Foseco

What Foseco does

Foseco India Limited (BSE: 500150, NSE: FOSECOIND) is a publicly listed, Pune-headquartered manufacturer and supplier of foundry consumables and metallurgical solutions, operating since 1958 as the Indian subsidiary of UK-based Foseco Overseas Limited (part of the Vesuvius Group). Its product portfolio spans insulating and exothermic feeding systems, molten metal filters for iron, steel and aluminium, direct pour technology, advanced coatings for cylinder liners and mould surfaces, non-ferrous degassing systems, ladle and furnace lining systems, energy-saving crucibles, and solidification simulation software, organized across three solution pillars: Foundry, Iron & Steel, and Industrial Processes.

The company's underlying technology combines proprietary consumable formulations with computer-based casting simulation and an in-mould quality monitoring concept (XMAT), enabling customers to reduce casting defects (pinholes, shrinkage cavity, inclusions, scabbing), minimize metal usage, and lower labour-intensive fettling operations. Following the November 2025 acquisition of a 75% stake in Morganite Crucible (India) Limited (renamed Foseco Crucible India Limited) for INR 6.5 billion, the portfolio now also includes crucible manufacturing for the metallurgical industry.

Foseco operates a direct enterprise field-sales B2B model, selling quote-based technical consumables and solutions to foundries serving the automotive, engineering, and capital goods sectors in India. Revenue is generated through one-time product sales of high-technology consumables. FY2025 revenue was Rs 643.42 crore (+22.61% YoY) with PAT of Rs 72.29 crore; Q1 FY26 revenue was Rs 201.88 crore (+35.94% YoY) with PAT of Rs 33.81 crore (+56.02% YoY), reflecting strong operating momentum and margin expansion.

Name

Foseco

Legal name

Foseco India Limited

Website

https://fosecoindia.com

Company type

Public

Founded year

1958

Operating status

Operating

Headcount range

101–250 employees

Short description

Foseco India Limited is a publicly listed manufacturer and supplier of foundry consumables, metallurgical solutions, and casting simulation software, serving foundries in the Indian automotive, engineering, and capital goods industries as the Indian subsidiary of Vesuvius Group.

Ownership category

akta.pro rank

Product category

Foundry Consumables & Metallurgical Solutions

NAICS

Nonferrous Metal (except Aluminum) Production and Processing (3314)

SIC

Abrasive, Asbestos & Misc Nonmetallic Mineral Prods (3290)

akta.pro primary industry

Refractory & Metallurgical Consumables Distribution (Fluxes, electrodes, refractories) (IMAKAJAM)

akta.pro secondary industry

Aluminum Smelter/Refinery Technology, Equipment & Refractories (IMAKACAL)

Keywords

• Foundry consumables
• Metal casting solutions
• Molten metal filtration
• Feeding systems foundry
• Metallurgical refractory products

Headquarters

HQ city

Shirpur

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Foundry Consumables and Solutions: Sale of high-technology products and solutions to steel and casting industries including insulating and exothermic feeding systems, filters, direct pour technology, coatings, and crucibles for iron, steel and non-ferrous foundries

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Foseco India manufactures and supplies a comprehensive range of foundry consumables and solutions for iron, steel and non-ferrous foundries, including insulating and exothermic feeding systems, molten metal filters, direct pour technology, non-ferrous metal treatment and degassing systems, metal stream inoculation, advanced coatings, environmentally friendly binders, lining systems for ladles and furnaces, and energy saving crucibles. It also offers solidification simulation software and the XMAT in-mould monitoring concept, and, through subsidiary Foseco Crucible (India) Limited, manufactures crucibles for the metallurgical industry.

