Steelcast Limited (STEELCAS) Financial Results — Revenue ₹423.17 Cr

Investor Takeaways

Revenue grew 13.33% YoY to ₹423.17 crores, driven by export growth exceeding 60% of total revenue.

Net Profit increased 20.31% YoY to ₹86.86 crores.

Cash reserves stood at ₹114 crores with a debt-free balance sheet.

Target of >₹100 crores PAT in FY27 and double sales by FY29; capex decision pending review by Dec.26.

Overall Tone: Neutral

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹423.17 Cr	13.33%
Net Profit	₹86.86 Cr	20.31%
EBITDA	Not available	N/A
EPS	Not available	N/A
OPM	Not available	N/A

What Changed

Steelcast Limited reported FY26 revenue of ₹423.17 crores, reflecting a 13.33% year-on-year increase, and PAT of ₹86.86 crores, up 20.31% YoY. The growth was primarily driven by export performance, which contributed over 60% of total revenue. The company maintains a debt-free balance sheet with ₹114 crores in cash reserves. Management emphasized cost discipline and outlined strategic targets of achieving over ₹100 crores PAT in FY27 and doubling sales by FY29. Capex decisions for capacity expansion are under review, with a timeline set for resolution by December 26, 2026. Demand visibility is expected to improve by the end of July 2026. The forward guidance includes a projected compound annual growth rate of over 20% through FY29, contingent on favorable geopolitical and supply chain conditions.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Steelcast Limited	31.68	N/A	N/A	2,864.97
Bharat Electronics Limited	62.03	N/A	N/A	3,09,678.78
Hindustan Aeronautics Limited	33.73	N/A	N/A	2,93,338.09
Cummins India Limited	74.38	N/A	N/A	1,49,466.24

Steelcast’s P/E ratio of 31.68 is lower than peers such as Cummins India (74.38) and comparable to Hindustan Aeronautics (33.73), suggesting relatively moderate valuation against high-growth peers.

Risks & Concerns

No specific risks were explicitly highlighted in the filing.

Geopolitical and supply chain risks are acknowledged as potential headwinds to growth targets.

Capex decisions remain pending, which could impact execution of expansion plans.

Quarterly Trend

[Not available in provided data. This section is omitted per instructions.]

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About Steelcast Limited (STEELCAS)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹2,864.97 Cr P/E: 31.7

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🔥 Also filed on 8 June 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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