MarketFriction

Nelcast Ltd

NSE NELCAST · BSE 532864 · Castings & Forgings
₹121.03 -1.92%
NSE close2026-10-01
52 week range85.98 - 173.20
Market cap₹1,033 Cr.
P/E25.2
Price band 20% Delivery 47.8%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales358.34320.36295.47300.10330.42291.41329.75331.86298.74329.62368.18341.05
Expenses326.56294.75279.92279.90309.05274.15300.07303.63281.65296.33336.29325.29
Operating Profit31.7825.6115.5520.2021.3717.2629.6828.2317.0933.2931.8915.76
OPM %8.87%7.99%5.26%6.73%6.47%5.92%9.00%8.51%5.72%10.10%8.66%4.62%
Other Income4.2919.914.254.286.325.664.614.144.272.572.994.34
Interest7.897.947.898.388.698.769.479.328.437.916.876.57
Depreciation5.866.406.005.916.106.146.636.456.576.607.386.84
Profit before tax22.3231.185.9110.1912.908.0218.1916.606.3621.3520.636.69
Tax %25.45%18.09%14.38%21.88%23.95%25.44%25.56%24.64%25.16%25.53%25.98%23.17%
Net Profit16.6425.535.077.969.825.9813.5412.504.7615.9015.275.14
EPS in Rs1.912.930.580.911.130.691.561.440.551.831.760.59
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5615757458565676159271,2641,2671,2521,3281,338
Expenses4975106737805185698691,1841,1751,1631,2181,240
Operating Profit6464727648465980928911198
OPM %11%11%10%9%9%8%6%6%7%7%8%7%
Other Income254614591632201414
Interest76371317263132353330
Depreciation131316171922232424252727
Profit before tax464957583112194069496555
Tax %31%31%33%33%-17%26%25%26%21%24%25%
Net Profit32343838369143054374841
EPS in Rs3.663.924.404.424.141.041.633.426.254.295.574.73
Dividend Payout %22%23%23%23%0%19%18%12%6%12%13%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%17%2%4%
Compounded Profit Growth4%40%17%1%
Stock Price CAGR7%6%-10%-7%
Return on Equity7%7%8%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital171717171717171717171717
Reserves264288322350378403413424451502535579
Borrowings98967798200225215280304329294257
Other Liabilities108115130174187133195242256284317345
Total Liabilities4875175466397827798409631,0281,1321,1641,199
Fixed Assets254275271264318304455467459446512503
CWIP121012481031661413135620
Investments0001000011132324
Other Assets221232262326360309371482545617627672
Total Assets4875175466397827798409631,0281,1321,1641,199
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity26472833753283-13802010592
Cash from Investing Activity-22-30-10-44-125-63-18-32-23-31-38-11
Cash from Financing Activity-6-16-17194427-512-71-39-61-76
Net Cash Flow-1018-7-414-42-13-4964
Free Cash Flow31615-12-52-3562-4864-157276
CFO/OP68%89%64%71%116%82%178%-21%108%39%124%95%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days474348575273979574879998
Inventory Days6910814111613019514912891124120120
Days Payable57711049997122161145105142165167
Cash Conversion Cycle5980857584145857760695451
Working Capital Days1082631204822307161620
ROCE %9%14%13%14%12%7%5%7%10%10%10%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%
FIIs1.05%0.88%0.90%0.82%0.03%0.00%0.06%0.00%0.79%0.45%0.36%0.39%
DIIs0.58%0.48%0.48%0.48%0.00%0.00%0.00%0.00%0.01%0.11%0.11%0.12%
Public23.49%23.78%23.75%23.83%25.10%25.14%25.06%25.13%24.32%24.56%24.65%24.62%
No. of Shareholders28,91528,56630,27830,01630,41030,11129,58329,02828,98828,91328,51628,233

