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ICRA assigns ‘A1’ rating to Commercial Paper programme of Nelcast

25 Nov 2014 Evaluate

Credit rating agency, ICRA has assigned the short-term rating of ‘A1’ to the Rs 30.00 crore (enhanced from Rs 20.00 crore) Commercial Paper programme of Nelcast. Moreover, the rating agency has a long-term rating of 'A' outstanding on the Rs 100.00 crore fund based bank facilities, and a short-term rating of 'A1' outstanding on the Rs 100.00 crore fund based bank facilities (forming part of the Rs 100.00 crore long-term fund based bank facilities), the Rs 8.00 crore fund based bank facilities and the Rs 9.00 crore non-fund based bank facilities of Nelcast. The outlook on the long-term rating is stable.

Nelcast is primarily engaged in manufacturing castings for the tractor and M&HCV segments. Its product profile includes wheel hubs, brake drums, axle housing, fly wheels, fly wheel housing, crank shaft, exhaust manifolds, transmission case, centre housing and hydraulic lift cover. The company also caters to the railways segment.

Nelcast Share Price

160.00 15.90 (11.03%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
AIA Engineering 3970.80
Alicon Castalloy 745.25
Nelcast 160.00
Steelcast 287.55
Synergy Green Inds. 581.55
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