Is Steelcast a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Steelcast Ltd is a average quality company .

Is Steelcast undervalued or overvalued?

The key valuation ratios of Steelcast Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Steelcast share price return in the past 10 years?

Steelcast Ltd share price has appreciated 34.1% annually (CAGR) over the past ten years.

Is Steelcast a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Steelcast Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Steelcast Ltd - Stock Valuation and Financial Performance

Name: Steelcast
Brand: Steelcast

BSE: 513517 | NSE: STEELCAS | Castings/Forgings | Small Cap

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Steelcast Share Price

₹749.50 -0.35 -0.05%
as on 21-Nov'24 16:59

10 Year X-Ray of Steelcast:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-5.2%	7.1%	7.9%	17.4%	24.6%	12.9%	12.4%	25.1%	42.8%	40.2%	-
Value Creation Index ⓘ	-1.4	-0.5	-0.4	0.2	0.8	-0.1	-0.1	0.8	2.1	1.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	79.5	137	134	231	318	201	158	302	477	410	342
Sales YoY Gr.	-	72.3%	-2%	72.3%	37.5%	-36.9%	-21.4%	91.5%	57.9%	-14.1%	-
Adj EPS ⓘ	-10.2	0.1	1.2	10.2	12.1	3.9	5.8	16.4	34.6	36.8	30.8
YoY Gr.	-	NA	1437.5%	732.5%	17.7%	-67.7%	48.3%	183.7%	111.2%	6.3%	-
BVPS (₹) ⓘ	32.9	35.5	36.6	46.1	56.8	58.3	63.6	77.4	106.3	133.2	141.6
Adj Net Profit ⓘ	-18.6	0.2	2.5	20.7	24.4	7.9	11.7	33.1	70	74.4	62
Cash Flow from Ops. ⓘ	3.4	25.7	19.5	13.2	54.1	34.4	29.3	-0.1	107	68.1	-
Debt/CF from Ops. ⓘ	41.8	5	4.6	7	1.2	1.3	0.8	-951.5	0.2	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	20%	5.2%	37.5%	-14.1%
Adj EPS ⓘ	NA	25%	85.4%	6.3%
BVPSⓘ	16.8%	18.6%	27.9%	25.3%
Share Price	34.1%	45%	35%	22.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-26.8	0.2	3.4	24.8	23.4	6.8	9.5	23.2	37.7	30.7	22.4
Op. Profit Mgn % ⓘ	-1.2	19.2	19.1	18.9	18.6	18.8	20	21.2	24	28.7	28
Net Profit Mgn % ⓘ	-23.4	0.1	1.9	9	7.7	3.9	7.4	11	14.7	18.2	18.2
Debt to Equity ⓘ	2.4	1.8	1.2	1	0.6	0.4	0.2	0.4	0.1	0	0
Working Cap Days ⓘ	348	205	206	156	124	170	206	152	118	134	85
Cash Conv. Cycle ⓘ	217	120	113	79	68	93	114	93	63	72	64

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 37.47%

Net Profit is growing at healthy rate in last 3 years 85.40%

Return on Equity has declined versus last 3 years average to 22.40%

Sales growth is not so good in last 4 quarters at -25.77%

Latest Financials - Steelcast Ltd.

	Standalone	Consolidated
TTM EPS (₹)	30.8	-
TTM Sales (₹ Cr.)	342	-
BVPS (₹.) ⓘ	141.6	-
Reserves (₹ Cr.) ⓘ	276	-
P/BV ⓘ	5.30	-
PE ⓘ	24.34	-

From the Market
52 Week Low / High (₹)	575.40 / 850.15
All Time Low / High (₹)	0.31 / 850.15
Market Cap (₹ Cr.)	1,518
Equity (₹ Cr.)	10.1
Face Value (₹)	5
Industry PE ⓘ	30.9

Management X-Ray of Steelcast:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Steelcast

