# Steelcast share price today (Steelcast Ltd, NSE: STEELCAS)

> Steelcast share price today: ₹369.15 at the NSE close on 3 November 2026, up 64.1% in a year. Steelcast (NSE: STEELCAS) is worth ₹3,736 crore, trades at a P/E of 41.2 and has closed between ₹183.50 and ₹376.60 over the past 52 weeks. > Steelcast Ltd's share price has risen faster than its earnings: +64.1% in a year, against +20.3% for earnings per share. STEELCAS · Castings, Forgings & Fastners · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/steelcast-ltd

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## Key numbers

- Business trend: Slowing from a peak, from the last 12 quarters
- Price: ₹369.15 (+64.1% in a year)
- P/E: 41.2× (higher than 84% of the last 10 years)
- Revenue (Jun 2026): ₹125 Cr (+16.8% on a year ago)
- Profit (Jun 2026): ₹24.0 Cr (+20.0% on a year ago)
- Operating margin: 26.0% (flat on a year ago)
- ROCE: 32%, FY26
- ROIC: 26.6%, against a 12.0% cost of capital: +14.6 points

The main question: the share price moved +64.1% in a year while yearly earnings per share moved +20.3%. The difference came from the market paying a higher multiple. ## What is the Steelcast share price today? Steelcast Ltd's share price was ₹369.15 at the close on 3 November 2026. It has been rising for 38 weeks. That is 23.8% 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 96% of the way up from that low. 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 +2,976% 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. ## What changed at Steelcast this quarter? 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. ## What are Steelcast's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹125 crore | ₹107 crore | +16.8% |
| Profit | ₹24.0 crore | ₹20.0 crore | +20.0% |
| Earnings per share | ₹2.34 | ₹1.96 | +19.4% |
| Operating margin | 26.0% | 26.0% | 0.0 points |

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.)

## What is the Steelcast share price history? Steelcast closed at ₹369.15 on 3 November 2026, up 64.1% from ₹225.00 a year earlier (31 October 2025) and up 468.8% over five years. Its highest weekly close since February 2016 was ₹376.60 on 25 September 2026. ### Steelcast share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹324.90 | +13.6% |
| 1 month ago · 1 Oct 2026 | ₹356.85 | +3.4% |
| 6 months ago · 30 Apr 2026 | ₹287.80 | +28.3% |
| 1 year ago · 31 Oct 2025 | ₹225.00 | +64.1% |
| 3 years ago · 3 Nov 2023 | ₹128.33 | +187.7% |
| 5 years ago · 4 Nov 2021 | ₹64.90 | +468.8% |
| 10 years ago · 4 Nov 2016 | ₹13.40 | +2,654.9% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹12.00 | +2,976.3% |
| Highest weekly close since February 2016, also the 52-week high · 25 Sep 2026 | ₹376.60 | −2.0% |
| Lowest weekly close since February 2016 · 17 Feb 2017 | ₹11.63 | +3,074.1% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹183.50 | +101.2% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (566 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Steelcast? 3 Nov 2026: Steelcast closed at ₹369.15, up 13.6% on the week and up 3.4% 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). ## What dividend does Steelcast pay? Steelcast paid ₹1.80 a share in regular dividends in the 12 months to 4 November 2026 (4 payments), a yield of 0.49% at the ₹369.15 close on 3 November 2026. The last was an interim dividend of ₹0.45 a share, ex-date 7 August 2026. ### Steelcast dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 7 Aug 2026 | ₹0.45 | Interim | same day |
| 24 Jul 2026 | ₹0.54 | Dividend | same day |
| 6 Feb 2026 | ₹0.45 | Interim | same day |
| 11 Nov 2025 | ₹0.36 | Interim | same day |
| 8 Aug 2025 | ₹1.80 | Interim | same day |
| 25 Jul 2025 | ₹2.70 | Dividend | same day |
| 7 Feb 2025 | ₹1.80 | Interim | same day |
| 22 Nov 2024 | ₹1.35 | Interim | same day |
| 16 Aug 2024 | ₹1.35 | Interim | 17 Aug 2024 |
| 31 Jul 2024 | ₹3.15 | Dividend | n/a |
| 13 Feb 2024 | ₹1.35 | Interim | same day |
| 15 Nov 2023 | ₹1.35 | Interim | same day |
| 14 Aug 2023 | ₹1.35 | Interim | 16 Aug 2023 |
| 26 Jul 2023 | ₹2.70 | Dividend | n/a |
| 2 Jun 2023 | ₹3.15 | Special | same day |
| 3 Feb 2023 | ₹1.80 | Interim | same day |
| 1 Nov 2022 | ₹1.35 | Interim | 2 Nov 2022 |
| 18 Aug 2022 | ₹0.90 | Interim | 19 Aug 2022 |
| 26 Jul 2022 | ₹1.80 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Steelcast management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/1656-28-Sep-2026.pdf). (From the call for April to June 2026, 28 September 2026.)

