The invention relates to a stainless steel water meter shell which is cast by using a lost foam process. The fireproof paint of the lost foam comprises 15 parts of zirconite powder, 15 parts of ferrochromium powder, 12 parts of pyrophillite powder, 10 parts of bauxite, 5 parts of magnesium powder, 5 parts of limestone powder, 4 parts of brown emery powder, 1 part of white emery powder, 2.5 parts of lithium-base bentonite, 2 parts of carboxymethyl cellulose, 1 part of palygorskite, 2 parts of sodium silicate, 2 parts of aluminum sulfate, 1.5 parts of VAE (Vinyl Acetateethylene Emulsion), 0.6 part of n-butyl alcohol, 0.2 part of n-caprylic alcohol and 25 parts of water; an energy converter intubation tube with internal and external threads is arranged inside an inclined tube of the water meter shell; and after being inserted, an energy converter is not directly contacted with a water fluid, so that the service life of the energy converter is prolonged and the stainless steel water meter shell has a wide application prospect.