Nelcast Limited (IN:NELCAST)
:NELCAST
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Nelcast Limited
(NELCAST)
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Rating:60Neutral
Price Target:
₹142.00
▲(34.03% Upside)
Action:Reiterated
Date:05/21/26
The score is primarily supported by fair-to-good financial performance (improving earnings and generally manageable leverage), but capped by historically volatile cash-flow conversion. Technicals are mixed with near-term weakness despite longer-term trend support, while valuation is reasonable on P/E but offers minimal dividend support.
Positive Factors
Revenue recovery
Return to revenue growth in 2026, with net income improving, signals the company can restore demand and operational momentum after uneven years. Sustained top-line growth supports better capacity utilization, steadier machining volumes, and provides room to reinvest in higher‑realization products over the medium term.
Negative Factors
Volatile free cash flow
Historically inconsistent free cash flow, including sizeable negative FCF in multiple years, signals recurring execution and working‑capital challenges. Such volatility increases the chance of episodic external financing, constrains reliable capital allocation, and raises execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
Return to revenue growth in 2026, with net income improving, signals the company can restore demand and operational momentum after uneven years. Sustained top-line growth supports better capacity utilization, steadier machining volumes, and provides room to reinvest in higher‑realization products over the medium term.
Read all positive factors
Nelcast Limited (NELCAST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.75B
Dividend Yield0.48%
Average Volume (3M)13.82K
Price to Earnings (P/E)14.2
Beta (1Y)1.81
Revenue Growth6.13%
EPS Growth29.99%
CountryIN
Employees1,210
SectorBasic Materials
Sector Strength58
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)4.24
Shares Outstanding87,001,200
10 Day Avg. Volume25,194
30 Day Avg. Volume13,824
Financial Highlights & Ratios
PEG Ratio-0.93
Price to Book (P/B)1.93
Price to Sales (P/S)3.65
P/FCF Ratio91.55
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
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 | 12.52B | 13.28B | 12.40B | 12.58B | 9.21B | 6.11B |
| Gross Profit | 5.79B | 4.91B | 7.02B | 4.40B | 961.96M | 665.15M |
| EBITDA | 1.11B | 1.10B | 885.16M | 1.17B | 622.00M | 477.31M |
| Net Income | 367.81M | 484.33M | 372.92M | 544.11M | 142.25M | 90.42M |
Balance Sheet | ||||||
| Total Assets | 11.56B | 11.99B | 11.64B | 11.32B | 9.63B | 8.40B |
| Cash, Cash Equivalents and Short-Term Investments | 678.41M | 848.11M | 782.96M | 848.91M | 613.95M | 650.36M |
| Total Debt | 2.92B | 2.57B | 2.94B | 3.29B | 2.80B | 2.15B |
| Total Liabilities | 5.87B | 5.99B | 6.09B | 6.10B | 5.19B | 4.07B |
| Stockholders Equity | 5.66B | 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 Technical Analysis
Neutral
105.95
Price Trends
130.55
Positive
118.56
Positive
125.48
Positive
Market Momentum
2.88
Positive
46.41
Neutral
6.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NELCAST, the sentiment is Neutral. The current price of 105.95 is below the 20-day moving average (MA) of 141.82, below the 50-day MA of 130.55, and below the 200-day MA of 125.48, indicating a neutral trend. The MACD of 2.88 indicates Positive momentum. The RSI at 46.41 is Neutral, neither overbought nor oversold. The STOCH value of 6.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹34.41B | 27.08 | ― | 0.18% | 12.79% | -7.77% | |
73 Outperform | ₹39.13B | 21.43 | ― | ― | -0.98% | 228.03% | |
72 Outperform | ₹21.82B | 24.91 | ― | 1.07% | -1.36% | -30.57% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹11.75B | 14.22 | ― | 0.48% | 6.13% | 29.99% | |
59 Neutral | ₹10.76B | 27.80 | ― | 0.65% | 2.95% | -25.58% | |
54 Neutral | ₹29.56B | 10.41 | ― | 0.39% | -10.34% | ― |
* Basic Materials Sector Average
IN:NELCAST
Nelcast Limited
135.00
16.56
13.98%
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655.55
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IN:MMFL
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451.90
93.67
26.15%
IN:PITTIENG
Pitti Engineering Ltd.
913.75
-67.56
-6.88%
IN:ROLEXRINGS
Rolex Rings Limited
143.70
-3.99
-2.70%
IN:SUNCLAY
Sundaram-Clayton Limited
1,340.85
-1,047.35
-43.86%
Nelcast Limited Corporate Events
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...
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.