Welcast Steels

how big is Welcast Steels?

As of Jun 06, Welcast Steels Ltd has a market capitalization of 80.00 Cr, classifying it as a Micro Cap company, with recent net sales of 84.33 Cr and a net profit of -0.34 Cr. The shareholder's funds are 40.31 Cr, and total assets amount to 49.48 Cr.

Market Cap: As of Jun 06, Welcast Steels Ltd has a market capitalization of 80.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest 4 quarters, Welcast Steels reported a sum of Net Sales of 84.33 Cr and a sum of Net Profit of -0.34 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at 40.31 Cr, and the Total Assets amount to 49.48 Cr.

Who are in the management team of Welcast Steels?

As of March 2023, the management team of Welcast Steels includes D P Dhanuka (Chairman), Bhadresh K Shah (Non Executive Director), Pradip R Shah, Sanjay Shailesh Majmudar, Ashok A Nichani (all Independent Directors), S N Jetheliya (Company Secretary), and Khushali Samip Solanki (Director). Each member plays a key role in the company's governance and compliance.

As of March 2023, the management team of Welcast Steels includes the following individuals:<BR><BR>1. D P Dhanuka - Chairman & Independent Director<BR>2. Bhadresh K Shah - Non Executive Director<BR>3. Pradip R Shah - Independent Director<BR>4. Sanjay Shailesh Majmudar - Independent Director<BR>5. Ashok A Nichani - Independent Director<BR>6. S N Jetheliya - Company Secretary & Compliance Officer<BR>7. Khushali Samip Solanki - Director<BR><BR>Each member holds a significant role within the company, contributing to its governance and compliance.

What does Welcast Steels do?

Welcast Steels Ltd is a micro-cap company that manufactures High Chrome Grinding Media Balls for the cement, mining, and thermal power industries. As of March 2025, it reported net sales of 21 Cr and a market cap of Rs 80 Cr.

Overview:<BR>Welcast Steels Ltd is a micro-cap company in the Other Industrial Products industry, specializing in the manufacture and marketing of High Chrome Grinding Media Balls used in crushing and grinding processes for cement, mining, and thermal power plants.<BR><BR>History:<BR>Incorporated in February 1972, Welcast Steels Ltd has maintained its focus on manufacturing grinding media. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 21 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 80 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 33 <BR>Dividend Yield: 0.20% <BR>Debt-Equity: -0.46 <BR>Return on Equity: -0.86% <BR>Price to Book: 2.02<BR><BR>Contact Details:<BR>Address: 115-116 G V M M Estate, Odhav Road Odhav Ahmedabad Gujarat : 382415 <BR>Tel: 91-079-22901078 <BR>Email: info@welcaststeels.com <BR>Website: http://www.welcaststeels.com

Has Welcast Steels declared dividend?

Yes, Welcast Steels Ltd has declared a dividend of 25% (₹2.5 per share) with an ex-date of August 26, 2024. While recent total returns show negative performance in the short term, longer-term returns have been significantly positive.

Welcast Steels Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 25%<BR>- Amount per share: 2.5<BR>- Ex-date: 26 Aug 24<BR><BR>Dividend Yield: 0.2%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -9.42%, with a dividend return of 0%, resulting in a total return of -9.42%.<BR><BR>Over the past year, the price return was -2.72%, the dividend return was 0.19%, leading to a total return of -2.53%.<BR><BR>In the 2-year period, the price return was 88.44%, the dividend return was 0.72%, culminating in a total return of 89.16%.<BR><BR>For the 3-year period, the price return stood at 220.51%, with a dividend return of 1.40%, resulting in a total return of 221.91%.<BR><BR>In the last 4 years, the price return was 183.67%, the dividend return was 1.29%, giving a total return of 184.96%.<BR><BR>Finally, over the 5-year period, the price return was 263.11%, the dividend return was 1.21%, leading to a total return of 264.32%.<BR><BR>Overall, Welcast Steels has declared a dividend, but the recent total returns show a mixed performance, with negative returns in the short term and significantly positive returns over longer periods, indicating potential growth despite recent challenges.

Who are the peers of the Welcast Steels?

Welcast Steels' peers include PTC Industries, Inox India, Esab India, KRN Heat Exchan, Kirloskar Industries, Indobell Insulation, Sprayking Ltd, Gabriel Pet, and Poojawes Metal. In terms of management risk, growth, and capital structure, they vary from excellent to below average, with PTC Industries showing the highest 1-year return at 54.94% and Welcast Steels at -8.18%.