## What is the future of Steelcast? What is changing in the business? 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.)

## What is Steelcast's order book? 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.)

## What could change the Steelcast story? What are the risks? 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.)

## What to watch in Steelcast's next results? 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. - What to check (from the call)
- Existing-facility utilization path to show customer-plan conversion; next print should separate operational ramp from greenfield contribution. - check whether freight, tariffs and input costs pressure realised margins. - Newly developed parts to start serial supply; check recurring orders rather than development-only activity. - Greenfield project to advance toward planned commissioning; check construction progress and cash-accrual funding without debt. ## Which stock lists is Steelcast on? Steelcast is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 3687.449504381554](https://www.sectoralpha.in/momentum-stocks-india)

## Is Steelcast profitable? 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. 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. ## How much revenue does Steelcast make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Steelcast keep? 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. 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. ## Is Steelcast's profit turning into cash? 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. 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. ## Where does Steelcast's cash go? 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. 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. ## What is Steelcast's P/E ratio, and how does it compare with its own history? Steelcast Ltd's P/E is 41.2×, near the high end of its own history: higher than 84% 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. Why the multiple is where it is: over the past year earnings per share moved +20.3% while the price moved +64.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +41.6% a year; about +31.3% a year came from earnings growth and about +10.3 percentage points from the multiple (the market paying more); over 10 years the price moved +39.3% a year; about +49.6% a year came from earnings growth and about −10.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Steelcast business getting better or worse? Steelcast Ltd's business is slowing from a peak. Revenue, profit and EPS growth have slowed sharply (revenue growth from +22.4% at its peak to +9.2% now), while ROCE is still 32.7%. This is based on 12 quarters of 4 measures. Why it matters: slowing from a peak is where good stories often end quietly. ## What is the Steelcast story, and has it been checked? Steelcast Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: MID EXPANSION. Our read, 10 October 2026. From the numbers. The current weekly snapshot supplies the matrix label because the separate current-cycle object is absent. The price curve is in stage 2…

From the price. Price stage 2, week 38, above its 200-day line, relative strength rising. From the research. Where they disagree. The current weekly snapshot supplies the matrix label because the separate current-cycle object is absent. There is no…

What is proven. What is not proven yet. 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. What would change our mind. 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. The test written in advance. 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. Measured by: the thesis as written as stated by the next result. The test written in advance. The test written in advance. Guidance resets and commissioning delays. Measured by: Guidance resets and commissioning delays Another utilization reduction or failure to commission the renewable projects by the revised deadline. by the next result. What the company does. Revenue recovered in the latest reported quarter, while operating margin remained below the earlier peak; this is a volume-led recovery rather than a demonstrated margin acceleration. New parts and customer production plans support the existing foundry ramp; the greenfield project contributes later and must not be counted again as near-term earnings fuel. What the surface reading misses. The research reads it further: Margins are above the historical normalized benchmark, so the earnings denominator is not depressed by a margin trough. What the surface reading misses. The surface reading is: A recovered business can appear more affordable on its current earnings than on through-cycle earnings. The research reads it further: Above-normal margins inflate the current earnings denominator. Lever 2 · Value-added mix: building. Developed parts and customer production plans can increase output on the installed asset base. What proves it keeps working: Serial orders and existing-foundry utilization. It stops working if New parts remain in sampling or customers postpone recurring orders, leaving production goals subject to further reductions. Lever 1 · Operating leverage: building. Additional foundry capacity creates a later volume runway, subject to construction and customer absorption. What proves it keeps working: Greenfield capacity for existing customers. It stops working if Commissioning slips or customer production plans no longer support the additional capacity. Lever 4 · Paying down debt: building. Commissioning can reduce purchased-power exposure, but the revised deadline must be met first. What proves it keeps working: Captive renewable power. It stops working if The revised commissioning date slips or actual generation fails to reduce the delivered energy cost. Lever 10 · New geographies: building. A broader customer portfolio reduces dependence on an individual programme, while industrial demand remains the shared exposure. What proves it keeps working: Customer and end-market diversification. It stops working if Domestic and alternative export orders fail to offset slower demand from the concentrated overseas customer base. Sources: our stock research file (10 October 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Steelcast management deliver what it promised? What Steelcast Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. FY27 Capacity Utilization Guidance Reduced · 28 September 2026. In Jun 2026, management expected FY27 capacity utilization at approximately 63%-64%, and the Jul 2026 call reaffirmed 63% for the full year. The Sep 2026 call now goals 60% for FY27 without explaining the reduction, lowering the near-term volume assumption. Renewable Power Commissioning Delayed · 28 September 2026. The Jun 2026 call planned commissioning of the 2.4 MW hybrid power project by June 2026 and associated annual savings. In Sep 2026, management said the project was still under implementation and would be commissioned only before 31st December '26, a material delay without an explanation in the latest call. FY27 Export Mix Reversal · 30 July 2026. In January 2026, management guided FY27 exports at 60% of the mix. In July 2026, management revised the FY27 export outlook to approximately 49-50%, a reduction of roughly 10-11 percentage points, without explaining why the earlier FY27 mix expectation had changed. Renewable Project Commissioning Delay · 30 July 2026. Management had repeatedly indicated that the 2.4 MW hybrid power project would be commissioned by June 2026. In July 2026, the hybrid project was still described as under implementation, with commissioning for both the hybrid and newly mentioned 1.4 MW solar projects pushed to before December 31, 2026, implying a material delay with no explanation. Every quote above is taken word for word from the company’s own earnings calls. ## What is Steelcast management's track record? Management protected the balance sheet and funded growth from cash, but its forward goals have required repeated resets. ### Regulatory and governance record

