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NELCAST - Nelcast

📊 NSE: NELCAST 🏢 Castings & Forgings 📅 Last Updated: 12/14/2025 10:26

📢 Recent Corporate Announcements

Nelcast Credit Rating Outlook Upgraded to Positive by ICRA; Long-term Rating Reaffirmed at [ICRA]A

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 05 Mar 2026, 07:20 PM

ICRA has reaffirmed Nelcast Limited's long-term credit rating at [ICRA]A and short-term rating at [ICRA]A1. Significantly, the outlook for the long-term ratings has been revised from 'Stable' to 'Positive', signaling a potential upgrade in the near term. The total rated amount is maintained at Rs. 600.00 crore, although the composition of fund-based limits has been adjusted to Rs. 315.00 crore. This positive outlook reflects the company's strengthening financial position and operational stability.

ICRA revised the outlook to Positive from Stable for long-term ratings on Rs. 175.67 crore loans.
Long-term fund-based limits of Rs. 315.00 crore reaffirmed at [ICRA]A with a positive outlook.
Short-term ratings for fund-based and non-fund-based limits reaffirmed at the highest [ICRA]A1 level.
Total credit facilities reviewed by the agency amount to Rs. 600.00 crore.

💡 The revision to a positive outlook is a bullish signal regarding the company's debt-servicing capabilities and financial health. Investors should maintain a positive stance as this could lead to lower interest expenses and improved capital access.

Nelcast to Participate in Emkay Auto Ancillaries Investor Conference on March 6, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 02:27 PM

Nelcast Limited has scheduled a virtual interaction with institutional investors for March 6, 2026. The company will be participating in the Emkay Auto Ancillaries Investor Conference to engage with analysts and the investment community. This disclosure is a routine filing under Regulation 30 of SEBI (LODR) Regulations, 2015. The management has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this meeting.

Investor meeting scheduled for March 6, 2026, with Emkay Auto Ancillaries Investor Conference.
The interaction will be conducted via virtual mode to facilitate institutional engagement.
Company confirms that no unpublished price sensitive information (UPSI) will be discussed.
The meeting schedule is subject to change based on exigencies from either the company or the analyst.

💡 No immediate action is required as this is a routine investor relations activity. Investors should look for any post-conference presentations or transcripts on the company website for insights into management's outlook.

Nelcast to Attend Emkay Auto Ancillaries Investor Conference on March 6, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 02:25 PM

Nelcast Limited has scheduled a virtual interaction with institutional investors for March 6, 2026. The company will be participating in the Emkay Auto Ancillaries Investor Conference to engage with the analyst community. This disclosure is a routine filing under Regulation 30 of the SEBI (LODR) Regulations, 2015. The management has clarified that no unpublished price sensitive information (UPSI) will be shared during the session.

Investor meeting scheduled for March 6, 2026, via virtual mode.
Participation confirmed for the Emkay Auto Ancillaries Investor Conference.
Disclosure made in compliance with SEBI Listing Obligations on February 26, 2026.
Company confirms no unpublished price sensitive information will be discussed.

💡 Investors should monitor the company's website for any post-conference presentations that may provide updated insights into their auto-ancillary business outlook.

Nelcast Limited Releases Transcript of Investor Conference Call Held on Feb 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Feb 2026, 05:09 PM

Nelcast Limited has published the transcript of its conference call with fund managers and analysts held on February 10, 2026. The filing follows SEBI Listing Obligations and Disclosure Requirements to ensure transparency for all stakeholders. The transcript contains detailed discussions regarding the company's recent performance and strategic direction. Shareholders can access the full PDF via the link provided in the regulatory filing.

Conference call held on February 10, 2026, with institutional investors and analysts.
Transcript made available on the company website as per SEBI regulations.
The document provides a detailed record of management's responses to investor queries.

💡 Review the transcript to gain insights into management's outlook on the casting industry and company-specific growth drivers.

