Steelcast Ltd

Steelcast Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Steelcast Ltd

₹ 762 1.55%
22 Nov - close price
steelcast.net BSE: 513517 NSE: STEELCAS
About

Steelcast Limited (SCL) is engaged in the business of manufacturing Steel and Alloy Steel Castings catering to a host of OEMs for diverse industrial sectors. [1]

Key Points

Products
The company offers casting products like Carbon Steel, Low Alloy Steel, High Alloy Steel, Manganese Steel, and other Superior Grades of Wear and abrasive resistant Steel Castings produced by Bake and Shell Moulding Processes. [1] It is one of few casting companies to manufacture steel castings through the sand and shell molding process to produce 300+ parts ranging from 2.5 kg to 2,500 kgs. [2]

Website BSE NSE
  • Market Cap ₹ 1,542 Cr.
  • Current Price ₹ 762
  • High / Low ₹ 850 / 575
  • Stock P/E 24.7
  • Book Value ₹ 142
  • Dividend Yield 0.94 %
  • ROCE 40.0 %
  • ROE 30.8 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 25.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.1%
  • Company has been maintaining a healthy dividend payout of 22.3%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

Part of BSE Industrials BSE Allcap BSE SmallCap

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
77 79 93 116 121 120 120 119 102 90 98 78 76
59 62 75 92 93 89 89 87 73 63 70 58 56
Operating Profit 18 17 18 24 28 31 31 32 29 27 29 20 20
OPM % 23% 21% 19% 21% 23% 26% 26% 27% 28% 30% 29% 26% 26%
0 0 0 0 1 0 0 0 1 1 1 1 1
Interest 0 1 0 1 1 1 0 0 0 0 0 0 0
Depreciation 5 4 4 5 5 4 4 5 4 4 4 3 3
Profit before tax 13 11 13 19 24 26 26 28 25 23 25 18 18
Tax % 25% 26% 26% 25% 25% 25% 26% 27% 25% 26% 26% 26% 26%
10 9 10 14 18 19 20 20 19 17 19 13 13
EPS in Rs 4.85 4.22 4.76 6.99 8.68 9.53 9.65 10.02 9.18 8.61 9.24 6.39 6.57
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Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
287 144 79 137 134 231 318 201 158 302 477 410 342
240 118 80 111 109 188 259 163 126 238 362 292 247
Operating Profit 48 26 -1 26 25 44 59 38 32 64 114 117 96
OPM % 17% 18% -2% 19% 19% 19% 19% 19% 20% 21% 24% 29% 28%
1 1 2 0 1 2 1 0 1 0 2 3 4
Interest 10 11 12 14 10 11 10 5 4 2 4 1 0
Depreciation 10 15 12 12 12 15 16 16 14 18 18 18 15
Profit before tax 29 1 -23 0 4 19 35 17 16 45 95 101 84
Tax % 32% 26% -18% 69% 29% -10% 29% 53% 23% 26% 25% 26%
20 0 -18 0 3 21 25 8 12 33 71 75 62
EPS in Rs 11.28 0.24 -10.16 0.06 1.47 10.31 12.34 3.94 5.94 16.44 34.84 37.06 30.81
Dividend Payout % 16% 0% 0% 0% 41% 13% 16% 15% 23% 19% 28% 19%
Compounded Sales Growth
10 Years: 11%
5 Years: 5%
3 Years: 37%
TTM: -26%
Compounded Profit Growth
10 Years: 69%
5 Years: 25%
3 Years: 85%
TTM: -20%
Stock Price CAGR
10 Years: 34%
5 Years: 46%
3 Years: 36%
1 Year: 22%
Return on Equity
10 Years: 19%
5 Years: 24%
3 Years: 31%
Last Year: 31%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 10 10 10 10 10 10 10 10 10 10
Reserves 68 70 51 62 64 83 105 108 119 146 205 260 276
116 137 144 128 90 93 64 45 23 63 24 0 0
45 26 21 20 47 58 43 35 40 57 66 54 47
Total Liabilities 238 242 224 220 211 244 222 197 192 276 305 324 334
116 142 135 134 125 123 117 107 98 109 142 138 135
CWIP 5 7 5 0 1 2 0 0 1 5 0 0 3
Investments 1 0 0 0 0 0 0 0 0 0 10 21 37
116 93 84 85 85 118 105 90 93 162 153 164 159
Total Assets 238 242 224 220 211 244 222 197 192 276 305 324 334

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
32 40 3 26 13 54 34 29 -0 107 68
-52 -42 -2 -6 -13 -7 -6 -4 -33 -53 -24
20 2 -5 -16 -22 2 -25 -14 33 -54 -45
Net Cash Flow -0 0 -4 4 -21 49 4 12 0 0 -0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57 86 140 97 94 83 65 52 119 91 59 83
Inventory Days 130 291 512 214 447 349 99 180 276 330 139 116
Days Payable 69 89 177 90 260 256 67 82 151 192 120 88
Cash Conversion Cycle 118 288 475 221 281 176 97 150 244 230 78 111
Working Capital Days 75 122 203 101 104 103 54 78 122 120 62 82
ROCE % 23% 6% -5% 7% 7% 17% 24% 13% 12% 25% 42% 40%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
46.07% 46.07% 46.07% 46.07% 46.07% 46.07% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00%
0.02% 0.02% 0.02% 0.11% 0.25% 0.09% 0.27% 0.38% 0.08% 0.01% 0.06% 0.10%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.07% 0.07% 0.33% 0.29% 0.00%
53.91% 53.91% 53.91% 53.84% 53.69% 53.85% 54.67% 54.56% 54.85% 54.68% 54.65% 54.90%
No. of Shareholders 3,4773,5773,5064,2085,4015,7477,3338,80613,12613,06412,57013,138

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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