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Latest filing: 2026-08-06 17:17
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9 announcements match the current filters (relevance ≥ 5).
Steelcast Q1 FY27: 19% PAT Growth, Rs 120 Cr Greenfield Expansion Approved
Steelcast reported a strong Q1 FY27 with revenue growing 17% YoY to Rs 124.82 Cr and PAT increasing 19.26% to Rs 23.71 Cr. The company maintained healthy EBITDA margins at 28.23% despite rising input costs. A major Greenfield expansion of 8,500 tons was approved with a Rs 120 Cr investment (approx. 30% of Net Worth) to be deployed over two years. Management has guided for 25% revenue growth in FY27, supported by a current order book of Rs 140 Cr.
Confidence: HIGH
What changedThe company has transitioned from a period of cautious utilization to aggressive expansion, approving a Rs 120 Cr Greenfield project and raising FY27 growth guidance to 25%.
Why it mattersThe expansion represents a significant capacity increase (~29% of current 29,000 TPA) to capture global demand in mining and construction, while renewable energy investments aim to lower operating costs.
Q1 Revenue Growth (YoY): 17%Greenfield Capex: Rs 120 CrCapex vs Net Worth: ~30.4%Order Book: Rs 140 CrEBITDA Margin: 28.23%FY27 Growth Guidance: 25%
📅 Short termPositive outlook expected as the market reacts to strong Q1 earnings and the announcement of a major capacity expansion.
📈 Long termStructural growth potential is high if the company successfully executes the Greenfield project and diversifies into the North American railroad and GET segments.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High revenue concentration in cyclical mining and construction sectors (~77%)
- Execution risk for the Rs 120 Cr Greenfield project
- Raw material and fuel price volatility
Key Highlights
Q1 FY27 Revenue grew 17% YoY to Rs 124.82 Cr with PAT at Rs 23.71 Cr.
Approved Rs 120 Cr Greenfield Foundry expansion for 8,500 tons capacity over 2 years.
Current order book stands at Rs 140 Cr, providing visibility for 3-4 months.
Commissioning 3.8 MW of renewable energy (2.4 MW hybrid + 1.4 MW solar) by Dec 31, 2026.
Management guides for 25% revenue growth in FY27 and 20% long-term CAGR.
👀 What to Watch
Monitor the execution timeline of the Rs 120 Cr Greenfield project and the margin impact of the price hike effective July 1, 2026, in the upcoming Q2 results.
Steelcast Q1FY27 PAT Up 19% to ₹23.7 Cr; ₹120 Cr Greenfield Capex Approved
Steelcast reported a robust Q1FY27 with revenue growing 17% YoY to ₹124.8 Cr and PAT increasing 19.3% to ₹23.7 Cr. The company maintained strong profitability with an EBITDA margin of 28.2% (including other income). A significant ₹120 Cr greenfield expansion for 8,500 TPA capacity has been approved, representing approximately 30% of the company's current net worth. Management has guided for >20% growth in FY27, supported by a shift toward exports which now contribute 62% of total revenue.
Confidence: HIGH
What changedSteelcast has officially approved a major capacity expansion (8,500 TPA) and reported a significant shift in its revenue mix toward higher-margin exports (62%).
Why it mattersThe expansion represents a ~29% increase in total capacity, signaling strong long-term demand visibility. The company's debt-free status and high ROCE (28.6% in FY26) provide a strong foundation for this ₹120 Cr capex.
Q1FY27 PAT: ₹23.7 CrGreenfield Capex: ₹120 CrCapex vs Net Worth: 30.4%Export Revenue Share: 62%Capacity Expansion: 8,500 TPAFY27 Growth Guidance: >20%
📅 Short termThe stock is likely to react positively to the double-digit growth in both revenue and PAT, alongside the announcement of a major growth-oriented capex.
📈 Long termStructural growth is supported by the 'China + 1' strategy and expansion into North American railroads. The addition of 8,500 TPA capacity will be the primary driver for revenue scaling over the next 2-3 years.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High sector concentration in mining and earthmoving (~77% of revenue)
- Susceptibility to raw material price volatility
- Cyclical nature of global mining and construction industries
Key Highlights
Q1FY27 Revenue from operations increased 17% YoY to ₹124.8 Cr.
Export revenue share surged to 62% in Q1FY27 compared to 54% in Q1FY26.
Board approved a ₹120 Cr investment for a new 8,500 TPA Greenfield Foundry over two years.
