BSE: 539527
Creative Castings Limited
Makes industrial castings as its primary product, with FY26 revenue from operations of ₹48.2751 crore. The Casting segment is the dominant business, contributing the bulk of revenue across all four quarters of FY26 — Q3 alone generated ₹14.8764 crore from casting operations. A much smaller Wind Turbine Power Generation segment contributes marginally, with quarterly revenues ranging from ₹0.1955 crore to ₹0.4293 crore across FY26 quarters. Materials are the largest direct input cost at 34.9% of revenue, followed by other operating expenses at 42.9% and employee costs at 10.7%. The company also undertakes job-work services, including a related-party transaction with Specmac Techno Private Limited for up to ₹9.65 crore in FY27. It has no subsidiaries, joint ventures or associates, and reports only standalone financials. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Castings, Wind Turbine Power Generation. Small-scale, single-location industrial castings maker with a minor captive wind power segment
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 42 | 51 | 52 | 44 | 48 |
| EBITDA (ex other income) | 4 | 5 | 6 | 5 | 5 |
| margin % | 9.1 | 10.3 | 12.0 | 11.1 | 11.1 |
| Owners' profit | 3 | 5 | 5 | 4 | 4 |
| EPS, as reported (₹) | 25.24 | 36.83 | 38.97 | 27.92 | 33.62 |
| ROE % · ROCE % | 10.6 · 13.1 | 13.8 · 18.1 | 13.0 · 16.5 | 8.6 · 12.4 | 9.6 · 13.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | (0) | 4 | 5 | 9 |
| Capex | (1) | (1) | (4) | (1) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 8 | 11 | 9 | 13 | 15 | 11 | 14 |
| Profit before tax | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Net profit | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 |
| EPS (₹) | 8.00 | 4.53 | 8.05 | 5.69 | 7.99 | 12.09 | 7.84 | 12.16 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Casting | 49 | 97.5 |
| Wind Turbine Power Generation | 1 | 2.4 |
| Unallocated | 0 | 0.1 |
| Total, before eliminations | 50 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PTC INDUSTRIES LIMITED | 35,906 | 285.9 | 23.82 | 209.7 | 6.7 | 7.5 | 29.8 | 28.3 |
| AIA ENGINEERING LIMITED | 33,643 | 26.6 | 4.19 | 19.4 | 15.8 | 19.3 | 8.9 | 35.8 |
| HAPPY FORGINGS LIMITED | 16,966 | 51.8 | 7.97 | 34.4 | 14.2 | 18.5 | — | 33.8 |
| BALU FORGE INDUSTRIES LTD | 5,387 | 18.2 | 3.38 | 16.3 | 16.2 | 18.8 | — | 29.5 |
| STEELCAST LIMITED | 3,516 | 38.8 | 8.90 | — | 22.0 | 28.5 | — | 28.2 |
| Amic Forging Limited | 2,327 | 27.1 | — | — | — | 18.4 | — | — |
| INVESTMENT & PREC CAST L | 1,290 | 109.7 | 12.57 | 43.0 | 11.5 | 13.0 | 12.5 | 18.6 |
| NELCAST LIMITED | 1,148 | 27.9 | 1.92 | 10.6 | 8.1 | 9.4 | 16.8 | 5.9 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.2 | 26.7 | 4 of 22 | 86% |
| P/B | 1.5 | 3.6 | 2 of 20 | 95% |
| ROCE | 13.3 | 13.7 | 13 of 24 | 48% |
| ROE | 9.6 | 11.5 | 14 of 20 | 32% |
| Debt / Equity | 0.0 | 0.1 | 6 of 20 | 74% |
| EBITDA margin | 16.7 | 18.5 | 12 of 20 | 42% |
| Revenue growth | 47.4 | 12.2 | 2 of 18 | 94% |
| Profit growth | 113.6 | 19.3 | 5 of 17 | 75% |
| Market cap | 69 | 425 | 22 of 24 | 9% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Board meeting set for Q2 and half-year unaudited results | results | low | — | — |
| 18 Oct 2026 · Quarterly dematerialisation compliance certificate submitted to BSE | compliance | minimal | — | — |
| 26 Sept 2026 · Creative Castings: Director Jignesh Thanki re-appointed at AGM | management changes | medium | — | — |
| 26 Sept 2026 · Final dividend of Rs. 12.50 per share approved at AGM | corporate actions | high | — | — |
| 26 Sept 2026 · CCL 41st AGM: All 6 resolutions passed; Rs 12.50 final dividend approved | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Creative Castings 41st AGM: all 6 resolutions passed, Rs. 12.50/share dividend cleared | compliance | minimal | — | — |
| 26 Sept 2026 · Creative Castings 41st AGM: dividend of Rs 12.50, director pay approved | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Creative Castings closes trading window ahead of Q2 results | compliance | minimal | — | — |
| 2 Sept 2026 · Creative Castings 41st AGM notice and remote e-voting details | compliance | minimal | — | — |
| 1 Sept 2026 · 41st Annual Report FY26 and AGM notice filed with BSE | compliance | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.