Geopolitical
HIGHTrigger: US imposed 50% additional tariffs on Indian steel castings; as US is the largest single export market at ~30%, this directly compresses order inflows and realizations
Monitor: geopolitical
Steelcast Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +27.9%Weak12w Streak
In , Steelcast Ltd (Castings, Forgings & Fastners) is outperforming Nifty 500 with +27.9% relative strength. Fundamentals: Weak. On a 12-week streak.
Steelcast Ltd Key Facts
- PE Ratio
- 34.7x
- Price/Book
- 6.33x
- Market Cap
- ₹3,015 Cr
- PAT Growth YoY
- -15%
- Revenue Growth YoY
- -7%
- OPM
- 26.0%
- RS vs Nifty 500
- +27.9%
PE: Mid ExpansionRiding Wave
What's Happening
🏛️DII accumulation — stake up 1.1%
💰Trading 71% above estimated fair value — significant premium
Key Risks
1. Geopolitical
HIGH2. Geopolitical
MEDIUM3. Logistics
LOWKey Numbers
PAT Growth YoY
-15%
Inflection Down
Revenue YoY
-7%
Inflection Down
Operating Margin
26.0%
-500 bps YoY
PE Ratio
34.7
PEG Ratio
0.62
EV/EBITDA
19.1
Current Price
₹298
Dividend Yield
0.48%
Fundamental Score
38/100
Weak
3Y PAT CAGR
+7%
Market Cap
3.0K Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for Steelcast Ltd?
Earnings deceleration risks from management commentary
Geopolitical
MEDIUMTrigger: Broader EU steel safeguard measures, while aimed at China, create quota compression risk for Indian specialty castings exporters as well
Monitor: geopolitical
Logistics
LOWTrigger: Stretched receivables likely reflect export customer payment terms; elevated working capital intensity is a watchlist item as volumes scale
Monitor: logistics
Regulatory
MEDIUMTrigger: If EU quota allocation to India is restricted, the planned 15%→20% EU export shift becomes harder to execute in FY27
Monitor: regulatory
What Is Steelcast Ltd's Management Saying?
Key quotes from recent conference calls
“US tariff concerns are slowing despatch in short term, prompting 5% earnings cut for FY26/FY27. Q3FY26 is expected to be weak due to tariff-led impact from the US market (which forms ~30% of total sales) [Risk (geopolitical): HIGH]”
“The EU is to go ahead with plans to double tariffs and halve quotas on imports of steel from July, in a move designed to curb Chinese imports but which could damage UK exports [Risk (geopolitical): MEDIUM]”
“Debtor days have increased from 78.8 to 94.6 days. Working capital days have increased from 80.9 days to 117 days [Risk (logistics): LOW]”
“EU is to go ahead with plans to double tariffs and halve quotas on imports of steel from July, in a move designed to curb Chinese imports [Risk (regulatory): MEDIUM]”
How Fast Is Steelcast Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | -7% | -4% | Inflection Down |
| PAT (Net Profit) | -15% | +7% | Inflection Down |
| OPM | 26.0% | -500 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
Other Top Castings, Forgings & Fastners Stocks Beating Nifty 500
Frequently Asked Questions: Steelcast Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Steelcast Ltd's latest quarterly results?
Steelcast Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: -14.8% (inflecting downward)
- Revenue Growth YoY: -6.7%
- Operating Margin: 26.0% (volatile)
Is Steelcast Ltd's profit growing or declining?
Steelcast Ltd's profit is declining with an inflecting downward trend.
- PAT Growth YoY: -14.8% (latest quarter)
- PAT Growth QoQ: +9.5% (sequential)
- 3-Year PAT CAGR: +7.0%
- Trend: Inflecting downward — consistent growth pattern
What is Steelcast Ltd's revenue growth trend?
Steelcast Ltd's revenue growth trend is inflecting downward.
- Revenue Growth YoY: -6.7%
- Revenue Growth QoQ: +15.5% (sequential)
- 3-Year Revenue CAGR: -3.9%
How is Steelcast Ltd's operating margin trending?
Steelcast Ltd's operating margin is volatile.
- Current OPM: 26.0%
- OPM Change YoY: -5.0% basis points
- OPM Change QoQ: -2.0% basis points
What is Steelcast Ltd's 3-year profit and revenue CAGR?
Steelcast Ltd's long-term compounding rates
- 3-Year Profit CAGR: +7.0%
- 3-Year Revenue CAGR: -3.9%
Is Steelcast Ltd's growth accelerating or decelerating?
Steelcast Ltd's earnings growth is inflecting downward with mixed signals on a sequential basis.
- YoY Acceleration: -25.3% bps
- Sequential Acceleration: +18.2% bps
- Margin Warning: Operating margins are under pressure
What is Steelcast Ltd's trailing twelve month (TTM) performance?
