Welcast Steels Ltd

Welcast Steels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Welcast Steels Ltd

₹ 858 0.42%
05 Dec - close price
welcaststeels.com BSE: 504988
About

Incorporated in 1972, Welcast Steels Ltd manufactures High Chrome Grinding Media balls

Key Points

Business Overview:[1]
Company is an MSME and majority-owned subsidiary of AIA Engineering Limited which is in the same line of business.

Website BSE
  • Market Cap ₹ 54.9 Cr.
  • Current Price ₹ 858
  • High / Low ₹ 1,398 / 835
  • Stock P/E
  • Book Value ₹ 566
  • Dividend Yield 0.00 %
  • ROCE -1.97 %
  • ROE -1.60 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.8% over past five years.
  • Company has a low return on equity of 6.13% over last 3 years.
  • Debtor days have increased from 28.4 to 35.6 days.

* 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

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Quarterly Results

Figures in Rs. Crores

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
9.57 19.68 21.38 19.36 25.91 20.16 25.62 24.39 16.23 23.08 20.81 22.78 20.65
8.11 20.11 22.77 18.68 25.14 18.77 24.23 25.51 16.41 22.99 20.77 23.43 21.23
Operating Profit 1.46 -0.43 -1.39 0.68 0.77 1.39 1.39 -1.12 -0.18 0.09 0.04 -0.65 -0.58
OPM % 15.26% -2.18% -6.50% 3.51% 2.97% 6.89% 5.43% -4.59% -1.11% 0.39% 0.19% -2.85% -2.81%
0.12 0.19 0.27 0.28 2.30 0.44 0.60 0.51 0.29 0.40 0.48 0.42 -2.63
Interest 0.08 0.03 1.47 0.00 0.10 0.00 0.00 0.00 0.00 0.01 0.06 0.00 0.00
Depreciation 0.18 0.23 0.22 0.17 0.18 0.19 0.20 0.17 0.19 0.20 0.24 0.16 0.18
Profit before tax 1.32 -0.50 -2.81 0.79 2.79 1.64 1.79 -0.78 -0.08 0.28 0.22 -0.39 -3.39
Tax % 18.18% -26.00% -25.62% 25.32% 25.09% 25.00% 25.70% -25.64% -25.00% 60.71% 13.64% -25.64% -4.72%
1.08 -0.37 -2.09 0.59 2.09 1.23 1.35 -0.58 -0.06 0.11 0.19 -0.29 -3.23
EPS in Rs 16.92 -5.80 -32.75 9.24 32.75 19.27 21.15 -9.09 -0.94 1.72 2.98 -4.54 -50.61
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
237.90 203.36 119.62 201.32 233.85 269.62 150.02 97.95 85.97 93.92 91.07 84.50 87.32
231.80 201.64 119.12 198.57 230.75 266.01 149.12 98.00 85.92 89.33 86.57 85.63 88.42
Operating Profit 6.10 1.72 0.50 2.75 3.10 3.61 0.90 -0.05 0.05 4.59 4.50 -1.13 -1.10
OPM % 2.56% 0.85% 0.42% 1.37% 1.33% 1.34% 0.60% -0.05% 0.06% 4.89% 4.94% -1.34% -1.26%
0.40 0.96 0.43 0.61 0.52 0.50 0.81 0.46 0.72 0.42 3.55 1.69 -1.33
Interest 0.65 0.62 0.30 0.13 0.46 0.49 0.43 0.38 0.23 1.71 0.30 0.12 0.07
Depreciation 1.47 1.77 0.95 0.82 0.90 0.84 1.34 1.43 1.08 0.90 0.75 0.79 0.78
Profit before tax 4.38 0.29 -0.32 2.41 2.26 2.78 -0.06 -1.40 -0.54 2.40 7.00 -0.35 -3.28
Tax % 32.19% 106.90% -3.12% 26.56% 29.65% 33.81% 366.67% 30.00% -9.26% -10.42% 25.14% -2.86%
2.98 -0.03 -0.31 1.77 1.59 1.84 -0.26 -1.82 -0.49 2.64 5.25 -0.34 -3.22
EPS in Rs 46.69 -0.47 -4.86 27.73 24.91 28.83 -4.07 -28.52 -7.68 41.37 82.26 -5.33 -50.45
Dividend Payout % 10.74% -426.67% -41.29% 7.23% 8.05% 8.70% 0.00% 0.00% 0.00% 6.06% 3.05% 0.00%
Compounded Sales Growth
10 Years: -8%
5 Years: -11%
3 Years: -1%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: -14%
3 Years: -11%
TTM: -116%
Stock Price CAGR
10 Years: 8%
5 Years: 20%
3 Years: 2%
1 Year: -38%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 6%
Last Year: -2%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64
Reserves 30.41 30.11 29.56 31.25 32.65 34.38 33.78 32.12 31.88 34.67 39.67 39.09 35.50
3.25 9.05 0.00 0.00 5.00 1.20 4.00 3.47 2.84 0.00 0.00 0.00 0.00
17.32 9.69 6.98 15.77 16.92 18.82 11.96 5.28 7.54 10.89 9.51 7.94 11.02
Total Liabilities 51.62 49.49 37.18 47.66 55.21 55.04 50.38 41.51 42.90 46.20 49.82 47.67 47.16
6.17 5.24 4.51 4.59 4.29 6.66 7.90 6.54 7.34 4.59 4.18 3.88 3.55
CWIP 0.00 0.00 0.00 0.16 1.61 0.06 0.00 0.00 0.00 0.09 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.05 18.65 16.81 21.16
45.45 44.25 32.67 42.91 49.31 48.32 42.48 34.97 35.56 24.47 26.99 26.98 22.45
Total Assets 51.62 49.49 37.18 47.66 55.21 55.04 50.38 41.51 42.90 46.20 49.82 47.67 47.16

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.70 -4.79 10.08 0.59 -2.30 5.65 -0.20 2.20 2.78 17.25 3.81 -3.74
-0.47 -1.03 -0.13 -1.04 -2.05 -1.19 -1.86 0.29 -1.31 -14.65 -1.11 2.83
0.96 5.69 -9.49 -0.03 4.41 -4.31 2.26 -0.81 -0.81 -4.47 -0.16 -0.21
Net Cash Flow -0.21 -0.12 0.47 -0.48 0.07 0.15 0.20 1.68 0.67 -1.86 2.54 -1.13

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 5.25 14.25 18.86 12.33 20.48 17.04 22.80 52.13 46.66 20.87 28.70 35.64
Inventory Days 40.70 55.01 62.32 48.35 48.24 44.95 83.04 63.63 106.78 85.34 83.16 73.10
Days Payable 32.35 17.26 16.97 34.54 30.85 22.08 25.19 12.98 33.98 46.70 49.91 35.92
Cash Conversion Cycle 13.60 52.00 64.21 26.14 37.86 39.91 80.65 102.78 119.46 59.51 61.95 72.81
Working Capital Days 27.09 34.77 57.94 38.29 32.84 29.50 48.42 63.80 88.22 38.40 44.85 56.46
ROCE % 14.83% 1.94% -0.09% 8.18% 7.75% 8.70% -0.13% -2.73% -0.87% 12.14% 17.32% -1.97%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 74.85%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.14% 25.14% 25.14% 25.15% 25.14% 25.14% 25.14% 25.14% 25.14% 25.14% 25.14% 25.14%
No. of Shareholders 1,7361,7161,7311,7261,7091,7171,7912,0782,0161,9832,0102,017

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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