BSE: 532864 | NSE: NELCAST | Castings/Forgings | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Nelcast Ltd is a average quality company.
The key valuation ratios of Nelcast Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nelcast Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.7% | 14.3% | 14.2% | 14% | 12.6% | 7% | 4.6% | 6.6% | 9.6% | 12.4% | - |
| Value Creation Index ⓘ | -0.2 | 0.0 | 0.0 | 0 | -0.1 | -0.5 | -0.7 | -0.5 | -0.3 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 545 | 561 | 575 | 745 | 856 | 567 | 615 | 927 | 1,264 | 1,267 | 1,246 |
| Sales YoY Gr. | - | 2.9% | 2.5% | 29.6% | 15% | -33.8% | 8.5% | 50.8% | 36.3% | 0.2% | - |
| Adj EPS ⓘ | 2.5 | 3.6 | 3.9 | 4.2 | 4.3 | 3.7 | 1 | 1.2 | 2.5 | 4.2 | 5.6 |
| YoY Gr. | - | 43.5% | 8.3% | 6.9% | 2.6% | -14.6% | -74.2% | 22.1% | 112.9% | 69.2% | - |
| BVPS (₹) ⓘ | 32.4 | 35.1 | 39 | 42.2 | 45.4 | 48.3 | 49.4 | 50.8 | 53.8 | 59.7 | 61.3 |
| Adj Net Profit ⓘ | 22 | 31.6 | 34.2 | 36.5 | 37.5 | 32 | 8.2 | 10.1 | 21.5 | 36.4 | 48 |
| Cash Flow from Ops. ⓘ | 26 | 45.2 | 28 | 33.3 | 74.7 | 31.7 | 82.6 | -12.9 | 80.4 | 19.2 | - |
| Debt/CF from Ops. ⓘ | 3.8 | 2.1 | 2.8 | 2.9 | 2.7 | 7.1 | 2.6 | -21.6 | 3.8 | 17.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.8% | 8.2% | 27.2% | 0.2% | ||||
| Adj EPS ⓘ | 5.7% | -0.6% | 63.9% | 69.2% | ||||
| BVPSⓘ | 7% | 5.6% | 6.5% | 10.9% | ||||
| Share Price | 11.1% | 19.1% | 12.7% | -35.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8 | 10.8 | 10.6 | 10.3 | 9.8 | 7.9 | 1.9 | 2.3 | 4.7 | 7.4 | 9.2 |
| Op. Profit Mgn % ⓘ | 8.3 | 11.4 | 11.2 | 9.5 | 8.8 | 8.5 | 7.6 | 6.3 | 6.3 | 7.3 | 6.6 |
| Net Profit Mgn % ⓘ | 4 | 5.6 | 5.9 | 4.9 | 4.4 | 5.7 | 1.3 | 1.1 | 1.7 | 2.9 | 3.9 |
| Debt to Equity ⓘ | 0.4 | 0.3 | 0.2 | 0.3 | 0.5 | 0.5 | 0.5 | 0.6 | 0.7 | 0.6 | 0.1 |
| Working Cap Days ⓘ | 94 | 100 | 110 | 114 | 121 | 180 | 167 | 142 | 124 | 139 | 87 |
| Cash Conv. Cycle ⓘ | 39 | 44 | 48 | 51 | 61 | 95 | 87 | 73 | 62 | 71 | 20 |
Return on Equity has increased versus last 3 years average to 9.20%
Sales growth is growing at healthy rate in last 3 years 27.24%
Net Profit is growing at healthy rate in last 3 years 63.86%
Debt to equity has declined versus last 3 years average to 0.63
Sales growth is not so good in last 4 quarters at -3.25%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.6 | 5.6 |
| TTM Sales (₹ Cr.) | 1,246 | 1,246 |
| BVPS (₹.) ⓘ | 61.3 | 61.3 |
| Reserves (₹ Cr.) ⓘ | 516 | 516 |
| P/BV ⓘ | 1.80 | 1.80 |
| PE ⓘ | 19.87 | 19.87 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 104.65 / 179.00 |
