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Steelcast Share Price Target 2024, 2025, 2026 to 2039 With Charts
Steelcast Limited | |||
 | Symbol: STEELCAS | ||
| Price: ₹750.4 | |||
| Exchange: NSE | |||
| Basic Materials -> Steel | |||
Show Table of Contents
Table of Contents
- 1: Steelcast Brief Company Overview
- 1.1: Company Overview: Steelcast Limited
- 1.2: Key Products and Services
- 1.3: Diverse Product Range
- 1.4: Global Presence
- 1.5: Commitment
- 1.6: Steelcast Financial Performance
- 1.6.1: Is Steelcast A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Steelcast Share Price Target For 2024
- 2.1.1: Steelcast Share Price Target Table For 2024
- 2.1.2: Summary: Steelcast Share Price Prediction For 2024
- 2.2: Steelcast Share Price Target For 2025
- 2.2.1: Steelcast Share Price Target Table For 2025
- 2.2.2: Summary: Steelcast Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Steelcast Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Steelcast Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Steelcast Past Performance
Steelcast Brief Company Overview
Company Overview: Steelcast Limited
Established in 1960 and headquartered in Bhavnagar, India, Steelcast Limited is a leading manufacturer and exporter of a diverse range of steel castings.
Key Products and Services
- Carbon and alloy steel castings
- Manganese and abrasion-resistant castings
- Products for various industries including earthmoving equipment, mining, railways, and energy
Diverse Product Range
Steelcast offers a comprehensive portfolio of casting products tailored to the specific requirements of different industries, ensuring they meet international quality standards.
Global Presence
The company exports its products to a wide range of countries including the US, Germany, Thailand, and Poland, establishing a strong international presence.
Commitment
Steelcast is committed to providing high-quality products and services to its customers while adhering to ethical and sustainable practices in its operations.
Steelcast Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 1,342.41 Crore | Market valuation of Steelcast's shares. |
| Revenue (TTM) | 431.74 Crore | Total revenue generated by Steelcast over the past twelve months. |
| Net Income (TTM) | +75.83 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 17.19% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 17.56% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +118.3% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +179.3% | Change in earnings compared to the same quarter last year. |
| Beta | 0.25 | Beta is less than 1 indicating that the Steelcast's price is less volatile than the market. |
Is Steelcast A Good Buy For Long Term?
Steelcast, with a market cap of 1,314.48 Crore and a 75.83 Crore net profit, has shown impressive growth over the past three and five years. However, recent returns have been negative. Considering its fundamentals, such as a 179.3% increase in earnings and a 118.3% increase in revenue, it could be a viable investment for investors seeking long-term value.
To predict the Steelcast's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Steelcast Share Price Target For 2024
The line chart displays the monthly closing prices of Steelcast with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Steelcast shares in 2024, see the table below.
Steelcast Share Price Target Table For 2024
| Steelcast's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 774.95 (+3.27%) | Price Action: 22 Oct 2024 High |
| 2024 Target 2 | 767.07 (+2.22%) | Fibonacci Extension Level 123.6% |
| 2024 Target 1 | 757.00 (+0.87%) | Price Action: 18 Oct 2024 Low |
| Current Price | 750.40 | Steelcast's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 751.10 (+0.09%) | Fibonacci Retracement Level 50% |
| Stop Loss 2 | 740.55 (-1.32%) | Fibonacci Retracement Level 98.6% |
| Stop Loss 3 | 731.57 (-2.51%) | Fibonacci Retracement Extended 40% |
Summary: Steelcast Share Price Prediction For 2024
In summary, Steelcast has surged by ₹135.30, achieving a notable +22.00% increase from 1st January 2024 to 21 Nov 2024. Our analysis of Steelcast for 2024 predicts an additional rise of 0.87% to 3.27% by the end of 2024 with three potential targets T1: 757.00, T2: 767.07, T3: 774.95. Stop Loss at SL1: 751.10, SL2: 740.55, SL3: 731.57.
Steelcast has a 52-week high of ₹844.90, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹575.50, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Steelcast.
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Steelcast Share Price Target For 2025
The line chart displays the monthly closing prices of Steelcast with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Steelcast shares in 2025, see the table below.
Steelcast Share Price Target Table For 2025
| Steelcast's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 941.34 (+25.44%) | Custom Fibonacci Extension Lvl 82% |
| 2025 Target 2 | 919.75 (+22.56%) | Fibonacci Extension Level 150% |
| 2025 Target 1 | 902.10 (+20.21%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 750.40 | Steelcast's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 701.44 (-6.53%) | Technical Indicator: MA100 |
| Stop Loss 2 | 690.00 (-8.05%) | Price Action: Aug 2023 High |
| Stop Loss 3 | 675.94 (-9.93%) | Technical Indicator: MA200 |
Summary: Steelcast Share Price Prediction For 2025
In summary, Steelcast has surged by ₹135.30, achieving a notable +22.00% increase from 1st January 2024 to 21 Nov 2024. Our analysis of Steelcast for 2025 predicts an additional rise of 20.21% to 25.44% by the end of 2025 with three potential targets T1: 902.10, T2: 919.75, T3: 941.34. Stop Loss at SL1: 701.44, SL2: 690.00, SL3: 675.94.
Steelcast has a All-Time high of ₹844.90, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹575.50, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Steelcast, we have created a specific page for that check here: Steelcast Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Steelcast Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Steelcast share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 9.63% over the next 15 years.
For complete year by year Steelcast long term share price target from 2024, 2025 to 2039 check the below table.
Steelcast Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Steelcast Target | YoY Change % |
|---|---|---|
| 2024 | ₹750.4 | [Current Price] |
| 2024 | ₹771.18 | 2.76% |
| 2025 | ₹945.42 | 22.59% |
| 2026 | ₹1,018.91 | 7.77% |
| 2027 | ₹1,190.07 | 16.79% |
| 2028 | ₹1,281.13 | 7.65% |
| 2029 | ₹1,427.39 | 11.41% |
| 2030 | ₹1,632.89 | 14.39% |
| 2031 | ₹1,665.75 | 2.01% |
| 2032 | ₹1,860.45 | 11.68% |
| 2033 | ₹1,929.73 | 3.72% |
| 2034 | ₹2,083.59 | 7.97% |
| 2035 | ₹2,320.36 | 11.36% |
| 2036 | ₹2,312.59 | -0.34% |
| 2037 | ₹2,530.84 | 9.43% |
| 2038 | ₹2,578.33 | 1.87% |
| 2039 | ₹2,793.41 | 8.34% |
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Steelcast Past Performance
- In 2006, Steelcast opening price was ₹57.5
- As of Thu 21 Nov 2024 the price stands at ₹750.4.
- This represents a Compound Annual Growth Rate (CAGR) of 14.48%.
- In 18 years, an investment of 10,000 would have become ₹1.3 Lakh.
As we wrap up, we hope you like our study on Steelcast share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
