Steelcast share price today

Steelcast Ltd's share price was ₹364.50 at the close on 4 November 2026. It has been rising for 38 weeks. That is 22.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹184 and ₹377, and at that close it sat 94% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Steelcast Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 23 weeks in a row.

Over the last 11 years the share price moved +2,938% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 7 quarters in a row, revenue grew again in the June 2026 quarter and foreign funds (FIIs) raised their stake for 4 quarters in a row.

1. Indian funds and insurers (DIIs) raised their stake for 7 quarters in a row

   From 0% to 2.8% of the company by the September 2026 quarter.

2. Revenue grew again in the June 2026 quarter

   Revenue was ₹125 crore, +16.8% on a year earlier (₹107 crore), after 2 quarters of decline.

3. Foreign funds (FIIs) raised their stake for 4 quarters in a row

   From 0.2% to 0.5% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Steelcast reported revenue of ₹125 crore, up 16.8% from ₹107 crore a year earlier, and a profit of ₹24.0 crore, up 20.0% from ₹20.0 crore.

Steelcast results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Steelcast's management discussed these results on a call held on 28 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Steelcast closed at ₹364.50 on 4 November 2026, up 74.4% from ₹209.00 a year earlier (7 November 2025) and up 461.6% over five years. Its highest weekly close since February 2016 was ₹376.60 on 25 September 2026.

Steelcast share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

566 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: Steelcast closed at ₹364.50, up 5.3% on the week and up 2.1% on the month. 28 Sep 2026: Steelcast held its results call for April to June 2026. Management guided: Existing-facility utilization: 60% FY27, 79% FY28 and 90% FY29; the Q&A figure differs from 75-76% in opening remarks.

Earlier

• 7 Aug 2026: ex-date for an interim dividend of ₹0.45 a share.
• 24 Jul 2026: ex-date for a dividend of ₹0.54 a share.
• Results for April to June 2026: Revenue up 16.8% and profit up 20.0% on a year earlier.
• 6 Feb 2026: ex-date for an interim dividend of ₹0.45 a share.
• 11 Nov 2025: ex-date for an interim dividend of ₹0.36 a share.
• 29 Aug 2025: Share split: face value cut from ₹5 to ₹1 a share (ex-date).

Steelcast paid ₹1.80 a share in regular dividends in the 12 months to 5 November 2026 (4 payments), a yield of 0.49% at the ₹364.50 close on 4 November 2026. The last was an interim dividend of ₹0.45 a share, ex-date 7 August 2026.

Steelcast dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Steelcast Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, Steelcast's management guided: Existing-facility utilization: 60% FY27, 79% FY28 and 90% FY29; the Q&A figure differs from 75-76% in opening remarks.

“Our utilization was 48% last year. We will do about 60% in the current year, about 79% in FY28, and 90% in FY29. - Chetan Tamboli”Chairman & MD, on the call for April to June 2026

What management guided

• Greenfield facility: 8,500 tons commissioned by March FY28.
• Capital spending by FY29: ₹120 crore for the greenfield facility plus ₹100 crore existing-facility spend, ₹225 crore total.
• Greenfield facility sales: approximately ₹300 crore over approximately three years after commissioning.
• End-user demand across nine industries: 5-6% on a year earlier for the next 2-3 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026.

What is changing at Steelcast, from the latest results and calls: serial orders and existing-foundry utilization, greenfield capacity for existing customers and captive renewable power.

• Serial orders and existing-foundry utilization. Developed parts and customer production plans can increase output on the installed asset base. ⚠ estimate
• Greenfield capacity for existing customers. Additional foundry capacity creates a later volume runway, subject to construction and customer absorption. ⚠ estimate
• Captive renewable power. Commissioning can reduce purchased-power exposure, but the revised deadline must be met first. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 10 October 2026.

Management links capacity expansion to customer plans; the July summary reports production of 4,700 tons, quarterly utilization of 66% and an order book of ₹140 Cr.

✓ fact

Our read after the latest results, written 10 October 2026.

Revenue failing to exceed the latest reported quarter in both upcoming quarterly prints, accompanied by another reduction in the current-year utilization goal, would break the customer-led serial-order ramp thesis.

