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Nelcast Limited (IN:NELCAST)
:NELCAST
India Market
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Nelcast Limited (NELCAST) AI Stock Analysis

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IN:NELCAST

Nelcast Limited

(NELCAST)

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Neutral 59 (OpenAI - 4o)
Rating:59Neutral
Price Target:
₹124.00
▲(4.86% Upside)
Nelcast Limited's overall stock score is primarily influenced by its strong financial performance, which is offset by weak technical indicators and a high valuation. The lack of earnings call data and corporate events further limits the score. Continued focus on improving cash flow consistency and addressing technical weaknesses could enhance the stock's attractiveness.

Nelcast Limited (NELCAST) vs. iShares MSCI India ETF (INDA)

Nelcast Limited Business Overview & Revenue Model

Company DescriptionNelcast Limited manufactures and sells ductile and grey iron castings in India and internationally. The company provides commercial components, including bogie suspension brackets, conventional suspension/engine/steering/cab mounting brackets, rear and forward differential carriers, flanged and plain half products, wheel hubs, bearing caps, brake drums, and brake disc rotors; and tractor/farm components, such as hydraulic lift covers, and front engine support, as well as axle, four-wheel drive front axle, transmission clutch, and center/differential housing products. It also offers off highway/army components that include transmission and differential cases, converter and axle housing, and planetary carriers; railway products comprising brake discs and base plates for ballastless track systems; SUV/car components consisting of case bodies and caps, and drive heads; and powertrain components that include gearbox and flywheel housing, and exhaust manifold products. The company serves automotive, tractor, construction, mining, railways, and general engineering sectors. Nelcast Limited was incorporated in 1982 and is based in Chennai, India.
How the Company Makes MoneyNelcast Limited generates revenue primarily through the manufacturing and sale of iron castings. The company's key revenue streams include supplying casting products to the automotive sector, such as components for commercial vehicles and passenger cars. Additionally, Nelcast serves the agriculture and industrial machinery sectors by providing castings for tractors and construction equipment. Strategic partnerships with major automotive and industrial manufacturers contribute significantly to its earnings, allowing the company to leverage long-term supply agreements and capitalize on the growing demand for high-quality cast iron products.

Nelcast Limited Financial Statement Overview

Summary
Nelcast Limited demonstrates strong financial performance with stable revenue growth and improving gross profit margins. The balance sheet reflects a healthy financial structure with stable leverage and equity ratios. However, cash flow management remains an area for improvement, despite recent advancements in operating cash flows.
Income Statement
75
Positive
Nelcast Limited shows a consistent upward trend in gross profit margin, increasing substantially from 2022 to 2025, indicating effective cost management. However, net profit margins have fluctuated, with a slight decrease in 2025 compared to 2024, highlighting some profitability pressures. Revenue growth has been stable, with a significant jump in 2022, which has been maintained over the subsequent years. The EBIT and EBITDA margins have shown resilience, maintaining healthy levels, though with modest declines in recent years.
Balance Sheet
72
Positive
The company's debt-to-equity ratio has remained reasonable, suggesting prudent leverage management. Return on equity shows a positive trend, reflecting efficient use of equity capital to generate profits. The equity ratio remains stable, indicating a solid capital structure with a good proportion of equity financing. Overall, the balance sheet reflects a stable financial position, with manageable liabilities relative to assets and equity.
Cash Flow
68
Positive
Operating cash flow has improved significantly in 2025 after previous fluctuations, indicating enhanced cash generation from core operations. Free cash flow, although positive in 2025, has been inconsistent in prior years, reflecting variable capital expenditures and operational efficiency. The operating cash flow to net income ratio suggests improved cash conversion efficiency, though free cash flow relative to net income highlights ongoing challenges in maintaining consistent free cash flow.
BreakdownTTMDec 2025Dec 2023Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue12.83B12.40B12.58B12.58B9.21B6.11B
Gross Profit6.57B7.02B1.63B4.40B961.96M665.15M
EBITDA1.17B885.16M880.99M1.17B622.00M477.31M
Net Income418.42M372.92M297.35M544.11M142.25M90.42M
Balance Sheet
Total Assets0.0011.64B10.28B11.32B9.63B8.40B
Cash, Cash Equivalents and Short-Term Investments782.37M782.96M1.05B848.91M613.95M650.36M
Total Debt0.002.94B3.04B3.29B2.80B2.15B
Total Liabilities-5.56B6.09B5.57B6.10B5.19B4.07B
Stockholders Equity5.56B5.53B4.68B5.19B4.42B4.30B
Cash Flow
Free Cash Flow0.00116.73M605.24M-444.20M-542.65M-903.96M
Operating Cash Flow0.001.05B804.37M191.49M-129.24M825.92M
Investing Cash Flow0.00-382.26M-233.89M-305.44M-319.04M-176.01M
Financing Cash Flow0.00-611.09M-705.39M-377.83M23.91M-507.84M

Nelcast Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price118.25
Price Trends
50DMA
144.29
Negative
100DMA
144.38
Negative
200DMA
122.92
Negative
Market Momentum
MACD
-8.45
Negative
RSI
40.67
Neutral
STOCH
43.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NELCAST, the sentiment is Negative. The current price of 118.25 is below the 20-day moving average (MA) of 126.94, below the 50-day MA of 144.29, and below the 200-day MA of 122.92, indicating a bearish trend. The MACD of -8.45 indicates Negative momentum. The RSI at 40.67 is Neutral, neither overbought nor oversold. The STOCH value of 43.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NELCAST.

Nelcast Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
₹13.95B38.250.64%3.22%-49.10%
64
Neutral
₹14.64B72.960.06%-35.17%-22.63%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
59
Neutral
₹10.29B24.590.42%0.72%-24.19%
54
Neutral
₹12.53B40.910.69%-8.24%8.89%
52
Neutral
₹10.56B310.831.96%-0.66%-125.23%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:NELCAST
Nelcast Limited
118.25
-5.27
-4.27%
IN:ALICON
Alicon Castalloy Limited
853.65
-424.33
-33.20%
IN:DECCANCE
Deccan Cements Ltd
1,044.85
451.03
75.95%
IN:MANALIPETC
Manali Petrochemicals Limited
72.83
2.25
3.19%
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
152.60
-35.24
-18.76%
IN:UNIENTER
Uniphos Enterprises Limited
147.00
-23.04
-13.55%

Nelcast Limited Corporate Events

Nelcast Limited Releases Conference Call Transcript
Aug 4, 2025

Nelcast Limited, a company listed on both BSE and NSE, has announced that it held a conference call with fund managers, analysts, and investors on August 1, 2025. The transcript of this call has been made available on the company’s website, reflecting Nelcast’s commitment to transparency and communication with its stakeholders.

Nelcast Limited Releases AGM Voting Results
Aug 2, 2025

Nelcast Limited, a company listed on both BSE and NSE, held its 43rd Annual General Meeting (AGM) on August 1, 2025, via video conferencing. The company has submitted the voting results and the consolidated Scrutinizer’s Report from the AGM in accordance with SEBI regulations, which are now available on their website.

Nelcast Limited Reports Q2 2025 Financial Results
Aug 2, 2025

Nelcast Limited has announced its unaudited standalone and consolidated financial results for the quarter ending June 30, 2025. The results, published in major newspapers, show a total income from operations of approximately Rs. 33,599.70 lakhs, with a net profit of Rs. 1,250.49 lakhs after tax and exceptional items. This financial disclosure is part of the company’s compliance with SEBI regulations, reflecting its ongoing transparency and accountability to stakeholders.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 18, 2025