Steelcast Limited Board Approves FY26 Financial Results, Reappoints Managing Director
Steelcast Limited announced the outcomes of its Board of Directors meeting held on May 30, 2026. The Board reviewed and approved the Audited Standalone Financial Results for the quarter and year ended March 31, 2026.Key decisions also included the approval for the company's 55th Annual General Meeting (AGM) scheduled for July 29, 2026, in Bhavnagar.
Governance and Directorship Updates
At the Board meeting, the Directors took several critical decisions concerning corporate governance and leadership appointments:1. Managing Director Reappointment: The Board accorded its consent to the re-appointment of Mr. Chetan M Tamboli as Managing Director for a further period of five years. This appointment is effective from September 1, 2026, and is subject to the approval of the members at the 55th AGM and various authorities.
2. Director Tenure Revision: The Board also consented to revise the expiry date of Mr. Hemant D Dholakia, Non-executive Independent Director, from July 31, 2030, to June 28, 2030, pending member approval at the AGM.
3. Dividend Recommendation: The Board recommended a Final Dividend for the Financial Year 2025-26. The dividend rate is set at Rs. 0.54 per equity share (Re. 1/- each), pending approval by the members at the forthcoming 55th AGM.
Financial Performance Review
The Board’s review of the financial results highlighted performance metrics for the year ended March 31, 2026, compared to the previous year.The financial results, presented in Lakhs, show the following year-over-year comparisons for the full year ended March 31, 2026:
| Metric | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Total Income (Net Sales/Income from Operations) | 42,316.63 | 37,338.75 |
| Total Income (Sum of operations and other income) | 43,861.70 | 38,061.37 |
| Total Expenses | 32,213.39 | 28,329.82 |
| Profit before Exceptional Items and Tax | 11,648.32 | 9,732.55 |
| Total Comprehensive Income, net of Tax | 8,645.00 | 7,174.16 |
***
The company's balance sheet details as of March 31, 2026, versus March 31, 2025, are as follows:
| Particulars (in Lakhs) | 31 March 2026 | 31 March 2025 |
|---|---|---|
| Total Assets | 46,102.03 | 38,935.56 |
| Property, Plant and Equipment | 15,809.69 | 14,170.75 |
| Total Current Assets | 26,106.96 | 20,905.07 |
| Total Equity | 39,501.99 | 32,158.74 |
| Total Non-Current Liabilities | 11,379.17 | 1,155.99 |
| Total Current Liabilities | 5,139.29 | 5,119.23 |
***
The Statement of Cash Flows for the year ended March 31, 2026, reflected net cash from operating activities at 8,643.51 Lakhs, up from 7,154.21 Lakhs in the previous year.
The financial figures provide a detailed view of the company’s operations, including:
- Net Profit Before Taxation: 9,732.55 Lakhs (for the year ended March 31, 2025) vs. 11,649.32 Lakhs (for the year ended March 31, 2026).
- Net Cash from Operating Activities: 8,643.51 Lakhs (for the year ended March 31, 2026).
- Dividend Paid: 1,730.52 Lakhs (in the year ending March 31, 2026).
The company's paid-up equity share capital remained constant at 1,012.00 Lakhs throughout the period.
STEELCAS Stock Price Movement
Steelcast Limited shares on Friday slipped 1.36% to settle at ₹283.3, dropping ₹3.90 from the previous close. The stock traded a total volume of 76,578 shares, finishing significantly below its opening price of ₹285.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: