NELCO Ltd

NELCO Ltd

₹ 832 -1.67%
21 Feb - close price
About

Incorporated in 1940, Nelco Ltd provides domestic satellite communication services to close user group networks[1]

Key Points

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.

  • 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
36.52 39.21 41.70 47.15 51.91 56.28 55.62 53.88 57.97 55.21 53.28 50.38 51.20
30.15 32.28 34.80 38.08 41.16 42.31 44.75 42.71 45.67 46.34 44.27 45.91 42.68
Operating Profit 6.37 6.93 6.90 9.07 10.75 13.97 10.87 11.17 12.30 8.87 9.01 4.47 8.52
OPM % 17.44% 17.67% 16.55% 19.24% 20.71% 24.82% 19.54% 20.73% 21.22% 16.07% 16.91% 8.87% 16.64%
0.45 0.65 0.26 0.94 0.88 0.60 0.35 0.52 0.85 0.64 0.11 0.97 1.41
Interest 0.87 0.67 0.85 0.89 0.73 0.90 0.55 0.50 0.91 0.53 0.09 0.38 0.57
Depreciation 2.31 1.79 2.45 2.59 2.68 2.93 2.91 3.15 3.38 3.40 3.50 3.27 3.15
Profit before tax 3.64 5.12 3.86 6.53 8.22 10.74 7.76 8.04 8.86 5.58 5.53 1.79 6.21
Tax % 29.67% 12.50% 29.79% 29.40% 28.83% 28.21% 28.22% 25.00% 38.04% 25.09% 25.32% 26.26% 29.31%
2.56 4.48 2.71 4.61 5.85 7.71 5.57 6.03 5.49 4.18 4.13 1.32 4.39
EPS in Rs 1.12 1.96 1.19 2.02 2.56 3.38 2.44 2.64 2.41 1.83 1.81 0.58 1.92
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09%
3.36% 3.34% 7.26% 6.11% 4.42% 4.34% 4.44% 4.51% 4.54% 4.80% 4.64% 5.41%
3.85% 3.86% 0.05% 0.05% 0.05% 0.05% 0.09% 0.08% 0.05% 0.05% 0.05% 0.14%
0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%
42.45% 42.47% 42.36% 43.52% 45.21% 45.28% 45.13% 45.07% 45.08% 44.82% 44.99% 44.13%
No. of Shareholders 60,25660,35760,27162,61365,56767,24270,53469,07772,70372,95266,82367,645

* 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.

Documents