Nelco Ltd - Stock Valuation and Financial Performance

BSE: 504112 | NSE: NELCO | IT - Hardware | Small Cap

NELCO Share Price

688 -9.25 -1.33%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on NELCO

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Nelco stock performance -

mw4me loader
P/E Ratio (SA):
63.77
Market Cap:
1,581.5 Cr.
52-wk low:
489.9
52-wk high:
894

Is Nelco Ltd an attractive stock to invest in?

1. Is Nelco Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nelco Ltd is a average quality company.

2. Is Nelco Ltd undervalued or overvalued?

The key valuation ratios of Nelco Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Nelco Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nelco Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of NELCO:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nelco Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Sep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -9.5%6.8%9.7%1.6%3.4%18.5%9.6%13.3%12%20.8%-
Value Creation
Index
-1.7-0.5-0.3-0.9-0.80.3-0.3-0.1-0.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11091.788.825.731.933.638.3131143197224
Sales YoY Gr.--16.4%-3.2%-71.1%24.2%5.2%14.2%242.1%9.2%37.6%-
Adj EPS -7.10.5-0.1-1.6-0.54.11.944.48.810.9
YoY Gr.-NA-116.3%NANANA-54.9%116.1%8.2%102.1%-
BVPS (₹) 44.52.56.510.718.422.533.637.144.349.7
Adj Net
Profit
-16.21.1-0.2-3.6-1.29.44.39.29.920.125
Cash Flow from Ops. 21.924.10.626.61711.910.947.711.939.9-
Debt/CF from Ops. 3.62.685.41.92.12.73.40.41.50.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%43.9%72.6%37.6%
Adj EPS NANA67.8%102.1%
BVPS30.7%32.8%25.3%19.6%
Share Price 33.7% 20.3% 53.6% 32.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Sep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-93.711.4-2.8-30.4-6.128.29.114.312.321.623.1
Op. Profit
Mgn %
-4.448.7-4.44.913.423.117.81520.921.6
Net Profit
Mgn %
-14.71.2-0.2-13.9-3.82811.176.910.211.1
Debt to
Equity
8.56.19.43.41.40.80.70.20.20.2-
Working Cap
Days
4934982961,30166142544516518213957
Cash Conv.
Cycle
13262341989158892220317

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.10%

Sales growth is growing at healthy rate in last 3 years 72.59%

Net Profit is growing at healthy rate in last 3 years 67.81%

Sales growth is good in last 4 quarters at 25.71%

No data to display

Latest Financials - Nelco Ltd.

Standalone Consolidated
TTM EPS (₹) 10.9 10.2
TTM Sales (₹ Cr.) 224 321
BVPS (₹.) 49.7 51.2
Reserves (₹ Cr.) 91 94
P/BV 13.95 13.53
PE 63.77 68.08
From the Market
52 Week Low / High (₹) 489.90 / 894.00
All Time Low / High (₹) 2.20 / 1700.00
Market Cap (₹ Cr.) 1,582
Equity (₹ Cr.) 22.8
Face Value (₹) 10
Industry PE 82.1

Management X-Ray of NELCO:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSSep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1109213326323438131143197
Operating Expenses 1158912227312930108122156
Manufacturing Costs1315264545625981
Material Costs5438420000000
Employee Cost 23172815171817192123
Other Costs 2420257987274151
Operating Profit -5212-1149232141
Operating Profit Margin (%) -4.7%2.4%8.7%-4.4%3.9%13.2%23.0%17.8%15.0%20.9%
Other Income 4677322233
Interest 106127545434
Depreciation 65701118811
Exceptional Items 01200006000
Profit Before Tax -1690-1-1211121329
Tax 00000-83338
Profit After Tax -1690-1-19891021
PAT Margin (%) -14.9%9.6%-0.2%-5.0%-3.9%27.9%21.3%7.0%7.1%10.6%
Adjusted EPS (₹)-7.23.9-0.1-0.6-0.54.13.64.14.59.2
Dividend Payout Ratio (%)0%0%0%0%0%37%34%30%40%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSSep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 9109152542517785101
Share Capital 23232323232323232323
Reserves -14-12-14-821929546278
Minority Interest0000000000
Debt77637950353337171812
Long Term Debt10000000012
Short Term Debt7662795035333717180
Trade Payables41332720322131312
Others Liabilities 37351427571111201505162
Total Liabilities 164141129112120188210256166187

