NELCAST

Nelcast Limited

Nelcast Limited (NELCAST) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Products›Castings & Forgings

nelcast.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹135.87
Market cap
1,183 Cr
Stock P/E
28.8
P/B
1.98
Dividend yield
0.4%
ROE (FY26)
8.1%
ROCE (FY26)
11.4%
Operating margin (FY26)
6.3%
Debt / equity (FY26)
0.43
OCF / EBITDA (FY26)
82.9%
OCF / EBITDA (3Y)
74.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Nelcast makes castings, such as differential carriers, axle housings and brake discs, for commercial vehicle, tractor, off-highway equipment, railway and passenger vehicle makers in India and abroad.

Company snapshot

6thBy market cap

Ranked among 10 companies in Castings & Forgings.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales358 Cr320 Cr295 Cr300 Cr330 Cr291 Cr330 Cr332 Cr299 Cr330 Cr368 Cr341 Cr
Operating expenses (approx.)327 Cr295 Cr280 Cr280 Cr309 Cr274 Cr300 Cr304 Cr282 Cr296 Cr336 Cr325 Cr
EBITDA32 Cr26 Cr16 Cr20 Cr21 Cr17 Cr30 Cr28 Cr17 Cr33 Cr32 Cr16 Cr
OPM %8.9%8.0%5.3%6.7%6.5%5.9%9.0%8.5%5.7%10.1%8.7%4.6%
Other income4 Cr3 Cr4 Cr2 Cr5 Cr6 Cr5 Cr4 Cr4 Cr3 Cr3 Cr4 Cr
Interest8 Cr8 Cr8 Cr8 Cr9 Cr9 Cr9 Cr9 Cr8 Cr8 Cr7 Cr7 Cr
Depreciation6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr7 Cr6 Cr7 Cr7 Cr7 Cr7 Cr
Profit before tax22 Cr31 Cr6 Cr10 Cr13 Cr8 Cr18 Cr17 Cr6 Cr21 Cr21 Cr7 Cr
Tax %25.4%18.1%14.4%21.9%23.9%25.5%25.5%24.7%25.2%25.5%26.0%23.2%
Net profit17 Cr26 Cr5 Cr8 Cr10 Cr6 Cr14 Cr13 Cr5 Cr16 Cr15 Cr5 Cr
EPS (₹)₹1.91₹2.93₹0.58₹0.91₹1.13₹0.69₹1.56₹1.44₹0.55₹1.83₹1.76₹0.59

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales—760 Cr856 Cr567 Cr611 Cr927 Cr1,264 Cr1,267 Cr1,252 Cr1,328 CrSign in free for the trailing twelve months
Operating expenses (approx.)—688 Cr780 Cr518 Cr569 Cr869 Cr1,185 Cr1,175 Cr1,163 Cr1,218 CrSign in free for the trailing twelve months
EBITDA—72 Cr76 Cr48 Cr42 Cr58 Cr79 Cr92 Cr89 Cr110 CrSign in free for the trailing twelve months
OPM %—9.4%8.9%8.5%6.9%6.3%6.3%7.3%7.1%8.3%Sign in free for the trailing twelve months
Other income—4 Cr6 Cr11 Cr9 Cr9 Cr16 Cr14 Cr17 Cr14 CrSign in free for the trailing twelve months
Interest—3 Cr7 Cr9 Cr17 Cr26 Cr31 Cr32 Cr35 Cr33 CrSign in free for the trailing twelve months
Depreciation—16 Cr17 Cr19 Cr22 Cr23 Cr24 Cr24 Cr25 Cr27 CrSign in free for the trailing twelve months
Profit before tax—57 Cr58 Cr31 Cr12 Cr19 Cr40 Cr69 Cr49 Cr65 CrSign in free for the trailing twelve months
Tax %—32.9%33.4%-16.9%26.4%25.3%26.2%20.7%24.4%25.4%Sign in free for the trailing twelve months
Net profit—38 Cr38 Cr36 Cr9 Cr14 Cr30 Cr54 Cr37 Cr48 CrSign in free for the trailing twelve months
EPS (₹)—₹4.40₹4.42₹4.14₹1.04₹1.64₹3.42₹6.25₹4.29₹5.57Sign in free for the trailing twelve months
Dividend payout %————0.0%12.2%8.8%6.4%9.3%9.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr
Reserves322 Cr350 Cr378 Cr403 Cr413 Cr424 Cr451 Cr502 Cr535 Cr579 Cr
Borrowings73 Cr98 Cr168 Cr212 Cr181 Cr280 Cr304 Cr329 Cr294 Cr257 Cr
Other liabilities132 Cr171 Cr215 Cr147 Cr226 Cr239 Cr254 Cr281 Cr314 Cr342 Cr
Total liabilities546 Cr639 Cr782 Cr782 Cr840 Cr963 Cr1,028 Cr1,132 Cr1,164 Cr1,199 Cr
Fixed assets (net)271 Cr264 Cr317 Cr303 Cr454 Cr467 Cr459 Cr446 Cr512 Cr502 Cr
CWIP12 Cr48 Cr103 Cr166 Cr14 Cr13 Cr13 Cr56 Cr2 Cr0.02 Cr
Investments0.11 Cr0.54 Cr0.32 Cr0.28 Cr0.43 Cr0.47 Cr11 Cr13 Cr23 Cr24 Cr
Inventories94 Cr111 Cr142 Cr128 Cr118 Cr159 Cr158 Cr190 Cr180 Cr191 Cr
Trade receivables76 Cr117 Cr121 Cr113 Cr164 Cr240 Cr256 Cr301 Cr340 Cr356 Cr
Cash & bank53 Cr55 Cr59 Cr48 Cr65 Cr61 Cr105 Cr85 Cr78 Cr85 Cr
Other assets39 Cr43 Cr39 Cr24 Cr24 Cr22 Cr26 Cr41 Cr29 Cr41 Cr
Total assets546 Cr639 Cr782 Cr782 Cr840 Cr963 Cr1,028 Cr1,132 Cr1,164 Cr1,199 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity28 Cr33 Cr75 Cr32 Cr83 Cr-13 Cr80 Cr19 Cr105 Cr92 Cr
Cash from investing-10 Cr-44 Cr-125 Cr-66 Cr-18 Cr-32 Cr-23 Cr-31 Cr-38 Cr-11 Cr
Cash from financing-17 Cr19 Cr44 Cr30 Cr-51 Cr2 Cr-71 Cr-38 Cr-61 Cr-76 Cr
Net cash flow1 Cr8 Cr-7 Cr-4 Cr14 Cr-42 Cr-13 Cr-49 Cr5 Cr4 Cr
Free cash flow (OCF − Capex)15 Cr-12 Cr-52 Cr-35 Cr61 Cr-53 Cr61 Cr-44 Cr66 Cr76 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—12.8%11.4%6.3%4.8%6.2%9.2%11.8%10.0%11.4%
ROE %—10.3%9.7%8.5%2.1%3.2%6.3%10.4%6.7%8.1%
Debtor days—565273989474879998
Inventory days—11511521015911791118120120
Days payable—9887132172133105133165168
Cash conversion cycle—7480151857860725350
OCF / EBITDA %—46.2%98.4%65.8%194.9%-22.2%101.4%20.8%118.4%82.9%
OCF / EBITDA % (3 years)———71.3%113.5%68.2%83.5%37.7%78.6%74.0%
Debt / equity0.220.270.430.500.420.630.650.630.530.43
Current ratio1.571.601.431.671.391.411.311.301.271.31
Net debt / EBITDA——1.453.402.743.762.512.642.441.56