FOSECO CRUCIBLE (INDIA) (MORGANITE.BO)

Friday

8:56 PM

Thesis: The recent decline in steel production and increased competition are raising concerns about future profitability and market share.

Revenue Outlook

Metric	FY2025	FY2026
Revenue	$1.8B	$1.7B
Rev. Growth	+8.9%	-5.6%
EPS	$49.18	$33.43
EPS Growth	+17.3%	-32.0%
P/E	27.7×	40.7×

What Moves the Stock

1Demand for steel production in India and Southeast Asia
2Raw material prices, particularly for refractory materials
3Technological advancements in foundry processes
4Regulatory changes affecting the steel industry
5Foundry consumables - 70%
6Refractory products - 20%
7Technical services - 10%
8Sustainability in manufacturing processes

FY2026 Snapshot

Revenue: $1.7B
Rev. Growth: -5.6%
Gross Margin: 47.8%
Op. Margin: 19.9%
Net Margin: 10.9%
Net Income: $187M
NI Growth: -32.0%
EPS: $33.43
1Y Return: -8.2%

MORGANITE.BO Chart

My Notes

"Management noted, 'While we have strong relationships, the competitive landscape is changing rapidly.'"
Moat: The company's proprietary technology and established customer relationships provide a moderate level of competitive advantage.
value - The company's strong margins and low debt make it attractive to value investors looking for stability in industrials.
Interest rates affect the company's cost of capital, but given its low debt levels, the impact is minimal.
Watch on earnings: Industrial Production Index (INDPRO), Steel production volumes in India, Raw material price indices for refractory materials.

One Sentence Summary:

Foseco Crucible (India): the story is balanced — demand for steel production in india and southeast asia.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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