Thaai Casting Ltd
Incorporated in June 2010, Thai Casting Ltd manufactures steel, alloy, and die casts[1]
- Market Cap ₹ 220 Cr.
- Current Price ₹ 90.4
- High / Low ₹ 137 / 77.2
- Stock P/E 19.6
- Book Value ₹ 43.1
- Dividend Yield 0.00 %
- ROCE 14.9 %
- ROE 15.0 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 69.2 days to 47.5 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.17%
- Company might be capitalizing the interest cost
* 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 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 29 | 71 | 107 | 111 | |
| 20 | 51 | 81 | 85 | |
| Operating Profit | 9 | 20 | 25 | 26 |
| OPM % | 32% | 28% | 24% | 23% |
| 0 | 0 | 2 | 2 | |
| Interest | 1 | 3 | 5 | 7 |
| Depreciation | 1 | 2 | 7 | 8 |
| Profit before tax | 8 | 14 | 15 | 13 |
| Tax % | 26% | 26% | 23% | |
| 6 | 11 | 12 | 11 | |
| EPS in Rs | 3.28 | 4.61 | 5.07 | 4.75 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 17 | 23 | 23 | 24 |
| Reserves | 6 | 49 | 61 | 80 |
| 44 | 46 | 76 | 101 | |
| 15 | 19 | 22 | 17 | |
| Total Liabilities | 82 | 137 | 182 | 223 |
| 41 | 61 | 85 | 85 | |
| CWIP | 0 | 3 | 9 | 31 |
| Investments | 0 | 1 | 5 | 3 |
| 40 | 72 | 83 | 104 | |
| Total Assets | 82 | 137 | 182 | 223 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -3 | -25 | 11 | |
| -5 | -68 | -9 | |
| 9 | 104 | 25 | |
| Net Cash Flow | 1 | 11 | 27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 154 | 61 | 68 |
| Inventory Days | 426 | 268 | 225 |
| Days Payable | 228 | 112 | 88 |
| Cash Conversion Cycle | 351 | 218 | 206 |
| Working Capital Days | -2 | 91 | 47 |
| ROCE % | 15% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Capacity Utilization (Casting & Machining) % |
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| Installed Capacity - High Pressure Die Casting Tones |
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| Number of Customers Number |
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| Team Size Number |
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| Order Book Value ₹ Cr |
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| Revenue Mix - Automotive Sector % |
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| Revenue Mix - Non-Automotive Sector % |
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Documents
Announcements
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Outcome of Board Meeting
6 March 2026 - Only digital signatures and timestamps; no substantive announcement.
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Analysts/Institutional Investor Meet/Con. Call Updates
4 March 2026 - Thaai Casting: virtual investor group meeting at Bharat Connect Conference on Mar 11, 2026, 03:00-04:00.
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General Updates
24 February 2026 - Thaai Foundation received CSR-1 certificate (CSR00105938) dated 24-02-2026; 12A AAFTT4030LE20251; 80G AAFTT4030LF20261.
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Analysts/Institutional Investor Meet/Con. Call Updates
20 February 2026 - Virtual analysts/investor meeting on 20 Feb 2026, 04:00–04:50 PM with institutional participants.
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Analysts/Institutional Investor Meet/Con. Call Updates
16 February 2026 - Virtual investor group meeting on Feb 20, 2026; discussions on public information.
Annual reports
Concalls
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Nov 2025TranscriptPPT
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Jun 2025Transcript PPT
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Jan 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT
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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.