loader2
Partner With Us NRI

Nelcast Ltd share Price Today

Company details

142.20
144.43
87.65
194.30
6M Return -17.58%
1Y Return 53.20%
Mkt Cap.(Cr) 1,250.20
Volume 74,630
Div Yield 0.28%
OI
-
OI Chg %
-
Volume 74,630

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Industrial Products company Nelcast announced Q4FY24 & FY24 results:

  • Total Revenue was at Rs 1,281.2 crore, flat at 0.09% YoY
  • EBITDA at Rs 106.5 crore, up 11.6% YoY; EBITDA margin at 8.3%.
  • The Profit After Tax stood at Rs 54.4 crore and Adjusted Profit After Tax stood at Rs. 36.6 crore
  • Sector-wise Revenue:
  • In FY24, the largest share was contributed by M&HCV making up 38.6% of the total revenues, followed by Tractors – 21.2%, Exports – 35.4%, Railways – 2.2%, Off-highway equipment – 2.3%, and Others – 0.3%.
  • In FY23, M&HCV contributed 39.3% to revenues, Tractors – 29.3%, Exports – 26.2%, Railways – 3.2%, Off-highway equipment – 1.7%, and Others – 0.3%.

Commenting on the performance, Deepak Reddy Ponnavolu, Managing Director & CEO of Nelcast, said “The operational and financial performance for FY24 reflects both the challenges and successes we have encountered. The year was marked by a slow demand in the second half, influenced by the general elections, which notably affected the sales of our M&HCV segment and muted demand from tractor market.

However, we reported an exceptional performance in our export division. We achieved a remarkable 35% year-onyear growth in exports, exceeding our target of Rs 100 crore each quarter and concluded FY24 with an impressive Rs 445 crore of export revenue. This success is part of a sustained growth story, with a seven-year compound annual growth rate (CAGR) of 40% from FY18 to FY24. The EBITDA per kg also saw a notable increase to Rs 12.48, up by 10% YoY from Rs 11.34 in FY23, thanks to improved operational performance. Our Pedapariaya Plant in Andhra Pradesh now boasts a newly installed 1 MW inhouse solar power plant, reinforcing our dedication to sustainability and cost-effectiveness while reducing our carbon footprint.

Looking ahead, we are optimistic about the export market's trajectory, anticipating strong growth fuelled by increased volumes and the introduction of new products. In the domestic market, we expect to see a resurgence in the Commercial Vehicle industry in H2FY25. With robust export growth, a proficient team, and continued operational efficiencies, we are poised to deliver strong performance in the coming fiscal year. Our strategic initiatives and resilient business model equip us to navigate market fluctuations and capitalize on growth opportunities.”

Result PDF

View Other Company Results

Nelcast Ltd shares SWOT Analysis

Strengths (9)

  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (2)

  • Declining Revenue every quarter for the past 2 quarters
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 144.7
R2 145.7
R3 146.9
Pivot

143.44

S1 142.5
S2 141.2
S3 140.2
EMA SMA
141.2
143.8
146.7
143.8
139.1
146.0
147.8
154.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-09 186.12 1255368 NSE
QE SECURITIES LLP Bulk Purchase 2023-11-09 186.14 441745 NSE
MAGPRO SECURITIES PVT LTD Bulk Purchase 2023-11-09 188.82 367482 NSE
Name Category Shares
P DEEPAK PROMOTER 39.63%
P DEEPAK HUF PROMOTER 16.67%
P DIVYA PROMOTER 18.57%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Nelcast Ltd Stocks COMPARISON

Financials( in Cr) Nelcast Ltd Bharat Forge Ltd AIA Engineering Ltd CIE Automotive India Ltd PTC Industries Ltd
Price 143.70 1,717.30 3,976.80 569.55 14,729.60
% Change 0.42 4.91 3.95 -1.81 17.59
Mcap Cr 1,250.20 79,955.60 37,509.18 21,606.56 21,271.02
Revenue TTM Cr 1,263.97 12,910.26 4,908.77 9,280.35 219.26
Net Profit TTM Cr 29.74 508.39 1,056.50 1,125.15 25.82
PE TTM 31.04 83.39 32.99 26.73 0.00
1 Year Return 53.20 107.00 22.05 14.05 302.93
ROCE 9.58 7.32 25.25 17.73 11.33
ROE 6.54 6.88 20.23 20.31 10.87
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 468.40 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20

