NELCO Ltd

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NSEBSE

773.95-14.50 (-1.84%)

03:55 PM,26th Feb 2024

774.45-16.15 (-2.04%)

04:01 PM,26th Feb 2024

BSE : 504112

NSE : NELCO

Sector : Telecom

ISIN Code : INE045B01015

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Last Updated: Feb 26 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1766

Turnover (₹ Cr)

0.42

Volume (Shares)

53835

Face Value

10

52-WK High

893.80

52-WK High Date

13 Jul 2023

52-WK Low

486.15

52-WK Low Date

28 Mar 2023

All Time High

1090.00

All Time High Date

02 Sep 2022

All Time Low

2.60

All Time Low Date

11 Feb 1998

NELCO Ltd

NELCO Limited (Formerly known as National Radio & Electronics Company) was promoted in 1940 by the Investment Corporation of India inter alia to manufacture broadcasting equipment. The Company had two wholly owned subsidiaries viz. Tatanet Services Ltd. (TNSL) & Nelco Network Products Ltd. (NNPL). The Company is a subsidiary of The Tata Power Company Limited. The Company was engaged in providing end to end networking solutions (Satcom Projects) services sale/rental of VSATs and maintenance of private hubs and hybrid networks for its customers (Equipment business and related services). TNSL was engaged in the Satellite Communication services (VSAT Bandwidth services) and NNPL did not commence its operations.NELCO has technical collaboration/technical transfer agreements with Serck Control UK for 16 RIT industrial micro computers; and with Teleglobe Canada for data communication networks. It introduced telebanking in the nationalised banks and computerised more than 65 branches of 28 banks all over India. It also introduced India's first LAN inter-connectivity products. The company has diversified its activities in the electronic field and manufactures televisions computer and telecommunication systems as well as industrial systems and plans to set up a new factory to manufacture and sell telecommunication systems. NELCO transferred its business systems division to a new subsidiary -- Nelito Systems formed in association with Itochu Corporation Japan. NELCO has been selected by Chittararanjan Locomotive Works for power control and auxillary equipment of 6000 HP AC locomotives. This project was executed successfully in 2001 and were approved by RDSO.NELCO and General Electric (GE) of USA have signed a co-operation agreement which will enable GE and NELCO to play complementary role in providing state-of-the-art drive and automation systems for the metal industries in India. The construction of Technopolis Knowledge Park (TKP) at Andheri was completed by the company with the assistance of Tata Housing Development Company.The company has executed orders for defence requirement in 2001-02 and the company has orders worth Rs.12.80 crores for supply of Global Positioning Receivers for Army and Airforcefor execution in 2002-03.The Tatanet Division of NELCO introduced exclusive third generation broadband VSAT technology from Viasat USA in 2004. Tatanet Division launched the Tata Indicom VSAT services brand in 2006. The Company became the subsidiary of The Tata Power Company Limited during 2005-06. Further it launched Readynet through its channels to cater to both Mid market and SME segment in 2008.In 2009-10 the Company transferred the Traction Electronics Industrial Drives and the Supervisory Control and Data Acquisition (SCADA) businesses to Crompton Greaves Limited (CGL) through slump sale basis effective on 28 July 2010. In 2015 it set up a new hub in Dehradun which became operative from December 2014. During the year 2016-17 the company had set up a new Extended-C VSAT Hub in Mahape which got operational from May 2016. In 2020 it launched its SatCom services for both Maritime and Aero IFC under the In-flight and Maritime Communication (IFMC) license frm Government of India. During the year 2022 the Company received approval from Department of Telecommunications (DoT) for transfer of VSAT and ISP license held by subsidiary Company Tatanet Service Limited (TNSL) to Nelco Limited. Upon approval from DoT the Scheme of Restructuring became effective from April 1 2017. Pursuant to approval the Proposed Scheme accounted for as follows. Discontinued operations were transferred to Nelco Network Products Limited (NNPL). Resulting to this it acquired from the Company two businesses on a going concern basis by way of slump sale comprising of Industrial Security and Surveillance System (ISSS) and sale and maintenance of VSAT and related equipment and TNSL got merged with the Company.

NELCO Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1766

EPS - TTM (₹) [S]

10.87

P/E Ratio (X) [S]

16.37

Face Value (₹) 10
Latest Dividend (%)20.00
Latest Dividend Date 06 Jun 2023
Dividend Yield (%) 0.26
Book Value Share (₹) [S]47.29
P/B Ratio (₹) [S]16.37
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

770.00

792.00

Week Low/High

753.65

814.00

Month Low/High

745.00

855.00

Year Low/High

486.15

894.00

All time Low/High

2.20

1090.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week0.57%0.76%0.110.00%
1 Month-5.60%-5.62%2.963.60%
3 Month0.87%0.90%10.3411.76%
6 Month-5.30%-5.34%12.1814.83%
1 Year41.33%40.69%22.4126.66%
3 Year273.35%273.35%48.2552.26%

Company Info

Company Information

Chairman Emeritus : R N Tata

Managing Director & CEO : P J Nath

Company Sec. & Compli. Officer : Girish V Kirkinde

Non-Exec. & Independent Dir. : K Narasimha Murthy

Non-Exec. & Independent Dir. : Lakshmi Nadkarni

Non-Exec. & Independent Dir. : Ajay Kumar Pandey

Director : Saurabh Ray

Chairman (Non-Executive) : Amur Swaminathan Lakshminarayanan

Registered Office: EL 6 TTC Industrial Area, MIDC Electronics Zone Mahape,Navi Mumbai,Maharashtra-400710 Ph: 91-22-67399100

Email:girish.kirkinde@nelco.in

URL:http://www.nelco.in