FOSECOIND
Foseco India share price & financials
- Price
- ₹5,058
- Market cap
- ₹4.7k Cr
- Sector
- Chemicals
What Foseco India Limited does
Foseco India manufactures and supplies foundry consumables and equipment — coatings, binders, feeding systems, filtration products, metal-treatment chemicals/inoculants and refractory linings — used by ferrous and non-ferrous metal foundries serving automotive, railway, construction, mining, power-generation and general-engineering customers. It works through a solutions-partnering model, co-developing casting processes on-site with foundry customers rather than selling as a pure product vendor, and runs an in-house R&D lab in Pune alongside access to global Vesuvius R&D. During FY2025-26 it acquired a 75% stake in Foseco Crucible (India) Limited (formerly Morganite Crucible India Limited), a maker of crucibles and monolithic refractories for non-ferrous metal treatment, extending its presence into that segment. Foseco India is part of UK-based Vesuvius plc's global Foundry Business division.
Segments
- Foundry Consumables (Ferrous & Non-Ferrous)
- Crucibles & Monolithic Refractories
- Manufacturing plants
- 2
- Ownership stake in crucible business
- 75% stake in Foseco Crucible (India) Ltd (formerly Morganite Crucible India Ltd) — a leader in India's non-ferrous crucible market
- Product breadth
- Only player in the Indian foundry-consumable industry with offerings spanning the full foundry process — feeding systems, filtration, metal treatment, coatings, binders, refractory linings, crucibles and simulation software — across both ferrous and non-ferrous foundries
- R&D presence
- In-house R&D lab in Pune developing India-specific casting solutions, backed by global Vesuvius R&D teams
- Distribution footprint
- Pan-India reach via two manufacturing plants, multiple warehouses, and a dedicated direct and indirect channel network
- End-markets served
- On-highway and off-highway vehicles, power generation, construction, mining, railways and general engineering foundries
Quarterly results
Q1 FY27: revenue up 15.9%, net profit up 4.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 141 | 136 | 149 | 157 | 151 +7% | 148 +9% | 163 +9% | 182 +16% |
| EBITDA | 24 | 23 | 27 | 27 | 28 +17% | 24 +4% | 29 +7% | 32 +19% |
| Net profit | 19 | 20 | 22 | 22 | 16 −16% | 16 −20% | 24 +9% | 23 +5% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −1.2% 1Y
1Y: ₹6,269.5 on 10 Sept 2025 → ₹6,194.5. High ₹6,432 (31 Aug 2026), low ₹4,347 (2 Feb 2026).
Financials, as filed
Revenue grew 12.6% a year over 2 years, FY23 to FY25. Operating margin widened to 17.5%.
| Year ending | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | ₹477 Cr | ₹525 Cr | ₹605 Cr |
| Operating profit | ₹69 Cr | ₹91 Cr | ₹106 Cr |
| Operating margin | 14.5% | 17.3% | 17.5% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹8 Cr | ₹10 Cr | ₹10 Cr |
| Net profit | ₹73 Cr | ₹73 Cr | ₹76 Cr |
| Net margin | 15.3% | 13.9% | 12.6% |
| Cash from operations | ₹57 Cr | ₹42 Cr | ₹92 Cr |
| Free cash flow | ₹56 Cr | ₹27 Cr | ₹85 Cr |
| ROCE | 32.0% | 31.0% | 16.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹8 Cr |
| Reserves | ₹176 Cr | ₹202 Cr | ₹233 Cr | ₹280 Cr | ₹337 Cr | ₹1.0k Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr |
| Other liabilities | ₹80 Cr | ₹86 Cr | ₹106 Cr | ₹132 Cr | ₹139 Cr | ₹162 Cr |
| Total liabilities | ₹263 Cr | ₹294 Cr | ₹345 Cr | ₹420 Cr | ₹484 Cr | ₹1.2k Cr |
| Fixed assets | ₹31 Cr | ₹35 Cr | ₹31 Cr | ₹39 Cr | ₹45 Cr | ₹43 Cr |
| Capital work in progress | ₹5 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹648 Cr |
| Other assets | ₹227 Cr | ₹259 Cr | ₹313 Cr | ₹379 Cr | ₹438 Cr | ₹510 Cr |
| Total assets | ₹263 Cr | ₹294 Cr | ₹345 Cr | ₹420 Cr | ₹484 Cr | ₹1.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +11.72 pp while promoters trimmed −11.44 pp. The shareholder count shrank 3% to 12,592.
