Nelcast Limited
NSE: NELCAST · Castings & Forgings · sector
₹121.05NSE close 2026-10-26
Key numbers
Market cap₹1,053 cr
Price₹121.05
52w high / low₹173 / ₹86
P/E25.6xSector median 25.0x
P/B1.8xSector median 3.1x
Book value₹68.6
Dividend yield0.41%Sector median 0.48%
ROE7.1%Sector median 13.4%
ROCE9.9%Sector median 15.8%
OPM7.3%Sector median 17.0%
Debt / equity0.43xSector median 0.15x
EV/EBITDA12.5xSector median 16.8x
Interest cover2.9x
Current ratio1.31x
Sales growth 3y+1.7%Sector median +3.4%
Profit growth 3y+17.7%Sector median +19.6%
PEG1.45x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 23 companies in Castings & Forgings (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹85 cr vs borrowings ₹257 cr (FY26): borrowings are higher by ₹172 cr.
- Operating profit covered interest 2.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 35% of net profit in the last 12 months.
- Debtor days went from 87 (FY24) to 98 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹121.05 on 2026-10-26: -30.1% from the 52-week high, +40.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹170.70 · low ₹80.55
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 330 | 291 | 330 | 332 | 299 | 330 | 368 | 341 |
| EBITDA | 23 | 17 | 30 | 28 | 17 | 33 | 32 | 16 |
| OPM % | 7.0% | 5.9% | 9.0% | 8.5% | 5.7% | 10.1% | 8.7% | 4.6% |
| Other income | 5 | 6 | 5 | 4 | 4 | 3 | 3 | 4 |
| Net profit | 10 | 6 | 14 | 12 | 5 | 16 | 15 | 5 |
| EPS (₹) | 1.13 | 0.69 | 1.56 | 1.44 | 0.55 | 1.83 | 1.76 | 0.59 |
| Revenue YoY | -9.6% | +13.1% | +11.7% | +2.8% | ||||
| Profit YoY | -51.5% | +165.9% | +12.8% | -58.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 927 | 1,264 | 1,267 | 1,252 | 1,328 | 1,338 |
| EBITDA | 58 | 79 | 110 | 92 | 110 | 98 |
| Net profit | 14 | 30 | 54 | 37 | 48 | 41 |
| EPS (₹) | 1.64 | 3.42 | 6.25 | 4.29 | 5.57 | 4.73 |
| Revenue growth | +36.3% | +0.2% | -1.2% | +6.1% | +4.2% | |
| Profit growth | +109.1% | +83.0% | -31.5% | +29.9% | -1.9% | |
| Dividend / share (₹) | 0.20 | 0.30 | 0.40 | 0.40 | 0.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +1.7% | +16.8% | +4.2% |
| Net profit | +17.7% | +39.9% | -1.9% |
| EPS | +17.7% | +39.9% | – |
| Share price | – | +0.1% (2y) | +4.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 468 | 519 | 553 | 597 |
| Borrowings | – | 304 | 329 | 294 | 257 |
| Cash & equivalents | – | 105 | 85 | 78 | 85 |
| Total assets | – | 1,028 | 1,132 | 1,164 | 1,199 |
| Fixed assets | – | 459 | 446 | 512 | 502 |
| Capital work in progress | – | 13 | 56 | 2 | 0 |
| Investments | – | 11 | 13 | 23 | 24 |
| Receivables | – | 256 | 301 | 340 | 356 |
| Inventory | – | 158 | 190 | 180 | 191 |
| Payables | – | 183 | 214 | 248 | 266 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -13 | 80 | 19 | 105 | 92 |
| Cash from investing | -32 | -23 | -31 | -38 | -11 |
| Cash from financing | 2 | -71 | -38 | -61 | -76 |
| Capex | 40 | 20 | 64 | 39 | 16 |
| Free cash flow | -53 | 61 | -44 | 66 | 76 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.3% | 10.5% | 6.7% | 8.1% |
| ROCE % | – | 9.3% | 11.8% | 10.0% | 11.4% |
| Debtor days | – | 74 | 87 | 99 | 98 |
| Inventory days | – | 91 | 124 | 120 | 120 |
| Payable days | – | 105 | 139 | 165 | 167 |
| Cash conversion cycle (days) | – | 60 | 72 | 54 | 51 |
| Working capital days | – | 37 | 41 | 39 | 43 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.87% |
| FIIs | 0.02% |
| DIIs | 0.12% |
| Public (non-institutions) | 24.99% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.87% | 74.87% | 74.87% | 74.87% | 74.87% | 74.87% | 74.87% | 74.87% |
| Promoter group | % |
|---|---|
| P Deepak | 39.63% |
| P Divya | 18.57% |
| P Deepak HUF | 16.67% |
| Public holders above 1% | % |
|---|---|
| Kanuri Family Trust | 2.73% |
| Veena P | 1.45% |
| Viraja Perneti | 1.42% |
27,959 shareholders. Pledged: 0.00% of promoter shares.