Nelcast Releases Audio Recording of Q3 & 9M FY26 Earnings Conference Call

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 10 Feb 2026, 03:43 PM

Nelcast Limited has released the audio recording of its conference call held on February 10, 2026, with fund managers and analysts. The discussion focused on the company's financial performance for the quarter and nine-month period ended December 31, 2025. This disclosure is a standard regulatory requirement under SEBI (LODR) Regulations to ensure transparency. Investors can access the recording via the company's website to understand management's perspective on recent results.

Audio recording of the Q3 and 9M FY26 earnings call is now publicly available.
The call was conducted on February 10, 2026, following the release of financial results.
Compliance with SEBI Regulations 30 and 46(2)(oa) regarding investor meet disclosures.
The recording provides insights into the company's performance for the period ending December 31, 2025.

💡 Investors should listen to the recording to gain deeper insights into management's outlook on the casting industry and specific growth drivers for Nelcast. No immediate action is required as this is a routine disclosure.

Nelcast Q3 FY26 PAT Surges 166% YoY to ₹15.9 Cr; EBITDA/kg Rises to ₹15.9

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 09 Feb 2026, 06:38 PM

Nelcast reported a strong Q3 FY26 with a 166.1% YoY increase in PAT to ₹15.9 Cr, driven by robust domestic demand and cost optimization. Revenue grew 11.8% YoY to ₹332.2 Cr, while EBITDA margins improved significantly to 10.8% from 7.7% in the previous year. The company's operational efficiency is highlighted by a 35% rise in EBITDA per kg to ₹15.9. While exports saw a slight YoY dip to ₹85.9 Cr, management expects a gradual recovery in Q4 supported by stabilizing global schedules and U.S. tariff relief.

Q3 FY26 PAT grew by 166.1% YoY to ₹15.9 Cr compared to ₹6.0 Cr in Q3 FY25
Revenue for the quarter increased 11.8% YoY to ₹332.2 Cr, supported by robust domestic tractor and CV demand
EBITDA per kg improved significantly to ₹15.9 from ₹11.8 in the year-ago period
9M FY26 revenue reached ₹971.2 Cr with a PAT of ₹33.2 Cr, up 39.6% YoY
The company maintains a strong installed capacity of 160,000 MT/Year with a focus on high-value-add products

💡 Investors should monitor the recovery in export volumes and the sustainability of the improved EBITDA/kg. The strong domestic demand in tractors and CVs provides a solid floor for earnings growth.

Nelcast Q3FY26 PAT Surges 166% YoY to Rs 15.9 Cr; EBITDA Margins Expand 308 bps

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 09 Feb 2026, 06:37 PM

Nelcast reported a robust Q3FY26 performance with Profit After Tax (PAT) jumping 166.1% YoY to Rs 15.9 crore. Revenue grew by 11.8% YoY to Rs 332.2 crore, driven by strong domestic demand in the M&HCV and tractor segments. Operational efficiency significantly improved, with EBITDA per kg rising 35% to Rs 15.9 and EBITDA margins expanding to 10.8%. The company is also seeing early signs of export stabilization and plans to commercialize a high-value product pipeline from its Pedapariya facility in FY27.

Net Profit (PAT) surged 166.1% YoY to Rs 15.9 crore in Q3FY26.
EBITDA grew 56.5% YoY to Rs 35.9 crore, with margins expanding by 308 bps to 10.8%.
EBITDA per kg reached a multi-quarter high of Rs 15.9, up from Rs 11.8 in the previous year.
Total Revenue for the quarter increased 11.8% YoY to Rs 332.2 crore.
Management highlighted a strong new-product pipeline from the Pedapariya facility with commercialization planned for FY27.

💡 Investors should note the significant operational turnaround and margin expansion, which suggests improved pricing power and cost control. The positive outlook for domestic CV demand and upcoming high-value product launches make this a strong candidate for a 'Buy' or 'Hold' rating.

