About Steelcast Limited
Data last updated: 09 January 2026
Steelcast Limited is a public limited company based in Bhavnagar, Gujarat, India. It specialises in die casting and metal forming, a part of the broader manufacturing sector. Incorporated on 11 February 1972, the company has been in operation for over 54 years.
Registered with ROC Ahmedabad under CIN L27310GJ1972PLC002033. Listed on BSE: 513517.
Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.12 Cr. Formerly known as Steelcast Bhavangar Private Limited and Steelcast Bhavangar Limited. It is led by directors including Ashutosh Hasmukhlal Shukla and Rushil Chetanbhai Tamboli.
Last AGM: 31 July 2025. Financial statements filed for year ended 31 March 2025. Office: Ruvapari Road, Bhavnagar, Gujarat, India – 364005.
As per the financials filed for FY 2025, the company reported a revenue of ₹380.61 Cr, a decline of 8% compared to the previous year.
The company has a workforce of approximately 1,381 employees as per the latest available data.
The company is associated with 1 brand - Steelcast. As per MCA filings, the company has open charges of ₹201.79 Cr and satisfied charges of ₹496.43 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website steelcast.net.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressRuvapari Road, Bhavnagar, Gujarat, India – 364005
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IndustryManufacturing, Die Casting & Metal Forming
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Steelcast Limited
Steelcast Limited has undergone 2 name changes throughout its history. The company was previously known as Steelcast Bhavangar Private Limited, and Steelcast Bhavangar Limited. The current legal name is Steelcast Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Steelcast Limited | Current |
| Steelcast Bhavangar Private Limited | Previous |
| Steelcast Bhavangar Limited | Previous |
Associated Brands with Steelcast Limited
Steelcast Limited operates one associated brand: Steelcast. These brands represent Steelcast Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Steel and alloy steel castings are manufactured for industrial use. | steelcast.net |
Business Activity of Steelcast Limited
Steelcast Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | ********* |
Auditor Details of Steelcast Limited
Steelcast Limited is audited by RAVI KARIA AND ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-09-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| RAVI KARIA AND ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-09-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Steelcast Limited
Steelcast Limited is currently managed by 13 directors, with 26 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Hasmukhlal Shukla | Whole-Time Director | 23 Jan 2023 | 3 Years 5 Months | Current |
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Rushil Chetanbhai Tamboli
Also directs:
Gujarat Credo Alumina Chemicals Limited, Credo Advanced Chemicals Limited, Venus Green Recycling Llp and 1 more