Sales volumes grew to 4,036 tonnes in Q1FY27 from 3,618 tonnes in the previous year's quarter.
New 2.4 MW hybrid power plant commissioning by Dec 2026 is expected to save ₹3.6 Cr annually.
👀 What to Watch
Watch for the execution timeline of the ₹120 Cr greenfield project and the company's ability to maintain margins amidst raw material price volatility. Monitor the ramp-up in the Ground Engaging Tools (GET) and defense segments as guided by management.
₹120 Cr Greenfield Expansion to Add 8,500 Tons Capacity; Q1 PAT Up 19% YoY
Steelcast Limited has approved a ₹120 crore greenfield foundry to expand its capacity by 8,500 tons, a ~29% increase over its current 29,000 tons. The project is slated for completion by March 2028 and will be funded entirely through internal accruals, maintaining the company's debt-free status. Simultaneously, the company reported strong Q1 FY27 results with revenue growing 17% YoY to ₹124.8 crore and PAT rising 19% to ₹23.7 crore. An interim dividend of ₹0.45 per share was also declared.
Confidence: HIGH
What changedSteelcast is shifting from a period of cautious capacity utilization (previously revised downward) to a major physical expansion phase with a 29% increase in total capacity.
Why it mattersThe expansion is significant as it represents ~30% of the company's current net worth (₹395 Cr) and is funded without debt, leveraging its high 32% ROCE to capture demand in global railroad and mining sectors.
Expansion Investment: ₹120 CrInvestment vs Net Worth: ~30.4%Capacity Addition: 8,500 TonsQ1 Revenue Growth (YoY): 17.0%Q1 PAT Growth (YoY): 19.2%Target Utilization (2029): 90%
📅 Short termThe stock is likely to react positively to the combination of double-digit earnings growth, a dividend declaration, and a major growth-oriented capex announcement.
📈 Long termThe 30% capacity boost provides a structural runway for revenue growth through FY29, assuming the company successfully diversifies into North American railroad markets as planned.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk associated with greenfield projects
- High sector concentration (77% of revenue from cyclical mining/construction)
- Susceptibility to raw material price volatility
Key Highlights
₹120 crore investment approved for a new greenfield foundry to be completed by March 31, 2028
8,500 tons capacity addition represents a 29.3% increase over the existing 29,000 tons capacity
Q1 FY27 Net Profit increased 19.2% YoY to ₹23.71 crore from ₹19.88 crore
Company expects to reach 90% capacity utilization by March 2029, up from the current 63% projection
Interim dividend of ₹0.45 per share (45% of face value) declared with a record date of August 7, 2026
👀 What to Watch
Monitor the quarterly progress of the greenfield project execution and track if the company can sustain its 19% profit growth to justify the 30% capacity expansion.
Steelcast Announces ₹120 Cr Greenfield Expansion and 19% YoY Profit Growth in Q1 FY27
Steelcast Limited reported a strong Q1 FY27 with net profit rising 19.2% YoY to ₹23.71 crore on a 17% increase in total income. The company announced a significant ₹120 crore greenfield expansion to add 8,500 TPA capacity (a ~30% increase over existing capacity) by March 2028, funded entirely through internal accruals. An interim dividend of ₹0.45 per share was also declared. Management expects capacity utilization to reach 90% by FY29, up from the 63% projected for FY27.
Confidence: HIGH
What changedSteelcast has committed to a major capacity expansion phase, increasing its footprint by nearly 30% while maintaining a debt-free status through internal funding.
Why it mattersThe expansion signals strong demand visibility and management's intent to scale beyond current constraints. The investment of ₹120 crore is substantial, representing approximately 30% of the company's net worth.
Expansion Investment: ₹120 CrInvestment vs Net Worth: ~30.4%Capacity Addition: 8,500 TPAQ1 Net Profit: ₹23.71 CrInterim Dividend: ₹0.45 per shareRecord Date: August 7, 2026
📅 Short termThe stock is likely to react positively to the combination of double-digit profit growth and a large, internally funded expansion plan.
📈 Long termThe expansion could structurally re-rate the business if the company successfully achieves its 90% utilization target by FY29 and reduces its dependence on cyclical mining sectors.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk associated with the 2-year greenfield project timeline
- High revenue concentration (77%) in cyclical mining and construction sectors
Key Highlights
Net profit increased 19.2% YoY to ₹23.71 crore for the quarter ended June 30, 2026.
