Thaai Casting Ltd
Incorporated in June 2010, Thai Casting Ltd manufactures steel, alloy, and die casts[1]
- Market Cap ₹ 243 Cr.
- Current Price ₹ 105
- High / Low ₹ 201 / 77.2
- Stock P/E 20.7
- Book Value ₹ 36.3
- Dividend Yield 0.00 %
- ROCE 14.9 %
- ROE 15.0 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 70.1 days to 49.2 days
Cons
- Stock is trading at 2.89 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 5m | Mar 2024 10m | Mar 2025 | |
|---|---|---|---|
| 29 | 71 | 107 | |
| 20 | 51 | 81 | |
| Operating Profit | 9 | 20 | 25 |
| OPM % | 32% | 28% | 24% |
| 0 | 0 | 2 | |
| Interest | 1 | 3 | 5 |
| Depreciation | 1 | 2 | 7 |
| Profit before tax | 8 | 14 | 15 |
| Tax % | 26% | 26% | 23% |
| 6 | 11 | 12 | |
| EPS in Rs | 3.28 | 4.61 | 5.07 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 50% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
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| 3 Years: | % |
| 1 Year: | -43% |
| Return on Equity | |
|---|---|
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| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 17 | 23 | 23 |
| Reserves | 6 | 49 | 61 |
| 44 | 46 | 76 | |
| 15 | 17 | 22 | |
| Total Liabilities | 82 | 135 | 182 |
| 41 | 61 | 85 | |
| CWIP | 0 | 3 | 9 |
| Investments | 0 | 1 | 5 |
| 40 | 70 | 83 | |
| Total Assets | 82 | 135 | 182 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -3 | -26 | 10 | |
| -5 | -67 | -45 | |
| 9 | 104 | 25 | |
| Net Cash Flow | 1 | 11 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 154 | 61 | 68 |
| Inventory Days | 426 | 271 | 225 |
| Days Payable | 228 | 113 | 88 |
| Cash Conversion Cycle | 351 | 220 | 206 |
| Working Capital Days | -2 | 91 | 49 |
| ROCE % | 15% |
Documents
Announcements
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General Updates
14 August 2025 - Promoters to subscribe 11.82 lakh warrants in Thaai Casting's preferential issue.
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Shareholders meeting
3 August 2025 - EGM passed resolutions for share capital increase, warrants, equity shares, and convertible debentures issuance.
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Amendment to AOA/MOA
1 August 2025 - Authorized share capital increased to Rs.32.5 crore; new AOA article allows issuing convertible securities.
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Shareholders meeting
1 August 2025 - EGM approved capital increase, new convertible warrants, and preferential share and debenture issuance.
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Corrigendum
22 July 2025 - Corrigendum issued clarifying valuation and shareholding details for preferential issue in EGM notice.
Annual reports
Concalls
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Jun 2025Transcript PPT
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Jan 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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Jun 2024TranscriptPPT
Business Overview:[1]
TCL is an automotive ancillary company, specialising in high-pressure die casting, and precision machining of ferrous and non-ferrous materials and induction heating and quenching, catering to Automotive and Non-Automotive Customers.