NELCO Ltd

NELCO Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

NELCO Ltd

₹ 667 -1.83%
24 Apr - close price
nelco.in BSE: 504112 NSE: NELCO
About

Incorporated in 1940, Nelco Ltd provides domestic satellite communication services to close user group networks[1]

Key Points

Business Overview:[1][2]
a) Nelco is a subsidiary of Tata Power and an TL9000, ISO 20000-1:2011 and ISO 27001:2013 certified company.
b) Company provides domestic satellite communication services to close user group (CUG) networks via Satellite System on non-exclusive basis within the territorial boundary of India
c) It offers its enterprise & government customers customized solutions in areas of VSAT connectivity, Satcom Projects and Integrated Security & Surveillance Solutions.
d) It connects businesses and remote operations through satellite communication services. In addition, it offers end to end networking solutions (Satcom Projects) and maintenance of private hubs and hybrid networks for its customers, from government to corporates.
e) It helps Government, Defense and Enterprise sectors when it comes to security and surveillance in India.

Website BSE NSE
  • Market Cap ₹ 1,522 Cr.
  • Current Price ₹ 667
  • High / Low ₹ 1,162 / 500
  • Stock P/E 246
  • Book Value ₹ 55.3
  • Dividend Yield 0.15 %
  • ROCE 8.73 %
  • ROE 4.98 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 28.1%

Cons

  • Stock is trading at 12.1 times its book value
  • The company has delivered a poor sales growth of 8.56% over past five years.
  • Company has a low return on equity of 10.5% 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.

Peer comparison

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Part of BSE Information Technology BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
56.28 55.62 53.88 57.97 55.21 53.28 50.38 51.20 50.77 46.87 48.62 49.66 52.55
42.31 44.75 42.71 45.67 46.34 44.27 45.91 42.68 42.63 42.64 42.60 45.02 46.98
Operating Profit 13.97 10.87 11.17 12.30 8.87 9.01 4.47 8.52 8.14 4.23 6.02 4.64 5.57
OPM % 24.82% 19.54% 20.73% 21.22% 16.07% 16.91% 8.87% 16.64% 16.03% 9.02% 12.38% 9.34% 10.60%
0.60 0.35 0.52 0.85 0.64 0.11 0.97 1.41 1.46 0.68 1.14 -1.81 1.61
Interest 0.90 0.55 0.50 0.91 0.53 0.09 0.38 0.57 0.50 0.21 0.34 0.23 0.27
Depreciation 2.93 2.91 3.15 3.38 3.40 3.50 3.27 3.15 2.71 3.13 3.24 3.30 3.11
Profit before tax 10.74 7.76 8.04 8.86 5.58 5.53 1.79 6.21 6.39 1.57 3.58 -0.70 3.80
Tax % 28.21% 28.22% 25.00% 38.04% 25.09% 25.32% 26.26% 29.31% 100.47% 26.11% 24.30% -18.57% 26.58%
7.71 5.57 6.03 5.49 4.18 4.13 1.32 4.39 -0.03 1.16 2.71 -0.57 2.79
EPS in Rs 3.38 2.44 2.64 2.41 1.83 1.81 0.58 1.92 -0.01 0.51 1.19 -0.25 1.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2014 Mar 2016 18m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
92 133 26 32 34 38 131 143 197 223 206 198
100 121 27 31 29 29 108 121 156 179 175 177
Operating Profit -8 12 -1 1 4 9 23 22 41 44 31 20
OPM % -9% 9% -4% 4% 13% 23% 18% 15% 21% 20% 15% 10%
20 8 15 14 11 13 5 3 3 2 4 2
Interest 6 12 7 5 4 5 4 3 4 3 2 1
Depreciation 5 7 0 1 1 1 8 8 11 13 13 13
Profit before tax 1 1 7 10 10 17 16 14 29 30 20 8
Tax % 0% 0% 0% 0% -78% 17% 21% 22% 29% 30% 51% 26%
1 1 7 10 18 14 12 11 21 21 10 6
EPS in Rs 0.57 0.58 2.92 4.28 7.77 6.00 5.38 4.86 9.15 9.32 4.30 2.67
Dividend Payout % 0% 0% 0% 0% 19% 20% 22% 37% 22% 24% 23% 37%
Compounded Sales Growth
10 Years: 4%
5 Years: 9%
3 Years: 0%
TTM: -4%
Compounded Profit Growth
10 Years: 38%
5 Years: -8%
3 Years: -33%
TTM: -37%
Stock Price CAGR
10 Years: 21%
5 Years: 29%
3 Years: 1%
1 Year: -18%
Return on Equity
10 Years: 17%
5 Years: 13%
3 Years: 11%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 23 23 23 23 23 23 23 23 23 23 23 23
Reserves -12 -14 -8 2 19 29 54 62 78 95 100 103
63 79 50 35 33 37 23 29 27 12 10 9
50 41 39 57 113 120 139 45 49 65 51 98
Total Liabilities 123 129 104 117 187 209 239 159 177 195 183 232
23 15 19 3 3 2 42 55 66 66 61 59
CWIP 0 1 3 0 0 0 4 2 1 10 7 39
Investments 2 7 6 6 5 5 0 30 30 33 33 33
97 107 77 108 179 201 193 71 80 86 82 101
Total Assets 123 129 104 117 187 209 239 159 177 195 183 232

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
24 1 27 17 12 11 48 12 40 49 12 22
-0 -3 9 -3 -37 -20 -10 -9 -22 -16 -9 -12
-24 5 -41 -10 26 5 -44 -7 -10 -25 -9 -5
Net Cash Flow -0 3 -5 4 1 -5 -6 -4 8 7 -6 6
Free Cash Flow 18 -4 17 8 -30 -17 32 0 18 35 3 9
CFO/OP -324% 55% -1,915% 1,668% 320% 163% 160% 48% 102% 142% 85% 129%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 146 108 437 100 107 147 59 88 76 62 71 80
Inventory Days 145 69
Days Payable 319 238
Cash Conversion Cycle -27 -61 437 100 107 147 59 88 76 62 71 80
Working Capital Days -143 -116 -513 23 144 146 -4 -54 -6 -33 -7 -80
ROCE % 3% 14% 14% 23% 21% 20% 18% 15% 28% 26% 17% 9%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Market Share in Total Installed Base of VSATs
%

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Number of Satellite Teleports/Gateways
Units
Total Installed Base of VSATs
Units
Market Share in Indian Satcom Industry (Revenue)
%
Growth in Satellite Bandwidth Capacity (YoY)
%
Incremental Market Share in ATM VSAT Deployments
%
International Aircraft Connectivity (Overflights)
Aircraft
Revenue Mix - Service/Bandwidth Usage %
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09%
4.34% 4.44% 4.51% 4.54% 4.80% 4.64% 5.41% 4.83% 4.64% 4.57% 4.61% 4.73%
0.05% 0.09% 0.08% 0.05% 0.05% 0.05% 0.14% 0.13% 0.12% 0.16% 0.16% 0.26%
0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%
45.28% 45.13% 45.07% 45.08% 44.82% 44.99% 44.13% 44.72% 44.91% 44.94% 44.89% 44.67%
No. of Shareholders 67,24270,53469,07772,70372,95266,82367,64569,80970,29972,45171,85971,660

* 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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