Buy Or Sell Opportunity • 13h
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to ₹700. The fair value is estimated to be ₹892, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • May 20
Welcast Steels Limited, Annual General Meeting, Sep 10, 2026 Welcast Steels Limited, Annual General Meeting, Sep 10, 2026, at 11:00 Indian Standard Time. Aankondiging • May 12
Welcast Steels Limited to Report Q4, 2026 Results on May 20, 2026 Welcast Steels Limited announced that they will report Q4, 2026 results on May 20, 2026 Buy Or Sell Opportunity • Apr 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.1% to ₹710. The fair value is estimated to be ₹892, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ₹701. The fair value is estimated to be ₹898, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jan 30
Third quarter 2026 earnings released: ₹49.47 loss per share (vs ₹1.77 profit in 3Q 2025) Third quarter 2026 results: ₹49.47 loss per share (down from ₹1.77 profit in 3Q 2025). Revenue: ₹30.1m (down 87% from 3Q 2025). Net loss: ₹31.6m (down ₹32.7m from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Aankondiging • Jan 19
Welcast Steels Limited to Report Q3, 2026 Results on Jan 29, 2026 Welcast Steels Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Reported Earnings • Nov 06
Second quarter 2026 earnings released: ₹50.64 loss per share (vs ₹0.91 loss in 2Q 2025) Second quarter 2026 results: ₹50.64 loss per share (further deteriorated from ₹0.91 loss in 2Q 2025). Revenue: ₹210.1m (up 30% from 2Q 2025). Net loss: ₹32.3m (loss widened ₹31.7m from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 29
Welcast Steels Limited to Report Q2, 2026 Results on Nov 05, 2025 Welcast Steels Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 05, 2025 Reported Earnings • Aug 07
First quarter 2026 earnings released: ₹4.61 loss per share (vs ₹9.10 loss in 1Q 2025) First quarter 2026 results: ₹4.61 loss per share (improved from ₹9.10 loss in 1Q 2025). Revenue: ₹227.9m (down 6.6% from 1Q 2025). Net loss: ₹2.94m (loss narrowed 49% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Aankondiging • Jul 28
Welcast Steels Limited to Report Q1, 2026 Results on Aug 06, 2025 Welcast Steels Limited announced that they will report Q1, 2026 results on Aug 06, 2025 New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$10m (₹840.6m market cap, or US$9.83m). New Risk • May 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹702.6m market cap, or US$8.21m). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Aankondiging • May 21
Welcast Steels Limited, Annual General Meeting, Sep 10, 2025 Welcast Steels Limited, Annual General Meeting, Sep 10, 2025, at 11:00 Indian Standard Time. Reported Earnings • May 21
Full year 2025 earnings released: ₹5.29 loss per share (vs ₹82.24 profit in FY 2024) Full year 2025 results: ₹5.29 loss per share (down from ₹82.24 profit in FY 2024). Revenue: ₹861.9m (down 5.4% from FY 2024). Net loss: ₹3.37m (down 106% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. New Risk • Feb 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.9% Last year net profit margin: 2.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹782.4m market cap, or US$8.92m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Aankondiging • Jan 30
Welcast Steels Limited Announces Resignation of S. N. Jetheliya as Company Secretary and Compliance Officer, Effective February 6, 2025 Welcast Steels Limited announced that Mr. S. N. Jetheliya, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company vide his letter dated 30th January, 2025 and will be relieved from the positions of the Company Secretary and Compliance Officer of the Company with effect from close of business hour on February 6, 2025. New Risk • Dec 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹845.6m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹845.6m market cap, or US$9.95m). Minor Risk Large one-off items impacting financial results. Aankondiging • Oct 18
Welcast Steels Limited to Report Q2, 2025 Results on Oct 29, 2024 Welcast Steels Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,464, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 333% over the past three years. New Risk • Oct 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹835.8m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Upcoming Dividend • Aug 19
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 26 August 2024. Payment date: 01 October 2024. Payout ratio is a comfortable 3.0% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (1.6%). Reported Earnings • Aug 08
