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Nelcast Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹93.32Overvalued by 36.95%vs CMP ₹148.00

P/E (27.6) × ROE (6.5%) × BV (₹65.00) × DY (0.34%)

₹83.31Overvalued by 43.71%vs CMP ₹148.00
MoS: -77.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹118.4923%Over (-19.9%)
Graham NumberEarnings₹88.7017%Over (-40.1%)
Earnings PowerEarnings₹3.4811%Over (-97.6%)
DCFCash Flow₹99.0211%Over (-33.1%)
Net Asset ValueAssets₹64.977%Over (-56.1%)
EV/EBITDAEnterprise₹97.529%Over (-34.1%)
Earnings YieldEarnings₹53.807%Over (-63.6%)
ROCE CapitalReturns₹41.977%Over (-71.6%)
Revenue MultipleRevenue₹143.986%Fair (-2.7%)
Consensus (9 models)₹83.31100%Overvalued
Key Drivers: EPS CAGR 27.0% lifts DCF — verify sustainability. | Wide model spread (₹3–₹144) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 27.0%

*Investments are subject to market risks

Analyst Summary

Nelcast Ltd operates in the Castings/Foundry segment, NSE: NELCAST | BSE: 532864, current market price is ₹148.00, market cap is 1,287 Cr.. At a glance, stock P/E is 27.6, ROE is 6.48 %, ROCE is 9.55 %, book value is 65.0, dividend yield is 0.34 %. The latest intrinsic value estimate is ₹83.31, around 43.7% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹1,252 Cr versus the prior period change of -1.2%, while latest net profit is about ₹37 Cr with a prior-period change of -31.5%. The 52-week range shown on this page is 181/80.6, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisNelcast Ltd. is a Public Limited Listed company incorporated on 07/06/1982 and has its registered office in the State of Andhra Pradesh, India. Company's Corporate Identification Number(CIN) is L27109…

This summary is generated from the stock page data available for Nelcast Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

58
Nelcast Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 9.6% AverageROE 6.5% AverageD/E 0.42 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.39% (6mo) Slight increasePromoter holding at 74.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 7% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +6% YoY GrowingProfit (4Q): +62% YoY StrongOPM: 10.0% (up 4.0% YoY) Margin expansion
Industry Rank30/100 · Weak
P/E 27.6 vs industry 26.4 In-lineROCE 9.6% vs industry 60.3% Below peersROE 6.5% vs industry 19.2% Below peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:45 am

Market Cap 1,287 Cr.
Current Price 148
Intrinsic Value₹83.31
High / Low 181/80.6
Stock P/E27.6
Book Value 65.0
Dividend Yield0.34 %
ROCE9.55 %
ROE6.48 %
Face Value 2.00
PEG Ratio1.02

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Nelcast Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Nelcast Ltd 1,287 Cr. 148 181/80.627.6 65.00.34 %9.55 %6.48 % 2.00
Alicon Castalloy Ltd 1,173 Cr. 712 1,025/58030.8 3770.77 %11.6 %8.02 % 5.00
Captain Technocast Ltd 460 Cr. 198 294/14043.9 19.60.00 %29.4 %24.1 % 10.0
DCM Ltd 154 Cr. 81.8 136/54.828.9 25.50.00 %78.6 %68.2 % 10.0
Gujarat Intrux Ltd 152 Cr. 441 535/37613.9 1985.67 %22.0 %16.6 % 10.0
Industry Average6,702.89 Cr911.1026.41814.740.92%60.29%19.18%7.00

All Competitor Stocks of Nelcast Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 327313293358320295300330291330332299330
Expenses 312294273327295280280309274300304282296
Operating Profit 15191932261620211730281733
OPM % 4%6%7%9%8%5%7%6%6%9%9%6%10%
Other Income 72442044665443
Interest 8888888999988
Depreciation 6666666667677
Profit before tax 76922316101381817621
Tax % 25%25%22%25%18%14%22%24%25%26%25%25%26%
Net Profit 5471726581061412516
EPS in Rs 0.610.510.831.912.930.580.911.130.691.561.440.551.83

