NELCO Ltd
NSE: NELCO BSE: 504112
₹687.15
(1.51%)
Wed, 03 Jun 2026, 11:22 pm
Market Cap15.7B
PE Ratio471.52
Dividend0.15
Electronic Technology
Electronic Production Equipment
24.5KNELCO Analysis
dividend
- Dividends per share have increased over the past 10 years.
- Dividends paid are well covered by earnings (5.3x coverage).
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Nelco's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
- Nelco's dividend is below the markets top 25% of dividend payers in India (3.08%).
health
- Nelco is profitable, therefore cash runway is not a concern.
- Nelco is profitable, therefore cash runway is not a concern.
- Debt is well covered by operating cash flow (33.8%, greater than 20% of total debt).
- Debt is covered by short term assets, assets are 1.3x debt.
- Nelco's cash and other short term assets cover its long term commitments.
- The level of debt compared to net worth has been reduced over the past 5 years (1039.2% vs 148.7% today).
- Nelco's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
- Nelco's level of debt (148.7%) compared to net worth is high (greater than 40%).
- High level of physical assets or inventory.
management
- The average tenure for the Nelco board of directors is less than 3 years, this suggests a new board.
- Pradip's remuneration is higher than average for companies of similar size in India.
- Pradip's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
misc
- Nelco is not covered by any analysts.
- Nelco has significant price volatility in the past 3 months.
past
- Nelco has delivered over 20% year on year earnings growth in the past 5 years.
- Nelco used its assets more efficiently than the IN Communications industry average last year based on Return on Assets.
- Nelco's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Nelco's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
- Whilst Nelco has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
- Nelco's 1-year earnings growth is negative, it can't be compared to the IN Communications industry average.
value
- NELCO matched the Communications industry (-29.7%) over the past year.
- NSEI:NELCO is up 24.3% outperforming the Communications industry which returned 2.1% over the past month.
- NSEI:NELCO is up 24.3% outperforming the market in India which returned 8% over the past month.
- Nelco's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
- Nelco's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
- Nelco is overvalued based on assets compared to the IN Communications industry average.
- Nelco is overvalued based on earnings compared to the IN Communications industry average.
- Nelco is overvalued based on earnings compared to the India market.
- NELCO underperformed the Market in India which returned -14.5% over the past year.