NELCASTNSENelcast Limited· Castings/ForgingsHighNeutral
Announced Mon, 18 May · 17:39 IST

Nelcast Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Pat Growth 25pctExceptional ItemDebt Equity ThresholdResults View source PDF

NELCAST · price

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Price reaction · full curve 14 horizons · vs prior close
-3.1%1-day move
₹140.10
prior close
₹136.51
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.1+2.6+1.8-1.0-3.1-4.7-3.6-2.0-2.2-0.1-2.2-1.5-8.6
Up moveDown movePending
AI summary

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).

Likely market impact

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.