Steelcast Limited (STEELCAS.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-47.6%

₹191.37

vs ₹365.40 price

Levered DCF

₹175.92

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	26.33×	27.74×	17.6×	13.1×	21.18×	50.47×	76.03×	24.34×
P/B	5.79×	6.14×	4.9×	4.29×	4.5×	4.72×	5.16×	5.29×
P/S	5.4×	5.32×	3.29×	1.99×	2.38×	3.97×	3.17×	1.97×
EV / EBITDA	19.88×	18.05×	10.99×	8.18×	12×	19.09×	17.25×	11.23×
Gross margin	28.1%	29.6%	26.2%	33.5%	32.4%	35.0%	32.7%	30.2%
Operating margin	23.9%	24.9%	22.8%	19.2%	14.9%	11.5%	11.1%	19.5%
Net margin	20.5%	19.2%	18.7%	15.2%	11.2%	7.9%	4.2%	8.1%
Current ratio	5.07×	4.01×	3.73×	1.81×	1.35×	1.92×	1.53×	1.41×
Debt / equity	0×	0×	0×	0.11×	0.4×	0.18×	0.38×	0.56×
Interest coverage	388.54×	143.89×	71.71×	28.53×	28.3×	4.9×	4.51×	6.82×
Dividend yield	0.8%	0.8%	1.5%	1.3%	0.8%	0.2%	0.8%	0.5%
Payout ratio	19.9%	21.4%	26.7%	16.8%	16.4%	10.1%	61.2%	13.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	22.0%	22.2%	27.8%	32.8%	21.3%	9.3%	6.8%	21.7%
Return on invested capital	18.5%	20.6%	24.4%	26.9%	14.5%	8.3%	5.7%	23.3%
Return on assets	18.9%	18.5%	23.2%	23.1%	12.1%	6.3%	4.0%	11.2%
Free cash flow yield	2.6%	2.9%	4.9%	6.6%	-4.7%	3.9%	4.6%	7.4%
Earnings yield	3.8%	3.6%	5.7%	7.6%	4.7%	2.0%	1.3%	4.1%
Enterprise value	₹22.7B	₹20B	₹13.2B	₹9.5B	₹7.7B	₹6.3B	₹6.5B	₹6.7B
Net debt / EBITDA	-0.15×	-0.06×	0×	0.2×	0.98×	0.7×	1.17×	1.02×
Cash conversion cycle (days)	112	111	94	71	140	165	90	81