Nelcast Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
NELCAST · price
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Nelcast Limited reported FY2026 revenue of Rs.1,328 crore, up 6.1% from Rs.1,252 crore in FY2025. Net profit grew 29.9% to Rs.48.4 crore from Rs.37.3 crore, with EPS at Rs.5.57 vs Rs.4.29 prior year. PBT improved significantly to Rs.64.9 crore from Rs.49.3 crore. The board recommended a 35% dividend (Rs.0.70 per share of Rs.2 face value), subject to shareholder approval at the 44th AGM on July 27, 2026. Long-term borrowings were reduced significantly to Rs.3,691 lakh from Rs.6,865 lakh in the prior year. The subsidiary NC Energy Limited has not commenced commercial operations yet. Statutory auditors K. Nagaraju & Associates issued an unmodified opinion on both standalone and consolidated financials. An exceptional item of Rs.376.36 lakh from land sale was recorded in the prior year (FY2025).
Strong bottom-line performance with nearly 30% PAT growth and significantly reduced debt levels are positive for shareholders. Unmodified audit opinion with no going concern issues adds credibility. Dividend declaration is a shareholder-friendly move.