Steelcast Ltd
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]
- Market Cap ₹ 1,312 Cr.
- Current Price ₹ 648
- High / Low ₹ 781 / 453
- Stock P/E 17.5
- Book Value ₹ 133
- Dividend Yield 1.04 %
- ROCE 40.1 %
- ROE 30.9 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 25.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.2%
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
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
287 | 144 | 79 | 137 | 134 | 231 | 318 | 201 | 158 | 302 | 477 | 410 | |
240 | 118 | 80 | 111 | 109 | 188 | 259 | 163 | 126 | 238 | 362 | 293 | |
Operating Profit | 48 | 26 | -1 | 26 | 25 | 44 | 59 | 38 | 32 | 64 | 114 | 117 |
OPM % | 17% | 18% | -2% | 19% | 19% | 19% | 19% | 19% | 20% | 21% | 24% | 29% |
1 | 1 | 2 | 0 | 1 | 2 | 1 | 0 | 1 | 0 | 1 | 3 | |
Interest | 10 | 11 | 12 | 14 | 10 | 11 | 10 | 5 | 4 | 2 | 3 | 1 |
Depreciation | 10 | 15 | 12 | 12 | 12 | 15 | 16 | 16 | 14 | 18 | 18 | 18 |
Profit before tax | 29 | 1 | -23 | 0 | 4 | 19 | 35 | 17 | 16 | 45 | 95 | 101 |
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 | |
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 |
Dividend Payout % | 16% | 0% | 0% | 0% | 41% | 13% | 16% | 15% | 23% | 19% | 28% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 5% |
3 Years: | 37% |
TTM: | -14% |
Compounded Profit Growth | |
---|---|
10 Years: | 69% |
5 Years: | 25% |
3 Years: | 86% |
TTM: | 7% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 34% |
3 Years: | 58% |
1 Year: | 33% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 68 | 70 | 51 | 62 | 64 | 83 | 105 | 108 | 119 | 146 | 205 | 260 |
116 | 137 | 144 | 128 | 90 | 93 | 64 | 45 | 23 | 63 | 24 | 0 | |
45 | 26 | 21 | 20 | 47 | 58 | 43 | 35 | 40 | 57 | 66 | 54 | |
Total Liabilities | 238 | 242 | 224 | 220 | 211 | 244 | 222 | 197 | 192 | 276 | 305 | 324 |
116 | 142 | 135 | 134 | 125 | 123 | 117 | 107 | 98 | 109 | 142 | 138 | |
CWIP | 5 | 7 | 5 | 0 | 1 | 2 | 0 | 0 | 1 | 5 | 0 | 0 |
Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 21 |
116 | 93 | 84 | 85 | 85 | 118 | 105 | 90 | 93 | 162 | 153 | 164 | |
Total Assets | 238 | 242 | 224 | 220 | 211 | 244 | 222 | 197 | 192 | 276 | 305 | 324 |
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 | 108 | |||
-52 | -42 | -2 | -6 | -13 | -7 | -6 | -4 | -33 | -54 | |||
20 | 2 | -5 | -16 | -22 | 2 | -25 | -14 | 33 | -53 | |||
Net Cash Flow | -0 | 0 | -4 | 4 | -21 | 49 | 4 | 12 | 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 | 113 | 88 |
Cash Conversion Cycle | 118 | 288 | 475 | 221 | 281 | 176 | 97 | 150 | 244 | 230 | 86 | 111 |
Working Capital Days | 75 | 122 | 203 | 101 | 104 | 103 | 54 | 78 | 122 | 120 | 62 | 97 |
ROCE % | 23% | 6% | -5% | 7% | 7% | 17% | 24% | 13% | 12% | 25% | 42% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of the Earnings Conference call for Q4FY24
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Announcement under Regulation 30 (LODR)-Investor Presentation
30 May - Submission of Investor Presentation under Regulation 30 of the SEBI (LODR) Regulations, 2015.
- Results For The Quarter And Year Ended 31St March 2024 30 May
- Board Meeting Outcome for Outcome Of The 285Th Meeting Of The Board Of STEELCAST LIMITED Held On 30Th May, 2024, At The Registered Office, Ruvapari Road, Bhavnagar 364005 With Video Conferencing (VC) Facility. 30 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Submission of Annual Secretarial Compliance Report under regulation 24A of SEBI (LODR) Regulations, 2015 for the year ended March 31, 2024
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
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Financial Year 2010
from bse
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Financial Year 2009
from bse
Concalls
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Jan 2024TranscriptNotesPPT
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Nov 2023Transcript PPT REC
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Sep 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
Products
Co has a wide range of casting products like Carbon Steel, Low Alloy Steel, High Alloy Steel, Manganese Steel, and other Superior Grades of Wear and Abrasion Resistant Steel Castings produced by Bake and Shell Moulding Processes. They are one of the few companies to manufacture steel castings based on the Sand and Shell Casting Process. [1] [2]