Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 247 | 253 | 242 | 275 | 199 | 180 | 214 | 257 | 229 | 156 | 165 | 147 |
| Operating costs | 247 | 254 | 245 | 260 | 189 | 192 | 213 | 245 | 227 | 167 | 169 | 153 |
| EBITDA | 0 | -1 | -3 | 15 | 10 | -12 | 1 | 13 | 2 | -11 | -4 | -6 |
| EBITDA margin % | 0.1% | -0.4% | -1.4% | 6% | 5% | -7% | 0.3% | 4.9% | 1.0% | -7% | -2.6% | -4.3% |
| Depreciation & amortisation | 6 | 6 | 7 | 6 | 6 | 6 | 5 | 6 | 6 | 6 | 5 | 6 |
| Finance costs | 10 | 10 | 10 | 10 | 9 | 9 | 39 | 17 | 18 | 17 | 21 | 20 |
| Non-operating income | 15 | 2 | 0 | 1 | 1 | 0 | 1 | 0 | 15 | 6 | 11 | 11 |
| Pre-tax profit | -1 | -14 | -20 | 1 | -4 | -27 | -42 | -10 | -6 | -29 | -19 | -21 |
| Effective tax rate % | 0% | 0% | -2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Profit after tax | -1 | -14 | -20 | 1 | -4 | -27 | -42 | -10 | -6 | -29 | -19 | -21 |
| Earnings per share (Rs) | -0.43 | -8.68 | -11.94 | 0.35 | -2.61 | -16.18 | -25.10 | -6.15 | -3.70 | -17.39 | -11.76 | -13.01 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 919 | 534 | 705 | 837 | 750 | 620 | 850 | 1,022 | 977 | 868 | 808 | 697 |
| Operating costs | 851 | 501 | 692 | 803 | 719 | 594 | 831 | 1,005 | 975 | 854 | 808 | 716 |
| EBITDA | 68 | 33 | 13 | 34 | 32 | 26 | 19 | 17 | 2 | 14 | -0 | -19 |
| EBITDA margin % | 7% | 6% | 1.8% | 4.1% | 4.2% | 4.2% | 2.2% | 1.6% | 0.2% | 1.6% | -0.0% | -2.8% |
| Depreciation & amortisation | 17 | 25 | 26 | 25 | 26 | 25 | 25 | 26 | 25 | 23 | 22 | 22 |
| Finance costs | 96 | 122 | 142 | 230 | 227 | 206 | 7 | 14 | 42 | 67 | 74 | 77 |
| Non-operating income | 4 | -2 | -7 | 4 | 1 | 197 | 804 | 213 | 18 | 3 | 32 | 43 |
| Pre-tax profit | -42 | -116 | -163 | -217 | -220 | -8 | 791 | 189 | -48 | -73 | -64 | -76 |
| Effective tax rate % | -15% | -19% | -1% | 1% | -1% | 40% | 0% | -30% | 3% | 0% | 0% | |
| Profit after tax | -36 | -94 | -161 | -219 | -219 | -12 | 791 | 246 | -49 | -73 | -64 | -75 |
| Earnings per share (Rs) | -23.67 | -62.77 | -107.41 | -146.30 | -146.14 | -7.71 | 527.25 | 147.45 | -29.47 | -43.54 | -39.08 | -45.86 |
| Paid out as dividend % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | -1% | 5% | -8% | -18% | ||
| Profit CAGR | % | 9% | % | 9% | ||
| Share price CAGR | 7% | % | -21% | -17% | ||
| Average return on equity | % | % | -26% | -43% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 332 | 325 | 745 | 726 | 702 | 680 | 656 | 635 | 573 | 550 | 529 | 509 |
| Capital work in progress | 270 | 292 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current & other assets | 770 | 658 | 473 | 455 | 403 | 392 | 325 | 307 | 360 | 304 | 314 | 296 |
