Nelcast Limited – Dark Horse Series – 5

It is an auto ancillairy company which produces and sells ductile iron castings and grey iron castings worldwide. We are talking about the Nelcast Limited.

Company Financial

  • It has an equity base of just Rs.17.40crore that is supported by reserves of around Rs.329 crores, the debt on the company is just 73.41crores
  • 74.59% Promotor Holding, Promotor and their relatives are actively buying shares from open marker from last one month
  • During FY17, it has posted profit of Rs.33.98crore as against profit of Rs.31.87crore in FY16 on sales of Rs.574.56crore fetching an EPS of Rs.3.91
  • It is available at PE ratio of 22.16 against industry PE of 29.14
  • It is regular dividend paying company & company has declares 45% dividend for FY17
  • Technically the stock is on verge of a breakout, huge move expected.
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