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Welcast Steels

504988 BSE
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Welcast Steels (ZWELCAST) share price was ₹600.00 at the 28 Oct 2026 close; market capitalisation ₹38.41 Cr; sector Industrial Products. The share price fell 36.4% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 94.6% year on year to ₹1.22 Cr and net profit was −₹0.72 Cr, against −₹0.29 Cr a year earlier (compared with Jun 2025). Promoters held 74.85% of Welcast Steels in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 47/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹600.00 −332.40 −35.65% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹38.41 Cr
EBITDA
−₹90.00 L
Return on Equity
-15.4%
Debt to Equity
0
Book Value
₹537.83
EPS (TTM)
−₹89.78
52W High
₹1,030.00
52W Low
₹565.00

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Industrial Products › Other Industrial Products

HBL Engineering
₹813.7528.8922,557 Cr10.190.38%36.79%46.59%3,399 Cr780 Cr
INOX India
₹1,902.3067.7517,296 Cr15.450.10%23.08%30.77%1,667 Cr255 Cr
ESAB India
₹5,329.0036.978,203 Cr19.101.42%48.14%60.82%1,615 Cr222 Cr
KRN Heat Exchanger and Refrigeration
₹1,178.1076.807,712 Cr8.350.00%13.32%18.02%747 Cr97 Cr
Harsha Engineers
₹428.4525.223,901 Cr2.780.36%11.07%14.21%1,752 Cr154 Cr
Subros
₹588.5023.083,839 Cr3.090.49%13.31%16.75%3,949 Cr167 Cr
Ador Welding
₹1,361.8020.672,370 Cr4.160.55%14.79%20.26%1,285 Cr115 Cr
Welcast Steels (this company)
——38 Cr1.120.44%-15.40%-13.95%29 Cr-6 Cr
Median 8 companies₹1,178.1028.895,806 Cr6.260.41%14.06%19.14%1,641 Cr161 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

47 Average
Overall score

Data confidence 91/100

Category scores

Quality Weak 39
Returns, margins, earnings quality 22% weight
Valuation Strong 70
Cheap vs sector & own history 24% weight
Growth Poor 1
Sales & profit trajectory 9% weight
Financial Health Good 59
Solvency, leverage, coverage 9% weight
Momentum Poor 37
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 1.08 times its book value

Weaknesses

3
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.0% over past five years.
  • Company has a low return on equity of 0.84% over last 3 years.

