Nelcast Limited (IN:NELCAST)
:NELCAST
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Nelcast Limited
(NELCAST)
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Rating:68Neutral
Price Target:
₹147.00
▲(38.74% Upside)
Action:ReiteratedDate:03/07/26
The score is driven primarily by solid underlying financial performance (improving gross margins and a stable balance sheet) tempered by cash flow inconsistency and some net margin pressure. Technicals are mixed with the stock below key long-term averages, while valuation appears reasonable but with a low dividend yield.
Positive Factors
Improving gross margins
A sustained rise in gross profit margin from 2022–2025 indicates durable cost control and production efficiency gains. Higher gross margins underpin long-term earnings resilience, cushioning operating results against cyclical revenue swings and supporting reinvestment in capacity or value-added processes.
Negative Factors
Inconsistent free cash flow history
Variable free cash flow historically constrains the company's ability to consistently fund capex, reduce debt, or pay sustained dividends. Cash conversion volatility raises execution risk on investments and makes multi‑period planning and balance sheet smoothing more difficult for management.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving gross margins
A sustained rise in gross profit margin from 2022–2025 indicates durable cost control and production efficiency gains. Higher gross margins underpin long-term earnings resilience, cushioning operating results against cyclical revenue swings and supporting reinvestment in capacity or value-added processes.
Read all positive factors
Nelcast Limited (NELCAST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.59B
Dividend Yield0.48%
Average Volume (3M)13.82K
Price to Earnings (P/E)14.2
Beta (1Y)1.73
Revenue Growth5.96%
EPS Growth62.10%
CountryIN
Employees1,210
SectorBasic Materials
Sector Strength58
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)1.83
Shares Outstanding87,001,200
10 Day Avg. Volume25,194
30 Day Avg. Volume13,824
Financial Highlights & Ratios
PEG Ratio-0.65
Price to Book (P/B)1.38
Price to Sales (P/S)0.62
P/FCF Ratio65.55
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 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, rea...
How the Company Makes Money
Nelcast makes money primarily by manufacturing and selling ferrous (ductile iron) castings and value-added machined cast components to original equipment manufacturers (OEMs) and other industrial customers. Revenue is generated from (1) sale of ca...
Nelcast Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
72
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.52B | 12.40B | 12.58B | 9.21B | 6.11B | 5.67B |
| Gross Profit | 5.79B | 7.02B | 1.63B | 961.96M | 665.15M | 638.40M |
| EBITDA | 1.11B | 885.16M | 880.99M | 622.00M | 477.31M | 578.34M |
| Net Income | 367.81M | 372.92M | 297.35M | 142.25M | 90.42M | 360.05M |
Balance Sheet | ||||||
| Total Assets | 11.56B | 11.64B | 10.28B | 9.63B | 8.40B | 7.79B |
| Cash, Cash Equivalents and Short-Term Investments | 678.41M | 782.96M | 1.05B | 613.95M | 650.36M | 479.99M |
| Total Debt | 2.92B | 2.94B | 3.04B | 2.80B | 2.15B | 2.25B |
| Total Liabilities | 5.87B | 6.09B | 5.57B | 5.19B | 4.07B | 3.56B |
| Stockholders Equity | 5.66B | 5.53B | 4.68B | 4.42B | 4.30B | 4.20B |
Cash Flow | ||||||
| Free Cash Flow | 119.06M | 116.73M | 605.24M | -542.65M | -903.96M | -349.23M |
| Operating Cash Flow | 207.11M | 1.05B | 804.37M | -129.24M | 825.92M | 317.34M |
| Investing Cash Flow | -61.81M | -382.26M | -233.89M | -319.04M | -176.01M | -627.59M |
| Financing Cash Flow | -414.74M | -611.09M | -705.39M | 23.91M | -507.84M | 271.27M |
Nelcast Limited Technical Analysis
Positive
105.95
Price Trends
119.91
Positive
111.44
Positive
126.05
Positive
Market Momentum
4.51
Negative
70.94
Negative
92.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NELCAST, the sentiment is Positive. The current price of 105.95 is below the 20-day moving average (MA) of 123.76, below the 50-day MA of 119.91, and below the 200-day MA of 126.05, indicating a bullish trend. The MACD of 4.51 indicates Negative momentum. The RSI at 70.94 is Negative, neither overbought nor oversold. The STOCH value of 92.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NELCAST.
Nelcast Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹12.59B | 14.22 | ― | 0.48% | 5.96% | 62.10% | |
63 Neutral | ₹11.48B | 100.99 | ― | 0.65% | -0.84% | -37.57% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹9.24B | 3.95 | ― | 0.82% | 4.01% | 464.58% | |
52 Neutral | ₹10.35B | 3.42 | ― | 2.08% | 3.31% | 6542.77% | |
48 Neutral | ₹9.38B | -467.16 | ― | 0.08% | -14.36% | 1135.72% | |
46 Neutral | ₹7.58B | -247.22 | ― | 0.34% | -11.76% | 1526.28% |
* Basic Materials Sector Average
IN:NELCAST
Nelcast Limited
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58.61
68.08%
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Nelcast Limited Corporate Events
Nelcast files SEBI compliance certificate; confirms fully demat shareholding
Apr 8, 2026
Nelcast Limited has informed the stock exchanges that it has submitted a confirmation certificate from its registrar and share transfer agent, Bigshare Services Pvt. Ltd., under Regulation 74(5) of the SEBI (Depositories and Participants) Regulati...
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.