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STEELCAS — Steelcast Limited

NSE · Materials · Mid Cap · Mkt cap ₹38.2B · Vol 169.8K

₹377.20

▲ +5.42% today

Live · market · updated 7:09:35 PM

Day ₹366.10–₹380.10 · 52w ₹176.02–₹390.90

Research Steelcast Limited (NSE: STEELCAS) using available valuation, profitability and leverage data. Check each figure's source and compare reporting periods before drawing conclusions. Missing provider data must not be treated as a reported company fact.

About Steelcast Limited

Listed company
Steelcast Limited
Exchange and ticker
NSE stock directory · STEELCAS
Provider sector
Basic Materials
Provider industry
Steel

Steelcast Limited manufactures and sells steel and alloy castings in India. The company offers adapter and tooth point, front axle spindle, axle housing, component for backhoe loader, track shoe, cross member, tilt lever, spindle, sprocket, steering case, lift arm, drive tube, saddle, and support; apron pan assembly, cutting edge, idler, rack and pinion, fork type corner tooth, box type tooth point, tooth point and adapter, countinuos drag chain, deck panel, jaw plate, bowl liner, cutter, track shoe assembly, hammer, ring hammer, linkage, bearing support, tri power hub, track link, and bowl and mantle; and side frame, coupler body, and bolster. It also provides grate bar; blow bar, cooler grate plate, zet ring, drag chain link, hammer, chamber shell liner, diaphragm plate, cement mill liner, inside view of cement mill, and cooler plate and segmental tip, as well as grinding segment, roller, tyre, and table segment; and guide vane, hollow ball, plain and toothed ring hammer, turbine body casing, and grinding roller. In addition, the company offers valve body, bonnet, yoke, wedge, and pump-body casing and impeller, and wedge; pressure plate, support coil, bearing housing, cylinder head, and commercial chamber; centre wheel; body casing equipment; anchor and shank assembly, and segment feeder; and car shredding hammer, gate valve, valve and bonnet, deflector, fifth wheel, impeller, plastic injection mold plate, steel back tyre, and suction guide. It serves its products for earth moving, mining and mineral processing, railway, steel plants, cement, energy, valves and pumps, electro locomotive, aerobridge, oil exploration, shipping, and general engineering industries. It also exports its products in Germany, the United States, Thailand, Singapore, Mexico, Brazil, Denmark, Slovakia, Poland, South Korea, Japan, China, Australia, Israel, and Canada. The company was founded in 1960 and is headquartered in Bhavnagar, India.

Source: Yahoo Finance — Steelcast Limited company profileCompany website

Financial statements and reporting periods

Available ratios are snapshots. This page does not provide a complete historical quarterly-results, profit-and-loss, balance-sheet or shareholding series. Use company filings to verify reporting periods, accounting changes and trends.

DeepScreen verdict

Caution
47
47

Weighted 13-factor score / 100

Steelcast Limited scores 47/100 on the DeepScreen quality-and-value model. Growth is running near 17% with a PEG of 2.2, ROCE of 17.1% and debt/equity at 0.69x. Valuation, leverage or returns are stretched relative to what the business currently earns.

Strengths

  • + ROE and ROCE both above 15% (23.0% / 17.1%) — genuine capital efficiency, not just debt-flattered equity returns.
  • + LT Debt / Equity: 0.43x — moderate long-term leverage
  • + Debt / Equity: 0.69x — manageable
  • + Payout Ratio: 0% — full reinvestment — no dividend

Risks

  • − EV/Revenue: 8.43x — high for an asset-heavy business
  • − EV/EBITDA: 31.3x — high multiple
  • − P/B Ratio: 9.66x — premium to book
  • − P/S Ratio: 8.65x — rich sales multiple

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Why this score?

The 47/100 score is a weighted average of 13 fundamental factors. This panel shows which factor scores contribute most to the current model result.

Model explanation

Highest-scoring factors

LT Debt / Equity83/100 · 0.8× weight

Moderate long-term leverage. Weighted contribution: 5.2 points.

Debt / Equity78/100 · 1.1× weight

Manageable. Weighted contribution: 6.7 points.

Payout Ratio75/100 · 0.5× weight

Full reinvestment — no dividend. Weighted contribution: 2.9 points.

ROA74/100 · 0.9× weight

Assets working hard. Weighted contribution: 5.2 points.

