NELCO Ltd

About [ edit ]

NELCO is engaged in the Business of Network Systems and Automation & Control.

  • Market Cap 582 Cr.
  • Current Price 255
  • High / Low 278 / 173
  • Stock P/E 81.0
  • Book Value 24.6
  • Dividend Yield 0.47 %
  • ROCE 14.0 %
  • ROE 13.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.39%
  • Company has been maintaining a healthy dividend payout of 25.82%

Cons

  • Stock is trading at 10.37 times its book value
  • The company has delivered a poor sales growth of -22.02% over past five years.
  • Earnings include an other income of Rs.4.20 Cr.
  • Company has high debtors of 239.88 days.
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
8.18 8.24 8.35 8.80 9.18 9.19 9.79 10.17 9.31 9.22 9.48 10.41
7.78 7.78 6.11 7.47 7.23 6.89 7.54 7.81 7.98 7.12 7.73 8.54
Operating Profit 0.40 0.46 2.24 1.33 1.95 2.30 2.25 2.36 1.33 2.10 1.75 1.87
OPM % 4.89% 5.58% 26.83% 15.11% 21.24% 25.03% 22.98% 23.21% 14.29% 22.78% 18.46% 17.96%
Other Income 3.68 2.49 2.76 1.89 7.07 2.95 2.71 0.73 0.35 1.08 1.44 1.94
Interest 1.00 1.09 1.14 1.16 1.15 1.27 1.58 1.08 0.97 0.77 0.57 0.46
Depreciation 0.18 0.17 0.16 0.42 0.13 0.20 0.14 0.25 0.15 0.14 0.15 0.08
Profit before tax 2.90 1.69 3.70 1.64 7.74 3.78 3.24 1.76 0.56 2.27 2.47 3.27
Tax % -0.00% -468.64% 7.84% -9.76% 11.37% 18.52% 36.73% 3.98% 48.21% 28.63% -34.01% 40.06%
Net Profit 2.90 9.61 3.41 1.80 6.86 3.08 2.05 1.69 0.29 1.62 3.31 1.96
EPS in Rs 1.27 4.21 1.49 0.79 3.01 1.35 0.90 0.74 0.13 0.71 1.45 0.86

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
340.44 139.46 111.33 139.11 109.72 91.73 133.21 25.69 31.90 33.57 38.33 38.42
317.27 148.61 121.08 128.95 111.86 94.75 119.32 26.83 30.64 29.14 29.47 30.76
Operating Profit 23.17 -9.15 -9.75 10.16 -2.14 -3.02 13.89 -1.14 1.26 4.43 8.86 7.66
OPM % 6.81% -6.56% -8.76% 7.30% -1.95% -3.29% 10.43% -4.44% 3.95% 13.20% 23.12% 19.94%
Other Income 19.34 56.39 4.97 5.32 1.02 15.62 6.09 14.98 13.90 10.82 13.46 4.20
Interest 21.03 14.45 7.99 8.81 9.55 6.19 11.58 6.87 4.78 4.39 5.08 2.77
Depreciation 8.33 4.37 4.77 5.58 5.69 5.13 7.07 0.30 0.61 0.93 0.72 0.52
Profit before tax 13.15 28.42 -17.54 1.09 -16.36 1.28 1.33 6.67 9.77 9.93 16.52 8.57
Tax % 75.06% 24.70% 5.76% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -78.45% 17.19% 16.22%
Net Profit 3.28 21.40 -16.53 1.09 -16.37 1.29 1.33 6.67 9.77 17.72 13.68 7.18
EPS in Rs 1.44 9.38 -7.24 0.48 -7.17 0.57 0.58 2.92 4.28 7.77 6.00 3.15
Dividend Payout % 41.74% 21.33% -0.00% 104.68% -0.00% -0.00% -0.00% -0.00% -0.00% 19.32% 20.02% 38.14%
Compounded Sales Growth
10 Years:-12%
5 Years:-22%
3 Years:6%
TTM:0%
Compounded Profit Growth
10 Years:9%
5 Years:96%
3 Years:-9%
TTM:-21%
Stock Price CAGR
10 Years:14%
5 Years:22%
3 Years:-2%
1 Year:25%
Return on Equity
10 Years:2%
5 Years:29%
3 Years:25%
Last Year:13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
22.82 22.82 22.82 22.82 22.82 22.82 22.82 22.82 22.82 22.82 22.82 22.82
Reserves 3.32 19.40 2.87 2.63 -13.74 -12.45 -14.32 -7.90 1.69 19.20 28.54 33.26
Borrowings 96.29 72.88 53.23 87.92 77.54 62.73 79.45 50.00 35.22 32.69 37.34 17.26
131.90 71.56 85.34 57.42 59.78 49.62 41.11 39.39 57.34 112.53 120.03 113.91
Total Liabilities 254.33 186.66 164.26 170.79 146.40 122.72 129.06 104.31 117.07 187.24 208.73 187.25
21.84 20.88 26.15 23.91 22.50 23.12 14.95 18.55 3.18 2.62 2.43 2.24
CWIP 0.36 0.25 0.15 0.08 0.57 0.18 0.52 2.85 -0.00 0.22 -0.00 -0.00
Investments 1.98 1.98 1.98 1.98 1.99 2.12 7.04 6.18 6.19 5.07 5.07 5.07
230.15 163.55 135.98 144.82 121.34 97.30 106.55 76.73 107.70 179.33 201.23 179.94
Total Assets 254.33 186.66 164.26 170.79 146.40 122.72 129.06 104.31 117.07 187.24 208.73 187.25

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4.15 -40.93 40.65 -28.71 21.87 24.14 0.93 26.55 16.96 11.92 10.89 35.16
9.84 -4.68 -9.11 -3.23 -2.54 -0.31 -2.56 9.04 -3.30 -37.46 -20.41 2.54
-11.40 35.22 -31.45 29.82 -20.32 -24.13 5.05 -41.06 -9.91 26.47 4.68 -35.53
Net Cash Flow 2.59 -10.39 0.09 -2.12 -0.99 -0.29 3.42 -5.47 3.75 0.93 -4.84 2.17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 20.32% -7.56% -12.77% 7.57% -6.52% 3.24% 14.05% 13.95% 22.93% 21.30% 19.58% 14.00%
Debtor Days 162.12 290.15 214.48 190.86 171.59 146.39 107.88 436.89 99.55 106.99 146.93 239.88
Inventory Turnover 7.33 3.24 3.65 3.81 2.74 2.23 3.84 0.09 0.15

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09
2.27 1.31 1.32 1.55 1.55 1.55 1.55 1.55 1.55 1.55 1.55 1.75
4.01 3.91 3.87 4.40 4.64 4.51 4.43 4.27 4.13 3.86 3.86 3.86
0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.25 0.25 0.25 0.25 0.25
43.32 44.38 44.40 43.64 43.41 43.54 43.62 43.84 43.99 44.26 44.26 44.06

Documents