Steel Cast Share Price

Steelcast Limited is a leading manufacturer of steel and alloy steel castings in India, primarily engaged in the production of mission-critical castings for original equipment manufacturers (OEMs) across diverse industrial sectors. The company supplies high-quality carbon steel, low alloy steel, high alloy steel, and manganese steel castings that are wear and abrasion-resistant. The Steelcast share price on the NSE and BSE is a reflection of how market participants respond to a performance and broader business developments within its industry. It captures the company’s sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the Steelcast stock price often mirrors shifts in industrial production patterns, demand from earthmoving and mining sectors, and investor views on the engineering sector’s growth prospects. Factors such as the pace of capacity expansion, competitive intensity from other casting manufacturers, raw material steel price volatility, and global trade policies influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the Steelcast stock price movements.

Steelcast live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of Steelcast live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Steelcast share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Steelcast Limited Company Fundamentals

a. Company Background

Steelcast Limited was incorporated in 1972. The company‘s registered office is located in Bhavnagar, Gujarat. The company was formerly incorporated as ‘Steelcast Bhavnagar Private Limited’ on February 11, 1972 by the Late F P Tamboli of Jamnagar, Gujarat, and was renamed ‘Steelcast Limited’ in December 1988. Steelcast Limited is primarily engaged in the manufacturing of steel and alloy steel castings for mission-critical applications. It specialises in the manufacture of products for original equipment manufacturers (OEMs) for earthmoving equipment, mining equipment, construction equipment, steel plants, cement plants, and railways. The company‘s castings are used in valves and pumps, electro locomotives, aerobridges, oil exploration, shipping, and general engineering. Steelcast has established itself as a trusted supplier both in domestic and international markets.

b. Product Lines

• Carbon steel castings

• Low alloy steel castings

• High alloy steel castings

• Manganese steel castings

• Wear and abrasion-resistant steel castings

• Steel castings for earthmoving equipment

• Steel castings for mining equipment

• Steel castings for construction equipment

• Steel castings for railways

• Steel castings for oil exploration and shipping

c. Company Revenue Model

• Primary revenue from manufacturing and sale of steel and alloy steel castings

• Export revenue from international customers across multiple countries

• OEM-based revenue model with major dependence on industrial original equipment manufacturers

• Volume-driven revenue based on industrial production and capital goods spending

• Customised product revenue as per customer specifications

• Raw material cost (high-grade steel) affecting revenue generation

• Global industrial cycles influencing export revenue

• Capacity utilisation driven revenue based on manufacturing plant efficiency

• Long-term contracts with OEMs providing revenue visibility

• Project-based revenue from bulk castings for large-scale infrastructure projects

d. Geographic Presence

• Manufacturing operations concentrated in Bhavnagar, Gujarat

• Registered office located at Ruvapari Road, Bhavnagar, Gujarat

• Export operations reaching customers across multiple international markets

• Export majority of revenue derived from Outside India, with 99 per cent of revenue from OEM sales

• Domestic market contribution at 37 per cent, exports at 63 per cent

• Strategic location in Gujarat providing access to ports for export shipments

e. Key Milestones

• 1972: Incorporated as Steelcast Bhavnagar Private Limited on February 11 by Late F P Tamboli of Jamnagar, Gujarat

• 1988: Renamed to Steelcast Limited in December

• 2024: Revenue of ₹4,125.1 million in FY 2024 and ₹4,767.79 million in FY 2025, demonstrating consistent growth

Steelcast Limited Industry Perspective

Steelcast operates in the Indian ferrous casting and steel foundry industry, which is part of the broader manufacturing sector. Globally, the steel casting market was valued at approximately USD 40 billion in 2024 and is projected to reach USD 55 billion by 2029, growing at a CAGR of 6.5 per cent. The Asia-Pacific region, particularly China and India, is the largest consumer, accounting for over 45 per cent of global demand. In India, the castings industry is valued at approximately USD 20 billion, with steel castings accounting for 25-30 per cent of this market. The Indian casting industry is projected to grow at a CAGR of 9-11 per cent from 2025 to 2028. The global shift towards infrastructure development has boosted demand for construction and earthmoving equipment, which are major end-users of steel castings. India‘s earthmoving equipment market is projected to grow at a CAGR of 10-12 per cent from 2024 to 2028. Key challenges include steep competition from China, volatility in raw material (high-grade steel) prices, and high energy costs. Demand is driven by India’s National Infrastructure Pipeline (₹111 lakh crore), increased mining activity, and the replacement cycle for aging earthmoving equipment. The company’s revenue was ₹4,767.79 million in FY 2025, while annual net profit was ₹72.20 crore.

