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 ₹ 1,409 Cr.
- Current Price ₹ 696
- High / Low ₹ 760 / 410
- Stock P/E 18.4
- Book Value ₹ 106
- Dividend Yield 0.97 %
- ROCE 42.2 %
- ROE 37.6 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 27.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
- Company has been maintaining a healthy dividend payout of 23.4%
- Debtor days have improved from 89.7 to 59.3 days.
- Company's working capital requirements have reduced from 101 days to 62.2 days
Cons
- Promoter holding has decreased over last quarter: -1.07%
* 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
237 | 287 | 144 | 79 | 137 | 134 | 231 | 318 | 201 | 158 | 302 | 477 | 481 | |
198 | 240 | 118 | 80 | 111 | 109 | 188 | 259 | 163 | 126 | 238 | 362 | 358 | |
Operating Profit | 39 | 48 | 26 | -1 | 26 | 25 | 44 | 59 | 38 | 32 | 64 | 114 | 122 |
OPM % | 17% | 17% | 18% | -2% | 19% | 19% | 19% | 19% | 19% | 20% | 21% | 24% | 25% |
1 | 1 | 1 | 2 | 0 | 1 | 2 | 1 | 0 | 1 | 0 | 1 | 1 | |
Interest | 10 | 10 | 11 | 12 | 14 | 10 | 11 | 10 | 5 | 4 | 2 | 3 | 2 |
Depreciation | 8 | 10 | 15 | 12 | 12 | 12 | 15 | 16 | 16 | 14 | 18 | 18 | 18 |
Profit before tax | 22 | 29 | 1 | -23 | 0 | 4 | 19 | 35 | 17 | 16 | 45 | 95 | 103 |
Tax % | 37% | 32% | 26% | 18% | 69% | 29% | -10% | 29% | 53% | 23% | 26% | 25% | |
14 | 20 | 0 | -18 | 0 | 3 | 21 | 25 | 8 | 12 | 33 | 71 | 77 | |
EPS in Rs | 8.50 | 11.28 | 0.24 | -10.16 | 0.06 | 1.47 | 10.31 | 12.34 | 3.94 | 5.94 | 16.44 | 34.84 | 37.88 |
Dividend Payout % | 18% | 16% | 0% | 0% | 0% | 41% | 13% | 16% | 15% | 23% | 19% | 28% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 16% |
3 Years: | 33% |
TTM: | 32% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 27% |
3 Years: | 107% |
TTM: | 82% |
Stock Price CAGR | |
---|---|
10 Years: | 35% |
5 Years: | 34% |
3 Years: | 91% |
1 Year: | 62% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 22% |
3 Years: | 25% |
Last Year: | 38% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |
Reserves | 54 | 68 | 70 | 51 | 62 | 64 | 83 | 105 | 108 | 119 | 146 | 205 |
85 | 116 | 137 | 144 | 128 | 90 | 93 | 64 | 45 | 23 | 63 | 24 | |
37 | 45 | 26 | 21 | 20 | 47 | 58 | 43 | 35 | 40 | 57 | 66 | |
Total Liabilities | 180 | 238 | 242 | 224 | 220 | 211 | 244 | 222 | 197 | 192 | 276 | 305 |
78 | 116 | 142 | 135 | 134 | 125 | 123 | 117 | 107 | 98 | 109 | 142 | |
CWIP | 1 | 5 | 7 | 5 | 0 | 1 | 2 | 0 | 0 | 1 | 5 | 0 |
Investments | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 |
101 | 116 | 93 | 84 | 85 | 85 | 118 | 105 | 90 | 93 | 162 | 153 | |
Total Assets | 180 | 238 | 242 | 224 | 220 | 211 | 244 | 222 | 197 | 192 | 276 | 305 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12 | 32 | 40 | 3 | 26 | 13 | 54 | 34 | 29 | -0 | 108 | ||
-24 | -52 | -42 | -2 | -6 | -13 | -7 | -6 | -4 | -33 | -54 | ||
15 | 20 | 2 | -5 | -16 | -22 | 2 | -25 | -14 | 33 | -53 | ||
Net Cash Flow | 3 | -0 | 0 | -4 | 4 | -21 | 49 | 4 | 12 | 0 | 0 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 67 | 57 | 86 | 140 | 97 | 94 | 83 | 65 | 52 | 119 | 91 | 59 |
Inventory Days | 153 | 130 | 291 | 512 | 214 | 447 | 349 | 99 | 180 | 276 | 330 | 139 |
Days Payable | 82 | 69 | 89 | 177 | 90 | 260 | 256 | 67 | 82 | 151 | 192 | 113 |
Cash Conversion Cycle | 138 | 118 | 288 | 475 | 221 | 281 | 176 | 97 | 150 | 244 | 230 | 86 |
Working Capital Days | 85 | 75 | 122 | 203 | 101 | 104 | 103 | 54 | 78 | 122 | 120 | 62 |
ROCE % | 26% | 23% | 6% | -5% | 7% | 7% | 17% | 24% | 13% | 12% | 25% | 42% |
Documents
Announcements
- Closure of Trading Window 27 Sep
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Sep - Of Analyst / Institutional Investor meetings under the SEBI (LODR), Regulations 2015
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Sep - Of Analyst / Institutional Investor meetings under the SEBI (LODR), Regulations 2015
- Business Responsibility and Sustainability Reporting (BRSR) 3 Sep
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 Aug - Transcript of the earnings conference call for the Q1FY24 ended on June 30, 2023 conducted on 04.08.2023
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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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
from bse
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Financial Year 2010
from bse
Concalls
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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]