Thaai Casting Limited

Thaai Casting Limited

NNSE:TCL
121.35
INR
-0.65
(-0.53%)
1.84BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
8.83
16.58
21.17
30.68
52.83
61.1
- -
Basic EPS, GAAP
0.17
0.5
2.18
4.61
4.78
5.35
- -
Free Cash Flow per Basic Share
-3.8
-5.22
-2.92
-40.24
-19.06
-23.86
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.05
3.87
6.99
31.23
36.01
45.66
45.66
Tangible Book Value per Share
2.05
3.87
6.99
31.19
35.98
45.63
45.63
Basic Weighted Avg Shares
23
23
23
23
23
24
24
Sales/Revenue/Turnover
204
383
490
710
1,222
1,456
- -
Operating Margin (%)
5.85
7.85
19.14
24.39
18.19
18.34
- -
Depreciation Expense
14
20
28
24
75
89
- -
Net Income, GAAP
4
12
50
107
111
128
- -
Effective Tax Rate (%)
31.21
34.48
30.05
26.47
28.65
26.2
- -
Profit Margin (%)
1.97
3.01
10.29
15.02
9.05
8.76
- -
Working Capital
8
51
3
258
246
-33
-33
LT Debt
100
184
179
175
453
655
655
Total Equity
47
89
162
722
851
1,111
1,111
Return on Invested Capital (%)
- -
7.82
16.36
15.06
10.51
9.26
- -
Return on Capital (%)
- -
8.05
16.98
15.38
9.66
9.02
- -
Return on Common Equity (%)
- -
16.87
40.1
24.11
14.22
13.12
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
444
522
575
LT Borrowings
453
645
632
LT Finance Leases
- -
- -
24
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
24
24
Market Capitalization
2,000
3,003
1,839

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
955
1,175
1,071
Cash, Cash Equivalents & STI
17
16
7
Accounts Receivable, Net
245
201
313
Inventories
420
474
463
Total Current Liabilities
709
759
1,103
Payables & Accruals
- -
- -
- -
ST Debt
444
522
575
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
112.96%
30.53%
Free Cash Flow
- -
249.9%
28.93%
Net Income, GAAP
- -
130.66%
15.32%
Sales/Revenue/Turnover
- -
50.33%
19.12%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
710
2025
- -
- -
1,222
2026
- -
- -
1,456

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4.61
2025
- -
- -
4.78
2026
- -
- -
5.35

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Sriramulu Anandan
Full Time Employees
158
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
No. 4/404, Old Mahabalipuram Road, Nehru Nagar Tiruvallur India 600096
IPO Date
Feb 23, 2024
Business
Thaai Casting Limited (NSE: TCL) is an India-based automotive ancillary company specializing in high-pressure die casting (HPDC), precision machining of ferrous and non-ferrous materials, and induction heating and quenching. The company manufactures a diverse portfolio of automotive components, including engine mounting support brackets, transmission mounts, fork shift and housing, armature-steering wheel, electrical connectors, YFG base frame (right-hand drive side/left-hand drive side), housing, top cover; it also produces components for non-automotive sectors such as building and construction hardware. Certified under IATF 16949:2016, Thaai Casting operates on a B2B model, serving leading original equipment manufacturers (OEMs) and Tier-1 suppliers like Hyundai, Kia, Maruti Suzuki, and Tata Motors, with primary focus on the domestic Indian market and plans for exports commencing in 2026. Founded in 2011 by Mr. S. Anandan and headquartered at No. A-20, SIPCOT Industrial Park, 7th Cross Street, Pillaipakkam, Tiruvallur, Tamil Nadu 602105, India, the company transitioned from a partnership firm established in 2010 to a public limited entity in 2023, followed by its initial public offering (IPO) of ₹47.20 crore on NSE Emerge in February 2024. In recent developments, Thaai Casting reported consolidated revenue of ₹62.25 crore for H1 FY26 (ended September 30, 2025), reflecting strong operational utilization of 75-80% across its facilities; it secured new orders worth ₹126.53 crore for automotive and non-automotive components (executable over 60-80 months) and ₹12.43 crore for building hardware (over 36-48 months), alongside subsidiary Thaai Induction and Nitriding Pvt Ltd securing ₹10.80 crore in orders. In April-May of the prior year, the company and its subsidiary received orders totaling over ₹84.80 crore; in September 2025, its board approved preferential allotment of securities to fund capacity expansion, automation, and backward integration initiatives.