Fixed Assets

Gross Block758122307887697118
Accumulated Depreciation5358712456334252
Net Fixed Assets23231519332425566
CWIP 1013000421
Investments 227665503030
Inventories201589000000
Trade Receivables5237393191015213541
Cash Equivalents 21532369513
Others Assets676254421001681811793936
Total Assets 164141129112120188210256166187

Cash Flow

(All Figures are in Crores.)
PARTICULARSSep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2224127171211481240
PBT -16-1117121318161429
Adjustment 15141468131912914
Changes in Working Capital 2710-992-12-229-13-2
Tax Paid -3-1-65-4-2-4102-2
Cash Flow From Investing Activity -30-39-3-37-20-15-9-22
Capex -5-6-5-9-9-42-28-16-11-22
Net Investments 00040070-240
Others 363155511260
Cash Flow From Financing Activity -20-245-41-10265-44-7-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1-100000000
Interest Paid -9-9-12-8-5-6-10-4-2-2
Dividend Paid -100000-4-3-3-4
Others -9-1417-33-53319-37-3-4
Net Cash Flow -103-541-5-11-48
PARTICULARSSep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-94.8190.88-2.33-11.02-6.2428.1117.514.4212.6722.49
ROCE (%)-6.8218.8214.117.35.78.8519.6918.3216.1730.3
Asset Turnover Ratio0.620.610.990.210.280.220.190.560.681.12
PAT to CFO Conversion(x)N/A2.67-INFN/AN/A1.331.385.331.21.9
Working Capital Days
Receivable Days206175104498226101120517170
Inventory Days676932121000000
Payable Days2623592630000000

Nelco Ltd Stock News

Nelco Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NELCO on 28-Mar-2024 16:01 is ₹688.0.
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 28-Mar-2024 16:01 the market cap of NELCO stood at ₹1,581.5.
The latest P/E ratio of NELCO as of 28-Mar-2024 16:01 is 63.77.
The latest P/B ratio of NELCO as of 28-Mar-2024 16:01 is 13.95.
The 52-week high of NELCO is ₹894.0 and the 52-week low is ₹489.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NELCO is ₹223.8 ( Cr.) .

About Nelco Ltd

Nelco was established in 1940 and is a part of the leading business house - the Tata group. The company is focused on system integration and product management for industrial controls, power, electronics, defence electronics, VSAT networks and automation. The complete range of the company’s electronic products and solutions are assembled, integrated and tested at Mahape. The premises also house R&D facilities focusing on indigenisation.

Nelco has a nationwide sales and service network with four regional offices, eight branch offices and various project based service locations, providing suitable infrastructure for prompt customer service across the country.

The company is headquartered at Mumbai with 75,000 square feet of modern manufacturing facility at Mahape, Navi Mumbai.

Business area of the company

Nelco specializes in the areas of security and surveillance for defence and civil applications, traction, electronics for locomotives, turnkey projects involving supervisory control and data acquisition system (SCADA), AC and DC drives, real time and embedded software and network management system with VSAT based networks.

The company caters to some of the core industries like defence, railways, steel, cement, automobile, oil and gas, paper, ceramics and services.

Some of the clients of the company

  • Ministry of Defence
  • State Electricity Boards
  • Siemens
  • Power Grid Corporation of India
  • Jindal Steel and Power
  • Philips Carbon Black 
  • Tata Iron and Steel Company 
  • Indian Railways
  • Steel Authority of India 
  • Hindustan Paper and Chemicals
  • Hindustan Petroleum Corporation
  • Cochin Port Trust
  • Tata Power Company
  • Tata Motors

Strategic Partners

  • Eagle Telonics
  • Secotec
  • Viasat
  • STM Networks
  • Serck Controls
  • ASI Robicon
  • OSI
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