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Employees: 1,081
Size Steelcast (STEELCAS.NS) is an India Materials company (Steel) with a market value of $387M, the 956th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹361.10 on 6 Nov 2026.
Performance Over six months the shares gained 23.1%, against -7.3% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 8.9% over the last twelve months (peer median +0.7%); the operating margin is 24.0% (peer median 3.0%).
Valuation It trades at 8.3× enterprise value to sales against a peer median of 1.1× (most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.4 points above its cost of capital (12.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹4.41B | ₹4.17B | ₹3.69B | ₹4.01B | ₹4.64B |
| Revenue growth | — | +13% | -8% | -14% | — |
| Gross profit | ₹1.24B | ₹1.13B | ₹1.04B | ₹1.05B | ₹1.01B |
| EBITDA | ₹1.19B | ₹1.10B | ₹1.00B | ₹1.09B | ₹1.02B |
| Net income | ₹907M | ₹869M | ₹722M | ₹750M | ₹705M |
| Free cash flow | n/a | ₹587M | ₹590M | ₹504M | ₹586M |
| Capital expenditure | n/a | ₹325M | ₹185M | ₹181M | ₹471M |
| Total debt | n/a | ₹0 | ₹455,000 | ₹832,000 | ₹236M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | STEELCAS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.3% | -9.0% | 5th highest of 21 |
| 6-month return | +23.1% | -7.3% | 2nd highest of 21 |
| Distance from 52-week high | -7.6% | -27.5% | highest of 21 |
| Revenue growth (TTM) | +8.9% | +0.7% | 7th highest of 21 |
| Operating margin | 24.0% | 3.0% | highest of 21 |
| EV / Sales | 8.3× | 1.1× | most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 30.2% | 6.6% | 2nd most demanding of 12 |
| Growth delivered (Del g) | +22.2% | +7.5% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | +8.0 pp | +1.3 pp | 4th most demanding of 12 |
| ROIC minus cost of capital | +7.4 pp | -3.7 pp | highest of 20 |
| EV / EBITDA | 30.8× | 12.2× | 2nd most expensive of 13 |
| Net debt / EBITDA | -0.8× | 1.6× | 3rd least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Steelcast STEELCAS.NS | India | $387M | +23% | +9% | 24% | 8.3× | 30.2% | +22.2% |
| Kalyani Steels KSL.NS | India | $392M | -5% | -5% | 17% | 2.0× | 19.1% | +9.4% |
| Kirloskar Industries KIRLOSIND.NS | India | $381M | +2% | +4% | 8% | 0.5× | 3.2% | +27.5% |
| Venus Pipes & Tubes VENUSPIPES.NS | India | $377M | +21% | +22% | 14% | 2.9× | n/a | n/a |
| Vardhman Special Steels VSSL.NS | India | $371M | +31% | +15% | 11% | 1.8× | n/a | n/a |
| China Oriental 0581.HK | Hong Kong | $413M | -31% | 0% | 2% | 0.2× | n/a | n/a |
| Osaka Steel 5449.T | Japan | $416M | -11% | -17% | -2% | 0.8× | n/a | n/a |
| Shengtak New Material 300881.SZ | China | $416M | -50% | +9% | 4% | 1.3× | n/a | n/a |
| Jiangsu Wujin Stainless Steel Pipe 603878.SS | China | $360M | -46% | -9% | -4% | 1.2× | 6.6% | -0.6% |
| Hsin Kuang Steel 2031.TW | Taiwan | $418M | +6% | -3% | 8% | 1.4× | 1.3% | +11.3% |
| John Cockerill India COCKERILL.NS | India | $358M | +23% | +174% | -1% | 3.6× | 21.5% | +0.4% |
| Tubacex TUB.MC | Spain | $358M | -6% | -7% | -2% | 1.2× | 15.7% | +9.3% |
| Kg Dongbusteel 016380.KS | South Korea | $354M | -32% | +6% | 2% | 0.1× | -14.9% | +6.4% |
| Chubu Steel Plate 5461.T | Japan | $353M | -3% | +19% | 0% | 0.8× | n/a | n/a |
| SK oceanplant 100090.KS | South Korea | $430M | -62% | -5% | 8% | 0.9× | n/a | n/a |
| SeAH 058650.KS | South Korea | $346M | -27% | +16% | 4% | 0.5× | n/a | n/a |
| YC Inox 2034.TW | Taiwan | $344M | +4% | -20% | 3% | 1.9× | n/a | n/a |
| Liaoning Fu-An Heavy Industry 603315.SS | China | $439M | -46% | -4% | 3% | 3.2× | 31.1% | +7.5% |
| Topy Industries 7231.T | Japan | $440M | +1% | +2% | 2% | 0.3× | 6.0% | +5.8% |
| Chun Yuan Steel Industry 2010.TW | Taiwan | $445M | -8% | +2% | 8% | 0.7× | -11.7% | +4.7% |
| Electrosteel Castings ELECTCAST.NS | India | $450M | -25% | -16% | 2% | 0.7× | 12.6% | +11.3% |