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Nelcast Ltd share Price

Company details

6M Return 47.36%
1Y Return 78.39%
Mkt Cap.(Cr) 1,275.00
Volume 2,219,792
Div Yield 0.27%
OI Chg %
Volume 2,219,792

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Other Industrial Products company Nelcast announced Q1FY24 results:

  • Total Revenue was at Rs 296.4 crore, down 1.1% YoY and 6.0% QoQ.
  • EBITDA at Rs 23.0 crore was down 1.5% YoY and up 10.2% QoQ; EBITDA margin at 7.8%
  • PAT stood at Rs 7.2 crore in Q1FY24 compared to Rs 7.8 crore in Q1FY23, down 7.6% YoY
  • PAT margin at 2.4%, down 17 bps YoY

Commenting on the performance P Deepak, Managing Director & CEO, said, “Our overall performance in Q1 was primarily impacted due to slowdown in the tractor segment and modest performance in the M&HCV segment on a YoY basis. However, I am pleased to share that our export revenues reported a strong growth of 23% YoY and stood at Rs 89 crore during the quarter driven by healthy order backlog. On the margin front, last quarter our EBITDA per kg was impacted due to divergence in international and domestic raw material prices, however, as expected, we saw some convergence this quarter that led to a significant improvement in the same. Our exports tend to have better realizations and contributed towards QoQ improvement in EBITDA per kg as well.

In FY24, we expect a double-digit top line growth driven by pick-up in M&HCV segment and strong growth in export markets.”



Result PDF

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Nelcast Ltd Stocks COMPARISION


Equity Capital: 468.40 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,676.55 -6,386.02
LAST 3M 37,244.98 6,086.45
LAST 6M 47,342.46 153,492.54
LAST 12M 133,811.11 156,210.35

Nelcast Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • The Company 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 engaged in the manufacture of castings that find application in the Automobile sector such as engine, transmission, suspension, axle, brake, steering, housings etc., farm equipment industry, railways and pipe fitting industries. 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.

Registered Address

34 Industrial Estate, , Gudur, Andhra Pradesh, 524101

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

Bigshare Services Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532864
Book Closure Date (Month) :
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 Sep 22, 2023 03:58 PM the closing price of Nelcast Ltd was ₹ 146.55.

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 Sep 22, 2023 03:58 PM, the market cap of Nelcast Ltd stood at ₹ 1,275.00.

The latest PE ratio of Nelcast Ltd as of Sep 22, 2023 03:58 PM is 43.75

The latest PB ratio of Nelcast Ltd as of Sep 22, 2023 03:58 PM is 0.37

The 52-week high of Nelcast Ltd is ₹ 146.55 while the 52-week low is ₹ 72.00

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