Nelco Ltd
NSE: NELCO · Computers Hardware & Equipments · sector
₹700.65NSE close 2026-10-26
Key numbers
Market cap₹1,599 cr
Price₹700.65
52w high / low₹1,120 / ₹500
P/E402.7xSector median 17.4x
P/B12.2xSector median 2.8x
Book value₹57.5
Dividend yield0.14%Sector median 3.86%
ROE3.1%Sector median 7.5%
ROCE3.3%Sector median 7.7%
OPM8.9%Sector median 5.4%
Debt / equity1.88xSector median 0.26x
EV/EBITDA65.5xSector median 12.3x
Interest cover1.8x
Current ratio0.86x
Sales growth 3y-0.7%Sector median +9.9%
Profit growth 3y-44.9%Sector median -6.2%
PEG–
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 22 companies in Computers Hardware & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹20 cr vs borrowings ₹59 cr (FY26): borrowings are higher by ₹39 cr.
- Operating profit covered interest 1.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 130% of net profit in the last 12 months.
- Debtor days went from 97 (FY24) to 123 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹700.65 on 2026-10-26: -37.4% from the 52-week high, +40.1% 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 ₹1,463.90 · low ₹537.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 81 | 68 | 75 | 74 | 78 | 79 | 80 | 78 |
| EBITDA | 12 | 7 | 8 | 7 | 4 | 6 | 9 | 9 |
| OPM % | 15.1% | 9.8% | 10.3% | 10.0% | 5.1% | 7.0% | 11.7% | 11.7% |
| Other income | 2 | 3 | 1 | 1 | 1 | 2 | 0 | 3 |
| Net profit | 5 | -4 | 2 | 2 | -1 | 1 | 2 | 2 |
| EPS (₹) | 2.17 | -1.79 | 0.79 | 0.71 | -0.52 | 0.48 | 1.02 | 0.76 |
| Revenue YoY | -3.0% | +17.3% | +7.0% | +5.1% | ||||
| Profit YoY | -124.0% | – | +30.0% | +6.8% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 260 | 313 | 320 | 305 | 307 | 316 |
| EBITDA | 51 | 61 | 59 | 42 | 25 | 28 |
| Net profit | 16 | 20 | 24 | 10 | 3 | 4 |
| EPS (₹) | 7.05 | 8.70 | 10.37 | 4.18 | 1.45 | 1.74 |
| Revenue growth | +20.5% | +2.2% | -4.8% | +0.6% | +6.2% | |
| Profit growth | +23.4% | +19.2% | -59.7% | -65.2% | -7.5% | |
| Dividend / share (₹) | 1.20 | 1.80 | 2.00 | 2.20 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.7% | +6.3% | +6.2% |
| Net profit | -44.9% | -23.1% | -7.5% |
| EPS | -45.0% | -23.2% | – |
| Share price | – | -11.6% (2y) | -14.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 105 | 124 | 128 | 129 |
| Borrowings | – | 38 | 33 | 38 | 59 |
| Cash & equivalents | – | 17 | 22 | 15 | 20 |
| Total assets | – | 262 | 282 | 287 | 347 |
| Fixed assets | – | 91 | 83 | 74 | 72 |
| Capital work in progress | – | 1 | 10 | 9 | 41 |
| Investments | – | 0 | 4 | 4 | 4 |
| Receivables | – | 83 | 85 | 107 | 104 |
| Inventory | – | 21 | 26 | 31 | 36 |
| Payables | – | 45 | 35 | 47 | 41 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 49 | 58 | 45 | 20 | 15 |
| Cash from investing | -16 | -25 | -19 | -17 | -21 |
| Cash from financing | -20 | -33 | -20 | -11 | 11 |
| Capex | 18 | 23 | 16 | 17 | 23 |
| Free cash flow | 31 | 35 | 29 | 3 | -8 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 19.0% | 19.2% | 7.5% | 2.6% |
| ROCE % | – | 24.9% | 25.3% | 15.1% | 4.9% |
| Debtor days | – | 96 | 97 | 128 | 123 |
| Inventory days | – | 153 | 268 | 415 | 360 |
| Payable days | – | 324 | 364 | 632 | 411 |
| Cash conversion cycle (days) | – | -75 | 1 | -89 | 72 |
| Working capital days | – | 28 | 14 | 18 | -30 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 50.09% |
| FIIs | 4.83% |
| DIIs | 0.05% |
| of which Mutual funds | 0.00% |
| Government | 0.25% |
| Public (non-institutions) | 44.78% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 50.09% | 50.09% | 50.09% | 50.09% | 50.09% | 50.09% | 50.09% | 50.09% |
| Promoter group | % |
|---|---|
| The Tata Power Company Limited | 50.04% |
| Aftaab Investment Company Limited | 0.04% |
| Titan Company Limited | 0.00% |
| TATA SONS PRIVATE Limited | 0.00% |
| Industrial Energy Limited | 0.00% |
| Tata Power Delhi Distribution Limited | 0.00% |
| NDPL Infra Limited | 0.00% |
| TP Ajmer Distribution Limited | 0.00% |
| Tata Power Transmission Company Limited (erstwhile Tata Power Jamshedpur Distribution Limited) | 0.00% |
| Tata Power Trading Co. Ltd. | 0.00% |
| Maithon Power Limited | 0.00% |
| Powerlinks Transmission Limited | 0.00% |
| TP Power Plus Limited | 0.00% |
| Tata Power Renewable Energy Limited | 0.00% |
| Nivade Windfarm Ltd | 0.00% |
| Public holders above 1% | % |
|---|---|
| Schlumberger Limited | 3.80% |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.28% |
64,087 shareholders. Pledged: 0.00% of promoter shares.
