Steelcast Limited, formerly incorporated as Steelcast Bhavnagar Private Limited on February 11, 1972, by the Late F P Tamboli of Jamnagar, Gujarat, was renamed to Steelcast Limited in December 1988. The company is engaged in the castings manufacturing business, specializing in high-quality steel and alloy steel castings for diverse industrial applications.
Steelcast Limited is engaged in the business of manufacturing steel and alloy steel castings catering to a host of original equipment manufacturers (OEMs) for diverse industrial sectors. The company offers 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 bake and shell moulding processes.
Steelcast Limited has a market capitalization of ₹2,406 crores as of July 2025, positioning it as a significant player in the Indian castings industry. Over the past six months, the Steelcast share price has increased by 30.71%, and in the last one year, it has increased by 71.32%, demonstrating strong market confidence in the company's growth trajectory.
The company is one of the few casting companies to manufacture steel castings through the sand and shell molding process to produce 300+ parts ranging from 2.5 kg to 2,500 kgs, showcasing its diverse manufacturing capabilities and technical expertise.
For the full year ended March 2025, net profit declined 3.73% to Rs 72.20 crore compared to Rs 75.00 crore in the previous year, while sales declined 8.21% to Rs 376.17 crore compared to Rs 409.81 crore in the previous year. However, the company showed resilience with quarterly improvements.
Net profit for the quarter ended March 2025 rose 43.08% to Rs 26.77 crore compared to Rs 18.71 crore in the previous quarter ended March 2024, while sales rose 22.75% to Rs 120.79 crore compared to Rs 98.40 crore. This quarterly performance indicates strong operational recovery and market demand.
• Revenue (FY 2025): Rs 376 crore
• Net Profit (FY 2025): Rs 72.2 crore
• Net Profit (Q4 FY 2025): Rs 26.77 crore
• Sales (Q4 FY 2025): Rs 120.79 crore
• Profit Growth (5-year CAGR): 55.6%
• ROE (3-year track record): 29.8%
• Market Capitalization: ₹2,406 crores (as of July 2025)
The company's wide range of products includes austenitic manganese steel, carbon steel, low/high alloy steel, and high chromium ferrous alloys. It has entered into a technical collaboration with Kurimoto to manufacture super grades of wear and abrasion-resistant ferrous castings. This partnership enhances the company's technological capabilities and product quality standards.
The company manufactures high-quality castings with an installed capacity of 4,500 tonnes per annum, serving critical applications across multiple industries including mining, cement, railway, and power generation.
During 1995-96, the company was certified by RW TUV, Germany for Quality Standards ISO 9002, demonstrating its commitment to international quality standards and manufacturing excellence.
The company's renowned customers include Neyveli Lignite Corporation, Northern Coalfields, Kesoram Cement, NMDC, Raasi Cement, BEML, and BHEL, indicating strong relationships with major industrial players and government enterprises.
The company serves OEMs for industry sectors such as earth moving, mining and mineral processing, railway, steel plants, cement, energy, valves and pumps, electro locomotive, aerobridge, oil exploration, shipping, and general engineering.
The company has commissioned its 5 MW solar power plant in Umrala Taluka of Bhavnagar District in Gujarat for captive use effective from March 30, 2023, demonstrating its commitment to sustainable manufacturing and cost optimization.
The board of directors recommended a final dividend of Rs 2.7 per equity share (54%) for FY 2025, subject to shareholder approval, reflecting the company's commitment to returning value to shareholders despite challenging market conditions.
The company is almost debt-free and has reduced debt significantly, providing a strong foundation for future growth investments. The company has been maintaining a healthy dividend payout of 22.7%, balancing growth investments with shareholder returns.
The company's leadership includes Chetan M Tamboli as chairman and Umesh V Bhatt as company secretary, providing experienced management oversight for strategic direction and operations.
Fortune India Magazine in its May 2025 edition included Steelcast Limited in the list of Top 100 Emerging Companies of India, titled as Fortune India 100 Emerging Stars. This recognition underscores the company's emerging market position and growth potential in the Indian industrial landscape.
Steelcast Limited represents a compelling investment opportunity in the Indian castings industry, with strong technical capabilities, quality certifications, and a diversified client base across critical industrial sectors. The company's focus on high-value products, sustainable manufacturing practices, and strong financial discipline positions it well for long-term growth in India's expanding industrial landscape.
