Transcript of the earnings conference call for the Q4FY26 ended on March 31, 2026
Audio recording of the Earnings Conference call for Q4FY26
Submission of Investor Presentation under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.
Audited Financial Results for the quarter and year ended 31st March, 2026
Outcome of the 295th meeting of the Board of Directors of STEELCAST LIMITED held on 30th May, 2026, through Video Conferencing (VC) facility.
Submission of Annual Secretarial Compliance Report under regulation 24A of SEBI (LODR) Regulations, 2015 for the year ended March 31, 2026
Intimation of Schedule of call with analyst(s) / institutional investor(s) and Registration Link thereof
1. Audited Financial Results for the quarter and year ended 31st March, 2026. 2. Recommendation of Final Dividend on equity shares for the financial year 2025-26, if any.
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanySteelcast Ltd 2CIN NO.L27310GJ1972PLC002033 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY A-A2+ 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkNSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: UMESH V BHATT Designation: COMPANY SECRETARY AND COMPLIANCE OFFICER EmailId: cs@steelcast.net Name of the Chief Financial Officer: SUBHASH R SHARMA Designation: EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER EmailId: ss@steelcast.net Date: 30/04/2026 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 119.49 | 101.61 | 90.31 | 98.40 | 77.66 | 75.90 | 101.81 | 120.79 | 106.69 | 106.65 | 97.40 | 112.43 |
| YOY Revenue Growth % | 3.35% | -16.14% | -24.57% | -18.22% | -35.01% | -25.3% | 12.73% | 22.75% | 37.38% | 40.51% | -4.33% | -6.92% |
| Other Income | 0.29 | 0.57 | 0.51 | 0.80 | 0.91 | 1.49 | 0.89 | 1.16 | 2.72 | 3.95 | 3.70 | 5.08 |
| Total Income | 119.78 | 102.18 | 90.82 | 99.20 | 78.57 | 77.40 | 102.70 | 121.95 | 109.41 | 110.60 | 101.10 | 117.51 |
| Total Expenses + | 92.18 | 77.35 | 67.42 | 74.10 | 61.04 | 59.50 | 76.88 | 85.86 | 82.75 | 79.65 | 73.21 | 86.52 |
| Cost of Materials Consumed | 28.03 | 20.70 | 18.93 | 18.64 | 15.00 | 18.25 | 24.87 | 24.28 | 23.40 | 18.89 | 19.63 | 23.01 |
| Employee Benefit Expense | 10.12 | 10.12 | 10.25 | 10.74 | 10.20 | 10.41 | 12.03 | 13.18 | 12.87 | 12.96 | 13.32 | 13.96 |
| Other Expenses | 42.40 | 36.72 | 32.20 | 38.49 | 29.96 | 34.33 | 42.98 | 45.43 | 43.83 | 40.29 | 39.09 | 45.60 |
| Operating Profit | 27.31 | 24.26 | 22.89 | 24.30 | 16.62 | 16.40 | 24.93 | 34.93 | 23.94 | 27.00 | 24.19 | 25.91 |
| OPM % | 22.9% | 23.9% | 25.3% | 24.7% | 21.4% | 21.6% | 24.5% | 28.9% | 22.4% | 25.3% | 24.8% | 23% |
| Profit Before Tax + | 27.59 | 24.84 | 23.40 | 25.11 | 17.53 | 17.89 | 25.82 | 36.08 | 26.66 | 30.95 | 27.89 | 30.99 |
| Tax Expense | 7.32 | 6.24 | 5.97 | 6.40 | 4.60 | 4.60 | 6.61 | 9.32 | 6.78 | 7.74 | 7.30 | 7.81 |
| Tax % | 26.5% | 25.1% | 25.5% | 25.5% | 26.2% | 25.7% | 25.6% | 25.8% | 25.4% | 25% | 26.2% | 25.2% |