Product overview

Foseco is a world leader in the supply of foundry consumables and solutions, operating as a single unified product portfolio with specialized offerings for the metallurgical industry. The company provides a comprehensive range of products including insulating and exothermic feeding systems, filters for liquid iron, steel and aluminium, direct pour technology, solidification simulation software, non-ferrous metal treatment and degassing systems, metal stream inoculation, advanced coatings, environmentally friendly binders, lining systems for ladles and furnaces, and energy saving crucibles. The product portfolio serves three main solution areas: Foundry, Iron and Steel, and Industrial Processes. Following the November 2025 acquisition of Morganite Crucible (India) Limited (now Foseco Crucible), the company expanded its crucible product offerings as a subsidiary brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Foundry Consumables Comprehensive range of proprietary foundry consumables sold to iron, steel and non-ferrous foundries, including insulating and exothermic feeding systems, filters for liquid iron/steel/aluminium, direct pour technology, non-ferrous metal treatment and degassing systems, metal stream inoculation, advanced coatings, environmentally friendly binders and energy saving crucibles, used to reduce casting defects and improve foundry productivity.
• Lining Systems for Ladles and Furnaces Lining systems for ladles and furnaces designed to improve efficiency and safety in metallurgical processes, sold to iron, steel and non-ferrous foundries.
• Solidification Simulation Software Computer simulation software that allows foundries to reduce casting defects such as pinholes, shrinkage cavity, inclusions, scabbing, penetration and veining, and to reduce labour-intensive fettling and machining, sold to foundries and metallurgical manufacturers.
• Foseco Crucible (formerly Morganite Crucible) Crucible products for the metallurgical industry, sold by Foseco Crucible (India) Limited (formerly Morganite Crucible (India) Limited), a 75%-owned subsidiary of Foseco India Limited since November 2025.
• Iron and Steel Solutions (including Basic Oxygen Furnace solutions) Products and solutions for iron and steel manufacturing processes, including Basic Oxygen Furnace (BOF) solutions and molten metal conditioning consumables for steel manufacturers.

Quantifiable outcome

• Reduces labour-intensive fettling and machining operations
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Morganite Crucible (India) LimitedcoreStrategic or Co-development Partner · 11 November 2025Foseco India Limited completed the acquisition of a 75% stake in Morganite Crucible (India) Limited (now renamed Foseco Crucible (India) Limited) from Morganite Crucible Limited and Morgan Terrassen BV. The transaction involved an investment of INR 6.5 billion and resulted in Morganite Crucible becoming a subsidiary of Foseco. The acquisition brings together two multinational companies serving similar industries in metals and component manufacturing in India.
• Rotary FoundationminorStrategic or Co-development PartnerFoseco India collaborated with Rotary Foundation for its CSR initiative to improve educational infrastructure, inaugurating new classrooms at Zilla Parishad School and Anand Ashram School.
• Jehangir Hospital PuneminorStrategic or Co-development PartnerFoseco India has been supporting the Sweetling Project at Jehangir Hospital, Pune for almost 10 years, providing financial support for holistic treatment of underprivileged children with Type 1 Diabetes (Juvenile Diabetes).

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Vesuvius plc: UK-headquartered parent company of Foseco India via Foseco Overseas Limited; operates the same foundry consumables, refractories, and steel flow control businesses globally, making it the most directly comparable peer.
• HA International: US-based specialty supplier of foundry resin systems, refractory coatings, and core-making consumables - directly competitive with Foseco's binder and coating product lines for iron and steel foundries.
• HarbisonWalker International: North American refractory and foundry consumables supplier with monolithic and preformed products for iron, steel, and non-ferrous foundries - directly comparable in product category and customer base, though geographically focused on Americas.
• Pyrotek: Privately-held global supplier of molten metal filtration, molten metal pumps, and refractory consumables for non-ferrous and ferrous foundries - directly comparable in metal treatment, filtration, and foundry consumables.
• Morgan Advanced Materials: UK-based ceramics and specialty materials company that sold its Morganite Crucible India subsidiary to Foseco India in 2025; produces crucibles and high-temperature ceramics directly relevant to Foseco's newly-acquired crucible business.
• ASK Chemicals: Global specialty chemicals company focused on foundry binders, coatings, feeders, and filters - directly competitive with Foseco's foundry consumables portfolio and serving similar automotive and industrial casting customers.
• Allied Mineral Products: US-headquartered manufacturer of monolithic refractories and precast shapes for ferrous and non-ferrous foundries - directly comparable to Foseco's refractory lining systems and consumables for ladle/furnace applications.

Broad incumbents

• RHI Magnesita: Global refractory major serving steel, cement, glass, and foundry end-markets with a broad product portfolio; partially overlaps with Foseco's refractory/consumables offering but operates much wider end-market exposure.
• Saint-Gobain: Global industrial conglomerate with a refractory and high-temperature solutions division competing with Foseco in iron, steel, and foundry markets - much broader building materials and construction products portfolio overall.
• Imerys: French specialty minerals group with foundry-relevant mineral products including bentonite, chamotte, and performance minerals - broader industrial minerals portfolio with foundry as one of many served segments.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/foseco-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foseco