| All Time Low / High (₹) | 3.32 / 194.50 |
| Market Cap (₹ Cr.) | 961 |
| Equity (₹ Cr.) | 17.4 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 30.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 545 | 561 | 575 | 745 | 856 | 567 | 615 | 927 | 1,264 | 1,267 |
| Operating Expenses ⓘ | 500 | 497 | 511 | 674 | 781 | 518 | 569 | 869 | 1,185 | 1,175 |
| Manufacturing Costs | 149 | 184 | 199 | 242 | 289 | 198 | 195 | 294 | 375 | 427 |
| Material Costs | 294 | 250 | 244 | 350 | 399 | 240 | 290 | 453 | 633 | 559 |
| Employee Cost | 36 | 39 | 41 | 46 | 52 | 47 | 45 | 56 | 64 | 74 |
| Other Costs ⓘ | 21 | 23 | 27 | 36 | 41 | 33 | 39 | 66 | 112 | 114 |
| Operating Profit ⓘ | 45 | 64 | 64 | 71 | 75 | 48 | 46 | 58 | 79 | 92 |
| Operating Profit Margin (%) | 8.3% | 11.4% | 11.1% | 9.5% | 8.8% | 8.5% | 7.5% | 6.3% | 6.3% | 7.3% |
| Other Income ⓘ | 7 | 5 | 7 | 7 | 9 | 14 | 5 | 9 | 16 | 14 |
| Interest ⓘ | 10 | 9 | 9 | 6 | 9 | 13 | 17 | 26 | 31 | 32 |
| Depreciation ⓘ | 13 | 13 | 13 | 16 | 17 | 19 | 22 | 23 | 24 | 24 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 |
| Profit Before Tax ⓘ | 30 | 46 | 49 | 56 | 57 | 31 | 12 | 19 | 40 | 69 |
| Tax ⓘ | 8 | 14 | 15 | 19 | 19 | -5 | 3 | 5 | 11 | 14 |
| Profit After Tax | 22 | 32 | 34 | 38 | 38 | 36 | 9 | 14 | 30 | 54 |
| PAT Margin (%) | 4.0% | 5.7% | 5.9% | 5.1% | 4.5% | 6.4% | 1.5% | 1.5% | 2.4% | 4.3% |
| Adjusted EPS (₹) | 2.5 | 3.7 | 3.9 | 4.3 | 4.4 | 4.1 | 1.0 | 1.6 | 3.4 | 6.3 |
| Dividend Payout Ratio (%) | 28% | 22% | 23% | 23% | 23% | 0% | 19% | 18% | 12% | 6% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 282 | 305 | 339 | 367 | 395 | 420 | 430 | 442 | 468 | 519 |
| Share Capital ⓘ | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves ⓘ | 264 | 288 | 322 | 350 | 378 | 403 | 413 | 424 | 451 | 502 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 81 | 80 | 73 | 98 | 168 | 212 | 181 | 250 | 270 | 297 |
| Long Term Debt | 23 | 6 | 0 | 30 | 91 | 141 | 107 | 137 | 101 | 98 |
| Short Term Debt | 59 | 74 | 73 | 68 | 78 | 71 | 74 | 112 | 169 | 199 |
| Trade Payables | 46 | 49 | 69 | 94 | 106 | 81 | 128 | 181 | 183 | 214 |
| Others Liabilities ⓘ | 76 | 81 | 63 | 77 | 109 | 63 | 98 | 88 | 105 | 99 |
| Total Liabilities ⓘ | 485 | 515 | 545 | 637 | 779 | 776 | 837 | 960 | 1,026 | 1,129 |
Fixed Assets | ||||||||||
| Gross Block | 333 | 361 | 258 | 267 | 338 | 342 | 505 | 507 | 515 | 524 |
| Accumulated Depreciation | 101 | 113 | 13 | 29 | 46 | 65 | 77 | 66 | 83 | 105 |
| Net Fixed Assetsⓘ | 232 | 248 | 245 | 238 | 291 | 277 | 428 | 441 | 432 | 419 |
| CWIP ⓘ | 5 | 0 | 1 | 36 | 91 | 153 | 2 | 1 | 1 | 44 |