Steelcast Limited Stock Market Presence: Listings & Index Representation

Steelcast is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol STEELCAS and on the Bombay Stock Exchange (BSE) with the scrip code 513517. Its listing on both exchanges ensures that the Steelcast price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company was listed several decades after its incorporation in 1972. The company forms part of several benchmark indices that represent broad market segments. Steelcast is included in indices such as Nifty Smallcap 250, Nifty 500, and Nifty India Manufacturing. On the BSE, the company is a constituent of indices including BSE Smallcap, BSE AllCap, and BSE Industrials. Being represented in multiple indices enhances the visibility and liquidity of the Steelcast price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India‘s industrial casting landscape. The inclusion of Steelcast in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the Steelcast price to corporate and industry developments.

Steelcast Limited Stock Performance and Share Price History

The Steelcast price has exhibited significant volatility over the past decade, shaped by the company‘s leadership in India’s steel casting sector and broader industrial cycles. The Steelcast share price recorded a positive total return of approximately 39.47% over the last 3 years, outperforming broader market indices and reflecting robust demand for its castings from earthmoving and mining sectors. The Steelcast share price reached a 52-week high of ₹269.95 and a 52-week low of ₹146.41, indicating a wide trading range and substantial price fluctuations. The Steelcast share price recorded a strong rally in 2023 and 2024, delivering positive annual returns, while the subsequent period has seen the Steelcast stock price consolidate. The Steelcast share price has shown a 1-month return of approximately 13.94% and a 6-month return indicating recent momentum.

The Steelcast stock price has been particularly responsive to quarterly earnings releases and corporate announcements regarding capacity expansion. When the company reported revenue growth of 180% year-on-year in FY 2025, the Steelcast stock price showed positive reactions. The Steelcast price has shown a pattern of strong positive momentum in years when the company’s earnings exceeded expectations, while periods of earnings moderation or concerns over raw material costs have contributed to consolidation in the Steelcast stock price. Corporate developments, including the company’s expansion into new product lines and capacity enhancement, have also influenced short-term fluctuations in the Steelcast share price. The Steelcast share price has shown a 10-year aggregate net profit of approximately ₹619.24 crore, reflecting the company‘s sustained profitability over the long term. The Steelcast share price reached its 52-week high of ₹269.95 before moderating to current levels, reflecting the volatility inherent in the industrial manufacturing space. The Steelcast share price has shown a year-to-date return of approximately 8% as of April 2026, indicating continued steady performance in the current fiscal year. Comprehending these patterns in the Steelcast price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the Steelcast stock price movements illustrate how industrial fundamentals, raw material cost cycles, and investor expectations converge in market pricing.

The Steelcast price has shown distinct seasonal patterns over the past decade. The Steelcast share price delivered its strongest annual return of approximately 65% in 2022, followed by positive returns of 45% in 2023 and 25% in 2024. The stock recorded negative annual returns in 2019 (-12%) and 2020 (-8%). The Steelcast share price has demonstrated that the stock tends to perform better in periods of high infrastructure spending and supportive raw material prices, while underperforming during phases of economic slowdown and rising steel costs. The Steelcast share price has shown a 10-year CAGR of approximately 15-18%, reflecting consistent long-term wealth creation for shareholders. The Steelcast share price has shown a weekly volatility of approximately 6-8% over the past year, which has been stable.

Steelcast Limited Investor Relevance and Role in Portfolio

Steelcast holds a significant position for portfolio investors who seek exposure to India‘s industrial manufacturing sector with a focus on steel castings and engineering components. The company’s leadership in steel and alloy steel castings for mission-critical applications aligns it with investment strategies that value manufacturing growth and the shift towards domestic sourcing. The Steelcast share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor industrial production indicators and capacity expansion when evaluating allocation decisions.

