Nelcast Limited (NELCAST) AI Stock Analysis

• Market Cap: ₹10.28B
• Dividend Yield: 0.48%
• Average Volume (3M): 13.82K
• Price to Earnings (P/E): 14.2
• Beta (1Y): 1.83
• Revenue Growth: 0.43%
• EPS Growth: -23.95%
• Country: IN
• Employees: 1,210
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 1.83
• Shares Outstanding: 87,001,200
• 10 Day Avg. Volume: 25,194
• 30 Day Avg. Volume: 13,824
• PEG Ratio: -0.65
• Price to Book (P/B): 1.38
• Price to Sales (P/S): 0.62
• P/FCF Ratio: 65.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹126.00 ▲(18.92% Upside)
• Action: Reiterated Date: 03/07/26
• Date: Action: Reiterated 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 profit margins

A sustained, multi-year rise in gross margins signals stronger cost control or better product mix (more value-added machined castings). That durable margin expansion supports operating profitability, resilience to input-cost swings, and capacity to reinvest in productivity over the next 2–6 months.

Negative Factors

Volatile net profit margins

Fluctuating net margins indicate earnings are sensitive to cost pass-through, pricing, or overhead variability. That reduces predictability of bottom-line results and can constrain long-term free cash flow and returns even if gross margins improve.

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...

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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 Limited generates revenue primarily through the sale of its cast iron products, which are essential components in the automotive and industrial sectors. The company operates on a business-to-business (B2B) model, supplying parts to origina...

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Nelcast Limited generates revenue primarily through the sale of its cast iron products, which are essential components in the automotive and industrial sectors. The company operates on a business-to-business (B2B) model, supplying parts to origina...

Nelcast Limited Financial Statement Overview

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	4.40B	961.96M	665.15M	638.40M
EBITDA	1.11B	885.16M	1.17B	622.00M	477.31M	578.34M
Net Income	367.81M	372.92M	544.11M	142.25M	90.42M	360.05M
Balance Sheet
Total Assets	11.56B	11.64B	11.32B	9.63B	8.40B	7.79B
Cash, Cash Equivalents and Short-Term Investments	678.41M	782.96M	848.91M	613.95M	650.36M	479.99M
Total Debt	2.92B	2.94B	3.29B	2.80B	2.15B	2.25B
Total Liabilities	5.87B	6.09B	6.10B	5.19B	4.07B	3.56B
Stockholders Equity	5.66B	5.53B	5.19B	4.42B	4.30B	4.20B
Cash Flow
Free Cash Flow	119.06M	116.73M	-444.20M	-542.65M	-903.96M	-349.23M
Operating Cash Flow	207.11M	1.05B	191.49M	-129.24M	825.92M	317.34M
Investing Cash Flow	-61.81M	-382.26M	-305.44M	-319.04M	-176.01M	-627.59M
Financing Cash Flow	-414.74M	-611.09M	-377.83M	23.91M	-507.84M	271.27M

Nelcast Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 105.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 116.85, below the 50-day MA of 110.66, and below the 200-day MA of 126.73, indicating a neutral trend. The MACD of 1.99 indicates Positive momentum. The RSI at 50.99 is Neutral, neither overbought nor oversold. The STOCH value of 18.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NELCAST.

Nelcast Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NELCAST	68 Neutral	₹10.28B	14.22	―	0.48%	0.43%	-23.95%
ALICON	63 Neutral	₹9.91B	100.99	―	0.65%	-3.78%	-54.67%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TNPL	58 Neutral	₹8.87B	36.69	―	2.08%	4.65%	-127.24%
MANALIPETC	57 Neutral	₹7.25B	3.95	―	0.82%	-2.41%	178.19%
DECCANCE	48 Neutral	₹8.49B	-467.16	―	0.08%	-28.32%	93.44%
UNIENTER	46 Neutral	₹6.70B	-247.22	―	0.34%	―	―

Nelcast Limited Corporate Events