STEELCAS

Steelcast Limited

Steel castings for construction equipment, mining, energy and engineering OEMs

Industrials›Capital Goods›Industrial Products›Castings & Forgings

steelcast.net(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹354.50
Market cap
3,588 Cr
Stock P/E
39.6
P/B
9.08
Dividend yield
0.5%
ROE (FY26)
22.0%
ROCE (FY26)
29.6%
Operating margin (FY26)
23.9%
OCF / EBITDA (FY26)
75.7%
OCF / EBITDA (3Y)
67.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Steelcast makes steel castings, most of them fully machined and ready to use, and sells them directly to equipment makers in earthmoving, construction and other industries in India and abroad.

Company snapshot

5thBy market cap

Ranked among 10 companies in Castings & Forgings.

What we see

Positives
  • ✓Net margin of 20.5% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales102 Cr90 Cr98 Cr78 Cr76 Cr102 Cr121 Cr107 Cr107 Cr97 Cr112 Cr125 Cr
Operating expenses (approx.)73 Cr63 Cr70 Cr58 Cr56 Cr73 Cr83 Cr79 Cr76 Cr70 Cr83 Cr93 Cr
EBITDA29 Cr27 Cr29 Cr20 Cr20 Cr28 Cr38 Cr27 Cr30 Cr28 Cr29 Cr32 Cr
OPM %28.3%30.3%29.3%25.6%25.8%27.8%31.7%25.6%28.3%28.2%25.9%25.6%
Other income0.57 Cr0.51 Cr0.80 Cr0.91 Cr1 Cr0.89 Cr1 Cr3 Cr4 Cr4 Cr5 Cr3 Cr
Interest0.09 Cr0.01 Cr0.22 Cr0.10 Cr0.03 Cr0.24 Cr0.28 Cr0.15 Cr0.04 Cr0.04 Cr0.03 Cr0.17 Cr
Depreciation4 Cr4 Cr4 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr
Profit before tax25 Cr23 Cr25 Cr18 Cr18 Cr26 Cr36 Cr27 Cr31 Cr28 Cr31 Cr32 Cr
Tax %25.1%25.5%25.5%26.2%25.7%25.6%25.8%25.4%25.0%26.2%25.2%25.4%
Net profit19 Cr17 Cr19 Cr13 Cr13 Cr19 Cr27 Cr20 Cr23 Cr21 Cr23 Cr24 Cr
EPS (₹)₹9.19₹8.61₹9.24₹6.39₹6.57₹9.49₹13.22₹9.82₹2.29₹2.03₹2.29₹2.34