Nelcast Q3 FY26 Net Profit Surges 166% YoY to ₹15.90 Cr; Revenue Up 13%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 09 Feb 2026, 06:18 PM

Nelcast Limited reported a robust performance for the quarter ended December 31, 2025, with consolidated revenue growing 13.1% YoY to ₹329.62 crore. The net profit witnessed a massive jump of 166% YoY, reaching ₹15.90 crore compared to ₹5.98 crore in the corresponding quarter of the previous year. On a sequential basis, the profit after tax surged by 234% from ₹4.76 crore in Q2 FY26. This significant bottom-line growth was driven by improved operational efficiencies as total expenses grew at a slower pace than revenue.

Revenue from operations increased 13.1% YoY to ₹329.62 crore from ₹291.41 crore.
Net Profit (PAT) skyrocketed by 166% YoY to ₹15.90 crore.
Profit Before Tax (PBT) rose substantially to ₹21.35 crore from ₹8.02 crore in Q3 FY25.
Earnings Per Share (EPS) improved to ₹1.83 from ₹0.69 in the year-ago period.
Nine-month PAT for FY26 stands at ₹33.16 crore, up from ₹23.75 crore in the previous year.

💡 The stock is expected to see positive momentum following the sharp increase in profitability and sequential margin expansion. Long-term investors should hold and monitor the sustainability of these improved margins in future quarters.

Nelcast Clarifies No Undisclosed Information Behind Recent Share Price Movement

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Feb 2026, 07:25 PM

Nelcast Limited has responded to a clarification request from the National Stock Exchange regarding recent significant movements in its share price. The company stated that there is no pending material information or announcement that has not been disclosed to the exchanges. According to the filing dated February 5, 2026, the price movement is purely market-driven and influenced by prevailing market conditions. The management confirmed full compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

NSE sought clarification via letter Ref No. NSE/CM/Surveillance/16435 dated February 5, 2026.
Nelcast confirmed no undisclosed material events or information are pending that could impact price.
The company attributed the share price volatility entirely to market-driven factors and market conditions.
Management reiterated that all material events are promptly disclosed as per SEBI (LODR) Regulations.

💡 Investors should treat the recent price volatility as market-driven rather than fundamental-based, as confirmed by the company. Focus on upcoming quarterly results for fundamental direction.

Nelcast Clarifies Omission of Director Identification Number in Q2 FY26 Financial Filings

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Feb 2026, 12:24 PM

Nelcast Limited has responded to a clarification sought by the National Stock Exchange regarding its financial results for the quarter and half-year ended September 30, 2025. The exchange noted that the Director Identification Number (DIN) was missing from the original filing submitted on October 30, 2025. The company clarified that the omission of the DIN for Managing Director P. Deepak (DIN: 02785326) was inadvertent. This is a procedural correction and does not alter the financial data previously reported by the company.

NSE sought clarification regarding Regulation 33 of SEBI LODR for the quarter ended September 30, 2025.
The company confirmed that the Managing Director's DIN was inadvertently omitted from the results filing.
Managing Director P. Deepak's DIN is 02785326.
Nelcast has committed to ensuring DIN inclusion in all future regulatory communications.
The clarification was filed on January 6, 2026, following an email from the exchange on the same day.

💡 This is a minor administrative update with no impact on the company's financial health or operations. Investors should focus on the actual financial performance reported in the Q2 results rather than this procedural filing.

Nelcast Limited Schedules Q3 FY2025-26 Earnings Call for February 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Jan 2026, 12:21 PM

Nelcast Limited has announced its earnings conference call to discuss the financial performance for the third quarter of FY2025-26. The call is scheduled for Tuesday, February 10, 2026, at 11:00 AM IST. Key management personnel, including the CEO & Managing Director and the CFO, will be present to interact with analysts and investors. This routine disclosure allows stakeholders to prepare for the upcoming financial results discussion.

Earnings conference call scheduled for February 10, 2026, at 11:00 AM IST
Management participants include CEO & MD Mr. P. Deepak and CFO Mr. S.K. Sivakumar
Call will focus on financial performance for the Q3 FY2025-26 period
Universal dial-in numbers provided are +91 22 6280 1107 and +91 22 7115 8008

💡 Investors should mark the date to listen for management commentary on demand trends in the automotive and tractor segments. Focus on updates regarding raw material costs and margin guidance for the remainder of the fiscal year.