Lowest-scoring factors

EV/EBITDA5/100 · 1.2× weight

High multiple. Weighted contribution: 0.5 points.

EV/Revenue5/100 · 0.8× weight

High for an asset-heavy business. Weighted contribution: 0.3 points.

P/B Ratio9/100 · 0.7× weight

Premium to book. Weighted contribution: 0.5 points.

P/S Ratio34/100 · 0.7× weight

Rich sales multiple. Weighted contribution: 1.9 points.

Factor scores are model outputs, not forecasts. A high or low factor score describes how that metric is treated by the DeepScreen rules; review the underlying value and its source before drawing a broader conclusion.

Live fundamentals snapshot

Current operating, capital-efficiency and cash-flow metrics using the latest available provider data. Indian ratios are supplemented by Screener.in when available.

Live where available
Updated 7:09:35 PM
Revenue growthLive
17.0%

Provider-reported period-over-period growth

Earnings growthLive
19.1%

Provider-reported period-over-period growth

ROELive
23.0%

Return on equity

ROCEModeled
17.1%

Return on capital employed

Net marginLive
20.6%

Net income as a share of revenue

D/EModeled
0.7x

Debt relative to shareholder equity

Free cash flowModeled
Unavailable

Latest provider figure

Cash vs debtLive
Net cash

Cash ₹977.6M · Debt ₹0

Earnings growth is 2.1 percentage points above revenue growth in the latest provider snapshot.

Provider periods can differ by field. Growth figures are presented as reported by the upstream provider; they are not reconstructed from an expensive historical time series.

Current research alerts

Threshold-based research checks from the latest available fundamentals. These are on-page signals, not push notifications or predictions.

No threshold-based research flag

ROE and ROCE both above 15% (23.0% / 17.1%) — genuine capital efficiency, not just debt-flattered equity returns.

Signals are intended to highlight questions for research, not replace company filings or independent review.

Closest peer competitors

Industry match: Steel. Peers use the same regional market universe, same sector, provider-reported industry where available, and market-cap proximity.

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Peer fundamentals are still loading. The comparison will populate automatically when comparable company data arrives.

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God's Eye forensics

Accounting quality and solvency screens. Anything that can't be computed from available filings data is left blank rather than estimated.

Piotroski F-Score

5/5

5

5 of 5 financial-health checks passed (4 checks need data this provider doesn't publish).

Altman Z-Score

Insufficient data

—

Needs total assets, operating profit and debt — not published for this listing yet.

Beneish (earnings quality)

Insufficient data

—

The full manipulation model needs two years of receivables, depreciation and accrual data, which isn't published for this listing.

Scores are free. The criteria-by-criteria breakdown — exactly which checks this company failed — is part of DeepScreen Pro.

Fundamental breakdown — core ratios are free · EV/Revenue, PEG, EV/EBITDA and LT D/E are Pro-only live via Yahoo Finance, updated 7:09:35 PM

P/E Ratio (TTM)

Live

42.1x

Expensive — priced for high growth

Price divided by earnings per share: how much you pay today for ₹1/$1 of annual profit. Only compare within the same industry.

PEG Ratio

Live

Pro

Advanced ratio · DeepScreen Pro

Pro

P/S Ratio

Live

8.65x

Rich sales multiple

Price relative to revenue. Sales are much harder to accounting-fudge than earnings, so this is a trustworthy number — and it's often the only usable multiple for loss-making or early-stage companies where P/E doesn't exist. But revenue without margin means nothing on its own: always read it alongside net margin.

P/B Ratio

Live

9.66x

Premium to book

Price versus net asset value on the balance sheet. Most meaningful for banks, NBFCs and asset-heavy businesses (manufacturing, real estate) where book value closely tracks real worth.

EV/Revenue

Live

Pro

Advanced ratio · DeepScreen Pro

Pro

EV/EBITDA

Live

Pro

Advanced ratio · DeepScreen Pro

Pro

ROE

Live

23.0%

Excellent shareholder returns

Return on shareholder equity. High ROE is great — unless it is manufactured by heavy debt, so always read it next to ROA and D/E: high ROE with low ROA is the classic debt-trap pattern.

ROA

Modeled

13.6%

Assets working hard

Net Income / Total Assets — how efficiently the whole business converts its asset base into profit. Computed as ROE / (1 + D/E) when live data is unavailable. Only compare within the same industry: asset-light businesses (IT, services) will always show a structurally higher ROA than asset-heavy ones (steel, airlines, utilities) simply because they carry far less on the balance sheet to begin with, not because they're better run.

