MarketFriction

Neelkanth Ltd

BSE 512565 · Trading & Distributors
₹40.60 +1.63%
BSE close2026-09-30
Market cap₹16.1 Cr.
P/E35.0

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2.012.001.030.001.740.642.560.001.911.370.001.16
Expenses1.921.730.910.091.760.652.300.091.701.340.081.04
Operating Profit0.090.270.12-0.09-0.02-0.010.26-0.090.210.03-0.080.12
OPM %4.48%13.50%11.65%-1.15%-1.56%10.16%10.99%2.19%10.34%
Other Income0.000.020.020.010.000.000.000.000.000.560.030.00
Interest0.010.010.010.010.010.020.000.010.020.020.020.01
Depreciation0.030.030.030.030.030.030.040.040.040.040.030.02
Profit before tax0.050.250.10-0.12-0.06-0.060.22-0.140.150.53-0.100.09
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%22.64%70.00%22.22%
Net Profit0.050.250.11-0.11-0.06-0.050.23-0.150.150.41-0.170.07
EPS in Rs0.110.570.25-0.25-0.14-0.110.52-0.340.340.93-0.390.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1.241.263.234.642.702.345.213.175.724.943.284.44
Expenses2.081.543.044.622.652.234.382.865.304.793.224.16
Operating Profit-0.84-0.280.190.020.050.110.830.310.420.150.060.28
OPM %-67.74%-22.22%5.88%0.43%1.85%4.70%15.93%9.78%7.34%3.04%1.83%6.31%
Other Income1.140.440.010.200.170.050.080.020.040.010.600.59
Interest0.170.940.960.590.040.100.800.140.050.040.070.07
Depreciation0.120.100.110.250.100.110.110.100.100.110.150.13
Profit before tax0.01-0.88-0.87-0.620.08-0.050.000.090.310.010.440.67
Tax %-7,000.00%-37.50%-31.03%-20.97%12.50%0.00%0.00%0.00%0.00%40.91%
Net Profit0.71-0.55-0.60-0.480.07-0.05-0.060.090.300.010.250.46
EPS in Rs1.61-1.25-1.36-1.090.16-0.11-0.140.200.680.020.571.04
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%7%1%-10%
Compounded Profit Growth16%43%31%1633%
Stock Price CAGR15%50%-10%-24%
Return on Equity-2%1%2%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.364.364.364.364.364.364.364.364.364.364.364.36
Reserves7.354.505.935.354.884.954.904.844.935.235.235.48
Borrowings35.5520.1717.8014.3815.1215.6715.560.620.570.470.360.39
Other Liabilities2.353.883.551.290.540.470.502.730.221.070.160.76
Total Liabilities49.6132.9131.6425.3824.9025.4525.3212.5510.0811.1310.1110.99
Fixed Assets15.661.541.451.331.071.541.431.321.231.121.531.21
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets33.9531.3730.1924.0523.8323.9123.8911.238.8510.018.589.78
Total Assets49.6132.9131.6425.3824.9025.4525.3212.5510.0811.1310.1110.99
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.043.18-0.44-1.72-0.370.070.2415.96-0.120.070.84-0.35
Cash from Investing Activity0.0310.781.416.000.21-0.580.000.01-0.010.00-0.520.20
Cash from Financing Activity0.21-14.22-0.88-4.400.160.51-0.18-15.68-0.11-0.15-0.15-0.04
Net Cash Flow0.27-0.260.10-0.12-0.010.000.060.28-0.25-0.080.17-0.18
Free Cash Flow-0.2217.190.09-1.72-0.16-0.510.2415.96-0.130.070.32-0.15
CFO/OP26%-379%429%-926%-1,800%160%218%1,931%-39%19%553%-600%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days53.6173.5975.3232.776.2917.579.36243.800.00112.95118.2296.81
Inventory Days0.000.000.000.000.000.000.000.00752.62461.29136.271,092.45
Days Payable9.0571.665.6839.56
Cash Conversion Cycle53.6173.5975.3232.776.2917.579.36243.80743.57502.58248.811,149.70
Working Capital Days23.23-1,039.07-4,255.44-1,717.65-1,220.86-2,085.91-2,403.70551.35938.41433.28226.83975.93
ROCE %2.61%-1.60%-0.88%0.34%-0.91%0.41%0.20%4.62%2.34%3.61%0.50%4.76%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.81%70.81%70.81%70.81%70.81%70.81%70.81%70.81%70.81%70.81%70.81%70.81%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public29.18%29.18%29.17%29.17%29.17%29.17%29.18%29.17%29.17%29.17%29.17%29.17%
No. of Shareholders2,2962,2642,2612,2442,3062,3242,3172,3272,3282,3292,3212,330