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Whole-Time Director | 02 Nov 2017 | 8 Years 8 Months | Current |
|
Aarushi Ganatra Manoj
Also directs:
Kitt Innovations Private Limited
|
Director | 18 May 2022 | 4 Years 1 Months | Current |
|
Hemantbhai Devendrabhai Dholakia
Also directs:
Goran Pharma Pvt Ltd, Hansrx Private Limited
|
Director | 29 Jun 2020 | 6 Years 0 Months | Current |
| Rajiv Dinesh Gandhi | Director | 23 Jan 2023 | 3 Years 5 Months | Current |
| Umeshkumar Vasantray Bhatt | Nodal Officer | 10 Nov 2021 | 4 Years 7 Months | Current |
Financials of Steelcast Limited FY 2026 filings available
Steelcast Limited reported revenue of ₹423.17 Cr (up 12.49% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹423.17 Cr | ₹376.17 Cr | ₹409.81 Cr | ₹476.83 Cr | ₹302.04 Cr |
| Other Income | ₹15.45 Cr | ₹4.45 Cr | ₹2.7 Cr | ₹1.1 Cr | ₹31.55 Lakh |
| Total Income | ₹438.62 Cr | ₹380.61 Cr | ₹412.51 Cr | ₹477.94 Cr | ₹302.36 Cr |
| Cost of Materials Consumed | ₹84.92 Cr | ₹82.4 Cr | ₹86.31 Cr | ₹121.38 Cr | ₹94.95 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹2.13 Cr | -₹10.84 Cr | ₹15.28 Cr | ₹11.87 Cr | -₹26.94 Cr |
| Employee Benefit Expense | ₹53.11 Cr | ₹45.83 Cr | ₹41.22 Cr | ₹37.02 Cr | ₹28.36 Cr |
| Finance Costs | ₹26.07 Lakh | ₹65 Lakh | ₹1.03 Cr | ₹2.41 Cr | ₹1.56 Cr |
| Depreciation & Amortisation | ₹12.9 Cr | ₹12.55 Cr | ₹17.92 Cr | ₹18.14 Cr | ₹17.72 Cr |
| Other Expenses | ₹168.82 Cr | ₹152.7 Cr | ₹149.82 Cr | ₹192.59 Cr | ₹141.98 Cr |
| Total Expenses | ₹322.13 Cr | ₹283.29 Cr | ₹311.58 Cr | ₹383.42 Cr | ₹257.63 Cr |
| Profit Before Exceptional Items & Tax | ₹116.48 Cr | ₹97.33 Cr | ₹100.93 Cr | ₹94.52 Cr | ₹44.73 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹116.48 Cr | ₹97.33 Cr | ₹100.93 Cr | ₹94.52 Cr | ₹44.73 Cr |
| Total Tax Expense | ₹29.62 Cr | ₹25.13 Cr | ₹25.93 Cr | ₹24 Cr | ₹11.46 Cr |
| Net Profit | ₹86.86 Cr | ₹72.2 Cr | ₹75 Cr | ₹70.52 Cr | ₹33.27 Cr |
| Other Comprehensive Income | -₹40.87 Lakh | -₹45.63 Lakh | -₹55.41 Lakh | -₹3.28 Lakh | -₹2.66 Lakh |
| Total Comprehensive Income | ₹86.45 Cr | ₹71.74 Cr | ₹74.45 Cr | ₹70.49 Cr | ₹33.25 Cr |
| EBITDA (computed) | ₹129.64 Cr | ₹110.52 Cr | ₹119.88 Cr | ₹115.08 Cr | ₹64.01 Cr |
| Basic EPS | ₹8.58 | ₹35.67 | ₹37.06 | ₹34.84 | ₹16.44 |
| Diluted EPS | ₹8.58 | ₹35.67 | ₹37.06 | ₹34.84 | ₹16.44 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹460.2 Cr | ₹389.36 Cr | ₹323.65 Cr | ₹305.04 Cr |
| Non-current Assets | ₹199.51 Cr | ₹181.31 Cr | ₹157.97 Cr | ₹157.31 Cr |
| Current Assets | ₹260.7 Cr | ₹208.05 Cr | ₹165.68 Cr | ₹147.73 Cr |
| Property, Plant & Equipment | ₹158.1 Cr | ₹141.71 Cr | ₹137.95 Cr | ₹141.52 Cr |
| Inventories | ₹40.82 Cr | ₹42.96 Cr | ₹32.3 Cr | ₹50.91 Cr |
| Trade Receivables | ₹108.25 Cr | ₹97.51 Cr | ₹93.32 Cr | ₹77.45 Cr |
| Cash & Equivalents | ₹1.35 Cr | ₹1.18 Lakh | ₹51,000 | ₹25.45 Lakh |
| Equity (Net Worth) | ₹395.02 Cr | ₹325.87 Cr | ₹269.62 Cr | ₹215.21 Cr |
