Nelco Ltd
Nelco Ltd (NELCO) last reported results for the quarter ended Jun 2026, with sales of ₹80.03 crore and net profit of ₹2.34 crore. The stock last traded at ₹853, a market capitalisation of ₹1,944 crore, on a P/E of 326. Over the past 52 weeks the stock has ranged between ₹500 and ₹1,121. Figures are as of 9 Oct 2026 and are not real time.
Nelco Ltd share price and key metrics
- Current price
- ₹853
- Market cap
- ₹1,944 cr
- Stock P/E
- 326
- Book value
- ₹56.5
- ROE
- 0.46%
- ROCE
- 7.21%
- Dividend yield
- 0.12%
- 52w high / low
- 1121/500
Metrics as of 9 Oct 2026. Not real time.
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Nelco Ltd growth and returns
- 10 Years
- 4%
- 5 Years
- 6%
- 3 Years
- -1%
- TTM
- 2%
- 10 Years
- -5%
- 5 Years
- -45%
- 3 Years
- -69%
- TTM
- -12%
- 10 Years
- 25%
- 5 Years
- 0%
- 3 Years
- 4%
- 1 Year
- -3%
- 10 Years
- 18%
- 5 Years
- 13%
- 3 Years
- 9%
- Last Year
- 0%
Nelco Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹80.03 cr, up 7.0% from ₹74.79 cr a year earlier. Net profit was ₹2.34 cr, up 30.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 82.55 | 80.72 | 67.52 | 74.79 | 74.33 | 78.3 | 79.18 | 80.03 |
| Expenses | 71.71 | 68.54 | 61.08 | 67.05 | 66.86 | 70.48 | 73.71 | 71.71 |
| Operating profit | 10.84 | 12.18 | 6.44 | 7.74 | 7.47 | 7.82 | 5.47 | 8.32 |
| OPM % | 13.13% | 15.09% | 9.54% | 10.35% | 10.05% | 9.99% | 6.91% | 10.40% |
| Other income | 1.19 | 1.57 | 2.64 | 0.76 | 1.31 | -3.09 | 1.93 | 1.2 |
| Interest | 1.41 | 1.51 | 1.52 | 1.18 | 1.52 | 1.44 | 0.73 | 1.27 |
| Depreciation | 5.18 | 5.26 | 6.43 | 4.92 | 5.09 | 5.02 | 4.92 | 5.12 |
| Profit before tax | 5.44 | 6.98 | 1.13 | 2.4 | 2.17 | -1.73 | 1.75 | 3.13 |
| Tax % | 24.63% | 29.08% | 461.06% | 25.00% | 25.35% | -31.21% | 37.71% | 25.24% |
| Net profit | 4.1 | 4.95 | -4.08 | 1.8 | 1.62 | -1.19 | 1.09 | 2.34 |
| EPS (₹) | 1.80 | 2.17 | -1.79 | 0.79 | 0.71 | -0.52 | 0.48 | 1.03 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Nelco Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 144 | 150 | 191 | 220 | 226 | 260 | 313 | 320 | 305 | 307 | 312 |
| Operating profit | 18 | 25 | 36 | 50 | 45 | 51 | 62 | 60 | 43 | 29 | 29 |
| OPM % | 13% | 17% | 19% | 23% | 20% | 19% | 20% | 19% | 14% | 9% | 9% |
| Net profit | 6 | 12 | 22 | 14 | 12 | 16 | 20 | 24 | 10 | 3 | 4 |
| EPS (₹) | 2.75 | 5.31 | 9.77 | 6.30 | 5.42 | 7.05 | 8.70 | 10.37 | 4.18 | 1.45 | 1.70 |
TTM is the trailing twelve months to the most recent quarter.
