Nelcast Ltd

Nelcast Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nelcast Ltd

₹ 150 -1.36%
28 Jun - close price
nelcast.com BSE: 532864 NSE: NELCAST
About

Nelcast Ltd, incorporated in 1982, manufactures Iron Castings. The Co. has manufacturing plants at Gudur and Pedapariya in Andhra Pradesh, and Ponneri in Tamil Nadu. It manufactures grey and ductile castings for the M&HCV and tractor industry segments. It also supplies ribbed plates and brake discs used in metro rail projects and railways.[1][2]

Key Points

Key Products
Commercial Vehicles: Forward Differential Carrier, Rear Differential Carrier, Bogie Suspension Bracket
Passenger Vehicles: Differential Carrier, Differential Case
Tractor: Transmission Housing, Rear Axle Housing, 4WD Axle Housing
Railways: Brake Disc Friction Ring, Metro Rail Baseplates
Off Highway Equipment: Trumpet Axle Housing, Trumpet Axle Housing, Forklift Steer Axle [1]

Website BSE NSE
  • Market Cap ₹ 1,302 Cr.
  • Current Price ₹ 150
  • High / Low ₹ 194 / 90.0
  • Stock P/E 32.3
  • Book Value ₹ 59.7
  • Dividend Yield 0.27 %
  • ROCE 10.2 %
  • ROE 8.16 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 2.51 times its book value
  • Company has a low return on equity of 6.13% over last 3 years.
  • Earnings include an other income of Rs.32.1 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
221.66 184.85 238.01 235.48 267.92 295.25 328.52 327.03 313.18 292.77 358.34 320.36 295.47
201.94 173.73 225.41 221.66 250.91 276.25 301.57 312.43 294.36 273.43 326.56 294.76 279.92
Operating Profit 19.72 11.12 12.60 13.82 17.01 19.00 26.95 14.60 18.82 19.34 31.78 25.60 15.55
OPM % 8.90% 6.02% 5.29% 5.87% 6.35% 6.44% 8.20% 4.46% 6.01% 6.61% 8.87% 7.99% 5.26%
1.81 3.41 4.02 1.62 3.90 4.30 3.14 6.70 2.00 3.62 4.29 19.92 4.25
Interest 6.07 5.75 6.29 6.92 6.87 6.74 7.99 8.09 8.37 7.87 7.89 7.94 7.89
Depreciation 6.06 5.60 5.67 5.69 5.66 5.68 5.79 6.08 6.46 5.88 5.86 6.40 6.00
Profit before tax 9.40 3.18 4.66 2.83 8.38 10.88 16.31 7.13 5.99 9.21 22.32 31.18 5.91
Tax % 29.36% 36.16% 27.68% 26.86% 19.33% 28.58% 25.57% 25.25% 25.04% 22.04% 25.45% 18.09% 14.38%
6.64 2.03 3.36 2.08 6.76 7.77 12.15 5.34 4.48 7.18 16.64 25.53 5.07
EPS in Rs 0.76 0.23 0.39 0.24 0.78 0.89 1.40 0.61 0.51 0.83 1.91 2.93 0.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
508 515 545 561 575 745 856 567 615 927 1,264 1,267
475 467 500 497 510 673 780 518 569 869 1,184 1,175
Operating Profit 33 49 45 64 64 72 76 48 46 59 80 92
OPM % 7% 9% 8% 11% 11% 10% 9% 9% 8% 6% 6% 7%
2 2 2 2 5 4 6 14 5 9 16 32
Interest 3 2 5 7 6 3 7 13 17 26 31 32
Depreciation 11 13 13 13 13 16 17 19 22 23 24 24
Profit before tax 21 36 30 46 49 57 58 31 12 19 40 69
Tax % 33% 38% 26% 31% 31% 33% 33% -17% 26% 25% 26% 21%
14 22 22 32 34 38 38 36 9 14 30 54
EPS in Rs 1.60 2.59 2.52 3.66 3.92 4.40 4.42 4.14 1.04 1.63 3.42 6.25
Dividend Payout % 31% 27% 28% 22% 23% 23% 23% 0% 19% 18% 12% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 27%
TTM: 0%
Compounded Profit Growth
10 Years: 6%
5 Years: 1%
3 Years: 65%
TTM: 34%
Stock Price CAGR
10 Years: 16%
5 Years: 25%
3 Years: 27%
1 Year: 63%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 6%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 234 250 264 288 322 350 378 403 413 424 451 502
89 87 98 96 77 98 200 225 215 280 304 329
99 105 106 113 129 171 184 131 192 239 254 281
Total Liabilities 440 459 485 515 545 637 779 776 837 960 1,026 1,129
187 233 232 248 245 238 291 277 428 441 432 419
CWIP 44 2 5 0 1 36 91 153 2 1 1 44
Investments 21 26 32 37 39 39 39 39 39 39 50 51
189 199 217 230 260 324 358 307 369 480 543 614
Total Assets 440 459 485 515 545 637 779 776 837 960 1,026 1,129

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
60 43 26 45 28 33 75 32 83 -13 80 19
-67 -21 -19 -28 -10 -43 -125 -63 -18 -32 -23 -31
-8 -18 -7 -16 -17 18 44 27 -51 2 -71 -38
Net Cash Flow -14 4 -0 1 1 8 -7 -4 14 -42 -13 -49

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 45 49 47 43 48 57 52 73 97 95 74 87
Inventory Days 59 60 69 108 141 116 130 195 149 128 91 124
Days Payable 75 64 57 71 104 99 97 122 161 145 105 139
Cash Conversion Cycle 28 45 59 80 85 75 84 145 85 77 60 71
Working Capital Days 44 44 50 56 73 64 53 94 86 86 65 83
ROCE % 7% 11% 9% 14% 14% 14% 12% 7% 5% 7% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87% 74.87%
0.00% 0.02% 0.01% 0.17% 0.03% 0.83% 0.85% 0.88% 0.79% 1.05% 0.88% 0.90%
0.24% 0.24% 0.24% 0.24% 0.24% 0.63% 0.64% 0.58% 0.58% 0.58% 0.48% 0.48%
24.89% 24.87% 24.88% 24.72% 24.86% 23.66% 23.64% 23.66% 23.74% 23.49% 23.78% 23.75%
No. of Shareholders 27,52229,10929,25328,81128,69727,52428,77228,72528,37528,91528,56630,278

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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