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Nelcast Share Price

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NSEBSE

150.15-1.00 (-0.66%)

03:44 PM,15th Apr 2024

150.65-0.40 (-0.26%)

03:30 PM,15th Apr 2024

BSE : 532864

NSE : NELCAST

Sector : Engineering

ISIN Code : INE189I01024

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Last Updated: Apr 15 2024 | 03:30 PM IST

Market Cap (₹ Cr)

1306

Turnover (₹ Cr)

0.42

Volume (Shares)

278898

Face Value

2

52-WK High

194.30

52-WK High Date

09 Nov 2023

52-WK Low

87.65

52-WK Low Date

16 Jun 2023

All Time High

194.30

All Time High Date

09 Nov 2023

All Time Low

3.17

All Time Low Date

13 Mar 2009

Nelcast Ltd

Nelcast Ltd was incorporated on 7th June 1982 as Nelcast Private Limited at Nellore (Andhra Pradesh). Subsequently the Company was converted into a Public Limited Company and the name was changed to Nelcast Limited on 20th September 1995. Mr P. Radhakrishna Reddy promoted the Company. Nelcast is a leading producer of ductile & grey iron castings in India. Besides a strong position in domestic market the Company has a rapidly growing presence spread across North America Europe and Southeast Asia. It has total installed production capacity of 160000 Metric tonnes per annum. Its factories are located at Ponneri in Tamil Nadu and at Gudur and Pedapariya in Andhra Pradesh. Presently it is engaged in manufacture of Iron Castings in Automobile sector such as engine transmission suspension axle brake steering housings etc. farm equipment industry railways and pipe fitting industries.It serves as a strategic supplier and partner of first choice to TAFE Tata Motors DANA Ashok Leyland Automotive Axles Limited Meritor and American Axles & Manufacturing among others. The Company is a one-stop shop for its customers for Grey Iron Ductile Iron and Austempered Ductile Iron ranging from 0.5 kg to 400 kg. Nelcast's manufacturing plants are in close proximity to Chennai which is a major manufacturing hub for automotive companies. Chennai forms both a key customer base for Nelcast and a reliable source of steel scrap a crucial raw material for the Company. All 3 plants are within 15-110 km of India's largest source of Silica Sand near Gudur. Moreover Chennai's International airport with direct flights to Europe MiddleEast & Southeast/East Asia make it convenient for customers to visit and see the Company's world class facilities first hand. The location enhances Company's export business given it is close to Krishnapatnam & Chennai seaports that gives easy access to reach its customers around the world.The first unit set up in Gudur Andhra Pradesh with an installed capacity of 1200 MT per annum for manufacturing ductile iron parts commenced commercial production in the year 1985 to serve as an ancillary unit to meet the requirements of Ashok Leyland Ltd. Subsequently The company has started to cater the requirements of farm equipment manufacturers and other heavy commercial vehicle manufacturers like Tata Motors Mahindra & Mahindra Tata Cummins Tafe to name a few. In less than a decade the unit was received ISO 9002-1994 / EN ISO 9002-1994 Quality certification by the Indian Register Quality Systems. In the year 1996 a new manufacturing unit was established in Ponneri Tamil Nadu with an installed capacity of 12000 MT per annum for manufacture of Grey Iron and Ductile Iron parts wherein the state-of-the-art machine shop consisting of CNC and special purpose machines and the Kunkel Wagner Moulding line were installed. Both the units have a distinct locational advantage of having proximity to the Chennai Port and also being well connected by both the railways and roadways.In the year 2003 a subsidiary Nelcast USA Inc. was incorporated for managing the marketing customer care service and coordinating with the overseas clients of Nelcast particularly those located in the US.In the year 2006 the company current manufacturing capacity of both the manufacturing units stands at 72000 MT per annum geared to reach 102000 MT per annum by the end of the current financial year. Apart from servicing the domestic requirement the Company is also exporting to USA Europe and Australia.During financial year 2007-08 the Company made an Initial Public Offer of 4350000 equity shares through 100% Book Building Process which opened on 4th June 2007 and closed on 8th June 2007. The shares were allotted on June 21 2007 and got listed on June 27 2007 on Bombay Stock Exchange Limited and National Stock Exchange of India Limited. As a result of the Public Issue the net worth of the Company substantially increased.The Company disposed off its shares held in the subsidiary Company Nelcast USA Inc in 2011-12 and hence Nelcast USA Inc was no more a subsidiary. NC Energy Ltd. was made a subsidiary company in 2012-13.

Nelcast Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1306

EPS - TTM (₹) [S]

4.56

P/E Ratio (X) [S]

2.67

Face Value (₹) 2
Latest Dividend (%)20.00
Latest Dividend Date 28 Jul 2023
Dividend Yield (%) 0.27
Book Value Share (₹) [S]56.14
P/B Ratio (₹) [S]2.67
[*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

142.75

154.95

Week Low/High

139.75

158.00

Month Low/High

125.00

158.00

Year Low/High

87.65

194.00

All time Low/High

3.32

194.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week5.81%5.96%-1.80-1.74%
1 Month15.37%15.01%1.041.13%
3 Month-8.64%-8.78%0.100.79%
6 Month-5.30%-5.42%10.7412.77%
1 Year59.68%59.56%21.4624.93%
3 Year128.54%126.98%50.4052.75%

Company Info

Company Information

Chairman & Independent Directo : D Sesha Reddy

CFO & Company Secretary : S K Sivakumar

Non-Exec. & Independent Dir. : A Balasubramanian

Non-Exec & Non-Independent Dir : P Divya

Managing Director : P Deepak

Non-Exec. & Independent Dir. : Maheshwari Mohan

Independent Director : RANGANATHAN SRIDHARAN

Registered Office: 34 Industrial Estate, ,Gudur,Andhra Pradesh-524101 Ph: 91-8624-251266/766

Email:nelcast@nelcast.com; sivakumar@nelcast.com

URL:http://www.nelcast.com