Steelcast Ltd. (STEELCAS) AI Stock Analysis

3 Followers

Steelcast Ltd.

(NSE:STEELCAS)

Select Model

Rating:68Neutral

Price Target:INR 382.00▼(-0.83% Downside)

Action:reiterated

Date:09/23/26

The score is primarily supported by strong financial performance—especially the near-zero debt balance sheet and solid profitability. This is offset by a demanding valuation (high P/E and low dividend yield) and weaker near-term technical momentum (negative MACD and subdued RSI/Stoch), despite the price still trading above key long-term moving averages.

Positive Factors

Near-zero debt and stronger equity baseA near-zero debt position gives Steelcast substantial financial flexibility and reduces interest and refinancing pressure. The material expansion in equity also strengthens its capital base, helping the company withstand weaker industrial conditions and fund operations or growth without relying heavily on external borrowing.

Negative Factors

Revenue momentum has weakenedThe reversal from strong expansion to three years of revenue declines makes Steelcast’s top-line trajectory less predictable. Persistent softness could limit operating leverage, reduce the benefits of its strong margins, and make future earnings growth more dependent on cost control rather than expanding demand.

Steelcast Ltd. (STEELCAS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 38.97B
Dividend Yield: 0.47%
Average Volume (3M): 11.74K
Price to Earnings (P/E): 43.0
Beta (1Y): 1.24
Revenue Growth: 8.91%
EPS Growth: 14.58%
Country: India
Employees: 418
Sector: General
Sector Strength: 55
Industry: Steel

Steelcast Ltd. Business Overview & Revenue Model

Company Description

Established in 1960 and headquartered in Bhavnagar, India, Steelcast Limited is a key player in the manufacturing and worldwide distribution of steel castings. The company produces a varied portfolio of wear and abrasion-resistant steel casting produ...

How the Company Makes Money

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Steelcast Ltd. Financial Statement Overview

Summary

Financials are solid overall, led by an exceptionally strong balance sheet (near-zero debt and expanding equity). Profitability has been strong with healthy margins, but revenue has been volatile and recently declined, and cash flows show cyclical volatility (notably weakness in 2022), which tempers the score.

Income Statement

78Positive

Balance Sheet

92Very Positive

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	4.41B	4.23B	3.76B	4.01B	4.64B	2.97B
Gross Profit	1.58B	1.19B	1.11B	1.05B	1.56B	962.04M
EBITDA	1.35B	1.14B	1.11B	1.20B	1.16B	640.06M
Net Income	906.88M	868.59M	721.98M	750.02M	705.25M	332.72M
Balance Sheet
Total Assets	0	4.60B	3.89B	3.24B	3.05B	2.76B
Cash, Cash Equivalents and Short-Term Investments	977.65M	744.19M	358.15M	287.42M	52.61M	1.17M
Total Debt	0	0	455.00K	832.00K	236.49M	627.99M
Total Liabilities	-3.95B	651.85M	634.82M	540.30M	898.38M	1.19B
Stockholders Equity	3.95B	3.95B	3.26B	2.70B	2.15B	1.57B
Cash Flow
Free Cash Flow	231.75M	587.08M	590.47M	641.10M	605.99M	-333.82M
Operating Cash Flow	441.90M	912.38M	758.95M	819.24M	1.07B	-660.00K
Investing Cash Flow	-328.18M	-725.46M	-603.67M	-236.64M	-531.65M	-327.19M
Financing Cash Flow	-93.48M	-173.51M	-155.21M	-446.33M	-540.38M	328.36M

Steelcast Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price385.20

Price Trends

50DMA348.80Positive

100DMA335.09Positive

200DMA294.76Positive

Market Momentum

MACD8.50Negative

RSI62.22Neutral

STOCH87.69Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STEELCAS, the sentiment is Positive. The current price of 385.20 is above the 20-day moving average (MA) of 356.33, above the 50-day MA of 348.80, and above the 200-day MA of 294.76, indicating a bullish trend. The MACD of 8.50 indicates Negative momentum. The RSI at 62.22 is Neutral, neither overbought nor oversold. The STOCH value of 87.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:STEELCAS.

Steelcast Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:STEELCAS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:RATNAMANI	75Outperform	INR 174.31B	43.77	―	0.40%	-16.84%	-34.34%
IN:SHYAMMETL	75Outperform	INR 366.86B	27.07	―	0.34%	25.70%	39.54%
IN:SURYAROSNI	69Neutral	INR 45.67B	14.78	―	2.35%	15.04%	-4.20%
IN:STEELCAS	68Neutral	INR 38.56B	43.02	―	0.47%	8.91%	14.58%
IN:ELECTCAST	62Neutral	INR 43.88B	35.42	―	1.30%	-15.69%	-78.92%
IN:JINDALSAW	61Neutral	INR 161.16B	30.35	―	0.77%	-0.73%	-60.06%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:STEELCAS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:STEELCAS	Steelcast Ltd.	385.20	168.49	77.75%
IN:ELECTCAST	Electrosteel Castings Ltd.	69.30	-9.69	-12.27%
IN:JINDALSAW	Jindal Saw Limited	261.45	94.09	56.22%
IN:RATNAMANI	Ratnamani Metals & Tubes Ltd.	2495.70	59.78	2.45%
IN:SHYAMMETL	Shyam Metalics & Energy Ltd.	1315.45	463.75	54.45%
IN:SURYAROSNI	Surya Roshni Limited	212.95	-56.78	-21.05%

Steelcast Ltd. Corporate Events

Steelcast Plans Two-Day Analyst and Institutional Investor Meet in Mumbai

Sep 19, 2026

Steelcast Limited has scheduled a series of one-on-one and group meetings with analysts and institutional investors in Mumbai on 23 and 24 September 2026. Senior management, including the Chairman and Managing Director, the Chief Financial Officer an...

Steelcast Sets August 7 Record Date for First Interim Dividend of FY 2026-27

Jul 29, 2026

Steelcast Limited has announced that its board of directors, at a meeting held on July 29, 2026, has set August 7, 2026 as the record date for determining shareholder eligibility for the first interim dividend for the financial year 2026-27. The move...

Steelcast to Host Q1 FY27 Earnings Call for Analysts and Investors

Jul 23, 2026

Steelcast Ltd. has scheduled an earnings conference call with analysts and institutional investors on 30 July 2026 to discuss its unaudited financial results for the quarter ended 30 June 2026. Senior management, including the chairman, directors and...

Steelcast sets July 29 AGM, defines dividend and e-voting timelines

Jul 6, 2026

Steelcast Ltd. has scheduled its 55th Annual General Meeting for July 29, 2026, at a venue in Bhavnagar, Gujarat, and announced closure of its Register of Members and Share Transfer Books from July 25 to July 29 to determine shareholders eligible for...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 23, 2026

Steelcast Ltd. AI Stock Analysis