| Investmentsⓘ | 32 | 37 | 39 | 39 | 39 | 39 | 39 | 39 | 50 | 51 |
| Inventories | 56 | 74 | 94 | 111 | 142 | 128 | 118 | 159 | 158 | 190 |
| Trade Receivables | 70 | 67 | 76 | 117 | 121 | 113 | 164 | 240 | 256 | 301 |
| Cash Equivalents | 52 | 53 | 54 | 55 | 59 | 48 | 65 | 61 | 105 | 85 |
| Others Assetsⓘ | 39 | 37 | 37 | 40 | 37 | 18 | 21 | 20 | 24 | 39 |
| Total Assets ⓘ | 485 | 515 | 545 | 637 | 779 | 776 | 837 | 960 | 1,026 | 1,129 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 26 | 45 | 28 | 33 | 75 | 32 | 83 | -13 | 80 | 19 |
| PBT ⓘ | 30 | 46 | 49 | 57 | 58 | 31 | 12 | 19 | 40 | 69 |
| Adjustment ⓘ | 16 | 19 | 16 | 17 | 23 | 24 | 36 | 42 | 53 | 31 |
| Changes in Working Capital ⓘ | -15 | -10 | -24 | -23 | 7 | -15 | 35 | -73 | -7 | -65 |
| Tax Paid ⓘ | -5 | -10 | -13 | -18 | -13 | -8 | 0 | -1 | -5 | -16 |
| Cash Flow From Investing Activity ⓘ | -19 | -28 | -10 | -43 | -125 | -63 | -18 | -32 | -23 | -31 |
| Capex | -12 | -29 | -10 | -9 | -71 | -4 | -173 | -36 | -16 | 7 |
| Net Investments | -6 | -5 | -2 | -1 | 0 | 0 | 0 | 0 | -11 | -1 |
| Others ⓘ | -2 | 6 | 2 | -34 | -54 | -59 | 155 | 4 | 4 | -36 |
| Cash Flow From Financing Activityⓘ | -7 | -16 | -17 | 18 | 44 | 27 | -51 | 2 | -71 | -38 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -21 | -16 | 0 | 0 | 61 | 50 | -34 | 30 | -37 | -3 |
| Interest Paid ⓘ | -5 | -7 | -6 | -3 | -7 | -13 | -17 | -26 | -31 | -32 |
| Dividend Paid ⓘ | -7 | -7 | -3 | -8 | -10 | -10 | 0 | -2 | -3 | -3 |
| Others ⓘ | 26 | 13 | -7 | 28 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 1 | 1 | 8 | -7 | -4 | 14 | -42 | -13 | -49 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8 | 10.86 | 10.55 | 10.7 | 10.02 | 8.83 | 2.13 | 3.26 | 6.53 | 11.02 |
| ROCE (%) | 10.67 | 14.26 | 14.18 | 14.04 | 12.58 | 6.99 | 4.58 | 6.57 | 9.58 | 12.37 |
| Asset Turnover Ratio | 1.28 | 1.25 | 1.2 | 1.29 | 1.21 | 0.73 | 0.76 | 1.03 | 1.27 | 1.18 |
| PAT to CFO Conversion(x) | 1.18 | 1.41 | 0.82 | 0.87 | 1.97 | 0.89 | 9.22 | -0.93 | 2.67 | 0.35 | Working Capital Days |
| Receivable Days | 42 | 40 | 41 | 46 | 51 | 75 | 82 | 80 | 72 | 80 |
| Inventory Days | 30 | 38 | 48 | 49 | 54 | 87 | 73 | 55 | 46 | 50 |
| Payable Days | 58 | 69 | 88 | 85 | 92 | 142 | 131 | 124 | 105 | 129 |
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 India’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, Nelcast’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
Trailers
Engines
Tractors
Railways
Pipe Fittings
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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