Is Nelcast a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nelcast Ltd is a below average quality company .

Is Nelcast undervalued or overvalued?

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

What is Nelcast share price return in the past 10 years?

Nelcast Ltd share price has appreciated 22.3% annually (CAGR) over the past ten years.

Is Nelcast a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nelcast Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Nelcast Ltd - Stock Valuation and Financial Performance

Name: Nelcast
Brand: Nelcast

BSE: 532864 | NSE: NELCAST | Castings/Forgings | Small Cap

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Nelcast Share Price

₹152.10 1.85 1.23%
as on 16-Apr'24 13:40

10 Year X-Ray of Nelcast:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	7.7%	7.8%	9.8%	9.9%	9.2%	8.3%	6.6%	3.2%	4.1%	5.8%	-
Value Creation Index ⓘ	-0.5	-0.4	-0.3	-0.3	-0.4	-0.4	-0.5	-0.8	-0.7	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	515	545	561	575	745	856	567	615	927	1,264	1,285
Sales YoY Gr.	-	5.8%	2.9%	2.5%	29.6%	15%	-33.8%	8.5%	50.8%	36.3%	-
Adj EPS ⓘ	2.6	2.5	3.6	3.9	4.2	4.3	3.7	1	1.2	2.5	6.2
YoY Gr.	-	-1.6%	43.5%	8.3%	6.9%	2.6%	-14.6%	-74.2%	22.1%	112.9%	-
BVPS (₹) ⓘ	30.7	32.4	35.1	39	42.2	45.4	48.3	49.4	50.8	53.8	59.1
Adj Net Profit ⓘ	22.4	22	31.6	34.2	36.5	37.5	32	8.2	10.1	21.5	54
Cash Flow from Ops. ⓘ	42.8	26	45.2	28	33.3	74.7	31.7	82.6	-12.9	80.4	-
Debt/CF from Ops. ⓘ	2.1	3.8	2.1	2.8	2.9	2.7	7.1	2.6	-21.6	3.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.5%	11.2%	30.7%	36.3%
Adj EPS ⓘ	-0.4%	-10.1%	-12.4%	112.9%
BVPSⓘ	6.5%	5%	3.7%	6.1%
Share Price	22.3%	15.6%	32.8%	61.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	8.6	8	10.8	10.6	10.3	9.8	7.9	1.9	2.3	4.7	11
Op. Profit Mgn % ⓘ	9.4	8.3	11.4	11.2	9.5	8.8	8.5	7.6	6.3	6.3	7.4
Net Profit Mgn % ⓘ	4.3	4	5.6	5.9	4.9	4.4	5.7	1.3	1.1	1.7	4.2
Debt to Equity ⓘ	0.3	0.4	0.3	0.2	0.3	0.5	0.5	0.5	0.6	0.7	-
Working Cap Days ⓘ	91	94	100	110	114	121	180	167	142	124	74
Cash Conv. Cycle ⓘ	30	39	44	48	51	61	95	87	73	62	18

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.00%

Sales growth is growing at healthy rate in last 3 years 30.65%

Debt to equity has declined versus last 3 years average to 0.65

Net Profit has been subdued in last 3 years -12.44%

Sales growth is not so good in last 4 quarters at 5.77%

Latest Financials - Nelcast Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.2	6.2
TTM Sales (₹ Cr.)	1,285	1,285
BVPS (₹.) ⓘ	59.1	59.1
Reserves (₹ Cr.) ⓘ	497	497
P/BV ⓘ	2.54	2.54
PE ⓘ	24.28	24.28

From the Market
52 Week Low / High (₹)	88.80 / 194.50
All Time Low / High (₹)	3.32 / 194.50
Market Cap (₹ Cr.)	1,307
Equity (₹ Cr.)	17.4
Face Value (₹)	2
Industry PE ⓘ	34.5

Management X-Ray of Nelcast:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Nelcast

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Nelcast

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	515	545	561	575	745	856	567	615	927	1,264
Operating Expenses ⓘ	467	500	497	511	674	781	518	569	869	1,185
Manufacturing Costs	142	149	184	199	242	289	198	195	294	375
Material Costs	272	294	250	244	350	399	240	290	453	633
Employee Cost	35	36	39	41	46	52	47	45	56	64
Other Costs ⓘ	17	21	23	27	36	41	33	39	66	112
Operating Profit ⓘ	49	45	64	64	71	75	48	46	58	79
Operating Profit Margin (%)	9.4%	8.3%	11.4%	11.1%	9.5%	8.8%	8.5%	7.5%	6.3%	6.3%
Other Income ⓘ	7	7	5	7	7	9	14	5	9	16
Interest ⓘ	7	10	9	9	6	9	13	17	26	31
Depreciation ⓘ	13	13	13	13	16	17	19	22	23	24
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	36	30	46	49	56	57	31	12	19	40
Tax ⓘ	14	8	14	15	19	19	-5	3	5	11
Profit After Tax	22	22	32	34	38	38	36	9	14	30
PAT Margin (%)	4.4%	4.0%	5.7%	5.9%	5.1%	4.5%	6.4%	1.5%	1.5%	2.4%
Adjusted EPS (₹)	2.6	2.5	3.7	3.9	4.3	4.4	4.1	1.0	1.6	3.4
Dividend Payout Ratio (%)	27%	28%	22%	23%	23%	23%	0%	19%	18%	12%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	267	282	305	339	367	395	420	430	442	468
Share Capital ⓘ	17	17	17	17	17	17	17	17	17	17
Reserves ⓘ	250	264	288	322	350	378	403	413	424	451
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	76	81	80	73	98	168	212	181	250	270
Long Term Debt	44	23	6	0	30	91	141	107	137	101
Short Term Debt	33	59	74	73	68	78	71	74	112	169
Trade Payables	48	46	49	69	94	106	81	128	181	183
Others Liabilities ⓘ	68	76	81	63	77	109	63	98	88	105
Total Liabilities ⓘ	459	485	515	545	637	779	776	837	960	1,026
Fixed Assets
Gross Block	321	333	361	258	267	338	342	505	507	515
Accumulated Depreciation	88	101	113	13	29	46	65	77	66	83
Net Fixed Assetsⓘ	233	232	248	245	238	291	277	428	441	432
CWIP ⓘ	2	5	0	1	36	91	153	2	1	1
Investmentsⓘ	26	32	37	39	39	39	39	39	39	50
Inventories	45	56	74	94	111	142	128	118	159	158
Trade Receivables	69	70	67	76	117	121	113	164	240	256
Cash Equivalents	52	52	53	54	55	59	48	65	61	105
Others Assetsⓘ	32	39	37	37	40	37	18	21	20	24
Total Assets ⓘ	459	485	515	545	637	779	776	837	960	1,026