Technical Indicators

Oscillators

Bearish

Bearish
3
Neutral
4
Bullish
2

Overall

Bearish

Bearish
11
Neutral
4
Bullish
4

Moving Averages

Bearish

Bearish
8
Neutral
0
Bullish
2

Growth Rate

Revenue Growth
-40.84% lower than 3Y

change over 1 year

Net Income Growth
—

Cash Flow Change
176%

change over 1 year

EBITDA Margin Change
-400%

change over 1 year Operating margin -88.52% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
19.36
25.91
20.16
25.62
24.39
16.23
23.08
20.81
22.78
20.65
2.62
2.92
1.22
Expenses
18.68
25.14
18.77
24.23
25.51
16.41
22.99
20.77
23.43
21.23
5.68
1.53
2.3
Operating Profit
0.68
0.77
1.39
1.39
-1.12
-0.18
0.09
0.04
-0.65
-0.58
-3.06
1.39
-1.08
OPM %
3.51%
2.97%
6.89%
5.43%
-4.59%
-1.11%
0.39%
0.19%
-2.85%
-2.81%
-116.79%
47.6%
-88.52%
Other Income
0.28
2.3
0.44
0.6
0.51
0.29
0.4
0.48
0.42
-2.63
0.1
0.82
0.46
Interest
0
0.1
0
0
0
0
0.01
0.06
0
0
0.06
0
0
Depreciation
0.17
0.18
0.19
0.2
0.17
0.19
0.2
0.24
0.16
0.18
0.14
0.14
0.1
PBT
0.79
2.79
1.64
1.79
-0.78
-0.08
0.28
0.22
-0.39
-3.39
-3.16
2.07
-0.72
Tax %
25.32%
25.09%
25%
25.7%
-25.64%
-25%
60.71%
13.64%
-25.64%
-4.72%
0%
33.33%
0%
Net Profit
0.59
2.09
1.23
1.35
-0.58
-0.06
0.11
0.19
-0.29
-3.23
-3.16
1.38
-0.72
EPS (₹)
9.24
32.75
19.27
21.15
-9.09
-0.94
1.72
2.98
-4.54
-50.61
-49.51
21.62
-11.28
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
203
120
201
234
270
150
97.95
85.97
93.92
91.07
84.5
48.97
27.41
Expenses
202
119
199
231
266
149
98
85.92
89.33
86.57
85.63
51.83
30.74
Operating Profit
1.72
0.5
2.75
3.1
3.61
0.9
-0.05
0.05
4.59
4.5
-1.13
-2.86
-3.33
OPM %
0.85%
0.42%
1.37%
1.33%
1.34%
0.6%
-0.05%
0.06%
4.89%
4.94%
-1.34%
-5.84%
-12.15%
Other Income
0.96
0.43
0.61
0.52
0.5
0.81
0.46
0.72
0.42
3.55
1.69
-1.29
-1.25
Interest
0.62
0.3
0.13
0.46
0.49
0.43
0.38
0.23
1.71
0.3
0.12
0.1
0.06
Depreciation
1.77
0.95
0.82
0.9
0.84
1.34
1.43
1.08
0.9
0.75
0.79
0.62
0.56
PBT
0.29
-0.32
2.41
2.26
2.78
-0.06
-1.4
-0.54
2.4
7
-0.35
-4.87
-5.2
Tax %
106.9%
-3.12%
26.56%
29.65%
33.81%
366.67%
30%
-9.26%
-10.42%
25.14%
-2.86%
8.83%
—
Net Profit
-0.03
-0.31
1.77
1.59
1.84
-0.26
-1.82
-0.49
2.64
5.25
-0.34
-5.3
-5.73
EPS (₹)
-0.47
-4.86
27.73
24.91
28.83
-4.07
-28.52
-7.68
41.37
82.26
-5.33
-83.05
-89.78
Div. Payout %
-426.67%
-41.29%
7.23%
8.05%
8.7%
0%
0%
0%
6.06%
3.05%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.64
0.64
0.64
0.64
0.64
0.64
0.64
0.64
0.64
0.64
0.64
0.64
Reserves
30.11
29.56
31.25
32.65
34.38
33.78
32.12
31.88
34.67
39.67
39.09
33.78
Borrowings
9.05
0
0
5
1.2
4
3.47
2.84
0
0
0
0
Other Liabilities
9.69
6.98
15.77
16.92
18.82
11.96
5.28
7.54
10.89
9.51
7.94
1.18
Total Liabilities
49.49
37.18
47.66
55.21
55.04
50.38
41.51
42.9
46.2
49.82
47.67
35.6
Fixed Assets
5.24
4.51
4.59
4.29
6.66
7.9
6.54
7.34
4.59
4.18
3.88
3.27
CWIP
0
0
0.16
1.61
0.06
0
0
0
0.09
0
0
0
Investments
0
0
0
0
0
0
0
0
17.05
18.65
16.81
23.81
Other Assets
44.25
32.67
42.91
49.31
48.32
42.48
34.97
35.56
24.47
26.99
26.98
8.52
Total Assets
49.49
37.18
47.66
55.21
55.04
50.38
41.51
42.9
46.2
49.82
47.67
35.6
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-4.79
10.08
0.59
-2.3
5.65
-0.2
2.2
2.78
17.25
3.81
-3.74
2.84
Investing
-1.03
-0.13
-1.04
-2.05
-1.19
-1.86
0.29
-1.31
-14.65
-1.11
2.83
-4.52
Financing
5.69
-9.49
-0.03
4.41
-4.31
2.26
-0.81
-0.81
-4.47
-0.16
-0.21
0
Net Cash Flow
-0.12
0.47
-0.48
0.07
0.15
0.2
1.68
0.67
-1.86
2.54
-1.13
-1.68
Free Cash Flow
-5.81
9.95
-0.47
-4.35
4.02
-2.3
2.13
0.9
18.81
3.49
-4.19
2.86
CFO/EBITDA
-215
1,880
43
-54
173
-7
-4,160
4,980
380
103
266
-103
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
14.25
18.86
12.33
20.48
17.04
22.8
52.13
46.66
20.87
28.7
35.64
0
Inventory Days
55.01
62.32
48.35
48.24
44.95
83.04
63.63
107
85.34
83.16
73.1
51.11
Days Payable
17.26
16.97
34.54
30.85
22.08
25.19
12.98
33.98
46.7
49.91
35.92
2.76
Cash Conversion Cycle
52
64.21
26.14
37.86
39.91
80.65
103
119
59.51
61.95
72.81
48.35
Working Capital Days
34.77
57.94
38.29
32.84
29.5
48.42
63.8
88.22
38.4
44.85
56.46
47.55
ROCE %
1.94%
-0.09%
8.18%
7.75%
8.7%
-0.13%
-2.73%
-0.87%
12.14%
17.32%
-1.97%
-4.26%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Welcast Steels insights

67 extracted metrics + investor summaries across FY07–FY27.

Shareholding Pattern

Promot.74.85%Others5.23%Public19.92%As ofSep 2026

Documents

Frequently Asked Questions about Welcast Steels

What does Welcast Steels Ltd do?
Incorporated in 1972, Welcast Steels Ltd is in the business of manufacturing High Chrome Grinding Media Balls.[1]
Where is Welcast Steels Ltd (ZWELCAST) listed?
Welcast Steels Ltd trades under code 504988 on the BSE.
Which sector does Welcast Steels Ltd belong to?
Welcast Steels Ltd is classified under the Industrial Products sector, in the Other Industrial Products industry.
What is the market capitalisation of Welcast Steels Ltd?
Welcast Steels Ltd has a market capitalisation of ₹38.41 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Welcast Steels Ltd?
Over the last 52 weeks Welcast Steels Ltd has traded between ₹565 and ₹1,030 as of 28 Oct 2026.
Does Welcast Steels Ltd pay dividends?
Welcast Steels Ltd has a dividend yield of 0.42%.
What is the Return on Equity (ROE) of Welcast Steels Ltd?
Welcast Steels Ltd reported a return on equity of -15.40%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1972, Welcast Steels Ltd is in the business of manufacturing High Chrome Grinding Media Balls.[1]

Website welcaststeels.com
Face Value ₹ 10
Shares Outstanding 6,40,133

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