First quarter 2025 earnings released: ₹9.10 loss per share (vs ₹9.23 profit in 1Q 2024) First quarter 2025 results: ₹9.10 loss per share (down from ₹9.23 profit in 1Q 2024). Revenue: ₹249.0m (up 29% from 1Q 2024). Net loss: ₹5.81m (down 199% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 30
Welcast Steels Limited to Report Q1, 2025 Results on Aug 07, 2024 Welcast Steels Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,674, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 251% over the past three years. Aankondiging • May 16
Welcast Steels Limited, Annual General Meeting, Sep 02, 2024 Welcast Steels Limited, Annual General Meeting, Sep 02, 2024, at 11:00 Indian Standard Time. Reported Earnings • May 15
Full year 2024 earnings released: EPS: ₹82.24 (vs ₹41.37 in FY 2023) Full year 2024 results: EPS: ₹82.24 (up from ₹41.37 in FY 2023). Revenue: ₹947.0m (flat on FY 2023). Net income: ₹52.5m (up 99% from FY 2023). Profit margin: 5.5% (up from 2.8% in FY 2023). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1,384, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 150% over the past three years. Aankondiging • May 05
Welcast Steels Limited to Report Q4, 2024 Results on May 13, 2024 Welcast Steels Limited announced that they will report Q4, 2024 results on May 13, 2024 Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: ₹19.23 (vs ₹5.76 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹19.23 (up from ₹5.76 loss in 3Q 2023). Revenue: ₹206.0m (up 4.7% from 3Q 2023). Net income: ₹12.3m (up ₹15.9m from 3Q 2023). Profit margin: 6.0% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 24
Welcast Steels Limited to Report Q3, 2024 Results on Feb 02, 2024 Welcast Steels Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Aankondiging • Dec 15
AIA Engineering Limited (NSEI:AIAENG) made an offer to acquire remaining 25.15% stake in Welcast Steels Limited (BSE:504988). AIA Engineering Limited (NSEI:AIAENG) made an offer to acquire remaining 25.15% stake in Welcast Steels Limited (BSE:504988) on December 13, 2023. Vivro Financial Services Private Limited acted as financial advisor to AIA Engineering Limited. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹680.8m market cap, or US$8.18m). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Nov 06
Second quarter 2024 earnings released: EPS: ₹32.70 (vs ₹16.95 in 2Q 2023) Second quarter 2024 results: EPS: ₹32.70 (up from ₹16.95 in 2Q 2023). Revenue: ₹282.2m (up 195% from 2Q 2023). Net income: ₹20.9m (up 93% from 2Q 2023). Profit margin: 7.4% (down from 11% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 26
Welcast Steels Limited to Report Q2, 2024 Results on Nov 04, 2023 Welcast Steels Limited announced that they will report Q2, 2024 results on Nov 04, 2023 Upcoming Dividend • Aug 29
Upcoming dividend of ₹2.50 per share at 0.3% yield Eligible shareholders must have bought the stock before 05 September 2023. Payment date: 11 October 2023. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (7.4%). Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: ₹9.23 (vs ₹62.94 in 1Q 2023) First quarter 2024 results: EPS: ₹9.23 (down from ₹62.94 in 1Q 2023). Revenue: ₹196.5m (down 55% from 1Q 2023). Net income: ₹5.89m (down 85% from 1Q 2023). Profit margin: 3.0% (down from 9.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹862, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 120% over the past three years. Reported Earnings • May 22
Full year 2023 earnings released: EPS: ₹41.37 (vs ₹7.70 loss in FY 2022) Full year 2023 results: EPS: ₹41.37 (up from ₹7.70 loss in FY 2022). Revenue: ₹946.7m (up 10% from FY 2022). Net income: ₹26.4m (up ₹31.3m from FY 2022). Profit margin: 2.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹694, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 110% over the past three years. Reported Earnings • Jan 28
Third quarter 2023 earnings released: ₹5.76 loss per share (vs ₹10.45 profit in 3Q 2022) Third quarter 2023 results: ₹5.76 loss per share (down from ₹10.45 profit in 3Q 2022). Revenue: ₹196.9m (down 54% from 3Q 2022). Net loss: ₹3.68m (down 155% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 17
Welcast Steels Limited to Report Q3, 2023 Results on Jan 25, 2023 Welcast Steels Limited announced that they will report Q3, 2023 results on Jan 25, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Non-Executive Non-Independent Director Khushali Solanki was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 22
Welcast Steels Limited to Report Q2, 2023 Results on Nov 08, 2022 Welcast Steels Limited announced that they will report Q2, 2023 results on Nov 08, 2022 Aankondiging • Oct 14