Fundamentals

Market Cap₹ 1,033 Cr.
Current Price₹ 119
Stock P/E25.2
Book Value₹ 68.6
ROCE11.4 %
ROE8.43 %
Dividend Yield0.59 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)1%
Consolidated figures.
Valuation
Market capRs 1,053 Cr
Enterprise valueRs 1,225 Cr
P/E (TTM)25.64x
Price to book1.76x
Price to sales0.79x
EV / EBITDA10.92x
EV / EBIT14.45x
EV / sales0.92x
Price to cash flow11.50x
Earnings yield3.90%
Dividend yield0.58%
P/E, 3-year average20.19x
P/B, 3-year average1.71x
P/E, 5-year average24.53x
P/B, 5-year average1.59x
Profitability
Operating margin (excl. other income)8.32%
Operating margin (incl. other income)9.37%
EBITDA margin8.39%
Pre-tax margin4.11%
Net profit margin3.07%
Net margin, latest quarter1.51%
ROE8.43%
ROCE11.46%
ROA4.10%
ROE, 3-year average8.80%
ROCE, 3-year average11.27%
ROA, 3-year average4.13%
ROE, 5-year average7.24%
ROCE, 5-year average9.99%
ROA, 5-year average3.39%
ROIC (approx.)8.23%
Tax rate25.41%
Other income / net worth2.33%
Growth
Sales growth (latest year)6.13%
Profit growth (latest year)29.87%
Sales CAGR, 3 years1.67%
Sales CAGR, 5 years16.65%
Profit CAGR, 3 years17.65%
Profit CAGR, 5 years39.89%
Sales growth QoQ-7.37%
Profit growth QoQ-66.34%
Sales growth YoY (latest quarter)2.77%
Profit growth YoY (latest quarter)-58.88%
Per share
EPS (TTM)Rs 4.72
EPS (latest year)Rs 5.57
EPS (latest quarter)Rs 0.59
EPS, 3-year averageRs 5.37
EPS, 5-year averageRs 4.23
Book value per shareRs 68.58
Sales per shareRs 153.74
Cash flow per shareRs 10.53
Free cash flow per shareRs 8.74
Dividend per share (latest year)Rs 0.70
Dividend per share, 3-year averageRs 0.53
Dividend per share, 5-year averageRs 0.46
Dividends
Dividend payout12.57%
Dividend payout, 3-year average10.21%
Dividend payout, 5-year average12.14%
Efficiency
Asset turnover1.11x
Fixed asset turnover2.64x
Inventory turnover5.31x
Inventory days69 days
Debtor days98 days
Debtors turnover3.73x
Creditor days167 days
Cash conversion cycle51 days
Working capital days20 days
Leverage
Total debtRs 257 Cr
Cash and bankRs 85 Cr
Net debtRs 172 Cr
Debt to equity0.43x
Net debt / EBITDA1.54x
Interest coverage2.85x
Current ratio (filing 2026-03-31)1.31x
Quick ratio (filing 2026-03-31)0.93x
Trade payables (filing 2026-03-31)Rs 266 Cr
Owners' fund to total sources49.77%
Debt to assets21.46%
Cash flow
Cash from Operating Activity (latest year)Rs 92 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs -76 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs 76 Cr
FCFE (approx.: FCF + change in debt)Rs 39 Cr
Cash from ops / profit, 5 years1.55x
Sales to cash flow14.51x
Statement figures
Net sales (TTM)Rs 1,338 Cr
Net sales (latest year)Rs 1,328 Cr
Sales (latest quarter)Rs 341 Cr
Operating profit excl. other income (latest year)Rs 111 Cr
Operating profit (latest quarter)Rs 16 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 112 Cr
PBDT (TTM)Rs 82 Cr
Profit before tax (TTM)Rs 55 Cr
Tax (latest year)Rs 16 Cr
Net profit (TTM)Rs 41 Cr
Net profit (latest year)Rs 48 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 27 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 30 Cr
Cost of goods sold (latest year)Rs 1,013 Cr
Total expenditure (latest year)Rs 1,218 Cr
Total income (latest year)Rs 1,342 Cr
Share capitalRs 17 Cr
ReservesRs 579 Cr
Shareholders' fundsRs 597 Cr
Total assetsRs 1,199 Cr
Net blockRs 503 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 24 Cr
ReceivablesRs 356 Cr
InventoryRs 191 Cr
Other liabilitiesRs 345 Cr
Shares outstanding (crore)8.70
Ownership
Promoter holding74.87% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 25.6 is at the 58th percentile of its own 9.4-year range (median 23.6, low 6.9, high 92.2).
P/B 1.76 is at the 50th percentile (median 1.75).
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.
PeriodNELCASTNifty 50Difference
1 week+11.1%-2.8% +13.9 pts
1 month+4.0%-6.8% +10.8 pts
3 months-15.2%-7.6% -7.6 pts
6 months+5.3%+0.4% +4.9 pts
1 year-15.9%-9.9% -6.0 pts
2 years-14.6%-13.6% -1.0 pts
3 years-26.1%+14.2% -40.2 pts
5 years+32.4%+27.9% +4.5 pts