| Profit After Tax | 20.28 | 18.59 | 17.42 | 18.71 | 12.93 | 13.29 | 19.21 | 26.77 | 19.88 | 23.21 | 20.59 | 23.18 |
| EPS (Basic) | 10.02 | 9.19 | 8.61 | 9.24 | 6.39 | 6.57 | 9.49 | 13.22 | 9.82 | 2.29 | 2.03 | 2.29 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 423.17 | 376.17 | 409.81 | 476.83 | 302.04 | 157.73 |
| YOY Revenue Growth % | 12.49% | -8.21% | -14.06% | 57.87% | 91.49% | - |
| Other Income | 15.45 | 4.45 | 2.70 | 1.10 | 0.32 | 1.49 |
| Total Income | 438.62 | 380.61 | 412.51 | 477.94 | 302.36 | 159.22 |
| Total Expenses + | 322.13 | 283.29 | 311.58 | 383.42 | 257.63 | 143.58 |
| Cost of Materials Consumed | 84.92 | 82.40 | 86.31 | 121.38 | 94.95 | 36.29 |
| Employee Benefit Expense | 53.11 | 45.83 | 41.22 | 37.02 | 28.36 | 19.85 |
| Other Expenses | 168.82 | 152.70 | 149.82 | 192.59 | 141.98 | 72.36 |
| Operating Profit | 101.03 | 92.88 | 98.23 | 93.42 | 44.41 | 14.15 |
| OPM % | 23.9% | 24.7% | 24% | 19.6% | 14.7% | 9% |
| Profit Before Exceptional | 116.48 | 97.33 | 100.93 | 94.52 | 44.73 | 15.64 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 116.48 | 97.33 | 100.93 | 94.52 | 44.73 | 15.64 |
| Tax Expense | 29.62 | 25.13 | 25.93 | 24.00 | 11.46 | 3.62 |
| Tax % | 25.4% | 25.8% | 25.7% | 25.4% | 25.6% | 23.2% |
| Profit After Tax | 86.86 | 72.20 | 75.00 | 70.52 | 33.27 | 12.02 |
| EPS (Basic) | 8.58 | 35.67 | 37.06 | 34.84 | 16.44 | 5.94 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 199.51 | 181.31 | 157.97 | 157.31 | 125.47 | 109.27 |
| Property, Plant & Equipment | 158.10 | 141.71 | 137.95 | 141.52 | 108.72 | 97.07 |
| Capital Work in Progress | 1.24 | 1.68 | 0.05 | 0.14 | 4.96 | 0.85 |
| Non-Current Investments | 21.00 | 7.48 | 4.49 | 4.55 | 0.09 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.09 | 0.24 | 0.23 | 0.35 | 0.66 | 1.15 |
| Current Assets + | 260.70 | 208.05 | 165.68 | 147.73 | 150.58 | 82.98 |
| Inventories | 40.82 | 42.96 | 32.30 | 50.91 | 61.57 | 25.63 |
| Trade Receivables | 108.25 | 97.51 | 93.32 | 77.45 | 75.16 | 51.37 |
| Cash and Cash Equivalents | 1.35 | 0.01 | 0.01 | 0.25 | 0.12 | 0.07 |
| Current Investments | 57.83 | 29.38 | 16.88 | 5.01 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 395.02 | 325.87 | 269.62 | 215.21 | 156.55 | 128.77 |
| Equity Share Capital | 10.12 | 10.12 | 10.12 | 10.12 | 10.12 | 10.12 |
| Other Equity | 384.90 | 315.75 | 259.50 | 205.09 | 146.43 | 118.65 |
| Non-Current Liabilities | 13.79 | 11.56 | 9.63 | 8.22 | 7.77 | 20.52 |
| Current Liabilities | 51.39 | 51.92 | 44.40 | 81.61 | 111.72 | 42.95 |
| Total Liabilities | 65.18 | 63.48 | 54.03 | 89.84 | 119.49 | 63.48 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | 86.44 | 73.75 | 68.05 | 107.67 | -0.07 | 23.72 |
| Cash from Investing Activities | -67.48 | -57.57 | -23.66 | -54.21 | -32.72 | -3.51 |
| Cash from Financing Activities | -17.61 | -16.17 | -44.63 | -53.32 | -24.96 | -8.23 |
| Net Increase/Decrease in Cash | 1.34 | 0.01 | -0.25 | 0.14 | -57.75 | 11.99 |