Last Updated: March 3, 2026, 5:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:02 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5155455615757458565676159271,2641,2671,2521,290
Expenses 4675004975106737805185698691,1841,1751,1631,182
Operating Profit 494564647276484659809289108
OPM % 9%8%11%11%10%9%9%8%6%6%7%7%8%
Other Income 222546145916322016
Interest 25763713172631323535
Depreciation 13131313161719222324242526
Profit before tax 36304649575831121940694963
Tax % 38%26%31%31%33%33%-17%26%25%26%21%24%
Net Profit 2222323438383691430543747
EPS in Rs 2.592.523.663.924.404.424.141.041.633.426.254.295.38
Dividend Payout % 27%28%22%23%23%23%0%19%18%12%6%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%45.45%6.25%11.76%0.00%-5.26%-75.00%55.56%114.29%80.00%-31.48%
Change in YoY Net Profit Growth (%)0.00%45.45%-39.20%5.51%-11.76%-5.26%-69.74%130.56%58.73%-34.29%-111.48%

Nelcast Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:17%
3 Years:11%
TTM:1%
Compounded Profit Growth
10 Years:5%
5 Years:-1%
3 Years:34%
TTM:4%
Stock Price CAGR
10 Years:12%
5 Years:22%
3 Years:24%
1 Year:4%
Return on Equity
10 Years:7%
5 Years:5%
3 Years:7%
Last Year:6%

Last Updated: September 5, 2025, 11:40 am

Balance Sheet

Last Updated: December 4, 2025, 1:42 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 17171717171717171717171717
Reserves 250264288322350378403413424451502535548
Borrowings 8998967798200225215280304329294292
Other Liabilities 104108115130174187133195242256284317298
Total Liabilities 4604875175466397827798409631,0281,1321,1641,156
Fixed Assets 250254275271264318304455467459446512507
CWIP 6121012481031661413135622
Investments 00001000011132323
Other Assets 204221232262326360309371482545617627623
Total Assets 4604875175466397827798409631,0281,1321,1641,156

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 9026472833753283-138020105
Cash from Investing Activity + -22-22-30-10-44-125-63-18-32-23-31-38
Cash from Financing Activity + -18-6-16-17194427-512-71-39-61
Net Cash Flow 50-1018-7-414-42-13-496
Free Cash Flow 6731615-12-52-3562-4864-1572
CFO/OP 199%68%89%64%71%116%82%178%-21%108%39%124%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-40.00-53.00-32.00-13.00-26.00-124.00-177.00-169.00-221.00-224.00-237.00-205.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 494743485752739795748799
Inventory Days 606910814111613019514912891124120
Days Payable 6457711049997122161145105142165
Cash Conversion Cycle 4559808575841458577606954
Working Capital Days 2110826312048223071616
ROCE %11%9%14%13%14%12%7%5%7%10%10%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%74.87%
FIIs 0.88%0.79%1.05%0.88%0.90%0.82%0.03%0.00%0.06%0.00%0.79%0.45%
DIIs 0.58%0.58%0.58%0.48%0.48%0.48%0.00%0.00%0.00%0.00%0.01%0.11%
Public 23.66%23.74%23.49%23.78%23.75%23.83%25.10%25.14%25.06%25.13%24.32%24.56%
No. of Shareholders 28,72528,37528,91528,56630,27830,01630,41030,11129,58329,02828,98828,913

