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Welcast Steels Ltd share Price Today

Company details

1,240.25
1,338.50
651.05
1,861.85
6M Return -16.98%
1Y Return 77.18%
Mkt Cap.(Cr) 79.13
Volume 653
Div Yield 0.19%
OI
-
OI Chg %
-
Volume 653

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Welcast Steels Ltd shares SWOT Analysis

Strengths (10)

  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (2)

  • Negative Breakdown Second Support (LTP < S2)
  • Weak performer : Stock lost more than 20% in 1 month

Opportunity (1)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 1,347.5
R2 1,394.8
R3 1,418.5
Pivot

1,323.77

S1 1,276.5
S2 1,252.8
S3 1,205.5
EMA SMA
1,432.4
1,498.4
1,472.0
1,327.2
1,492.7
1,527.5
1,537.1
1,288.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
VINAY R SOMANI Bulk Purchase 2024-05-09 1563.78 3601 BSE
SOMANI STOCK BROKING PVT LTD Bulk Sell 2024-05-09 1553.18 3692 BSE
DIPAK KANAYALAL SHAH Bulk Sell 2018-02-09 809.73 4461 BSE
Name Category Shares
AIA ENGINEERING LIMITED PROMOTER 74.85%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Welcast Steels Ltd Stocks COMPARISON

Financials( in Cr) Welcast Steels Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 1,240.25 3,805.25 5,295.70 1,618.00 2,330.90
% Change -4.62 2.46 2.96 -2.09 -1.83
Mcap Cr 79.13 105,481.53 63,101.44 30,783.74 25,807.72
Revenue TTM Cr 93.92 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 2.64 1,228.15 450.70 441.70 295.08
PE TTM 15.86 67.25 103.91 68.08 68.33
1 Year Return 77.18 138.53 137.48 38.47 13.96
ROCE 11.48 26.89 14.53 20.69 27.49
ROE 7.78 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 35.31 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31

Welcast Steels Ltd Information

Stock PE (TTM)
15.86
Promoter Holding
74.85%
Book Value
629.8438
ROCE
11.48%
ROE
7.78%
Description
  • Incorporated in February, 1972, Welcast Steels Ltd (WSL) manufactures and markets a wide range of High Chrome Grinding Media Balls which are used in the process of Crushing/Grinding in the Cement, Mining and Thermal Power Plants. At present, the Company`s manufacturing capacity is 42,000 p.a. of High Chrome Grinding Media Balls. The Company employs alloy-casting process for manufacture of the products, which require designing of alloys in relation to end application. The casting process is followed by precision heat treatment to develop required end properties. Therefore, Company can generally be classified as a foundry. Since the Company`s products are used in the cement, mining and thermal power plants, the market prospects are linked with the requirement of these industries. The Indian Cement Industry has been facing excess capacity in the recent past due to sluggish demand. The Cement Industry, having grown its capacity upto 300 Million Tonnes P.A. got into a phase of consolidation with the new capacity additions having slowed down. Apart from these, the Company services the cement, mining industries and thermal power plants in India. It is also servicing the replacement and new capex requirements of coal fired thermal power plants and thus directly catering to the power sector. During 96-97, the company has upgraded its heat treatment technology. It has entered into technical collaboration with Magotteaux International, Belgium, for manufacturing grinding media of international standard for the mining industry to boost its exports. The Company increased the manufacturing capacity, resulting an expansion by 42,000 tons p.a. in 2005-06. The Cement Industry has practically use the High Chrome consumable wear parts, whereas in the mining industry migration from the use of conventional method using forged grinding balls to the use of High Chrome Grinding Media is still in progress. Estimated annual consumption of Grinding Media for the mining segment is 2.50 million tons with around 20% of the same migrating from the conventional usage of forged castings to High Chrome.

Registered Address

115-116 G V M M Estate, Odhav Road Odhav, Ahmedabad, Gujarat, 382415

Tel : 91-079-22901078
Email : info:welcaststeels.com
Website : http://www.welcaststeels.com
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 504988
NSE Code :
Book Closure Date (Month) : Sep
BSE Group : XT
ISIN : INE380G01015

FAQ’s on Welcast Steels Ltd Shares

You can buy Welcast Steels Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Welcast Steels Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 27, 2024 03:32 PM the closing price of Welcast Steels Ltd was Rs.1,240.25.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 27, 2024 03:32 PM, the market cap of Welcast Steels Ltd stood at Rs. 79.13.

The latest PE ratio of Welcast Steels Ltd as of May 27, 2024 03:32 PM is 15.86

The latest PB ratio of Welcast Steels Ltd as of May 27, 2024 03:32 PM is 0.48

The 52-week high of Welcast Steels Ltd share price is Rs. 1,861.85 while the 52-week low is Rs. 651.05

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