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	43	26	45	28	33	75	32	83	-13	80
PBT ⓘ	36	30	46	49	57	58	31	12	19	40
Adjustment ⓘ	14	16	19	16	17	23	24	36	42	53
Changes in Working Capital ⓘ	-0	-15	-10	-24	-23	7	-15	35	-73	-7
Tax Paid ⓘ	-7	-5	-10	-13	-18	-13	-8	0	-1	-5
Cash Flow From Investing Activity ⓘ	-21	-19	-28	-10	-43	-125	-63	-18	-32	-23
Capex	-59	-12	-29	-10	-9	-71	-4	-173	-36	-16
Net Investments	-5	-6	-5	-2	-1	0	0	0	0	-11
Others ⓘ	43	-2	6	2	-34	-54	-59	155	4	4
Cash Flow From Financing Activityⓘ	-18	-7	-16	-17	18	44	27	-51	2	-71
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	2	-21	-16	0	0	61	50	-34	30	-37
Interest Paid ⓘ	-2	-5	-7	-6	-3	-7	-13	-17	-26	-31
Dividend Paid ⓘ	-7	-7	-7	-3	-8	-10	-10	0	-2	-3
Others ⓘ	-11	26	13	-7	28	0	0	0	0	0
Net Cash Flow ⓘ	4	0	1	1	8	-7	-4	14	-42	-13

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	8.68	8	10.86	10.55	10.7	10.02	8.83	2.13	3.26	6.53
ROCE (%)	12.31	10.67	14.26	14.18	14.04	12.58	6.99	4.58	6.57	9.58
Asset Turnover Ratio	1.28	1.28	1.25	1.2	1.29	1.21	0.73	0.76	1.03	1.27
PAT to CFO Conversion(x)	1.95	1.18	1.41	0.82	0.87	1.97	0.89	9.22	-0.93	2.67
Working Capital Days
Receivable Days	42	42	40	41	46	51	75	82	80	72
Inventory Days	28	30	38	48	49	54	87	73	55	46
Payable Days	70	58	69	88	85	92	142	131	124	105

Nelcast Ltd Stock News

Nelcast Ltd FAQs

What is the share price of Nelcast?

Company share prices are keep on changing according to the market conditions. The closing price of Nelcast on 16-Apr-2024 13:40 is ₹152.1.

What is the market cap of Nelcast?

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 16-Apr-2024 13:40 the market cap of Nelcast stood at ₹1,307.2.

What is the P/E ratio of Nelcast?

The latest P/E ratio of Nelcast as of 16-Apr-2024 13:40 is 24.28.

What is the P/B ratio of Nelcast?

The latest P/B ratio of Nelcast as of 16-Apr-2024 13:40 is 2.54.

What is the 52-week high and low of Nelcast?

The 52-week high of Nelcast is ₹194.5 and the 52-week low is ₹88.80.

What is the TTM revenue of Nelcast?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nelcast is ₹1,285 ( Cr.) .

About Nelcast Ltd

Established in 1985, Nelcast has since been a significant and diligent participant in the ferrous casting industry, producing superior quality castings for many an industry. Nelcast has shown an astounding growth rate, growing 140 times its original size to reach its current capacity of 84,000 MT. It plans to double that capacity in about two years.

Catering to the commercial vehicle Industry since 1985 and the ttractor industry since 1990, Nelcast has diversified into various other industries to increasingly fulfill their casting needs. Today, Nelcast is one of Indiaâ€™s largest suppliers of the finest ductile iron and grey iron castings ranging from 0.5 kgs to 250 kgs in weight. Climbing its way up the ladder of competition, Nelcastâ€™s focus continues to be on meeting international standards of quality at competitive prices.

Given the exacting production processes and the distinct identities and attributes of the final product, the company moved towards accordance with international standards.

Despite its high degree of documented certification, Nelcast continues to nourish its grass root principles of continually maintaining high standards of precision and quality. Nelcast currently supplies components to a wide spectrum of customers and is committed to satisfy the varying and diverse customer requirements. Having been accustomed to variety and challenges Nelcast is incessantly on the look out for even more exacting products.

With two manufacturing units located in Gudur, AP and Ponneri, TN both in South India, Nelcast is one of the largest in the foundry industry. Nelcast has a specific, yet continuous production process that caters to every function needed to produce a technologically acceptable casting component. Complete with melting, moulding and core shops to development and quality control, Nelcast takes every step necessary to creating the right component for every client in the shortest span of time.

Product range of the company includes:

Nelcast products range from industry to industry. Though primarily manufacturing casting components, Nelcast has a wide range of products.

Automobiles