Steelcast Ltd

Q4 FY26Industrial Products

Steelcast Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹356

Market cap₹3.4K Cr

P/E37.6

Updated23 Aug 2026

Read4 min read

The short version

Steelcast targets a **20%+ year-on-year volume growth** for FY27 and the next three years through FY29. Steelcast aims for over 20% volume and revenue growth in FY27 and the next three years. - Targeting to become a Rs.

From Steelcast Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Steelcast targets a **20%+ year-on-year volume growth** for FY27 and the next three years through FY29.
The company aspires to **more than INR 100 crores PAT in FY27**, indicating strong profit growth alongside sales.
They aim to **double sales by FY29** compared to FY26, with current capacity enabling theoretical revenue of around INR 860 crores by FY29.
Growth drivers include expansion in sectors such as **mining, earthmoving, construction, locomotives, railroad, and ground engaging tools**.
Export revenues have been strong, contributing over 60% of total revenue, with ongoing **supply chain diversification and increased global OEM engagement**.
Capacity expansion decisions will be finalized by **July 2026** to support anticipated demand ramp-up.
New part developments (over 50 parts) are expected to convert to serial supplies, supporting sustained growth.

Profitability & Margins

Steelcast aims for over 20% volume and revenue growth in FY27 and the next three years.
Targeting to become a Rs. 100 crore+ PAT company in FY27, with PAT aspirations potentially exceeding Rs. 100 crore (could be Rs. 101 to Rs. 115 crore or more).
Sustainable EBITDA margins expected around 25-26%, though temporary highs near 30% are possible.
Long-term growth goal to double sales by FY29 compared to FY26.
Capacity expansion decision expected by July 2026 to support growth; current capacity utilization around 63-64%, aiming to avoid waiting for 75% utilization to expand.
Incremental profitability improvements expected from new part developments, diversification across sectors, and cost-saving initiatives (e.g., 2.4 MW hybrid power project).
Strong export growth (over 60% of revenues) and diversification globally support sustained profit growth.
Management committed to maintaining healthy margins and managing cost pressures through pricing adjustments.

See what Steelcast Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

- Steelcast plans capacity expansion and is in advanced stages of finalizing the capex plan. - Exact details and quantum of capacity increase will be ready by end of July 2026. - Current capacity utilization is around 63-64%; subsequent utilization increase drives earlier capex decision before hitting 75%. - The company aims to decide on the capacity expansion by July 2026, earlier than the initially planned December 2026 timeline. - No specific capex amount disclosed yet. - The decision is driven by strong demand indications and approval of new parts converting to serial supplies. - The 2.4 MW hybrid power project is under commissioning by June 2026, expected to generate annual savings of ~₹3.6 crore and improve sustainability. (Information summarized from pages 6, 7, 8, and 11)

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There is no specific mention of any current or planned fundraising through debt or equity in the transcript.
The company maintains a debt-free balance sheet with healthy cash reserves of around ₹114 crores, indicating strong financial prudence.
Capacity expansion decisions and related capex are being evaluated and expected to be finalized by July 2026, but no mention of funding through external financing.
The management emphasizes maintaining financial discipline and flexibility to navigate uncertainties without indicating an immediate need for fundraising.
No direct question or response in the call addresses plans for new debt or equity issuance.

See what Steelcast Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The typical order cycle for Steelcast Limited is around 110 to 120 days.
As of April 1, 2026 (start of FY27), the order book stands at approximately INR 130–135 crores.
This order book represents the current confirmed orders expected to be executed in the near term.

Steelcast Ltd — Quarterly revenue & net profit

Revenue Net profit

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹97 Cr, net profit ₹21 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Steelcast Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Steelcast Ltd Q4 FY26 results?

What is Steelcast Ltd share price analysis?

Steelcast Ltd currently shows a neutral. The stock trades at a P/E of 37.6 with a market cap of ₹3,410 Cr. Investors should review the full earnings analysis for detailed insights.

Is Steelcast Ltd planning capital expenditure?

Steelcast plans capacity expansion and is in advanced stages of finalizing the capex plan.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.