TULSYAN
Tulsyan NEC financials
- Market cap
- ₹48 Cr
- Sector
- Capital Goods
What Tulsyan NEC Ltd does
Tulsyan NEC Limited manufactures iron and steel at its Steel Division in Gummudipoondi, Tamil Nadu, and produces poly woven fabric and sacks at its Synthetics Division in Doddaballapura, Karnataka. The company also generates power for its own operations through a captive thermal power plant in Gummidipoondi and a windmill in Tirunelveli district, both in Tamil Nadu.
Segments
- Steel Division
- Synthetics Division
- Power Generation
- Operating sites
- 4 — Steel Division & Power Plant (Gummudipoondi, TN), Synthetics Division (Doddaballapura, Karnataka), Windmill (Tirunelveli district, TN)
- Manufacturing divisions
- 2 (Steel Division; Synthetics Division)
- Captive power sources
- 2 (thermal power plant + windmill)
- Core business lines
- Iron & steel, poly woven fabric/sacks, power generation
Quarterly results
Q1 FY27: revenue down 40.3%, net profit down 181.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 181 | 160 | 196 | 233 | 215 +19% | 136 −15% | 145 −26% | 139 −40% |
| EBITDA | 9 | -13 | 0 | 11 | 2 −78% | -11 +15% | -5 | -6 −155% |
| Net profit | -5 | -27 | -41 | -11 | -6 −20% | -28 −4% | -19 +54% | -31 −182% |
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 −7.0% YTD
YTD: ₹25.8 on 4 Jun 2014 → ₹24. High ₹32.25 (7 Aug 2014), low ₹23 (19 Oct 2014).
Financials, as filed
Revenue fell 12.7% a year over 2 years, FY24 to FY26. Operating margin held at -0.4%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹956 Cr | ₹798 Cr | ₹729 Cr |
| Operating profit | ₹-3 Cr | ₹10 Cr | ₹-3 Cr |
| Operating margin | -0.3% | 1.3% | -0.4% |
| Interest | ₹40 Cr | ₹63 Cr | ₹70 Cr |
| Depreciation | ₹25 Cr | ₹22 Cr | ₹23 Cr |
| Net profit | ₹-50 Cr | ₹-73 Cr | ₹-64 Cr |
| Net margin | -5.2% | -9.1% | -8.8% |
| Cash from operations | ₹11 Cr | ₹36 Cr | ₹-1 Cr |
| Free cash flow | ₹65 Cr | ₹26 Cr | ₹37 Cr |
| ROCE | -1.0% | -1.0% | 1.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹15 Cr | ₹15 Cr | ₹17 Cr | ₹17 Cr | ₹16 Cr | ₹16 Cr |
| Reserves | ₹-639 Cr | ₹150 Cr | ₹403 Cr | ₹351 Cr | ₹217 Cr | ₹192 Cr |
| Borrowings | ₹1.5k Cr | ₹617 Cr | ₹356 Cr | ₹314 Cr | ₹387 Cr | ₹385 Cr |
| Other liabilities | ₹106 Cr | ₹135 Cr | ₹138 Cr | ₹158 Cr | ₹200 Cr | ₹196 Cr |
| Total liabilities | ₹957 Cr | ₹917 Cr | ₹914 Cr | ₹840 Cr | ₹821 Cr | ₹789 Cr |
| Fixed assets | ₹650 Cr | ₹628 Cr | ₹565 Cr | ₹542 Cr | ₹507 Cr | ₹502 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹13 Cr | ₹0 Cr |
| Investments | ₹6 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹0 Cr | ₹7 Cr |
| Other assets | ₹301 Cr | ₹283 Cr | ₹343 Cr | ₹289 Cr | ₹302 Cr | ₹280 Cr |
| Total assets | ₹957 Cr | ₹917 Cr | ₹914 Cr | ₹840 Cr | ₹821 Cr | ₹789 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 −0.91 pp while promoters added +0.80 pp. The shareholder count shrank 3% to 4,396.
- Promoters
- 64.2%
- DIIs
- 10.1%
- Public
- 25.7%
Since Jun 2025
- Public −0.91 pp
- Promoters +0.80 pp
- DIIs +0.12 pp
How it drifted, 12 quarters
Over this window DIIs went from 0.0% to 10.1% — +10.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 70.5%, Public 29.5%.Dec '23: Promoters 70.5%, Public 29.5%.Mar '24: Promoters 70.5%, Public 29.6%.Jun '24: Promoters 70.5%, Public 29.5%.Sep '24: Promoters 63.4%, DIIs 10.0%, Public 26.6%.Dec '24: Promoters 63.4%, DIIs 10.0%, Public 26.6%.Mar '25: Promoters 63.4%, DIIs 10.0%, Public 26.6%.Jun '25: Promoters 63.4%, DIIs 10.0%, Public 26.6%.Sep '25: Promoters 64.2%, DIIs 10.1%, Public 25.7%.Dec '25: Promoters 64.2%, DIIs 10.1%, Public 25.7%.Mar '26: Promoters 64.2%, DIIs 10.1%, Public 25.7%.Jun '26: Promoters 64.2%, DIIs 10.1%, Public 25.7%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Tulsyan NEC Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sanjay Tulsyan | 27.19% | unchanged |
| Lalit Kumar Tulsyan | 25.02% | unchanged |
| India Special Assets Fund III (a scheme of ISAF III) VC / PE | 6.99% | unchanged |
| Priya Tulsyan | 5.80% | unchanged |
| Alka Tulsyan | 4.56% | unchanged |
| ISAF III Onshore Fund (a scheme of Edelweiss Credit Opportunities Trust) Mutual fund | 3.14% | unchanged |
| G B R Metals Private Limited | 1.02% | unchanged |
| Priyanka Sharma | 0.88% | unchanged |
| Prerna Tulsyan | 0.40% | unchanged |
| Antara Tulsyan | 0.35% | unchanged |
| Lalit Kumar Tulsyan Huf | 0.00% | 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.
Learn to analyse Tulsyan NEC Ltd
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