ROCE

Modeled

17.1%

Solid

Return on all capital employed (equity plus debt). The cleanest quality signal because debt cannot flatter it.

Debt / Equity

Modeled

0.69x

Manageable

Total liabilities divided by shareholders' equity — the broadest leverage measure. High leverage boosts ROE in good years and destroys it in bad ones.

LT Debt / Equity

Modeled

Pro

Advanced ratio · DeepScreen Pro

Pro

Payout Ratio

Live

0%

Full reinvestment — no dividend

Share of profit paid out as dividend. Above 100% means the company is funding the dividend from debt or reserves, not profit — a genuine red flag, not just 'high'. 30–60% is the classic sustainable balance; well below that usually just means a growth company reinvesting rather than anything wrong.

Operating Leverage

Modeled

1.31x

Low fixed-cost gearing

How much profit jumps for each 1% of extra sales — driven by how much of the cost base is fixed (rent, salaries) versus variable (raw materials). It's a double-edged sword: high fixed-cost businesses (manufacturing, airlines, software) see profit jump disproportionately as sales grow, but the same fixed costs turn a small sales dip into an outsized loss. That's also why these businesses tend to lead in a bull market and get hit hardest first when demand turns down.

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Company financials

EPS (TTM)
₹8.96
Revenue (TTM)
₹4.4B
Net margin
20.55%
EBITDA margin
26.95%
Earnings growth
17%
Dividend yield
0%
Payout ratio
0%
Debt / equity
0.69x

Figures use live Yahoo Finance data where available; any field Yahoo doesn't report falls back to the DeepScreen model.

STEELCAS live news

LIVE

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Frequently asked questions about STEELCAS

