Welcast Steels

Which are the latest news on Welcast Steels?

Why is Welcast Steels Ltd falling/rising?

As of 05-Sep, Welcast Steels Ltd's stock price is declining, currently at Rs 621.05, with a significant year-to-date drop of 25.63%. The stock is underperforming against the Sensex and trading below key moving averages, indicating a bearish trend and declining investor interest.

As of 05-Sep, Welcast Steels Ltd's stock price is falling, currently at Rs 621.05, which reflects a decrease of Rs 7.95 or 1.26%. The stock has underperformed compared to the benchmark Sensex, showing a decline of 2.36% over the past week and 8.37% over the past month, while the Sensex has only decreased by 0.97% and 2.44%, respectively. Year-to-date, the stock has dropped significantly by 25.63%, compared to a 10.21% decline in the Sensex. <BR><BR>Additionally, the stock is trading lower than its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The stock is also close to its 52-week low, just 4.09% above Rs 595.65, and it reached an intraday low of Rs 610, marking a decline of 3.02% during the trading day. <BR><BR>Investor participation appears to be declining, as evidenced by a 29.68% drop in delivery volume compared to the 5-day average. This lack of interest may further contribute to the stock's downward pressure. Overall, the combination of poor performance relative to the market, declining investor participation, and trading below key moving averages are key factors contributing to the falling stock price of Welcast Steels Ltd.

Who are in the management team of Welcast Steels?

The management team of Welcast Steels includes D P Dhanuka (Chairman & Independent Director), Bhadresh K Shah (Non Executive Director), Pradip R Shah, Sanjay Shailesh Majmudar, Ashok A Nichani (all Independent Directors), S N Jetheliya (Company Secretary & Compliance Officer), and Khushali Samip Solanki (Director).

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>If you have any more questions about Welcast Steels or its management, feel free to ask!

What does Welcast Steels do?

Welcast Steels Ltd manufactures High Chrome Grinding Media Balls for the cement and mining industries and is classified as a Micro Cap company. As of June 2026, it reported a net profit of -1 Cr and has a market cap of INR 41 Cr.

Overview:<BR>Welcast Steels Ltd manufactures and markets High Chrome Grinding Media Balls for the cement and mining industries, operating within the Other Industrial Products sector and classified as a Micro Cap company.<BR><BR>History:<BR>Incorporated in February 1972, Welcast Steels Limited has maintained its focus on manufacturing grinding media balls. The latest financial results reported are for the quarter ending June 2026, showing a net profit of -1 Cr.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: -1 Cr (Quarterly Results - Jun 2026)<BR>Market-cap value: INR 41 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 25<BR>Dividend Yield: 0.00%<BR>Debt-Equity: -0.71<BR>Return on Equity: -7.12%<BR>Price-to-Book: 1.18<BR><BR>Contact Details:<BR>Address: 115-116 G V M M Estate, Odhav Road Odhav Ahmedabad Gujarat : 382415<BR>Phone: 91-079-22901078<BR>Email: info@welcaststeels.com<BR>Website: http://www.welcaststeels.com

Who are the peers of the Welcast Steels?

Welcast Steels' peers include Siyaram Recycli, Delta Manufact, Gabriel Pet, Indobell Insul, Storage Tech, Sprayking Ltd, Poojawes Metal, and ARC Insulation. Management risk varies from excellent at Gabriel Pet to below average at several others, with Welcast Steels showing average risk and a 1-year return of -39.77%.

Peers: The peers of Welcast Steels are Siyaram Recycli., Delta Manufact., Gabriel Pet, Indobell Insul., Storage Tech, Sprayking Ltd, Poojawes. Metal., and ARC Insulation.<BR><BR>Quality Snapshot: Excellent management risk is observed at Gabriel Pet, while Average management risk is found at Siyaram Recycli., Indobell Insul., Poojawes. Metal., and Welcast Steels. Below Average management risk is present at Delta Manufact., Storage Tech, Sprayking Ltd, and ARC Insulation. Growth is Excellent at Gabriel Pet, Good at Siyaram Recycli., and Average at Sprayking Ltd and Poojawes. Metal., while the rest exhibit Below Average growth. Capital Structure is Excellent at ARC Insulation, Good at Welcast Steels and Gabriel Pet, Average at Storage Tech and Poojawes. Metal., and Below Average at Siyaram Recycli., Delta Manufact., Indobell Insul., and Sprayking Ltd.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Indobell Insul. at -31.65%, while the lowest is Gabriel Pet at -71.48%. Welcast Steels' 1-year return of -39.77% is better than Gabriel Pet's but worse than Indobell Insul.'s. Additionally, all peers except Indobell Insul. have negative six-month returns.

How big is Welcast Steels?

As of 31st August, Welcast Steels Ltd has a market capitalization of 41.00 Cr and reported Net Sales of 23.04 Cr with a Net Profit loss of 5.73 Cr in the latest four quarters. Shareholder's Funds were 34.42 Cr and Total Assets were 35.60 Cr as of March 2026.

As of 31st August, Welcast Steels Ltd has a market capitalization of 41.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Welcast Steels reported Net Sales of 23.04 Cr. However, it experienced a Net Profit loss of 5.73 Cr during the same period.<BR><BR>The latest reporting period for the balance sheet is March 2026, where Shareholder's Funds amounted to 34.42 Cr and Total Assets were valued at 35.60 Cr.

Are Welcast Steels Ltd latest results good or bad?

Welcast Steels Ltd's latest results are concerning, showing zero net sales for the second consecutive quarter and a net loss of ₹0.72 crores, indicating significant operational distress and a negative return on equity of -7.12%. Overall, the company's financial metrics suggest a deep crisis with no clear recovery path, making the results decidedly bad.

Welcast Steels Ltd's latest results are concerning and indicative of a significant operational crisis. The company reported zero net sales for the first quarter of FY27, marking a complete 100% decline year-on-year. This is the second consecutive quarter with no revenue, raising serious doubts about its viability.<BR><BR>The net profit for the quarter was a loss of ₹0.72 crores, which represents a worsening of losses compared to previous periods. Additionally, the return on equity has fallen to a negative 7.12%, highlighting that the company is destroying shareholder value. The stock has underperformed dramatically, with a 38.23% decline over the past year, significantly trailing the broader market.<BR><BR>Overall, the financial metrics reflect a company in deep distress, with no clear path to recovery, making the latest results decidedly bad.

Should I buy, sell or hold Welcast Steels Ltd?

When is the next results date for Welcast Steels Ltd?

The next results date for Welcast Steels Ltd is August 5, 2026.

The next results date for Welcast Steels Ltd is scheduled for August 5, 2026.

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.

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.

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.

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.