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Nelcast Limited
(NELCAST)
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Rating:56Neutral
Price Target:
₹130.00
▲(11.49% Upside)
Action:Reiterated
Date:10/08/26
Overall score reflects fair underlying fundamentals (improving revenue and earnings with manageable leverage) tempered by meaningful cash-flow volatility. Technically, the stock is in a strong uptrend but appears overbought, while valuation is relatively expensive (high P/E and low yield), which caps the score.
Positive Factors
Revenue and earnings recovery
The return to revenue growth alongside improved net income indicates that the business is regaining operating momentum after an uneven period. Continued growth across automotive and engineering demand could support better capacity utilization and strengthen earnings over the next several quarters.
Negative Factors
Volatile cash conversion
Repeated swings in operating and free cash flow create uncertainty over how reliably accounting profits convert into funds available for investment or debt reduction. This volatility raises execution and working-capital risk and could constrain flexibility during weaker demand periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and earnings recovery
The return to revenue growth alongside improved net income indicates that the business is regaining operating momentum after an uneven period. Continued growth across automotive and engineering demand could support better capacity utilization and strengthen earnings over the next several quarters.
Read all positive factors
Nelcast Limited (NELCAST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.46B
Dividend Yield0.53%
Average Volume (3M)26.20K
Price to Earnings (P/E)28.0
Beta (1Y)1.66
Revenue Growth4.22%
EPS Growth-1.86%
CountryIN
Employees1,334
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)4.73
Shares Outstanding87,001,200
10 Day Avg. Volume10,227
30 Day Avg. Volume26,199
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)1.68
Price to Sales (P/S)0.75
P/FCF Ratio21.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nelcast Limited Business Overview & Revenue Model
Company Description
Nelcast Limited, an Indian company with an international presence, specializes in the production and sale of ductile and grey iron castings. Its product range encompasses a wide array of commercial vehicle parts, such as various suspension and eng...
How the Company Makes Money
Nelcast makes money mainly by manufacturing and selling cast metal components (ferrous castings) to customers, primarily original equipment manufacturers (OEMs) and component manufacturers in the automotive and engineering/industrial supply chain....
Nelcast Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.38B | 13.28B | 12.40B | 12.58B | 9.21B | 6.11B |
| Gross Profit | 6.11B | 4.91B | 7.02B | 4.40B | 961.96M | 665.15M |
| EBITDA | 1.12B | 1.10B | 885.16M | 1.17B | 622.00M | 477.31M |
| Net Income | 410.65M | 484.33M | 372.92M | 544.11M | 142.25M | 90.42M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 11.99B | 11.64B | 11.32B | 9.63B | 8.40B |
| Cash, Cash Equivalents and Short-Term Investments | 847.73M | 848.11M | 782.96M | 848.91M | 613.95M | 650.36M |
| Total Debt | 0.00 | 2.57B | 2.94B | 3.29B | 2.80B | 2.15B |
| Total Liabilities | -5.99B | 5.99B | 6.09B | 6.10B | 5.19B | 4.07B |
| Stockholders Equity | 5.99B | 5.97B | 5.53B | 5.19B | 4.42B | 4.30B |
Cash Flow | ||||||
| Free Cash Flow | 119.06M | 471.57M | 116.73M | -444.20M | -542.65M | -903.96M |
| Operating Cash Flow | 207.11M | 644.21M | 1.05B | 191.49M | -129.24M | 825.92M |
| Investing Cash Flow | -61.81M | -162.81M | -382.26M | -305.44M | -319.04M | -176.01M |
| Financing Cash Flow | -414.74M | -436.51M | -611.09M | -377.83M | 23.91M | -507.84M |
Nelcast Limited Technical Analysis
Positive
116.60
Price Trends
119.86
Positive
126.05
Positive
123.48
Positive
Market Momentum
1.43
Positive
51.20
Neutral
28.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NELCAST, the sentiment is Positive. The current price of 116.6 is below the 20-day moving average (MA) of 128.91, below the 50-day MA of 119.86, and below the 200-day MA of 123.48, indicating a neutral trend. The MACD of 1.43 indicates Positive momentum. The RSI at 51.20 is Neutral, neither overbought nor oversold. The STOCH value of 28.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NELCAST.
Nelcast Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹43.76B | 4.05 | ― | ― | 1.82% | -12.22% | |
65 Neutral | ₹14.28B | 38.94 | ― | 0.57% | 13.71% | 0.15% | |
57 Neutral | ₹23.27B | 20.61 | ― | 0.83% | 9.58% | 2.00% | |
56 Neutral | ₹11.46B | 28.03 | ― | 0.53% | 4.22% | -1.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹32.76B | 27.26 | ― | 0.29% | 14.74% | -6.46% | |
47 Neutral | ₹24.17B | 9.62 | ― | 0.40% | -3.88% | ― |
* General Sector Average
IN:NELCAST
Nelcast Limited
131.70
6.93
5.56%
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482.00
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IN:SUNCLAY
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-28.10%
Nelcast Limited Corporate Events
Nelcast Schedules Q2 and H1 FY27 Earnings Call for November 3
Oct 17, 2026
Nelcast Limited has scheduled an earnings conference call on November 3, 2026, at 11:00 a.m. IST to discuss its financial performance for the second quarter and first half of FY 2026-27 with fund managers, analysts and investors. The call, which o...
Nelcast posts analyst call recording on website for June-quarter results
Jul 28, 2026
Nelcast Limited has notified the stock exchanges that an audio recording of its analyst and investor conference call, held to discuss financial results for the quarter ended June 30, 2026, has been made available on its website. The disclosure und...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.