Tulsyan NEC Ltd.
BSE: TULSYAN · Iron & Steel Products · sector
₹32.82BSE close 2026-10-26
Key numbers
Market cap₹54 cr
Price₹32.82
52w high / low₹49 / ₹17
P/E0.7xSector median 15.5x
P/B0.3xSector median 1.7x
Book value₹112.7
Dividend yield–Sector median 0.60%
ROE-34.7%Sector median 11.1%
ROCE0.2%Sector median 11.9%
OPM-2.8%Sector median 6.7%
Debt / equity2.19xSector median 0.21x
EV/EBITDA–Sector median 11.8x
Interest cover0.0x
Current ratio0.71x
Sales growth 3y-5.3%Sector median +2.1%
Profit growth 3y–Sector median +13.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2 cr vs borrowings ₹406 cr (FY26): borrowings are higher by ₹404 cr.
- Operating profit covered interest 0.0x in the last 12 months.
- Net loss in 6 of the last 6 quarters.
- No dividend in the last 5 financial years.
- Price ₹32.82 on 2026-10-26: -33.5% from the 52-week high, +91.9% 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 ₹91.10 · low ₹19.84
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 214 | 257 | 229 | 156 | 165 | 147 |
| EBITDA | 1 | 13 | 2 | -11 | -4 | -6 |
| OPM % | 0.3% | 4.9% | 1.0% | -7.1% | -2.6% | -4.3% |
| Other income | 1 | 0 | 15 | 6 | 11 | 11 |
| Net profit | -42 | -10 | -6 | -29 | -19 | -21 |
| EPS (₹) | 25.41 | 6.23 | 3.70 | 17.39 | 11.76 | 13.01 |
| Revenue YoY | -22.9% | -43.0% | ||||
| Profit YoY | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 752 | 950 | 956 | 868 | 808 | 697 |
| EBITDA | 819 | 226 | -2 | 14 | -0 | -19 |
| Net profit | 790 | 248 | -50 | -73 | -64 | -75 |
| EPS (₹) | 536.87 | 149.79 | -30.31 | 44.08 | 39.08 | 45.86 |
| Revenue growth | +26.3% | +0.6% | -9.2% | -7.0% | – | |
| Profit growth | -68.6% | -120.2% | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -5.3% | – | – |
| Net profit | – | – | – |
| EPS | -36.1% | – | – |
| Share price | – | -39.3% (2y) | -19.2% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 250 | 186 |
| Borrowings | 372 | 406 |
| Cash & equivalents | 0 | 2 |
| Total assets | 827 | 806 |
| Fixed assets | 528 | 508 |
| Capital work in progress | 7 | 0 |
| Investments | 0 | 0 |
| Receivables | 98 | 97 |
| Inventory | 73 | 60 |
| Payables | 140 | 136 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 39 | 3 |
| Cash from investing | -10 | 38 |
| Cash from financing | -30 | -40 |
| Capex | 14 | 10 |
| Free cash flow | 25 | -7 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | -29.0% | -34.7% |
| ROCE % | -0.9% | 1.6% |
| Debtor days | 41 | 44 |
| Inventory days | 38 | 33 |
| Payable days | 73 | 75 |
| Cash conversion cycle (days) | 6 | 2 |
| Working capital days | -58 | -37 |
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| TULSYAN | ₹54 cr | 0.7x | 0.3x | -34.7% | 0.2% | -2.8% | -5.3% | – |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| STEEL DIVISION | ₹133 cr | 90.7% | ₹7 cr | 5.1% |
| SYNTHETIC DIVISION | ₹12 cr | 7.9% | ₹0 cr | 2.0% |
| POWER | ₹2 cr | 1.5% | ₹-8 cr | -377.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2012-09-20 | Dividend | Dividend Rs 1.5 |
| 2011-09-05 | Dividend | Final Dividend Rs 1.0 |
| 2011-02-07 | Dividend | Interim Dividend Rs 1.0 |
| 2010-06-07 | Dividend | Dividend Rs 2.0 |
| 2009-09-07 | Dividend | Dividend Rs 2.0 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | TULSYAN |
| BSE code | 513629 |
| ISIN | INE463D01016 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-24 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.