COMPANY PROFILE

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd.
 

The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine.
 

The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in th grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications.The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuumspectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.


it's low equity stock . stock is trading at 9.5 p.e   last one month it has fallen from 725.00 now cmp is at 452.00 buy for long term investment accumulate on every decline .

P & L Account

	Mar 14	Mar 13	Mar 12	Mar 11	Mar 10
Sales Turnover	258.76	265.26	230.30	217.51	147.05
Other Income	0.43	0.50	0.27	0.24	0.65
Stock Adjustments	0.43	-3.10	0.23	1.31	-1.88
Total Income	259.62	262.66	230.80	219.06	145.82
Raw Materials	155.58	158.98	145.57	136.63	83.28
Excise Duty	20.86	23.70	13.00	16.95	10.10
Power & Fuel Cost	31.24	30.91	27.96	24.92	19.61
Other Manufacturing Expenses	30.24	27.76	24.28	21.66	16.14
Employee Cost	9.22	8.78	7.53	6.89	5.96
Selling and Administration Expenses	5.46	5.35	5.29	4.58	3.76
Miscellaneous Expenses	0.51	0.19	0.25	0.14	0.30
Less: Preoperative Expenditure Capitalised	0.00	0.00	0.00	0.00	0.00
Profit before Interest, Depreciation & Tax	6.50	6.98	6.92	7.29	6.67
Interest & Financial Charges	0.65	0.90	0.72	0.72	0.69
Profit before Depreciation & Tax	5.85	6.08	6.20	6.57	5.98
Depreciation	1.47	1.80	2.33	2.90	3.63
Profit Before Tax	4.39	4.28	3.87	3.67	2.35
Tax	1.41	1.45	1.24	1.01	1.08
Profit After Tax	2.98	2.83	2.63	2.66	1.27
Adjustment below Net Profit	0.00	0.00	0.00	0.00	0.00
P & L Balance brought forward	23.88	21.93	19.90	17.63	16.76
Appropriations	0.87	0.87	0.60	0.40	0.40
P & L Bal. carried down	25.99	23.88	21.93	19.89	17.63
Equity Dividend	0.32	0.32	0.26	0.13	0.13
Preference Dividend	0.00	0.00	0.00	0.00	0.00
Corporate Dividend Tax	0.05	0.05	0.04	0.02	0.02
Equity Dividend (%)	50.00	50.00	40.00	20.00	20.00
Earning Per Share (Rs.)	45.83	43.50	40.47	41.25	19.53
Book Value	484.77	443.94	404.38	368.13	328.75
Extraordinary Items	-0.02	-0.01	-0.01	0.00	0.00

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd. The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine. The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in the grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications. The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuum spectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.

Read more at: http://www.moneycontrol.com/news/recommendations/buy-welcast-steels-targetrs-520-firstcall-research_1123063.html?utm_source=ref_article

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd. The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine. The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in the grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications. The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuum spectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.

Read more at: http://www.moneycontrol.com/news/recommendations/buy-welcast-steels-targetrs-520-firstcall-research_1123063.html?utm_source=ref_article

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd. The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine. The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in the grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications. The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuum spectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.”

Read more at: http://www.moneycontrol.com/news/recommendations/buy-welcast-steels-targetrs-520-firstcall-research_1123063.html?utm_source=ref_article

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd. The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine. The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in the grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications. The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuum spectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.”

Read more at: http://www.moneycontrol.com/news/recommendations/buy-welcast-steels-targetrs-520-firstcall-research_1123063.html?utm_source=ref_article