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Steelcast

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	80	137	134	231	318	201	158	302	477	410
Operating Expenses ⓘ	81	111	109	188	259	163	126	238	362	292
Manufacturing Costs	44	54	63	112	128	83	66	133	176	135
Material Costs	20	32	20	42	88	47	34	68	133	102
Employee Cost	10	12	15	20	26	23	20	28	37	41
Other Costs ⓘ	7	12	11	14	17	11	7	9	16	14
Operating Profit ⓘ	-1	26	25	44	59	38	32	64	114	117
Operating Profit Margin (%)	-1.6%	19.1%	18.8%	18.8%	18.6%	18.8%	20.0%	21.2%	24.0%	28.7%
Other Income ⓘ	1	0	0	2	1	0	2	0	2	3
Interest ⓘ	12	14	10	11	10	5	4	2	4	1
Depreciation ⓘ	12	12	12	15	16	16	14	18	18	18
Exceptional Items ⓘ	0	0	1	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-23	0	4	19	35	17	16	45	95	101
Tax ⓘ	-4	0	1	-2	10	9	4	11	24	26
Profit After Tax	-19	0	3	21	25	8	12	33	71	75
PAT Margin (%)	-23.3%	0.1%	2.2%	9.0%	7.9%	4.0%	7.6%	11.0%	14.8%	18.3%
Adjusted EPS (₹)	-10.2	0.1	1.5	10.3	12.3	3.9	5.9	16.4	34.8	37.1
Dividend Payout Ratio (%)	0%	0%	41%	13%	16%	15%	23%	19%	28%	19%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	60	72	74	93	115	118	129	157	215	270
Share Capital ⓘ	9	10	10	10	10	10	10	10	10	10
Reserves ⓘ	51	62	64	83	105	108	119	146	205	259
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	123	107	75	84	52	30	14	63	24	0
Long Term Debt	50	52	26	14	28	12	9	0	0	0
Short Term Debt	73	56	49	70	25	17	5	63	24	0
Trade Payables	10	8	14	30	16	10	14	36	44	25
Others Liabilities ⓘ	31	33	47	36	39	39	36	21	22	29
Total Liabilities ⓘ	224	220	211	244	222	197	192	276	305	324
Fixed Assets
Gross Block	210	222	137	150	149	154	159	185	232	242
Accumulated Depreciation	76	88	12	27	32	48	61	76	90	104
Net Fixed Assetsⓘ	135	134	125	123	117	107	98	109	142	138
CWIP ⓘ	5	0	1	2	0	0	1	5	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	10	21
Inventories	28	19	25	40	24	23	26	62	51	32
Trade Receivables	30	36	35	53	57	28	51	75	77	93
Cash Equivalents	4	8	2	1	6	2	1	2	3	12
Others Assetsⓘ	22	22	23	24	18	37	15	23	22	26
Total Assets ⓘ	224	220	211	244	222	197	192	276	305	324

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	3	26	19	13	54	34	29	0	107	68
PBT ⓘ	-23	0	4	19	35	17	16	45	95	101
Adjustment ⓘ	20	23	20	22	23	20	16	19	19	16
Changes in Working Capital ⓘ	6	2	-4	-26	7	7	1	-51	17	-24
Tax Paid ⓘ	0	0	-1	-1	-11	-10	-3	-13	-24	-25
Cash Flow From Investing Activity ⓘ	-2	-6	-3	-13	-7	-6	-4	-33	-53	-24
Capex	-3	-7	-4	-14	-7	-6	-4	-33	-45	-14
Net Investments	0	0	0	0	0	0	0	0	-9	-11
Others ⓘ	1	0	0	1	1	0	1	0	1	1
Cash Flow From Financing Activityⓘ	-5	-16	-16	-22	2	-25	-14	33	-54	-45
Net Proceeds from Shares ⓘ	0	12	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-20	2	-7	-11	14	-15	-9	-18	0	0
Interest Paid ⓘ	-10	-11	-9	-9	-8	-5	-3	-1	-3	-1
Dividend Paid ⓘ	0	0	0	-1	-3	-4	-1	-5	-12	-20
Others ⓘ	25	-18	0	0	-1	-1	0	58	-39	-24
Net Cash Flow ⓘ	-4	4	0	-21	49	4	12	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-26.64	0.2	4.08	24.92	23.98	6.85	9.75	23.32	37.94	30.94
ROCE (%)	-5.23	7.07	7.91	17.42	24.61	12.91	12.37	25.05	42.8	40.2
Asset Turnover Ratio	0.37	0.63	0.66	1.03	1.37	0.96	0.82	1.29	1.64	1.31
PAT to CFO Conversion(x)	N/A	N/A	6.33	0.62	2.16	4.25	2.42	0	1.51	0.91
Working Capital Days
Receivable Days	136	87	91	68	63	77	91	76	58	76
Inventory Days	116	61	56	51	37	43	56	53	43	37
Payable Days	166	99	203	190	95	104	131	133	109	123

Steelcast Ltd Stock News

Steelcast Ltd FAQs

What is the share price of Steelcast?

