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Nelcast Limited
(NELCAST)
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Rating:52Neutral
Price Target:
₹118.00
▲(1.20% Upside)
Action:Reiterated
Date:07/28/26
The score is held back primarily by weak technical trend (price below major moving averages). Financial performance is fair, supported by revenue growth and improving earnings with manageable leverage, but meaningful cash-flow volatility reduces quality. Valuation is moderate-to-slightly expensive with a low dividend yield, providing limited offset.
Positive Factors
Sustained revenue growth
Multi-year top-line expansion with a return to growth in 2026 indicates durable demand for cast components and strengthening order flow from OEMs. Sustained revenue growth supports scale, better fixed-cost absorption and long-term investment in capacity and product quality.
Negative Factors
Volatile cash generation
Irregular operating and free cash flow raises structural execution risk: unpredictable funding for capex, working capital, or debt service can constrain growth initiatives and force reactive financing, reducing strategic continuity over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Multi-year top-line expansion with a return to growth in 2026 indicates durable demand for cast components and strengthening order flow from OEMs. Sustained revenue growth supports scale, better fixed-cost absorption and long-term investment in capacity and product quality.
Read all positive factors
Nelcast Limited (NELCAST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.24B
Dividend Yield0.59%
Average Volume (3M)13.82K
Price to Earnings (P/E)24.9
Beta (1Y)1.70
Revenue Growth4.22%
EPS Growth-1.86%
CountryIN
Employees1,334
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)4.73
Shares Outstanding87,001,200
10 Day Avg. Volume25,194
30 Day Avg. Volume13,824
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)1.68
Price to Sales (P/S)0.75
P/FCF Ratio21.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nelcast Limited Business Overview & Revenue Model
Company Description
Nelcast Limited, an Indian company with an international presence, specializes in the production and sale of ductile and grey iron castings. Its product range encompasses a wide array of commercial vehicle parts, such as various suspension and eng...
How the Company Makes Money
Nelcast makes money mainly by manufacturing and selling cast metal components (ferrous castings) to customers, primarily original equipment manufacturers (OEMs) and component manufacturers in the automotive and engineering/industrial supply chain....
Nelcast Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.38B | 13.28B | 12.40B | 12.58B | 9.21B | 6.11B |
| Gross Profit | 6.11B | 4.91B | 7.02B | 4.40B | 961.96M | 665.15M |
| EBITDA | 1.12B | 1.10B | 885.16M | 1.17B | 622.00M | 477.31M |
| Net Income | 410.65M | 484.33M | 372.92M | 544.11M | 142.25M | 90.42M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 11.99B | 11.64B | 11.32B | 9.63B | 8.40B |
| Cash, Cash Equivalents and Short-Term Investments | 847.73M | 848.11M | 782.96M | 848.91M | 613.95M | 650.36M |
| Total Debt | 0.00 | 2.57B | 2.94B | 3.29B | 2.80B | 2.15B |
| Total Liabilities | -5.99B | 5.99B | 6.09B | 6.10B | 5.19B | 4.07B |
| Stockholders Equity | 5.99B | 5.97B | 5.53B | 5.19B | 4.42B | 4.30B |
Cash Flow | ||||||
| Free Cash Flow | 119.06M | 471.57M | 116.73M | -444.20M | -542.65M | -903.96M |
| Operating Cash Flow | 207.11M | 644.21M | 1.05B | 191.49M | -129.24M | 825.92M |
| Investing Cash Flow | -61.81M | -162.81M | -382.26M | -305.44M | -319.04M | -176.01M |
| Financing Cash Flow | -414.74M | -436.51M | -611.09M | -377.83M | 23.91M | -507.84M |
Nelcast Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹48.00B | 4.28 | ― | ― | 1.82% | 548.22% | |
61 Neutral | ₹28.75B | 29.04 | ― | 0.72% | 4.24% | -19.45% | |
60 Neutral | ₹11.80B | 34.12 | ― | 0.65% | 13.71% | 0.15% | |
59 Neutral | ₹39.84B | 31.57 | ― | 0.16% | 12.19% | -1.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹27.45B | 10.99 | ― | 0.39% | -3.88% | ― | |
52 Neutral | ₹10.24B | 24.90 | ― | 0.60% | 4.22% | -1.86% |
* General Sector Average
IN:NELCAST
Nelcast Limited
117.75
-43.76
-27.10%
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Nelcast Limited Corporate Events
Nelcast posts analyst call recording on website for June-quarter results
Jul 28, 2026
Nelcast Limited has notified the stock exchanges that an audio recording of its analyst and investor conference call, held to discuss financial results for the quarter ended June 30, 2026, has been made available on its website. The disclosure und...
Nelcast Warns Investors of Share Transfer to IEPF Over Unclaimed Dividends
May 10, 2026
Nelcast Limited has published newspaper advertisements in Financial Express and Andhra Prabha to notify shareholders about the impending transfer of certain equity shares to the Investor Education and Protection Fund. The move targets shares linke...
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.