Nelcast Ltd Information

Stock PE (TTM)
31.04
Promoter Holding
74.87%
Book Value
59.6762
ROCE
9.58%
ROE
6.54%
Description
  • Nelcast Ltd was incorporated on 7th June, 1982 as Nelcast Private Limited at Nellore (Andhra Pradesh). Subsequently, the Company was converted into a Public Limited Company and the name was changed to Nelcast Limited on 20th September 1995. Mr P. Radhakrishna Reddy promoted the Company. Nelcast is a leading producer of ductile & grey iron castings in India. Besides a strong position in domestic market, the Company has a rapidly growing presence spread across North America, Europe and Southeast Asia. It has total installed production capacity of 160,000 Metric tonnes per annum. Its factories are located at Ponneri in Tamil Nadu, and at Gudur and Pedapariya in Andhra Pradesh. Presently, it is engaged in manufacture of Iron Castings in Automobile sector such as engine, transmission, suspension, axle, brake, steering, housings etc., farm equipment industry, railways and pipe fitting industries. It serves as a strategic supplier and partner of first choice to TAFE, Tata Motors, DANA, Ashok Leyland, Automotive Axles Limited, Meritor and American Axles & Manufacturing, among others. The Company is a one-stop shop for its customers for Grey Iron, Ductile Iron and Austempered Ductile Iron ranging from 0.5 kg to 400 kg. Nelcast`s manufacturing plants are in close proximity to Chennai, which is a major manufacturing hub for automotive companies. Chennai forms both a key customer base for Nelcast and a reliable source of steel scrap, a crucial raw material for the Company. All 3 plants are within 15-110 km of India`s largest source of Silica Sand near Gudur. Moreover, Chennai`s International airport with direct flights to Europe, MiddleEast & Southeast/East Asia make it convenient for customers to visit and see the Company`s world class facilities first hand. The location enhances Company`s export business given it is close to Krishnapatnam & Chennai seaports that gives easy access to reach its customers around the world. The first unit set up in Gudur, Andhra Pradesh, with an installed capacity of 1200 MT per annum for manufacturing ductile iron parts, commenced commercial production in the year 1985, to serve as an ancillary unit to meet the requirements of Ashok Leyland Ltd. Subsequently, The company has started to cater the requirements of farm equipment manufacturers and other heavy commercial vehicle manufacturers like Tata Motors, Mahindra & Mahindra, Tata Cummins, Tafe, to name a few. In less than a decade, the unit was received ISO 9002-1994 / EN ISO 9002-1994 Quality certification by the Indian Register Quality Systems. In the year 1996, a new manufacturing unit was established in Ponneri, Tamil Nadu with an installed capacity of 12,000 MT per annum, for manufacture of Grey Iron and Ductile Iron parts, wherein the state-of-the-art machine shop, consisting of CNC and special purpose machines, and the Kunkel Wagner Moulding line were installed. Both the units have a distinct locational advantage of having proximity to the Chennai Port and also being well connected by both the railways and roadways. In the year 2003 a subsidiary Nelcast USA Inc. was incorporated for managing the marketing, customer care service and coordinating with the overseas clients of Nelcast, particularly those located in the US. In the year 2006, the company current manufacturing capacity of both the manufacturing units stands at 72,000 MT per annum, geared to reach 1,02,000 MT per annum by the end of the current financial year. Apart from servicing the domestic requirement, the Company is also exporting to USA, Europe and Australia. During financial year 2007-08, the Company made an Initial Public Offer of 43,50,000 equity shares through 100% Book Building Process which opened on 4th June 2007 and closed on 8th June 2007. The shares were allotted on June 21, 2007 and got listed on June 27, 2007 on Bombay Stock Exchange Limited and National Stock Exchange of India Limited. As a result of the Public Issue, the net worth of the Company substantially increased. The Company disposed off its shares held in the subsidiary Company, Nelcast USA Inc in 2011-12 and hence, Nelcast USA Inc was no more a subsidiary. NC Energy Ltd. was made a subsidiary company in 2012-13.

Registered Address

34 Industrial Estate, , Gudur, Andhra Pradesh, 524101

Tel : 91-8624-251266/766
Email : nelcast:nelcast.com; sivakumar:nelcast.com
Website : http://www.nelcast.com
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532864
NSE Code : NELCAST
Book Closure Date (Month) : Jul/Aug
BSE Group : B
ISIN : INE189I01024

FAQ’s on Nelcast Ltd Shares

You can buy Nelcast Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Nelcast Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:49 PM the closing price of Nelcast Ltd was Rs.143.70.

The latest PE ratio of Nelcast Ltd as of Jun 14, 2024 03:49 PM is 31.04

The latest PB ratio of Nelcast Ltd as of Jun 14, 2024 03:49 PM is 0.42

The 52-week high of Nelcast Ltd share price is Rs. 194.30 while the 52-week low is Rs. 87.65

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:49 PM, the market cap of Nelcast Ltd stood at Rs. 1,250.20.

Download App

Download Our App

Play Store App Store
market app