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Nelcast gets fundamental grade of A from ICRA Equity Research

08 Feb 2012 Evaluate

Rating agency, ICRA Equity Research has assigned fundamental grade of A for Nelcast indicating strong fundamentals. Increasing market share with OEMs coupled with higher realizations supported revenue growth of the company.

Despite the weakness witnessed in the Indian automotive industry during the past three quarters, Nelcast posted a healthy 39.1% growth in revenues during the first nine months of 2011-12, surpassing 2011-12 growth estimates. A diversified customer base spread across commercial vehicle and tractor OEMs, coupled with higher realizations drove revenues.

Nelcast Share Price

146.45 11.50 (8.52%)
02-Jul-2026 14:13 View Price Chart
Peers
Company Name CMP
AIA Engineering 4790.05
Alicon Castalloy 650.90
Nelcast 146.45
Steelcast 300.00
Synergy Green Inds. 565.15
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