Company share prices are keep on changing according to the market conditions. The closing price of Steelcast on 21-Nov-2024 16:59 is ₹749.5.

What is the market cap of Steelcast?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Steelcast stood at ₹1,517.7.

What is the P/E ratio of Steelcast?

The latest P/E ratio of Steelcast as of 21-Nov-2024 16:59 is 24.34.

What is the P/B ratio of Steelcast?

The latest P/B ratio of Steelcast as of 21-Nov-2024 16:59 is 5.30.

What is the 52-week high and low of Steelcast?

The 52-week high of Steelcast is ₹850.1 and the 52-week low is ₹575.4.

What is the TTM revenue of Steelcast?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steelcast is ₹342.3 ( Cr.) .

About Steelcast Ltd

Steelcast Ltd was established as a partnership firm in the year 1960 and was converted into a private company in 1972 and in the year 1988, it was converted into a deemed public company. The company caters to earthmoving equipment manufacturers, heavy electrical equipment manufacturers, mining, mineral processing equipment manufacturers, OFE valve manufacturers, general engineering equipment manufacturers and end users like cement plants, mining & mineral processing units, thermal power plants and steel plants.

The special strength of the company is in being able to successfully meet the challenges of an environment demanding continuously higher quality products. It has been recognized as leader in its principal product line of high integrity castings. It has norms and systems for quality assurance covering all stages, including a methodology for complete documentation, auditing and continuous self-correction.

Product range of the company includes:

Carbon Steel
Low Alloy Steel
High Alloy Steel
Hadfield Manganese Steel
Other Superior Grades of Wear and Abrasion Resistant Steel Castings

Milestones:

1960: Established as a Partnership Firm
1972: Converted into a Private Limited Company
1988: Converted into a Deemed Public Limited Company
1994: Public issue with equity participation from M/s. Kurimoto Ltd., Japan
1995: Certified under ISO 9002 by RWTUV, Germany.
1999: Certified under ISO 9001 by RWTUV, Germany.
2006: Certified under ISO 14001 by TUV NORD, Germany.
2006: Certified under OHSAS 18001 by TUV NORD, Germany.

Achievements/ recognition:

Certified under ISO 9002 by RWTUV, Germany in 1995.
Certified under ISO 9001 by RWTUV, Germany 1999.
Certified under ISO 14001 by TUV NORD, Germany 2006.
Certified under OHSAS 18001 by TUV NORD, Germany 2006.

Awards

Certificate of appreciation from the Earth Moving Equipment Division of Hindustan Motors Limited, India (presently known as Caterpillar India Pvt. Ltd.) for:
Best Performance in Quality & Delivery in the supply of Steel Castings for 4 consecutive years.
Outstanding performance in consistently supplying Steel Castings complying to TEREX Worldwide quality standards.
Recipient of Shri Laxmanrao Kirloskar Best Foundry Award from the Institute of Indian Foundrymen.
Recipient of Certificate of Export Excellence in 2005 & 2006 and SILVER SHIELD in the category of Star Performers in 2007 & 2008 in the product group of Industrial Castings in Large Enterprises by Engineering Export Promotion Council (EEPC).
Certificate of recognition by Bhavnagar Municipal Corporation for valuable contribution towards Greening & Beautifying the City of Bhavnagar.
Letter of appreciation from the Gujarat State Electricity Board, India, for Adopting Energy Conservation Measures in plant.
Recipient of Chamber-Excel Excellence Award for the year 2005-06 from Saturashtra Chamber of Commerce & Industry for Excellence in Energy Conservation in last 3 years.
â€œBest Vendor (Category-Castings)â€ award from M/s. Bharat Earth Movers Ltd., Bangalore, in recognition of outstanding performance in supply of materials during 2006-07.
Recipient of Award for achieving Highest Rating in the ranking of Indiaâ€™s Top 500 manufacturing Small & Mid Sized companies for 2007 from Industry 2.0.