What we do Magna Electro Castings Ltd manufactures and sells high-quality cast iron components primarily for automotive and industrial applications. |
Founded in 1,990 |
Market share A leading player in Indian cast iron component manufacturing with growing export presence. |
Problem solved Provides durable, precision cast iron parts to automotive and industrial sectors, enhancing product performance and reliability. |
Top clients or who we serve Serves automotive manufacturers and industrial firms; operates B2B with significant export clientele. |
Key management - |
Our journey and innovations Pioneered CAD/CAM tooling in 2001; introduced energy-efficient furnaces and Industry 4.0 upgrades; expanded molding capacity continuously since 2001. |
Where we operate India primarily, with export markets contributing 49% of revenues. |
Top products or what we offer Foundry division produces grey iron castings; wind energy division generates renewable energy powering operations. |
Top brands MASTERCAST - trademarked brand for cast iron components; recognized for quality and consistency. |
Raw materials needed Cast iron, sand, additives for molding and casting processes. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from recurring foundry operations with supplementary renewable energy income. |
Our industry position Strong domestic position with growing export market share; awarded supplier excellence by Caterpillar. |
Financial highlights FY 2024-25 revenue Rs176.45 Cr, Net Profit Rs23.12 Cr, 22.79% revenue growth, 53% profit growth year-on-year. |
Geographical revenue split Domestic revenue Rs85.61 Cr; exports Rs86.81 Cr in FY 2024-25. |
Order book - |
Whats driving growth Capacity expansion, adoption of Industry 4.0 technologies, energy efficiency initiatives, and export market growth. |
Our future plans Completion of Third Molding Line to increase capacity to 2000 MT/month by mid-2025. |
Our green promise 66.5% energy from in-house wind and solar; installed pollution control and reclamation systems. |
Our people and values Focus on skilled workforce, continuous innovation, and compliance with global quality standards. |
Key challenges ahead Managing energy costs, adoption of latest technology, and sustaining export growth amid global competition. |
Interesting facts Installed largest captive wind energy generators; earned repeat supplier excellence award from Caterpillar. |
Risks and strategy Mitigates operational risks via automation, financial prudence, and diversified clientele. |
