---
title: "Thaai Casting Ltd (TCL) — Share Price, Financials & Analysis"
symbol: "TCL"
company: "Thaai Casting Ltd"
canonical: "https://tapetide.com/stocks/TCL"
isin: "INE0QJL01014"
nse_symbol: "TCL"
sector: "Consumer Discretionary"
industry: "Auto Components"
market_cap_cr: 277.49
generated_at: "2026-09-13T19:21:05.681Z"
---

# Thaai Casting Ltd (TCL)

Canonical page: https://tapetide.com/stocks/TCL

## Company

- **NSE Symbol:** TCL
- **ISIN:** INE0QJL01014
- **Sector:** Consumer Discretionary
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-02-23
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** thaaicasting.com

## About

Incorporated in 2011, Thaai Casting is an automotive ancillary / precision engineering company specialising in High Pressure Die Casting, precision machining, induction hardening, gas nitriding, gear shaping and Non-Ferrous Materials, Gear Shaping and Heavy Machining, enabling it to deliver end-to-end solutions for diverse industrial needs.[1]

## Latest Price

- **Price:** ₹113.05
- **Change:** -0.15 (-0.13%)
- **Open:** ₹110.25
- **Day High:** ₹114
- **Day Low:** ₹109.5
- **Previous Close:** ₹113.2
- **Volume:** 48000
- **As Of:** 2026-09-11T09:55:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:45.943263Z.

- **Market Cap:** ₹277.49 Cr
- **Classification:** SME
- **P/E (reported):** 20.9
- **EPS (reported):** ₹5.53
- **Book Value:** ₹44.1
- **Price to Book:** 2.57
- **Dividend Yield:** 0%
- **ROE:** 14.21%
- **ROCE:** 17.35%
- **Debt to Equity:** 1.11
- **Revenue (yearly):** ₹145.57 Cr
- **Net Income:** ₹13.81 Cr
- **EBITDA:** ₹35.69 Cr
- **52-Week High:** ₹147.45
- **52-Week Low:** ₹74.05
- **RSI (14):** 37.59

