Steelcast

Steelcast scheduled one-on-one meetings in Mumbai with Enam AMC, Axis Mutual Fund, Bandhan Mutual Fund and others on 23 September 2026 and with 360 ONE AMC, White Oak Capital and others on 24 September, including a group session with Alchemy PMS and Habrok Capital. Chairman Chetan Tamboli, Executive Director and Chief Financial Officer Subhash Sharma and Company Secretary Umesh Bhatt were named as the company participants, with discussions limited to publicly available documents and no unpublished price-sensitive information intended. The Bhavnagar-based maker of specialised steel and alloy castings reported operating revenue of about Rs 423 crore in FY26 on about 29,000 tonnes of existing capacity, selling almost entirely direct to Tier 1 original equipment makers with roughly half its sales from exports. Revenue in the June quarter was Rs 124.8 crore with an EBITDA margin of 28.23% and net profit of Rs 23.7 crore on 66% utilisation, and the order book stood at about Rs 140 crore covering three to four months.

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Steelcast scheduled a one-on-one virtual meeting with SBI MF for 4pm on 16 September 2026. The discussion was to draw only on publicly available documents, with no unpublished price-sensitive information intended for disclosure. The company produced specialised steel and alloy castings for original-equipment manufacturers, with operating revenue of roughly ₹423 crore in FY26. Its existing capacity was about 29,000 tonnes, while an 8,500-tonne greenfield foundry was being developed with internal funding.

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Steelcast Limited filed its investor presentation for the quarter ended June 2026, reporting revenue of ₹124.8 crore and net profit of ₹23.7 crore, a year-on-year increase of 17% and 19% respectively. The presentation also disclosed board approval for a 8,500-tonne-per-annum greenfield foundry at an estimated cost of ₹120 crore, to be funded through internal accruals. The addition will lift total steel casting capacity from 29,000 tonnes to 37,500 tonnes. The company had earlier communicated that a capacity expansion decision would be reached by July 2026, advancing the original December 2026 timeline on the back of strong demand visibility. Steelcast’s operations are debt-free, and it reported capacity utilisation of 63-64% in the year to March 2026.

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Steelcast Ltd's board approved a ₹120 crore greenfield foundry with 8,500 tons of annual capacity at its Bhavnagar site, adding about 30% to the existing 29,000 tons. The project will be funded entirely from internal accruals and is expected to complete by March 2028. The company also reported a 17% rise in net sales to ₹124.8 crore for the quarter ended June 2026, from ₹106.7 crore a year earlier. The expansion follows management's earlier guidance that a capacity decision would be taken by July 2026, as the company aims to lift utilisation to 90% by 2029 from 63% in the year to March 2026. Steelcast is debt-free with cash reserves of about ₹114 crore.

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Steelcast's board approved a ₹120 crore investment in a greenfield foundry with 8,500 tons of annual capacity, set to be completed by March 2028. The expansion will lift the company's installed capacity to 37,500 tons from 29,000 tons, a roughly 30 percent increase. The project is to be funded entirely through internal accruals, consistent with Steelcast's debt-free balance sheet and cash reserves of around ₹114 crore. The board also took on record unaudited financial results for the quarter to June 2026, showing revenue of ₹124.8 crore, up 17 percent from a year earlier, and declared a first interim dividend of ₹0.45 per equity share.

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July 29 (Reuters) - Steelcast Ltd STCL.NS:

• STEELCAST JUNE-QUARTER PROFIT 237.1 MILLION RUPEES

• STEELCAST JUNE-QUARTER INCOME FROM OPERATIONS 1.25 BILLION RUPEES

• STEELCAST - APPROVES GREENFIELD FOUNDRY WITH 8500 TONS CAPACITY, 1.20 BILLION RUPEES INVESTMENT

Source text: ID:nBSE6gRQQF

Further company coverage: STCL.NS

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** Shares of Steelcast STCL.NS jump 11.4% to 910.7 rupees, eyes best one-day pct gain since May 24, 2023

** The iron and steel products maker said Q3 profit rose 10.2% to 192.1 mln rupees ($2.2 mln), income from ops up 13% Y/Y

** Co says profitability improved owing to higher volumes, exchange rate gains, improved operational efficiency and cost optimisation

** Nearly 50,000 shares change hands, 3.7x its 30-day avg

** Stock up ~6% so far this month

($1 = 86.5350 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Aug 8 (Reuters) - Steelcast Ltd STCL.NS:

• DIVIDEND 1.35 RUPEES PER SHARE

Source text for Eikon: ID:nBSE1ncf7F

Further company coverage: STCL.NS

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Nov 1 (Reuters) - Steelcast Ltd STCL.NS:

• SEPT-QUARTER PROFIT 185.9 MILLION RUPEES VERSUS PROFIT 175.6 MILLION RUPEES

• SEPT-QUARTER INCOME FROM OPERATIONS 1.02 BILLION RUPEES VERSUS 1.21 BILLION RUPEES

• DIVIDEND 1.35 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: STCL.NS

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Aug 3 (Reuters) - Steel Cast Ltd STCL.NS:

• INDIA'S STEEL CAST LTD JUNE-QUARTER PROFIT 202.8 MILLION RUPEES VERSUS PROFIT 141. 4 MILLION RUPEES

• STEEL CAST LTD JUNE-QUARTER INCOME FROM OPERATIONS 1.19 BILLION RUPEES VERSUS 1.16 BILLION RUPEES

Further company coverage: STCL.NS

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** Shares of Steel Cast Ltd STCL.NS rise 9.42% to 522 rupees

** Steel casts manufacturer reports March-quarter net profit more than doubles YoY to 195.4 mln rupees ($2.4 mln); income from operations up 29% to 1.2 bln rupees

** Co approves special dividend of 3.15 rupees per share and final dividend of 2.7 rupees per share

** Stock most active in a month, with a trading volume of 87,957 shares as of 11:08 a.m. IST, quadruple the 30-day avg - Refinitiv data

($1 = 81.7800 Indian rupees)

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 23 (Reuters) - Steel Cast Ltd STCL.NS:

• INDIA'S STEEL CAST LTD MARCH-QUARTER PROFIT 195.4 MILLION RUPEES VERSUS PROFIT 96.3 MILLION RUPEES

• STEEL CAST LTD MARCH-QUARTER INCOME FROM OPERATIONS 1.2 BILLION RUPEES VERSUS 930.4 MILLION RUPEES

• SPECIAL DIVIDEND 3.15 RUPEES PER SHARE

• FINAL DIVIDEND 2.7 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: STCL.NS

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March 30 (Reuters) - Steel Cast Ltd STCL.NS:

• CO HAS COMMISSIONED FIVE MW SOLAR POWER PLANT LOCATED AT GUJARAT

Source text for Eikon: ID:nBSE6dvbwQ

Further company coverage: STCL.NS

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