Welcast Steels Ltd

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Start SIP in Welcast Steels Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
30.45% Fall from 52W High
-17.5
TTM PE Ratio
Below industry Median
15.7
Price to Book Ratio
Low in industry
2.1
Dividend yield 1yr %
Below industry Median
0.2
TTM PEG Ratio
PEG TTM is less than 1
0.2
RSI
RSI is mid-range
37.6
MFI
MFI oversold
25.7

Welcast Steels Ltd shareholding Pattern

Promoter
74.8%
Public
25.1%
Promoter
74.8%
Public
25.1%
Promoter
74.8%
Public
25.2%
Promoter
74.8%
Public
25.1%
Promoter
74.8%
Public
25.1%
Promoter
74.8%
Public
25.1%

Welcast Steels Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
1
Bearish Moving Averages
15
5Day EMA
1,303.60
10Day EMA
1,338.40
12Day EMA
1,353.90
20Day EMA
1,405.60
26Day EMA
1,432.30
50Day EMA
1,481.90
100Day EMA
1,464.60
200Day EMA
1,326.30
5Day SMA
1,295.40
10Day SMA
1,327.40
20Day SMA
1,455.00
30Day SMA
1,496.40
50Day SMA
1,518.20
100Day SMA
1,532.80
150Day SMA
1,455.80
200Day SMA
1,292.20
Delivery & Volume
Resistance & Support
1,293.73
Pivot
Resistance
First Resistance
1,335.47
Second Resistance
1,356.53
Third Resistance
1,398.27
Support
First Support
1,272.67
Second support
1,230.93
Third Support
1,209.87
Relative Strength Index
37.62
Money Flow Index
25.67
MACD
-78.33
MACD Signal
-63.88
Average True Range
95.60
Average Directional Index
18.21
Rate of Change (21)
-15.28
Rate of Change (125)
-11.71
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Rapicut Carbides Ltd.
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Welcast Steels Ltd.
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Expo Gas Containers Ltd.
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Acknit Industries Ltd.
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ASL Industries Ltd.
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Auro Impex & Chemicals Ltd.
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Pentagon Rubber Ltd.
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Welcast Steels Ltd Company background

Founded in: 1972
Incorporated in February, 1972, Welcast Steels Ltd (WSL) manufactures and markets a wide range of High Chrome Grinding Media Balls which are used in the process of Crushing/Grinding in the Cement, Mining and Thermal Power Plants. At present, the Companys manufacturing capacity is 42,000 p.a. of High Chrome Grinding Media Balls.The Company employs alloycasting process for manufacture of the products, which require designing of alloys in relation to end application. The casting process is followed by precision heat treatment to develop required end properties. Therefore, Company can generally be classified as a foundry. Since the Companys products are used in the cement, mining and thermal power plants, the market prospects are linked with the requirement of these industries.The Indian Cement Industry has been facing excess capacity in the recent past due to sluggish demand. The Cement Industry, having grown its capacity upto 300 Million Tonnes P.A. got into a phase of consolidation with the new capacity additions having slowed down.Apart from these, the Company services the cement, mining industries and thermal power plants in India. It is also servicing the replacement and new capex requirements of coal fired thermal power plants and thus directly catering to the power sector.During 9697, the company has upgraded its heat treatment technology. It has entered into technical collaboration with Magotteaux International, Belgium, for manufacturing grinding media of international standard for the mining industry to boost its exports.The Company increased the manufacturing capacity, resulting an expansion by 42,000 tons p.a. in 200506.The Cement Industry has practically use the High Chrome consumable wear parts, whereas in the mining industry migration from the use of conventional method using forged grinding balls to the use of High Chrome Grinding Media is still in progress. Estimated annual consumption of Grinding Media for the mining segment is 2.50 million tons with around 20% of the same migrating from the conventional usage of forged castings to High Chrome.
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