| Equity Share Capital | ₹10.12 Cr | ₹10.12 Cr | ₹10.12 Cr | ₹10.12 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹4.55 Lakh | ₹8.32 Lakh | ₹23.65 Cr |
| Total Debt (computed) | ₹0 | ₹4.55 Lakh | ₹8.32 Lakh | ₹23.65 Cr |
| Current Liabilities | ₹51.39 Cr | ₹51.92 Cr | ₹44.4 Cr | ₹81.61 Cr |
| Total Liabilities | ₹65.18 Cr | ₹63.48 Cr | ₹54.03 Cr | ₹89.84 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹86.44 Cr | ₹73.75 Cr | ₹68.05 Cr | ₹107.67 Cr | -₹6.69 Lakh |
| Investing Cash Flow | -₹67.48 Cr | -₹57.57 Cr | -₹23.66 Cr | -₹54.21 Cr | -₹32.72 Cr |
| Financing Cash Flow | -₹17.61 Cr | -₹16.17 Cr | -₹44.63 Cr | -₹53.32 Cr | -₹24.96 Cr |
| Capital Expenditure | ₹32.53 Cr | ₹16.85 Cr | ₹18.09 Cr | ₹47.07 Cr | ₹33.32 Cr |
| Free Cash Flow (computed) | ₹53.9 Cr | ₹56.9 Cr | ₹49.96 Cr | ₹60.6 Cr | -₹33.38 Cr |
| Dividends Paid | ₹17.31 Cr | ₹15.48 Cr | ₹20.04 Cr | ₹11.84 Cr | ₹5.46 Cr |
| Net Change in Cash | ₹1.34 Cr | ₹67,000 | -₹24.94 Lakh | ₹13.76 Lakh | -₹57.75 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹112.43 Cr | ₹97.4 Cr | ₹106.65 Cr | ₹106.69 Cr | ₹120.79 Cr | ₹101.81 Cr | ₹75.9 Cr | ₹77.66 Cr | ₹98.4 Cr | ₹90.31 Cr | ₹101.61 Cr | ₹119.49 Cr |
| Other Income | ₹5.08 Cr | ₹3.7 Cr | ₹3.95 Cr | ₹2.72 Cr | ₹1.16 Cr | ₹88.65 Lakh | ₹1.49 Cr | ₹91.35 Lakh | ₹80.4 Lakh | ₹50.57 Lakh | ₹57.33 Lakh | ₹28.79 Lakh |
| Total Income | ₹117.51 Cr | ₹101.1 Cr | ₹110.6 Cr | ₹109.41 Cr | ₹121.95 Cr | ₹102.7 Cr | ₹77.4 Cr | ₹78.57 Cr | ₹99.21 Cr | ₹90.82 Cr | ₹102.18 Cr | ₹119.78 Cr |
| Cost of Materials Consumed | ₹23.01 Cr | ₹19.63 Cr | ₹18.89 Cr | ₹23.4 Cr | ₹24.28 Cr | ₹24.87 Cr | ₹18.25 Cr | ₹15 Cr | ₹18.64 Cr | ₹18.93 Cr | ₹20.7 Cr | ₹28.03 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹69.08 Lakh | -₹2.15 Cr | ₹4.3 Cr | -₹71.42 Lakh | -₹35.48 Lakh | -₹6.4 Cr | -₹6.66 Cr | ₹2.58 Cr | ₹1.7 Cr | ₹1.59 Cr | ₹5.34 Cr | ₹6.65 Cr |
| Employee Benefit Expense | ₹13.96 Cr | ₹13.32 Cr | ₹12.96 Cr | ₹12.87 Cr | ₹13.18 Cr | ₹12.03 Cr | ₹10.41 Cr | ₹10.2 Cr | ₹10.74 Cr | ₹10.25 Cr | ₹10.12 Cr | ₹10.12 Cr |
| Finance Costs | ₹3.1 Lakh | ₹3.5 Lakh | ₹3.99 Lakh | ₹15.47 Lakh | ₹27.62 Lakh | ₹23.8 Lakh | ₹3.22 Lakh | ₹10.36 Lakh | ₹22.45 Lakh | ₹1.33 Lakh | ₹9.11 Lakh | ₹17.54 Lakh |
| Depreciation & Amortisation | ₹3.23 Cr | ₹3.29 Cr | ₹3.18 Cr | ₹3.21 Cr | ₹3.05 Cr | ₹3.16 Cr | ₹3.14 Cr | ₹3.19 Cr | ₹4.3 Cr | ₹4.44 Cr | ₹4.37 Cr | ₹4.82 Cr |
| Other Expenses | ₹45.6 Cr | ₹39.09 Cr | ₹40.29 Cr | ₹43.83 Cr | ₹45.43 Cr | ₹42.98 Cr | ₹34.33 Cr | ₹29.96 Cr | ₹38.49 Cr | ₹32.2 Cr | ₹36.72 Cr | ₹42.4 Cr |
| Total Expenses | ₹86.52 Cr | ₹73.21 Cr | ₹79.65 Cr | ₹82.75 Cr | ₹85.86 Cr | ₹76.88 Cr | ₹59.5 Cr | ₹61.04 Cr | ₹74.1 Cr | ₹67.42 Cr | ₹77.35 Cr | ₹92.18 Cr |
| Profit Before Exceptional Items & Tax | ₹30.99 Cr | ₹27.89 Cr | ₹30.95 Cr | ₹26.66 Cr | ₹36.08 Cr | ₹25.82 Cr | ₹17.89 Cr | ₹17.53 Cr | ₹25.11 Cr | ₹23.4 Cr | ₹24.84 Cr | ₹27.59 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹30.99 Cr | ₹27.89 Cr | ₹30.95 Cr | ₹26.66 Cr | ₹36.08 Cr | ₹25.82 Cr | ₹17.89 Cr | ₹17.53 Cr | ₹25.11 Cr | ₹23.4 Cr | ₹24.84 Cr | ₹27.59 Cr |
