Nelcast Ltd

Nelcast Ltd

₹ 140 2.42%
04 Jun - close price
About

Incorporated in 1982, Nelcast Ltd
is in the business of manufacturing
Iron Castings[1]

Key Points

Business Overview:[1]
Nelcast is the largest Jobbing Foundry in India for manufacturing Ductile & Grey Iron Castings. It manufactures several complex castings, including axle housings, clutch housings, and
bogie suspension brackets

  • Market Cap 1,223 Cr.
  • Current Price 140
  • High / Low 181 / 86.0
  • Stock P/E 25.2
  • Book Value 68.6
  • Dividend Yield 0.36 %
  • ROCE 11.4 %
  • ROE 8.43 %
  • Face Value 2.00

Pros

Cons

  • Company has a low return on equity of 7.66% over last 3 years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
313 293 358 320 295 300 330 291 330 332 299 330 368
294 273 327 295 280 280 309 274 300 304 282 296 336
Operating Profit 19 19 32 26 16 20 21 17 30 28 17 33 32
OPM % 6% 7% 9% 8% 5% 7% 6% 6% 9% 9% 6% 10% 9%
2 4 4 20 4 4 6 6 5 4 4 3 3
Interest 8 8 8 8 8 8 9 9 9 9 8 8 7
Depreciation 6 6 6 6 6 6 6 6 7 6 7 7 7
Profit before tax 6 9 22 31 6 10 13 8 18 17 6 21 21
Tax % 25% 22% 25% 18% 14% 22% 24% 25% 26% 25% 25% 26% 26%
4 7 17 26 5 8 10 6 14 12 5 16 15
EPS in Rs 0.51 0.83 1.91 2.93 0.58 0.91 1.13 0.69 1.56 1.44 0.55 1.83 1.76
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
545 561 575 745 856 567 615 927 1,264 1,267 1,252 1,328
500 497 510 673 780 518 569 869 1,184 1,175 1,163 1,218
Operating Profit 45 64 64 72 76 48 46 59 80 92 89 110
OPM % 8% 11% 11% 10% 9% 9% 8% 6% 6% 7% 7% 8%
2 2 5 4 6 14 5 9 16 32 20 14
Interest 5 7 6 3 7 13 17 26 31 32 35 33
Depreciation 13 13 13 16 17 19 22 23 24 24 25 27
Profit before tax 30 46 49 57 58 31 12 19 40 69 49 65
Tax % 26% 31% 31% 33% 33% -17% 26% 25% 26% 21% 24% 25%
22 32 34 38 38 36 9 14 30 54 37 48
EPS in Rs 2.52 3.66 3.92 4.40 4.42 4.14 1.04 1.63 3.42 6.25 4.29 5.57
Dividend Payout % 28% 22% 23% 23% 23% 0% 19% 18% 12% 6% 12% 13%
Compounded Sales Growth
10 Years: 9%
5 Years: 17%
3 Years: 2%
TTM: 6%
Compounded Profit Growth
10 Years: 4%
5 Years: 40%
3 Years: 17%
TTM: 39%
Stock Price CAGR
10 Years: 10%
5 Years: 12%
3 Years: 14%
1 Year: 9%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 8%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 264 288 322 350 378 403 413 424 451 502 535 579
98 96 77 98 200 225 215 280 304 329 294 257
108 115 130 174 187 133 195 242 256 284 317 345
Total Liabilities 487 517 546 639 782 779 840 963 1,028 1,132 1,164 1,199
254 275 271 264 318 304 455 467 459 446 512 503
CWIP 12 10 12 48 103 166 14 13 13 56 2 0
Investments 0 0 0 1 0 0 0 0 11 13 23 24
221 232 262 326 360 309 371 482 545 617 627 672
Total Assets 487 517 546 639 782 779 840 963 1,028 1,132 1,164 1,199

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
26 47 28 33 75 32 83 -13 80 20 105 92
-22 -30 -10 -44 -125 -63 -18 -32 -23 -31 -38 -11
-6 -16 -17 19 44 27 -51 2 -71 -39 -61 -76
Net Cash Flow -1 0 1 8 -7 -4 14 -42 -13 -49 6 4
Free Cash Flow 3 16 15 -12 -52 -35 62 -48 64 -15 72 76
CFO/OP 68% 89% 64% 71% 116% 82% 178% -21% 108% 39% 124% 95%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 47 43 48 57 52 73 97 95 74 87 99 98
Inventory Days 69 108 141 116 130 195 149 128 91 124 120 120
Days Payable 57 71 104 99 97 122 161 145 105 142 165 167
Cash Conversion Cycle 59 80 85 75 84 145 85 77 60 69 54 51
Working Capital Days 10 8 26 31 20 48 22 30 7 16 16 20
ROCE % 9% 14% 13% 14% 12% 7% 5% 7% 10% 10% 10% 11%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Installed Manufacturing Capacity
Metric Tons per Year

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Capacity Utilization
%
EBITDA per kg
INR
Export Revenue Contribution
%
Sales Tonnage
Metric Tons
Segmental Revenue Share - M&HCV
%
Segmental Revenue Share - Tractors
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87%
0.79% 1.05% 0.88% 0.90% 0.82% 0.03% 0.00% 0.06% 0.00% 0.79% 0.45% 0.36%
0.58% 0.58% 0.48% 0.48% 0.48% 0.00% 0.00% 0.00% 0.00% 0.01% 0.11% 0.11%
23.74% 23.49% 23.78% 23.75% 23.83% 25.10% 25.14% 25.06% 25.13% 24.32% 24.56% 24.65%
No. of Shareholders 28,37528,91528,56630,27830,01630,41030,11129,58329,02828,98828,91328,516

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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