| Total assets | 1,371 | 1,275 | 1,220 | 1,181 | 1,105 | 1,072 | 982 | 942 | 933 | 856 | 851 | 806 |
| Share capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 17 | 17 | 16 | 16 |
| Reserves & surplus | 85 | 50 | -52 | -212 | -431 | -649 | -661 | 129 | 379 | 327 | 233 | 169 |
| Total debt | 795 | 822 | 1,125 | 1,190 | 1,334 | 1,472 | 1,559 | 638 | 377 | 335 | 372 | 406 |
| Other liabilities & provisions | 476 | 389 | 131 | 189 | 188 | 235 | 69 | 160 | 161 | 177 | 229 | 214 |
| Equity + liabilities | 1,371 | 1,275 | 1,220 | 1,181 | 1,105 | 1,072 | 982 | 942 | 933 | 856 | 851 | 806 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -201 | 112 | 9 | 149 | 109 | 41 | 235 | 864 | 340 | 15 | 39 | 3 |
| Investing cash flow | -37 | -29 | -13 | 8 | 5 | -4 | -3 | -5 | -0 | 53 | -10 | 38 |
| Free cash flow (after capex) | -245 | 82 | -10 | 144 | 112 | 38 | 234 | 860 | 336 | 68 | 28 | 40 |
| Financing cash flow | 267 | -115 | 6 | -209 | -118 | -37 | -229 | -862 | -330 | -80 | -30 | -40 |
| Net change in cash | 28 | -31 | 2 | -51 | -4 | -0 | 3 | -3 | 10 | -12 | -1 | 1 |
| Cash conversion (OCF / EBITDA) % | -575% | 167% | 27% | 1,170% | 319% | 132% | 913% | 4,641% | 2,041% | 869% | 280% | -853% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 3% | 6% | 1% | -1% | 1% | 1% | 0% | -1% | -1% | -3% | -1% | -3% |
| Receivable days | 111 | 131 | 141 | 141 | 107 | 115 | 99 | 67 | 37 | 40 | 43 | 44 |
| Inventory days | 47 | 69 | 122 | 65 | 58 | 64 | 74 | 46 | 47 | 37 | 41 | 35 |
| Payable days | 101 | 115 | 90 | 79 | 56 | 59 | 30 | 35 | 41 | 57 | 90 | 81 |
| Cash cycle (days) | 58 | 85 | 173 | 128 | 110 | 119 | 143 | 78 | 42 | 20 | -6 | -1 |
| Working capital days | 52 | 49 | -206 | -263 | -275 | -341 | -358 | -147 | 2 | -23 | -56 | -38 |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter group % | 70.45% | 70.45% | 70.45% | 70.45% | 63.40% | 63.40% | 63.40% | 63.40% | 64.20% | 64.20% | 64.20% | 64.20% |
| Domestic institutions % | 0.00% | 0.00% | 0.00% | 0.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.12% | 10.12% | 10.12% | 10.12% |
| Retail & others % | 29.54% | 29.54% | 29.56% | 29.53% | 26.61% | 26.59% | 26.59% | 26.59% | 25.68% | 25.67% | 25.66% | 25.68% |
| Shareholder count | 4,527 | 4,481 | 4,521 | 4,674 | 4,542 | 4,586 | 4,599 | 4,551 | 4,505 | 4,490 | 4,451 | 4,396 |
Fundamentals
Market value₹ 52.2 Cr.
Last price₹ 31.7
Book value / share₹ 113
Return on capital-3.12 %
Return on equity-42.6 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)-18%
Profit CAGR (TTM)9%
Consolidated figures.
