About Welcast Steels Limited
Data last updated: 15 July 2026
Welcast Steels Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Aia Engineering Limited. It specialises in industrial machinery manufacturing, a part of the broader machinery and industrial equipment sector. Incorporated on 28 February 1972, the company has been in operation for over 54 years.
Registered with ROC Ahmedabad under CIN L27104GJ1972PLC085827. Listed on BSE: 504988.
Capital: an authorised share capital of ₹2 Cr and a paid-up capital of ₹63.82 Lakh. It is led by directors including Bhadresh Kantilal Shah and Pradip Rasiklal Shah.
Last AGM: 10 September 2025. Financial statements filed for year ended 31 March 2025. Office: 115 – 116 G.V.M.M. Estate Odhav Road Odhav, Ahmedabad, Gujarat, India – 382415.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹48.97 Cr, a decline of 42.05% compared to the previous year. The net worth stands at ₹34.42 Cr (down 13.35% YoY). Total assets are valued at ₹35.6 Cr (down 25.33% YoY).
The company has a workforce of approximately 136 employees as per the latest available data. It operates as a subsidiary of Aia Engineering Limited.
The company is associated with 1 brand - Welcast Steel. As per MCA filings, the company has open charges of ₹45 Lakh and satisfied charges of ₹14.12 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 welcaststeels.com.
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Registered Address115 – 116 G.V.M.M. Estate Odhav Road Odhav, Ahmedabad, Gujarat, India – 382415
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IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Welcast Steels Limited
Welcast Steels Limited has one previous CIN (Corporate Identification Number): L27104KA1972PLC002163. The current CIN is L27104GJ1972PLC085827, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27104GJ1972PLC085827 | Current |
| L27104KA1972PLC002163 | Previous |
Associated Brands with Welcast Steels Limited
Welcast Steels Limited operates one associated brand: Welcast Steel. These brands represent Welcast Steels Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturing hykrom grinding media balls for the cement and mining Industry | welcaststeels.com |
Business Activity of Welcast Steels Limited
Welcast Steels 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 | Locked |
Business activity turnover details for Welcast Steels Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Welcast Steels Limited
Welcast Steels Limited is audited by Dagliya & Co. (ICAI peer reviewed, certificate valid till 2027-03-31) for the financial year 2026, as reported in its BSE 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 |
|---|---|---|
| Dagliya & Co. (ICAI peer reviewed, certificate valid till 2027-03-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Welcast Steels Limited
