NELCO Ltd
Incorporated in 1940, Nelco Ltd provides domestic satellite communication services to close user group networks[1]
- Market Cap ₹ 1,900 Cr.
- Current Price ₹ 832
- High / Low ₹ 1,503 / 643
- Stock P/E 135
- Book Value ₹ 51.7
- Dividend Yield 0.26 %
- ROCE 25.8 %
- ROE 19.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 27.5%
Cons
- Stock is trading at 16.1 times its book value
* 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: Telecomm Equipment & Infra Services Industry: Telecommunications - Service Provider
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Sep 2013 | Sep 2014 | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
139 | 110 | 92 | 133 | 26 | 32 | 34 | 38 | 131 | 143 | 197 | 223 | 210 | |
129 | 112 | 100 | 121 | 27 | 31 | 29 | 29 | 108 | 121 | 156 | 179 | 179 | |
Operating Profit | 10 | -2 | -8 | 12 | -1 | 1 | 4 | 9 | 23 | 22 | 41 | 44 | 31 |
OPM % | 7% | -2% | -9% | 9% | -4% | 4% | 13% | 23% | 18% | 15% | 21% | 20% | 15% |
5 | 1 | 20 | 8 | 15 | 14 | 11 | 13 | 5 | 3 | 3 | 2 | 3 | |
Interest | 9 | 10 | 6 | 12 | 7 | 5 | 4 | 5 | 4 | 3 | 4 | 3 | 2 |
Depreciation | 6 | 6 | 5 | 7 | 0 | 1 | 1 | 1 | 8 | 8 | 11 | 13 | 13 |
Profit before tax | 1 | -16 | 1 | 1 | 7 | 10 | 10 | 17 | 16 | 14 | 29 | 30 | 19 |
Tax % | 0% | 0% | 0% | 0% | 0% | 0% | -78% | 17% | 21% | 22% | 29% | 30% | |
1 | -16 | 1 | 1 | 7 | 10 | 18 | 14 | 12 | 11 | 21 | 21 | 14 | |
EPS in Rs | 0.48 | -7.17 | 0.57 | 0.58 | 2.92 | 4.28 | 7.77 | 6.00 | 5.38 | 4.86 | 9.15 | 9.32 | 6.14 |
Dividend Payout % | 105% | 0% | 0% | 0% | 0% | 0% | 19% | 20% | 22% | 37% | 22% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 46% |
3 Years: | 19% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 4% |
3 Years: | 32% |
TTM: | -43% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 27% |
3 Years: | 9% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 18% |
3 Years: | 19% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | 3 | -14 | -12 | -14 | -8 | 2 | 19 | 29 | 54 | 62 | 78 | 95 | 95 |
88 | 78 | 63 | 79 | 50 | 35 | 33 | 37 | 23 | 29 | 27 | 12 | 11 | |
57 | 60 | 50 | 41 | 39 | 57 | 113 | 120 | 139 | 45 | 49 | 65 | 60 | |
Total Liabilities | 171 | 146 | 123 | 129 | 104 | 117 | 187 | 209 | 239 | 159 | 177 | 195 | 189 |
24 | 22 | 23 | 15 | 19 | 3 | 3 | 2 | 42 | 55 | 66 | 66 | 63 | |
CWIP | 0 | 1 | 0 | 1 | 3 | 0 | 0 | 0 | 4 | 2 | 1 | 10 | 8 |
Investments | 2 | 2 | 2 | 7 | 6 | 6 | 5 | 5 | 0 | 30 | 30 | 33 | 33 |
145 | 121 | 97 | 107 | 77 | 108 | 179 | 201 | 193 | 71 | 80 | 86 | 85 | |
Total Assets | 171 | 146 | 123 | 129 | 104 | 117 | 187 | 209 | 239 | 159 | 177 | 195 | 189 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-29 | 22 | 24 | 1 | 27 | 17 | 12 | 11 | 48 | 12 | 40 | 49 | |
-3 | -3 | -0 | -3 | 9 | -3 | -37 | -20 | -10 | -9 | -22 | -16 | |
30 | -20 | -24 | 5 | -41 | -10 | 26 | 5 | -44 | -7 | -10 | -25 | |
Net Cash Flow | -2 | -1 | -0 | 3 | -5 | 4 | 1 | -5 | -6 | -4 | 8 | 7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 191 | 172 | 146 | 108 | 437 | 100 | 107 | 147 | 59 | 88 | 76 | 62 |
Inventory Days | 103 | 132 | 145 | 69 | ||||||||
Days Payable | 178 | 279 | 319 | 238 | ||||||||
Cash Conversion Cycle | 116 | 25 | -27 | -61 | 437 | 100 | 107 | 147 | 59 | 88 | 76 | 62 |
Working Capital Days | 171 | 125 | 104 | 100 | 194 | 425 | 500 | 502 | 52 | -4 | 7 | -30 |
ROCE % | 8% | -7% | 3% | 14% | 14% | 23% | 21% | 20% | 18% | 15% | 28% | 26% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 2d
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
2d - Results of postal ballot for director appointments.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
22 Jan - Company opts for tax settlement scheme reducing liability.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Jan - Newspaper advertisement for notice of postal ballot
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 21 Jan
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Business Overview:[1][2]
a) Nelco is a subsidiary of Tata Power and an TL9000, ISO 20000-1:2011 and ISO 27001:2013 certified company.
b) Company provides domestic satellite communication services to close user group (CUG) networks via Satellite System on non-exclusive basis within the territorial boundary of India
c) It offers its enterprise & government customers customized solutions in areas of VSAT connectivity, Satcom Projects and Integrated Security & Surveillance Solutions.
d) It connects businesses and remote operations through satellite communication services. In addition, it offers end to end networking solutions (Satcom Projects) and maintenance of private hubs and hybrid networks for its customers, from government to corporates.
e) It helps Government, Defense and Enterprise sectors when it comes to security and surveillance in India.