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Welcast Steels Limited (504988) Fair Value & Analysis

Other · IN · Market cap ₹218M

WS Welcast Steels Limited 504988 · BSE
Price₹690.10
Fair Value₹555.79
Upside-19.5%
Quality51/100
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Evidence: Medium Range ₹383.21 – ₹728.37

Fair value as of: Jul 4, 2026

From 9 valuation models · updated today

Share price −2.4% over the past month.

Price vs Fair Value (12 months)

₹1,287 ₹652.35 Fair Value ₹555.79 Jul 2025 Jul 2026

12‑month range ₹652.35 – ₹1,287 · fair‑value band ₹383.21 – ₹728.37 · the ₹690.10 price screens above the ₹555.79 fair value. As of Jul 4, 2026.

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Analysis

Welcast Steels Limited (504988) currently trades at ₹690.10, while our model-based Fair Value estimate is ₹555.79 — implying the stock looks roughly 19.5% overvalued today. We read business quality at 51/100 (solid quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Welcast Steels Limited generated revenue of ₹1.2B at a net margin of -3.2%. Revenue declined 22.3% year over year. It earns a return on equity of -12.0%. Net debt stands at ₹12.4M. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) ₹1.2B
Revenue growth (YoY) -22.3%
Net margin -3.2%
Return on equity -12.0%
Free cash flow ₹28.2M FY2026
P/E ratio 23.4
More key figures
Operating margin -0.3%
EPS (TTM) ₹30.80
Dividend yield 0.3%
EPS growth (YoY) -91.4%
Net debt ₹12.4M FY2021

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Welcast Steels Limited manufactures and sells high chrome grinding media balls in India. Its products are used for crushing/grinding process in the cement, mining, and mineral processing industries, as well as in thermal power plants. The company also exports its products to the United States, Japan, the United Arab Emirates, Australia, Thailand, Sri Lanka, the United Kingdom, Bangladesh, Indonesia, Oman, Qatar, the Philippines, Slovakia, Hong Kong, Canada, Bulgaria, and Vietnam. The company was incorporated in 1972 and is based in Ahmedabad, India. Welcast Steels Limited is a subsidiary of AIA Engineering Limited.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Welcast Steels Limited reported revenue of ₹458M in FY2026 versus ₹860M in FY2022, a compound −14.6%/yr. Reported net income was −₹53.0M in FY2026.

Revenue −14.6%/yr
FY22 ₹860M
FY23 ₹939M
FY24 ₹911M
FY25 ₹845M
FY26 ₹458M
Net income
FY22 −₹4.9M
FY23 ₹26.4M
FY24 ₹52.5M
FY25 −₹3.4M
FY26 −₹53.0M

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Frequently asked questions

Is Welcast Steels Limited (504988) undervalued?
As of Jul 4, 2026, our model estimates a fair value of ₹555.79 versus a price of ₹690.10 — about −19% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 504988?
Our model-based fair value for Welcast Steels Limited is ₹555.79 (as of Jul 4, 2026), built from audited fundamentals. The current price is ₹690.10.
What is the quality score of 504988?
Welcast Steels Limited has a Quality Score of 51/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Welcast Steels Limited (504988)?
Welcast Steels Limited reported trailing-twelve-month revenue of about ₹1.2B (latest available figure, as of Jul 4, 2026).
What is the net profit margin of 504988?
The net profit margin of Welcast Steels Limited is about -3.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Welcast Steels Limited pay a dividend?
Welcast Steels Limited currently shows a dividend yield of about 0.25% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.