Valuation
Market capRs 47 Cr
Enterprise valueRs 452 Cr
Price to book0.25x
Price to sales0.07x
EV / EBITDA19.11x
EV / EBIT305.34x
EV / sales0.65x
Price to cash flow17.26x
Earnings yield-160.18%
P/B, 3-year average0.31x
P/E, 5-year average0.21x
P/B, 5-year average0.26x
Profitability
Operating margin (excl. other income)-0.04%
Operating margin (incl. other income)3.95%
EBITDA margin3.39%
Pre-tax margin-10.83%
Net profit margin-10.83%
Net margin, latest quarter-14.59%
ROE-29.56%
ROCE1.57%
ROA-7.77%
ROE, 3-year average-22.43%
ROCE, 3-year average-0.03%
ROA, 3-year average-7.25%
ROE, 5-year average-58.13%
ROCE, 5-year average24.05%
ROA, 5-year average17.33%
ROIC (approx.)0.25%
Other income / net worth17.35%
Growth
Sales growth (latest year)-7.00%
Sales CAGR, 3 years-7.54%
Sales CAGR, 5 years5.44%
Sales growth QoQ-11.07%
Sales growth YoY (latest quarter)-42.98%
Per share
EPS (TTM)Rs -45.86
EPS (latest year)Rs -39.08
EPS (latest quarter)Rs -13.01
EPS, 3-year averageRs -37.54
EPS, 5-year averageRs 112.41
Book value per shareRs 112.71
Sales per shareRs 423.39
Cash flow per shareRs 1.66
Efficiency
Asset turnover1.00x
Fixed asset turnover1.59x
Inventory turnover12.71x
Inventory days29 days
Debtor days44 days
Debtors turnover8.31x
Leverage
Total debtRs 406 Cr
Cash and bankRs 1 Cr
Net debtRs 405 Cr
Debt to equity2.19x
Net debt / EBITDA17.12x
Interest coverage0.02x
Owners' fund to total sources23.03%
Debt to assets50.43%
Cash flow
Operating cash flow (latest year)Rs 3 Cr
Investing cash flow (latest year)Rs 38 Cr
Financing cash flow (latest year)Rs -40 Cr
Net change in cash (latest year)Rs 1 Cr
Sales to cash flow295.81x
Statement figures
Net sales (TTM)Rs 697 Cr
Net sales (latest year)Rs 808 Cr
Sales (latest quarter)Rs 147 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Operating profit (latest quarter)Rs -6 Cr
Other income (TTM)Rs 43 Cr
EBITDA (TTM)Rs 24 Cr
PBDT (TTM)Rs -53 Cr
Profit before tax (TTM)Rs -76 Cr
Net profit (TTM)Rs -75 Cr
Net profit (latest year)Rs -64 Cr
Net profit (latest quarter)Rs -21 Cr
Depreciation (TTM)Rs 22 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 77 Cr
Cost of goods sold (latest year)Rs 758 Cr
Total expenditure (latest year)Rs 808 Cr
Total income (latest year)Rs 840 Cr
Share capitalRs 16 Cr
ReservesRs 169 Cr
Shareholders' fundsRs 186 Cr
Total assetsRs 806 Cr
Net blockRs 509 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 97 Cr
InventoryRs 60 Cr
Other liabilitiesRs 214 Cr
Shares outstanding (crore)1.65
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.25 is at the 31th percentile (median 0.30).
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.
| Period | 513629 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.6% | -2.8% | -5.9 pts |
| 1 month | +2.3% | -6.8% | +9.1 pts |
| 3 months | -0.6% | -7.6% | +7.0 pts |
| 3 years | -57.5% | +14.2% | -71.6 pts |
| 5 years | +125.4% | +27.9% | +97.5 pts |
Red flags
F-score 4 of 8| look | Repeated losses Net loss in each of the last two years |
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 2026Sales ₹147 Cr -42.8% vs Jun 2025.
Net loss ₹21 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
| APL Apollo Tubes Ltd | 60,768 | 49.4 | 31.8 % |
| Shyam Metalics & Energy Ltd | 29,979 | 26.7 | 13.0 % |
| Ratnamani Metals & Tubes Ltd | 19,859 | 45.3 | 17.9 % |
| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Aeroflex Industries Ltd | 7,141 | 106 | 18.9 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
| Shivalik Bimetal Controls Ltd | 6,402 | 60.1 | 26.6 % |
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 Tulsyan NEC Ltd?
Tulsyan NEC Ltd (513629) has a market capitalisation of Rs 52.2 Cr. at the 2026-10-01 close.
What were Tulsyan NEC Ltd's latest quarterly results?
In the Jun 2026 quarter, Tulsyan NEC Ltd sales was Rs 147 Cr (-42.8% vs Jun 2025) with a net loss of Rs 21 Cr.