Nelcast
Nelcast Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Nelcast Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Nelcast Ltd trades at a P/E of 25.02× and P/B of 2.03×.
Valuation
Profitability
Growth
Financial Health
Nelcast Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Nelcast Ltd, switchable between annual and quarterly views, consolidated or standalone.
Nelcast Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,209.84 Cr and reported EPS of ₹5.57.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 760 | 856 | 567 | 611 | 927 | 1,264 | 1,267 | 1,252 | 1,328 |
| Other Income | 4 | 6 | 11 | 9 | 9 | 16 | 14 | 17 | 14 |
| Total Income | 764 | 862 | 577 | 620 | 937 | 1,280 | 1,281 | 1,269 | 1,342 |
| Cost of Goods Sold (COGS) | 350 | 399 | 240 | 290 | 453 | 633 | 559 | 550 | 581 |
| Gross Profit | 410 | 458 | 326 | 321 | 474 | 631 | 708 | 702 | 748 |
| +Operating Expenses | 339 | 382 | 278 | 279 | 416 | 551 | 615 | 613 | 637 |
| EBITDA | 72 | 76 | 48 | 42 | 58 | 79 | 92 | 89 | 110 |
| +Non-Operating Expenses | 19 | 24 | 28 | 39 | 48 | 55 | 74 | 64 | 60 |
| Profit Before Tax (PBT) | 57 | 58 | 31 | 12 | 19 | 40 | 69 | 49 | 65 |
| +Tax Expense | 19 | 19 | -5 | 3 | 5 | 11 | 14 | 12 | 17 |
| Profit After Tax (PAT) | 38 | 38 | 36 | 9 | 14 | 30 | 54 | 37 | 48 |
| Earnings Per Share (EPS) | 4.40 | 4.42 | 4.14 | 1.04 | 1.64 | 3.42 | 6.25 | 4.29 | 5.57 |
| Diluted Shares Outstanding (Nos.) | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| +Additional Disclosures | 1,057 | 1,203 | 786 | 898 | 1,370 | 1,873 | 1,790 | 1,773 | 1,858 |
| Sales Growth % | — | 12.66 | -33.81 | 7.80 | 51.78 | 36.30 | 0.23 | -1.20 | 6.13 |
| YoY Sales Growth % | — | 12.66 | -33.81 | 7.80 | 51.78 | 36.30 | 0.23 | -1.20 | 6.13 |
| Material Cost % | 46 | 52 | 39 | 44 | 53 | 50 | 46 | 44 | 43 |
| Employee Cost % | 6 | 6 | 8 | 7 | 6 | 5 | 6 | 6 | 7 |
| Other Cost % | 38 | 39 | 41 | 38 | 39 | 39 | 43 | 43 | 41 |
| OPM % | 9 | 9 | 9 | 7 | 6 | 6 | 7 | 7 | 8 |
| Tax % | 33 | 33 | -17 | 26 | 25 | 26 | 21 | 24 | 25 |
| Profit Growth % | — | 0.47 | -6.34 | -74.89 | 57.32 | 109.04 | 82.98 | -31.46 | 29.88 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 56 | 58 | 30 | 21 | 35 | 55 | 68 | 64 | 83 |
Nelcast segment analysis: revenue and profit mix.
Disclosed business segments at Nelcast with their share of revenue and profit, switchable between consolidated and standalone reporting.
Nelcast discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Nelcast Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Nelcast Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Nelcast Ltd's investment case rests on 9 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Promoter confidence is high, with a substantial 74.9% holding, ensuring stable leadership and long-term strategic alignment, which is a positive sign for investors.
The company demonstrated robust quarterly profit growth, with a significant 96.50% increase in the latest quarter, indicating strong operational recovery and efficiency gains.
Nelcast maintains a healthy financial structure with a low debt-to-equity ratio of 0.53, suggesting prudent financial management and reduced leverage risk for shareholders.
Quarterly sales show consistent growth, increasing by 10.60% in the latest period, reflecting steady demand for its products and effective market penetration strategies.
The company's P/E ratio of 27.00 is notably lower than the sector average of 40.15, potentially offering an attractive valuation compared to its industry peers.
What can break it.
The Return on Equity (ROE) stands at a low 6.48%, indicating inefficient utilization of shareholder funds and potentially weaker profitability compared to industry benchmarks.
Return on Capital Employed (ROCE) at 9.55% is significantly below peers (e.g., Steelcast at 32.94%), highlighting operational inefficiencies and lower capital productivity.
Quarterly net profits exhibit high volatility, fluctuating from 4 Cr to 26 Cr, which suggests inconsistent earnings performance and potential challenges in maintaining stable profitability.
Low institutional interest is evident with minimal FII (0.79%) and DII (0.01%) holdings, which might limit liquidity and broader market confidence in the stock.
The stock price has shown considerable volatility, currently at 126.00, significantly below its 52-week high of 181.00, indicating recent downward pressure and investor caution.
What would change my mind.
Trim if P/E re-rates above 33. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Income thesis breaks if the dividend is cut or yield falls below 0.26%.
Nelcast Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Nelcast Ltd is highlighted for quick read-across.
Quick Compare
Nelcast Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Nelcast Ltd — derived from the live tape, not yesterday's close.