Fundamentals

Market Cap₹ 16.1 Cr.
Current Price₹ 37.0
Stock P/E35.0
Book Value₹ 22.4
ROCE4.76 %
ROE2.06 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-10%
Compounded Profit Growth (TTM)1633%
Standalone figures.
Valuation
Market capRs 18 Cr
Enterprise valueRs 18 Cr
P/E (TTM)38.47x
Price to book1.80x
Price to sales5.40x
EV / EBITDA20.79x
EV / EBIT24.44x
EV / sales5.51x
Earnings yield2.60%
P/E, 3-year average498.38x
P/B, 3-year average1.50x
P/E, 5-year average395.37x
P/B, 5-year average1.14x
Profitability
Operating margin (excl. other income)1.83%
Operating margin (incl. other income)20.12%
EBITDA margin26.52%
Pre-tax margin20.43%
Net profit margin14.02%
Net margin, latest quarter6.03%
ROE2.57%
ROCE5.05%
ROA2.37%
ROE, 3-year average1.95%
ROCE, 3-year average3.06%
ROA, 3-year average1.76%
ROE, 5-year average1.24%
ROCE, 5-year average2.88%
ROA, 5-year average1.15%
ROIC (approx.)4.27%
Tax rate40.91%
Other income / net worth6.10%
Growth
Sales growth (latest year)-33.60%
Profit growth (latest year)2400.00%
Sales CAGR, 3 years1.14%
Sales CAGR, 5 years6.99%
Profit CAGR, 3 years40.57%
Per share
EPS (TTM)Rs 1.06
EPS (latest year)Rs 0.57
EPS (latest quarter)Rs 0.16
EPS, 3-year averageRs 0.43
EPS, 5-year averageRs 0.27
Book value per shareRs 22.57
Sales per shareRs 7.52
Cash flow per shareRs -0.80
Free cash flow per shareRs -0.34
Efficiency
Asset turnover0.30x
Fixed asset turnover2.71x
Inventory turnover0.34x
Inventory days1085 days
Debtor days97 days
Debtors turnover3.77x
Creditor days40 days
Cash conversion cycle1150 days
Working capital days976 days
Leverage
Total debtRs 0 Cr
Net debtRs 0 Cr
Debt to equity0.04x
Net debt / EBITDA0.45x
Interest coverage10.57x
Owners' fund to total sources89.54%
Debt to assets3.55%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years27.80x
Statement figures
Net sales (TTM)Rs 3 Cr
Net sales (latest year)Rs 3 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 3 Cr
Total income (latest year)Rs 4 Cr
Share capitalRs 4 Cr
ReservesRs 5 Cr
Shareholders' fundsRs 10 Cr
Total assetsRs 11 Cr
Net blockRs 1 Cr
ReceivablesRs 1 Cr
InventoryRs 9 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.44
Ownership
Promoter holding70.81% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 38.5 is at the 32th percentile of its own 3.2-year range (median 68.3, low 13.1, high 256.2).
P/B 1.80 is at the 70th percentile (median 0.84).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period512565Nifty 50Difference
1 week+29.0%-2.8% +31.8 pts
1 month+10.0%-6.8% +16.8 pts
3 months-1.3%-7.6% +6.3 pts
3 years-23.3%+14.2% -37.4 pts
5 years+645.0%+27.9% +617.1 pts

Red flags

F-score 4 of 8
lookInventory outrunning sales Inventory grew 410% vs sales -34% in 2026
lookProfit leans on other income Other income was 136% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1 Cr. Net profit ₹0 Cr +146.7%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Neelkanth Ltd?

Neelkanth Ltd (512565) has a market capitalisation of Rs 16.1 Cr. at the 2026-09-30 close.

What is the P/E ratio of Neelkanth Ltd?

Neelkanth Ltd trades at a P/E of 35.0 on trailing twelve-month profit, at the 2026-09-30 close.

What were Neelkanth Ltd's latest quarterly results?

In the Jun 2026 quarter, Neelkanth Ltd sales was Rs 1 Cr and net profit was Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03