Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 102 | 90 | 98 | 77 | 75 | 102 | 120 | 107 | 107 | 97 | 112 | 125 |
| Expenses | 73 | 63 | 70 | 58 | 56 | 73 | 83 | 79 | 76 | 70 | 83 | 93 |
| Operating Profit | 29 | 27 | 29 | 20 | 19 | 28 | 38 | 27 | 30 | 28 | 29 | 32 |
| OPM % | 28% | 30% | 29% | 25% | 25% | 28% | 31% | 26% | 28% | 28% | 26% | 26% |
| Other Income | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 4 | 4 | 5 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 25 | 23 | 25 | 18 | 18 | 26 | 36 | 27 | 31 | 28 | 31 | 32 |
| Tax % | 25% | 26% | 26% | 26% | 26% | 26% | 26% | 25% | 25% | 26% | 25% | 25% |
| Net Profit | 19 | 17 | 19 | 13 | 13 | 19 | 27 | 20 | 23 | 21 | 23 | 24 |
| EPS in Rs | 1.84 | 1.72 | 1.85 | 1.28 | 1.31 | 1.90 | 2.65 | 1.96 | 2.29 | 2.03 | 2.29 | 2.34 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 137 | 134 | 231 | 318 | 201 | 158 | 302 | 477 | 410 | 373 | 423 | 441 |
| Expenses | 111 | 109 | 188 | 259 | 163 | 126 | 238 | 362 | 292 | 270 | 309 | 322 |
| Operating Profit | 26 | 25 | 44 | 59 | 38 | 32 | 64 | 114 | 117 | 103 | 114 | 119 |
| OPM % | 19% | 19% | 19% | 19% | 19% | 20% | 21% | 24% | 29% | 28% | 27% | 27% |
| Other Income | 0 | 1 | 2 | 1 | 0 | 1 | 0 | 2 | 3 | 7 | 15 | 16 |
| Interest | 14 | 10 | 11 | 10 | 5 | 4 | 2 | 4 | 1 | 1 | 0 | 0 |
| Depreciation | 12 | 12 | 15 | 16 | 16 | 14 | 18 | 18 | 18 | 13 | 13 | 13 |
| Profit before tax | 0 | 4 | 19 | 35 | 17 | 16 | 45 | 95 | 101 | 97 | 116 | 122 |
| Tax % | 69% | 29% | -10% | 29% | 53% | 23% | 26% | 25% | 26% | 26% | 25% | |
| Net Profit | 0 | 3 | 21 | 25 | 8 | 12 | 33 | 71 | 75 | 72 | 87 | 91 |
| EPS in Rs | 0.01 | 0.29 | 2.06 | 2.47 | 0.79 | 1.19 | 3.29 | 6.97 | 7.41 | 7.13 | 8.58 | 8.95 |
| Dividend Payout % | -0% | 41% | 13% | 16% | 15% | 23% | 19% | 28% | 19% | 20% | 20% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 12% | 22% | -4% | 9% | ||
| Compounded Profit Growth | 92% | 49% | 7% | 15% | ||
| Stock Price CAGR | 39% | 49% | 39% | 73% | ||
| Return on Equity | 23% | 27% | 26% | 24% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 51 | 62 | 64 | 83 | 105 | 108 | 119 | 146 | 205 | 260 | 316 | 385 |
| Borrowings | 144 | 128 | 90 | 93 | 64 | 45 | 23 | 63 | 24 | 0 | 0 | -0 |
| Other Liabilities | 21 | 20 | 47 | 58 | 43 | 35 | 40 | 57 | 66 | 54 | 63 | 65 |
| Total Liabilities | 224 | 220 | 211 | 244 | 222 | 197 | 192 | 276 | 305 | 324 | 389 | 460 |
| Fixed Assets | 135 | 134 | 125 | 123 | 117 | 107 | 98 | 109 | 142 | 138 | 142 | 158 |
| CWIP | 5 | 0 | 1 | 2 | 0 | 0 | 1 | 5 | 0 | 0 | 2 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 21 | 37 | 79 |
| Other Assets | 84 | 85 | 85 | 118 | 105 | 90 | 93 | 162 | 153 | 164 | 209 | 222 |
| Total Assets | 224 | 220 | 211 | 244 | 222 | 197 | 192 | 276 | 305 | 324 | 389 | 460 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3 | 26 | 13 | 54 | 34 | 29 | -0 | 107 | 82 | 75 | 86 | |
| Cash from Investing Activity | -2 | -6 | -13 | -7 | -6 | -4 | -33 | -53 | -38 | -59 | -67 | |
| Cash from Financing Activity | -5 | -16 | -22 | 2 | -25 | -14 | -25 | -54 | -45 | -16 | -18 | |
| Net Cash Flow | -4 | 4 | -21 | 49 | 4 | 12 | -58 | 0 | -0 | 0 | 1 | |
| Free Cash Flow | 1 | 19 | -1 | 47 | 28 | 25 | -33 | 63 | 68 | 57 | 55 | |
| CFO/OP | -266% | 98% | 34% | 110% | 117% | 103% | 20% | 115% | 91% | 96% | 101% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 140 | 97 | 94 | 83 | 65 | 52 | 119 | 91 | 59 | 83 | 95 | 93 |
| Inventory Days | 512 | 214 | 447 | 349 | 99 | 180 | 276 | 330 | 139 | 116 | 219 | 171 |
| Days Payable | 177 | 90 | 260 | 256 | 67 | 82 | 151 | 192 | 120 | 88 | 162 | 106 |
| Cash Conversion Cycle | 475 | 221 | 281 | 176 | 97 | 150 | 244 | 230 | 78 | 111 | 153 | 158 |
| Working Capital Days | -136 | -47 | -30 | -8 | 26 | 46 | 88 | 44 | 44 | 82 | 118 | 116 |
| ROCE % | -5% | 7% | 7% | 17% | 24% | 13% | 12% | 25% | 42% | 40% | 33% | 32% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% |
