Welcast Steels Ltd

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NSEBSE
Stock not tradded

1560.00-37.50 (-2.35%)

04:01 PM,27th Feb 2024

BSE : 504988

NSE :

Sector : Engineering

ISIN Code : INE380G01015

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Last Updated: Feb 27 2024 | 04:01 PM IST

Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

Face Value

10

52-WK High

0.00

52-WK High Date

Invalid date

52-WK Low

0.00

52-WK Low Date

Invalid date

All Time High

0.00

All Time High Date

Invalid date

All Time Low

0.00

All Time Low Date

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Welcast Steels Ltd

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 42000 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 42000 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.

Welcast Steels Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

99

EPS - TTM (₹) [S]

28.32

P/E Ratio (X) [S]

2.63

Face Value (₹) 10
Latest Dividend (%)25.00
Latest Dividend Date 05 Sep 2023
Dividend Yield (%) 0.16
Book Value Share (₹) [S]592.24
P/B Ratio (₹) [S]2.63
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

1550.00

1621.00

Week Low/High

1550.00

1700.00

Month Low/High

1485.25

1700.00

Year Low/High

533.00

1700.00

All time Low/High

8.40

1700.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.51%%0.050.01%
1 Month0.78%%3.393.96%
3 Month4.42%%10.8012.14%
6 Month98.71%%12.6515.22%
1 Year130.48%%23.2927.63%
3 Year316.67%%48.8752.78%

Company Info

Company Information

Chairman & Independent Directo : D P Dhanuka

Non Executive Director : Bhadresh K Shah

Independent Director : Pradip R Shah

Independent Director : Sanjay Shailesh Majmudar

Independent Director : Ashok A Nichani

Company Sec. & Compli. Officer : S N Jetheliya

Director : Khushali Samip Solanki

Registered Office: 115-116 G V M M Estate, Odhav Road Odhav,Ahmedabad,Gujarat-382415 Ph: 91-079-22901078

Email:info@welcaststeels.com

URL:http://www.welcaststeels.com