Regulatory Filing Details

Nature of Disclosure: Submission of Investor Presentation pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in relation to the Financial Results of the Company for the half year ended September 30, 2026.

Filing Authority: The Dy. Manager, The Department of Corporate Services, BSE Limited

Submitted by: Mukesh Kumar Khanna, Company Secretary & Compliance Officer (M. No. A2437)

Document Availability: Uploaded on Company's website at https://sclcasting.com/

H1 FY27 Financial Performance - Standalone

Profit & Loss Statement (₹ Crores):

  • Revenues: ₹20.77 (H1 FY27) vs ₹16.54 (H1 FY26) - 25.54% YoY growth
  • Other Income: ₹0.48 (H1 FY27) vs ₹0.63 (H1 FY26)
  • Total Income: ₹21.25 (H1 FY27) vs ₹17.17 (H1 FY26) - 23.75% YoY growth
  • Raw Material Expenses: ₹11.44 (H1 FY27) vs ₹9.07 (H1 FY26)
  • Employee Costs: ₹0.95 (H1 FY27) vs ₹0.86 (H1 FY26)
  • Other Direct & Manufacturing Expenses: ₹4.45 (H1 FY27) vs ₹4.07 (H1 FY26)
  • Other Expenses: ₹1.07 (H1 FY27) vs ₹0.55 (H1 FY26)
  • Total Expenditure: ₹17.91 (H1 FY27) vs ₹14.55 (H1 FY26)
  • EBITDA: ₹3.34 (H1 FY27) vs ₹2.62 (H1 FY26) - 27.29% YoY growth
  • EBITDA Margin: 15.71% (H1 FY27) vs 15.27% (H1 FY26) - 44 Bps expansion
  • Finance Costs: ₹0.50 (H1 FY27) vs ₹0.44 (H1 FY26)
  • Depreciation: ₹0.46 (H1 FY27) vs ₹0.39 (H1 FY26)
  • PBT: ₹2.38 (H1 FY27) vs ₹1.80 (H1 FY26) - 32.71% YoY growth
  • Tax: ₹0.67 (H1 FY27) vs ₹0.48 (H1 FY26)
  • PAT: ₹1.71 (H1 FY27) vs ₹1.32 (H1 FY26) - 29.60% YoY growth
  • Net Profit Margin: 8.05% (H1 FY27) vs 7.68% (H1 FY26) - 36 Bps expansion

Cash Flow Statement (₹ Crores):

  • Cash Flow From Operating Activities: ₹1.04 (H1 FY27) vs ₹(7.72) (FY26)
  • Cash Flow From Investing Activities: ₹(0.59) (H1 FY27) vs ₹(5.00) (FY26)
  • Cash Flow From Financing Activities: ₹0.74 (H1 FY27) vs ₹12.31 (FY26)
  • Net Increase in Cash & Cash Equivalents: ₹1.19 (H1 FY27) vs ₹(0.40) (FY26)

Balance Sheet Position (as of H1 FY27, ₹ Crores):

  • Equity: ₹8.16
  • Reserves: ₹19.41
  • Net Worth: ₹27.57 (increased from ₹25.88 at FY26 year-end)
  • Non-Current Borrowings: ₹1.81
  • Current Borrowings: ₹9.86
  • Trade Payables: ₹4.87
  • Fixed Assets: ₹14.64
  • Inventories: ₹9.30
  • Trade Receivables: ₹16.81 (increased from ₹13.39 at FY26 year-end)
  • Cash & Bank Balance: ₹1.32 (increased from ₹0.13 at FY26 year-end)
  • Total Assets: ₹46.32
  • Debt to Equity: 0.42x

Historical Financial Performance

FY26 Standalone (₹ Crores):

  • Total Income: ₹36.19
  • EBITDA: ₹6.22
  • EBITDA Margin: 17.17%
  • PAT: ₹3.28
  • PAT Margin: 9.07%

FY25 Standalone (₹ Crores):

  • Total Income: ₹30.29
  • EBITDA: ₹5.15
  • EBITDA Margin: 17.02%
  • PBT: ₹5.87 (includes prior-period adjustment of ₹2.50 Crores from restatement of fixed asset balances and consequential impact on depreciation)
  • PAT: ₹4.34
  • PAT Margin: 14.34%

Management Commentary & Outlook

Varun Sharda, Chairman & Managing Director (20+ years in casting industry) provided the following commentary:

H1 FY27 represented strong, broad-based growth with 24% YoY Total Income growth reflecting healthy demand for precision aluminium castings. Profitability grew ahead of topline with EBITDA increasing 27% and Net Profit rising 30%. The company generated positive operating cash flow during the half.