| FIIs | 0.38% | 0.08% | 0.01% | 0.06% | 0.10% | 0.16% | 0.24% | 0.37% | 0.19% | 0.22% | 0.25% | 0.29% |
| DIIs | 0.07% | 0.07% | 0.33% | 0.29% | 0.00% | 0.00% | 0.30% | 0.86% | 1.11% | 2.23% | 2.53% | 2.55% |
| Public | 54.56% | 54.87% | 54.68% | 54.65% | 54.90% | 54.83% | 54.46% | 53.77% | 53.69% | 52.56% | 52.23% | 52.17% |
| No. of Shareholders | 8,806 | 13,126 | 13,064 | 12,570 | 13,138 | 12,262 | 12,209 | 12,411 | 15,754 | 15,950 | 14,580 | 16,225 |
Fundamentals
Market Cap₹ 3,779 Cr.
Current Price₹ 372
Stock P/E41.7
Book Value₹ 39.0
ROCE32.3 %
ROE24.0 %
Dividend Yield0.46 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)15%
Standalone figures.
Valuation
Market capRs 3,607 Cr
Enterprise valueRs 3,591 Cr
P/E (TTM)39.78x
Price to book9.13x
Price to sales8.17x
EV / EBITDA26.63x
EV / EBIT29.46x
EV / sales8.14x
Price to cash flow41.73x
Earnings yield2.51%
Dividend yield0.48%
P/E, 3-year average11.82x
P/B, 3-year average2.67x
P/E, 5-year average8.46x
P/B, 5-year average1.95x
Profitability
Operating margin (excl. other income)27.02%
Operating margin (incl. other income)30.66%
EBITDA margin30.56%
Pre-tax margin27.55%
Net profit margin20.55%
Net margin, latest quarter19.00%
ROE24.10%
ROCE32.41%
ROA20.45%
ROE, 3-year average26.43%
ROCE, 3-year average35.19%
ROA, 3-year average21.52%
ROE, 5-year average28.11%
ROCE, 5-year average34.68%
ROA, 5-year average20.61%
ROIC (approx.)24.01%
Tax rate25.44%
Other income / net worth3.90%
Growth
Sales growth (latest year)13.33%
Profit growth (latest year)20.30%
Sales CAGR, 3 years-3.90%
Sales CAGR, 5 years21.82%
Profit CAGR, 3 years7.19%
Profit CAGR, 5 years48.52%
Sales growth QoQ11.02%
Profit growth QoQ2.29%
Sales growth YoY (latest quarter)16.99%
Profit growth YoY (latest quarter)19.27%
Per share
EPS (TTM)Rs 8.96
EPS (latest year)Rs 8.58
EPS (latest quarter)Rs 2.34
EPS, 3-year averageRs 27.10
EPS, 5-year averageRs 26.52
Book value per shareRs 39.03
Sales per shareRs 43.61
Cash flow per shareRs 8.54
Free cash flow per shareRs 5.43
Dividend per share (latest year)Rs 1.71
Dividend per share, 3-year averageRs 5.37
Dividend per share, 5-year averageRs 5.83
Dividends
Dividend payout19.93%
Dividend payout, 3-year average19.85%
Dividend payout, 5-year average21.43%
Efficiency
Asset turnover0.92x
Fixed asset turnover2.68x
Inventory turnover5.85x
Inventory days62 days
Debtor days93 days
Debtors turnover3.91x
Creditor days106 days
Cash conversion cycle158 days
Working capital days116 days
Leverage
Cash and bankRs 17 Cr
Net debtRs -17 Cr
Net debt / EBITDA-0.12x
Interest coverage435.25x
Current ratio (filing 2026-03-31)5.07x
Quick ratio (filing 2026-03-31)4.28x
Trade payables (filing 2026-03-31)Rs 25 Cr
Owners' fund to total sources85.83%
Cash flow
Cash from Operating Activity (latest year)Rs 86 Cr
Cash from Investing Activity (latest year)Rs -67 Cr
Cash from Financing Activity (latest year)Rs -18 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 55 Cr
Cash from ops / profit, 5 years1.04x
Sales to cash flow4.90x
Statement figures
Net sales (TTM)Rs 441 Cr
Net sales (latest year)Rs 423 Cr
Sales (latest quarter)Rs 125 Cr
Operating profit excl. other income (latest year)Rs 114 Cr
Operating profit (latest quarter)Rs 32 Cr
Other income (TTM)Rs 16 Cr
EBITDA (TTM)Rs 135 Cr
PBDT (TTM)Rs 135 Cr
Profit before tax (TTM)Rs 122 Cr
Tax (latest year)Rs 30 Cr
Net profit (TTM)Rs 91 Cr
Net profit (latest year)Rs 87 Cr
Net profit (latest quarter)Rs 24 Cr
Depreciation (TTM)Rs 13 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 239 Cr
Total expenditure (latest year)Rs 309 Cr
Total income (latest year)Rs 439 Cr
Share capitalRs 10 Cr
ReservesRs 385 Cr
Shareholders' fundsRs 395 Cr
Total assetsRs 460 Cr
Net blockRs 158 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 79 Cr
ReceivablesRs 108 Cr
InventoryRs 41 Cr
Other liabilitiesRs 65 Cr
Shares outstanding (crore)10.12
Ownership
Promoter holding45.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 39.8 is at the 78th percentile of its own 9.4-year range
(median 26.2, low 5.9, high 136.4).
