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Welcast Steels Ltd Stock Analysis

Small Cap
Evaluated by 95 users | BSE: 504988 | NSE: |
Castings/Forgings
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,...

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 11.04%9.75%10.16%10.07%0.76%-0.68%5.71%5.45%5.69%-0.78%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 201217242238203120201234270150
Y-o-Y Gr. Rt.-8.3%11.2%-1.5%-14.5%-41.2%68.3%16.2%15.3%-44.4%
Adjusted EPS (Rs.) 41.7540.8644.3346.69-2.45-7.0526.3224.9727.87-9.29
Y-o-Y Gr. Rt.--2.1%8.5%5.3%-105.3%NANA-5.1%11.6%-133.3%
Book Value per Share (Rs.) 369.07405.56444.07484.92480.42473.11499.65521.66548.63539.32
Adjusted Net Profit 2.72.62.83-0.2-0.51.71.61.8-0.6
Net Op. Cash Flow (Rs. Cr.) 2.6-1.58.6-0.7-4.810.10.6-2.35.7-0.2
Debt to Cash Flow from Ops 2.28-5.410.64-4.6-1.8900-2.180.21-20.14
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.
Welcast Steels Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -3.2%-5.9%-9.3%-44.4%
Adjusted EPS -184.6%NA-170.7%-133.3%
Book Value per Share 4.32.32.6-1.7
Share Price 3.4% 0.2% -23.6% 4.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 11.8710.4910.3910.01-0.51-1.485.414.895.21-1.71
Operating Profit Margin (%) 3.523.062.692.550.840.271.321.321.340.6
Net Profit Margin (%) 1.331.21.171.25-0.08-0.380.830.680.66-0.4
Debt to Equity 0.250.310.190.110.3000.150.030.12
Working Capital Days 7175676472103616964107
Cash Conversion Cycle 22251811225121243059
Entity Percentage Holding
Promoters 74.85%
Institutions 0.01%
Non-Institutions 25.14%
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 Welcast Steels Ltd's performance infers:

Welcast Steels Ltd earnings have grown by 0%, whereas share price has appreciated 0.2% 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 Welcast Steels Ltd share prices over the last 10 years. Here is what we found out:

Welcast Steels Ltd share price has appreciated -1.4% annually over the past ten years.

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

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

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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