NELCO Ltd

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

NELCO Ltd

₹ 866 0.39%
16 Jul - 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 ₹ 1,976 Cr.
  • Current Price ₹ 866
  • High / Low ₹ 994 / 500
  • Stock P/E 331
  • Book Value ₹ 56.5
  • Dividend Yield 0.12 %
  • ROCE 7.21 %
  • ROE 0.46 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 38.0%

Cons

  • Stock is trading at 15.3 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 9.18% 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
78.80 76.65 83.24 81.61 74.08 82.55 80.72 67.52 74.79 74.33 78.30 79.18 80.03
64.36 62.74 66.92 66.89 61.76 71.71 68.54 61.08 67.05 66.86 70.48 73.71 71.71
Operating Profit 14.44 13.91 16.32 14.72 12.32 10.84 12.18 6.44 7.74 7.47 7.82 5.47 8.32
OPM % 18.32% 18.15% 19.61% 18.04% 16.63% 13.13% 15.09% 9.54% 10.35% 10.05% 9.99% 6.91% 10.40%
0.38 0.44 1.13 0.88 0.16 1.19 1.57 2.64 0.76 1.31 -3.09 1.93 1.20
Interest 1.54 1.68 1.91 1.44 1.08 1.41 1.51 1.52 1.18 1.52 1.44 0.73 1.27
Depreciation 5.22 5.12 5.85 5.95 5.29 5.18 5.26 6.43 4.92 5.09 5.02 4.92 5.12
Profit before tax 8.06 7.55 9.69 8.21 6.11 5.44 6.98 1.13 2.40 2.17 -1.73 1.75 3.13
Tax % 28.91% 24.64% 36.53% 25.70% 25.37% 24.63% 29.08% 461.06% 25.00% 25.35% -31.21% 37.71% 25.24%
5.73 5.69 6.15 6.10 4.56 4.10 4.95 -4.08 1.80 1.62 -1.19 1.09 2.34
EPS in Rs 2.51 2.49 2.70 2.67 2.00 1.80 2.17 -1.79 0.79 0.71 -0.52 0.48 1.03
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 TTM
123 200 144 150 191 220 226 260 313 320 305 307 312
124 178 125 124 155 170 181 209 252 260 262 278 283
Operating Profit -1 22 18 25 36 50 45 51 62 60 43 29 29
OPM % -1% 11% 13% 17% 19% 23% 20% 19% 20% 19% 14% 9% 9%
19 5 5 6 4 4 3 5 3 3 5 1 1
Interest 7 13 8 6 7 13 10 8 9 7 6 5 5
Depreciation 9 11 8 9 13 20 22 25 28 22 22 20 20
Profit before tax 2 2 7 15 20 20 16 23 28 34 20 5 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 4
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 1.70
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: 2%
Compounded Profit Growth
10 Years: -5%
5 Years: -45%
3 Years: -69%
TTM: -12%
Stock Price CAGR
10 Years: 25%
5 Years: 18%
3 Years: 1%
1 Year: -2%
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% 80%

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

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Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Market share in VSAT industry (installed base)
%

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Number of operational locations in India
count
Cumulative VSAT installed base
terminals
Market share in VSAT industry (revenue)
%
Number of teleports / VSAT hubs
count
IFMC (In-Flight & Maritime Connectivity) revenue share
% of total revenue
VSAT installations added during the year
terminals
Bandwidth / recurring services revenue share
% of total revenue ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

37 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
4.44% 4.51% 4.54% 4.80% 4.64% 5.41% 4.83% 4.64% 4.57% 4.61% 4.73% 5.62%
0.09% 0.08% 0.05% 0.05% 0.05% 0.14% 0.13% 0.12% 0.16% 0.16% 0.26% 0.05%
0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%
45.13% 45.07% 45.08% 44.82% 44.99% 44.13% 44.72% 44.91% 44.94% 44.89% 44.67% 43.99%
No. of Shareholders 70,53469,07772,70372,95266,82367,64569,80970,29972,45171,85971,66069,141

* 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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