Shareholding Pattern Chart

No. of Shareholders

Nelcast Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 4.296.253.421.641.04
Diluted EPS (Rs.) 4.296.253.421.641.04
Cash EPS (Rs.) 7.139.036.184.233.54
Book Value[Excl.RevalReserv]/Share (Rs.) 63.5559.9954.1551.0849.75
Book Value[Incl.RevalReserv]/Share (Rs.) 63.5559.9954.1551.0849.75
Revenue From Operations / Share (Rs.) 143.87145.62145.28106.5970.22
PBDIT / Share (Rs.) 12.1412.2510.987.765.89
PBIT / Share (Rs.) 9.299.478.225.163.39
PBT / Share (Rs.) 5.677.894.632.191.41
Net Profit / Share (Rs.) 4.296.253.421.641.04
NP After MI And SOA / Share (Rs.) 4.296.253.421.641.04
PBDIT Margin (%) 8.438.407.557.278.39
PBIT Margin (%) 6.456.505.654.834.83
PBT Margin (%) 3.935.413.182.052.01
Net Profit Margin (%) 2.974.292.351.531.47
NP After MI And SOA Margin (%) 2.974.292.351.531.47
Return on Networth / Equity (%) 6.7410.486.343.222.10
Return on Capital Employeed (%) 12.0112.3711.607.205.11
Return On Assets (%) 3.204.802.891.471.07
Long Term Debt / Equity (X) 0.120.180.210.310.24
Total Debt / Equity (X) 0.530.630.640.630.42
Asset Turnover Ratio (%) 1.091.171.271.030.75
Current Ratio (X) 1.271.301.311.411.39
Quick Ratio (X) 0.900.890.920.940.94
Inventory Turnover Ratio (X) 6.773.383.993.562.20
Dividend Payout Ratio (NP) (%) 9.336.398.7712.230.00
Dividend Payout Ratio (CP) (%) 5.604.434.854.720.00
Earning Retention Ratio (%) 90.6793.6191.2387.770.00
Cash Earning Retention Ratio (%) 94.4095.5795.1595.280.00
Interest Coverage Ratio (X) 2.993.373.062.612.97
Interest Coverage Ratio (Post Tax) (X) 1.952.161.951.551.52
Enterprise Value (Cr.) 940.271363.75976.33734.06682.05
EV / Net Operating Revenue (X) 0.751.080.770.791.12
EV / EBITDA (X) 8.9012.8010.2210.8813.30
MarketCap / Net Operating Revenue (X) 0.570.880.610.550.92
Retention Ratios (%) 90.6693.6091.2287.760.00
Price / BV (X) 1.302.151.651.161.31
Price / Net Operating Revenue (X) 0.570.880.610.550.92
EarningsYield 0.050.040.030.020.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Nelcast Ltd. is a Public Limited Listed company incorporated on 07/06/1982 and has its registered office in the State of Andhra Pradesh, India. Company's Corporate Identification Number(CIN) is L27109AP1982PLC003518 and registration number is 003518. Currently Company is involved in the business activities of Manufacture of other iron and steel casting and products thereof. Company's Total Operating Revenue is Rs. 1251.68 Cr. and Equity Capital is Rs. 17.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Castings/Foundry34, Industrial Estate, Gudur Andhra Pradesh 524101Contact not found
Management
NamePosition Held
Mr. Vinod K DasariChairman
Mr. P DeepakManaging Director
Mr. D Sesha ReddyDirector
Mr. A BalasubramanianDirector
Ms. Maheswari MohanDirector
Mr. R SridharanDirector
Ms. P DivyaDirector

FAQ

What is the intrinsic value of Nelcast Ltd and is it undervalued?

As of 10 May 2026, Nelcast Ltd's intrinsic value is ₹83.31, which is 43.71% lower than the current market price of ₹148.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.48 %), book value (₹65.0), dividend yield (0.34 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Nelcast Ltd?

Nelcast Ltd is trading at ₹148.00 as of 10 May 2026, with a FY2026-2027 high of ₹181 and low of ₹80.6. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,287 Cr..

How does Nelcast Ltd's P/E ratio compare to its industry?

Nelcast Ltd has a P/E ratio of 27.6, which is above the industry average of 26.41. The premium over industry average may reflect growth expectations or speculative interest.

Is Nelcast Ltd financially healthy?

Key indicators for Nelcast Ltd: ROCE of 9.55 % is on the lower side compared to the industry average of 60.29%; ROE of 6.48 % is below ideal levels (industry average: 19.18%). Dividend yield is 0.34 %.

Is Nelcast Ltd profitable and how is the profit trend?

Nelcast Ltd reported a net profit of ₹37 Cr in Mar 2025 on revenue of ₹1,252 Cr. Compared to ₹14 Cr in Mar 2022, the net profit shows an improving trend.

Does Nelcast Ltd pay dividends?

Nelcast Ltd has a dividend yield of 0.34 % at the current price of ₹148.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:45 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532864 | NSE: NELCAST
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nelcast Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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