| Total Tax Expense | ₹7.81 Cr | ₹7.3 Cr | ₹7.74 Cr | ₹6.78 Cr | ₹9.32 Cr | ₹6.61 Cr | ₹4.6 Cr | ₹4.6 Cr | ₹6.4 Cr | ₹5.97 Cr | ₹6.24 Cr | ₹7.32 Cr |
| Net Profit | ₹23.18 Cr | ₹20.59 Cr | ₹23.21 Cr | ₹19.88 Cr | ₹26.77 Cr | ₹19.21 Cr | ₹13.29 Cr | ₹12.93 Cr | ₹18.71 Cr | ₹17.42 Cr | ₹18.59 Cr | ₹20.28 Cr |
| Other Comprehensive Income | -₹43.96 Lakh | -₹5.07 Lakh | ₹26.14 Lakh | -₹17.96 Lakh | -₹36.57 Lakh | ₹5.05 Lakh | ₹10,000 | -₹14.21 Lakh | -₹2.24 Lakh | -₹4.03 Lakh | ₹10.56 Lakh | -₹59.7 Lakh |
| Total Comprehensive Income | ₹22.74 Cr | ₹20.54 Cr | ₹23.48 Cr | ₹19.7 Cr | ₹26.4 Cr | ₹19.26 Cr | ₹13.29 Cr | ₹12.79 Cr | ₹18.69 Cr | ₹17.38 Cr | ₹18.7 Cr | ₹19.68 Cr |
| EBITDA (computed) | ₹34.25 Cr | ₹31.21 Cr | ₹34.17 Cr | ₹30.02 Cr | ₹39.41 Cr | ₹29.22 Cr | ₹21.07 Cr | ₹20.83 Cr | ₹29.63 Cr | ₹27.84 Cr | ₹29.3 Cr | ₹32.59 Cr |
| Basic EPS | ₹2.29 | ₹2.03 | ₹2.29 | ₹9.82 | ₹13.22 | ₹9.49 | ₹6.57 | ₹6.39 | ₹9.24 | ₹8.61 | ₹9.19 | ₹10.02 |
| Diluted EPS | ₹2.29 | ₹2.03 | ₹2.29 | ₹9.82 | ₹13.22 | ₹9.49 | ₹6.57 | ₹6.39 | ₹9.24 | ₹8.61 | ₹9.19 | ₹10.02 |
Shareholding Pattern of Steelcast Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 45.00%, foreign institutional investors hold 0.25%, domestic institutional investors hold 2.53%, retail and other public shareholders hold 52.22% of Steelcast Limited. The company had 14,580 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% | 45.00% |
| Public | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Promoters | 45.00% | 45.00% | 45.00% | 46.07% | 46.07% |
| Public | 55.00% | 55.00% | 55.00% | 53.93% | 53.93% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | -1.07 | +0.00 | - |
Board & Governance of Steelcast Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Steelcast Limited has 10 directors - 5 independent and 4 executive. The board is chaired by Chetan M Tamboli.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Dipam A Patel | Non-Executive - Independent Director | 2024-10-01 | 1 |
| Rushil C Tamboli | Executive Director | 2017-11-02 | 1 |
| Chetan M Tamboli | Executive Director · CEO-MD · Chairperson | 2016-09-01 | 2 |
| Vidhi S Merchant | Non-Executive - Non Independent Director | 2019-11-05 | 1 |
| Hemantbhai D Dholakia | Non-Executive - Independent Director | 2020-06-29 | 1 |
| Aarushi M Ganatra | Non-Executive - Independent Director | 2022-05-18 | 1 |
| Harsh R Gandhi | Non-Executive - Independent Director | 2023-01-23 | 3 |
| Rajiv D Gandhi | Non-Executive - Independent Director | 2023-01-23 | 2 |
| Ashutosh H Shukla | Executive Director | 2023-01-23 | 1 |
| Subhash R Sharma | Executive Director | 2023-01-23 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Harsh R Gandhi (Chairperson), Aarushi M Ganatra, Dipam A Patel, Subhash R Sharma |
| Nomination and remuneration committee | Rajiv D Gandhi (Chairperson), Harsh R Gandhi, Vidhi S Merchant |
| Stakeholders Relationship Committee | Hemantbhai D Dholakia (Chairperson), Subhash R Sharma, Vidhi S Merchant |