Welcast Steels Limited is currently managed by 6 directors, with 11 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 |
|---|---|---|---|---|
|
Bhadresh Kantilal Shah
Also directs:
Zydus Lifesciences Limited, Aia Engineering Limited, Zydus Healthcare Limited and 2 more
|
Director | 30 Aug 2001 | 24 Years 10 Months | Current |
| Pradip Rasiklal Shah | Director | 03 May 1995 | 31 Years 2 Months | Current |
| Sanjay Shaileshbhai Majmudar | Director | 23 May 2007 | 19 Years 2 Months | Current |
|
Khushali Samip Solanki
Also directs:
Aia Engineering Limited
|
Director | 15 Apr 2015 | 11 Years 3 Months | Current |
|
Rajan Ramkrishna Harivallabhdas
Also directs:
Bharat Beams Private Limited, Ebony Construction Pvt Ltd, Engineering And Agencies Pvt Ltd and 1 more
|
Director | 02 Sep 2024 | 1 Years 10 Months | Current |
| Piyush Balvantlal Shah | Director | 02 Sep 2024 | 1 Years 10 Months | Current |
Financials of Welcast Steels Limited FY 2026 filings available
Welcast Steels Limited reported revenue of ₹48.97 Cr (down 42.05% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹48.97 Cr | ₹84.5 Cr | ₹91.07 Cr | ₹93.92 Cr | ₹85.97 Cr | ₹97.95 Cr | ₹150.02 Cr | ₹269.62 Cr |
| Other Income | ₹1.99 Cr | ₹1.69 Cr | ₹3.62 Cr | ₹75.61 Lakh | ₹72.19 Lakh | ₹45.9 Lakh | ₹81.31 Lakh | ₹50.42 Lakh |
| Total Income | ₹50.96 Cr | ₹86.19 Cr | ₹94.7 Cr | ₹94.67 Cr | ₹86.69 Cr | ₹98.41 Cr | ₹150.83 Cr | ₹270.12 Cr |
| Cost of Materials Consumed | ₹25.8 Cr | ₹51.09 Cr | ₹53.86 Cr | ₹54.14 Cr | ₹59.47 Cr | ₹52.31 Cr | ₹92.94 Cr | ₹178.67 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹3.34 Cr | ₹1.24 Cr | -₹40.15 Lakh | ₹2.06 Cr | -₹2.11 Cr | ₹5.34 Cr | -₹3.23 Cr | -₹34.65 Lakh |
| Employee Benefit Expense | ₹7.07 Cr | ₹9.03 Cr | ₹7.52 Cr | ₹6.93 Cr | ₹6.95 Cr | ₹8.76 Cr | ₹9.89 Cr | ₹9.74 Cr |
| Finance Costs | ₹7.18 Lakh | ₹7 Lakh | ₹10.52 Lakh | ₹1.63 Cr | ₹17.58 Lakh | ₹28.32 Lakh | ₹34.43 Lakh | ₹35.66 Lakh |
| Depreciation & Amortisation | ₹62.02 Lakh | ₹78.95 Lakh | ₹74.6 Lakh | ₹90.17 Lakh | ₹1.08 Cr | ₹1.43 Cr | ₹1.34 Cr | ₹84.12 Lakh |
| Other Expenses | ₹15.65 Cr | ₹24.32 Cr | ₹25.85 Cr | ₹26.61 Cr | ₹21.66 Cr | ₹31.69 Cr | ₹49.61 Cr | ₹78.08 Cr |
| Total Expenses | ₹52.55 Cr | ₹86.54 Cr | ₹87.69 Cr | ₹92.28 Cr | ₹87.23 Cr | ₹99.82 Cr | ₹150.88 Cr | ₹267.34 Cr |
| Profit Before Exceptional Items & Tax | -₹1.59 Cr | -₹35.35 Lakh | ₹7.01 Cr | ₹2.4 Cr | -₹53.77 Lakh | -₹1.4 Cr | -₹5.06 Lakh | ₹2.78 Cr |
| Exceptional Items | -₹3.28 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹4.87 Cr | -₹35.35 Lakh | ₹7.01 Cr | ₹2.4 Cr | -₹53.77 Lakh | -₹1.4 Cr | -₹5.06 Lakh | ₹2.78 Cr |
| Total Tax Expense | ₹42.73 Lakh | -₹1.61 Lakh | ₹1.76 Cr | -₹24.44 Lakh | -₹4.63 Lakh | ₹41.83 Lakh | ₹21.23 Lakh | ₹94.24 Lakh |
