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Earnings Call

Steelcast Earnings Call: Key Takeaways

Steelcast reported strong FY26 performance with 13.3% revenue growth and 20.3% PAT growth. Management is focusing on capacity expansion and diversifying into global mining, earthmoving, and locomotive sectors.

Why this was an Alfa AlertNot a filter event. Aspirational 20% growth and long-term doubling of sales do not meet the >50% YoY single-year guidance threshold.
Highlights
Revenue growth13.33% YoY for FY26; 15.43% QoQ for Q4FY26.
MarginsSustainable EBITDA margins guided at 25-26% despite recent 28-30% highs.
Order bookCycle of 110-120 days; stands at approximately ₹130–135 crores.
Demand visibilityStrong indications from global OEMs; export demand consistently outperforming domestic.
Management confidenceHigh; confident in sustaining 20%+ CAGR despite global uncertainties.

Growth

FY26 Revenue: ₹423.17cr (+13.3% YoY); PAT: ₹86.86cr (+20.3% YoY); EBITDA margin improved 104 bps to 30.64%.

Outlook

Targeting 20%+ CAGR for next 3 years; FY27 PAT goal >₹100cr; plan to double sales by FY29.

Risks

Geopolitical tensions impacting fuel/freight costs; slowdown in railroad segment; raw material cost volatility (+10% in March).

Last quarter's promises, checked

Delivered

  • Guided 11% FY26 growth → delivered 13.3% (= BEAT)
  • Guided sustainable EBITDA 27-28% → delivered 30.64% (= BEAT)
  • Guided 56 parts developed in FY25 → delivered 56 parts (= BEAT)

Partly delivered

  • Guided order book ₹115cr → delivered ₹130-135cr (= BEAT on value but cycle remains 110-120 days)

Missed

  • Guided ~90% utilization by FY28 → delayed to FY29 (= MISS)
Source

Earnings Call filed with BSE, BSE: 513517. Summary written with AI assistance from the document.

Read the document ↗

Steelcast Ltd: 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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