| Risk Management Committee | Harsh R Gandhi (Chairperson), Rushil C Tamboli, Ashutosh H Shukla, Subhash R Sharma, Chetan M Tamboli |
| Corporate Social Responsibility Committee | Aarushi M Ganatra (Chairperson), Vidhi S Merchant, Hemantbhai D Dholakia, Chetan M Tamboli |
| Committee of Independent Directors | Rajiv D Gandhi (Chairperson), Harsh R Gandhi, Hemantbhai D Dholakia, Aarushi M Ganatra, Dipam A Patel |
Charges & Borrowings of Steelcast Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Apr 2018 | Others | ₹29.25 Cr | Open |
| 20 Mar 2014 | Idbi Trusteeship Services Limited | ₹100.9 Cr | Open |
| 13 Oct 2012 | Standard Chartered Bank | ₹51.5 Cr | Open |
| 04 Aug 2012 | Hdfc Bank Limited | ₹20.15 Cr | Open |
| 28 May 2022 | Others | ₹40 Cr | Satisfied |
Total charge records: 39 View all charges
Employees and EPFO Compliance at Steelcast Limited
Steelcast Limited has a workforce of 1,381 employees as of Mar 28, 2024.
Employee Count & EPFO Data of Steelcast Limited
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GST Compliance of Steelcast Limited
GSTIN & GST Filing Data of Steelcast Limited
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Credit Ratings, Litigation & Regulatory Alerts for Steelcast Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Steelcast Limited
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MSME Payment Delays by Steelcast Limited
MSME Payment Delays by Steelcast Limited
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Subsidiaries & Group Companies of Steelcast Limited
Subsidiaries & Group Companies of Steelcast Limited
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MCA Filings & Documents of Steelcast Limited
MCA Filings & Documents of Steelcast Limited
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Recent Activity on Steelcast Limited
Frequently Asked Questions about Steelcast Limited
Steelcast Limited is an active public limited company in the manufacturing sector based in Bhavnagar, Gujarat, India. It was incorporated on 11 February 1972 (54+ years old) and is registered under CIN L27310GJ1972PLC002033. Listed on BSE: 513517. The company has 1,381 employees.
Steelcast Limited reported revenue of ₹380.61 Cr for FY 2025 (down 8.00% YoY).
The current directors of Steelcast Limited are:
- Ashutosh Hasmukhlal Shukla
- Rushil Chetanbhai Tamboli
- Aarushi Ganatra Manoj
- Hemantbhai Devendrabhai Dholakia
- Rajiv Dinesh Gandhi
- Umeshkumar Vasantray Bhatt
- Harsh Rajendra Gandhi
- Vidhi Chetanbhai Tamboli
- Chetankumar Manmohanbhai Tamboli
- Mr Subhash Chand Sharma
- Subhash Chand Sharma
- Dipam Arpit Patel
- Subhash Sharma
The primary industry of Steelcast Limited is manufacturing. The company specifically operates in die casting and metal forming. The company is currently active in this sector.
Yes. Steelcast Limited is listed on BSE with code 513517.
Steelcast Limited can be reached at the registered office: Ruvapari Road, Bhavnagar, Gujarat, India – 364005, or through the website steelcast.net.