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HDFC Securities Retail Research
Steelcast Ltd. is a leading manufacturer of steel and alloy steel castings in India and enjoys a premier position in steel casting industry. It is one of the few companies in India and globally manufacturing steel castings based on sand and shell casting process.
Steelcast has wide range of casting products like carbon steel, low alloy steels, austenitic manganese steel and high chromium ferro alloys. It caters to highly reputed multinationals clients both in India and abroad including Fortune 500 companies across various industrial sectors like earth moving, mining and mineral processing, locomotives, cement, transportation, steel, defence, ground engaging tools, railroad, construction etc. and also caters to a host of original equipment manufacturers.
Steelcast has plans to increase its global presence in 15 plus countries in the next five years from the current 11.
In FY22, the company generated ~56% revenues from exports. With 240 parts in its product portfolio, the company has one of the largest product offering in India's specialized castings sector.
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