Steelcast Ltd

About [ edit ]

Steelcast is engaged in the Business of Steel casting. Catering to OEMs for Industry sectors like Earth Moving, Mining & Mineral Processing, Steel Plants, Cement, Thermal & Hydro Power, Valves & Pumps, Electro Locomotive, Aerobridge, Oil Field, Shipping and General Engineering.

  • Market Cap 279 Cr.
  • Current Price 138
  • High / Low 157 / 63.0
  • Stock P/E 51.4
  • Book Value 59.6
  • Dividend Yield 0.44 %
  • ROCE 12.8 %
  • ROE 6.79 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.30% CAGR over last 5 years
  • Debtor days have improved from 66.63 to 51.55 days.

Cons

  • Company's cost of borrowing seems high
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
72.60 77.06 83.53 78.05 79.29 65.59 58.48 43.80 32.71 23.71 34.79 43.75
59.41 62.06 68.95 63.40 64.77 52.18 46.09 34.93 30.07 19.90 27.42 34.44
Operating Profit 13.19 15.00 14.58 14.65 14.52 13.41 12.39 8.87 2.64 3.81 7.37 9.31
OPM % 18.17% 19.47% 17.45% 18.77% 18.31% 20.45% 21.19% 20.25% 8.07% 16.07% 21.18% 21.28%
Other Income 0.14 0.54 0.53 0.21 0.13 0.09 0.19 0.08 0.13 0.34 0.73 0.18
Interest 2.80 2.71 2.73 2.06 1.95 1.55 1.08 1.16 0.93 0.84 1.01 0.75
Depreciation 3.73 3.93 3.95 3.89 3.88 3.98 4.02 4.02 4.03 2.91 2.92 4.04
Profit before tax 6.80 8.90 8.43 8.91 8.82 7.97 7.48 3.77 -2.19 0.40 4.17 4.70
Tax % -2.50% 11.01% 50.18% 17.17% 37.98% 45.42% 44.79% 56.23% 1.83% 27.50% 15.59% 19.57%
Net Profit 6.98 7.92 4.20 7.38 5.47 4.35 4.13 1.65 -2.16 0.30 3.51 3.78
EPS in Rs 3.45 3.91 2.08 3.65 2.70 2.15 2.04 0.82 -1.07 0.15 1.73 1.87

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
128 95 133 237 287 144 79 137 134 231 318 201 135
116 84 118 198 240 118 80 111 109 188 259 163 112
Operating Profit 12 11 16 39 48 26 -1 26 25 44 59 38 23
OPM % 9% 12% 12% 17% 17% 18% -2% 19% 19% 19% 19% 19% 17%
Other Income 5 1 1 1 1 1 2 0 1 2 1 0 1
Interest 6 3 5 10 10 11 12 14 10 11 10 5 4
Depreciation 4 5 5 8 10 15 12 12 12 15 16 16 14
Profit before tax 7 4 6 22 29 1 -23 0 4 19 35 17 7
Tax % 41% 33% 30% 37% 32% 26% 18% 69% 29% -10% 29% 53%
Net Profit 4 3 4 14 20 0 -18 0 3 21 25 8 5
EPS in Rs 2.74 8.50 11.28 0.24 -10.16 0.06 1.47 10.31 12.34 3.94 2.68
Dividend Payout % 17% 21% 19% 18% 16% 0% 0% 0% 41% 13% 16% 15%
Compounded Sales Growth
10 Years:8%
5 Years:20%
3 Years:14%
TTM:-45%
Compounded Profit Growth
10 Years:11%
5 Years:19%
3 Years:53%
TTM:-65%
Stock Price CAGR
10 Years:19%
5 Years:12%
3 Years:-8%
1 Year:100%
Return on Equity
10 Years:10%
5 Years:13%
3 Years:17%
Last Year:7%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4 4 4 4 9 9 9 10 10 10 10 10 10
Reserves 34 37 41 54 68 70 51 62 64 83 105 108 110
Borrowings 43 40 65 85 116 137 144 128 90 93 64 45 14
11 15 20 37 45 26 21 20 47 58 43 35 47
Total Liabilities 91 95 130 180 238 242 224 220 211 244 222 197 182
34 37 61 78 116 142 135 134 125 123 117 107 101
CWIP 4 0 1 1 5 7 5 0 1 2 0 0 0
Investments 0 0 0 0 1 0 0 0 0 0 0 0 0
54 58 67 101 116 93 84 85 85 118 105 90 80
Total Assets 91 95 130 180 238 242 224 220 211 244 222 197 182

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
21 11 1 12 32 40 3 26 13 54 34
-7 -4 -30 -24 -52 -42 -2 -6 -13 -7 -6
-6 -6 21 15 20 2 -5 -16 -22 2 -25
Net Cash Flow 8 1 -8 3 -0 0 -4 4 -21 49 4

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 16% 9% 12% 26% 23% 6% -5% 7% 7% 17% 24% 13%
Debtor Days 60 86 80 67 57 86 140 97 94 83 65 52
Inventory Turnover 3.67 2.67 3.12 4.00 3.91 1.73 1.18 2.22 1.92 2.48 4.16 3.32

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
45.79 45.79 45.79 45.79 45.79 46.07 42.12 42.12 42.12 44.09 44.09 44.09
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.03 0.03 0.03 0.03 0.02
0.68 0.68 0.68 0.81 0.81 0.83 0.00 1.29 1.29 1.29 1.38 1.38
53.52 53.52 53.52 53.40 53.40 53.09 57.87 56.56 56.56 54.59 54.49 54.50

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