Steelcast Ltd. · NSE:STEELCAS
Steelcast — Q2 FY2026 Earnings Presentation
32 slides from Steelcast's earnings presentation, Oct 31, 2025
Slide 1: Covering letter to stock exchanges
AC/2079 31.10.2025 The Secretary, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block, Dalal Street, Bandra-Kurla Complex, MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 513517 Scrip Symbol: STEELCAS Dear Sir/Ma
Slide 2: Steelcast Investor Presentation Q2FY26 & H1FY26
STEELCAST INVESTOR PRESENTATION Q2FY26 & H1FY26
Slide 3: Table of Contents
TABLE OF CONTENTS Company Overview Financial Performance Outlook & Rationalization Measures Strong Business Model Page 2
Slide 4: Company Overview
01. Company Overview Page 3
Slide 5: Steelcast – In a Nutshell
Steelcast – In a Nutshell 65 Years 9 80% Manufacturing Sectors Renewable Power Plants Experience Catered Currently Captive Power Supply 29,000 TPA 75% Castings shipped as Two Star Export House fully machined Capacity Competes with Global shipped as fully machined players 5 Kgs-2,500 Kgs Sand & Shell
Slide 6: Steelcast – Over 6 Decades of Legacy
Steelcast – Over 6 Decades of Legacy Company enjoys a Premier Position in the steel Casting Industry in India Sectors catered Earth Moving One of the few companies in India and Globally manufacturing structural steel castings based on sand and shell casting process Mining Wide range of products of S
Slide 7: Financial Performance
02. Financial Performance (Q2FY26 & H1FY26) Page 6
Slide 8: Q2FY26 & H1FY26 Performance Highlights
Q2FY26 & H1FY26 Performance Highlights Highlights Revenue EBITDA* PAT (Rs. Cr) (Rs. Cr) (Rs. Cr) The company reported better performance in Q2FY26 v/s Q2FY25 due to surge in demand in export market. Q2FY26 106.7 34.2 23.2 Overall profitability improved in Q2FY26 + 42% + 62% + 75% compared to Q2FY25
Slide 9: Q2FY26 & H1FY26 Result Highlights
Q2FY26 & H1FY26 Result Highlights QoQ Highlights Revenue from Operations (₹ Cr) EBIDTA* (₹ Cr) & EBITDA Margin * (%) PAT (₹ Cr) & PAT Margin (%) 106.7 106.7 40.0 34.2 32.0% 24.0 23.2 22.5% 35.0 30.0 31.0% 23.0 20.5% 30.0 30.0% 22.0 18.5% 25.0 0% 20.0 13.8% 29.0% 21.0 19.9 21.8% 16.5% 16.8% 15.0 28.0
Slide 10: Quarterly Profit & Loss Statement
Quarterly Profit & Loss Statement Particulars (Rs. Cr ) Q2FY26 Q2FY25 Y-o-Y Q1FY26 Q-o-Q H1FY26 H1FY25 Y-o-Y Revenue from Operations 106.7 75.4 41.5% 106.7 0.0% 213.3 152.8 39.6% Cost of Materials consumed 18.9 18.3 3.5% 23.4 -19.3% 42.3 33.3 27.2% Changes in Inventories of finished goods & WIP 4.3
Slide 11: Balance Sheet
Balance Sheet Assets (Rs.Cr) FY25 H1FY26 Liabilities (Rs.Cr) FY25 H1FY26 Non – Current Assets Equity Property, plant and equipment 141.7 150.3 Equity Share Capital 10.1 10.1 Capital work-in-progress 1.7 5.8 Other Equity 315.8 349.8 Intangible Assets 0.2 0.1 Financial Assets Total Equity 325.9 359.9
Slide 12: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Cr ) FY25 H1FY26 Profit before Tax 97.3 57.6 Adjustment for Non-Operating Items 12.1 1.9 Operating Profit before Working Capital Changes 109.4 59.5 Changes in Working Capital -11.4 -3.2 Cash Generated from Operations 98.0 56.3 Less: Direct Taxes paid -24.
