Steelcast Limited (STEELCAS) - Net Assets
Based on the latest financial reports, Steelcast Limited (STEELCAS) has net assets worth Rs3.95 Billion INR (≈ $42.72 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.60 Billion ≈ $49.77 Million USD) and total liabilities (Rs651.85 Million ≈ $7.05 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check STEELCAS strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs3.95 Billion |
| % of Total Assets | 85.84% |
| Annual Growth Rate | 16.57% |
| 5-Year Change | 152.32% |
| 10-Year Change | 433.52% |
| Growth Volatility | 15.37 |
Steelcast Limited - Net Assets Trend (2006–2026)
This chart illustrates how Steelcast Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Steelcast Limited.
Annual Net Assets for Steelcast Limited (2006–2026)
The table below shows the annual net assets of Steelcast Limited from 2006 to 2026. Also explore STEELCAS net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs3.95 Billion ≈ $42.72 Million |
+21.22% |
| 2025-03-31 | Rs3.26 Billion ≈ $35.24 Million |
+20.87% |
| 2024-03-31 | Rs2.70 Billion ≈ $29.16 Million |
+25.28% |
| 2023-03-31 | Rs2.15 Billion ≈ $23.27 Million |
+37.46% |
| 2022-03-31 | Rs1.57 Billion ≈ $16.93 Million |
+21.57% |
| 2021-03-31 | Rs1.29 Billion ≈ $13.93 Million |
+9.23% |
| 2020-03-31 | Rs1.18 Billion ≈ $12.75 Million |
+2.55% |
| 2019-03-31 | Rs1.15 Billion ≈ $12.43 Million |
+23.17% |
| 2018-03-31 | Rs933.31 Million ≈ $10.09 Million |
+26.05% |
| 2017-03-31 | Rs740.40 Million ≈ $8.01 Million |
+3.03% |
| 2016-03-31 | Rs718.65 Million ≈ $7.77 Million |
+19.96% |
| 2015-03-31 | Rs599.08 Million ≈ $6.48 Million |
-24.23% |
| 2014-03-31 | Rs790.71 Million ≈ $8.55 Million |
+2.63% |
| 2013-03-31 | Rs770.41 Million ≈ $8.33 Million |
+29.22% |
| 2012-03-31 | Rs596.20 Million ≈ $6.45 Million |
+31.90% |
| 2011-03-31 | Rs452.01 Million ≈ $4.89 Million |
+10.61% |
| 2010-03-31 | Rs408.65 Million ≈ $4.42 Million |
+9.76% |
| 2009-03-31 | Rs372.30 Million ≈ $4.03 Million |
+9.00% |
| 2008-03-31 | Rs341.55 Million ≈ $3.69 Million |
+23.32% |
| 2007-03-31 | Rs276.95 Million ≈ $3.00 Million |
+50.50% |
| 2006-03-31 | Rs184.02 Million ≈ $1.99 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Steelcast Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 307712400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs3.08 Billion | 77.90% |
| Common Stock | Rs101.20 Million | 2.56% |
| Other Comprehensive Income | Rs580.25 Million | 14.69% |
| Other Components | Rs191.62 Million | 4.85% |
| Total Equity | Rs3.95 Billion | 100.00% |
Steelcast Limited Competitors by Market Cap
The table below lists competitors of Steelcast Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Poongsan Holdi
KO:005810
|
$350.29 Million |
|
Sichuan Tianwei Electronic Co Ltd
SHG:688511
|
$350.30 Million |
|
Jiangsu Chunlan Refrigerating Equipment Stock Co Ltd
SHG:600854
|
$350.42 Million |
|
Mobia Medical, Inc. Common Stock
NASDAQ:MOBI
|
$350.44 Million |
|
Tidewater Midstream and Infrastructure Ltd
TO:TWM
|
$349.94 Million |
|
Trimegah Securities Tbk
JK:TRIM
|
$349.92 Million |
|
Beijing SunwayWorld Science & Technology Co. Ltd.
SHE:301159
|
$349.86 Million |
|
Diamond Food Indonesia PT
JK:DMND
|
$349.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steelcast Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 3,258,740,000 to 3,950,188,000, a change of 691,448,000 (21.2%).
- Net income of 868,587,000 contributed positively to equity growth.
