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Earnings Call Transcript

Steelcast Earnings Call Transcript: Key Takeaways

Steelcast reports strong Q1 FY27 growth, hitting 17% revenue and 19% PAT increases. Management maintains a highly optimistic outlook, banking on massive volume expansion and new greenfield capacity to drive FY27 targets.

Guidance and delivery
Management target Revenue 25.0% FY27
Highlights
Revenue growth17% YoY revenue growth to 124.82 crore.
MarginsEBITDA margins stable at 28.2%; expansion expected from operating leverage.
Order bookCurrent order book stands at 140 crore, covering roughly one quarter.
Demand visibilityStrong visibility in mining, construction, and earthmoving across 16 countries.
Management confidenceExtremely confident, projecting 25% growth for the full year.

Growth

17% YoY revenue growth driven by robust mining, earthmoving, and construction demand. 19% PAT growth reflects strong operational efficiency.

Outlook

Guided 25% revenue growth for FY27 and 20% CAGR over the coming years. New 8,500-ton greenfield plant expected by March FY28.

Risks

High input costs for raw materials and natural gas; pivot away from US railroads creates concentration risk in other segments.

Last quarter's promises, checked

Delivered

  • Guided 20% plus growth for FY27 → delivered 17% in Q1 (BEAT - on track)
  • Guided price adjustments for input costs → delivered July 1st price correction (BEAT)
  • Guided 100 Cr+ PAT for FY27 → delivered 19% PAT growth in Q1 (BEAT - on track)

Partly delivered

  • Guided 3.8% revenue from ground tools → delivered partial progress via 100+ new parts (PARTIAL)
  • Guided capacity decision by July 2026 → delivered 120 Cr greenfield plan (PARTIAL - early stage)
Source

Earnings Call Transcript filed with NSE, NSE: STEELCAS. Summary written with AI assistance from the document.

Read the document ↗

Steelcast Limited: key numbers

Share price
₹376.50
Market cap
₹3,810 Cr
Revenue (annual)
₹423.2 Cr
Net profit (annual)
₹86.86 Cr
P/E (TTM)
42.0×Sector 53.6×
Promoter holding
45.00%+0.00% QoQ
FII holding
0.29%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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