New Risk • Jul 16
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (40% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹3.05b market cap, or US$31.6m). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹125, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 21% over the past year. New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (40% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Market cap is less than US$100m (₹2.57b market cap, or US$27.1m). Tillkännagivande • May 26
Thaai Casting Limited to Report Second Half, 2026 Results on May 28, 2026 Thaai Casting Limited announced that they will report second half, 2026 results on May 28, 2026 Tillkännagivande • Nov 12
Thaai Casting Limited to Report First Half, 2026 Results on Nov 12, 2025 Thaai Casting Limited announced that they will report first half, 2026 results on Nov 12, 2025 Reported Earnings • Sep 12
Full year 2025 earnings released: EPS: ₹4.78 (vs ₹7.20 in FY 2024) Full year 2025 results: EPS: ₹4.78 (down from ₹7.20 in FY 2024). Revenue: ₹1.22b (up 44% from FY 2024). Net income: ₹110.6m (down 14% from FY 2024). Profit margin: 9.0% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Tillkännagivande • Sep 09
Thaai Casting Limited, Annual General Meeting, Sep 30, 2025 Thaai Casting Limited, Annual General Meeting, Sep 30, 2025, at 15:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹107, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 31x in the Auto Components industry in India. Total loss to shareholders of 50% over the past year. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹4.78 (vs ₹7.20 in FY 2024) Full year 2025 results: EPS: ₹4.78 (down from ₹7.20 in FY 2024). Revenue: ₹1.23b (up 45% from FY 2024). Net income: ₹110.6m (down 14% from FY 2024). Profit margin: 9.0% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹96.40, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 27x in the Auto Components industry in India. Total loss to shareholders of 34% over the past year. New Risk • Mar 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (163% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Market cap is less than US$100m (₹1.83b market cap, or US$21.4m). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹78.15, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 27x in the Auto Components industry in India. Total loss to shareholders of 51% over the past year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹109, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 29x in the Auto Components industry in India. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹112, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 29x in the Auto Components industry in India. New Risk • Dec 26
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 7.8% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (136% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹3.49b market cap, or US$41.0m). Tillkännagivande • Nov 16
Thaai Casting Limited Appoints Satyabrata Baral as Company Secretary Effective, 16 November, 2024 Thaai Casting Limited informed that the Board of Directors of the Company at its meeting held on 14 November, 2024 have, inter- alia, considered and approved the appointment of Mr. Satyabrata Baral as Company Secretary and Compliance Officer of the Company with effect from 16 November, 2024 based on the recommendation of Nomination & Remuneration Committee. Mr. Satyabrata Baral is a member of the Institute of Company Secretaries of India. He has 8 years of overall corporate experience with respect to company Secretarial matters and Compliance. Tillkännagivande • Aug 29
Thaai Casting Limited, Annual General Meeting, Sep 30, 2024 Thaai Casting Limited, Annual General Meeting, Sep 30, 2024, at 14:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹192, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 30x in the Auto Components industry in India. New Risk • Jun 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (163% accrual ratio). Minor Risk Market cap is less than US$100m (₹3.62b market cap, or US$43.3m). Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹173, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 30x in the Auto Components industry in India. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₹153, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 30x in the Auto Components industry in India. Board Change • Feb 23
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Dharmala Venkata Murthy is the most experienced director on the board, commencing their role in 2023. Independent Director Achaya Kumarasamy was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Feb 22
Thaai Casting Limited has completed an IPO in the amount of INR 471.9792 million. Thaai Casting Limited has completed an IPO in the amount of INR 471.9792 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 347,200
Price\Range: INR 77
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,734,400
Price\Range: INR 77
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,155,200
Price\Range: INR 77
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 868,800
Price\Range: INR 77
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 2,024,000
Price\Range: INR 77
Transaction Features: Regulation S 