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales141 Cr233 Cr318 Cr201 Cr158 Cr302 Cr477 Cr410 Cr376 Cr423 CrSign in free for the trailing twelve months
Operating expenses (approx.)117 Cr190 Cr259 Cr163 Cr126 Cr238 Cr363 Cr293 Cr270 Cr309 CrSign in free for the trailing twelve months
EBITDA25 Cr43 Cr59 Cr37 Cr32 Cr64 Cr114 Cr117 Cr106 Cr114 CrSign in free for the trailing twelve months
OPM %17.6%18.4%18.5%18.6%20.0%21.1%23.9%28.6%28.2%27.0%Sign in free for the trailing twelve months
Other income0.37 Cr2 Cr1 Cr0.48 Cr1 Cr0.32 Cr1 Cr3 Cr4 Cr15 CrSign in free for the trailing twelve months
Interest10 Cr11 Cr9 Cr5 Cr4 Cr2 Cr2 Cr1 Cr0.65 Cr0.26 CrSign in free for the trailing twelve months
Depreciation12 Cr15 Cr16 Cr16 Cr14 Cr18 Cr18 Cr18 Cr13 Cr13 CrSign in free for the trailing twelve months
Profit before tax4 Cr19 Cr35 Cr15 Cr16 Cr45 Cr95 Cr101 Cr97 Cr116 CrSign in free for the trailing twelve months
Tax %29.4%-9.9%28.8%46.5%23.2%25.6%25.4%25.7%25.8%25.4%Sign in free for the trailing twelve months
Net profit3 Cr21 Cr25 Cr8 Cr12 Cr33 Cr71 Cr75 Cr72 Cr87 CrSign in free for the trailing twelve months
EPS (₹)₹1.47₹10.31₹12.34₹3.94₹5.94₹16.44₹34.84₹37.06₹35.67₹8.58Sign in free for the trailing twelve months
Dividend payout %————10.1%16.4%16.8%26.7%21.4%19.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr
Reserves64 Cr83 Cr105 Cr108 Cr119 Cr146 Cr205 Cr259 Cr316 Cr385 Cr
Borrowings75 Cr84 Cr52 Cr30 Cr14 Cr63 Cr24 Cr0.08 Cr0.05 Cr—
Other liabilities62 Cr66 Cr55 Cr50 Cr50 Cr57 Cr66 Cr54 Cr63 Cr65 Cr
Total liabilities211 Cr244 Cr222 Cr197 Cr192 Cr276 Cr305 Cr324 Cr389 Cr460 Cr
Fixed assets (net)123 Cr120 Cr115 Cr105 Cr97 Cr109 Cr142 Cr138 Cr142 Cr158 Cr
CWIP0.52 Cr2 Cr0.37 Cr0.02 Cr0.85 Cr5 Cr0.14 Cr0.05 Cr2 Cr1 Cr
Investments0.13 Cr0.10 Cr0.09 Cr0.09 Cr0.09 Cr0.09 Cr10 Cr21 Cr37 Cr79 Cr
Loans & advances——0.10 Cr15 Cr0.11 Cr0.20 Cr2 Cr1 Cr0.67 Cr0.38 Cr
Inventories25 Cr40 Cr24 Cr23 Cr26 Cr62 Cr51 Cr32 Cr43 Cr41 Cr
Trade receivables35 Cr53 Cr57 Cr28 Cr51 Cr75 Cr77 Cr93 Cr98 Cr108 Cr
Cash & bank0.63 Cr0.48 Cr4 Cr0.28 Cr0.07 Cr0.12 Cr0.25 Cr0.0051 Cr0.01 Cr1 Cr
Other assets27 Cr27 Cr23 Cr25 Cr17 Cr25 Cr24 Cr37 Cr68 Cr71 Cr
Total assets211 Cr244 Cr222 Cr197 Cr192 Cr276 Cr305 Cr324 Cr389 Cr460 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity19 Cr13 Cr54 Cr34 Cr24 Cr-0.07 Cr108 Cr68 Cr74 Cr86 Cr
Cash from investing-3 Cr-13 Cr-7 Cr-6 Cr-4 Cr-33 Cr-54 Cr-24 Cr-58 Cr-67 Cr
Cash from financing-16 Cr-22 Cr2 Cr-25 Cr-8 Cr-25 Cr-53 Cr-45 Cr-16 Cr-18 Cr
Net cash flow0.15 Cr-21 Cr49 Cr4 Cr12 Cr-58 Cr0.14 Cr-0.25 Cr0.0067 Cr1 Cr
Free cash flow (OCF − Capex)14 Cr-2 Cr45 Cr28 Cr18 Cr-33 Cr61 Cr50 Cr57 Cr54 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.4%16.8%26.6%13.3%13.5%21.1%40.6%37.8%30.1%29.6%
ROE %4.0%22.3%21.7%6.8%9.3%21.3%32.8%27.8%22.2%22.0%
Debtor days898265521199159839493
Inventory days359269118181257236153137190175
Days payable2091988082141137123104140109
Cash conversion cycle23915410315123519088116144160
OCF / EBITDA %78.2%30.6%92.1%92.1%75.2%-0.1%94.5%58.1%69.5%75.7%
OCF / EBITDA % (3 years)——68.5%73.1%87.9%43.8%62.8%59.6%74.0%67.6%
Debt / equity1.010.910.450.250.110.400.110.00030.0001—
Current ratio0.890.971.391.501.931.351.813.734.015.07
Net debt / EBITDA2.981.950.830.790.440.980.210.00070.0003-0.01