Business Analysis (Fundamental + Technical Analysis) of STEEL CAST LTD.
Company Details:
Steelcast Ltd is an Indian company that specializes in the manufacture of steel castings. It was established in the year 1984, and is headquartered in Bhavnagar, Gujarat, India.
Steelcast Ltd is an Indian company that specializes in the manufacture of steel castings. It was established in the year 1984, and is headquartered in Bhavnagar, Gujarat, India.
Products:
The Co has a wide range of casting products like Carbon Steel, Low Alloy Steel, High Alloy Steel, Manganese Steel and other Superior Grades of Wear and Abrasion Resistant Steel Castings produced by No Bake and Shell Molding Processes.
The Co has a wide range of casting products like Carbon Steel, Low Alloy Steel, High Alloy Steel, Manganese Steel and other Superior Grades of Wear and Abrasion Resistant Steel Castings produced by No Bake and Shell Molding Processes.
The Co is one of the few companies in India and globally to manufacture steel castings based on the Sand and Shell Casting Process.
Industries Catered:
The Co caters to a host of OEMs for different Industry Sectors like Earth Moving, Mining & Mineral Processing, Steel Plants, Cement, Thermal & Hydro Power, Valves & Pumps, Electro Locomotive, Aerobridge, Oil Field, Shipping and General Engineering.
The Co caters to a host of OEMs for different Industry Sectors like Earth Moving, Mining & Mineral Processing, Steel Plants, Cement, Thermal & Hydro Power, Valves & Pumps, Electro Locomotive, Aerobridge, Oil Field, Shipping and General Engineering.
Manufacturing Facility
The Coβs manufacturing facility is located at Bhavnagar, Gujarat with a total casting capacity of 30,000 MTPA as of March 31, 2022.
The Coβs manufacturing facility is located at Bhavnagar, Gujarat with a total casting capacity of 30,000 MTPA as of March 31, 2022.
It has installed one of the best foundry equipment from M/s. IMF, Italy and M/s. OMEGA, the UK which helps the co. in ensuring reproducibility at every workstation.
Clientele:
The co caters to highly reputed multinationals clients both in India and abroad including Escorts, JCB, Hensley, Komatsu, New York Air Brake, Hendrickson etc.
The co caters to highly reputed multinationals clients both in India and abroad including Escorts, JCB, Hensley, Komatsu, New York Air Brake, Hendrickson etc.
New Products:
With 240 parts in its product portfolio, the Co. has one of the largest product offerings in Indiaβs specialized castings sector. Since FY18, the Co. has developed and commercialized 60 new parts. This accounted for 16% of the Companyβs revenues in FY22.
With 240 parts in its product portfolio, the Co. has one of the largest product offerings in Indiaβs specialized castings sector. Since FY18, the Co. has developed and commercialized 60 new parts. This accounted for 16% of the Companyβs revenues in FY22.
Global Presence:
The Co exports about half of its products across the USA, Germany, Thailand, Singapore, Denmark, Mexico, Brazil, China, South Korea and Japan. Co. plans to expand its export presence to 15+ countries by FY27.
The Co exports about half of its products across the USA, Germany, Thailand, Singapore, Denmark, Mexico, Brazil, China, South Korea and Japan. Co. plans to expand its export presence to 15+ countries by FY27.
Partnering with Indian Defense Units:
The Co is making its constant endeavor to contribute to the defense of the nation by partnering with the Indian Defense units. It expects an improvement in this sector considering the Government push through schemes like Make in India.
The Co is making its constant endeavor to contribute to the defense of the nation by partnering with the Indian Defense units. It expects an improvement in this sector considering the Government push through schemes like Make in India.
Focus:
The Co plans to enter into new sectors and introduce new products for its customers. It has initiated a rationalization plan which focuses on product development and business development. It also continues to focus on de-risking business strategies.
The Co plans to enter into new sectors and introduce new products for its customers. It has initiated a rationalization plan which focuses on product development and business development. It also continues to focus on de-risking business strategies.
Peer Comparision:
Balance Sheet:
Profit & Loss:
Latest Results:
Technical Chart:
Valuation:
As per looking the current growth of the Company it is available at attractive valuation. As per looking at Technical Charts 390 is weekly support, 430-510 is accumulation zone and above 561 closing it will be in Blue Sky Zone.
As per looking the current growth of the Company it is available at attractive valuation. As per looking at Technical Charts 390 is weekly support, 430-510 is accumulation zone and above 561 closing it will be in Blue Sky Zone.
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