Approved ₹120 crore investment for a new 8,500 TPA greenfield foundry, representing a 29.3% capacity increase.
Interim dividend of ₹0.45 per share (45% of face value) declared with a record date of August 7, 2026.
Total income grew 17% YoY to ₹128.06 crore compared to ₹109.41 crore in the previous year's quarter.
Expansion project is slated for completion within 2 years, by March 31, 2028.
👀 What to Watch
Monitor the construction progress of the greenfield foundry and track whether the company can sustain its 20% CAGR target while diversifying into North American railroad markets.
Steelcast Q1 PAT up 19%; announces Rs 120 Cr Greenfield expansion (30% of Net Worth)
Steelcast Limited reported a strong Q1 FY27 with net profit rising 19.3% YoY to Rs 23.71 Cr and revenue increasing 17% to Rs 124.82 Cr. The board approved a significant Greenfield expansion of 8,500 Tons, representing a 29.3% increase over existing capacity, with a Rs 120 Cr investment funded entirely via internal accruals. This capex represents approximately 30.4% of the company's current net worth. Additionally, the company declared an interim dividend of Rs 0.45 per share with a record date of August 7, 2026.
Confidence: HIGH
What changedSteelcast has committed to a major capacity expansion representing nearly 30% of its current scale, funded without external debt, while maintaining double-digit earnings growth.
Why it mattersThe expansion signals high confidence in demand from the North American railroad and global mining sectors. Funding the Rs 120 Cr capex through internal accruals highlights the company's strong cash-generating ability and zero-debt status.
Q1 Net Profit: Rs 23.71 CrExpansion Capex: Rs 120 CrCapex vs Net Worth: ~30.4%Capacity Addition: 8,500 TonsInterim Dividend: Rs 0.45 per shareRaw Material Cost Increase (YoY): 46.4%
📅 Short termThe stock is likely to react positively to the combination of earnings growth, a significant debt-free expansion plan, and an immediate dividend payout.
📈 Long termThe 29% capacity addition supports the company's 20% CAGR target and structural shift toward high-value machined components for global markets.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk of the 2-year Greenfield project
- High revenue concentration (77%) in cyclical mining and construction sectors
- Significant increase in raw material consumption costs (Rs 34.2 Cr vs Rs 23.4 Cr YoY)
Key Highlights
Net profit increased 19.3% YoY to Rs 23.71 Cr for the quarter ended June 30, 2026
Approved Rs 120 Cr Greenfield foundry expansion to add 8,500 Tons of capacity by March 2028
Capacity expansion represents a 29.3% increase over the current 29,000 TPA capacity
Management targets 90% capacity utilization by March 2029, up from the current projected 63%
Declared first interim dividend of Rs 0.45 per share (45% of face value)
👀 What to Watch
Watch for the commencement of the Greenfield project and the company's ability to maintain margins despite a 46% YoY increase in raw material costs seen this quarter.
Steelcast Limited FY26 PAT Grows 20% to ₹86.86 Cr; Targets ₹100 Cr+ PAT in FY27
Steelcast Limited reported a strong FY26 performance with revenue growing 13.33% to ₹423.17 crore and PAT increasing 20.31% to ₹86.86 crore. The company maintains a debt-free balance sheet with cash reserves of ₹114 crore and has seen exports contribute over 60% of total revenue. Management has provided an optimistic outlook, targeting a PAT of over ₹100 crore in FY27 and a doubling of sales by FY29. Due to robust demand and new product approvals, the company has advanced its capacity expansion decision timeline to July 2026.
Key Highlights
FY26 Revenue increased by 13.33% YoY to ₹423.17 crore, while PAT grew by 20.31% to ₹86.86 crore.
EBITDA margins improved by 104 bps YoY to 30.64% despite global geopolitical and cost pressures.
Exports now account for over 60% of total revenue, driven by North American demand and global supply chain diversification.
Management targets a 20% CAGR over the next three years and aims to double sales by FY29 using existing capacity.
A 2.4 MW hybrid power project is set for commissioning in June 2026, expected to save ₹3.6 crore annually.
👀 What to Watch
Investors should take note of the management's aggressive growth targets and debt-free status as strong positive indicators. Monitor the upcoming July 2026 capex announcement for clarity on long-term capacity expansion and serial supply orders in the defense segment.
