MarketFriction

NELCO Ltd

NSE NELCO · BSE 504112 · Computers Hardware & Equipments
₹889.20 -2.77%
NSE close2026-10-01
52 week range500.10 - 1,120.00
Market cap₹2,104 Cr.
P/E352
Price band 20% Delivery 55.2%

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
Sales76.6583.2481.6174.0882.5580.7267.5274.7974.3378.3079.1880.03
Expenses62.7466.9266.8961.7671.7168.5461.0867.0566.8670.4873.7171.71
Operating Profit13.9116.3214.7212.3210.8412.186.447.747.477.825.478.32
OPM %18.15%19.61%18.04%16.63%13.13%15.09%9.54%10.35%10.05%9.99%6.91%10.40%
Other Income0.441.130.880.161.191.572.640.761.31-3.091.931.20
Interest1.681.911.441.081.411.511.521.181.521.440.731.27
Depreciation5.125.855.955.295.185.266.434.925.095.024.925.12
Profit before tax7.559.698.216.115.446.981.132.402.17-1.731.753.13
Tax %24.64%36.53%25.70%25.37%24.63%29.08%461.06%25.00%25.35%-31.21%37.71%25.24%
Net Profit5.696.156.104.564.104.95-4.081.801.62-1.191.092.34
EPS in Rs2.492.702.672.001.802.17-1.790.790.71-0.520.481.03
Mar 2016 18mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales200144150191220226260313320305307312
Expenses178125124155170181209252260262278283
Operating Profit221825365045516260432929
OPM %11%13%17%19%23%20%19%20%19%14%9%9%
Other Income556443533511
Interest138671310897655
Depreciation1189132022252822222020
Profit before tax27152020162328342055
Tax %-0%9%20%-11%29%22%31%29%29%52%28%
Net Profit26122214121620241034
EPS in Rs0.972.755.319.776.305.427.058.7010.374.181.451.70
Dividend Payout %-0%-0%-0%15%19%22%26%23%21%24%69%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth4%6%-1%2%
Compounded Profit Growth-5%-45%-69%-12%
Stock Price CAGR27%5%6%9%
Return on Equity18%13%9%0%
Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232323232323232323232323
Reserves-6-7-1113343536682101105106
Borrowings6685575082121908163575373
Other Liabilities635552789993729395102107146
Total Liabilities146156131162237280238263262282287347
Fixed Assets352836518711710811095877877
CWIP363517343110941
Investments895600000444
Other Assets9911387101134160126150165181197225
Total Assets146156131162237280238263262282287347
Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity33338322133545158452015
Cash from Investing Activity-7-8-3-14-45-40-8-18-25-19-17-21
Cash from Financing Activity-245-40-12254-47-19-33-20-1111
Net Cash Flow10-562-2-11416-86
Free Cash Flow25-72215-25-15453333293-6
CFO/OP-3,159%54%179%137%70%86%98%101%103%104%81%80%
Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days11479851341151171021099697128123
Inventory Days1456913017685123148129153268415360
Days Payable341268340644391443455437324364632411
Cash Conversion Cycle-81-120-125-334-191-203-205-198-750-9072
Working Capital Days-131-94-116-109-89-11922-369-120-54
ROCE %5%15%17%26%25%20%14%18%22%23%14%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.09%50.09%50.09%50.09%50.09%50.09%50.09%50.09%50.09%50.09%50.09%50.09%
FIIs4.44%4.51%4.54%4.80%4.64%5.41%4.83%4.64%4.57%4.61%4.73%5.62%
DIIs0.09%0.08%0.05%0.05%0.05%0.14%0.13%0.12%0.16%0.16%0.26%0.05%
Government0.25%0.25%0.25%0.25%0.25%0.25%0.25%0.25%0.25%0.25%0.25%0.25%
Public45.13%45.07%45.08%44.82%44.99%44.13%44.72%44.91%44.94%44.89%44.67%43.99%
No. of Shareholders70,53469,07772,70372,95266,82367,64569,80970,29972,45171,85971,66069,141

