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Steelcast Q1 FY27 Share Price & Earnings Call Analysis

₹348.05-3.61% today
Market cap
₹3,527 Cr
P/E
38.90
ROE
23.96%
PEG
5.34
Price to sales
8.00
Debt to equity
0.00
52W high / low
₹377 / ₹207
Sales growth (5Y)
21.82%
EBITDA margin
26.94%
Net profit margin
20.41%
Promoter holding
45.00%
Sales (last year)
₹441 Cr

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]

Guidance scorecard · Q1 FY27 call

What Steelcast Ltd's management guided
and where it ranks in Industrial Products

#30of 100 in
Industrial Products
Revenue20–40%MarginsUp 0–2%CapexPlannedFundraisingNone plannedOrder bookRising

RevenueQ1 FY27 call

20–40%
  • Steelcast Limited expects a minimum of 25% growth in volumes over the last financial year, with 30% volume growth also a distinct possibility given strong customer indications.
  • Sales growth is anticipated to be sequential quarter-on-quarter with increasing topline driven by all nine customer sectors.
  • The order book stands at INR 140 crores, typically representing 3-4 months of firm business.
  • Capacity utilization is expected to rise from 63% in FY27 to 90% by FY29 on existing capacities, supporting volume increases.
  • New capex of INR 120 crores is planned with commissioning targeted by March FY28, expected to add additional volumes from FY29.

2 more points from Steelcast Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

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

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Steelcast Limited plans a capex of INR 120 crores over the next 2 years for capacity expansion.
  • The company has already secured 100,000 square meters of land from the Government of Gujarat, located 12 km from the existing facility.
  • Target commissioning date for the new plant is March 31, FY28, with additional volumes expected from FY29.
  • The peak revenue potential from the new facility is estimated at around INR 300 crores.
  • The expansion will be funded entirely through internal cash accruals; the company currently has INR 120 crores in reserves.
  • Steelcast aims to maintain a debt-free status while using generated cash flows for capacity enhancement.

2 more points from Steelcast Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

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

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Current order book value: INR 140 crores (as of Q1 FY27).
  • The order book generally covers 3 to 4 months of sales at any point in time.
  • Orders are replenished monthly, maintaining a forward booking of about 4 months.
  • The order book has shown growth compared to the same period in the previous year.

2 more points from Steelcast Ltd's call on the order book

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Full Q1 FY27 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Steelcast Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

Sign up free to see every company in the sector ranking and track Steelcast Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of Steelcast Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Steelcast Ltd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +1201201191029098777510212010710797
Expenses +89898773637058567383797670
Operating Profit31313229272920192838273028
OPM %26%26%27%28%30%29%25%25%28%31%26%28%28%
Other Income +0001111212344
Interest1000000000000
Depreciation4454443333333
Profit before tax26262825232518182636273128
Tax %25%26%27%25%26%26%26%26%26%26%25%25%26%
Net Profit +19202019171913131927202321
EPS in Rs1.911.932.001.841.721.851.281.311.902.651.962.292.03

Financials of Steelcast Ltd

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +14479137134231318201158302477410376431
Expenses +11880111109188259163126238362292270308
Operating Profit26-126254459383264114117106123
OPM %18%-2%19%19%19%19%19%20%21%24%29%28%28%
Other Income +12012101023412
Interest1112141011105424111
Depreciation15121212151616141818181313
Profit before tax1-230419351716459510197122
Tax %26%-18%69%29%-10%29%53%23%26%25%26%26%
Net Profit +0-180321258123371757290
EPS in Rs0.05-2.030.010.292.062.470.791.193.296.977.417.138.93
Dividend Payout %0%0%0%41%13%16%15%23%19%28%19%20%

Financials of Steelcast Ltd

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital991010101010101010101010
Reserves7051626483105108119146205260316350
Borrowings +13714412890936445236324000
Other Liabilities +26212047584335405766546351
Total Liabilities242224220211244222197192276305324389411
Fixed Assets +14213513412512311710798109142138142151
CWIP7501200150026
Investments00000000010213738
Other Assets +938485851181059093162153164209216
Total Assets242224220211244222197192276305324389411

Financials of Steelcast Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +4032613543429-01078274
Cash from Investing Activity +-42-2-6-13-7-6-4-33-53-38-58
Cash from Financing Activity +2-5-16-222-25-1433-54-45-16
Net Cash Flow0-44-214941200-00
Free Cash Flow-3119-1472825-33636857
CFO/OP163%-266%98%34%110%117%103%20%115%91%92%

Financials of Steelcast Ltd

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days86140979483655211991598395
Inventory Days29151221444734999180276330139116219
Days Payable8917790260256678215119212088162
Cash Conversion Cycle2884752212811769715024423078111152
Working Capital Days-1-136-47-30-8264688444482117
ROCE %6%-5%7%7%17%24%13%12%25%42%40%33%

Guidance history

How Steelcast Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%Up 0–2%PlannedNone plannedRising
Q4 FY26 call →20–40%Down 0–2%Planned—Rising
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

82out of 100

Momentum score · price trend

82 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+51.5%86%
Last 6 months+20.3%76%
Last 3 months+12.3%84%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Steelcast Ltd: 0.4 × 86 + 0.4 × 76 + 0.2 × 84 = 82.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Steelcast Ltd's management said in earlier quarters

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