Scripscan:Steelcast Ltd
cmp:120
Code:513517
Story:Steelcast Limited engages in casting business in India. The company’s products include carbon steel, low alloy steel, high alloy steel, hadfield manganese steel, and other grades of wear and abrasion resistant steel castings. It primarily serves the earthmoving equipment manufacturers, heavy electrical equipment manufacturers, mining companies, mineral processing equipment manufacturers, OFE valve manufacturers, and general engineering equipment manufacturers, as well as end users comprising cement plants, mining and mineral processing units, thermal power plants, and steel plants. The company also exports its products.Results should be good in the coming quarters.Valuation wise too its quoting at single digit multiple its forward earnings.Investors having it should hold on to the counter.
Btw:Paid members have got the full coverage of it.
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