Peers: The peers of Welcast Steels are PTC Industries, Inox India, Esab India, KRN Heat Exchan, Kirloskar Indus., Indobell Insul., Sprayking Ltd, Gabriel Pet, and Poojawes. Metal.<BR><BR>Quality Snapshot: Excellent management risk is observed at Inox India and Esab India, while Good management risk is found at KRN Heat Exchan, and Average management risk is found at PTC Industries, Kirloskar Indus., Welcast Steels, and Poojawes. Metal. Below Average management risk is noted at Indobell Insul., Sprayking Ltd, and Gabriel Pet. In terms of Growth, Excellent growth is seen at Kirloskar Indus. and Sprayking Ltd, while Average growth is found at PTC Industries, KRN Heat Exchan, and Poojawes. Metal. Below Average growth is noted at Inox India, Esab India, and Welcast Steels, while Good growth is observed at KRN Heat Exchan. Capital Structure ratings show Excellent at Inox India, Esab India, and KRN Heat Exchan, Good at Kirloskar Indus. and Welcast Steels, Average at PTC Industries and Poojawes. Metal, and Below Average at Indobell Insul., Sprayking Ltd, and Gabriel Pet.<BR><BR>Return Snapshot: The peer with the highest 1-year return is PTC Industries at 54.94%, while the peer with the lowest is Sprayking Ltd at -65.18%. Welcast Steels has a 1-year return of -8.18%, which is higher than Sprayking Ltd but lower than PTC Industries. Additionally, the six-month return is negative for Sprayking Ltd, Indobell Insul., and KRN Heat Exchan.

Is Welcast Steels overvalued or undervalued?

As of February 7, 2025, Welcast Steels is considered overvalued and risky, with a PE ratio of -78.69 and an EV to EBITDA of -51.86, significantly underperforming compared to peers like Tata Steel and Jindal Steel, despite a strong 3-year return of 234.66%.

As of 7 February 2025, the valuation grade for Welcast Steels has moved from very expensive to risky. Based on the analysis, the company is currently considered overvalued. Key ratios indicate significant concerns, with a PE ratio of -78.69, an EV to EBITDA of -51.86, and a ROE of -0.86%. <BR><BR>In comparison to its peers, Welcast Steels stands out negatively against companies like Tata Steel, which has a PE ratio of 51.92 and an EV to EBITDA of 11.04, and Jindal Steel, with a PE ratio of 24.29 and an EV to EBITDA of 11.66. The company's performance has been mixed, showing a strong 3-year return of 234.66% compared to the Sensex's 49.15%, but a disappointing year-to-date return of -8.09% against the Sensex's 5.59%.

What is the technical trend for Welcast Steels?

As of May 21, 2025, Welcast Steels shows a mildly bearish technical trend, influenced by daily moving averages and mixed signals from the MACD and KST across weekly and monthly charts.

As of 21 May 2025, the technical trend for Welcast Steels has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish trend. The Bollinger Bands are bullish on the weekly chart but mildly bearish on the monthly chart. Daily moving averages reflect a mildly bearish position. The KST is mildly bullish on the weekly timeframe and mildly bearish on the monthly. Dow Theory suggests a mildly bearish trend on the weekly chart with no trend on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the mixed signals from the MACD and KST.

Who are the top shareholders of the Welcast Steels?

The top shareholder of Welcast Steels is Aia Engineering Limited, holding 74.85%. Individual investors own 19.69%, with Ashish Navnitlal Shah as the largest public shareholder at 2.96%.

The top shareholders of Welcast Steels primarily include its promoters, with Aia Engineering Limited holding the highest stake at 74.85%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) involved. The highest public shareholder is Ashish Navnitlal Shah, who holds 2.96%. Additionally, individual investors collectively own 19.69% of the company.

How has been the historical performance of Welcast Steels?

Welcast Steels has experienced a significant decline in financial performance, with net sales dropping from INR 267.97 crore in March 2019 to INR 84.33 crore in March 2025, and a loss of INR 0.34 crore in profit after tax for March 2025. The company has faced challenges in maintaining profitability and cash flow, resulting in overall negative trends in its financial metrics.