No company-specific enforcement action surfaced. The insider-trading result concerned Sharon Bio-Medicine and was excluded; Steelcast's own result confirmed dematerialisation compliance. Sources:

- [scanx.trade](https://scanx.trade/stock-market-news/companies/steelcast-limited-reports-20-pat-growth-in-fy26/42485689)
- [scanx.trade](https://scanx.trade/stock-market-news/companies/steelcast-limited-submits-sebi-compliance-certificate-for-q4fy26-dematerialization-process/37398627)
- [scanx.trade](https://scanx.trade/stock-market-news/companies/steelcast-ltd-confirms-no-new-share-encumbrances-in-fy26/43182504)

(Checked 30 August 2026.)

## How much does Steelcast earn on its capital? Steelcast Ltd earned a ROCE of 32% in FY26. That is up from a low of −5% in FY15. Its return on capital used (ROIC) is 14.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 20.6% net margin and 0.92× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 20.6% net margin × 0.92× asset turnover × 1.16× leverage (assets divided by equity) ≈ 22.0% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 26.6% − 12.0% = +14.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. ## Does Steelcast have too much debt? Steelcast Ltd has total debt of ₹0.0 Cr against shareholder equity of ₹326 Cr as of Jun 2025, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.40 in FY22 to 0.00 in FY25. So the returns on this page come from the business, not from borrowed money. Why this happened. Captive generation is a potential cost offset rather than a completed earnings benefit. Earlier commissioning guidance was not met, and future savings depend on generation, utilization and prevailing energy prices. Electricity generation does not itself prove substitution of natural gas throughout the foundry process; that transition remains a separate implementation question. ## What is the Steelcast shareholding pattern? Domestic institutions raised their stake in Steelcast Ltd by 2.8 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 2.8% of the company. Foreign institutions moved +0.4 points over the same period, to 0.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +2.8 points over 8 quarters, to 2.8%; Foreign institutions: +0.4 points over 8 quarters, to 0.5%; Promoters: +0.0 points over 8 quarters, to 45.0%. Why the owners changed: domestic institutions drove it (+2.8 points). They raised their stake step by step. ## How far is Steelcast from balance-sheet trouble? For Steelcast Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Steelcast rank in its industry? 59.5 out of 100, rank 5 of 20 in Castings, Forgings & Fastners, with 96% of the evidence available. Steelcast Ltd scores 59.5 out of 100 against the 20 companies it is compared with in Castings, Forgings & Fastners, ranking 5. Relative strength against the index is 32.1%, and revenue and profit growth are weak. The four parts add up to the total exactly: 14.8 + 19.3 + 8 + 17.4 = 59.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Steelcast compared with? Steelcast ranks 5 of 20 Castings, Forgings & Fastners companies on the 4-Factor Sector Score, with 59.5 out of 100. 1. [Kennametal India Ltd](https://www.sectoralpha.in/stocks/kennametal-india-ltd) KENNAMET · leader · Sector-leading setup · 96% evidence 83.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.7/35 · Revenue 29.1% · Profit 91.2% · Operating margin change 12 points · 88% evidence Capital efficiency 21.5/25 · ROCE 33.2% · Operating margin 27% · 100% evidence Valuation 12.4/20 · P/E 41.4× · PEG 1.34 · 100% evidence Relative strength 18.9/20 · Lead over its industry 16% · Lead over NIFTY 500 34.5% · 1 year 76.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30.7 + 21.5 + 12.4 + 18.9 = 83.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Uniparts India Ltd](https://www.sectoralpha.in/stocks/uniparts-india-ltd) UNIPARTS · losing its lead · Most evidence points up · 96% evidence 76.