NELCO (NELCO) share price, P/E, ROE & financials

On 6 Nov 2026, NELCO was priced at ₹727.45, or 418.1× trailing earnings, against an industry P/E of 40.6×, and the shares are 35% below their 52-week high. Sales and net profit fell 0.7% and 45% a year over 3 years; its ROCE of 6.8% is the second-lowest among the 7 largest Communication Equipment peers. Debt is 1.88× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹1,660 Cr, ranked 10th of 24 Communication Equipment companies by market cap; the shares fell 15% over the past year.

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

past year

Open: ₹731.00
Day high: ₹737.00
Day low: ₹716.30
Prev. close: ₹737.85
Volume: 1.3 L

Health check

1 fair · 5 to check

ReturnsIn line
−15.1% over a year, better than 4 of 7 peers.
Price tagPricier
P/E 418.1 vs industry 40.6.
GrowthShrinking
Sales −0.7%, profit −44.9% a year over 3 years.
ProfitabilityWeak
ROCE 6.8% vs peer median 10.8%.
Balance sheetStretched
Debt 1.88× equity, interest covered 1.9×, Piotroski 4 of 9.
Red flags4 to check
Return on equity is low at 3.1%.

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

Communication Equipment

23 listed peers. Screen the industry

Small cap

₹1,660 Cr, #10 of 24 in its industry by size.

Defensive

Beta 0.55 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹316 Cr · profit ₹4 Cr

Market cap: ₹1,660 Cr; Small cap
P/E: 418.1; Industry 40.6
Price to book: 12.63; Peers 8.15
Dividend yield: 0.14%
ROE: 3.1%; Peers 16.6%
ROCE: 6.8%; Peers 10.8%
Debt to equity: 1.88; Debt ₹246 Cr
EPS (TTM): ₹1.74; Face value ₹10
OPM (TTM): 8.8%; Net margin 1.3%
Sales growth: +5.1%; Latest quarter vs a year ago
Profit growth: +7.0%; Latest quarter vs a year ago
Price to sales: 5.26; EV/EBITDA 70.7

Strengths

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

Risks to check

Return on equity is low at 3.1%.
Debt is 1.88× equity.
P/E of 418.1 against an industry P/E of 40.6.
35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About NELCO

Nelco Limited provides satellite communication connectivity systems and solutions. The company offers VSAT satellite communication services for bank atm, bank branches, renewable energy, enterprise, and maritime and aero, as well as oil, energy, and gas areas; installation and annual maintenance contract; network management; and satellite communication and internet services. It also designs, supplies, installs, and maintains customized and integrated…

Headquarters: Navi Mumbai
Employees: 206
Sector: Technology
ISIN: INE045B01015
Website: nelco.in

Price range

52 weeks

₹500.10₹1,120.00

Today

₹716.30₹737.00

Avg volume (3M): 3.2 L
1-year return: minus 15.1%
From 52-week high: minus 35.0%

Peers · Communication Equipment

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
STLTECHSterlite Technologies	719.90	minus 5.00%	37,018	52.4	65.8	8.0%	22.0%	0.22	−11.8%	plus 530.2%
HFCLHFCL	210.66	minus 5.00%	32,237	36.8	42.9	10.8%	21.2%	0.34	1.3%	plus 188.1%
ITIITI	248.85	minus 0.58%	23,961	135.2	350.1	14.4%	−4.0%	0.40	16.1%	minus 22.6%
ASTRAMICROAstra Microwave Products	1,557.80	minus 0.01%	14,791	78.4	44.6	20.8%	28.6%	0.22	12.6%	plus 47.1%
TEJASNETTejas Networks	417.20	minus 1.59%	7,422	–	–	−29.5%	−23.2%	1.97	6.1%	minus 21.7%
AVANTELAvantel	138.69	minus 1.24%	3,686	190.0	76.9	8.2%	24.7%	0.31	12.9%	minus 16.3%
PACEDIGITKPace Digitek	158.13	minus 1.62%	3,413	9.8	8.5	16.1%	16.3%	0.57	73.8%	minus 26.6%
NELCONELCO	727.45	minus 1.41%	1,660	418.1	55.1	6.8%	9.8%	1.88	−0.7%	minus 15.1%
Median of 7 peers	–	−1.59%	14,791	65.4	55.2	10.8%	21.2%	0.34	12.6%	−16.3%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
74.8	78.3	79.2	80	78.1
67.1	73.6	73.7	71.7	69
7.7	4.7	5.5	8.3	9.1
10.3%	6.0%	7.0%	10.4%	11.7%
0.8	3.8	1.9	0.1	2.5
1.2	1.4	0.7	1.3	3.4
4.9	5	4.9	5.1	5.8
–	−3.8	–	1.1	–
2.4	−1.7	1.8	3.1	2.3
25.0%	31.2%	37.7%	25.2%	25.8%
1.8	−1.2	1.1	2.3	1.7
0.79	-0.52	0.48	1.02	0.76

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −0.7%
Profit CAGR 3Y: −44.9%
EPS CAGR 3Y: −45.0%
ROE: 3.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
313	320	305	307
–	+2.3%	minus 4.8%	+0.6%
249	260	260	276
63.9	60.4	44.8	31.1
20.4%	18.9%	14.7%	10.1%
0.8	1.7	2	0.7
7.7	6.6	5.5	4.9
27.8	22.1	22.2	20
−1.4	0.1	0.5	−2.4
27.8	33.5	19.7	4.6
28.6%	29.4%	51.5%	27.7%
19.9	23.7	9.5	3.3
–	+19.2%	minus 59.7%	minus 65.2%
8.70	10.37	4.18	1.45

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
22.8	22.8	22.8	22.8
81.7	101	105	106
63.1	56.9	52.5	72.8
94.6	102	107	146
262	282	287	347
92.1	92.4	82.5	113
1.5	9.6	8.7	41.5
0.2	0.2	0.2	0.2
16.2	21.8	13.9	19.8
152	158	182	172
262	282	287	347

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
58.1	44.9	19.7	15.3
−24.9	−19.2	−16.5	−20.8
−32.6	−20	−11.1	11
0.5	5.6	−7.9	5.5
−25.1	−16.3	−16.6	−23.3
33	28.6	3.1	−8
−4.1	−4.5	−4.8	−2.2

Shareholding pattern

Source: NSE filings

50.1%

promoters

Promoters50.09%
Public49.91%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	50.09%	49.91%	0.00
30 Jun 2026	50.09%	49.91%	0.00
31 Mar 2026	50.09%	49.91%	0.00
31 Dec 2025	50.09%	49.91%	0.00
30 Sep 2025	50.09%	49.91%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you