NELCO Ltd

NELCO Ltd

₹ 1,464 6.17%
12 Dec - close price
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 3,346 Cr.
  • Current Price 1,464
  • High / Low 1,495 / 643
  • Stock P/E 160
  • Book Value 55.7
  • Dividend Yield 0.15 %
  • ROCE 23.4 %
  • ROE 20.7 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 23.2%

Cons

  • Stock is trading at 26.3 times its book value
  • The company has delivered a poor sales growth of 10.9% over past five 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
61.22 72.06 71.69 81.68 75.44 74.23 81.98 78.80 76.65 83.24 81.61 74.08 82.55
49.74 57.78 59.15 67.09 61.25 59.10 65.16 64.36 62.74 66.92 66.89 61.76 71.71
Operating Profit 11.48 14.28 12.54 14.59 14.19 15.13 16.82 14.44 13.91 16.32 14.72 12.32 10.84
OPM % 18.75% 19.82% 17.49% 17.86% 18.81% 20.38% 20.52% 18.32% 18.15% 19.61% 18.04% 16.63% 13.13%
0.24 1.44 1.54 0.29 0.74 0.72 0.85 0.38 0.44 0.84 0.88 0.16 1.19
Interest 1.66 2.07 1.83 1.93 1.93 1.80 2.07 1.54 1.68 1.91 1.44 1.08 1.41
Depreciation 5.52 6.40 7.02 6.28 6.71 6.84 7.95 5.22 5.12 5.85 5.95 5.29 5.18
Profit before tax 4.54 7.25 5.23 6.67 6.29 7.21 7.65 8.06 7.55 9.40 8.21 6.11 5.44
Tax % 25.11% 27.45% 42.07% 29.24% 28.93% 30.65% 26.01% 28.91% 24.64% 37.66% 25.70% 25.37% 24.63%
3.40 5.26 3.03 4.72 4.47 5.00 5.66 5.73 5.69 6.15 6.10 4.56 4.10
EPS in Rs 1.49 2.31 1.33 2.07 1.96 2.19 2.48 2.51 2.49 2.70 2.67 2.00 1.80
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2012 Sep 2013 Sep 2014 Mar 2016 18m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
161 135 123 200 144 150 191 220 226 260 313 320 321
147 133 124 178 125 124 155 170 181 209 252 260 267
Operating Profit 13 2 -1 22 18 25 36 50 45 51 62 60 54
OPM % 8% 1% -1% 11% 13% 17% 19% 23% 20% 19% 20% 19% 17%
5 0 19 5 5 6 4 4 3 5 3 3 3
Interest 9 10 7 13 8 6 7 13 10 8 9 7 6
Depreciation 9 9 9 11 8 9 13 20 22 25 28 22 22
Profit before tax 1 -17 2 2 7 15 20 20 16 23 28 34 29
Tax % 19% -2% 24% 0% 9% 20% -11% 29% 22% 31% 29% 29%
1 -17 2 2 6 12 22 14 12 16 20 24 21
EPS in Rs 0.45 -7.29 0.85 0.97 2.75 5.31 9.77 6.30 5.42 7.05 8.70 10.37 9.17
Dividend Payout % 111% 0% 0% 0% 0% 0% 15% 19% 22% 26% 23% 21%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 12%
TTM: 3%
Compounded Profit Growth
10 Years: 13%
5 Years: 1%
3 Years: 25%
TTM: -5%
Stock Price CAGR
10 Years: 33%
5 Years: 45%
3 Years: 26%
1 Year: 84%
Return on Equity
10 Years: 23%
5 Years: 20%
3 Years: 20%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 23 23 23 23 23 23 23 23 23 23 23 23 23
Reserves 10 -7 -6 -7 -1 11 33 43 53 66 82 101 104
89 81 66 85 57 50 82 121 90 81 63 57 51
62 67 63 55 52 78 99 93 72 93 95 102 105
Total Liabilities 183 164 146 156 131 162 237 280 238 263 262 282 283
39 37 35 28 36 51 87 117 108 110 95 87 83
CWIP 0 1 3 6 3 5 17 3 4 3 1 10 9
Investments 8 8 8 9 5 6 0 0 0 0 0 4 4
137 118 99 113 87 101 134 160 126 150 165 181 186
Total Assets 183 164 146 156 131 162 237 280 238 263 262 282 283

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-27 26 33 3 38 32 21 33 54 51 58 45
-6 -8 -7 -8 -3 -14 -45 -40 -8 -18 -25 -19
31 -18 -24 5 -40 -12 25 4 -47 -19 -33 -20
Net Cash Flow -2 -1 1 0 -5 6 2 -2 -1 14 1 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 173 152 114 79 85 134 115 117 102 109 96 97
Inventory Days 103 132 145 69 130 176 85 123 148 129 153 268
Days Payable 187 292 341 268 340 644 391 443 455 437 324 364
Cash Conversion Cycle 88 -8 -81 -120 -125 -334 -191 -203 -205 -198 -75 0
Working Capital Days 152 98 53 52 17 -15 -24 -1 22 21 37 32
ROCE % 7% -6% 5% 15% 17% 26% 25% 20% 14% 18% 22% 23%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09%
3.22% 3.36% 3.34% 7.26% 6.11% 4.42% 4.34% 4.44% 4.51% 4.54% 4.80% 4.64%
3.86% 3.85% 3.86% 0.05% 0.05% 0.05% 0.05% 0.09% 0.08% 0.05% 0.05% 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%
42.59% 42.45% 42.47% 42.36% 43.52% 45.21% 45.28% 45.13% 45.07% 45.08% 44.82% 44.99%
No. of Shareholders 58,45060,25660,35760,27162,61365,56767,24270,53469,07772,70372,95266,823

* 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.

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