NELCO Ltd

₹ 667 -1.83%

24 Apr - close price

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 3,105
Book Value ₹ 56.5
Dividend Yield 0.15 %
ROCE 6.95 %
ROE 0.38 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company has been maintaining a healthy dividend payout of 38.0%

Cons

Stock is trading at 11.8 times its book value
The company has delivered a poor sales growth of 6.28% over past five years.
Company has a low return on equity of 9.16% 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

Information Technology Information Technology IT - Hardware Computers Hardware & Equipments

Part of BSE Information Technology BSE 1000

Edit Columns

Loading peers table ...

Detailed Comparison with:

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
	81.98	78.80	76.65	83.24	81.61	74.08	82.55	80.72	67.52	74.79	74.33	78.30	79.18
	65.16	64.36	62.74	66.92	66.89	61.76	71.71	68.54	61.08	67.05	66.86	70.48	73.71
Operating Profit	16.82	14.44	13.91	16.32	14.72	12.32	10.84	12.18	6.44	7.74	7.47	7.82	5.47
OPM %	20.52%	18.32%	18.15%	19.61%	18.04%	16.63%	13.13%	15.09%	9.54%	10.35%	10.05%	9.99%	6.91%
	0.85	0.38	0.44	1.13	0.88	0.16	1.19	1.57	2.64	0.76	1.31	-3.09	1.93
Interest	2.07	1.54	1.68	1.91	1.44	1.08	1.41	1.51	1.52	1.18	1.52	1.44	0.73
Depreciation	7.95	5.22	5.12	5.85	5.95	5.29	5.18	5.26	6.43	4.92	5.09	5.02	4.92
Profit before tax	7.65	8.06	7.55	9.69	8.21	6.11	5.44	6.98	1.13	2.40	2.17	-1.73	1.75
Tax %	26.01%	28.91%	24.64%	36.53%	25.70%	25.37%	24.63%	29.08%	461.06%	25.00%	25.35%	-31.21%	37.71%
	5.66	5.73	5.69	6.15	6.10	4.56	4.10	4.95	-4.08	1.80	1.62	-1.19	1.09
EPS in Rs	2.48	2.51	2.49	2.70	2.67	2.00	1.80	2.17	-1.79	0.79	0.71	-0.52	0.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	123	200	144	150	191	220	226	260	313	320	305	307
	124	178	125	124	155	170	181	209	252	260	262	278
Operating Profit	-1	22	18	25	36	50	45	51	62	60	43	29
OPM %	-1%	11%	13%	17%	19%	23%	20%	19%	20%	19%	14%	9%
	19	5	5	6	4	4	3	5	3	3	5	1
Interest	7	13	8	6	7	13	10	8	9	7	6	5
Depreciation	9	11	8	9	13	20	22	25	28	22	22	20
Profit before tax	2	2	7	15	20	20	16	23	28	34	20	5
Tax %	24%	-0%	9%	20%	-11%	29%	22%	31%	29%	29%	52%	28%
	2	2	6	12	22	14	12	16	20	24	10	3
EPS in Rs	0.85	0.97	2.75	5.31	9.77	6.30	5.42	7.05	8.70	10.37	4.18	1.45
Dividend Payout %	-0%	-0%	-0%	-0%	15%	19%	22%	26%	23%	21%	24%	69%

Compounded Sales Growth
10 Years:	4%
5 Years:	6%
3 Years:	-1%
TTM:	1%

Compounded Profit Growth
10 Years:	-7%
5 Years:	-47%
3 Years:	-71%
TTM:	-95%

Stock Price CAGR
10 Years:	21%
5 Years:	29%
3 Years:	1%
1 Year:	-18%

Return on Equity
10 Years:	18%
5 Years:	13%
3 Years:	9%
Last Year:	0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	-6	-7	-1	11	33	43	53	66	82	101	105	106
	66	85	57	50	82	121	90	81	63	57	53	73
	63	55	52	78	99	93	72	93	95	102	107	146
Total Liabilities	146	156	131	162	237	280	238	263	262	282	287	347
	35	28	36	51	87	117	108	110	95	87	78	77
CWIP	3	6	3	5	17	3	4	3	1	10	9	41
Investments	8	9	5	6	0	0	0	0	0	4	4	4
	99	113	87	101	134	160	126	150	165	181	197	225
Total Assets	146	156	131	162	237	280	238	263	262	282	287	347

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	33	3	38	32	21	33	54	51	58	45	20	15
	-7	-8	-3	-14	-45	-40	-8	-18	-25	-19	-17	-21
	-24	5	-40	-12	25	4	-47	-19	-33	-20	-11	11
Net Cash Flow	1	0	-5	6	2	-2	-1	14	1	6	-8	6
Free Cash Flow	25	-7	22	15	-25	-15	45	33	33	29	3	-6
CFO/OP	-3,159%	54%	179%	137%	70%	86%	98%	101%	103%	104%	81%	81%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	114	79	85	134	115	117	102	109	96	97	128	123
Inventory Days	145	69	130	176	85	123	148	129	153	268	415	360
Days Payable	341	268	340	644	391	443	455	437	324	364	632	411
Cash Conversion Cycle	-81	-120	-125	-334	-191	-203	-205	-198	-75	0	-90	72
Working Capital Days	-131	-94	-116	-109	-89	-119	22	-36	9	-12	0	-54
ROCE %	5%	15%	17%	26%	25%	20%	14%	18%	22%	23%	14%	7%

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
%

xx	xx	xx	xx	xx	xx	xx	xx
x	x	x	x	x				x	x
xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xx						xx	xx	xx	xx
xx						xx	xx	xx
	xx	xx	xx	xx
xxx			x,xxx				x,xxx	x,xxx
xx								xx	xx

Please log in to see hidden values.

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 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 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	67,242	70,534	69,077	72,703	72,952	66,823	67,645	69,809	70,299	72,451	71,859	71,660

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	50.10%	50.09%	50.09%	50.09%	50.09%	50.09%	50.09%	50.09%	50.09%	50.09%
	0.00%	0.06%	1.55%	1.55%	1.75%	3.36%	4.42%	4.54%	4.83%	4.73%
	4.17%	4.47%	4.40%	4.27%	3.86%	3.85%	0.05%	0.05%	0.13%	0.26%
	0.36%	0.31%	0.31%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%
	45.37%	45.07%	43.64%	43.84%	44.06%	42.45%	45.21%	45.08%	44.72%	44.67%
No. of Shareholders	25,073	22,087	21,128	23,238	30,690	60,256	65,567	72,703	69,809	71,660

* 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.

Click on the line-items to see the names of individual entities.

NELCO Ltd

NELCO Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings