Steelcast
Steelcast Limited is an Indian BSE-listed alloy steel foundry, founded 1972 and headquartered in Bhavnagar, that manufactures steel and alloy steel castings for OEM customers across 12 heavy-industrial segments including mining, railway, earth-moving, cement, energy, and shipping.
- Company typePublic
- Founded1972
- HeadquartersBhavnagar, India
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Steelcast does
Steelcast Limited (BSE: STEELCAST) is an Indian manufacturer of steel and alloy steel castings, headquartered in Bhavnagar, Gujarat, and founded in 1972 (originally as Steelcast Bhavnagar Limited, renamed in December 1988). The company operates a single specialized foundry supported by in-house R&D, a metallurgical laboratory, and lean-manufacturing practices, producing a broad portfolio of castings across 12 industrial segments: Earth Moving, Mining & Mineral Processing, Railway, Steel Plants, Cement, Energy (thermal and hydro power), Valves & Pumps, Electro Locomotive, Aerobridge, Oil Exploration, Shipping, and General Engineering. It is publicly listed on the BSE, subject to SEBI (SAST) and (LODR) Regulations, and holds ISO 9001 quality and ISO 27001 certifications.
The company's go-to-market is direct B2B sales to Original Equipment Manufacturers (OEMs) within India, with no documented international distribution footprint or export channel. Pricing is quote-based rather than publicly disclosed, consistent with a contract-manufacturing model where part designs and alloy specifications are customer-specific. Customer engagement spans enterprise OEMs across heavy-industrial end-markets, and the company maintains ongoing investor-relations and capital-markets engagement through stock-exchange filings, an investor conference calendar, and intermittent dividend distributions (most recently an interim dividend of Rs 0.45 per share, ex-date February 6, 2026). Headcount is in the 501–1,000 range.
Steelcast monetizes almost entirely through one-time manufacture-and-sale of castings to OEM customers, with no software, subscription, licensing, service, or aftermarket revenue streams referenced. No M&A, partnerships, joint ventures, capacity-expansion announcements, or new-product launches are disclosed in the available data, and there is no evidence of digital, AI, or software-platform offerings layered on top of the core foundry business. The company recently attracted positive market attention, with its BSE-listed stock surging 13.52% to a new high of Rs 255.05 on March 10, 2026.
Steelcast firmographics
Firmographics- Name
- Steelcast
- Legal name
- Steelcast Limited
- Website
- https://steelcast.net
- Company type
- Public
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Steelcast Limited is an Indian BSE-listed alloy steel foundry, founded 1972 and headquartered in Bhavnagar, that manufactures steel and alloy steel castings for OEM customers across 12 heavy-industrial segments including mining, railway, earth-moving, cement, energy, and shipping.
- Ownership category
- akta.pro rank
Steelcast industry classification
Industry- Product category
- Industrial Steel Castings
- NAICS
- Steel Foundries (except Investment) (331513)
- SIC
- Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)
- akta.pro primary industry
- Steel Casting (Continuous Casting, Ingots, Semi-Finished Slabs/Billets/Blooms) (IMAKABAD)
- akta.pro secondary industry
- Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)
Keywords
Where Steelcast is headquartered
LocationHeadquarters
- HQ city
- Bhavnagar
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Steelcast business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Steel and Alloy Steel Castings: Manufacture and sale of steel and alloy steel castings to OEM customers across multiple industry segments
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Steelcast product offering
Product offeringCore offering
Steelcast manufactures steel and alloy steel castings for sale to Original Equipment Manufacturers (OEMs) across 12 industrial sectors including Earth Moving, Mining & Mineral Processing, Railway, Steel Plants, Cement, Energy (Thermal & Hydro Power), Valves & Pumps, Electro Locomotive, Aerobridge, Oil Exploration, Shipping, and General Engineering. The company operates as a B2B industrial foundry supplier with in-house R&D and quality assurance capabilities.
Product overview
Steelcast Ltd is a leading Indian manufacturer of steel and alloy steel castings serving original equipment manufacturers (OEMs). The company produces a comprehensive portfolio of castings across 12 industry segments: Earth Moving, Mining & Mineral Processing, Railway, Steel Plants, Cement, Energy (Thermal & Hydro Power), Valves & Pumps, Electro Locomotive, Aerobridge, Oil Exploration, Shipping, and General Engineering. The company operates manufacturing facilities with R&D capabilities and lean manufacturing practices, positioning itself as a B2B supplier of industrial steel castings to various heavy industry sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- Steel and Alloy Steel Castings Manufacturer of steel and alloy steel castings serving original equipment manufacturers (OEMs) across various industrial sectors in India.
- Earth Moving Industry Castings Steel castings for earth moving equipment and machinery used in construction and infrastructure development, sold to OEMs in the earth moving industry.
- Mining and Mineral Processing Castings Steel castings designed for mining equipment and mineral processing operations, sold to mining OEM customers.