Slide 13: Revenue Breakup – Q2FY26 & H1FY26
Revenue Breakup – Q2FY26 & H1FY26 Quarter Wise Revenue Breakup Half Yearly Wise Revenue Breakup 120% 120% Revenue 75.90 106.7 106.7 153.6 213.3 (Rs Cr) 100% 100% 80% 80% 53% 54% 51% 64% 59% 60% 60% 40% 40% 47% 46% 49% 20% 36% 20% 41% 0% 0% Q2FY25 Q1FY26 Q2FY26 H1FY25 H1FY26 Export Domestic Export Do
Slide 14: Sales Volume – Previous Years and Quarters
Sales Volume – For Previous Years and Quarters 18,000 Sales Volumes-PYs (Tonnes) Sales Volumes-Qtrs. (Tonnes) 4,000 16,000 15,738 3,618 3,500 3,411 14,000 13,102 12,564 12,096 3,000 12,000 2,532 2,500 Axis Title 10,000 2,000 8,000 7,468 7,029 1,500 6,000 1,000 4,000 2,000 500 - - FY21 FY22 FY23 FY24
Slide 15: Quarterly Result analysis
Quarterly Result analysis % of Revenue 30% Q2FY26 Q1FY26 Q2FY25 29.0 25% 25.0 24.2 23.7 21.9 21.8 20% 18.6 17.7 17.6 15% 15.0 14.4 13.8 13.0 12.5 12.1 12.1 12.3 10% 11.1 11.5 11.0 9.9 5% 5.3 4.3 4.2 0.0 0.1 0.0 0% Materials Consumed Employee Cost Finance Cost Mfg Expense Power & Fuel Stores & Spares
Slide 16: Financial Highlights
Financial Highlights Revenue from operations EBIDTA & EBITDA Margin (Including Other Income) 21% 21% 24% 29% 29% 30% 477 116 120 410 110 373 302 64 64 213 158 33 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 EBIT & EBIT Marign (Including Other Income) PAT & PAT Margin 12% 15% 20% 2
Slide 17: Balance Sheet Ratios
Balance Sheet Ratios 50.0% RoCE RoE 35.0% 45.0% 43.7% 32.8% 40.0% 30.0% 36.5% 27.8% 35.0% 31.1% 25.0% 23.9% 29.0% 22.2% 30.0% 28.2% 21.2% 20.0% 25.0% 20.0% 15.0% 15.0% 12.9% 10.0% 9.3% 10.0% 5.0% 5.0% 0.0% 0.0% FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 ‹#› Page 16
Slide 18: Prudent Working Capital Cycle
Prudent Working Capital Cycle 146 122 119 106 96 90 95 91 83 64 77 74 59 59 43 42 39 32 34 35 29 31 22 16 FY21 FY22 FY23 FY24 FY25 H1FY26 Inventory (Days) Receivable (Days) Payable (Days) Working Capital Cycle (Days) ‹#› Page 17
Slide 19: Prudent Leverage Management
Prudent Leverage Management 400.0 359.9 0.12 350.0 0.11 325.9 0.10 300.0 269.6 250.0 215.2 0.08 200.0 0.06 150.0 0.04 100.0 50.0 23.6 0.02 0.08 0.1 0.00 - 0.00 0.00 - - FY23 FY24 FY25 H1FY26 * (₹ crore) Total Debt 23.6 * 0.08 * 0.1 - Networth (₹ crore) 215.2 269.6 325.9 359.9 Debt-Equity (x) 0.11 0.
Slide 20: Outlook & Rationalization Measures
03. Outlook & Rationalization Measures Page 19
Slide 21: Outlook for FY26
Outlook for FY26 Renewable Energy Company plans to commission a 2.4 MW Sectorial Outlook hybrid power plant under the group captive Growth Prospect Mining and earthmoving will be key sectors. model by 30th June, 2026. This plant is Expecting early double digit growth in FY26 GET and defence industri
Slide 22: Building Excellence: Key Pillars of Steelcast's Enduring Success
Building Excellence: Key Pillars of Steelcast's Enduring Success Reliable quality supplier with long association with marquee customers Adequate capacity with ramp-up capabilities Seasoned and experienced management team and skilled work force Six decades robust experience of surviving and sustainin
Slide 23: Strategy to Explore Potential Growth Opportunities
Strategy to Explore Potential Growth Opportunities Strengthening business Enhancing component Entry in New Provides ready to relationship with the Adding new sectors basket through new Geographies use/machined parts existing customers product development Short Term Long Term Future • Recovery from s
Slide 24: Strong Business Model of Steelcast
04. Strong Business Model of Steelcast Page 23
Slide 25: Diversified Business Model catering to Varied OEMs in Different Industries
Diversified Business Model catering to Varied OEMs in Different Industries… Existing Segments Earth Moving Industry Mining Electro Locomotive Transportation Cement Construction In FY26, mining and earthmoving will be the leading sectors ‹#› Page 24
Slide 26: Expanding our footprint to new segments
Expanding our footprint to new segments Foray into New Segments Ground Engaging Tools Railways Defence (GETs) ~ 40 new components are under Railroad industry expected to show Foresee demand from defence sector development overall including GETs better growth. for the samples developed to drive the g
Slide 27: Moats
Moats Moats of the company : Cost Barrier High margin due to cost plus model Expertise spanning over decades Debt Free Entry barrier due to high replacement cost and Strong R&D and Technological Capabilities. Customer loyalty Well Experienced Team & Balanced / professional BOD Green Energy Global Fo
Slide 28: Locational Advantage
Locational Advantage Situated in Bhavnagar, Gujarat, which is a power surplus Company’s own 66KV power transmission station with state 10 MW power available 24*7 The major raw material (scrap) is available with high degree of purity and at competitive price from Well connected with major cities of G
Slide 29: Presence across the Globe
Presence across the Globe “Two-Star Export Denmark House Status holder” Canada Germany Poland South Korea Slovakia Israel USA Japan China We have presence in 16 India Headquartered Thailand countries, and we expect Mexico to increase the same in Singapore 18+ countries in the next 1 to 2 years Brazi
Slide 30: Certifications & Recognitions
Certifications & Recognitions An ISO: 9001-2015 An ISO:45001-2018 An ISO:14001-2015 An EN:9100:2018 D An NABL (National Certified by Transportation Company certified by TUV Company certified by TUV Company certified by TUV company certified by TUV Accreditation Board for & Power Generation NORD, Ger
Slide 31: Safe Harbour
Safe Harbour This presentation has been prepared by and is the sole responsibility of Steelcast Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducem
Slide 32: Thank You
THANK YOU Kanav Khanna / Arpit Mundra Mr. Subhash Sharma, ED & CFO Email: kanav.khanna@in.ey.com / Email : ss@steelcast.com arpit.mundra@in.ey.com Phone Number : +91-9910036240 / +91- 9265185627 Page 31