Nelcast (NELCAST) share price, P/E, ROE & financials

Nelcast (NELCAST) had a P/E of 33.3× on 6 Nov 2026, above the industry P/E of 25.1×. It earns ROCE of 13% and ROE of 8.4%, and sales and net profit grew 1.6% and 18% a year over 3 years. Its dividend yield is 0.5%, and debt is 0.43× equity. It is a small-cap company with a market cap of ₹1,373 Cr, ranked 26th of 71 Metal Fabrication companies by market cap; the shares rose 46% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹163.00
Day high: ₹165.14
Day low: ₹155.52
Prev. close: ₹166.10
Volume: 2.8 L

Health check

1 good · 2 fair · 3 to check

ReturnsAhead
+46.3% over a year, better than 5 of 7 peers.
Price tagPricier
P/E 33.3 vs industry 25.1.
GrowthSlow
Sales +1.6%, profit +17.7% a year over 3 years.
ProfitabilityAverage
ROCE 12.6% vs peer median 15.6%.
Balance sheetFair
Debt 0.43× equity, interest covered 4.0×.
Red flags1 to check
Quarterly profit down 58.9% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Metal Fabrication

70 listed peers. Screen the industry

Small cap

₹1,373 Cr, #26 of 71 in its industry by size.

Defensive

Beta 0.32 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,338 Cr · profit ₹41 Cr

Market cap: ₹1,373 Cr; Small cap
P/E: 33.3; Industry 25.1
Price to book: 2.29; Peers 7.00
Dividend yield: 0.49%
ROE: 8.4%; Peers 8.6%
ROCE: 12.6%; Peers 15.6%
Debt to equity: 0.43; Debt ₹257 Cr
EPS (TTM): ₹4.73; Face value ₹2
OPM (TTM): 8.0%; Net margin 3.1%
Sales growth: +2.8%; Latest quarter vs a year ago
Profit growth: −58.9%; Latest quarter vs a year ago
Price to sales: 1.03; EV/EBITDA 16.3

Strengths

Positive operating cash flow in each of the last 4 years.

Risks to check

Quarterly profit down 58.9% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Nelcast

Nelcast Limited manufactures and sells ductile and grey iron castings in India and internationally. The company offers commercial components, such as bearing cap, rear differential carrier, differential case in plain and flanged, forward differential carrier, wheel hub, brake disc rotor, cast axle housing, suspension arm, bogie suspension bracket, central and outer housings for v-rod suspensions, front node bracket, independent front suspension/air buffer…

Headquarters: Chennai
Employees: 1,334
Sector: Industrials
ISIN: INE189I01024
Website: nelcast.com

Price range

52 weeks

₹85.98₹173.20

Today

₹155.52₹165.14

Avg volume (3M): 5.5 L
1-year return: plus 46.3%
From 52-week high: minus 9.2%

Peers · Metal Fabrication

Compare with peers Screen the whole industry

Company
BHARATFORGBharat Forge	1,740.00	minus 0.74%	85,029	121.8	7.23	15.6%	6.7%	14.7%	9.7%	26.9%	0.49%	plus 32.3%
INDOMIMINDO-MIM	1,219.50	minus 3.93%	60,302	101.1	20.94	22.8%	21.3%	28.6%	15.8%	4.9%	0.00%	plus 64.4%
PTCILPTC Industries	24,335.00	plus 0.04%	38,564	290.6	23.73	7.9%	8.6%	24.6%	40.7%	57.8%	0.00%	plus 41.4%
ZETWERKZetwerk Manufacturing Businesses	164.89	minus 1.10%	27,937	–	−2.47	−13.0%	−36.0%	0.1%	56.9%	–	0.00%	plus 19.3%
HAPPYFORGEHappy Forgings	1,694.50	minus 10.00%	15,996	49.0	7.00	18.9%	15.2%	30.6%	9.8%	13.1%	0.24%	plus 85.8%
RKFORGERamkrishna Forgings	693.85	minus 4.25%	13,087	68.4	3.51	4.7%	5.6%	17.1%	10.5%	−33.9%	0.58%	plus 35.6%
GRAVITAGravita India	1,493.90	minus 0.07%	10,883	27.3	4.11	18.1%	16.2%	9.3%	14.9%	23.5%	0.52%	minus 15.4%
NELCASTNelcast	157.32	minus 5.29%	1,373	33.3	2.29	–	6.9%	8.0%	1.6%	17.7%	0.49%	plus 46.3%
Median of 7 peers	–	−1.10%	27,937	84.7	7.00	15.6%	8.6%	17.1%	14.9%	18.3%	0.24%	35.6%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Mar 25	Jun 25	Dec 25	Mar 26	Jun 26
330	332	330	368	341
–	–	–	+11.7%	+2.8%
300	304	296	336	325
29.7	28.2	33.3	31.9	15.8
9.0%	8.5%	10.1%	8.7%	4.6%
4.6	4.1	2.6	3	4.3
9.5	9.3	7.9	6.9	6.6
6.6	6.4	6.6	7.4	6.8
18.2	16.6	21.4	20.6	6.7
25.5%	24.7%	25.5%	26.0%	23.2%
13.5	12.5	15.9	15.3	5.1
–	–	–	+12.7%	minus 58.9%
1.56	1.44	1.83	1.76	0.59

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +1.6%
Profit CAGR 3Y: +17.7%
EPS CAGR 3Y: +17.7%
ROE: 8.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,258	1,258	1,240	1,319
–	minus 0.0%	minus 1.4%	+6.3%
1,178	1,165	1,151	1,208
79.7	92.3	88.9	111
6.3%	7.3%	7.2%	8.4%
8.7	6.3	7.9	3
23.8	24.2	26.1	21.5
24	24.1	24.8	27
−0.4	18.5	3.4	−0.1
40.3	68.6	49.3	64.9
26.2%	20.7%	24.4%	25.4%
29.7	54.4	37.3	48.4
–	+83.0%	minus 31.5%	+29.9%
3.42	6.25	4.29	5.57

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
17.4	17.4	17.4	17.4
451	502	535	579
304	329	294	257
256	284	317	345
1,028	1,132	1,164	1,199
476	512	516	506
17.7	65.8	4.2	4.3
11.5	12.7	23.4	23.8
105	84.9	78.2	84.8
418	457	542	579
1,028	1,132	1,164	1,199

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
80.4	20.4	105	91.6
−23.4	−30.5	−38.2	−10.9
−70.5	−39.1	−61.1	−76.2
−13.5	−49.2	5.5	4.5
−19.9	−63.6	−93.2	−17.7
60.5	−43.1	11.6	73.8
−2.6	−3.5	−3.5	−4.4

Shareholding pattern

Source: NSE filings

74.9%

promoters

Promoters74.87%
Public25.13%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	74.87%	25.13%	0.00
30 Jun 2026	74.87%	25.13%	0.00
31 Mar 2026	74.87%	25.13%	0.00
31 Dec 2025	74.87%	25.13%	0.00
30 Sep 2025	74.87%	25.13%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you