Nelcast Ltd last traded at ₹139.34 with an intraday range of ₹135.52–₹139.9 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹139.34| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 149.75 | +10.41 | +7.47% |
| R3 | 145.37 | +6.03 | +4.33% |
| R2 | 142.63 | +3.29 | +2.36% |
| R1 | 140.99 | +1.65 | +1.18% |
| PIVOT | 138.25 | -1.09 | -0.78% |
| CURRENT | 139.34 | — | — |
| S1 | 127.85 | -11.49 | -8.25% |
| S2 | 132.23 | -7.11 | -5.11% |
| S3 | 133.87 | -5.47 | -3.92% |
| S4 | 136.61 | -2.73 | -1.96% |
NELCAST is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 136.5 ~ 139.06
Trading Inside opening range
Nelcast Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Nelcast Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Nelcast Ltd stood at 40.1% of traded volume, against a 20-day average of 42.6%.
Nelcast announcements: results, concalls, ratings, M&A.
Filings Nelcast sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Nelcast files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 56 documents below.
Disclosure under SEBI Takeover Regulations
P. Deepak has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Analysts/Institutional Investor Meet/Con. Call Updates
Nelcast Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
Nelcast Limited has informed the Exchange about Link of Recording
Copy of Newspaper Publication
Nelcast Limited has informed the Exchange about Copy of Newspaper Publication
Copy of Newspaper Publication
Nelcast Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Nelcast dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Nelcast has declared, sequenced by announce and record date.
Nelcast corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Nelcast Ltd: business, sector, key facts.
What Nelcast Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Nelcast Ltd operates in the Industrials, listed as NSE: NELCAST, BSE: 532864.
Nelcast Limited is a prominent Indian manufacturer and supplier of ductile and grey iron castings, catering to a diverse global clientele. Their core business revolves around the production and distribution of high-quality cast iron components used across various industrial sectors.
A significant portion of Nelcast's output is dedicated to the automotive industry. They produce a wide array of components for both commercial vehicles and passenger cars. This includes crucial parts for vehicle suspension systems (bogie suspension brackets, conventional suspension brackets), engine and steering systems (engine/steering/cab mounting brackets), drivetrains (differential carriers, wheel hubs, bearing caps), and braking systems (brake drums, brake disc rotors). The company also provides castings for SUV and car applications, including case bodies, caps, and drive heads.
Beyond automotive applications, Nelcast serves the agricultural sector with specialized tractor and farm equipment components. These include vital parts for hydraulic systems (hydraulic lift covers), axles (including four-wheel drive front axles), engine support systems (front engine support), and transmission systems (transmission clutch, center/differential housing products). Their product range also extends to components for off-highway vehicles and military applications, focusing on transmission and differential cases, converter and axle housings, and planetary carriers.
Further diversifying their portfolio, Nelcast manufactures railway products such as brake discs and base plates specifically designed for ballastless track systems. This demonstrates their adaptability and ability to cater to the unique demands of various industries. Their customer base spans a broad spectrum, encompassing automotive, tractor, construction, mining, railway, and general engineering sectors, highlighting the versatility and wide applicability of their cast iron components.
In summary, Nelcast's business model is built on the manufacturing and sale of high-quality, precision-engineered iron castings that serve as critical components in a vast array of machinery and vehicles. Their diverse product portfolio and broad customer base across multiple sectors solidify their position as a key player in the global castings market.
Questions investors ask about Nelcast Ltd (NELCAST).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Nelcast Ltd (NELCAST)?
The current share price of Nelcast Ltd (NELCAST) is ₹139.34. Today, the stock has gained by ₹3.82 (2.82%), trading in a range of ₹135.52 to ₹139.9. The stock opened at ₹136.5 with a trading volume of 1,39,666 shares.
02Is Nelcast Ltd stock a good investment for long-term?
Nelcast Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,209.84 crores, P/E ratio of 25.02, ROE of 0.00%, and ROCE of 9.55%. The dividend yield stands at 0.52%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Nelcast Ltd stock?
The 52-week high price of Nelcast Ltd (NELCAST) is ₹0, while the 52-week low is ₹0. Currently trading at ₹139.34, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Nelcast Ltd stock at the current price?
Whether to buy Nelcast Ltd stock at ₹139.34 depends on multiple factors. The stock is currently trading with a P/E ratio of 25.02 and P/B ratio of 2.03. Today's performance shows a gain of 2.82%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Nelcast Ltd and when is the next dividend?
Nelcast Ltd offers a dividend yield of 0.52%, which means for every ₹100 invested at the current price of ₹139.34, you can expect to receive approximately ₹0.52 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Nelcast Ltd?
Nelcast Ltd's key financial metrics include: P/E Ratio: 25.02, P/B Ratio: 2.03, ROE: 0.00%, ROCE: 9.55%, Dividend Yield: 0.52%, EPS: ₹5.57, Book Value: ₹68.77, and Debt-to-Equity: 0.00. The company's market cap stands at ₹1,209.84 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Nelcast Ltd stock performing today in the market?
Nelcast Ltd stock opened at ₹136.5 and is currently trading at ₹139.34, showing a gain of ₹3.82 (2.82%). The intraday high is ₹139.9 and low is ₹135.52. The trading volume stands at 1,39,666 shares, indicating moderate market participation today.
08What is the P/E ratio of Nelcast Ltd and what does it indicate?
Nelcast Ltd has a Price-to-Earnings (P/E) ratio of 25.02, which means investors are willing to pay ₹25.02 for every ₹1 of earnings. With an EPS of ₹5.57, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Nelcast Ltd (NELCAST) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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