Nelcast Ltd

Nelcast Ltd

₹ 127 -1.11%
20 Dec - close price
About

Incorporated in 1982, Nelcast Ltd
is in the business of manufacturing
Iron Castings[1]

Key Points

Business Overview:[1]
Nelcast is the largest Jobbing Foundry in India for manufacturing Ductile & Grey Iron Castings. It manufactures several complex castings including axle housings, clutch housings and
bogie suspension brackets

  • Market Cap 1,103 Cr.
  • Current Price 127
  • High / Low 176 / 105
  • Stock P/E 35.7
  • Book Value 61.3
  • Dividend Yield 0.32 %
  • ROCE 10.1 %
  • ROE 8.05 %
  • Face Value 2.00

Pros

Cons

  • Company has a low return on equity of 6.09% over last 3 years.
  • Earnings include an other income of Rs.34.8 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
238.01 235.48 267.92 295.25 328.52 327.03 313.18 292.77 358.34 320.36 295.47 300.10 330.42
225.41 221.66 250.91 276.25 301.57 312.43 294.36 273.43 326.56 294.75 279.92 279.90 309.05
Operating Profit 12.60 13.82 17.01 19.00 26.95 14.60 18.82 19.34 31.78 25.61 15.55 20.20 21.37
OPM % 5.29% 5.87% 6.35% 6.44% 8.20% 4.46% 6.01% 6.61% 8.87% 7.99% 5.26% 6.73% 6.47%
4.02 1.62 3.90 4.30 3.14 6.70 2.00 3.62 4.29 19.91 4.25 4.28 6.32
Interest 6.29 6.92 6.87 6.74 7.99 8.09 8.37 7.87 7.89 7.94 7.89 8.38 8.69
Depreciation 5.67 5.69 5.66 5.68 5.79 6.08 6.46 5.88 5.86 6.40 6.00 5.91 6.10
Profit before tax 4.66 2.83 8.38 10.88 16.31 7.13 5.99 9.21 22.32 31.18 5.91 10.19 12.90
Tax % 27.68% 26.86% 19.33% 28.58% 25.57% 25.25% 25.04% 22.04% 25.45% 18.09% 14.38% 21.88% 23.95%
3.36 2.08 6.76 7.77 12.15 5.34 4.48 7.18 16.64 25.53 5.07 7.96 9.82
EPS in Rs 0.39 0.24 0.78 0.89 1.40 0.61 0.51 0.83 1.91 2.93 0.58 0.91 1.13
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
508 515 545 561 575 745 856 567 615 927 1,264 1,267 1,246
475 467 500 497 510 673 780 518 569 869 1,184 1,175 1,164
Operating Profit 33 49 45 64 64 72 76 48 46 59 80 92 83
OPM % 7% 9% 8% 11% 11% 10% 9% 9% 8% 6% 6% 7% 7%
2 2 2 2 5 4 6 14 5 9 16 32 35
Interest 3 2 5 7 6 3 7 13 17 26 31 32 33
Depreciation 11 13 13 13 13 16 17 19 22 23 24 24 24
Profit before tax 21 36 30 46 49 57 58 31 12 19 40 69 60
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 48
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 5.55
Dividend Payout % 31% 27% 28% 22% 23% 23% 23% 0% 19% 18% 12% 6%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 27%
TTM: -3%
Compounded Profit Growth
10 Years: 6%
5 Years: 1%
3 Years: 64%
TTM: -8%
Stock Price CAGR
10 Years: 14%
5 Years: 20%
3 Years: 15%
1 Year: -23%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 6%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 234 250 264 288 322 350 378 403 413 424 451 502 516
89 89 98 96 77 98 200 225 215 280 304 329 306
100 104 108 115 130 174 187 133 195 242 256 284 289
Total Liabilities 441 460 487 517 546 639 782 779 840 963 1,028 1,132 1,128
198 250 254 275 271 264 318 304 455 467 459 446 447
CWIP 48 6 12 10 12 48 103 166 14 13 13 56 68
Investments 0 0 0 0 0 1 0 0 0 0 11 13 13
195 204 221 232 262 326 360 309 371 482 545 617 601
Total Assets 441 460 487 517 546 639 782 779 840 963 1,028 1,132 1,128

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
42 90 26 47 28 33 75 32 83 -13 80 19
-49 -22 -22 -30 -10 -44 -125 -63 -18 -32 -23 -31
-8 -18 -6 -16 -17 19 44 27 -51 2 -71 -38
Net Cash Flow -16 50 -1 0 1 8 -7 -4 14 -42 -13 -49

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 45 44 50 56 73 64 53 94 86 86 65 83
ROCE % 11% 9% 14% 13% 14% 12% 7% 5% 7% 10% 10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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%
0.01% 0.17% 0.03% 0.83% 0.85% 0.88% 0.79% 1.05% 0.88% 0.90% 0.82% 0.03%
0.24% 0.24% 0.24% 0.63% 0.64% 0.58% 0.58% 0.58% 0.48% 0.48% 0.48% 0.00%
24.88% 24.72% 24.86% 23.66% 23.64% 23.66% 23.74% 23.49% 23.78% 23.75% 23.83% 25.10%
No. of Shareholders 29,25328,81128,69727,52428,77228,72528,37528,91528,56630,27830,01630,410

* 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.

Click on the line-items to see the names of individual entities.

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