Steelcast Limited Approves 8500 Ton Capacity Expansion and Declares First Interim Dividend for FY 2026-27
Steelcast Limited announced key outcomes from its Board of Directors meeting held on July 29, 2026. The board approved the establishment of a Greenfield Foundry and declared a first interim dividend for the financial year 2026-27, following the consideration of the Unaudited (Standalone) Financial Results for the quarter ended June 30, 2026.The company has decided to expand its manufacturing capacity by setting up a new Greenfield Foundry. This addition is aimed at catering to increasing customer demand and will bring the total installed capacity well beyond the existing level.
Strategic Capacity Expansion Details
Steelcast Limited approved an investment of Rs. 1,200,000,000 (Rupees One Hundred Twenty Crores) for the new foundry. This expansion is scheduled to be completed within two years, with completion expected by March 31, 2028.The details regarding the capacity addition and its impact are summarized below:
| Particulars | Details |
|---|---|
| Existing Capacity | 29,000 TONS |
| Proposed Capacity Addition | 8,500 TONS |
| Investment Required | Rs. 1,200,000,000 (Rupees One Hundred Twenty Crores) |
| Mode of Financing | Internal Accruals |
| Completion Timeline | Within 2 Years (By March 31, 2028) |
The rationale behind the expansion is to meet growing customer demand. While the company's current capacity utilization stands at 63% based on projected figures for Financial Year 2026-27, management anticipates reaching a 90% capacity utilization by March 31, 2029.
Q4 FY2026 Financial Performance
The Board of Directors approved the Unaudited (Standalone) Financial Results for the quarter ended June 30, 2026. The financial results indicate strong operational income and profits for the period.Key figures from the quarterly results are as follows:
| Particulars | Quarter Ended 30.06.26 (Unaudited) |
|---|---|
| Net Sales/Income from Operations | 12,481.97 Lakhs |
| Total Income | 12,806.45 Lakhs |
| Profit before Exceptional items and Tax | 3,177.51 Lakhs |
The results were reviewed by the Audit Committee of the company and approved by the Board during its meeting on July 29, 2026. The company's operations are currently confined to the "Casting Business" segment.
Dividend Declaration
In addition to the operational updates, the Board declared the First Interim Dividend for FY 2026-27.The dividend has been set at Rs. 0.45 per equity share of Re. 1/- each (representing 45% of the face value). The payment is scheduled to be made within 30 days of the declaration date, meaning on or before August 28, 2026.
The Record Date for the First Interim Dividend for FY 2026-27 has been fixed as August 7, 2026.
STEELCAS Stock Price Movement
Steelcast Limited shares edged higher in post-market trading today, settling at ₹305.40 after climbing 1.73% on strong buying interest. The stock saw an intraday range spanning between ₹300.30 and the day's high of ₹307.00, with a total traded volume of 32,724 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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