NELCO Ltd
Incorporated in 1940, Nelco Ltd provides domestic satellite communication services to close user group networks[1]
- Market Cap ₹ 2,006 Cr.
- Current Price ₹ 879
- High / Low ₹ 1,503 / 643
- Stock P/E 211
- Book Value ₹ 56.0
- Dividend Yield 0.25 %
- ROCE 14.0 %
- ROE 7.58 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 32.3%
Cons
- Stock is trading at 15.7 times its book value
- The company has delivered a poor sales growth of 6.75% over past five years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Sep 2013 | Sep 2014 | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
135 | 123 | 200 | 144 | 150 | 191 | 220 | 226 | 260 | 313 | 320 | 305 | |
133 | 124 | 178 | 125 | 124 | 155 | 170 | 181 | 209 | 252 | 260 | 263 | |
Operating Profit | 2 | -1 | 22 | 18 | 25 | 36 | 50 | 45 | 51 | 62 | 60 | 42 |
OPM % | 1% | -1% | 11% | 13% | 17% | 19% | 23% | 20% | 19% | 20% | 19% | 14% |
0 | 19 | 5 | 5 | 6 | 4 | 4 | 3 | 5 | 3 | 3 | 5 | |
Interest | 10 | 7 | 13 | 8 | 6 | 7 | 13 | 10 | 8 | 9 | 7 | 6 |
Depreciation | 9 | 9 | 11 | 8 | 9 | 13 | 20 | 22 | 25 | 28 | 22 | 22 |
Profit before tax | -17 | 2 | 2 | 7 | 15 | 20 | 20 | 16 | 23 | 28 | 34 | 20 |
Tax % | -2% | 24% | 0% | 9% | 20% | -11% | 29% | 22% | 31% | 29% | 29% | 52% |
-17 | 2 | 2 | 6 | 12 | 22 | 14 | 12 | 16 | 20 | 24 | 10 | |
EPS in Rs | -7.29 | 0.85 | 0.97 | 2.75 | 5.31 | 9.77 | 6.30 | 5.42 | 7.05 | 8.70 | 10.37 | 4.18 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 15% | 19% | 22% | 26% | 23% | 21% | 53% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 5% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | -7% |
3 Years: | -16% |
TTM: | -60% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 38% |
3 Years: | 8% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 17% |
3 Years: | 16% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | -7 | -6 | -7 | -1 | 11 | 33 | 43 | 53 | 66 | 82 | 101 | 105 |
81 | 66 | 85 | 57 | 50 | 82 | 121 | 90 | 81 | 63 | 57 | 53 | |
67 | 63 | 55 | 52 | 78 | 99 | 93 | 72 | 93 | 95 | 102 | 107 | |
Total Liabilities | 164 | 146 | 156 | 131 | 162 | 237 | 280 | 238 | 263 | 262 | 282 | 287 |
37 | 35 | 28 | 36 | 51 | 87 | 117 | 108 | 110 | 95 | 87 | 78 | |
CWIP | 1 | 3 | 6 | 3 | 5 | 17 | 3 | 4 | 3 | 1 | 10 | 9 |
Investments | 8 | 8 | 9 | 5 | 6 | 0 | 0 | 0 | 0 | 0 | 4 | 4 |
118 | 99 | 113 | 87 | 101 | 134 | 160 | 126 | 150 | 165 | 181 | 197 | |
Total Assets | 164 | 146 | 156 | 131 | 162 | 237 | 280 | 238 | 263 | 262 | 282 | 287 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | 33 | 3 | 38 | 32 | 21 | 33 | 54 | 51 | 58 | 45 | ||
-8 | -7 | -8 | -3 | -14 | -45 | -40 | -8 | -18 | -25 | -19 | ||
-18 | -24 | 5 | -40 | -12 | 25 | 4 | -47 | -19 | -33 | -20 | ||
Net Cash Flow | -1 | 1 | 0 | -5 | 6 | 2 | -2 | -1 | 14 | 1 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Sep 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 152 | 114 | 79 | 85 | 134 | 115 | 117 | 102 | 109 | 96 | 97 | 128 |
Inventory Days | 132 | 145 | 69 | 130 | 176 | 85 | 123 | 148 | 129 | 153 | 268 | 415 |
Days Payable | 292 | 341 | 268 | 340 | 644 | 391 | 443 | 455 | 437 | 324 | 364 | 632 |
Cash Conversion Cycle | -8 | -81 | -120 | -125 | -334 | -191 | -203 | -205 | -198 | -75 | 0 | -90 |
Working Capital Days | 98 | 53 | 52 | 17 | -15 | -24 | -1 | 22 | 21 | 37 | 32 | 55 |
ROCE % | -6% | 5% | 15% | 17% | 26% | 25% | 20% | 14% | 18% | 22% | 23% | 14% |
Documents
Announcements
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Update On Appointment Of Auditors Of Wholly Owned Subsidiary
2h - NNPL reappoints S.R. Batliboi LLP as statutory auditor for 5 years and Aneja & Associate as internal auditor for FY2025-26.
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Update On Giving Corporate Guarantee For And On Behalf Of Wholly Owned Subsidiary
2h - Nelco approved INR 45 Cr corporate guarantee for subsidiary's working capital loan from IDFC Bank.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
2h - Re-appointment of statutory and internal auditors; appointment of secretarial auditors for five years.
-
Announcement under Regulation 30 (LODR)-Dividend Updates
2h - Audited FY25 results approved; final dividend Rs.1/share recommended; unmodified audit opinion.
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Board Meeting Outcome for Audited Financial Results (Consolidated And Standalone) Along With The Audit Reports Thereon Of The Company For The Financial Year Ended 31St March 2025 And Recommendation Of Dividend
2h - Nelco reports FY25 audited results; profit down; final dividend Rs.1/share recommended.
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.