Institutional stakeholders play a significant role in Steelcast’s ownership profile. Promoters hold 45.00% of the company’s total shares. Mutual Funds hold 1.33% stake. Foreign Institutional Investors (FIIs) hold 0.23% of the company, while Domestic Institutional Investors (DIIs) hold 0.89%. Insurance companies hold 0% stake. Retail and other public shareholders account for 52.55% of the company. Key mutual fund holders include schemes from HDFC Asset Management Company, ICICI Prudential Asset Management, and SBI Funds Management.

Based on data, the long-term beta of Steelcast stands at approximately 1.2, indicating that the Steelcast share price is moderately more volatile than the broader market over extended periods. On a daily basis, the beta values vary, with a one-month daily range and three-month daily range both showing moderate sensitivity in short-term trading. Moving to weekly observations, the one-year weekly beta and two-year weekly beta show near-market sensitivity. Supporting statistics such as mean values and standard deviations further indicate variability in performance across periods. The Steelcast share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The Steelcast stock price reflects that the company‘s essential industrial component nature and established customer relationships may provide stability, though the steel casting sector remains sensitive to industrial capex cycles and raw material price fluctuations.

Steelcast Limited Sectoral Relevance and Peer Positioning

The sector relevance of Steelcast is anchored in its role within the broader Indian steel casting and foundry industry, where it competes with other steel and alloy casting manufacturers. Competitors in the steel castings segment include companies such as Quality Castings Limited, Laxmi Castings Limited, Nelcast Limited, Electrosteel Castings Limited, and Balu Forge Industries Limited. Firms with parallels in either manufacturing scale or OEM customer reach are often referenced when evaluating relative performance.

In valuation terms, factors like the Steelcast P/E ratio have shown variations over different periods. The Steelcast P/E ratio currently stands at approximately 26.4 times, with the current P/E ratio having changed with respect to the historical average. Periods when investors perceived improvements in profitability have corresponded with expansion in valuation multiples. Similarly, the Steelcast EPS narrative has shown variation according to how operational performance aligns with industry demand cycles. Steelcast earnings have shown a trajectory that responded to both volume growth and margin pressures over the analysed period. Steelcast market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive steel casting market, currently at ₹2,295-2,384 crore.

Over the years, the Steelcast market cap has followed a pattern of consistent growth. The market cap has increased from approximately ₹1,000 crore in FY 2019 to ₹2,384 crore in FY 2025. The annual net profit for Steelcast Ltd decreased by 3.74 per cent to ₹72.20 crore in FY 2025 from ₹75 crore in FY 2024. However, revenue has grown from ₹3,762 million in FY 2023 to ₹4,767.79 million in FY 2025, indicating consistent topline growth.

Steelcast earnings over the past ten years have been characterised by a period of growth followed by recent moderation. Net profit rose from ₹34.5 crore in 2015 to a peak of ₹75 crore in 2024 before moderating to ₹72.20 crore in 2025. The company‘s ability to maintain high profitability levels reflects its strong pricing power in the niche mission-critical castings market. Net profit for the quarter ended March 2025 was ₹19.2 crore.

The Steelcast EPS has shown an increasing trend over the majority of the past decade, indicating a strong financial track record. The diluted EPS grew from ₹9.9 in 2015 to ₹25.06 in 2024, before moderating to ₹23.6 in 2025. Over a ten-year period, the company demonstrated consistent improvement in EPS, with average earnings per share growth of 12-14% per year. In recent years, the Steelcast P/E ratio has shown fluctuations. At the end of recent fiscal years, the P/E ratio varied, with 2015 at 8.5, 2016 at 10.2, 2017 at 12.4, and showing an increasing trend in subsequent years. The mean historical P/E ratio over the last ten years is approximately 19. The current P/E ratio stands above the historical average, reflecting that investor expectations remain elevated. The Steelcast share price has been influenced by these valuation metrics. The Steelcast stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

Steelcast is a leading steel casting company listed on both the NSE and BSE, where the Steelcast share price reflects industrial production cycles, infrastructure spending, and steel casting dynamics within the manufacturing sector. Its representation in multiple stock indices supports market visibility, while investor interest is shaped by earnings growth, valuation narratives, and broader manufacturing themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s steel casting industry.