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.2/35 · Revenue 27.5% · Profit 85.6% · Operating margin change 5 points · 88% evidence Capital efficiency 19.1/25 · ROCE 21.6% · Operating margin 24% · 100% evidence Valuation 16.9/20 · P/E 17.3× · PEG 0.38 · 100% evidence Relative strength 11.3/20 · Lead over its industry 5.1% · Lead over NIFTY 500 22.5% · 1 year 40.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 29.2 + 19.1 + 16.9 + 11.3 = 76.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Sona BLW Precision Forgings Ltd](https://www.sectoralpha.in/stocks/sona-blw-precision-forgings-ltd) SONACOMS · leader · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 42.1% · Profit 21.8% · Operating margin change -2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 14.2% · Operating margin 23% · 100% evidence Valuation 6.5/20 · P/E 71.7× · PEG 3.52 · 100% evidence Relative strength 19.3/20 · Lead over its industry 29.5% · Lead over NIFTY 500 51.4% · 1 year 88.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 15.8 + 6.5 + 19.3 = 65.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Gala Precision Engineering Ltd](https://www.sectoralpha.in/stocks/gala-precision-engineering-ltd) GALAPREC · turning · Evidence leans up · 89% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 31.8% · Profit 37.2% · Operating margin change 1 points · 88% evidence Capital efficiency 13.5/25 · ROCE 15.6% · Operating margin 16.3% · 100% evidence Valuation 12.5/20 · P/E 35× · PEG 1.14 · 65% evidence Relative strength 11.8/20 · Lead over its industry 3.1% · Lead over NIFTY 500 21.3% · 1 year 35.6% · 100% evidence · 6 of 12 weeks ahead Exact sum: 22.3 + 13.5 + 12.5 + 11.8 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Steelcast Ltd this page STEELCAS · leader · Evidence leans up · 96% evidence 59.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue 9.2% · Profit 15.2% · Operating margin change 0 points · 88% evidence Capital efficiency 19.3/25 · ROCE 32.3% · Operating margin 26% · 100% evidence Valuation 8.0/20 · P/E 38.8× · PEG 1.7 · 100% evidence Relative strength 17.4/20 · Lead over its industry 12.9% · Lead over NIFTY 500 32.1% · 1 year 53.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 14.8 + 19.3 + 8 + 17.4 = 59.5 · What this means: Relative strength against the index is 32.1%, and revenue and profit growth are weak. 6. [Amic Forging Ltd](https://www.sectoralpha.in/stocks/amic-forging-ltd) leader · Too little evidence to rank firmly · 53% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.7/35 · Revenue n/a · Profit n/a · Operating margin change 5 points · 15% evidence Capital efficiency 17.1/25 · ROCE 25.2% · Operating margin 33% · 71% evidence Valuation 6.8/20 · P/E 77.5× · PEG n/a · 50% evidence Relative strength 17.4/20 · Lead over its industry 8.4% · Lead over NIFTY 500 27.2% · 1 year 34.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 17.7 + 17.1 + 6.8 + 17.4 = 59 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Balu Forge Industries Ltd](https://www.sectoralpha.in/stocks/balu-forge-industries-ltd) BALUFORGE · breaking out · Evidence leans up · 81% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 19.8% · Profit 18.1% · Operating margin change -3 points · 88% evidence Capital efficiency 18.3/25 · ROCE 22.7% · Operating margin 28% · 100% evidence Valuation 15.3/20 · P/E 20× · PEG 1.16 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.2% · 1 year -31.4% · 25% evidence · 11 of 12 weeks ahead Exact sum: 14.5 + 18.3 + 15.3 + 8 = 56.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Happy Forgings Ltd](https://www.sectoralpha.in/stocks/happy-forgings-ltd) HAPPYFORGE · leader · Evidence leans up · 96% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 15.5% · Profit 21.1% · Operating margin change 2 points · 88% evidence Capital efficiency 17.7/25 · ROCE 18% · Operating margin 31% · 100% evidence Valuation 2.8/20 · P/E 50.4× · PEG 3.72 · 100% evidence Relative strength 12.5/20 · Lead over its industry 7.7% · Lead over NIFTY 500 25.2% · 1 year 71.