P/B 9.13 is at the 98th percentile (median 4.88).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | STEELCAS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.4% | -2.8% | +2.4 pts |
| 1 month | +4.9% | -6.8% | +11.7 pts |
| 3 months | +14.8% | -7.6% | +22.4 pts |
| 6 months | +57.8% | +0.4% | +57.4 pts |
| 1 year | +64.5% | -9.9% | +74.4 pts |
| 2 years | +129.5% | -13.6% | +143.1 pts |
| 3 years | +155.9% | +14.2% | +141.8 pts |
| 5 years | +612.0% | +27.9% | +584.2 pts |
3 mutual fund schemes hold about ₹47 Cr.
Over three months 0 bought more and 3 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Bank of India Small Cap Fund | 0.90% | 30 | -22% |
| Bank of India Mfg & Infra Fund(Q | 1.13% | 11 | -11% |
| Bank of India Multi Cap Fund | 0.50% | 7 | -11% |
Red flags
F-score 5 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹125 Cr +16.8% vs Jun 2025.
Net profit ₹24 Cr +20.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| AIA Engineering Ltd | 35,795 | 28.2 | 21.1 % |
| PTC Industries Ltd | 33,786 | 269 | 8.59 % |
| Happy Forgings Ltd | 19,586 | 59.8 | 18.0 % |
| Balu Forge Industries Ltd | 6,084 | 22.7 | 22.7 % |
| Amic Forging Ltd | 2,764 | 90.7 | 25.2 % |
| Investment & Precision Castings Ltd | 1,516 | 102 | 14.4 % |
| Nelcast Ltd | 1,033 | 25.2 | 11.4 % |
| Synergy Green Industries Ltd | 1,012 | 9.24 % | |
| Tirupati Forge Ltd | 978 | 160 | 7.53 % |
| Neetu Yoshi Ltd | 963 | 38.5 | 31.8 % |
| Magna Electro Castings Ltd | 587 | 37.8 | 17.4 % |
| Kalyani Forge Ltd | 364 | 29.4 | 12.2 % |
| Nitin Castings Ltd | 235 | 28.9 | 15.5 % |
| Munish Forge Ltd | 217 | 20.6 | 12.0 % |
| KVS Castings Ltd | 156 | 22.1 | 15.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-07 | Interim Dividend - Re 0.45 Per Share | |
| 2026-07-24 | Dividend - Re 0.54 Per Share | |
| 2026-02-06 | Interim Dividend - Re 0.45 Per Share | |
| 2025-11-11 | Interim Dividend - Re 0.36 Per Share | |
| 2025-08-29 | Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share | 0.2000 |
| 2025-08-08 | Interim Dividend - Rs 1.80 Per Sh | |
| 2025-07-25 | Dividend - Rs 2.70 Per Share | |
| 2025-02-07 | Interim Dividend - Rs 1.80 Per Share | |
| 2024-11-22 | Interim Dividend - Rs 1.35 Per Share | |
| 2024-08-16 | Interim Dividend - Rs 1.35 Per Share | |
| 2024-07-31 | Annual General Meeting/Dividend - Rs 3.15 Per Share | |
| 2024-02-13 | Interim Dividend - Rs 1.35 Per Share | |
| 2023-11-15 | Interim Dividend - Rs 1.35 Per Share | |
| 2023-08-14 | Interim Dividend - Rs 1.35 Per Share | |
| 2023-07-26 | Annual General Meeting/Dividend - Rs 2.70 Per Share | |
| 2023-06-02 | Special Interim Dividend - Rs 3.15 Per Share | |
| 2023-02-03 | Interim Dividend - Rs 1.80 Per Share | |
| 2022-11-01 | Interim Dividend - Rs 1.35 Per Share | |
| 2022-08-18 | Interim Dividend - Rs 0.90 Per Share | |
| 2022-07-26 | Annual General Meeting/Dividend - Rs 1.80 Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.