Tulsyan NEC Ltd
Incorporated in 1947, Tulsyan NEC Ltd manufactures TMT bars, Coal Based
Power Plant and Synthetics Woven
fabrics and sacks[1]
- Market Cap ₹ 29.6 Cr.
- Current Price ₹ 18.0
- High / Low ₹ 50.8 / 17.2
- Stock P/E
- Book Value ₹ 156
- Dividend Yield 0.00 %
- ROCE -1.29 %
- ROE -22.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.12 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.62% over past five years.
- Company has a low return on equity of -8.59% over last 3 years.
- Contingent liabilities of Rs.37.5 Cr.
- Promoters have pledged 99.6% of their holding.
- Earnings include an other income of Rs.22.2 Cr.
- Promoter holding has decreased over last 3 years: -6.25%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,285 | 1,235 | 846 | 539 | 710 | 843 | 736 | 567 | 752 | 950 | 956 | 797 | 779 | |
| 1,226 | 1,193 | 772 | 503 | 695 | 817 | 713 | 545 | 738 | 935 | 958 | 787 | 778 | |
| Operating Profit | 59 | 41 | 74 | 37 | 15 | 26 | 23 | 22 | 15 | 15 | -2 | 10 | 1 |
| OPM % | 5% | 3% | 9% | 7% | 2% | 3% | 3% | 4% | 2% | 2% | -0% | 1% | 0% |
| 0 | 4 | 3 | -2 | -7 | 4 | 1 | 197 | 804 | 213 | 18 | 3 | 22 | |
| Interest | 77 | 75 | 93 | 119 | 140 | 228 | 224 | 203 | 5 | 11 | 39 | 64 | 89 |
| Depreciation | 22 | 17 | 16 | 25 | 26 | 25 | 25 | 25 | 24 | 26 | 25 | 22 | 21 |
| Profit before tax | -39 | -47 | -32 | -109 | -158 | -223 | -226 | -9 | 790 | 191 | -48 | -73 | -86 |
| Tax % | 56% | -22% | -11% | -20% | 0% | 0% | 0% | 0% | 0% | -30% | 4% | 0% | |
| -61 | -37 | -29 | -87 | -158 | -223 | -226 | -9 | 790 | 248 | -50 | -73 | -86 | |
| EPS in Rs | -40.60 | -24.48 | -19.11 | -58.21 | -105.03 | -148.39 | -150.69 | -6.15 | 526.63 | 148.76 | -30.10 | -43.62 | -52.08 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | 2% |
| 3 Years: | 2% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | % |
| TTM: | -66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | % |
| 3 Years: | -34% |
| 1 Year: | -61% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -9% |
| Last Year: | -23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 17 | 17 | 16 | 16 |
| Reserves | 123 | 99 | 71 | -23 | -180 | -403 | -629 | -639 | 150 | 403 | 351 | 257 | 240 |
| 553 | 775 | 802 | 1,100 | 1,167 | 1,314 | 1,451 | 1,474 | 617 | 356 | 314 | 351 | 366 | |
| 524 | 449 | 366 | 99 | 158 | 171 | 218 | 106 | 135 | 138 | 158 | 186 | 179 | |
| Total Liabilities | 1,215 | 1,338 | 1,253 | 1,190 | 1,160 | 1,096 | 1,055 | 957 | 917 | 914 | 840 | 809 | 801 |
| 334 | 321 | 315 | 737 | 718 | 695 | 673 | 650 | 628 | 565 | 542 | 521 | 499 | |
| CWIP | 221 | 270 | 292 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 13 |
| Investments | 10 | 8 | 8 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 |
| 650 | 739 | 638 | 446 | 435 | 395 | 375 | 301 | 283 | 343 | 289 | 274 | 283 | |
| Total Assets | 1,215 | 1,338 | 1,253 | 1,190 | 1,160 | 1,096 | 1,055 | 957 | 917 | 914 | 840 | 809 | 801 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 93 | -195 | 97 | 19 | 147 | 76 | 39 | 232 | 860 | 336 | 11 | 36 | |
| -80 | -38 | -29 | -13 | 8 | 4 | -4 | -3 | -3 | 1 | 54 | -8 | |
| -11 | 262 | -100 | -3 | -151 | -84 | -35 | -226 | -860 | -327 | -76 | -28 | |
| Net Cash Flow | 2 | 29 | -32 | 2 | 3 | -4 | -0 | 3 | -3 | 10 | -12 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 95 | 114 | 139 | 139 | 139 | 106 | 117 | 101 | 71 | 37 | 40 | 43 |
| Inventory Days | 45 | 46 | 72 | 112 | 62 | 56 | 64 | 85 | 50 | 49 | 37 | 42 |
| Days Payable | 111 | 100 | 124 | 62 | 59 | 41 | 50 | 13 | 25 | 44 | 57 | 75 |
| Cash Conversion Cycle | 29 | 60 | 87 | 189 | 143 | 121 | 130 | 173 | 96 | 42 | 19 | 11 |
| Working Capital Days | -7 | 56 | 67 | -180 | -240 | -255 | -331 | -370 | -151 | 15 | -11 | -46 |
| ROCE % | 6% | 4% | 7% | 1% | -1% | 0% | -0% | -0% | -1% | -1% | -1% | -1% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Steel Production (TMT Bars/Rods) MT |
|
|||||||||||
| Synthetics Production MT |
||||||||||||
| Power Generation Lac Units |
||||||||||||
| Power Installed Capacity (Thermal) MW |
||||||||||||
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Newspaper Advertisement - Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2025
-
Results - Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended December 31, 2025
13 Feb - Unaudited Q3 and nine-month results ended Dec 31, 2025 approved.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On February 13, 2026
13 Feb - Tulsyan NEC approved unaudited standalone and consolidated results for Q3 and 9M ended Dec 31, 2025; LR reports enclosed.
-
Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2025
3 Feb - Board meeting Feb 13, 2026 to approve unaudited results for quarter/nine months ended Dec 31, 2025; trading window closed Jan1–Feb15.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Certificate under Regulation 74(5) submitted for quarter ended 31 Dec 2025 by Tulsyan NEC Limited.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Product Profile:[1]
Company’s products are TMT Bars, Sponge
Iron, Billets, and Ingots in the steel division
and in the synthetic division, it is PP Woven
Sacks, FIBC and Woven Fabric. TMT Bars are used in the Construction Sector and the plastic products cater to the packaging needs
of various industries such as Cement, Fertilizers, Food grains, Sugar, etc
a) TMT Bars[2]
b) Wire Rod[2]
c) Weld Mesh[2]
d) Bloom[2]
e) Sponge Iron[2]
f) Power[2]
g) Synthetics[2]