Fundamentals

Market Cap₹ 2,104 Cr.
Current Price₹ 922
Stock P/E352
Book Value₹ 56.5
ROCE7.21 %
ROE0.46 %
Dividend Yield0.11 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)-12%
Consolidated figures.
Valuation
Market capRs 2,029 Cr
Enterprise valueRs 2,082 Cr
P/E (TTM)525.65x
Price to book15.75x
Price to sales6.51x
EV / EBITDA68.41x
EV / EBIT202.49x
EV / sales6.68x
Price to cash flow132.96x
Earnings yield0.19%
Dividend yield0.11%
P/E, 3-year average210.08x
P/B, 3-year average12.61x
P/E, 5-year average158.29x
P/B, 5-year average13.50x
Profitability
Operating margin (excl. other income)9.49%
Operating margin (incl. other income)9.77%
EBITDA margin9.76%
Pre-tax margin1.71%
Net profit margin1.24%
Net margin, latest quarter2.92%
ROE2.59%
ROCE5.23%
ROA1.05%
ROE, 3-year average10.31%
ROCE, 3-year average14.32%
ROA, 3-year average4.36%
ROE, 5-year average14.18%
ROCE, 5-year average16.56%
ROA, 5-year average5.41%
ROIC (approx.)4.10%
Tax rate27.67%
Other income / net worth0.66%
Growth
Sales growth (latest year)0.57%
Profit growth (latest year)-65.16%
Sales CAGR, 3 years-0.72%
Sales CAGR, 5 years6.28%
Profit CAGR, 3 years-44.90%
Profit CAGR, 5 years-23.12%
Sales growth QoQ1.07%
Profit growth QoQ114.68%
Sales growth YoY (latest quarter)7.01%
Profit growth YoY (latest quarter)30.00%
Per share
EPS (TTM)Rs 1.69
EPS (latest year)Rs 1.46
EPS (latest quarter)Rs 1.03
EPS, 3-year averageRs 5.33
EPS, 5-year averageRs 6.35
Book value per shareRs 56.46
Sales per shareRs 136.66
Cash flow per shareRs 6.69
Free cash flow per shareRs -2.63
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.40
Dividend per share, 5-year averageRs 1.60
Dividends
Dividend payout68.67%
Dividend payout, 3-year average37.94%
Dividend payout, 5-year average32.47%
Efficiency
Asset turnover0.88x
Fixed asset turnover4.00x
Inventory turnover4.67x
Inventory days78 days
Debtor days123 days
Debtors turnover2.96x
Creditor days411 days
Cash conversion cycle72 days
Working capital days-54 days
Leverage
Total debtRs 73 Cr
Cash and bankRs 20 Cr
Net debtRs 53 Cr
Debt to equity0.57x
Net debt / EBITDA1.73x
Interest coverage2.07x
Current ratio (filing 2026-03-31)0.88x
Quick ratio (filing 2026-03-31)0.70x
Trade payables (filing 2026-03-31)Rs 41 Cr
Owners' fund to total sources37.09%
Debt to assets20.97%
Cash flow
Cash from Operating Activity (latest year)Rs 15 Cr
Cash from Investing Activity (latest year)Rs -21 Cr
Cash from Financing Activity (latest year)Rs 11 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs -6 Cr
FCFE (approx.: FCF + change in debt)Rs 14 Cr
Cash from ops / profit, 5 years2.59x
Sales to cash flow20.09x
Statement figures
Net sales (TTM)Rs 312 Cr
Net sales (latest year)Rs 307 Cr
Sales (latest quarter)Rs 80 Cr
Operating profit excl. other income (latest year)Rs 29 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 30 Cr
PBDT (TTM)Rs 25 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 20 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 169 Cr
Total expenditure (latest year)Rs 278 Cr
Total income (latest year)Rs 307 Cr
Share capitalRs 23 Cr
ReservesRs 106 Cr
Shareholders' fundsRs 129 Cr
Total assetsRs 347 Cr
Net blockRs 77 Cr
Capital work in progressRs 41 Cr
InvestmentsRs 4 Cr
ReceivablesRs 104 Cr
InventoryRs 36 Cr
Other liabilitiesRs 146 Cr
Shares outstanding (crore)2.28
Ownership
Promoter holding50.09% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 15.75 is at the 49th percentile (median 15.85).
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.
PeriodNELCONifty 50Difference
1 week-10.5%-2.8% -7.7 pts
1 month-3.8%-6.8% +3.0 pts
3 months-4.3%-7.6% +3.3 pts
6 months+75.7%+0.4% +75.3 pts
1 year+0.0%-9.9% +9.9 pts
2 years-17.6%-13.6% -4.0 pts
3 years+13.3%+14.2% -0.8 pts
5 years+17.6%+27.9% -10.3 pts

