Steelcast Ltd. (IN:STEELCAS)
:STEELCAS
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Steelcast Ltd.
(STEELCAS)
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Rating:73Outperform
Price Target:
₹291.00
▲(37.75% Upside)
Action:ReiteratedDate:04/09/26
Score is driven primarily by strong financial performance (high margins, very low leverage, strong ROE, and solid cash conversion). Technicals are supportive but appear near overbought, adding short-term risk. Valuation is a headwind given the higher P/E and low dividend yield.
Positive Factors
Strong Profitability
Sustained high gross and net margins imply structural pricing power and operational efficiency in complex steel casting. These margins support reinvestment, cushion raw-material volatility, and enable durable cash generation across business cycles, benefiting long-term resilience.
Negative Factors
Cyclical End-Market Exposure
Concentration in capital goods and resource-oriented sectors makes revenue sensitive to macro cycles and capital spending swings. Structural cyclicality can lead to multi-quarter revenue and order volatility, complicating capacity planning and margin predictability over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
Sustained high gross and net margins imply structural pricing power and operational efficiency in complex steel casting. These margins support reinvestment, cushion raw-material volatility, and enable durable cash generation across business cycles, benefiting long-term resilience.
Read all positive factors
Steelcast Ltd. (STEELCAS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹27.80B
Dividend Yield0.76%
Average Volume (3M)20.49K
Price to Earnings (P/E)25.8
Beta (1Y)1.04
Revenue Growth27.37%
EPS Growth42.85%
CountryIN
Employees418
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)2.03
Shares Outstanding101,200,000
10 Day Avg. Volume8,772
30 Day Avg. Volume20,488
Financial Highlights & Ratios
PEG Ratio-7.34
Price to Book (P/B)6.14
Price to Sales (P/S)5.32
P/FCF Ratio33.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Steelcast Ltd. Business Overview & Revenue Model
Company Description
Steelcast Limited engages in the manufacture and sale of steel castings in India. The company offers carbon, low and high alloy, manganese, and other grades of wear and abrasion resistant steel casting products. Its products are used in earthmovin...
How the Company Makes Money
Steelcast Ltd. generates revenue by manufacturing and supplying customized steel and alloy castings to its clients across various industries. The company operates on a business-to-business (B2B) model, working with OEMs (Original Equipment Manufac...
Steelcast Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.36B | 3.76B | 4.01B | 4.64B | 2.97B | 1.53B |
| Gross Profit | 1.78B | 1.11B | 1.05B | 1.56B | 962.04M | 534.81M |
| EBITDA | 1.33B | 1.11B | 1.20B | 1.16B | 640.06M | 330.53M |
| Net Income | 890.72M | 721.98M | 750.02M | 705.25M | 332.72M | 120.21M |
Balance Sheet | ||||||
| Total Assets | 4.11B | 3.89B | 3.24B | 3.05B | 2.76B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 883.58M | 358.15M | 287.42M | 52.61M | 1.17M | 661.00K |
| Total Debt | 0.00 | 455.00K | 832.00K | 236.49M | 627.99M | 231.10M |
| Total Liabilities | 508.80M | 634.82M | 540.30M | 898.38M | 1.19B | 634.79M |
| Stockholders Equity | 3.60B | 3.26B | 2.70B | 2.15B | 1.57B | 1.29B |
Cash Flow | ||||||
| Free Cash Flow | 231.75M | 590.47M | 641.10M | 605.99M | -333.82M | 235.26M |
| Operating Cash Flow | 441.90M | 758.95M | 819.24M | 1.07B | -660.00K | 292.90M |
| Investing Cash Flow | -328.18M | -603.67M | -236.64M | -531.65M | -327.19M | -35.02M |
| Financing Cash Flow | -93.48M | -155.21M | -446.33M | -540.38M | 328.36M | -137.97M |
Steelcast Ltd. Technical Analysis
Positive
211.25
Price Trends
229.35
Positive
219.59
Positive
220.30
Positive
Market Momentum
10.33
Negative
76.55
Negative
91.93
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STEELCAS, the sentiment is Positive. The current price of 211.25 is below the 20-day moving average (MA) of 234.55, below the 50-day MA of 229.35, and below the 200-day MA of 220.30, indicating a bullish trend. The MACD of 10.33 indicates Negative momentum. The RSI at 76.55 is Negative, neither overbought nor oversold. The STOCH value of 91.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:STEELCAS.
Steelcast Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹27.80B | 25.82 | ― | 0.76% | 27.37% | 42.85% | |
67 Neutral | ₹21.58B | 9.96 | ― | 0.94% | 1.79% | 7.55% | |
62 Neutral | ₹22.88B | 20.43 | ― | 1.03% | -1.47% | -15.20% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹13.49B | 7.91 | ― | 2.46% | 47.79% | 74.12% | |
59 Neutral | ₹23.86B | 46.52 | ― | 0.19% | 10.61% | 43.88% | |
46 Neutral | ₹12.36B | -115.81 | ― | ― | ― | ― |
* Basic Materials Sector Average
IN:STEELCAS
Steelcast Ltd.
281.80
106.79
61.02%
IN:MANGLMCEM
Mangalam Cement Ltd
865.60
62.49
7.78%
IN:MOL
Meghmani Organics Limited
49.68
-17.48
-26.03%
IN:NITINSPIN
Nitin Spinners Limited
395.80
45.42
12.96%
IN:SPIC
Southern Petrochemical Industries Corporation Limited
67.40
-14.70
-17.90%
IN:VSSL
Vardhman Special Steels Limited
243.20
37.23
18.08%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.