Steelcast

NSE: STEELCAS · Castings & Forgings

52W Range₹176 ₹364

Snapshot

Unlock Steelcast's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Steelcast Limited is an Indian manufacturer specialising in carbon, low and high alloy, and manganese steel castings. The company serves a diverse range of heavy industries, including mining, earthmoving, railways, and energy, while maintaining a significant global export footprint.

Business Model

The company generates revenue through the manufacturing and sale of wear and abrasion-resistant steel casting products tailored for industrial applications. It operates as a B2B supplier, catering to both domestic Indian markets and international clients across multiple continents.

Growth Outlook

Growth is driven by sustained demand for high-performance castings in the global mining, infrastructure, and energy sectors. The company leverages its established export network to capture opportunities in international markets like the United States, Germany, and Southeast Asia.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of steel scrap and alloys can significantly impact profit margins.
  • Cyclical Industrial Demand. The company's performance is highly sensitive to capital expenditure cycles in the mining, construction, and infrastructure sectors.
  • Foreign Exchange Risk. As a significant exporter, the company is exposed to currency fluctuations that may affect the competitiveness and profitability of international sales.
  • Global Trade Barriers. Changes in international trade policies or tariffs in key export markets could disrupt supply chains and reduce export volumes.

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Key Metrics

REVENUE

₹441 Cr

TTM · standalone

+8.9%YoY

NET PROFIT

₹91 Cr

TTM · standalone

+14.6%YoY

EPS

₹8.95

TTM · standalone

-77.1%YoY

RETURN ON EQUITY

25.2%

TTM · standalone

+0.9 ppYoY

RETURN ON CAPITAL EMPLOYED

32.7%

TTM · standalone

+0.9 ppYoY

P/E

36.7x

Q1 FY27 · standalone

36.7 vs 14.1x5Y avg

EV/EBITDA

24.6x

Q1 FY27 · standalone

24.6 vs 34.3x5Y avg

EBITDA MARGIN

30.6%

TTM · standalone

+1.1 ppYoY

NET PROFIT MARGIN

19.0%

Q1 FY27 · standalone

+0.4 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · standalone

+0.00xYoY

Peers · Castings & Forgings

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
SteelcastSTEELCAS
₹3,320 Cr36.6524.608.9%30.6%25.2%32.7%+52.2%
Amic ForgingAMIC
₹2,314 Cr30.0%+45.5%
Investment & Precision Castings LimitedINVPRECQ
₹1,274 Cr108.3041.7615.1%17.0%12.5%20.7%+177.4%
NelcastNELCAST
₹1,018 Cr24.7310.614.2%8.4%7.1%12.5%-20.7%
Synergy Green Industries LimitedSGIL
₹942 Cr-106.5428.76-2.5%11.6%-8.1%6.9%+12.8%
Tirupati ForgeTIRUPATIFL
₹892 Cr140.9246.6211.7%5.1%8.1%+70.0%

As of Q1 FY27

Financials