Steelcast FY26 PAT Rises 20% to ₹86.9 Cr; Targets >20% Growth in FY27
Steelcast Limited delivered a robust performance for FY26, with revenue growing 13.3% YoY to ₹423.2 Cr and PAT increasing 20.3% to ₹86.9 Cr. The company achieved a significant EBITDA margin of 30.6%, supported by a 60% contribution from exports. Steelcast remains debt-free with a net cash position of ₹95.4 Cr and has provided a positive outlook, targeting over 20% growth in FY27. Operational efficiency is expected to improve further with the commissioning of a new 2.4 MW hybrid power plant by June 2026.
Key Highlights
FY26 Revenue increased by 13.3% YoY to ₹423.2 Cr, while PAT grew 20.3% to ₹86.9 Cr.
EBITDA margins expanded to 30.6% in FY26 from 29.6% in the previous fiscal year.
Export revenue share increased to 60% in FY26 compared to 53% in FY25.
The company is completely debt-free with a total cash and bank balance (including investments) of ₹95.4 Cr.
Management has guided for >20% growth in FY27, driven by mining, earthmoving, and defense sectors.
A new 2.4 MW hybrid power plant is expected to generate annual power cost savings of ~₹3.6 Cr starting Q1FY27.
👀 What to Watch
Investors should view the strong margin profile, debt-free balance sheet, and 20% growth guidance as positive indicators. The company's increasing focus on high-margin exports and captive green energy provides a solid foundation for long-term value creation.
Steelcast FY26 Net Profit Rises 20% to ₹86.86 Cr; Final Dividend of ₹0.54 Declared
Steelcast Limited reported a strong annual performance for FY26, with net profit growing 20.3% YoY to ₹86.86 crore. Total income for the full year rose 15.2% to ₹438.62 crore, although Q4 FY26 saw a slight year-on-year decline in both revenue and profit. The company recommended a final dividend of ₹0.54 per share, bringing the total dividend for the year to ₹1.71 per share. Additionally, the board approved the re-appointment of Mr. Chetan M Tamboli as Managing Director for a five-year term starting September 2026.
Key Highlights
Annual Net Profit increased by 20.3% to ₹86.86 crore in FY26 from ₹72.20 crore in FY25.
Total Income for the full year FY26 grew to ₹438.62 crore, up from ₹380.61 crore in the previous fiscal.
Recommended a final dividend of ₹0.54 per share (54%), resulting in a total FY26 dividend of ₹1.71 per share.
Q4 FY26 net profit stood at ₹23.18 crore, a 13.4% decline compared to ₹26.77 crore in Q4 FY25.
Re-appointed Mr. Chetan M Tamboli as Chairman and Managing Director for a further 5-year period effective September 1, 2026.
👀 What to Watch
Investors should view the robust annual growth and consistent dividend payouts as positive signs, though the slight dip in Q4 performance warrants monitoring of quarterly margin trends.
Steelcast Q3 FY26: PAT Grows 7% to ₹20.6 Cr; EBITDA Margins Expand to 32% Despite Revenue Dip
Steelcast Limited reported a resilient Q3 FY26 with PAT growing 7.17% YoY to ₹20.59 crores, despite a 3.08% decline in revenue to ₹97.4 crores. The company achieved significant margin expansion, with EBITDA margins rising 297 basis points to 32.04% due to operational efficiencies and lower input costs. Management has provided a strong outlook, guiding for an 11% growth in FY26 and a 20% CAGR over the next three years, supported by the development of 144 new parts. Capacity utilization is projected to scale from the current 46% to 90% by FY29.
Key Highlights
Q3 FY26 PAT increased 7.17% YoY to ₹20.59 Cr, while EBITDA margins reached a high of 32.04%.
Management maintains a 20% CAGR growth guidance for the next 3 years with a target of 90% capacity utilization by FY29.
Steelcast products remain 5% to 13% more price-competitive than Chinese offerings in the US market despite tariff concerns.
A 2.4-MW hybrid power plant project is expected to be commissioned by June 2026, yielding annual savings of ₹3.5-4 Cr.
Exports contributed 63% of total revenue, with plans to increase EU market share to 20% in the next fiscal year.
👀 What to Watch
Investors should monitor the company's progress in scaling capacity utilization from 46% toward the 90% target, which will be a key driver for future earnings. The strong margin profile and competitive pricing against Chinese exports make it a robust play in the global casting and forging sector.
