Thaai Casting Ltd
Incorporated in 2011, Thaai Casting is an automotive ancillary / precision engineering company specialising in High Pressure Die Casting, precision machining, induction hardening, gas nitriding, gear shaping and Non-Ferrous Materials, Gear Shaping and Heavy Machining, enabling it to deliver end-to-end solutions for diverse industrial needs.[1]
- Market Cap ₹ 291 Cr.
- Current Price ₹ 119
- High / Low ₹ 139 / 74.0
- Stock P/E 28.3
- Book Value ₹ 44.6
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.69 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.2% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 74.0 to 92.6 days.
* 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
Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|
| 29 | 71 | 107 | 123 | |
| 20 | 51 | 81 | 95 | |
| Operating Profit | 9 | 20 | 25 | 28 |
| OPM % | 32% | 28% | 24% | 23% |
| 0 | 0 | 2 | 2 | |
| Interest | 1 | 3 | 5 | 7 |
| Depreciation | 1 | 2 | 7 | 9 |
| Profit before tax | 8 | 14 | 15 | 14 |
| Tax % | 26% | 26% | 23% | 24% |
| 6 | 11 | 12 | 10 | |
| EPS in Rs | 3.28 | 4.61 | 5.07 | 4.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 17 | 23 | 23 | 24 |
| Reserves | 6 | 49 | 61 | 84 |
| 44 | 46 | 76 | 115 | |
| 15 | 19 | 22 | 52 | |
| Total Liabilities | 82 | 137 | 182 | 275 |
| 41 | 61 | 85 | 98 | |
| CWIP | 0 | 3 | 9 | 69 |
| Investments | 0 | 1 | 5 | 1 |
| 40 | 72 | 83 | 107 | |
| Total Assets | 82 | 137 | 182 | 275 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -3 | -25 | 11 | 31 | |
| -5 | -68 | -9 | -78 | |
| 9 | 104 | 25 | 46 | |
| Net Cash Flow | 1 | 11 | 27 | -1 |
| Free Cash Flow | -8 | -92 | 11 | -51 |
| CFO/OP | -12% | -122% | 57% | 123% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Oct 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 154 | 61 | 68 | 93 |
| Inventory Days | 426 | 268 | 225 | 219 |
| Days Payable | 228 | 112 | 88 | 209 |
| Cash Conversion Cycle | 351 | 218 | 206 | 103 |
| Working Capital Days | -2 | 91 | 47 | -9 |
| ROCE % | 15% | 11% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| HPDC Vertical Revenue Share % |
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| HPDC Installed Capacity MT per annum |
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| Number of Customers count |
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| Number of Gas Nitriding Furnaces count |
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| Order Book ₹ Crore |
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| Automotive Revenue Share % |
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| HPDC Capacity Utilization % |
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| HPDC Production Volume MT |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
31 July 2026 - Thaai Casting held virtual investor meetings on July 31, 2026 with Damani Family Office, TRUST Mutual Fund, and CJ Shah Family Office.
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Analysts/Institutional Investor Meet/Con. Call Updates
28 July 2026 - Thaai Casting Limited has informed about Schedule of meet
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Price movement
9 July 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 July 2026 - Regulation 74(5) certificate filed for quarter ended 30 June 2026; no shares dematerialised.
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Analysts/Institutional Investor Meet/Con. Call Updates
4 June 2026 - Thaai Casting held virtual one-to-one analyst/investor meetings on 4 June 2026.
Annual reports
Concalls
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Jun 2026Transcript PPT
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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
Product Profile:[1]
Company manufactures critical automotive components, viz.
a) Engine Mounting Support Brackets
b) Transmission Mounts
c) Fork Shifts and Housings
d) Armature Steering Wheels
e) Electrical Connectors
f) YFG Base Frames for both Right-hand and Left-hand drive sides
g) Housing units
h) Top Covers