| Net Profit | -₹5.3 Cr | -₹33.74 Lakh | ₹5.25 Cr | ₹2.64 Cr | -₹49.14 Lakh | -₹1.82 Cr | -₹26.29 Lakh | ₹1.84 Cr |
| Other Comprehensive Income | -₹28,000 | -₹9.16 Lakh | -₹8.7 Lakh | ₹14.85 Lakh | ₹25.34 Lakh | ₹16.12 Lakh | -₹13.93 Lakh | ₹3.61 Lakh |
| Total Comprehensive Income | -₹5.31 Cr | -₹42.9 Lakh | ₹5.16 Cr | ₹2.79 Cr | -₹23.8 Lakh | -₹1.66 Cr | -₹40.22 Lakh | ₹1.88 Cr |
| EBITDA (computed) | -₹90.1 Lakh | ₹50.6 Lakh | ₹7.86 Cr | ₹4.92 Cr | ₹72.07 Lakh | ₹31.1 Lakh | ₹1.63 Cr | ₹3.98 Cr |
| Basic EPS | ₹-83.09 | ₹-5.29 | ₹82.24 | ₹41.37 | ₹-7.70 | ₹-28.52 | ₹-4.12 | ₹28.82 |
| Diluted EPS | ₹-83.09 | ₹-5.29 | ₹82.24 | ₹41.37 | ₹-7.70 | ₹-28.52 | ₹-4.12 | ₹28.82 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹35.6 Cr | ₹47.68 Cr | ₹49.81 Cr | ₹46.21 Cr | ₹42.91 Cr | ₹41.51 Cr | ₹50.38 Cr | ₹55.09 Cr |
| Non-current Assets | ₹3.45 Cr | ₹7.37 Cr | ₹7.17 Cr | ₹7.75 Cr | ₹10.44 Cr | ₹13.96 Cr | ₹15.62 Cr | ₹13.84 Cr |
| Current Assets | ₹32.15 Cr | ₹40.3 Cr | ₹42.65 Cr | ₹38.45 Cr | ₹32.47 Cr | ₹27.55 Cr | ₹34.76 Cr | ₹41.25 Cr |
| Property, Plant & Equipment | ₹3.27 Cr | ₹3.88 Cr | ₹4.17 Cr | ₹4.58 Cr | ₹7.33 Cr | ₹6.53 Cr | ₹7.87 Cr | ₹6.65 Cr |
| Inventories | ₹4.08 Cr | ₹10.48 Cr | ₹12.18 Cr | ₹13.14 Cr | ₹16.78 Cr | ₹10.05 Cr | ₹20.41 Cr | ₹21.96 Cr |
| Trade Receivables | ₹0 | ₹8.25 Cr | ₹7.16 Cr | ₹5.37 Cr | ₹10.99 Cr | ₹13.99 Cr | ₹9.37 Cr | ₹12.59 Cr |
| Cash & Equivalents | ₹77.01 Lakh | ₹2.45 Cr | ₹3.57 Cr | ₹1.03 Cr | ₹2.9 Cr | ₹32.1 Lakh | ₹54.9 Lakh | ₹34.67 Lakh |
| Equity (Net Worth) | ₹34.42 Cr | ₹39.72 Cr | ₹40.31 Cr | ₹35.31 Cr | ₹32.52 Cr | ₹32.76 Cr | ₹34.42 Cr | ₹35.01 Cr |
| Equity Share Capital | ₹63.84 Lakh | ₹63.84 Lakh | ₹63.84 Lakh | ₹63.84 Lakh | ₹63.84 Lakh | ₹63.84 Lakh | ₹63.84 Lakh | ₹63.84 Lakh |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.27 Cr | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.57 Cr | ₹3.47 Cr | ₹4 Cr | ₹1.2 Cr |
| Total Debt (computed) | ₹0 | ₹0 | ₹0 | ₹0 | ₹2.84 Cr | ₹3.47 Cr | ₹4 Cr | ₹1.2 Cr |
| Current Liabilities | ₹1.18 Cr | ₹7.45 Cr | ₹9.06 Cr | ₹10.41 Cr | ₹8.65 Cr | ₹8.23 Cr | ₹14.02 Cr | ₹18.23 Cr |
| Total Liabilities | ₹1.18 Cr | ₹7.95 Cr | ₹9.5 Cr | ₹10.89 Cr | ₹10.39 Cr | ₹8.75 Cr | ₹15.96 Cr | ₹20.08 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹2.84 Cr | -₹3.74 Cr | ₹3.91 Cr | ₹17.25 Cr | ₹2.78 Cr |
| Investing Cash Flow | -₹4.52 Cr | ₹2.83 Cr | -₹1.11 Cr | -₹14.65 Cr | -₹1.31 Cr |
| Financing Cash Flow | -₹33,000 | -₹21.07 Lakh | -₹26.26 Lakh | -₹4.47 Cr | -₹80.88 Lakh |
| Capital Expenditure | ₹1.58 Lakh | ₹50.61 Lakh | ₹33.62 Lakh | ₹11.86 Lakh | ₹1.88 Cr |
| Free Cash Flow (computed) | ₹2.82 Cr | -₹4.25 Cr | ₹3.58 Cr | ₹17.13 Cr | ₹89.98 Lakh |
| Dividends Paid | ₹33,000 | ₹16.23 Lakh | ₹15.74 Lakh | ₹0 | ₹0 |
