Welcast Steels

Which are the latest news on Welcast Steels?

Why is Welcast Steels Ltd falling/rising?

As of 20-Jun, Welcast Steels Ltd's stock price is slightly rising at 702.00, with a recent total return of 2% over three days and increased investor participation. Despite significant long-term declines, the stock's current price above its 5-day moving average suggests a potential upward trend.

As of 20-Jun, Welcast Steels Ltd's stock price is rising slightly, currently at 702.00, with a change of 0.05 (0.01%) upward. This increase can be attributed to a few key factors. Firstly, the stock has been gaining for the last three days, achieving a total return of 2% during this period. Additionally, there has been a notable rise in investor participation, as evidenced by a 24.41% increase in delivery volume on June 17 compared to the 5-day average. <BR><BR>While the stock's performance over longer periods shows significant declines, such as a year-to-date drop of 15.93% and a one-year decline of 42.86%, the recent short-term gains indicate a positive shift in market sentiment. Furthermore, the stock's current price is above its 5-day moving average, suggesting a potential upward trend in the near term. Overall, these factors contribute to the stock's recent rise despite its longer-term challenges.

How big is Welcast Steels?

As of 10th June, Welcast Steels Ltd has a market capitalization of 45.00 Cr and reported net sales of 45.82 Cr, with a net loss of 5.30 Cr over the latest four quarters. Shareholder's funds were 39.72 Cr and total assets were 46.99 Cr as of March 2025.

As of 10th June, Welcast Steels Ltd has a market capitalization of 45.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Welcast Steels reported net sales of 45.82 Cr. However, the company experienced a loss of 5.30 Cr in net profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, where shareholder's funds amounted to 39.72 Cr and total assets were reported at 46.99 Cr.

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, and 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 need more details about any specific member or their roles, feel free to ask!

Who are the peers of the Welcast Steels?

Welcast Steels' peers include Siyaram Recycli, Gabriel Pet, Delta Manufact, Storage Tech, Indobell Insul, Sprayking Ltd, ARC Insulation, and Sellowrap Indus. Gabriel Pet shows excellent management and growth, while Welcast Steels has below-average growth and a 1-year return of -44.50%.

Peers: The peers of Welcast Steels are Siyaram Recycli., Gabriel Pet, Delta Manufact., Storage Tech, Indobell Insul., Sprayking Ltd, ARC Insulation, and Sellowrap Indus.<BR><BR>Quality Snapshot: Excellent management risk is observed at Gabriel Pet, while Average management risk is found at Siyaram Recycli., Indobell Insul., and Sellowrap Indus., and the rest have Below Average management risk. Growth is Excellent at Gabriel Pet, Good at Siyaram Recycli. and Sprayking Ltd, while Below Average growth is noted at Delta Manufact., Storage Tech, Indobell Insul., Welcast Steels, and the rest. Good capital structure is seen at Gabriel Pet, Welcast Steels, and Indobell Insul., while Average capital structure is found at Storage Tech and Sellowrap Indus., and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Delta Manufact. at -41.77%, while the peer with the lowest is Siyaram Recycli. at -74.01%. Welcast Steels has a 1-year return of -44.50%, which is better than Siyaram Recycli. but worse than Delta Manufact. Additionally, all peers except ARC Insulation have negative six-month returns.

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. Established in 1972, it reported a net profit of 1 Cr for the quarter ending March 2026, with a market cap of INR 45 Cr.

Overview:<BR>Welcast Steels Ltd is a micro-cap company in the Other Industrial Products industry that manufactures and markets High Chrome Grinding Media Balls used in crushing and grinding processes in cement, mining, and thermal power plants.<BR><BR>History:<BR>Incorporated in February 1972, Welcast Steels Ltd has been operational for several decades. The latest quarterly results reported net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 1 Cr (Quarterly Results - Mar 2026)<BR>Market-cap value: INR 45 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 26<BR>Dividend Yield: 0.00%<BR>Debt-Equity: -0.71<BR>Return on Equity: -5.87%<BR>Price-to-Book: 1.30<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>Fax: 91-079-22901077<BR>Email: info@welcaststeels.com<BR>Website: http://www.welcaststeels.com

Are Welcast Steels Ltd latest results good or bad?

Welcast Steels Ltd's latest results are concerning, showing zero net sales in Q4 FY26, a 100% decline from the previous quarter, despite a net profit of ₹1.38 crores due to non-operational income. Overall, the company is in severe distress, with an 87.38% year-over-year revenue drop and a critical operational shutdown.

Welcast Steels Ltd's latest results indicate a troubling situation for the company. In Q4 FY26, the company reported zero net sales, marking a catastrophic 100% decline from the previous quarter's sales of ₹2.57 crores. This is the first time in its reporting history that Welcast has recorded no revenue in a quarter, raising significant concerns about its operational viability.<BR><BR>On a slightly positive note, the company did report a net profit of ₹1.38 crores, which is a turnaround from a loss of ₹3.16 crores in the previous quarter. However, this profit is largely attributed to other income and favorable tax adjustments rather than operational performance, as the operating margin was effectively zero due to the complete cessation of manufacturing activities.<BR><BR>The overall financial picture reveals a company in severe distress, with a half-yearly revenue of just ₹5.54 crores, down 87.38% year-over-year, and a net loss of ₹1.49 crores for H1 FY26. The average return on equity (ROE) of 4.36% is also indicative of weak profitability.<BR><BR>In summary, while there is a slight improvement in net profit, the complete operational shutdown and zero revenue generation signal a critical crisis for Welcast Steels Ltd, making the latest results predominantly negative.

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 20 May 2026.

The next results date for Welcast Steels Ltd is scheduled for 20 May 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.