Welcast Steels Limited

Founded in 1972 and headquartered in Gujarat, India.

1972 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Welcast Steels Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 6.38 M
  • Company Age 53 Year, 3 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.50 M
  • Satisfied Charges ₹ 14.12 Cr
  • Revenue Growth 9.21%
  • Profit Growth 637.28%
  • Ebitda 347358.33%
  • Net Worth 8.57%
  • Total Assets 7.69%

About Welcast Steels

Welcast Steels Limited (WSL) was founded in India on 28 February 1972 and has a glorious history of 53 years . Its registered office is in Ahmedabad, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 504988.

The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 6.38 M.

The company currently has active open charges totaling ₹4.50 M. The company has closed loans amounting to ₹14.12 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Welcast Steels Limited India are Vvrmohanarao as Ceo, Viren Thakkar as Cfo, and Satyanarayan Jetheliya as Company Secretary. Bhadresh Shah, Sanjay Majmudar, Debi Dhanuka, and Three other members serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    welcaststeels.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L27104GJ1972PLC085827

  • Company No.

    085827

  • Stock Symbol

    BSE : 504988

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    28 Feb 1972

  • Date of AGM

    12 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Machinery and Equipment

Who are the key members and board of directors at Welcast Steels?

Executive Team (3)

NameDesignationAppointment DateStatus
Vvrmohanarao Country flag representing In CEO28-Jul-2014Current
Viren Thakkar Country flag representing In CFO23-May-2022Current
Satyanarayan Jetheliya Country flag representing In Company Secretary28-Jul-2014Current

Board Members (6)

NameDesignationAppointment DateStatus
Bhadresh Shah Country flag representing In Director 30-Aug-2001Current
Sanjay Majmudar Country flag representing In Director 23-May-2007Current
Debi Dhanuka Country flag representing In Director 28-Feb-1972Current
Pradip Shah Country flag representing In Director 03-May-1995Current
Ashok Nichani Country flag representing In Director 02-Nov-2011Current
Khushali Solanki Country flag representing In Director 15-Apr-2015Current

Financial Performance of Welcast Steels.

Welcast Steels Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.21% increase. The company also saw a substantial improvement in profitability, with a 637.28% increase in profit. The company's net worth moved up by a moderate rise of 8.57%.

Welcast Steels revenue growth over time
Welcast Steels profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
9.21%
Revenue from Operations
9.24%
Total Assets
7.69%
Profit or Loss
637.28%
Net Worth
8.57%
EBITDA
347358.33%

What is the Ownership and Shareholding Structure of Welcast Steels?

In 2023, Welcast Steels had a promoter holding of 74.85% and a public holding of 25.16%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.45 Cr

Satisfied Charges

₹14.12 Cr

Charges Breakdown by Lending Institutions

  • First National City Bank : 0.45 Cr

Latest Charge Details

DateLenderAmountStatus
03 Nov 1972First National City Bank₹4.50 MOpen
12 Nov 2021Canara Bank₹1.27 CrSatisfied
20 Apr 2005State Bank Of India₹3.85 CrSatisfied
07 Aug 2001Canara Bank₹9.00 CrSatisfied

How Many Employees Work at Welcast Steels?

Welcast Steels has a workforce of 136 employees as of Mar 28, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Welcast Steels Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Welcast Steels, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Welcast Steels's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Welcast Steels

Recent activity within the organization

  • Charges

    A charge registered on 07 Aug 2001 via Charge ID 80042745 with Canara Bank was fully satisfied on 20 Mar 2024.

  • Annual General Meeting

    Welcast Steels Limited last Annual general meeting of members was held on 12 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Welcast Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

  • Charges

    A charge registered on 12 Nov 2021 via Charge ID 100541340 with Canara Bank was fully satisfied on 11 Jan 2023.

  • Charges

    A charge with Canara Bank amounted to Rs. 1.27 Cr with Charge ID 100541340 was registered on 12 Nov 2021.

  • Charges

    A charge with Canara Bank of Rs. 9.00 Cr registered on 07 Aug 2001 with Charge ID 80042745 was modified on 11 Aug 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Welcast Steels Limited?

    Welcast Steels Limited was incorporated on 28 Feb 1972.

  • What is authorized share capital and paid-up capital of Welcast Steels Limited?

    The authorized share capital of Welcast Steels Limited is ₹ 2.00 Cr and paid-up capital is ₹ 6.38 M.

  • Who are the current board members & directors of Welcast Steels Limited?

    Currently 9 directors are associated with Welcast Steels Limited.

    • Bhadresh Kantilal Shah
    • Sanjay Shaileshbhai Majmudar
    • Debi Prasad Dhanuka
    • Pradip Rasiklal Shah
    • Ashok Asharam Nichani
    • Khushali Samip Solanki
    • VVRMohanarao
    • Viren Kantilal Thakkar
    • Satyanarayan Jetheliya

  • What is the registered address of Welcast Steels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Welcast Steels Limited is 115-116 G.V.M.M. Estate, Odhav Road Odhav, Ahmedabad, Gujarat, India, 382415.

  • What is the corporate identification number (CIN) and company number of Welcast Steels Limited?

    The corporate identification number (CIN) of Welcast Steels Limited is L27104GJ1972PLC085827 and the company number is 085827 as per Ministry of Corporate Affairs (MCA).

  • Is Welcast Steels Limited registered with any stock exchange in India?

    Yes, Welcast Steels Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Welcast Steels Limited?

    The Official website of Welcast Steels Limited is https://www.welcaststeels.com

  • What has been the recent revenue trend for Welcast Steels Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Welcast Steels Limited has risen by 9.21%.

  • How many employees does Welcast Steels Limited currently have?

    As Per 2023 financial reports, 136 employees are currently employed by Welcast Steels Limited.

  • What change has been observed in the net worth of Welcast Steels Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Welcast Steels Limited has experienced an upsurge of 8.57%.

  • What are the total open charges for Welcast Steels Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Welcast Steels Limited amount to ₹ 4.50 M.

  • When was the last Balance Sheet of Welcast Steels Limited filed with the ROC?

    The most recent Balance Sheet for Welcast Steels Limited was filed with the ROC on 31 Mar 2023.

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