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Nelcast Limited
(NELCAST)
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Rating:52Neutral
Price Target:
₹105.00
▼(-9.95% Downside)
Action:Reiterated
Date:07/28/26
The score is held back primarily by weak technical trend (price below major moving averages). Financial performance is fair, supported by revenue growth and improving earnings with manageable leverage, but meaningful cash-flow volatility reduces quality. Valuation is moderate-to-slightly expensive with a low dividend yield, providing limited offset.
Positive Factors
Revenue Growth
The return to revenue growth in 2026, following material expansion over multiple years, indicates that Nelcast continues to participate in demand across automotive and engineering applications. Sustained top-line progress can support better capacity utilization and provide a foundation for improving earnings over the next several quarters.
Negative Factors
Volatile Cash Generation
Cash generation has improved recently but remains inconsistent across the historical period, with negative operating cash flow and sizeable free-cash-flow deficits in several years. This variability can make internally funded investment less predictable and leaves execution, working-capital, and capital-expenditure outcomes important to near-term financial quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The return to revenue growth in 2026, following material expansion over multiple years, indicates that Nelcast continues to participate in demand across automotive and engineering applications. Sustained top-line progress can support better capacity utilization and provide a foundation for improving earnings over the next several quarters.
Read all positive factors
Nelcast Limited (NELCAST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.74B
Dividend Yield0.58%
Average Volume (3M)7.59K
Price to Earnings (P/E)25.6
Beta (1Y)1.76
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. Volume11,380
30 Day Avg. Volume7,592
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
117.11
Positive
127.31
Negative
121.43
Negative
Market Momentum
0.33
Negative
58.64
Neutral
79.08
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 above the 20-day moving average (MA) of 112.66, below the 50-day MA of 117.11, and below the 200-day MA of 121.43, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 58.64 is Neutral, neither overbought nor oversold. The STOCH value of 79.08 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 | ₹49.95B | 4.76 | ― | ― | 1.82% | -12.22% | |
65 Neutral | ₹14.28B | 39.01 | ― | 0.57% | 13.71% | 0.15% | |
63 Neutral | ₹42.92B | 33.48 | ― | 0.22% | 12.19% | -1.62% | |
57 Neutral | ₹28.86B | 24.42 | ― | 0.70% | 9.58% | 2.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹10.74B | 25.59 | ― | 0.58% | 4.22% | -1.86% | |
47 Neutral | ₹27.08B | 10.40 | ― | 0.38% | -3.88% | ― |
* General Sector Average
IN:NELCAST
Nelcast Limited
120.60
-6.75
-5.30%
IN:ALICON
Alicon Castalloy Limited
874.30
21.33
2.50%
IN:MMFL
MM Forgings Limited
568.15
258.75
83.63%
IN:PITTIENG
Pitti Engineering Ltd.
1,123.75
129.63
13.04%
IN:ROLEXRINGS
Rolex Rings Limited
196.45
66.59
51.28%
IN:SUNCLAY
Sundaram-Clayton Limited
1,180.60
-524.35
-30.75%
Nelcast Limited Corporate Events
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.