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