Nelcast Ltd

Nelcast Limited is engaged in the business of manufacture and sale of iron castings.

Pros:
Stock is trading at 0.82 times its book value
Company has been maintaining a healthy dividend payout of 22.78%
Cons:
Company has a low return on equity of 10.49% for last 3 years.
Company might be capitalizing the interest cost

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
140 143 133 151 180 201 213 205 243 234 174 189
124 124 119 135 162 182 194 184 221 216 159 172
Operating Profit 16 19 13 15 18 19 19 21 22 18 15 16
OPM % 12% 13% 10% 10% 10% 10% 9% 10% 9% 8% 9% 9%
Other Income 1 0 3 1 1 1 2 1 2 2 1 1
Interest 2 2 1 1 1 1 1 1 2 2 3 3
Depreciation 3 3 3 4 4 4 4 4 4 5 5 5
Profit before tax 12 14 12 11 14 16 16 17 18 14 9 10
Tax % 33% 29% 29% 33% 27% 36% 35% 35% 35% 33% 29% 33%
Net Profit 8 10 9 8 10 10 10 11 12 9 6 7
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
356 290 320 507 653 508 515 545 561 575 745 856 840
310 270 297 477 572 475 467 500 497 510 673 780 768
Operating Profit 46 20 22 31 81 33 49 45 64 64 72 76 71
OPM % 13% 7% 7% 6% 12% 6% 9% 8% 11% 11% 10% 9% 8%
Other Income 3 4 2 115 7 2 2 2 2 5 4 6 6
Interest 5 12 7 8 9 3 2 5 7 6 3 7 8
Depreciation 6 7 7 9 11 11 13 13 13 13 16 17 18
Profit before tax 39 6 10 129 68 21 36 30 46 49 57 58 51
Tax % 34% 35% 31% 33% 32% 33% 38% 26% 31% 31% 33% 33%
Net Profit 26 4 7 87 46 14 22 22 32 34 38 38 34
EPS in Rs 2.89 0.40 0.74 9.49 5.02 1.52 2.47 2.38 3.50 3.92 4.40 4.42
Dividend Payout % 20% 46% 38% 30% 34% 31% 27% 28% 22% 23% 23% 23%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.42%
5 Years:10.70%
3 Years:15.16%
TTM:5.02%
Compounded Profit Growth
10 Years:26.10%
5 Years:11.30%
3 Years:6.44%
TTM:-19.00%
Return on Equity
10 Years:9.83%
5 Years:10.13%
3 Years:10.49%
Last Year:10.08%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
17 17 17 17 17 17 17 17 17 17 17 17
Reserves 135 137 141 197 225 234 250 264 288 322 350 378
Borrowings 74 173 173 92 85 89 87 98 96 77 98 200
62 46 72 84 112 99 105 106 114 129 172 185
Total Liabilities 289 373 404 391 440 440 459 485 515 545 637 780
106 107 129 171 190 187 233 232 248 245 238 291
CWIP 12 99 100 1 4 44 2 5 0 1 36 91
Investments 0 0 0 0 1 21 26 32 37 39 39 39
171 167 175 218 245 189 199 217 231 261 324 358
Total Assets 289 373 404 391 440 440 459 485 515 545 637 780

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-25 1 38 44 63 60 43 26 45 28 33 75
-47 -94 -30 124 -32 -67 -21 -19 -28 -10 -43 -125
83 82 -7 -116 -20 -8 -18 -7 -16 -17 18 44
Net Cash Flow 11 -11 0 52 10 -14 4 -0 1 1 8 -7

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 26% 6% 5% 8% 24% 7% 11% 9% 14% 14% 14% 12%
Debtor Days 79 69 65 63 43 45 49 47 43 48 57 52
Inventory Turnover 7.03 3.93 3.65 7.31 12.60 10.02 11.51 10.82 8.64 6.84 7.26 6.78