Multibagger steel stock hit 52-week high as company is likely to set August 29 as record date for a 1:5 stock on July 31 Board meeting!

DSIJ Intelligence-1 / 23 Jul 2025/ Categories: Bonus and Spilt Shares, Multibaggers, Trending

Multibagger steel stock hit 52-week high as company is likely to set August 29 as record date for a 1:5 stock on July 31 Board meeting!

The shares of the company saw a spurt in volume by more than 3.85 times on the BSE.

On Wednesday, the shares of Steelcast Ltd jumped 5.2 per cent and made a new 52-week high of Rs 1,272.55 per share from its previous closing of Rs 1,210.05 per share. At the closing bell, the shares of the company were trading at Rs 1,206.85 per share, down 0.26 per cent from its previous closing. The shares of the company saw a spurt in volume by more than 3.85 times on the BSE.

A board meeting for STEELCAST LIMITED (291st meeting) will convene on Thursday, July 31, 2025, via video conferencing. The agenda includes approving unaudited financial results for the quarter ending June 30, 2025, considering the declaration of the first interim dividend for FY 2025-26 and setting August 8, 2025, as the record date for this dividend if declared. Additionally, the board will fix August 29, 2025, as the record date for a proposed stock split, which, if approved by shareholders, will subdivide each equity share of Rs 5 face value into five equity shares of Re 1 face value.

DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, download the service details here.

Steelcast Limited (SCL) is a leading Indian manufacturer of steel and alloy steel castings, supplying a diverse range of Original Equipment Manufacturers (OEMs) across various industrial sectors. Utilising both bake and shell moulding processes, SCL produces a wide array of casting products, including carbon steel, low alloy steel, high alloy steel and manganese steel, as well as specialised wear and abrasion-resistant steel castings. Notably, the company is one of the few in the casting industry capable of manufacturing over 300 different parts through sand and shell moulding, with individual casting weights ranging from 2.5 kg to 2,500 kg.

The company has a market cap of over Rs 2,400 crore and has delivered good profit growth of 56 per cent CAGR over the last 5 years with a healthy dividend payout of 23 per cent. The shares of the company have a PE of 34x, an ROE of 24 per cent and an ROCE of 33 per cent. The stock is up by 97 per cent from its 52-week low of Rs 612.95 per share and has given multibagger returns of 1,200 per cent in 5 years.   

Disclaimer: The article is for informational purposes only and not investment advice.