Welcast Steels Limited Announces Resignation of Rajendra S. Shah as Director Welcast Steels Limited announced that Mr. Rajendra S. Shah (DIN: 00061922), an Independent Director of the Company has resigned from the Board of Directors with effect from October 13, 2022. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹850, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 22% share price gain to ₹474, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total loss to shareholders of 1.3% over the past three years. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: ₹62.94 (vs ₹33.37 loss in 1Q 2022) First quarter 2023 results: EPS: ₹62.94 (up from ₹33.37 loss in 1Q 2022). Revenue: ₹434.6m (up ₹399.4m from 1Q 2022). Net income: ₹40.2m (up ₹61.5m from 1Q 2022). Profit margin: 9.2% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Aug 06
Welcast Steels Limited, Annual General Meeting, Sep 05, 2022 Welcast Steels Limited, Annual General Meeting, Sep 05, 2022. Aankondiging • Jul 30
Welcast Steels Limited to Report Q1, 2023 Results on Aug 06, 2022 Welcast Steels Limited announced that they will report Q1, 2023 results on Aug 06, 2022 Reported Earnings • May 29
Full year 2022 earnings released: ₹7.70 loss per share (vs ₹28.52 loss in FY 2021) Full year 2022 results: ₹7.70 loss per share (up from ₹28.52 loss in FY 2021). Revenue: ₹859.7m (down 12% from FY 2021). Net loss: ₹4.91m (loss narrowed 73% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. Non-Executive Non-Independent Director Khushali Solanki was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 28
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹10.45 (down from ₹43.08 in 3Q 2021). Revenue: ₹426.6m (up 121% from 3Q 2021). Net income: ₹6.67m (down 76% from 3Q 2021). Profit margin: 1.6% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS ₹13.63 (vs ₹38.56 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: ₹171.8m (down 43% from 2Q 2021). Net income: ₹8.70m (up ₹33.3m from 2Q 2021). Profit margin: 5.1% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 04
Full year 2021 earnings released: ₹28.52 loss per share (vs ₹4.12 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹979.5m (down 35% from FY 2020). Net loss: ₹18.2m (loss widened ₹15.6m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • May 24
Full year 2021 earnings released: ₹28.52 loss per share (vs ₹4.12 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹984.1m (down 34% from FY 2020). Net loss: ₹18.2m (loss widened ₹15.6m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 25
New 90-day high: ₹370 The company is up 3.0% from its price of ₹359 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 36% over the same period. Reported Earnings • Feb 08
Third quarter 2021 earnings released: EPS ₹43.08 (vs ₹2.31 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹192.7m (down 53% from 3Q 2020). Net income: ₹27.5m (up ₹29.0m from 3Q 2020). Profit margin: 14% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Aankondiging • Jan 23
Welcast Steels Limited to Report Q3, 2021 Results on Feb 05, 2021 Welcast Steels Limited announced that they will report Q3, 2021 results on Feb 05, 2021 Aankondiging • Nov 03
Welcast Steels Limited Provides Update on Closure of Manufacturing Operations Welcast Steels Limited announced that in the hope of revival of the economy, has decided to continue the Manufacturing Operations at its Industrial Establishment situated at Plot No. 15, Phase-l, Peenya Industrial Area, Bengaluru 560 058 and withdraw its Closure Notices filed, pursuance to Section 25-FFA of the Industrial Dispute Act, 1947 (XIV of 1947) on 31st August, 2020 with the concerned Authorities to close its Industrial Establishment effective from November 2, 2020. Aankondiging • Oct 18
Welcast Steels Limited to Report Q2, 2021 Results on Oct 29, 2020 Welcast Steels Limited announced that they will report Q2, 2021 results on Oct 29, 2020 Aankondiging • Sep 01
Welcast Steels Limited Announces Permanent Close Down of the Industrial Establishment The Board of Directors of Welcast Steels Limited in their Meeting held on August 31, 2020 have passed a resolution to close down permanently its Industrial Establishment (Factory) located at Plot No.ls, Phase-l, Peenya Industrial Area, Bengaluru - 560 058 after giving 60 days' Notice i.e. with effect from the close of the business hours on 2nd November, 2020. Aankondiging • Aug 02
Welcast Steels Limited to Report Q1, 2021 Results on Aug 08, 2020 Welcast Steels Limited announced that they will report Q1, 2021 results on Aug 08, 2020 