Answer:<BR>The historical performance of Welcast Steels has shown significant fluctuations over the years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>Welcast Steels' net sales have decreased from INR 267.97 crore in March 2019 to INR 84.33 crore in March 2025, reflecting a downward trend over the years. Other operating income has also seen a decline, dropping from INR 6.63 crore in March 2020 to INR 0.18 crore in March 2025. Total operating income followed a similar pattern, decreasing from INR 269.62 crore in March 2019 to INR 84.51 crore in March 2025. The raw material cost has fluctuated but generally decreased, from INR 178.67 crore in March 2019 to INR 51.09 crore in March 2025. Operating profit (PBDIT) has been inconsistent, with a notable loss of INR 1.17 crore in March 2025, compared to a profit of INR 7.86 crore in March 2024. Profit before tax has also turned negative in March 2025 at INR -0.35 crore, following a profit of INR 7.01 crore in March 2024. Consequently, profit after tax has declined to INR -0.34 crore in March 2025 from INR 5.25 crore in March 2024. The company's total assets have slightly decreased from INR 49.69 crore in March 2020 to INR 46.99 crore in March 2025, while total liabilities have also decreased from INR 49.48 crore in March 2024 to INR 46.99 crore in March 2025. Cash flow from operating activities has been negative at INR -3.00 crore in March 2025, contrasting with positive cash flows in previous years. Overall, Welcast Steels has faced challenges in maintaining sales and profitability, leading to a decline in financial performance over the years.

When is the next results date for Welcast Steels Ltd?

The next results date for Welcast Steels Ltd is January 29, 2026.

The next results date for Welcast Steels Ltd is scheduled for January 29, 2026.

Are Welcast Steels Ltd latest results good or bad?

Welcast Steels Ltd's latest results are concerning, showing a net loss of ₹3.23 crores in Q2 FY26, negative operating margins, and a decline in return on equity to -0.64%, indicating significant operational challenges and a struggle for profitability despite a year-on-year revenue increase.

Welcast Steels Ltd's latest results are concerning and indicate a significant decline in profitability. In Q2 FY26, the company reported a net loss of ₹3.23 crores, which is a dramatic deterioration compared to the previous year. The operating margin turned negative at -2.83%, and the profit after tax (PAT) margin plummeted to -15.78%. <BR><BR>While the revenue of ₹20.47 crores reflects a 27.38% year-on-year increase, it also shows a worrying sequential decline of 10.14% from the previous quarter. This suggests that despite some growth in sales compared to last year, the company's operational challenges are severe, leading to substantial losses and negative margins.<BR><BR>Moreover, the return on equity (ROE) has sharply declined to -0.64%, indicating that the company is destroying shareholder value rather than generating it. The operational metrics reveal persistent issues, with negative operating margins for four consecutive quarters, raising fundamental questions about the company's viability in the current market environment.<BR><BR>Overall, the results reflect a company in distress, struggling to maintain profitability amidst increasing operational challenges.

Should I buy, sell or hold Welcast Steels Ltd?

Why is Welcast Steels Ltd falling/rising?

As of 16-Mar, Welcast Steels Ltd's stock price is declining at 702.00, down 1.5 (-0.21%), with a year-to-date drop of -15.93% and a significant annual decline of -38.42%. Despite a recent short-term increase in investor participation, the stock remains underperforming compared to its sector and key moving averages.

As of 16-Mar, Welcast Steels Ltd is experiencing a decline in its stock price, currently at 702.00, which reflects a change of -1.5 (-0.21%). The stock opened with a significant loss of -4.62% today and reached an intraday low of Rs 657, marking a decrease of -6.61%. This underperformance is evident as the stock has also underperformed its sector by -0.71%.<BR><BR>In terms of longer-term performance, the stock has shown a year-to-date decline of -15.93%, which is worse than the benchmark Sensex's decline of -11.40%. Over the past year, the stock has fallen by -38.42%, contrasting sharply with the Sensex's increase of +2.27%. Although there has been some positive movement in the short term, with a 1-week increase of +3.21%, this is overshadowed by the overall negative trends.<BR><BR>Additionally, while there has been a notable increase in investor participation, with delivery volume rising by 514.54% against the 5-day average, the stock's performance relative to moving averages indicates weakness, as it is lower than the 20-day, 50-day, 100-day, and 200-day moving averages. This combination of factors contributes to the current decline in Welcast Steels Ltd's stock price.

Which are the latest news on Welcast Steels?