Nelco Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | -1 | 11 | 33 | 43 | 53 | 66 | 82 | 101 | 105 | 106 |
| Borrowings | 57 | 50 | 82 | 121 | 90 | 81 | 63 | 57 | 53 | 73 |
| Other liabilities | 52 | 78 | 99 | 93 | 72 | 93 | 95 | 102 | 107 | 146 |
| Total liabilities | 131 | 162 | 237 | 280 | 238 | 263 | 262 | 282 | 287 | 347 |
| Fixed assets | 36 | 51 | 87 | 117 | 108 | 110 | 95 | 87 | 78 | 77 |
| CWIP | 3 | 5 | 17 | 3 | 4 | 3 | 1 | 10 | 9 | 41 |
| Investments | 5 | 6 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 4 |
| Other assets | 87 | 101 | 134 | 160 | 126 | 150 | 165 | 181 | 197 | 225 |
| Total assets | 131 | 162 | 237 | 280 | 238 | 263 | 262 | 282 | 287 | 347 |
As reported by the company. Total assets equal total liabilities by construction.
Nelco Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 38 | 32 | 21 | 33 | 54 | 51 | 58 | 45 | 20 | 15 |
| Cash from investing | -3 | -14 | -45 | -40 | -8 | -18 | -25 | -19 | -17 | -21 |
| Cash from financing | -40 | -12 | 25 | 4 | -47 | -19 | -33 | -20 | -11 | 11 |
| Net cash flow | -5 | 6 | 2 | -2 | -1 | 14 | 1 | 6 | -8 | 6 |
| Free cash flow | 22 | 15 | -25 | -15 | 45 | 33 | 33 | 29 | 3 | -6 |
| CFO / operating profit | 179% | 137% | 70% | 86% | 98% | 101% | 103% | 104% | 81% | 80% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Nelco Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 17% | 26% | 25% | 20% | 14% | 18% | 22% | 23% | 14% | 7% |
| Debtor days | 85 | 134 | 115 | 117 | 102 | 109 | 96 | 97 | 128 | 123 |
| Inventory days | 130 | 176 | 85 | 123 | 148 | 129 | 153 | 268 | 415 | 360 |
| Days payable | 340 | 644 | 391 | 443 | 455 | 437 | 324 | 364 | 632 | 411 |
| Cash conversion cycle | -125 | -334 | -191 | -203 | -205 | -198 | -75 | 0 | -90 | 72 |
| Working capital days | -116 | -109 | -89 | -119 | 22 | -36 | 9 | -12 | 0 | -54 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Nelco Ltd shareholding pattern
Promoters held 50.09% at Sep 2026, broadly unchanged since Sep 2025. FIIs 4.83% and DIIs 0.05%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 50.09% | 50.09% | 50.09% | 50.09% | 50.09% | 50.09% | 50.09% | 50.09% |
| FIIs | 5.41% | 4.83% | 4.64% | 4.57% | 4.61% | 4.73% | 5.62% | 4.83% |
| DIIs | 0.14% | 0.13% | 0.12% | 0.16% | 0.16% | 0.26% | 0.05% | 0.05% |
| Government | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Public | 44.13% | 44.72% | 44.91% | 44.94% | 44.89% | 44.67% | 43.99% | 44.77% |
| No. of shareholders | 67,645 | 69,809 | 70,299 | 72,451 | 71,859 | 71,660 | 69,141 | 64,087 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Nelco Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018Company Updatelow impact
- Closure of Trading WindowInsider Trading / SASTlow impact
- Nelco Ltd: Newspaper publication of financial results noticeCompany Updatelow impact
Cruxal's analysis: Nelco Ltd has published a mandatory newspaper advertisement regarding the disclosure of…
Read the full analysis - CRISIL places Nelco Limited ratings on 'Rating Watch with Developing Implications' following 191 crore debt-funded investmentCompany Updatehigh impact
Cruxal's analysis: Nelco Limited has had its bank loan facility ratings (CRISIL A/A1) placed on 'Rating…
Read the full analysis - Nelco partners with Elveo for Direct-to-Device and IoT connectivity in South AsiaCompany Updatemedium impact
Cruxal's analysis: Nelco has entered into a strategic partnership with Elveo to introduce next-generation…
Read the full analysis - Nelco Limited invests 167 crore INR (20 million USD) in Lunar Holdco, Inc. to secure strategic satellite connectivity partnershipCompany Updatehigh impact
Cruxal's analysis: Nelco Limited has completed a strategic investment of 167 crore INR (20 million USD) in…
Read the full analysis
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