.640.24.0824.9223.986.859.7523.3237.94
ROCE (%)5.82-5.237.077.9117.4224.6112.9112.3725.0542.49
Asset Turnover Ratio0.630.370.630.661.031.370.960.821.291.65
PAT to CFO Conversion(x)INFN/AINF6.330.622.164.252.4201.52
Working Capital Days
Receivable Days951368791686377917658
Inventory Days681166156513743565343
Payable Days1281669920319095104131133105

Steelcast Ltd Stock News

Steelcast Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Steelcast on 28-Mar-2024 16:01 is ₹652.3.
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 28-Mar-2024 16:01 the market cap of Steelcast stood at ₹1,323.4.
The latest P/E ratio of Steelcast as of 28-Mar-2024 16:01 is 17.45.
The latest P/B ratio of Steelcast as of 28-Mar-2024 16:01 is 5.16.
The 52-week high of Steelcast is ₹781.0 and the 52-week low is ₹450.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steelcast is ₹431.7 ( 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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