In Week of Mar 28, 2026, Steelcast Ltd (Castings, Forgings & Fastners) is outperforming Nifty 500 with +22.7% relative strength. Fundamentals: Average. On a 8-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Current 46% utilization projected to reach 58% in FY27 and 90% by FY29, driving volume growth
Impact: +₹50 Cr revenue
“Capacity utilization for the quarter was 46%, projected to reach 58% next year and approximately 90% by FY29”
What: Plant commissioning by June 30, 2026 to generate ₹3.5-4 crore annual savings
“A 2.4-megawatt hybrid power plant, expected to be commissioned by June 30, 2026, is projected to generate annual savings of ₹3.5 to ₹4 crore”
What: 56+46+42 new parts developed across FY25-FY27 converging into serial production
Impact: +₹75 Cr revenue
“In FY25 we developed 56 parts. In the current year, FY26, we have developed 46 parts. In the next financial FY27 we will develop 42 parts. All put together is about 144 parts. All this will converge into serial supplies”
Earnings deceleration risks from management commentary
Trigger: Continued US tariff pressures
Impact: -150 bps margin impact
Management view: While we are seeing some moderation in the US due to tariff related and broader geopolitical factors, interest from customers and investors remains strong across other markets
Monitor: US revenue as % of total
Trigger: Prolonged geopolitical tensions
Impact: -100 bps margin impact
Management view: As of now as we speak, the current quarter seems to be the bottom for our foreseeable future, maybe next one and a half to three years
Monitor: Quarterly export growth
Key quotes from recent conference calls
“Capacity utilization for the quarter was 46%, projected to reach 58% next year and approximately 90% by FY29 — Chetan Tamboli”
“Our products continue to remain competitive versus both global and Chinese suppliers, supported by the structural cost advantages we enjoy at Steelcast — Chetan Tamboli”
“The order book stands at ₹115 crore, executable in Q4 FY26 — Management”
“We remain confident of delivering 11% growth for FY26 and a 20% CAGR over the next three years — Management”
Forward-looking targets from management for FY26 and next 3 years
Revenue Growth Target
11%
Implied PAT Growth
20%
OPM Guidance
27%
Capex Plan
₹35 Cr
Key Milestones
• 58% capacity utilization in FY27
• 90% capacity utilization by FY29
• hybrid power plant commissioning by June 30, 2026
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | -5% | +8% | Inflection Down |
| PAT (Net Profit) | +11% | +30% | Stable |
| OPM | 28.0% | 0 bps | Expanding |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Steelcast Ltd's latest quarterly results (Dec 2025) show
Steelcast Ltd's profit is growing with an stable trend.
Steelcast Ltd's revenue growth trend is inflecting downward.
Steelcast Ltd's operating margin is expanding.
Steelcast Ltd's long-term compounding rates
Steelcast Ltd's earnings growth is stable with mixed signals on a sequential basis.
Steelcast Ltd's trailing twelve month (TTM) performance
Steelcast Ltd appears significantly undervalued based on our fair value analysis.
Steelcast Ltd's current PE ratio is 25.5x.
Steelcast Ltd's current PE is 25.5x.
Steelcast Ltd's price-to-book ratio is 6.4x.
Steelcast Ltd is rated Average with a fundamental score of 51.75/100. This score is calculated from objective financial metrics
Steelcast Ltd has a debt-to-equity ratio of N/A.
Steelcast Ltd's return ratios over recent years
Steelcast Ltd's operating cash flow is positive (FY2025).
Steelcast Ltd's current dividend yield is 0.63%.
Steelcast Ltd's shareholding pattern (Dec 2025)
Steelcast Ltd's promoter holding has remained stable recently.
Steelcast Ltd has been outperforming Nifty 500 for 8 consecutive weeks, indicating consistent outperformance.
Steelcast Ltd is an established outperformer with 8 weeks of consecutive Nifty 500 outperformance.
Steelcast Ltd has 3 key growth catalysts identified from recent earnings analysis
Steelcast Ltd has 2 key risks worth monitoring
In Q3 FY26, Steelcast Ltd's management highlighted
Steelcast Ltd's management has provided the following forward guidance for FY26 and next 3 years
Based on quantitative research signals, here is why Steelcast Ltd may be worth studying
Steelcast Ltd investment thesis summary:
Steelcast Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