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.8 + 17.7 + 2.8 + 12.5 = 55.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 9. [Uni Abex Alloy Products Ltd](https://www.sectoralpha.in/stocks/uni-abex-alloy-products-ltd) quiet · Evidence leans up · 83% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 17.2% · Profit 100% · Operating margin change -7 points · 83% evidence Capital efficiency 15.6/25 · ROCE 18.8% · Operating margin 10.5% · 95% evidence Valuation 10.0/20 · P/E 18.2× · PEG n/a · 50% evidence Relative strength 8.6/20 · Lead over its industry 0.2% · Lead over NIFTY 500 17.5% · 1 year 30.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 16.3 + 15.6 + 10 + 8.6 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [CIE Automotive India Ltd](https://www.sectoralpha.in/stocks/cie-automotive-india-ltd) CIEINDIA · basing · Evidence leans down · 100% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 12.4% · Profit 15.3% · Operating margin change -1 points · 100% evidence Capital efficiency 13.9/25 · ROCE 14.7% · Operating margin 14% · 100% evidence Valuation 16.7/20 · P/E 14.4× · PEG 1.14 · 100% evidence Relative strength 2.4/20 · Lead over its industry -28.5% · Lead over NIFTY 500 -13.5% · 1 year -18.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.6 + 13.9 + 16.7 + 2.4 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Ramkrishna Forgings Ltd](https://www.sectoralpha.in/stocks/ramkrishna-forgings-ltd) RKFORGE · leader · Evidence leans down · 67% evidence 48.4 out of 100 Growth Capital Valuation Relative
12. [Nelcast Ltd](https://www.sectoralpha.in/stocks/nelcast-ltd) NELCAST · turning · Evidence leans down · 96% evidence 47.7 out of 100 Growth Capital Valuation Relative
13. [Alicon Castalloy Ltd](https://www.sectoralpha.in/stocks/alicon-castalloy-ltd) ALICON · breaking out · Evidence leans down · 81% evidence 43.6 out of 100 Growth Capital Valuation Relative
14. [M M Forgings Ltd](https://www.sectoralpha.in/stocks/m-m-forgings-ltd) MMFL · losing its lead · Evidence leans down · 96% evidence 41.7 out of 100 Growth Capital Valuation Relative
15. [Tirupati Forge Ltd](https://www.sectoralpha.in/stocks/tirupati-forge-ltd) TIRUPATIFL · turning · Evidence leans down · 96% evidence 40.6 out of 100 Growth Capital Valuation Relative
16. [Bharat Forge Ltd](https://www.sectoralpha.in/stocks/bharat-forge-ltd) BHARATFORG · quiet · Evidence leans down · 71% evidence 37.4 out of 100 Growth Capital Valuation Relative
17. [Sundaram Clayton Ltd](https://www.sectoralpha.in/stocks/sundaram-clayton-ltd) SUNCLAY · quiet · Most evidence points down · 71% evidence 30.1 out of 100 Growth Capital Valuation Relative
18. [Sterling Tools Ltd](https://www.sectoralpha.in/stocks/sterling-tools-ltd) STERTOOLS · quiet · Most evidence points down · 100% evidence 25.4 out of 100 Growth Capital Valuation Relative
19. [Synergy Green Industries Ltd](https://www.sectoralpha.in/stocks/synergy-green-industries-ltd) SGIL · losing its lead · Most evidence points down · 76% evidence 24.4 out of 100 Growth Capital Valuation Relative
20. [Captain Technocast Ltd](https://www.sectoralpha.in/stocks/captain-technocast-ltd) quiet · Too little evidence to rank firmly · 42% evidence 55.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Castings, Forgings & Fastners](https://www.sectoralpha.in/sectors/castings-forgings-fastners), all 20 compared on one page. ## Which companies are close to Steelcast in size? Steelcast is the 8th largest of 20 Castings, Forgings & Fastners companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Ramkrishna Forgings, Kennametal India and Balu Forge Industries. Just below it: Uniparts India, Amic Forging and M M Forgings. ### Castings, Forgings & Fastners companies close in size

