Nelcast Ltd

Nelcast is engaged in the business of manufacture of Iron Castings.(Source : 201903 Annual Report Page No:110)

  • Market Cap: 493.73 Cr.
  • Current Price: 56.75
  • 52 weeks High / Low 66.50 / 23.20
  • Book Value: 48.30
  • Stock P/E: 23.94
  • Dividend Yield: 1.76 %
  • ROCE: 6.50 %
  • ROE: 8.83 %
  • Sales Growth (3Yrs): -0.45 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Stock is trading at 1.18 times its book value
Cons:
The company has delivered a poor growth of 0.79% over past five years.
Tax rate seems low
Company has a low return on equity of 9.87% for last 3 years.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.10.04 Cr.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Castings & Forgings

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
179.73 201.39 212.92 205.37 242.91 233.66 174.33 188.67 128.11 124.50 125.47 65.31
161.68 181.93 194.10 184.16 221.21 215.55 159.48 172.20 118.00 115.69 112.58 70.73
Operating Profit 18.05 19.46 18.82 21.21 21.70 18.11 14.85 16.47 10.11 8.81 12.89 -5.42
OPM % 10.04% 9.66% 8.84% 10.33% 8.93% 7.75% 8.52% 8.73% 7.89% 7.08% 10.27% -8.30%
Other Income 0.71 1.08 1.61 1.11 1.80 1.96 1.07 1.23 1.59 2.13 5.63 0.69
Interest 0.94 0.57 0.54 0.84 1.68 1.57 2.54 2.65 2.25 2.35 2.26 1.75
Depreciation 4.12 4.03 3.97 4.01 4.16 4.74 4.56 4.59 4.66 4.67 4.62 4.62
Profit before tax 13.70 15.94 15.92 17.47 17.66 13.76 8.82 10.46 4.79 3.92 11.64 -11.10
Tax % 26.72% 35.51% 35.49% 34.63% 34.60% 33.36% 28.57% 33.27% 27.97% 31.12% -96.65% 24.32%
Net Profit 10.03 10.28 10.27 11.42 11.55 9.18 6.30 6.99 3.43 2.70 22.89 -8.40
EPS in Rs 1.15 1.18 1.18 1.31 1.33 1.05 0.72 0.80 0.39 0.31 2.63 -0.97
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
290 320 507 653 508 515 545 561 575 745 856 567 443
270 297 477 572 475 467 500 497 510 673 780 518 417
Operating Profit 20 22 31 81 33 49 45 64 64 72 76 48 26
OPM % 7% 7% 6% 12% 6% 9% 8% 11% 11% 10% 9% 9% 6%
Other Income 4 2 115 7 2 2 2 2 5 4 6 11 10
Interest 12 7 8 9 3 2 5 7 6 3 7 10 9
Depreciation 7 7 9 11 11 13 13 13 13 16 17 19 19
Profit before tax 6 10 129 68 21 36 30 46 49 57 58 31 9
Tax % 35% 31% 33% 32% 33% 38% 26% 31% 31% 33% 33% -17%
Net Profit 4 7 87 46 14 22 22 32 34 38 38 36 21
EPS in Rs 0.40 0.74 9.49 5.02 1.52 2.47 2.38 3.50 3.92 4.40 4.42 4.14 2.36
Dividend Payout % 46% 38% 30% 34% 31% 27% 28% 22% 23% 23% 23% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:5.90%
5 Years:0.79%
3 Years:-0.45%
TTM:-47.19%
Compounded Profit Growth
10 Years:17.95%
5 Years:10.41%
3 Years:1.81%
TTM:-39.39%
Stock Price CAGR
10 Years:11.48%
5 Years:1.67%
3 Years:-5.73%
1 Year:28.10%
Return on Equity
10 Years:9.98%
5 Years:10.17%
3 Years:9.87%
Last Year:8.83%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
17 17 17 17 17 17 17 17 17 17 17 17
Reserves 137 141 197 225 234 250 264 288 322 350 378 403
Borrowings 173 173 92 85 89 87 98 96 77 98 200 225
46 72 84 112 99 105 106 113 129 171 184 134
Total Liabilities 373 404 391 440 440 459 485 515 545 637 779 780
107 129 171 190 187 233 232 248 245 238 291 277
CWIP 99 100 1 4 44 2 5 0 1 36 91 153
Investments 0 0 0 1 21 26 32 37 39 39 39 39
167 175 218 245 189 199 217 230 260 324 358 310
Total Assets 373 404 391 440 440 459 485 515 545 637 779 780

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 38 44 63 60 43 26 45 28 33 75 32
-94 -30 124 -32 -67 -21 -19 -28 -10 -43 -125 -66
82 -7 -116 -20 -8 -18 -7 -16 -17 18 44 30
Net Cash Flow -11 0 52 10 -14 4 -0 1 1 8 -7 -4

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 6% 5% 8% 24% 7% 11% 9% 14% 14% 14% 12% 6%
Debtor Days 69 65 63 43 45 49 47 43 48 57 52 73
Inventory Turnover 2.20 2.11 5.22 8.48 7.14 7.95 7.40 5.31 4.02 4.44 4.04 2.32

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
74.53 74.53 74.59 74.72 74.72 74.72 74.72 74.72 74.72 74.72 74.83 74.83
0.15 0.15 0.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.02 0.06 0.61 0.02 0.05 0.03 0.05 0.09 0.04 0.08 0.05 0.08
0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25.30 25.25 24.64 25.26 25.23 25.25 25.23 25.19 25.23 25.19 25.12 25.08