STEELCASIndustrials

Steelcast Limited

Castings & Forgings · ISIN INE124E01038 · BSE 513517 · NSE EQ · FV ₹1
Last price
₹303
+1.40%today
What this company does

Steelcast Limited operates in Castings & Forgings, part of the Industrials sector. It booked ₹125 cr of revenue in its latest quarter (Q1 FY27) and kept 19.0% of sales as profit. It is the 5th largest of 9 Castings & Forgings companies we track, by market value.

The company manufactures Capital Goods as per technical specifications provided by customers.
In the report:
72out of 100
Equitytale Health Score
Solid

Healthier than 72% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
37

At close. Not part of the score.

Profitability & returns89

How much profit it earns on the money it employs

Balance sheet97

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency48

Whether sales and profit have grown, and how steadily

Valuation25

What today's price implies, against our models or its peers

Governance & risk87

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 19% net margin
Sales up 17% vs last year
Profit up 19% vs last year
Promoters hold 45%
Strong 24% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
! 3.3% of promoter stake pledged

What if I invest in STEELCAS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹303 +1.40%
latest close · 2026-09-17
52-wk low ₹29242 sessions so far52-wk high ₹364
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio32.4High
LowAverageHigh
P/B ratio7.78High
Below bookModerateHigh
EV / EBITDA21.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.0%Strong
WeakFairStrong ▸15%
Return on capital31.3%Strong
WeakFairStrong
Net margin19.0%Strong
ThinDecentStrong
EBITDA margin28.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover184.1×Strong
RiskyOkayStrong ▸5×
Current ratio5.07Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,075 cr
Book value
₹39
EPS
₹2.34
latest quarter
Net debt
₹-1 cr
more cash than debt
Enterprise value
₹3,074 cr
EBITDA
₹141 cr
annualised
EBIT
₹128 cr
annualised
Operating margin
25.6%
Return on assets
20.6%
Earnings yield
3.08%
P/S
6.16
Sales / share
₹49.3
Tax rate
25.4%
Face value
₹1
Shares
10.1 cr
Working capital
₹209 cr
Current assets
₹261 cr
Current liabilities
₹51 cr
Delivery %
53.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹51₹79, midpoint ₹78

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹125 cr
Other Income₹3 cr
Total Income₹128 cr
Cost of Materials₹34 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-14 cr
Employee Benefit Expense₹15 cr
Finance Costs₹17.4 L
Depreciation & Amortisation₹3 cr
Other Expenses₹58 cr
Total Expenses₹96 cr
Profit before Tax₹32 cr
Tax Expense₹8 cr
Net Profit₹24 cr
Net margin on total income18.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹20 cr15.5%
Employee benefit expense₹15 cr11.8%
Finance costs₹17.4 L0.1%
Depreciation & amortisation₹3 cr2.6%
Other expenses₹58 cr45.2%
Tax expense₹8 cr6.3%
Profit for the period₹24 cr18.5%
Total income ₹128 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue97 cr112 cr125 cr
Total income101 cr118 cr128 cr
Expenses73 cr87 cr96 cr
Profit before tax28 cr31 cr32 cr
Tax7 cr8 cr8 cr
Net profit (owners' share)21 cr23 cr24 cr
Net margin (owners' share, on revenue)21.1%20.6%19.0%
EPS (₹)2.032.292.34
YoY (latest quarter): total income +17.1% · net profit +19.3%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹460 cr
Shareholder equity
₹395 cr
parent shareholders
Total debt
₹0 cr
Cash
₹1 cr
Cash flow · H1 FY26
Operating
₹44 cr
Investing
₹-33 cr
Financing
₹-9 cr
Peer comparison
Castings & Forgings · by market value
CompanyPriceMarket capP/E
AIA Engineering Limited₹3,983₹37,173 cr30.9
PTC Industries Limited₹22,670₹33,988 cr291.1
Happy Forgings Limited₹2,143₹20,227 cr55.2
Balu Forge Industries Limited₹502₹6,089 cr22.8
Steelcast Limitedthis company₹303₹3,075 cr32.4
Nelcast Limited₹108₹940 cr45.8
Synergy Green Industries Limited₹592₹920 cr
Kalyani Forge Limited₹1,016₹370 cr20.6
Hilton Metal Forging Limited₹17₹88 cr12.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.59%
trailing 12 months
Dividend / share (TTM)
₹1.8
Last dividend
₹0.45
ex 7 Aug 2026
ActionDetailEx-date
Dividend₹0.45 / share7 Aug 2026
Dividend₹0.54 / share24 Jul 2026
Dividend₹0.45 / share6 Feb 2026
Dividend₹0.36 / share11 Nov 2025
Stock splitStock Split From Rs.5/- to Rs.1/-29 Aug 2025
Dividend₹1.8 / share8 Aug 2025
Who owns it · 2026-06-30
3.3% pledged
Promoter
45.0%
FII / Foreign
0.3%
DII / Domestic
2.5%
Retail / others
52.2%
Smart-money activity
Insider trades
SoldChetan M Tamboli · Promoters2.00 L21 Nov 24
BoughtRushil C Tamboli · Immediate relative1.00 L21 Nov 24
BoughtVidhi S Merchant · Immediate relative1.00 L21 Nov 24
Bulk / block deals
SoldINFINITY ASSET ADVISORS PRIVATE LIMITED · NSE1.52 L @ ₹639.4211 Dec 23
SoldRUSHIL INDUSTRIES LTD · NSE1.96 L @ ₹4958 Jun 23
Stake changes
SoldChetan M Tamboli along with PAC · promoter→ 16.40% · 2.00 L21 Nov 24
SoldRushil Industries Limited · promoter→ 6.72% · 2.16 L9 Jun 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 31 Jul 2025
See the official result
1
To receive, consider, approve and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.69 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
To confirm the payment of three Interim Dividends on Equity Shares and to declare a Final Dividend on Equity Shares for the year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
4.69 L votes for, 0 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mrs. Vidhi S Merchant, who retires by rotation and being eligible, offers herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
4.69 L votes for, 4 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Rushil C Tamboli, who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 89% of shareholders other than promotersneeded 50%
4.16 L votes for, 53,002 against · 28% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 45.0% between them · as of 2026-06-30
CHETAN M TAMBOLI16.40%
TAMBOLI TRADING LLP9.70%
MANALI C TAMBOLI7.06%
RUSHIL INDUSTRIES LIMITED6.72%
CHETAN M TAMBOLI HUF4.13%
RUSHIL CHETANBHAI TAMBOLI0.49%
VIDHI SIDDHARTH MERCHANT0.49%
HANSABEN MANMOHANBHAI TAMBOLI0.01%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.