Steelcast Limited (STEELCAS) Fair Value & Analysis

Basic Materials · IN · Market cap ₹31.4B

A solid business, but screening 69% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹146.27). The favourable scenario is already priced in.
• Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (₹65.53 to ₹146.27) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

57‑month range ₹51.73 – ₹996,338 · fair‑value band ₹65.53 – ₹146.27 · the ₹352.10 price screens above the ₹110.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Steelcast Limited (STEELCAS) currently trades at ₹352.10, while our model-based Fair Value estimate is ₹110.64, implying the stock looks roughly 68.6% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Basic Materials 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: high).

Over the trailing twelve months, Steelcast Limited generated revenue of ₹4.2B at a net margin of 20.5%. Revenue declined 6.9% year over year. It earns a return on equity of 24.1%. The balance sheet holds a net cash position of ₹166M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹65.53 (bear case) to ₹146.27 (bull case); at ₹352.10, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at -69%, STEELCAS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (₹151.30) versus Asset-Based (₹26.15). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Steelcast Limited manufactures and sells steel and alloy castings in India. The company offers adapter and tooth point, front axle spindle, axle housing, component for backhoe loader, track shoe, cross member, tilt lever, spindle, sprocket, steering case, lift arm, drive tube, saddle, and support; apron pan assembly, cutting edge, idler, rack and pinion, …

Full company description

Steelcast Limited manufactures and sells steel and alloy castings in India. The company offers adapter and tooth point, front axle spindle, axle housing, component for backhoe loader, track shoe, cross member, tilt lever, spindle, sprocket, steering case, lift arm, drive tube, saddle, and support; apron pan assembly, cutting edge, idler, rack and pinion, fork type corner tooth, box type tooth point, tooth point and adapter, countinuos drag chain, deck panel, jaw plate, bowl liner, cutter, track shoe assembly, hammer, ring hammer, linkage, bearing support, tri power hub, track link, and bowl and mantle; and side frame, coupler body, and bolster. It also provides grate bar; blow bar, cooler grate plate, zet ring, drag chain link, hammer, chamber shell liner, diaphragm plate, cement mill liner, inside view of cement mill, and cooler plate and segmental tip, as well as grinding segment, roller, tyre, and table segment; and guide vane, hollow ball, plain and toothed ring hammer, turbine body casing, and grinding roller. In addition, the company offers valve body, bonnet, yoke, wedge, and pump-body casing and impeller, and wedge; pressure plate, support coil, bearing housing, cylinder head, and commercial chamber; centre wheel; body casing equipment; anchor and shank assembly, and segment feede; and car shredding hammer, gate valve, deflector, fifth wheel, impeller, plastic injection mold plate, steel back tyre, and suction guide. It serves its products for earth moving, mining and mineral processing, railway, steel plants, cement, energy, valves and pumps, electro locomotive, aerobridge, oil exploration, shipping, and general engineering industries. It also exports its products in Germany, the United States, Thailand, Singapore, Mexico, Brazil, Denmark, Slovakia, Poland, South Korea, Japan, China, Australia, Israel, and Canada. The company was founded in 1960 and is headquartered in Bhavnagar, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Steelcast Limited reported revenue of ₹4.2B in FY2026 versus ₹3.0B in FY2022, a compound +9.3%/yr. Reported net income was ₹869M in FY2026, compounding +27.1%/yr from FY2022.

STEELCAS screens 69% overvalued. Compare with JSW Steel Limited →

Peer Group

Steel · 380 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Steel median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.