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Nelcast Ltd.

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nelcast.comBSE: 532864NSE: NELCAST
Market Cap₹ 995 Cr.
Current Price
High / Low₹ 173 / 86
Stock P/E24.2
Book Value₹ 69
Price to Book1.67
Dividend Yield0.61 %
ROCE11.5 %
ROE8.4 %
Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Iron Castings: 100.0%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence
72%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 39.9% CAGR over last 5 years
  • Company has delivered good sales growth of 16.7% CAGR over last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.55x)
  • Company generates healthy free cash flow
  • Company has a consistent dividend-paying track record
  • Company maintains a comfortable, low leverage position

CONS

  • Recent results are weak - TTM profit is down 21.2% versus prior year
  • Company has a low return on equity of 8.8% over last 3 years
  • Company has a low return on capital employed of 11.3%
  • Recurring exceptional / one-off items are inflating headline profit
  • Growth is decelerating - 3Y profit CAGR (17.7%) trails the 5Y trend (39.9%)
  • Though reporting repeated profits, the company pays out little dividend (12.6%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsAutomobile & AncillariesCastings/Forgings
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.Name
1.AIAENG4171.8530.7538931.860.38300.99-1.371168.0213.8421.1626.89
2.PTCIL22815.75272.3534206.620.0029.19466.19191.8097.428.4325.49
3.STEELCAS325.2536.303291.530.5323.7119.28124.8216.9932.4125.63
4.ALICON739.3033.181213.330.27114.461128.905780.061279.129.509.38
5.NELCAST114.3524.23994.860.615.14-58.92341.052.7711.464.62
6.SGIL603.65201.49938.250.00-10.11—75.15-22.909.076.30
7.SIMPLEXCAS104.0534.37420.910.000.80102.97195.62-5.4724.1018.14
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
293358320295300330291330332299330368341
273327295280280309274300304282296336339
Operating Profit1932261620211730281733322
OPM %6.60%8.87%7.99%5.27%6.73%6.47%5.93%9.00%8.51%5.72%10.10%8.66%0.69%
44204466544334
Interest8888899998877
Depreciation6666666767777
Profit before Tax922316101381817621217
Tax %22.04%25.45%18.09%14.36%21.91%23.95%25.56%25.56%24.64%25.16%25.53%25.98%23.21%
Net Profit71726581061413516155
0.821.912.930.580.911.130.691.561.440.551.831.760.59

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
5757458565676159271,2641,2671,2521,3281,338
5116747815185698691,1851,1751,1631,2181,253
Operating Profit64717548465879928911085
OPM %11.14%9.52%8.82%8.52%7.54%6.26%6.28%7.28%7.07%8.32%6.33%
77914591632211414
Interest9691317263132353330
Depreciation1316171922232424252727
Profit before Tax4956573112194069496555
Tax %30.65%32.89%33.39%-16.87%26.42%25.33%26.25%20.70%24.36%25.42%25.37%
Net Profit343838369143054374841
EPS0.000.000.000.001.041.643.426.254.295.57—
Dividend Payout %23.04%23.02%22.78%0.00%19.24%18.35%11.70%6.40%11.66%12.57%—

COMPOUNDED SALES GROWTH

10 Years:
9%
5 Years:
17%
3 Years:
2%

COMPOUNDED PROFIT GROWTH

10 Years:
4%
5 Years:
40%
3 Years:
17%

STOCK PRICE CAGR

10 Years:
6%
5 Years:
4%
3 Years:
-7%
1 Year:
-25%

RETURN ON EQUITY

10 Years:
8%
5 Years:
7%
3 Years:
9%
Last Year:
8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Jul 20

₹ 0.35

Rs.0.7000 per share(35%)Dividend

2025

Jul 25

₹ 0.25

Rs.0.5000 per share(25%)Dividend

2024

Jul 18

₹ 0.20

Rs.0.4000 per share(20%)Dividend

2023

Jul 28

₹ 0.20

Rs.0.4000 per share(20%)Dividend

2022

Jul 26

₹ 0.15

Rs.0.3000 per share(15%)Final Dividend

2021

Jul 30

₹ 0.10

Rs.0.2000 per share(10%)Dividend

2018

Aug 6

₹ 0.50

Rs.1.0000 per share(50%)Dividend

2017

Jul 27

₹ 0.45

Rs.0.9000 per share(45%)Final Dividend

2016

Jul 28

₹ 0.20

Rs.0.4000 per share(20%)Final Dividend

2016

Mar 22

₹ 0.20

Interim Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital17171717171717171717
322350378403413424451502535579
7398168212181250270297255225
Trade Payables699410681128181183217248266
637710963988810596105108
Total Liabilities5456377797768379601,0261,1291,1621,196
245238291277428441432419473463
Capital Work in Progress136911532114420
39393939393950516262
94111142128118159158190180191
0000000301340356
Cash & Bank545559486561105857885
113158158130185260279392738
Total Assets5456377797768379601,0261,1291,1621,196

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
4151884083-12862010592
Cash from Investing-10-43-125-63-18-32-23-31-38-11
Cash from Financing-17184427-512-71-39-61-76
18-7-414-42-13-4964

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.8774.8774.8774.8774.8774.8774.8774.8774.87
0.820.030.000.060.000.790.450.360.39
0.480.000.000.000.000.010.110.110.12
Government0.000.000.000.000.000.000.000.000.00
23.8325.1125.1325.0825.1324.3324.5724.6624.62

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-04
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-04 - Nelcast Limited has informed the Exchange about Schedule of meet

2026-07-30
Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-30 - Nelcast Limited has informed the Exchange about Transcript

2026-07-28
Shareholders meeting

2026-07-28 - Nelcast Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 27, 2026. Further, the company has informed the Exchange regarding voting results.

2026-07-28
Copy of Newspaper Publication

2026-07-28 - Nelcast Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-28
Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-28 - Nelcast Limited has informed the Exchange about Link of Recording

2026-07-27
Shareholders meeting

2026-07-27 - Nelcast Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 27, 2026

2026-07-27
Investor Presentation

2026-07-27 - Nelcast Limited has informed the Exchange about Investor Presentation

2026-07-27
Press Release

2026-07-27 - Nelcast Limited has informed the Exchange regarding a press release dated July 27, 2026, titled "Press Release".

2026-07-27
Updates

2026-07-27 - Nelcast Limited has informed the Exchange regarding ''Reconstitution of Committees'.'.

News

Recent coverage and analyst commentary for NELCAST

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