Peers in Castings & Forgings
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PTCIL | ₹34,768 cr | 276.8x | 23.1x | 8.7% | 9.3% | 24.6% | – | – |
| AIAENG | ₹33,394 cr | 26.4x | 4.2x | 16.9% | 20.1% | 27.6% | -3.4% | 0.41% |
| HAPPYFORGE | ₹16,596 cr | 50.6x | 7.8x | 16.5% | 18.2% | 31.1% | – | 0.17% |
| BALUFORGE | ₹5,154 cr | 17.4x | 3.2x | 20.2% | 19.5% | 26.6% | – | 0.03% |
| STEELCAS | ₹3,372 cr | 37.2x | 8.5x | 25.2% | 30.9% | 26.9% | -3.9% | 0.52% |
| AMIC | ₹2,253 cr | 78.3x | 14.3x | 22.9% | 25.5% | 30.2% | – | – |
| INVPRECQ | ₹1,314 cr | 90.1x | 12.8x | 15.0% | 15.8% | 17.8% | +3.5% | 0.04% |
| NELCAST | ₹1,053 cr | 25.6x | 1.8x | 7.1% | 9.9% | 7.3% | +1.7% | 0.41% |
| SGIL | ₹878 cr | – | 7.9x | -8.1% | 4.2% | 9.0% | +8.1% | 0.30% |
| NEETUYOSHI | ₹840 cr | 31.3x | 6.1x | 27.5% | 22.5% | 31.1% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-20 | Dividend | Dividend - Re 0.70 Per Share |
| 2025-07-25 | Dividend | Dividend - Re 0.50 Per Share |
| 2024-07-18 | Dividend | Annual General Meeting/Dividend - Rs 0.40 Per Share |
| 2023-07-28 | Dividend | Annual General Meeting/Dividend - Re 0.40 Per Share |
| 2022-07-26 | Dividend | Annual General Meeting/Dividend - Rs 0.30 Per Share |
| 2021-07-30 | Dividend | Annual General Meeting/Dividend - Rs 0.20 Per Share |
| 2020-08-19 | Other | Annual General Meeting |
| 2019-07-25 | Dividend | Dividend - Re 1 Per Share |
| 2018-08-06 | Dividend | Annual General Meeting / Dividend- Re 1 Per Share |
| 2017-07-27 | Dividend | Dividend - Re 0.90/- Per Share |
| 2016-07-28 | Dividend | Dividend Re 0.40 Per Share |
| 2016-03-22 | Dividend | Interim Dividend - Re 0.40/- Per Share (Purpose Revised) |
| 2015-07-30 | Other | Annual General Meeting/ Divided - Re 0.70/- Per Share |
| 2014-07-30 | Dividend | Annual General Meeting / Final Dividend - Re 0.70/- Per Share |
| 2013-07-18 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
| 2012-07-19 | Dividend | Annual General Meeting/Dividend Re 0.80 Per Share |
| 2011-10-24 | Dividend | Interim Dividend Re.1/- Per Share (Purpose Revised) |
| 2011-09-06 | Split | Face Value Split From Rs 10 To Rs 2 |
| 2011-07-28 | Dividend | Dividend-Rs.3/- Per Share |
| 2011-01-25 | Dividend | Special Dividend-Rs.12/- Per Share (Purpose Revised) |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturer of Iron Castings for various applications viz., Commercial Vehicles, Tractor, Off-highway, Railways etc.
| Sector | Industrials |
| Industry | Castings & Forgings |
| Sub-industry | Castings & Forgings |
| Symbol | NELCAST |
| BSE code | 532864 |
| ISIN | INE189I01024 |
| Face value | ₹2.0 |
| Incorporated | 1982-06-07 |
| Website | www.nelcast.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.