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Swing Capital

Steelcast Ltd

NSE: STEELCAS BSE: 513517Metal

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]

₹276
52W: ₹172 — ₹320
PE 30.8 · Book ₹35.6 · +675% vs book
Market Cap₹2,788 Cr
Stock P/E30.8Price to Earnings
ROCE32.9%Return on Capital
ROE24.2%Return on Equity
Div. Yield0.52%Face Value ₹1

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has delivered good profit growth of 55.6% CAGR over last 5 years
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%
  • +Company has been maintaining a healthy dividend payout of 22.7%

Weaknesses

  • −Stock is trading at 7.77 times its book value
  • −Debtor days have increased from 78.8 to 94.6 days.
  • −Working capital days have increased from 80.9 days to 117 days

Shareholding Pattern

Promoters45%
FIIs0.25%
DIIs2.53%
Public52.23%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters45%45%45%45%45%45%45%45%
FIIs0.06%0.1%▲0.00.16%▲0.10.24%▲0.10.37%▲0.10.19%▼0.20.22%▲0.00.25%▲0.0
DIIs0.29%0%▼0.30%0.3%▲0.30.86%▲0.61.11%▲0.32.23%▲1.12.53%▲0.3
Public54.65%54.9%▲0.354.83%▼0.154.46%▼0.453.77%▼0.753.69%▼0.152.56%▼1.152.23%▼0.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1029098777510212010710797
Expenses73637058567383797670
Operating Profit29272920192838273028
OPM %28%30%29%25%25%28%31%26%28%28%
Net Profit19171913131927202321
EPS ₹1.841.721.851.281.311.92.651.962.292.03

AI Insights

Revenue Trend

TTM revenue at ₹431Cr, up 14.6% YoY. OPM at 28%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹6Cr (4% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 2.53% (+2.47pp change). FIIs: 0.25% (-0.02pp change). Promoters hold 45%.

Margin & Efficiency

ROCE improving from 6% (Mar 2014) to 33% (Mar 2025). Working capital days: 117.

Valuation

PE 30.8x with 32.9% ROCE. Price is 675% above book value of ₹35.6. Dividend yield: 0.52%.

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