Steelcast Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹87 Cr
- TTM PAT Growth: +20.8% YoY
- TTM Revenue: ₹423 Cr
- TTM Revenue Growth: +13.1% YoY
- TTM Operating Margin: 27.0%
Is Steelcast Ltd overvalued or undervalued?
Steelcast Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Current PE: 34.7x
- Price-to-Book: 7.6x
What is Steelcast Ltd's current PE ratio?
Steelcast Ltd's current PE ratio is 34.7x.
- Current PE: 34.7x
- Market Cap: 3.0K Cr
- Dividend Yield: 0.48%
How does Steelcast Ltd's valuation compare to its history?
Steelcast Ltd's current PE is 34.7x.
- Current PE: 34.7x
- Valuation Assessment: Significantly Overvalued
What is Steelcast Ltd's price-to-book ratio?
Steelcast Ltd's price-to-book ratio is 7.6x.
- Price-to-Book (P/B): 7.6x
- Book Value per Share: ₹39
- Current Price: ₹298
Is Steelcast Ltd a fundamentally strong company?
Steelcast Ltd is rated Weak with a fundamental score of 37.9/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: -6.7% (10% weight)
- PAT Growth YoY: -14.8% (10% weight)
- PAT Growth QoQ: +9.5% (10% weight)
- Margins stable (10% weight)
- PEG Ratio: 0.6x vs sector median (15% weight)
- EV/EBITDA: 19.1x vs sector median (15% weight)
Is Steelcast Ltd debt free?
Steelcast Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹0 Cr
What is Steelcast Ltd's return on equity (ROE) and ROCE?
Steelcast Ltd's return ratios over recent years
- FY2024: ROCE 40.0%
- FY2025: ROCE 33.0%
- FY2026: ROCE 32.0%
Is Steelcast Ltd's cash flow positive?
Steelcast Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹86 Cr
- Free Cash Flow (FCF): ₹19 Cr
- CFO/PAT Ratio: 99% (strong cash conversion)
What is Steelcast Ltd's dividend yield?
Steelcast Ltd's current dividend yield is 0.48%.
- Dividend Yield: 0.48%
- Current Price: ₹298
Who holds Steelcast Ltd shares — promoters, FII, DII?
Steelcast Ltd's shareholding pattern (Mar 2026)
- Promoters: 45.0%
- FII (Foreign): 0.3%
- DII (Domestic): 2.5%
- Public: 52.2%
Is promoter holding increasing or decreasing in Steelcast Ltd?
Steelcast Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 45.0% (Mar 2026)
- Previous Quarter: 45.0% (Dec 2025)
- Change: 0.00% (stable)
How long has Steelcast Ltd been outperforming Nifty 500?
Steelcast Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is Steelcast Ltd a new momentum entry or an established outperformer?
Steelcast Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the key risks in Steelcast Ltd?
Steelcast Ltd has 4 key risks worth monitoring
- [HIGH] Geopolitical — US imposed 50% additional tariffs on Indian steel castings; as US is the largest single export market at ~30%, this directly compresses order inflows and realizations
- [MEDIUM] Geopolitical — Broader EU steel safeguard measures, while aimed at China, create quota compression risk for Indian specialty castings exporters as well
- [LOW] Logistics — Stretched receivables likely reflect export customer payment terms; elevated working capital intensity is a watchlist item as volumes scale
- [MEDIUM] Regulatory — If EU quota allocation to India is restricted, the planned 15%→20% EU export shift becomes harder to execute in FY27
What did Steelcast Ltd's management say in the latest earnings call?
In Q3 FY26, Steelcast Ltd's management highlighted
- "US tariff concerns are slowing despatch in short term, prompting 5% earnings cut for FY26/FY27. Q3FY26 is expected to be weak due to tariff-led impact..."
- "The EU is to go ahead with plans to double tariffs and halve quotas on imports of steel from July, in a move designed to curb Chinese imports but whic..."
- "Debtor days have increased from 78.8 to 94.6 days. Working capital days have increased from 80.9 days to 117 days [Risk (logistics): LOW]"
Is Steelcast Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Steelcast Ltd may be worth studying
- Cash flow is positive — CFO ₹86 Cr
What is the investment thesis for Steelcast Ltd?
Steelcast Ltd investment thesis summary:
Risk Factors (Bear Case)
- Margins under pressure
- Appears significantly overvalued
- Key risk: Geopolitical
What is the future outlook for Steelcast Ltd?
Steelcast Ltd's forward outlook based on current data signals
- Earnings Trend: inflecting downward
- Revenue Trend: inflecting downward
- Margin Trend: volatile
- Valuation: Significantly Overvalued
- Key Risk: Geopolitical
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.