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
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 ₹341 Cr +2.8% vs Jun 2025. Net profit ₹5 Cr -58.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-20Dividend - Re 0.70 Per Share
2025-07-25Dividend - Re 0.50 Per Share
2024-07-18Annual General Meeting/Dividend - Rs 0.40 Per Share
2023-07-28Annual General Meeting/Dividend - Re 0.40 Per Share
2022-07-26Annual General Meeting/Dividend - Rs 0.30 Per Share
2021-07-30 Annual General Meeting/Dividend - Rs 0.20 Per Share
2020-08-19 Annual General Meeting
2019-07-25 Dividend - Re 1 Per Share
2018-08-06 Annual General Meeting / Dividend- Re 1 Per Share
2017-07-27 Dividend - Re 0.90/- Per Share
2016-07-28 Dividend Re 0.40 Per Share
2016-03-22 Interim Dividend - Re 0.40/- Per Share (Purpose Revised)
2015-07-30Annual General Meeting/ Divided - Re 0.70/- Per Share
2014-07-30Annual General Meeting / Final Dividend - Re 0.70/- Per Share
2013-07-18Annual General Meeting/Dividend Re 0.50 Per Share
2012-07-19Annual General Meeting/Dividend Re 0.80 Per Share
2011-10-24Interim Dividend Re.1/- Per Share (Purpose Revised)
2011-09-06Face Value Split From Rs 10 To Rs 20.2000
2011-07-28Dividend-Rs.3/- Per Share
2011-01-25Special Dividend-Rs.12/- Per Share (Purpose Revised)
2010-07-15Dividend-Rs.1.50 Per Share
2009-07-16Agm/Div-Re.1/- Per Share
2008-05-22Agm/Dividend - 30%
DateTypeWhat it says
2026-09-23Concall / analyst meetSchedule of meet
2026-08-04Concall / analyst meetSchedule of meet
2026-07-30Concall / analyst meetTranscript
2026-07-28Shareholder meetingVoting results.
2026-07-28Concall / analyst meetLink of Recording
2026-07-27Shareholder meetingProceedings of Annual General Meeting held on July 27, 2026
2026-07-27Investor PresentationInvestor Presentation
2026-07-27Press ReleaseA press release dated July 27, 2026, titled "Press Release".
2026-07-27UpdatesReconstitution of Committees..
2026-07-27Board meeting outcomeNelcast Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-07Concall / analyst meetSchedule of meet
2026-07-02General UpdatesGeneral Updates
2026-06-30General UpdatesBusiness Responsibility and Sustainability Report (BRSR) for the year ended 31st March 2026
2026-06-30Shareholder meetingNotice of Annual General Meeting to be held on July 27, 2026
2026-06-05Disclosure under SEBI TakeovP. Deepak has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisi...
2026-05-22Concall / analyst meetTranscript
2026-05-19Concall / analyst meetLink of Recording
2026-05-18Investor PresentationInvestor Presentation
2026-05-18Press ReleaseA press release dated May 18, 2026, titled "Press Release".
2026-05-18Change in ManagementChange in Management
2026-05-18DividendBoard of Directors at its meeting held on May 18, 2026, recommended Final Dividend of Rs. 0.70 per equity share.
2026-05-18Record DateRecord date for the purpose of Annual General Meeting is 20-Jul-2026.
2026-05-18Record DateRecord date for the purpose of Dividend is 20-Jul-2026.
2026-05-18Board meeting outcomeOutcome of Board Meeting held on May 18, 2026.
2026-05-18Board meeting outcomeNelcast Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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 Nelcast Ltd?

Nelcast Ltd (NELCAST) has a market capitalisation of Rs 1,033 Cr. at the 2026-10-01 close.

What is the P/E ratio of Nelcast Ltd?

Nelcast Ltd trades at a P/E of 25.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Nelcast Ltd's latest quarterly results?

In the Jun 2026 quarter, Nelcast Ltd sales was Rs 341 Cr (+2.8% vs Jun 2025) and net profit was Rs 5 Cr.

What is the 52-week high and low of Nelcast Ltd?

The 52-week high is Rs 173.20 and the 52-week low is Rs 85.98.

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