NELCAST

Nelcast share price & financials

Price
₹128.43
Market cap
₹944 Cr
Sector
Capital Goods

What Nelcast Limited does

Nelcast manufactures ductile iron, grey iron and austempered ductile iron castings - precision components such as axle housings, differential carriers, transmission housings and brake discs - supplied to original equipment manufacturers and Tier-1 companies in the commercial vehicle, tractor, off-highway equipment, railway and passenger vehicle industries. It runs three manufacturing plants in Andhra Pradesh and Tamil Nadu built around high-pressure moulding lines, casting components from 0.5 kg up to 500 kg. Besides its domestic OEM base, the company exports machined castings to customers in North America, Europe and Southeast Asia.

Segments

  • Commercial Vehicles (M&HCV)
  • Tractors
  • Off-Highway Equipment
  • Railways
  • Passenger Vehicles
Installed casting capacity
160,000 Metric Tons/Year
Manufacturing plants
3 plants - Gudur, Ponneri and Pedapariya (Andhra Pradesh & Tamil Nadu)
Market position
Largest producer of Ductile Iron Castings in India; Top-10 producer of Grey Iron Castings
Casting size range produced
0.5 kg to 500 kg per casting
OEM/Tier-1 customer base
40+ customers
End-market segments served
5 - Commercial Vehicles, Tractors, Off-Highway Equipment, Railways, Passenger Vehicles
Founded 1982Headquarters Chennai, Tamil Nadu, India Company website

Quarterly results

Q1 FY27: revenue up 2.8%, net profit down 58.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue330 291 330 332 299 −10%330 +13%368 +12%341 +3%
EBITDA21 17 30 28 17 −20%33 +93%32 +7%16 −44%
Net profit10 6 14 13 5 −52%16 +166%15 +13%5 −59%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −25.6% 1Y

₹100₹120₹140₹160Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹145.88 on 10 Sept 2025 → ₹108.56. High ₹160.22 (8 May 2026), low ₹88.19 (29 Jan 2026).

Financials, as filed

Revenue grew 1.7% a year over 3 years, FY23 to FY26. Operating margin widened to 8.3%.

Year endingFY23FY24FY25FY26
Revenue₹1.3k Cr₹1.3k Cr₹1.3k Cr₹1.3k Cr
Operating profit₹80 Cr₹92 Cr₹89 Cr₹111 Cr
Operating margin6.3%7.3%7.1%8.3%
Interest₹31 Cr₹32 Cr₹35 Cr₹33 Cr
Depreciation₹24 Cr₹24 Cr₹25 Cr₹27 Cr
Net profit₹29 Cr₹54 Cr₹37 Cr₹48 Cr
Net margin2.3%4.3%3.0%3.6%
Cash from operations₹80 Cr₹20 Cr₹105 Cr₹92 Cr
Free cash flow₹64 Cr₹-15 Cr₹72 Cr₹76 Cr
ROCE10.0%10.0%10.0%11.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹17 Cr₹17 Cr₹17 Cr₹17 Cr₹17 Cr₹17 Cr
Reserves₹413 Cr₹424 Cr₹451 Cr₹502 Cr₹548 Cr₹579 Cr
Borrowings₹215 Cr₹280 Cr₹304 Cr₹329 Cr₹292 Cr₹257 Cr
Other liabilities₹195 Cr₹242 Cr₹256 Cr₹284 Cr₹298 Cr₹345 Cr
Total liabilities₹840 Cr₹963 Cr₹1.0k Cr₹1.1k Cr₹1.2k Cr₹1.2k Cr
Fixed assets₹455 Cr₹467 Cr₹459 Cr₹446 Cr₹507 Cr₹503 Cr
Capital work in progress₹14 Cr₹13 Cr₹13 Cr₹56 Cr₹2 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹11 Cr₹13 Cr₹23 Cr₹24 Cr
Other assets₹371 Cr₹482 Cr₹545 Cr₹617 Cr₹623 Cr₹672 Cr
Total assets₹840 Cr₹963 Cr₹1.0k Cr₹1.1k Cr₹1.2k Cr₹1.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.51 pp while FIIs added +0.39 pp. The shareholder count shrank 3% to 28,233.

Promoters
74.9%
FIIs
0.4%
DIIs
0.1%
Public
24.6%

Since Jun 2025

  • Public −0.51 pp
  • FIIs +0.39 pp
  • DIIs +0.12 pp

How it drifted, 12 quarters

Over this window the public went from 23.5% to 24.6% — +1.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.9%, FIIs 1.1%, DIIs 0.6%, Public 23.5%.Dec '23: Promoters 74.9%, FIIs 0.9%, DIIs 0.5%, Public 23.8%.Mar '24: Promoters 74.9%, FIIs 0.9%, DIIs 0.5%, Public 23.8%.Jun '24: Promoters 74.9%, FIIs 0.8%, DIIs 0.5%, Public 23.8%.Sep '24: Promoters 74.9%, FIIs 0.0%, Public 25.1%.Dec '24: Promoters 74.9%, Public 25.1%.Mar '25: Promoters 74.9%, FIIs 0.1%, Public 25.1%.Jun '25: Promoters 74.9%, Public 25.1%.Sep '25: Promoters 74.9%, FIIs 0.8%, DIIs 0.0%, Public 24.3%.Dec '25: Promoters 74.9%, FIIs 0.5%, DIIs 0.1%, Public 24.6%.Mar '26: Promoters 74.9%, FIIs 0.4%, DIIs 0.1%, Public 24.6%.Jun '26: Promoters 74.9%, FIIs 0.4%, DIIs 0.1%, Public 24.6%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Nelcast Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
P Deepak 39.63%unchanged
P Divya 18.57%unchanged
P Deepak Huf 16.67%unchanged
Kanuri Family Trust 2.73%unchanged
Veena P 1.52%unchanged
Viraja Perneti 1.42%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Fair

To justify its price of ₹109, this stock must grow earnings at 18% every year for 7 years. Our analysis caps realistic growth at ~18%. At that growth it is worth ₹109 — upside of 0%.

Growth the price implies
17.8% a year
for 7 years, fading to 4%
It has actually compounded at
18.4% a year
net profit, FY23–FY26 · EPS 17.8%
The gap
-0.0 pp
0% downside if it only repeats history
Price today ₹108.56 Value at the reference growth ₹108.66

Change the assumptions yourself →

Learn to analyse Nelcast Limited

Guides on how to read this kind of business and the numbers that matter.