Each change stops working if

• Serial orders and existing-foundry utilization: New parts remain in sampling or customers postpone recurring orders, leaving production goals subject to further reductions.
• Greenfield capacity for existing customers: Commissioning slips or customer production plans no longer support the additional capacity.
• Captive renewable power: The revised commissioning date slips or actual generation fails to reduce the delivered energy cost.
• Customer and end-market diversification: Domestic and alternative export orders fail to offset slower demand from the concentrated overseas customer base.

The main risks

• Guidance resets and commissioning delays: The latest utilization reduction and earlier power delay reduce confidence in the timing of delivery. ⚠ estimate
• Margin benefits may not persist: Input-cost resets and currency benefits do not establish a durable margin expansion. ⚠ estimate
• Industrial and overseas customer concentration: More destinations do not eliminate common OEM and industrial-cycle exposure. ✓ fact
• Quarterly cash conversion remains unobserved: Annual cash conversion is adequate, but the recent production-related work-in-progress claim needs cash confirmation. ⚠ estimate

Our read after the latest results, written 10 October 2026.

When Steelcast reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Existing-facility utilization path to show customer-plan conversion; next print should separate operational ramp from greenfield contribution.

Steelcast is on one of our India lists: Momentum stocks.

Steelcast Ltd earned ₹24.0 Cr of net profit in the Jun 2026 quarter, +20.0% on the same quarter a year earlier. Full-year FY26 profit was ₹87.0 Cr. That is 19.2% of the quarter's revenue. The same quarter a year earlier earned ₹20.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹87.0 Cr (+20.8% on the year before).

Why profit moved: revenue changed +16.8% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +23.2% and revenue +12.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Steelcast Ltd reported ₹125 Cr of revenue in the Jun 2026 quarter, +16.8% on the same quarter a year earlier. Over 10 years it has grown 11.9% a year on average. The last full year, FY26, came in at ₹423 Cr. The last four reported quarters add to ₹441 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The expanded customer and part portfolio offers more routes to recurring orders. However, mining, earthmoving and construction remain the dominant demand cluster, and shipments to different countries can still belong to the same global OEM. Diversification therefore reduces individual programme exposure without proving independence from the industrial cycle. Lower export mix is a changed goal, not evidence that replacement revenue has already arrived. July's FY27 export-mix forecast of 49 to 50% and September's description of exports at 50 to 55% use different stated bases; no reconciled completed-year mix is supplied.

FY26 revenue was ₹423 Cr, +13.4% on the year before.

Recent pace: the last four quarters grew +12.0% on average, against 11.9% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.2%, against +9.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +15.2%, against +15.7% a year (stabilising).

Steelcast Ltd's operating margin was 26.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between −1.6% and 29.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The Operating Leverage Catapult is conditional here: recurring serial orders can spread installed overheads across additional output. The reported revenue recovery and production commentary support that mechanism, but the latest utilization cut lowers the expected pace. Part development, higher production and overhead absorption are one dependent earnings chain, not separate additive profit benefits. Customer approvals do not eliminate order-timing risk; competitor allocation changes and the retained incremental profit are not quantified.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.0 percentage points on the year while gross margin changed +2.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 104% of Steelcast Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹86.0 Cr of operating cash against ₹87.0 Cr of profit. After ₹28.0 Cr of spending on assets, ₹58.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 104% of profit came in as cash: the cash cycle got 86 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Steelcast Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 158 days in FY26, down from 244 days in FY21. It spent ₹61.0 Cr on assets over the last 3 years. Customers take 93 days to pay, and stock sits for 171 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹423 Cr, each day of that cycle ties up about ₹1.2 Cr, so roughly ₹183 Cr is tied up in the business at any time.

FY26: customers took 93 days to pay and stock sat for 171 days, about 5.6 months of sales sitting as stock, for a full cycle of 158 days, shorter than FY21's 244.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 171 days. Customers pay about 93 days after that. Suppliers are paid at 106 days. Together that makes the 158-day cycle.

Spending on assets: ₹61.0 Cr over the last 3 years, against ₹44.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Steelcast Ltd's P/E is 40.6×, near the high end of its own history: higher than 83% of past readings. Its usual P/E (the middle reading) is 24.0×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.