| Net Change in Cash | -₹1.68 Cr | -₹1.13 Cr | ₹2.54 Cr | -₹1.86 Cr | ₹66.66 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2.92 Cr | ₹2.62 Cr | ₹20.65 Cr | ₹22.79 Cr | ₹20.81 Cr | ₹23.08 Cr | ₹16.23 Cr | ₹24.39 Cr |
| Other Income | ₹81.83 Lakh | ₹39.16 Lakh | ₹36.13 Lakh | ₹41.57 Lakh | ₹48.42 Lakh | ₹40.28 Lakh | ₹28.94 Lakh | ₹51.13 Lakh |
| Total Income | ₹3.74 Cr | ₹3.01 Cr | ₹21.01 Cr | ₹23.2 Cr | ₹21.29 Cr | ₹23.48 Cr | ₹16.52 Cr | ₹24.9 Cr |
| Cost of Materials Consumed | ₹0 | ₹1,000 | ₹12.22 Cr | ₹13.58 Cr | ₹11.46 Cr | ₹11.83 Cr | ₹12.86 Cr | ₹14.94 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹93.08 Lakh | ₹1.97 Cr | ₹23.7 Lakh | ₹20.24 Lakh | ₹1.43 Cr | ₹3.29 Cr | -₹4.04 Cr | ₹56.67 Lakh |
| Employee Benefit Expense | ₹6.59 Lakh | ₹2.45 Cr | ₹2.39 Cr | ₹2.17 Cr | ₹1.98 Cr | ₹2.15 Cr | ₹2 Cr | ₹2.9 Cr |
| Finance Costs | ₹44,000 | ₹5.85 Lakh | ₹45,000 | ₹44,000 | ₹5.51 Lakh | ₹60,000 | ₹45,000 | ₹44,000 |
| Depreciation & Amortisation | ₹13.72 Lakh | ₹14.05 Lakh | ₹18.38 Lakh | ₹15.87 Lakh | ₹23.88 Lakh | ₹19.55 Lakh | ₹18.86 Lakh | ₹16.66 Lakh |
| Other Expenses | ₹52.78 Lakh | ₹1.26 Cr | ₹6.38 Cr | ₹7.48 Cr | ₹5.92 Cr | ₹5.73 Cr | ₹5.58 Cr | ₹7.09 Cr |
| Total Expenses | ₹1.67 Cr | ₹5.88 Cr | ₹21.41 Cr | ₹23.6 Cr | ₹21.07 Cr | ₹23.2 Cr | ₹16.6 Cr | ₹25.67 Cr |
| Profit Before Exceptional Items & Tax | ₹2.07 Cr | -₹2.87 Cr | -₹40.24 Lakh | -₹39.31 Lakh | ₹21.94 Lakh | ₹28.09 Lakh | -₹7.74 Lakh | -₹77.64 Lakh |
| Exceptional Items | ₹0 | -₹28.95 Lakh | -₹2.99 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2.07 Cr | -₹3.16 Cr | -₹3.39 Cr | -₹39.31 Lakh | ₹21.94 Lakh | ₹28.09 Lakh | -₹7.74 Lakh | -₹77.64 Lakh |
| Total Tax Expense | ₹68.94 Lakh | ₹0 | -₹16.32 Lakh | -₹9.89 Lakh | ₹3.08 Lakh | ₹16.8 Lakh | -₹1.95 Lakh | -₹19.54 Lakh |
| Net Profit | ₹1.38 Cr | -₹3.16 Cr | -₹3.23 Cr | -₹29.42 Lakh | ₹18.86 Lakh | ₹11.29 Lakh | -₹5.79 Lakh | -₹58.1 Lakh |
| Other Comprehensive Income | -₹28,000 | ₹6.12 Lakh | -₹3.83 Lakh | -₹2.29 Lakh | -₹2.64 Lakh | -₹2.16 Lakh | -₹2.18 Lakh | -₹2.18 Lakh |
| Total Comprehensive Income | ₹1.38 Cr | -₹3.1 Cr | -₹3.27 Cr | -₹31.71 Lakh | ₹16.22 Lakh | ₹9.13 Lakh | -₹7.97 Lakh | -₹60.28 Lakh |
| EBITDA (computed) | ₹2.21 Cr | -₹2.67 Cr | -₹21.41 Lakh | -₹23 Lakh | ₹51.33 Lakh | ₹48.24 Lakh | ₹11.57 Lakh | -₹60.54 Lakh |
| Basic EPS | ₹21.64 | ₹-49.47 | ₹-50.64 | ₹-4.61 | ₹2.96 | ₹1.77 | ₹-0.91 | ₹-9.10 |
| Diluted EPS | ₹21.64 | ₹-49.47 | ₹-50.64 | ₹-4.61 | ₹2.96 | ₹1.77 | ₹-0.91 | ₹-9.10 |
Shareholding Pattern of Welcast Steels Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 74.85%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 25.15% of Welcast Steels Limited. The company had 1,958 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 74.85% | 74.85% | 74.85% | 74.85% | 74.85% | 74.85% |
