If you are thinking about which stock will be the best for investment in recent times, then you should know about Steelcast Ltd.’s Share Price Target. Today in this blog post I am going to discuss the basics of Steelcast Ltd.’s Share Price Target for 2024, 2025, to 2030. We did deep research and took expert advice to write this blog post and to understand the basics of the company’s growth, performance, Future Plans, etc Of Steelcast Ltd.
Steelcast Ltd. is a Castings/Forgings sector company listed in both BSE and NSE. In this blog post, we will discuss Steelcast Ltd.’s financial growth, business policies, shareholding pattern, and its forecast of share price yearly. we use a lot of website data to analyze and understand Steelcast Ltd.’s fundamentals and its future Share Price Target from 2024 up to 2030.
About Steelcast Ltd.
Steelcast Ltd. is a mining and Manufacturing company that was incorporated in the year 1960 as a partnership form and in the year 1972 the company converted into a private company. Later in the year 1988 the company is converted into a deemed public company.
Business Areas of Steelcast Ltd.
Steelcast Ltd. Is engaged in
Iron ore Mining
Manufacturing of Earthmoving Equipment
Manufacturing of heavy electric equipment
Manufacturing of mineral processing equipment
Manufacturing of OFE valve
Manufacturing of general engineering equipment
The major clients of the company are cement plants, thermal power plants, steel plants, and mining & mineral processing units.
Fundamentals of Steelcast Ltd.
| Market Cap | ₹ 1,505.45 Cr. |
| P/E Ratio | 22.25 |
| P/B Ratio | 5.33 |
| Dividend Yield | 0.97% |
| Book Value (TTM) | ₹ 139.60 |
| Cash | ₹ 12.46 Cr. |
| Debt | ₹ 0.08 Cr. |
| Promoter Holding | 45% |
| EPS (TTM) | ₹ 33.43 |
| Sales Growth | -14.06% |
| ROE (Return on Equity) | 30.94% |
| ROCE | 40.20% |
| Profit Growth | 6.35% |
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Fundamental Analysis of Steelcast Ltd.
Before investing we need to understand Steelcast Ltd.’s major ratios like PE ratio, return on assets, current ratio, and return on equity, etc. Because it gives us the financial health information of Steelcast Ltd, in this section, I will discuss the past financial performance of Steelcast Ltd. And Steelcast Ltd.’s future Share Price Target based on the ratios analyzed below.
PE Ratio
The PE ratio of Steelcast Ltd. is used to measure how much investors are interested in paying for a share of its earnings so Steelcast Ltd. has a 22.25% PE ratio compared to its sector PE ratio of 24.18%, indicating that the stock is undervalued compared to its sector.
Profit Growth
The profit growth of Steelcast Ltd. in was last 1 year was 6.35%, for the last 3 years 84.09%, and last 5 years 24.6%, indicating that the company showed stable uptrend profit growth overall in the 5 years.
Return on Assets
Steelcast Ltd.’s Return on assets has increased from 23.12% to 23.17%, showing minor improvement in its ROA. which indicates stability in the company’s performance with consistent growth.
Return on Equity
ROE indicates how effectively Steelcast Ltd. uses shareholders’ capital to produce earnings. So Steelcast Ltd. Has a 30.94% ROE which is good. Generally higher ROE is better.
Sales Growth
The sales growth of Steelcast Ltd. in was last 1 year is -14%, for the last 3 years 37.47%, and last 5 years 5.21%, indicating that the company has shown strong sales growth overall over the 5 years.
Debt to Equity Ratio
Steelcast Ltd. Has 0 which indicates that the company is virtually debt-free. there is no burden of debt repayment on the company.
Dividend Yield
In the current year dividend payout of Steelcast Ltd. Is 1.35 Rs. And the yield is 27%.
Earnings per Share
The current year’s EPS of Steelcast Ltd. Grew by 33.43%, generally, higher EPS is better for its investors.