How does DeepScreen analyze Steelcast Limited?
DeepScreen uses a 13-factor valuation and quality model. The methodology explains the inputs, weighting and limitations; model output is analytical research, not a personalized investment recommendation.
What is STEELCAS's P/E ratio?
The latest provider-backed P/E available to DeepScreen is 42.1x. Compare it with the company's own historical range, sustainable earnings growth and close industry peers, using the same reporting period.
How should I assess Steelcast Limited's profitability?
For Steelcast Limited, the latest provider-backed snapshot shows the latest growth measure is 17.00%, net margin is 20.55%, ROE is 23.0%. Consistent profitability and healthy year-over-year growth should be confirmed over several reporting periods, with earnings reconciled to operating cash flow and one-off items removed from the analysis.
How much debt does Steelcast Limited have?
The current structured company profile does not contain a reliable company-specific debt-to-equity figure. The correct source for that fact is the latest annual report, exchange filing and official company disclosure; DeepScreen should not manufacture a number.
Is STEELCAS a buy?
DeepScreen provides research tools rather than a personalized recommendation. A decision should consider business quality, valuation, balance-sheet risk, disclosures, liquidity and your own objectives and risk tolerance.
How does the company make money?
Steelcast Limited manufactures and sells steel and alloy castings in India. The company offers adapter and tooth point, front axle spindle, axle housing, component for backhoe loader, track shoe, cross member, tilt lever, spindle, sprocket, steering case, lift arm, drive tube, saddle, and support; apron pan assembly, cutting edge, idler, rack and pinion, fork type corner tooth, box type tooth point, tooth point and adapter, countinuos drag chain, deck panel, jaw plate, bowl liner, cutter, track shoe assembly, hammer, ring hammer, linkage, bearing support, tri power hub, track link, and bowl and mantle; and side frame, coupler body, and bolster. It also provides grate bar; blow bar, cooler grate plate, zet ring, drag chain link, hammer, chamber shell liner, diaphragm plate, cement mill liner, inside view of cement mill, and cooler plate and segmental tip, as well as grinding segment, roller, tyre, and table segment; and guide vane, hollow ball, plain and toothed ring hammer, turbine body casing, and grinding roller. In addition, the company offers valve body, bonnet, yoke, wedge, and pump-body casing and impeller, and wedge; pressure plate, support coil, bearing housing, cylinder head, and commercial chamber; centre wheel; body casing equipment; anchor and shank assembly, and segment feeder; and car shredding hammer, gate valve, valve and bonnet, deflector, fifth wheel, impeller, plastic injection mold plate, steel back tyre, and suction guide. It serves its products for earth moving, mining and mineral processing, railway, steel plants, cement, energy, valves and pumps, electro locomotive, aerobridge, oil exploration, shipping, and general engineering industries. It also exports its products in Germany, the United States, Thailand, Singapore, Mexico, Brazil, Denmark, Slovakia, Poland, South Korea, Japan, China, Australia, Israel, and Canada. The company was founded in 1960 and is headquartered in Bhavnagar, India. This describes the company's disclosed business activity; for exact segment revenue, geography and customer concentration, use the latest annual report.
What is the company's competitive advantage (economic moat)?
Steelcast Limited's potential moat should be evaluated from observable business economics: scale or cost advantages, network effects, switching costs, brand strength, patents or licences, distribution advantages and barriers to entry. The strongest evidence is a durable combination of pricing power, stable/growing margins and returns on capital over many years; a high ROE or ROCE alone does not prove a moat.
Who are the main competitors, and how does the company differ from them?
DeepScreen's directory-based comparison candidates include BVCL (BARAK VALLEY CEMENTS LIMITED), VINATIORGA (Vinati Organics Ltd.), SONAL (Sonal Mercantile Limited), PARMESHWAR (PARMESHWAR METAL LIMITED), ALLTIME (All Time Plastics Limited). Sector labels and market-cap proximity can use inferred or modeled directory inputs; these candidates are not a verified list of direct competitors; the direct comparison should use products, customers, geography, margins, growth, returns on capital and valuation.
Are its products or services in long-term demand?
The provider classifies Steelcast Limited in Steel. Long-term demand is supported when the underlying industry, customer base and product/service use remain durable over multiple years. For Steelcast Limited, test that through multi-year revenue and customer trends, retention/repeat purchases where applicable, pricing power, capacity utilisation and the risk of substitution or technological disruption.
Who are its primary customers (individuals, businesses, or government)?
The provider's business profile describes Steelcast Limited's activities as follows: Steelcast Limited manufactures and sells steel and alloy castings in India. The company offers adapter and tooth point, front axle spindle, axle housing, component for backhoe loader, track shoe, cross member, tilt lever, spindle, sprocket, steering case, lift arm, drive tube, saddle, and support; apron pan assembly, cutting edge, idler, rack and pinion, fork type corner tooth, box type tooth point, tooth point and adapter, countinuos drag chain, deck panel, jaw plate, bowl liner, cutter, track shoe assembly, hammer, ring hammer, linkage, bearing support, tri power hub, track link, and bowl and mantle; and side frame, coupler body, and bolster. It also provides grate bar; blow bar, cooler grate plate, zet ring, drag chain link, hammer, chamber shell liner, diaphragm plate, cement mill liner, inside view of cement mill, and cooler plate and segmental tip, as well as grinding segment, roller, tyre, and table segment; and guide vane, hollow ball, plain and toothed ring hammer, turbine body casing, and grinding roller. In addition, the company offers valve body, bonnet, yoke, wedge, and pump-body casing and impeller, and wedge; pressure plate, support coil, bearing housing, cylinder head, and commercial chamber; centre wheel; body casing equipment; anchor and shank assembly, and segment feeder; and car shredding hammer, gate valve, valve and bonnet, deflector, fifth wheel, impeller, plastic injection mold plate, steel back tyre, and suction guide. It serves its products for earth moving, mining and mineral processing, railway, steel plants, cement, energy, valves and pumps, electro locomotive, aerobridge, oil exploration, shipping, and general engineering industries. It also exports its products in Germany, the United States, Thailand, Singapore, Mexico, Brazil, Denmark, Slovakia, Poland, South Korea, Japan, China, Australia, Israel, and Canada. The company was founded in 1960 and is headquartered in Bhavnagar, India. Customer mix itself is not a stock-market ratio, so the primary customers should be confirmed from the company's segment, geographic and customer disclosures.