- Promoters
- 63.5%
- FIIs
- 0.1%
- DIIs
- 0.4%
- Public
- 36.0%
Since Jun 2025
- Public +11.72 pp
- Promoters −11.44 pp
- DIIs −0.21 pp
How it drifted, 12 quarters
Over this window promoters fell from 75.0% to 63.5% — −11.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.3%, DIIs 0.1%, Public 24.7%.Dec '23: Promoters 75.0%, FIIs 0.2%, DIIs 0.1%, Public 24.7%.Mar '24: Promoters 75.0%, FIIs 0.2%, DIIs 0.1%, Public 24.7%.Jun '24: Promoters 75.0%, FIIs 0.2%, DIIs 0.1%, Public 24.7%.Sep '24: Promoters 75.0%, FIIs 0.1%, DIIs 0.3%, Public 24.6%.Dec '24: Promoters 75.0%, FIIs 0.1%, DIIs 0.6%, Public 24.3%.Mar '25: Promoters 75.0%, FIIs 0.1%, DIIs 0.6%, Public 24.3%.Jun '25: Promoters 75.0%, FIIs 0.1%, DIIs 0.6%, Public 24.3%.Sep '25: Promoters 75.0%, FIIs 0.1%, DIIs 0.7%, Public 24.2%.Dec '25: Promoters 63.5%, FIIs 0.1%, DIIs 0.6%, Public 35.8%.Mar '26: Promoters 63.5%, FIIs 0.1%, DIIs 0.6%, Public 35.8%.Jun '26: Promoters 63.5%, FIIs 0.1%, DIIs 0.4%, Public 36.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Foseco India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Foseco Overseas Limited | 49.15% | unchanged |
| Karibu Limited | 9.73% | unchanged |
| Morganite Crucible Limited | 7.84% | unchanged |
| Morgan Terrassen B.V. | 7.43% | unchanged |
| Vesuvius Holdings Limited | 7.22% | unchanged |
| Foseco (UK) Limited | 7.17% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in FOSECOIND
Filings to Aug 2026
4 new, 0 added, 0 trimmed, 0 sold out — net +2.88 L shares.
- Held by funds
- ₹185 Cr
- 4 schemes
- Biggest holder
- SBI MNC Fund
- ₹109 Cr · 1.6% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI MNC Fund SBI Mutual Fund | ₹109 Cr | new | Aug '26 |
| SBI Infrastructure Fund SBI Mutual Fund | ₹44 Cr | new | Aug '26 |
| SBI Long Term Advantage Fund - Series V SBI Mutual Fund | ₹17 Cr | new | Aug '26 |
| SBI Long Term Advantage Fund - Series VI SBI Mutual Fund | ₹15 Cr | new | Aug '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net +2.88 L shares
- Funds are sitting on
- -21%
- vs est. average cost
- Held by funds
- ₹185 Cr
- 4 schemes · ≈ 3.1% of the company
- Biggest holder
- SBI MNC Fund
- ₹109 Cr · 1.6% of that fund
What the price assumes
Growth trapTo justify its price of ₹6194, this stock must grow earnings at 35% every year for 7 years. Our analysis caps realistic growth at ~14%. At that growth it is worth ₹2135 — downside of 66%.
- Growth the price implies
- 35.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 17.6% a year
- net profit, FY23–FY26 · EPS 14.2%
- The gap
- 0.2 pp
- -66% downside if it only repeats history
Learn to analyse Foseco India Limited
Guides on how to read this kind of business and the numbers that matter.