- Dividend payments of 173,052,000 reduced retained earnings.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs868.59 Million | +21.99% |
| Dividends Paid | Rs173.05 Million | -4.38% |
| Other Changes | Rs-4.09 Million | -0.1% |
| Total Change | Rs- | 21.22% |
Book Value vs Market Value Analysis
This analysis compares Steelcast Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.20x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 125.17x to 8.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs2.56 | Rs319.90 | x |
| 2007-03-31 | Rs3.85 | Rs319.90 | x |
| 2008-03-31 | Rs4.74 | Rs319.90 | x |
| 2009-03-31 | Rs5.17 | Rs319.90 | x |
| 2010-03-31 | Rs5.54 | Rs319.90 | x |
| 2011-03-31 | Rs5.71 | Rs319.90 | x |
| 2012-03-31 | Rs7.76 | Rs319.90 | x |
| 2013-03-31 | Rs9.05 | Rs319.90 | x |
| 2014-03-31 | Rs8.54 | Rs319.90 | x |
| 2015-03-31 | Rs6.58 | Rs319.90 | x |
| 2016-03-31 | Rs7.57 | Rs319.90 | x |
| 2017-03-31 | Rs7.33 | Rs319.90 | x |
| 2018-03-31 | Rs9.22 | Rs319.90 | x |
| 2019-03-31 | Rs11.36 | Rs319.90 | x |
| 2020-03-31 | Rs11.65 | Rs319.90 | x |
| 2021-03-31 | Rs12.72 | Rs319.90 | x |
| 2022-03-31 | Rs15.47 | Rs319.90 | x |
| 2023-03-31 | Rs21.27 | Rs319.90 | x |
| 2024-03-31 | Rs26.64 | Rs319.90 | x |
| 2025-03-31 | Rs32.20 | Rs319.90 | x |
| 2026-03-31 | Rs39.02 | Rs319.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steelcast Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.53%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.17x
- Recent ROE (21.99%) is above the historical average (16.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 47.52% | 11.71% | 1.56x | 2.60x | Rs69.04 Million |
| 2007 | 40.37% | 11.24% | 1.28x | 2.81x | Rs84.10 Million |
| 2008 | 23.57% | 6.84% | 1.12x | 3.08x | Rs46.33 Million |
| 2009 | 13.77% | 3.86% | 1.45x | 2.46x | Rs14.05 Million |
| 2010 | 6.81% | 2.91% | 1.01x | 2.32x | Rs-13.02 Million |
| 2011 | 9.57% | 3.25% | 1.03x | 2.87x | Rs-1.94 Million |
| 2012 | 23.67% | 5.95% | 1.32x | 3.02x | Rs81.48 Million |
| 2013 | 25.51% | 6.84% | 1.21x | 3.09x | Rs119.50 Million |
| 2014 | 0.54% | 0.29% | 0.60x | 3.07x | Rs-74.81 Million |
| 2015 | -30.88% | -23.38% | 0.35x | 3.74x | Rs-244.91 Million |
| 2016 | 0.18% | 0.10% | 0.62x | 3.06x | Rs-70.54 Million |
| 2017 | 4.00% | 2.21% | 0.64x | 2.84x | Rs-44.50 Million |
| 2018 | 22.35% | 9.28% | 0.92x | 2.61x | Rs115.25 Million |
| 2019 | 21.73% | 8.10% | 1.39x | 1.93x | Rs134.79 Million |
| 2020 | 6.77% | 4.17% | 0.97x | 1.67x | Rs-38.12 Million |
| 2021 | 9.34% | 7.86% | 0.80x | 1.49x | Rs-8.56 Million |
| 2022 | 21.25% | 11.21% | 1.07x | 1.76x | Rs176.16 Million |
| 2023 | 32.77% | 15.19% | 1.52x | 1.42x | Rs490.04 Million |
| 2024 | 27.82% | 18.72% | 1.24x | 1.20x | Rs480.40 Million |
| 2025 | 22.16% | 19.19% | 0.97x | 1.19x | Rs396.11 Million |
| 2026 | 21.99% | 20.53% | 0.92x | 1.17x | Rs473.57 Million |
Industry Comparison
This section compares Steelcast Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,692,362,228
- Average return on equity (ROE) among peers: 8.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steelcast Limited (STEELCAS) | Rs3.95 Billion | 47.52% | 0.17x | $350.11 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $1.13 Billion | 20.13% | 1.71x | $2.64 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $1.66 Billion | 1.53% | 1.23x | $6.82 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $525.87 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $865.10 Million | 10.84% | 4.67x | $36.55 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $661.68 Million | 3.24% | 1.16x | $128.43 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-2.49 Billion | 0.00% | 0.00x | $127.54 Million |
| Grand Foundry Limited (GFSTEELS) | $-54.53 Million | 0.00% | 0.00x | $8.37 Million |
| Goodluck India Limited (GOODLUCK) | $15.29 Billion | 11.82% | 0.99x | $185.93 Million |
| Godawari Power And Ispat limited (GPIL) | $5.08 Billion | 11.02% | 1.22x | $1.64 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $167.95 Million | 9.40% | 1.82x | $121.54 Million |
About Steelcast Limited
Steelcast Limited manufactures and sells steel and alloy castings in India. The company offers adapter and tooth point, front axle spindle, axle housing, component for backhoe loader, track shoe, cross member, tilt lever, spindle, sprocket, steering case, lift arm, drive tube, saddle, and support; apron pan assembly, cutting edge, idler, rack and pinion, fork type corner tooth, box type tooth poi… Read more