Share Holding Pattern of Steelcast Ltd.
Promoters: 45%
Public: 54.65%
FII (Foreign Institutional Investors): 0.06%
DII (Domestic Institutional Investors): 0.3%
Promoters Holding
Promoter shareholding in the company is 45% which indicates that promoters have full control over the company and believe that the company can give better performance in the future.
FII Holding & DII Holding
FII & DII holds 0.06% and 0.3% respectively in the company, which indicates that Smart investors have limited confidence in the company.
Public Holding
Public holding in the company is around 54.65% which indicates that Steelcast Ltd. has a strong public trust and participation.
Steelcast Ltd. Share Price Target from 2024, 2025 to 2030
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2024 | 672 | 795 |
| 2025 | 751 | 1138 |
| 2026 | 1104 | 1692 |
| 2030 | 2249 | 2591 |
Steelcast Ltd. Share Price Target 2024
In this volatile market, Steelcast Ltd. moves aggressively in an uptrend making higher highs and higher lows so experts believe that the stock will continue its trend in upcoming months. Experts believe that If Steelcast Ltd. sustains a level above 747 then it will continue its uptrend rally and break its all-time high of 747, So as per expert analysis, Steelcast Ltd.’s Share Price Target 2024 will be a minimum of 672 and a maximum of 795.
| Minimum Share Price Target | 672 |
| Maximum Share Price Target | 795 |
Steelcast Ltd. Share Price Target 2025
Steelcast Ltd.’s profit growth has increased over the last 1 year is 6.35% and over the last 3 years 84.09% and over the last 5 years, 24.6% which shows that the profit growth is growing consistently so we are expecting Steelcast Ltd. Share Price Target 2025 will be a minimum of 751 and a maximum of 1138.
| Minimum Share Price Target | 751 |
| Maximum Share Price Target | 1138 |
Steelcast Ltd. Share Price Target 2026
The CAGR of Steelcast Ltd. Is Used to check at what rate an investment grows annually over a specific period of time of the investors Steelcast Ltd. the last year’s CAGR was 5.7%, for the last 3 years was 35.7%, and for the last 5 years was 20.1% indicating that the stock gives consistent returns to its investors so as per our analysis Steelcast Ltd. Share price target for 2026 will be minimum of 1104 and maximum of 1692.
| Minimum Share Price Target | 1104 |
| Maximum Share Price Target | 1692 |
Steelcast Ltd. Share Price Target 2030
The Govt of India aims to expand steel production capacity to 300 Mt with an additional investment of Rs. 10 lack crore by 2030, so this will boost the company’s future performance we are expecting Steelcast Ltd. Share Price Target for 2030 will be a minimum of 2249 and a maximum of 5398.
| Minimum Share Price Target | 2249 |
| Maximum Share Price Target | 2591 |
Final Words
Steelcast Ltd. has strong financial conditions and strong management. The company has been operating in the market for more than 5 decades with experience in the mining and manufacturing sector. So Investing in fundamental strong stocks and experienced management stocks will give you a good return. After the listing, the stock market showed strong purchasing demand. The stock also follows technical and has strong fundamentals and the company doesn’t have any red flags in its balance sheet. This post is for reference only and not meant as financial advice. We focus on stocks with strong fundamentals. Before investing, make sure to consider market conditions, sector performance, trends, and other important factors. If you found this post helpful, feel free to comment, share it with friends and family, and give us a rating.
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FAQ:
What is Steelcast Ltd. Share Price Target 2024?
Steelcast Ltd.’s Share Price Target 2024 will be a minimum of 672 and a maximum of 795.
What is Steelcast Ltd. Share Price Target 2025?
Steelcast Ltd.’s Share Price Target 2025 will be a minimum of 751 and a maximum of 1138.
What is Steelcast Ltd. Share Price Target 2030?
Steelcast Ltd.’s Share Price Target for 2030 will be a minimum of 2249 and a maximum of 5398.