Industry Environment: Sustained investment in power transmission and distribution, grid modernization, and railway expansion is creating strong long-term demand. Global customers are diversifying supply chains toward reliable Indian manufacturers, supporting export momentum across Europe, Mexico, and USA.

Competitive Advantage: Integrated facility at Karjan, Vadodara with in-house heat treatment, machining, and testing enables delivery of ready-to-use, value-added components.

Growth Strategy: Continue deepening presence in power transmission and electrical applications, broaden customer base across domestic and international markets, and increase share of machined and value-added products. Ample headroom to scale volumes within existing capacity, with planned capacity expansion in upcoming periods.

Emerging Opportunities: Railways, industrial applications, government projects, and defense sectors.

Business Overview & Operations

Company Profile: Incorporated in 1996, Vadodara-headquartered manufacturer of high-precision aluminium castings specializing in sand casting, gravity die casting, and centrifugal casting.

Manufacturing Capabilities: Integrated setup at Karjan, Vadodara with in-house heat treatment, machining, and advanced testing including:

  • Optical Emission Spectrometer (chemical lab)
  • Density Index checking machine
  • Tensile testing
  • Hardness testing
  • Sand testing laboratory
  • Helium gas leak detection
  • X-ray testing (outsourced)
  • Ultrasonic testing (outsourced)

Product Portfolio: >70% serves power transmission & distribution with 30+ switchgear & transformer components. Also serves railways, automotive, oil & gas, industrial machinery, and textiles.

Market Distribution: Export revenue contribution increased to 41% in FY26 (from 34% in FY25) with exports to Europe, Mexico, and USA.

Approval Cycle: 12-36 months from first audit to serial supply for global OEM customers.

Key Metrics (FY26):

  • Return on Equity: 12.68%
  • Return on Capital Employed: 15.14%

Industry Context & Tailwinds

Global GIS Market: Growing demand for gas-insulated switchgear driven by grid modernization investments. Major OEMs including Hitachi Energy, Siemens Energy, and GE Vernova showing strong order backlogs.

India Substation Build-Out: National Electricity Plan (Transmission) 2023-32 envisions ₹9.15 Lakh Crores investment, 2,342 GVA substation capacity by 2032 (up 87% from current), and 6.48 Lakh ckm transmission lines.

SF6-Free Switchgear Transition: EU Regulation 2024/573 and similar regulations in California and New York creating requalification opportunities for suppliers.

Indian Aluminium Casting Industry: US$4.5 Billion opportunity by 2030 supported by structural industrial demand.

Growth Strategy & Future Plans

Growth Drivers:

  • Expansion in power transmission and electrical applications
  • New customer additions across diversified industrial sectors
  • Strengthening export presence in global markets
  • Increasing share of machined and finished components
  • Higher throughput to improve fixed cost absorption

Margin Expansion Drivers:

  • Operational efficiencies across manufacturing processes
  • Improved product mix with higher value-added components
  • Integrated manufacturing enabling better cost control

Capacity Expansion: Planned capacity expansion in upcoming periods supported by IPO proceeds to meet future demand.

Target Sectors: Expanding across railways, power, industrials, government projects, and defense diversification.

Risk Factors & Mitigation

Identified Risks:

  • Raw Material Price & Supply Volatility
  • Customer & Sector Concentration
  • Working Capital Intensity
  • Execution Risk During Scale-Up
  • Competitive & Pricing Pressure

Mitigation Strategies:

  • Pricing pass-through mechanisms and diversified sourcing
  • Expanding across industries and geographies
  • Strong OEM relationships and disciplined receivable management
  • Phased capacity expansion and disciplined capital allocation
  • Focus on value-added, precision components

Stock Information

As of November 12, 2026:

  • BSE: 544452
  • Share Price: ₹84.00
  • Market Capitalization: ~₹69 Crores
  • Shares Outstanding: 81,64,000
  • Face Value: ₹10.00
  • 52-Week High/Low: ₹144.25/₹39.00
  • Shareholding Pattern (30-09-2026): 73.49% Promoter & Promoter Group, 26.51% Public