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 19.69 | 9% |
| growth | 67.82 | 9% |
| momentum | 94.57 | 12% |
| ownership | 82.06 | 24% |
| quality | 47.29 | 22% |
| valuation | 30.02 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 104.69% | -13.14% | 235.23% |
| ebitda margin growth | -1.81% | -12.11% | — |
| net income growth | 14.13% | 29.07% | — |
| revenue growth | 18.25% | 26.98% | — |
| roce | -5.4% | -5.4% | — |
| roe | -3.73% | 14.49% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 48 | 48 | 53 | 69 | 62 | 83 |
| Expenses | 33 | 33 | 40 | 53 | 46 | 64 |
| Operating Profit | 15 | 15 | 14 | 16 | 16 | 20 |
| OPM % | 30 | 30 | 26 | 23 | 26 | 24 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 1 |
| Interest | 2 | 2 | 3 | 3 | 4 | 5 |
| Depreciation | 2 | 2 | 3 | 4 | 5 | 5 |
| Profit before tax | 11 | 11 | 8 | 8 | 7 | 11 |
| Tax % | 23 | 23 | 29 | 28 | 11 | 37 |
| Net Profit | 8 | 8 | 6 | 6 | 6 | 7 |
| EPS in Rs | 4.84 | 3.55 | 2.32 | 2.46 | 2.54 | 2.7 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 10m | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 71 | 122 | 146 |
| Expenses | 51 | 92 | 110 |
| Operating Profit | 20 | 30 | 36 |
| OPM % | 28 | 25 | 25 |
| Other Income | 0 | 1 | 1 |
| Interest | 3 | 7 | 9 |
| Depreciation | 2 | 7 | 10 |
| Profit before tax | 14 | 17 | 18 |
| Tax % | 26 | 29 | 26 |
| Net Profit | 11 | 12 | 13 |
| EPS in Rs | 4.61 | 5.23 | 5.24 |
| Dividend Payout % | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 23 | 23 | 24 |
| Reserves | 49 | 60 | 87 |
| Borrowings | 46 | 90 | 123 |
| Other Liabilities | 19 | 30 | 54 |
| Total Liabilities | 137 | 204 | 288 |
| Fixed Assets | 61 | 93 | 106 |
| CWIP | 4 | 11 | 72 |
| Investments | 0 | 0 | 0 |
| Other Assets | 71 | 100 | 109 |
| Total Assets | 137 | 204 | 288 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | -25 | 1 | 35 |
| Cash from Investing Activity | -68 | -50 | -84 |
| Cash from Financing Activity | 104 | 39 | 48 |
| Net Cash Flow | 11 | -10 | -1 |
| Free Cash Flow | -93 | -44 | -53 |
| CFO/OP | -118 | 16 | 107 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 61 | 73 | 78 |
| Inventory Days | 268 | 247 | 202 |
| Days Payable | 115 | 105 | 196 |
| Cash Conversion Cycle | 215 | 216 | 84 |
| Working Capital Days | 91 | 70 | -7 |
| ROCE % | — | 16 | 13 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 86.5% | 63.58% | 63.58% | 63.58% | 60.41% | 60.41% |
| FIIs | 0% | 6.56% | 0% | 0% | 1.26% | 1.26% |
| DIIs | 0% | 0.04% | 0.02% | 0% | 0% | 2.25% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 25.56% | 32.28% | 29.32% | 31.71% | 30.1% |
| Others | 13.5% | 4.27% | 4.12% | 7.1% | 6.62% | 5.97% |
| No. of Shareholders | 10 | 1564 | 2711 | 2428 | 2227 | 1982 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 5 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 119.57 | Sell |
| EMA (10) | 118.95 | Sell |
| SMA (20) | 129.11 | Sell |
| EMA (20) | 122.77 | Sell |
| SMA (50) | 122.5 | Sell |
| EMA (50) | 120.25 | Sell |
| SMA (100) | 110.02 | Buy |
| EMA (100) | 113.61 | Sell |
| SMA (200) | 102.5 | Buy |
| EMA (200) | 107.95 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 36.64 | Neutral |
| MACD (12,26,9) | -2.89 | Sell |
| Stochastic (14,3,3) | 32.16 | Neutral |
| ADX (14) | 30.92 | Buy |
| Williams %R (14) | -67.81 | Neutral |
| ATR (14) | 8.08 | High Volatility |
| ROC (12) | -19.22 | Sell |
| Stoch RSI (14) | 9.65 | Buy |
| UO (7,14,28) | 58.14 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Newspaper ads published for 3rd AGM on 30 September 2026 via VC/OAVM. | [Copy of Newspaper Publication 9 Sep - Newspaper ads published for 3rd AGM on 30 September 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/THAAI_09092026234142_Thaai_Casting__POST.pdf) |
| 9 Jul - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 9 Jul - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=TCL&tabIndex=sme) |
| 8 Sep - Thaai Casting’s 3rd AGM is on 30 Sep 2026; shareholders will adopt FY26 financials and approve director reappointments. | [Shareholders meeting 8 Sep - Thaai Casting’s 3rd AGM is on 30 Sep 2026; shareholders will adopt FY26 financials and approve director reappointments.](https://nsearchives.nseindia.com/corporate/THAAI_08092026210241_TCL__AGM_Notice_NSE__2025_26.pdf) |
| 8 Sep - Thaai Casting published AGM notice; 3rd AGM on September 30, 2026 via VC/OAVM. | [Copy of Newspaper Publication 8 Sep - Thaai Casting published AGM notice; 3rd AGM on September 30, 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/THAAI_08092026164852_Pre_AGM_notice_TCL_08_09_2026.pdf) |
| 7 Jul - Regulation 74(5) certificate filed for quarter ended 30 June 2026; no shares dematerialised. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 Jul - Regulation 74(5) certificate filed for quarter ended 30 June 2026; no shares dematerialised.](https://nsearchives.nseindia.com/corporate/THAAI_07072026103927_Reg_74__5__DP_30_06_2026_TCL.pdf) |
| 6 March 2026 - Only digital signatures and timestamps; no substantive announcement. | [Outcome of Board Meeting 6 March 2026 - Only digital signatures and timestamps; no substantive announcement.](https://nsearchives.nseindia.com/corporate/THAAI_06032026165357_Regulation_30_Outcome_BM_06_03_2026.pdf) |
| 4 March 2026 - Thaai Casting: virtual investor group meeting at Bharat Connect Conference on Mar 11, 2026, 03:00-04:00. | [Analysts/Institutional Investor Meet/Con. Call Updates 4 March 2026 - Thaai Casting: virtual investor group meeting at Bharat Connect Conference on Mar 11, 2026, 03:00-04:00.](https://nsearchives.nseindia.com/corporate/THAAI_04032026174522_Intimation_NSE_Rgeulation_30_Investor_Meet_11_March_2026__TCL.pdf) |
| 4 Jun - Thaai Casting held virtual one-to-one analyst/investor meetings on 4 June 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 4 Jun - Thaai Casting held virtual one-to-one analyst/investor meetings on 4 June 2026.](https://nsearchives.nseindia.com/corporate/THAAI_04062026182343_Outcome_Investor_Meet_04_06_2026_NSE.pdf) |
| 31 Jul - Thaai Casting held virtual investor meetings on July 31, 2026 with Damani Family Office, TRUST Mutual Fund, and CJ Shah Family Office. | [Analysts/Institutional Investor Meet/Con. Call Updates 31 Jul - Thaai Casting held virtual investor meetings on July 31, 2026 with Damani Family Office, TRUST Mutual Fund, and CJ Shah Family Office.](https://nsearchives.nseindia.com/corporate/THAAI_31072026170842_July_31_investor_meet.pdf) |
| 31 Aug - Board reappointed four directors for three years and fixed 30 September 2026 AGM. | [Outcome of Board Meeting 31 Aug - Board reappointed four directors for three years and fixed 30 September 2026 AGM.](https://nsearchives.nseindia.com/corporate/THAAI_31082026191518_Outcome_BM_31_AUG_26.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31960_TCL_2025_2026_A_6158465_08092026211435.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28984_TCL_2024_2025_A_5761281_08092025224602.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26107_TCL_2023_2024_06092024234134.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/THAAI_18112025221451_Earning_Call_Transcript.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/TCL_25112024215026_TCL-EarningcallTranscriptionSigned.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/THAAI_07062025164641_dsc_new_merged.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/TCL_10062024134440_Transcriptionintimationfinalsignedupload.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://nsearchives.nseindia.com/corporate/TCL_25072024183252_intimationinvestorpresentationsignedfinalupload.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://nsearchives.nseindia.com/corporate/THAAI_23012025160903_Intimationinvestor_presentationfinal-23012025-signed.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:21:05.681Z.