Steelcast Ltd

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

Steelcast Ltd

₹ 696 -2.11%
29 Sep - close price
steelcast.net BSE: 513517 NSE : STEELCAS
About

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]

Key Points

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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
24 35 44 55 53 77 79 93 116 121 120 120 119
20 27 34 44 41 59 62 75 92 93 89 89 87
Operating Profit 4 7 9 11 12 18 17 18 24 28 31 31 32
OPM % 16% 21% 21% 20% 22% 23% 21% 19% 21% 23% 26% 26% 27%
0 1 0 0 0 0 0 0 0 1 0 0 0
Interest 1 1 1 1 0 0 1 0 1 1 1 0 0
Depreciation 3 3 4 4 4 5 4 4 5 5 4 4 5
Profit before tax 0 4 5 6 7 13 11 13 19 24 26 26 28
Tax % 28% 16% 20% 31% 26% 25% 26% 26% 25% 25% 25% 26% 27%
0 4 4 4 5 10 9 10 14 18 19 20 20
EPS in Rs 0.15 1.73 1.87 2.19 2.61 4.85 4.22 4.76 6.99 8.68 9.53 9.65 10.02
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
44.09% 44.09% 44.09% 46.07% 46.07% 46.07% 46.07% 46.07% 46.07% 46.07% 46.07% 45.00%
0.03% 0.03% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.11% 0.25% 0.09% 0.27%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06%
1.29% 1.38% 1.38% 1.38% 1.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
54.59% 54.49% 54.50% 52.53% 52.53% 53.91% 53.91% 53.91% 53.84% 53.69% 53.85% 54.67%
No. of Shareholders 3,6123,5013,3623,3843,4443,4773,5773,5064,2085,4015,7477,333

* 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.

Click on the line-items to see the names of individual entities.

Documents

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