Peers in Computers Hardware & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| EBGNG | ₹8,079 cr | 57.3x | 10.7x | 18.8% | 17.8% | 10.7% | – | – |
| RPTECH | ₹5,385 cr | 16.9x | 2.7x | 16.9% | 18.0% | 2.9% | – | 0.24% |
| MOSCHIP | ₹3,222 cr | 118.5x | 7.9x | 7.3% | 7.7% | 8.3% | – | – |
| NELCO | ₹1,599 cr | 402.7x | 12.2x | 3.1% | 3.3% | 8.9% | -0.7% | 0.14% |
| DLINKINDIA | ₹1,402 cr | 13.1x | 2.8x | 21.9% | 28.9% | 8.2% | +9.9% | 5.31% |
| IVALUE | ₹1,142 cr | 11.0x | 2.0x | 18.2% | 24.2% | 13.5% | – | – |
| BGDL | ₹788 cr | 93.8x | 4.1x | -1.4% | -0.9% | -49.4% | – | – |
| TVSELECT | ₹686 cr | – | 7.2x | -1.9% | 2.9% | 3.3% | +8.8% | 0.09% |
| DCI | ₹533 cr | 24.1x | 5.0x | 24.1% | 19.6% | 4.9% | +27.0% | – |
| BCCFUBA | ₹533 cr | 58.7x | 11.6x | 23.9% | 19.8% | 17.1% | +36.4% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-09 | Dividend | Dividend - Rs 1 Per Share |
| 2025-06-09 | Dividend | Dividend - Re 1 Per Share |
| 2024-06-10 | Dividend | Dividend - Rs 2.20 Per Share |
| 2023-06-06 | Dividend | Dividend - Rs 2 Per Share |
| 2022-06-21 | Dividend | Annual General Meeting/Dividend - Rs 1.8 Per Share |
| 2021-06-07 | Dividend | Dividend - Rs 1.20 Per Share |
| 2020-08-04 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2019-07-15 | Dividend | Annual General Meeting/ Dividend - Rs 1.50 Per Share |
| 2018-07-09 | Other | Annual General Meeting |
| 2017-09-08 | Other | Annual General Meeting |
| 2016-07-08 | Other | Annual General Meeting |
| 2015-01-14 | Other | Annual General Meeting |
| 2014-01-06 | Other | Annual General Meeting |
| 2013-01-04 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
| 2012-01-11 | Other | Annual General Meeting |
| 2011-01-07 | Dividend | Annual General Meeting/Final Dividend Re.1/- Per Share/Special Dividend Re.1/- Per Share |
| 2009-12-31 | Other | Agm/Div-Re.0.60 Per Share |
| 2008-07-18 | Other | Annual General Meeting |
| 2007-08-01 | Other | Agm |
| 2006-12-07 | Other | Agm |
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
- Information and Communication: Wired, wireless or satellite Telecommunication services
| Sector | Information Technology |
| Industry | Computers Hardware & Equipments |
| Sub-industry | Computers Hardware & Equipments |
| Symbol | NELCO |
| BSE code | 504112 |
| ISIN | INE045B01015 |
| Face value | ₹10.0 |
| Incorporated | 1940-08-31 |
| Website | www.nelco.in |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.