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 39% while net profit fell in 2026
lookAuditor change Auditor change 2026-07-16: NELCO Limited has informed the Exchange regarding Change in Auditors of the company.
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 ₹80 Cr +7.0% vs Jun 2025. Net profit ₹2 Cr +30.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-09Dividend - Rs 1 Per Share
2025-06-09Dividend - Re 1 Per Share
2024-06-10Dividend - Rs 2.20 Per Share
2023-06-06Dividend - Rs 2 Per Share
2022-06-21Annual General Meeting/Dividend - Rs 1.8 Per Share
2021-06-07 Dividend - Rs 1.20 Per Share
2020-08-04 Annual General Meeting/Dividend - Rs 1.20 Per Share
2019-07-15 Annual General Meeting/ Dividend - Rs 1.50 Per Share
2018-07-09 Annual General Meeting
2017-09-08 Annual General Meeting
2016-07-08 Annual General Meeting
2015-01-14Annual General Meeting
2014-01-06Annual General Meeting
2013-01-04Annual General Meeting/Dividend Re 0.50 Per Share
2012-01-11Annual General Meeting
2011-01-07Annual General Meeting/Final Dividend Re.1/- Per Share/Special Dividend Re.1/- Per Share
2009-12-31Agm/Div-Re.0.60 Per Share
2008-07-18Annual General Meeting
2007-08-01Agm
2006-12-07Agm
DateTypeWhat it says
2026-08-26Credit Rating- RevisionCredit Rating- Revision (Chang in Outlook)
2026-08-17General UpdatesStrategic Investment in Lunar Holdco, Inc.
2026-07-16Change in AuditorsChange in Auditors of the company.
2026-07-16Board meeting outcomeNELCO Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-24Shareholder meetingProceedings of Annual General Meeting held on Jun 24, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with vo...
2026-06-23Change in ManagementChange in Senior Management Personnel
2026-06-23ResignationResignation of Director/KMP/SMP
2026-06-13Shareholder meetingVoting results.
2026-06-01UpdatesBusiness Responsibility and Sustainability Report for FY 2025-26.
2026-06-01Shareholder meetingNotice of Annual General Meeting to be held on Jun 24, 2026
2026-05-29Change in ManagementChange in Designation of Senior Management Personnel
2026-05-14Shareholder meetingNotice of Postal Ballot
2026-05-13UpdatesCommunication to Shareholders - Intimation on Tax Deduction on Dividend.
2026-05-11Record DateRecord date for the purpose of Dividend is 09-Jun-2026.
2026-05-01Board meeting outcomeOutcome of Board Meeting held on May 01, 2026.
2026-05-01Board meeting outcomeOutcome of Board Meeting held on May 01, 2026.
2026-04-20DividendBoard of Directors at its meeting held on April 20, 2026, recommended Dividend of Re. 1 per equity share.
2026-04-20Board meeting outcomeNELCO Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-20UpdatesIntimation of appointment of Internal Auditor of wholly-owned subsidiary of the Company...
2026-04-17Disclosure under SEBI TakeovThe Tata Power Company Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India...
2026-03-12UpdatesReminder Letter to shareholders for claiming unclaimed dividends.
2026-03-11UpdatesUpdate on Tax litigations.
2026-02-21UpdatesIntimation of Appointment of Internal Auditor.
2026-01-30UpdatesClarification on Media Reports Regarding UL GMPCS Application.
2026-01-15Board meeting outcomeNELCO Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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.
High low price variation greater than 100perc in previous 6 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of NELCO Ltd?

NELCO Ltd (NELCO) has a market capitalisation of Rs 2,104 Cr. at the 2026-10-01 close.

What is the P/E ratio of NELCO Ltd?

NELCO Ltd trades at a P/E of 352 on trailing twelve-month profit, at the 2026-10-01 close.

What were NELCO Ltd's latest quarterly results?

In the Jun 2026 quarter, NELCO Ltd sales was Rs 80 Cr (+7.0% vs Jun 2025) and net profit was Rs 2 Cr.

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

The 52-week high is Rs 1,120.00 and the 52-week low is Rs 500.10.

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