Is the company consistently profitable, and is its revenue growing year-over-year?
For Steelcast Limited, the latest provider-backed snapshot shows the latest growth measure is 17.00%, net margin is 20.55%, ROE is 23.0%. Consistent profitability and healthy year-over-year growth should be confirmed over several reporting periods, with earnings reconciled to operating cash flow and one-off items removed from the analysis.
Does the company generate positive, healthy free cash flow?
Free cash flow should be assessed as operating cash flow minus capital expenditure and then tested for consistency across several periods. A positive single-period result is not enough to establish healthy cash generation.
How high are the company's debt levels compared to its cash holdings and earnings?
The current snapshot shows a partial leverage picture, debt of roughly ₹0, cash of roughly ₹977.65M, implying net debt of about ₹-977.65M. The full debt burden should be compared with EBITDA/EBIT, interest expense, maturities and recurring free cash flow.
How will the company finance its future growth or expansion projects?
Steelcast Limited currently has reported cash of about ₹977.65M. Those internal resources can contribute to expansion, while additional funding can come from operating cash flow, debt, equity issuance, asset sales or project finance. The exact funding mix for a specific project must come from management's disclosed plans.
What is the company's historical Return on Equity (ROE) and Return on Capital Employed (ROCE)?
The latest snapshot reports ROE of 23.0%no current live ROCE. Historical quality should be judged from a multi-year series and by checking whether returns remain above the company's cost of capital through different business conditions.
Who are the promoters or top executives running the company, and what is their track record?
The current provider profile lists these senior executives: Mr. Chetankumar Manmohanbhai Tamboli (Chairman, MD & CEO); Mr. Subhash R. Sharma (CFO, VP of Finance & Executive Director); Mr. Ashutosh H. Shukla (COO & Executive Director); Mr. Umeshkumar Vasantray Bhatt (Company Secretary, Compliance Officer & Nodal Officer); Mr. Rushil Chetanbhai Tamboli (Whole Time Director). Track record should be assessed through capital-allocation decisions, operating results, governance disclosures and execution against stated targets. For Indian companies, promoter identity and ownership should be checked against the latest exchange shareholding filing.
Is a high percentage of the promoter's stake pledged as collateral for loans?
Promoter pledge is a shareholding-disclosure item, not a normal valuation ratio. For an Indian company, check the latest exchange shareholding pattern and notes for pledged/encumbered promoter shares, and compare the percentage with prior quarters to identify changes. Do not infer pledge levels from debt-to-equity.
Does management have a transparent and honest history of communication with shareholders?
The strongest evidence is consistency between what management says and what later appears in reported results: guidance versus delivery, explanations for misses, treatment of related parties, restatements, capital allocation and disclosure of material risks. A multi-year record is needed; tone alone is not a reliable measure of transparency.
Has the firm ever faced corporate governance issues, legal troubles, or accounting scandals?
This question requires a dated event history. Review regulator orders, exchange notices, audited-report qualifications, court records and reputable reporting, and distinguish allegations or investigations from settlements and established findings. The absence of a warning label on a stock page is not proof that no historical event ever occurred.
Is the current stock valuation (such as the P/E or P/S ratio) reasonable or overpriced?
The latest provider-backed P/E is 42.1x and P/S is 8.65x . These are descriptive multiples, not conclusions by themselves. A defensible valuation assessment compares the multiple with sustainable growth, margins, ROE/ROCE, balance-sheet risk, cyclicality and direct peers.
How does the company's valuation compare to its direct industry peers?
A practical peer set for Steelcast Limited starts with BVCL (BARAK VALLEY CEMENTS LIMITED), VINATIORGA (Vinati Organics Ltd.), SONAL (Sonal Mercantile Limited), PARMESHWAR (PARMESHWAR METAL LIMITED), ALLTIME (All Time Plastics Limited). Compare the same reporting-period P/E, P/S and positive EV/EBITDA only when EBITDA supports a meaningful multiple, then adjust for growth, margin quality, leverage and business mix; a lower positive multiple is not automatically cheaper on an economic-value basis.
What is the margin of safety if market conditions or the economy worsens?
Margin of safety is created by buying with a gap between conservative intrinsic value and market price, then stress-testing the downside case. The relevant stress tests are lower revenue/earnings growth, lower margins, higher funding costs, weaker working capital and a lower terminal valuation. There is no universal fixed percentage that applies to every company.
Does the company pay a reliable dividend, or does it aggressively buy back its own shares?
The latest provider-backed dividend yield is 0.0% and payout ratio is 0.00% . Dividend reliability should be checked across several years and against free cash flow, while buyback intensity should be verified from share-count changes, treasury-share activity and cash-flow statements. A one-year yield cannot establish a durable shareholder-distribution policy.

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