- Railway Castings Steel castings for railway applications and rail transport infrastructure, supplied to railway equipment OEMs.
- Steel Plants Castings Steel castings for steel manufacturing plants and steel production facilities, sold to steel plant OEMs.
- Cement Industry Castings Steel castings for cement manufacturing equipment and cement plants, supplied to cement industry OEMs.
- Energy Sector Castings Steel castings for thermal and hydro power generation equipment, supplied to energy and power OEMs.
- Valves and Pumps Castings Steel castings for industrial valves and pump systems, supplied to valves and pumps OEMs.
- Electro Locomotive Castings Steel castings for electric locomotive manufacturing, supplied to electro-locomotive OEMs.
- Aerobridge Castings Steel castings for aerobridge (passenger boarding bridges) used in airports, supplied to aerobridge OEMs.
- Oil Field Castings Steel castings for oil exploration and field equipment, supplied to oil exploration OEMs.
- Shipping Industry Castings Steel castings for maritime and shipping applications, supplied to shipping industry OEMs.
- General Engineering Castings Steel castings for general engineering and miscellaneous industrial applications, supplied to general engineering OEMs.
Companies that use Steelcast
Customer profileNamed customers12 records
Segments1 record
Ideal customer profiles1 record
Steelcast technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Steelcast partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights2 records
Steelcast competitors and assessment
Company assessmentDirect peers
- Nelcast Ltd: Indian ferrous castings manufacturer supplying OEMs across commercial vehicles, construction and earth-moving equipment, similar B2B casting model.
- Investment & Precision Castings Ltd: Bhavnagar-based listed Indian foundry producing investment and precision steel castings for industrial OEMs—same geography, category and customer base as Steelcast.
- AIA Engineering Ltd: Listed Indian foundry making high-chromium and alloy castings (grinding media, mill liners) for mining and cement—overlapping end markets and casting technology.
- Uni Abex Alloy Products Ltd: Indian producer of alloy and stainless steel castings for industrial applications, closely comparable to Steelcast's alloy steel castings business.
- Simplex Castings Ltd: Indian manufacturer of steel and iron castings for railways, steel plants, power and cement equipment, directly overlapping Steelcast's OEM segments.
Emerging players
- Titagarh Rail Systems Ltd: Indian rolling stock and rail components maker that consumes/produces castings for railways, intersecting Steelcast's rail-focused offerings.
- Texmaco Rail & Engineering Ltd: Indian rail engineering firm producing railway castings and components, overlapping with Steelcast's railway and locomotive casting segments.
Regional players
- Bradken: Australia-based global manufacturer of wear and cast steel products for mining and rail, comparable in product and end markets but serving different geographies.
Broad incumbents
- Bharat Forge Ltd: Large Indian metal forming company serving heavy industrial, mining and transportation OEMs; adjacent forging/metallurgy player with overlapping customers.
- Electrosteel Castings Ltd: Large Indian ductile iron castings and pipe producer serving infrastructure and industrial customers; broader but overlapping ferrous castings space.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Steelcast compliance and trust
Trust signalCompliance2 records
Steelcast financial estimates
Financial estimateRevenue estimate
Valuation estimate
Steelcast leadership team
Management profileNumber of profiles
Steelcast funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Steelcast M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Steelcast
What does Steelcast do?
Steelcast manufactures steel and alloy steel castings for sale to Original Equipment Manufacturers (OEMs) across 12 industrial sectors including Earth Moving, Mining & Mineral Processing, Railway, Steel Plants, Cement, Energy (Thermal & Hydro Power), Valves & Pumps, Electro Locomotive, Aerobridge, Oil Exploration, Shipping, and General Engineering. The company operates as a B2B industrial foundry supplier with in-house R&D and quality assurance capabilities.
Is Steelcast a public or private company?
Steelcast is a public company. It is classified as public and is currently operating.
When was Steelcast founded?
Steelcast was founded in 1972. It employs 501 to 1,000 people.
Where is Steelcast based?
Steelcast is headquartered in Bhavnagar, India, in the Asia region.
How does Steelcast make money?
One revenue line is on record: steel and Alloy Steel Castings.
Who are Steelcast's main competitors?
Direct peers on record are Nelcast Ltd, Investment & Precision Castings Ltd, AIA Engineering Ltd, Uni Abex Alloy Products Ltd and Simplex Castings Ltd. Emerging players are Titagarh Rail Systems Ltd and Texmaco Rail & Engineering Ltd. Bradken is listed as a regional player. Broad incumbents are Bharat Forge Ltd and Electrosteel Castings Ltd.
Does Steelcast have an API?
No public API is recorded for Steelcast.
What industry is Steelcast in?
Steelcast's product category is Industrial Steel Castings. Its primary akta.pro industry code is IMAKABAD, Steel Casting (Continuous Casting, Ingots, Semi-Finished Slabs/Billets/Blooms), with a secondary code of IMAKABAJ, Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA). Its NAICS code is 331513 and its SIC code is 3310.