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.


Vishal Jhaveri is an avid finance blogger with vast experience in various financial markets like Stocks, Mutual Funds, Insurance, and Personal Finance. He believes that personal finance is a subject we aren’t taught in our schools.Earning is important to have a good sustainable life for yourself and your family. but you must acquire financial knowledge to create real wealth.Disclosure: All content provided on this website is for informational and educational purposes only and is not meant to represent trade or investment recommendations.

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