NELCO Ltd

₹ 795 0.53%
08 Dec 9:24 a.m.
About

Nelco, a part of Tata Group, started in 1940 as a electronics company. Nelco offers solutions in areas of VSAT connectivity, Satcom Projects
and Integrated Security & Surveillance Solutions[1]

  • Market Cap 1,815 Cr.
  • Current Price 795
  • High / Low 1,090 / 515
  • Stock P/E 104
  • Book Value 41.0
  • Dividend Yield 0.23 %
  • ROCE 17.9 %
  • ROE 19.0 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 19.3%
  • Company has been maintaining a healthy dividend payout of 22.2%

Cons

  • Stock is trading at 19.3 times its book value

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
53.58 56.36 61.23 49.52 53.22 58.55 64.83 55.10 61.22 72.06 71.69 81.68 75.44
43.51 42.81 45.67 39.49 43.14 47.07 51.55 42.97 49.74 57.78 59.00 66.64 61.09
Operating Profit 10.07 13.55 15.56 10.03 10.08 11.48 13.28 12.13 11.48 14.28 12.69 15.04 14.35
OPM % 18.79% 24.04% 25.41% 20.25% 18.94% 19.61% 20.48% 22.01% 18.75% 19.82% 17.70% 18.41% 19.02%
1.05 0.74 0.46 0.80 0.92 0.29 0.83 1.52 0.24 1.44 1.54 0.29 0.74
Interest 3.09 3.44 3.67 2.94 2.45 2.22 1.92 1.82 1.66 2.07 1.98 2.38 2.09
Depreciation 5.00 5.10 5.35 5.40 5.46 5.55 5.89 5.71 5.52 6.40 7.02 6.28 6.71
Profit before tax 3.03 5.75 7.00 2.49 3.09 4.00 6.30 6.12 4.54 7.25 5.23 6.67 6.29
Tax % 49.50% 36.52% 16.86% 26.10% 28.16% 4.50% 28.89% 28.43% 25.11% 27.45% 42.07% 29.24% 28.93%
Net Profit 1.53 3.65 5.82 1.84 2.22 3.82 4.48 4.38 3.40 5.26 3.03 4.72 4.47
EPS in Rs 0.67 1.60 2.55 0.81 0.97 1.67 1.96 1.92 1.49 2.31 1.33 2.07 1.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
158 132 161 135 123 200 144 150 191 220 226 260 301
216 137 147 133 124 178 125 124 155 170 181 209 245
Operating Profit -58 -6 13 2 -1 22 18 25 36 50 45 51 56
OPM % -36% -4% 8% 1% -1% 11% 13% 17% 19% 23% 20% 19% 19%
108 5 5 0 19 5 5 6 4 4 3 5 4
Interest 15 8 9 10 7 13 8 6 7 13 10 8 9
Depreciation 7 8 9 9 9 11 8 9 13 20 22 25 26
Profit before tax 29 -16 1 -17 2 2 7 15 20 20 16 23 25
Tax % 25% 4% 19% 2% 24% -0% 9% 20% -11% 29% 22% 31%
Net Profit 22 -16 1 -17 2 2 6 12 22 14 12 16 17
EPS in Rs 9.81 -6.81 0.45 -7.29 0.85 0.97 2.75 5.31 9.77 6.30 5.42 7.05 7.67
Dividend Payout % 20% -0% 111% -0% -0% -0% -0% -0% 15% 19% 22% 26%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: 11%
TTM: 26%
Compounded Profit Growth
10 Years: 11%
5 Years: 20%
3 Years: -11%
TTM: 9%
Stock Price CAGR
10 Years: 31%
5 Years: 46%
3 Years: 51%
1 Year: 7%
Return on Equity
10 Years: 16%
5 Years: 26%
3 Years: 19%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
23 23 23 23 23 23 23 23 23 23 23 23 23
Reserves 26 10 10 -7 -6 -7 -1 11 33 43 53 66 71
73 53 89 81 66 85 57 50 82 121 90 81 89
76 89 62 67 63 55 52 78 99 93 72 93 106
Total Liabilities 197 175 183 164 146 156 131 162 237 280 238 263 289
37 42 39 37 35 28 36 51 87 117 108 110 101
CWIP 2 1 0 1 3 6 3 5 17 3 4 3 5
Investments 7 8 8 8 8 9 5 6 0 0 0 0 0
151 125 137 118 99 113 87 101 134 160 126 150 183
Total Assets 197 175 183 164 146 156 131 162 237 280 238 263 289

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-37 42 -27 26 33 3 38 32 21 33 54 49
-8 -10 -6 -8 -7 -8 -3 -14 -45 -40 -8 -16
35 -31 31 -18 -24 5 -40 -12 25 4 -47 -20
Net Cash Flow -10 0 -2 -1 1 0 -5 6 2 -2 -1 14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 258 184 173 152 114 79 85 134 115 117 102 109
Inventory Days 72 118 103 132 145 69 130 176 85 123 148 129
Days Payable 161 362 187 292 341 268 340 644 391 443 455 437
Cash Conversion Cycle 170 -60 88 -8 -81 -120 -125 -334 -191 -203 -205 -198
Working Capital Days 159 100 152 98 53 52 17 -15 -24 -1 22 21
ROCE % -7% -11% 7% -6% 5% 15% 17% 26% 25% 20% 14% 18%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09
1.55 1.55 1.55 1.55 1.55 1.75 3.07 3.22 3.22 3.36 3.34 7.26
4.43 4.27 4.13 3.86 3.86 3.86 0.05 3.86 3.86 3.85 3.86 0.05
0.31 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
43.62 43.84 43.99 44.26 44.26 44.06 46.55 42.59 42.59 42.45 42.47 42.36

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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