Steelcast Ltd. is a stock that has given good returns to its shareholders over the past three years. The stock gave multibagger returns to shareholders. During this period, the company’s stock price soared. The share price rose from Rs 95.15 on October 30, 2020 to Rs 637 on October 26, 2023. The increase in the stock is more than 500 percent. If one year ago I had invested Rs 1 lakh in the shares of this company, today the value of the investment is Rs 6 lakh.
In the first quarter of FY2024, the company’s net profit increased by 43.43 percent to Rs 20.28 crore. The company’s total sales for the first quarter of FY2024 increased by 3.35 percent to Rs 119.49 crore as compared to Rs 14.14 crore in the same quarter last year. Total sales were Rs 115.62 crore in the same quarter last year.
In the first quarter of FY2024, the company’s net profit increased by 43.43 percent to Rs 20.28 crore. The company’s total sales for the first quarter of FY2024 increased by 3.35 percent to Rs 119.49 crore as compared to Rs 14.14 crore in the same quarter last year. Total sales were Rs 115.62 crore in the same quarter last year.
Steelcast was founded by the Tamboli family of Bhavnagar, Gujarat. The company manufactures castings of various components and has a casting capacity of 30,000 MT per annum as on March 31, 2023. Today, the share price is Rs 651.25. The highest price is Rs 669.55. 630 and the lowest price is Rs. The 52-week high is Rs.781 and the 52-week low is Rs.416.
(Disclaimer: Investing in stocks is subject to risk of loss. This article is not a recommendation to invest in any particular stock. )
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