| Public | 25.15% | 25.15% | 25.15% | 25.15% | 25.15% | 25.15% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 74.85% | 74.85% | 74.85% |
| Public | 25.15% | 25.15% | 25.15% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Welcast Steels Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Nov 1972 | First National City Bank | ₹45 Lakh | Open |
| 12 Nov 2021 | Canara Bank | ₹1.27 Cr | Satisfied |
| 20 Apr 2005 | State Bank of India | ₹3.85 Cr | Satisfied |
| 07 Aug 2001 | Canara Bank | ₹9 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Welcast Steels Limited
Welcast Steels Limited has a workforce of 136 employees as of Mar 28, 2024.
Employee and EPFO history for Welcast Steels Limited
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GST Compliance of Welcast Steels Limited
GST registrations and filing compliance for Welcast Steels Limited
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Credit Ratings, Litigation & Regulatory Alerts for Welcast Steels Limited
Credit ratings, litigation, and regulatory alerts for Welcast Steels Limited
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MSME Payment Delays by Welcast Steels Limited
MSME payment history for Welcast Steels Limited
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Subsidiaries & Group Companies of Welcast Steels Limited
Corporate group structure for Welcast Steels Limited
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MCA Filings & Documents of Welcast Steels Limited
MCA filings and documents for Welcast Steels Limited
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Recent Activity on Welcast Steels Limited
Frequently Asked Questions about Welcast Steels Limited
Welcast Steels Limited is an active public limited company in the machinery and equipment sector based in Ahmedabad, Gujarat, India. It was incorporated on 28 February 1972 (54+ years old) and is registered under CIN L27104GJ1972PLC085827. Listed on BSE: 504988. The company has 136 employees.
Welcast Steels Limited reported revenue of ₹48.97 Cr for FY 2026 (down 42.05% YoY) based on standalone BSE filings.
The current directors of Welcast Steels Limited are:
- Bhadresh Kantilal Shah - Director
- Pradip Rasiklal Shah - Director
- Sanjay Shaileshbhai Majmudar - Director
- Khushali Samip Solanki - Director
- Rajan Ramkrishna Harivallabhdas - Director
- Piyush Balvantlal Shah - Director
The primary industry of Welcast Steels Limited is machinery and equipment. The company specifically operates in industrial machinery manufacturing. The company is currently active in this sector.
Yes. Welcast Steels Limited is listed on BSE with code 504988.
Welcast Steels Limited can be reached at the registered office: 115 – 116 G.V.M.M. Estate Odhav Road Odhav, Ahmedabad, Gujarat, India – 382415, or through the website welcaststeels.com.