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Welcast SteelsBOM:504988 +0.35%55 Quick Ratio is 23.77 as of Mar. 2026, which is 1101% above its 10-year median of 1.98. GuruFocus rates BOM:504988 with a GF Score™ of 55/100 and a GF Value™ of ₹584.43 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 634 Steel companies, Welcast Steels ranks better than 98.11% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Welcast Steels's quick ratio for the quarter that ended in Mar. 2026 was 23.77.
Welcast Steels has a quick ratio of 23.77. It generally indicates good short-term financial strength.
The historical rank and industry rank for Welcast Steels's Quick Ratio or its related term are showing as below:
BOM:504988'
s Quick Ratio Range Over the Past 10 Years
Min: 1.01 Med: 1.98 Max: 23.77
Current: 23.77
During the past 13 years, Welcast Steels's highest Quick Ratio was 23.77. The lowest was 1.01. And the median was 1.98.
BOM:504988's Quick Ratio is ranked better than 98.11% of 634
companies
in the Steel industry
Industry Median: 1.02
vs BOM:504988: 23.77
Welcast Steels (BOM:504988) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Welcast Steels Quick Ratio Related Terms
Welcast Steels Quick Ratio Historical Data
* Premium members only.
The historical data trend for Welcast Steels's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:504988 vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, Welcast Steels's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Welcast Steels Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Welcast Steels's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Welcast Steels's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Welcast Steels's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Welcast Steels (BOM:504988) has a Quick Ratio of 23.77 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Welcast Steels and its competitors. This is 1101% above median its historical median of 1.98. Over the past decade, Welcast Steels' Quick Ratio has ranged from 1.01 to 23.77. According to the industry distribution chart, Welcast Steels ranks #12 out of 634 companies in the Steel industry, placing it in the top 1.9%.
Is Welcast Steels' Quick Ratio too high?
Welcast Steels' current Quick Ratio of 23.77 is 1101% above median its 10-year median of 1.98. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 23.77. The Steel industry median Quick Ratio is 1.02. Welcast Steels' value of 23.77 is 2230.4% above this industry median. Based on the distribution chart, Welcast Steels ranks #12 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Welcast Steels has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Welcast Steels' Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Welcast Steels ranks #12 out of 634 companies for Quick Ratio. This places Welcast Steels in the top 2% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.02. Welcast Steels' value of 23.77 is 2230.4% above this benchmark. Historically, Welcast Steels' own Quick Ratio has ranged from 1.01 to 23.77 over the past decade. While the company's 10-year median is 1.98 vs. the industry median of 1.02, Welcast Steels has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Welcast Steels's current Quick Ratio of 23.77 is 2230.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Welcast Steels and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Welcast Steels's current Quick Ratio is 23.77, which is 1101% above median its own 10-year median of 1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welcast Steels stock overvalued right now?
Based on GuruFocus' analysis, Welcast Steels (BOM:504988) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹584.43, compared to a current price of ₹694.40 — trading 18.8% above its estimated fair value. The current Quick Ratio is 23.77, which is 1101% above median its 10-year median of 1.98 and 2230.4% above the Steel industry median of 1.02. Welcast Steels' overall GF Score™ is 55/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Welcast Steels (BOM:504988), the current Quick Ratio is 23.77 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Welcast Steels (BOM:504988) Overvalued in 2026?
Based on GuruFocus' analysis, Welcast Steels stock appears to be overvalued.
The current stock price of ₹694.40 is trading 18.8% above its estimated GF Value™ of ₹584.43.
GuruFocus considers Welcast Steels to be Modestly Overvalued.
Key valuation signals for BOM:504988:
Quick Ratio: 23.77 (1101% above median its 10-year median of 1.98)
GF Value™: ₹584.43 vs. price of ₹694.40 (18.8% above fair value)
Industry Position: 2230.4% above the Steel median (#12 of 634)
No single metric tells the full story. See the BOM:504988 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Welcast Steels Ltd is engaged in the manufacturing and marketing of chrome grinding media balls. The company products are used in the Cement and Mining Industry. It exports its products to other countries like the USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, Oman, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria, and Vietnam. The company mainly operates in only one segment namely the manufacturing of High Chrome Grinding Media Balls and generates revenue from the same.
55GF Score
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