1. [Ramkrishna Forgings Ltd](https://www.sectoralpha.in/stocks/ramkrishna-forgings-ltd) ₹12,005 crore
2. [Kennametal India Ltd](https://www.sectoralpha.in/stocks/kennametal-india-ltd) ₹8,105 crore
3. [Balu Forge Industries Ltd](https://www.sectoralpha.in/stocks/balu-forge-industries-ltd) ₹5,371 crore
4. Steelcast Ltd ₹3,522 crore
5. [Uniparts India Ltd](https://www.sectoralpha.in/stocks/uniparts-india-ltd) ₹3,167 crore
6. [Amic Forging Ltd](https://www.sectoralpha.in/stocks/amic-forging-ltd) ₹2,361 crore
7. [M M Forgings Ltd](https://www.sectoralpha.in/stocks/m-m-forgings-ltd) ₹2,332 crore

[All 20 Castings, Forgings & Fastners companies, largest first](https://www.sectoralpha.in/sectors/castings-forgings-fastners#all-companies)

### Companies close in size in other industries

1. [Greenply Industries Ltd](https://www.sectoralpha.in/stocks/greenply-industries-ltd) ₹3,531 crore · Plywood Boards/Laminates
2. [Antelopus Selan Energy Ltd](https://www.sectoralpha.in/stocks/antelopus-selan-energy-ltd) ₹3,525 crore · Oil Drilling & Exploration
3. Steelcast Ltd ₹3,522 crore
4. [Kiri Industries Ltd](https://www.sectoralpha.in/stocks/kiri-industries-ltd) ₹3,513 crore · Dyes & Pigments
5. [GHCL Ltd](https://www.sectoralpha.in/stocks/ghcl-ltd) ₹3,475 crore · Chemicals - Inorganic - Caustic Soda/Soda Ash

## What else do people ask about Steelcast? ### What is Steelcast's share price today? Steelcast Ltd's share price is ₹369.15, +64.1% over the past year. The whole company is worth ₹3,736 Cr on the market. In the last 52 weeks it traded between ₹184 to ₹377; today it is 96% of the way up from the low, 23.8% above its 200-day average (as of 3 November 2026). ### What were Steelcast's latest quarterly results? Steelcast Ltd reported revenue of ₹125 Cr and net profit of ₹24.0 Cr for the Jun 2026 quarter. Revenue rose 16.8% and profit rose 20.0% compared with a year earlier. Earnings per share were ₹2.34. The operating margin was 26.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Steelcast's market cap? Steelcast Ltd's market capitalisation is ₹3,736 Cr at a share price of ₹369.15. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Steelcast performing? Steelcast Ltd's share price has been rising for 38 weeks. In its latest quarter, revenue rose 16.8% and profit rose 20.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 23 weeks running (as of 3 November 2026). ### Will Steelcast's share price go up? This page does not forecast Steelcast Ltd's share price. What it shows instead: the share price is ₹369.15, and it has been rising for 38 weeks. Its P/E of 41.2× is higher than 84% of its own last 10 years (as of 3 November 2026). ### Who owns Steelcast? Promoters own 45.0% of Steelcast Ltd, foreign institutions 0.5%, domestic institutions 2.8% and the public 51.8% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 2.8 percentage points over 8 quarters (as of 3 November 2026). ### Does Steelcast have too much debt? No, Steelcast Ltd has little debt: its debt is 0.00× its equity, and its operating profit is more than 100 times its interest bill. FY26 borrowings were ₹0.0 Cr against equity of ₹395 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Steelcast in its business cycle? Steelcast Ltd's FY26 operating margin was 27.0%, against a 13-year range of −1.6% to 29.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 26.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Steelcast story? The main question: the share price moved +64.1% in a year while yearly earnings per share moved +20.3%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Steelcast a stock worth studying right now? What the numbers show: Steelcast Ltd's share price has risen faster than its earnings: +64.1% in a year, against +20.3% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Steelcast share price forecast for 2026? What management itself guided: Existing-facility utilization: 60% FY27, 79% FY28 and 90% FY29; the Q&A figure differs from 75-76% in opening remarks. 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. What would change the story: 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. ### Where does this page get Steelcast's management information? From Steelcast's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

This is research, not advice. We’re not SEBI-registered.