Nelcast Limited Submits Routine SEBI Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 03:21 PM

Nelcast Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing, dated January 8, 2026, covers the quarter ended December 31, 2025. The company's Registrar and Share Transfer Agent (RTA), Bigshare Services Pvt Ltd, confirmed that no requests for rematerialisation were received during this period. This is a standard administrative filing required by all listed companies in India to maintain regulatory transparency.

Compliance certificate submitted for the quarter ended December 31, 2025
Bigshare Services Pvt Ltd confirmed zero rematerialisation requests during the quarter
Filing adheres to SEBI circulars NSDL/CIR/II/5/2019 and DSL/OPS/RTA/POLICY/2019/14
The document confirms the integrity of the company's dematerialized share records

💡 No action is required from investors as this is a routine regulatory filing. Monitor the company for upcoming Q3 financial results for fundamental performance insights.

Nelcast Limited Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Dec 2025, 02:04 PM

Nelcast Limited has officially notified the exchanges regarding the closure of its trading window starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q3 and nine-month financial results ending December 31, 2025. The restriction applies to all designated persons and their immediate relatives. The window will remain closed until 48 hours after the financial results are declared to the public.

Trading window closure effective from January 1, 2026.
Closure pertains to financial results for the quarter and nine months ending December 31, 2025.
Applies to Designated Persons, Immediate Relatives, and Connected Persons of the company.
Window to reopen 48 hours after the formal declaration of financial results.
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory announcement with no direct impact on business fundamentals. Investors should wait for the upcoming Q3 FY26 financial results to assess the company's performance.

View All NELCAST Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Domestic M&HCV segment (37.1% of 9M FY2025 revenue), Domestic Tractor segment (23.6% of 9M FY2025 revenue), and Exports (34.8% of 9M FY2025 revenue). Overall revenue for FY2025 was INR 1,263.4 Cr, a marginal decline of 0.85% YoY from INR 1,274.2 Cr in FY2024.

Geographic Revenue Split

Domestic India (64% of FY2025 revenue) and Exports (36% of FY2025 revenue at INR 445.22 Cr). Export concentration is high in the USA, with additional presence in Europe and Southeast Asia.

Profitability Margins

Net Profit Margin (PAT/OI) declined from 4.3% in FY2024 to 3.0% in FY2025. Profit After Tax (PAT) fell 31.4% YoY to INR 37.3 Cr in FY2025 from INR 54.4 Cr in FY2024.

EBITDA Margin

Operating Margin (OPBDIT/OI) was 8.0% in FY2025, up 20 bps from 7.8% in FY2024. However, it declined to 7.3% in 9M FY2025 (down 120 bps YoY) due to cost inflation and revenue decline.

Capital Expenditure

Annual maintenance capex of INR 20.0-25.0 Cr is planned for FY2026 and FY2027, to be funded through internal accruals. Significant debt-funded capex was completed in previous years.

Credit Rating & Borrowing

Ratings reaffirmed at [ICRA]A (Stable) and [ICRA]A1. Total debt/OPBDIT stood at 3.3x in FY2025, while interest coverage was 2.9x.

⚙️ Operational Drivers

Raw Materials

Pig iron and steel scrap (Specific % of total cost not disclosed, but commodity price softening contributed to a 5.7% YoY revenue decline in 9M FY2025).

Capacity Expansion

Current installed capacity is 1,60,000 MTPA across factories in Ponneri (TN), Gudur (AP), and Pedapariya (AP). No major debt-funded expansion is planned over the medium term.

Raw Material Costs

Not disclosed as a specific % of revenue; however, inability to pass on cost inflation led to a 120 bps decline in operating margins in 9M FY2025.

📈 Strategic Growth

Expected Growth Rate

11.30%

Growth Strategy

Transitioning to medium-to-high complexity machined castings to differentiate from low-cost Chinese competition; expanding export customer base in North America and Europe; leveraging a healthy order book from new global OEM platforms.

Products & Services

Ductile and grey iron castings including axle housings, clutch housings, and bogie suspension brackets.

Brand Portfolio

Nelcast

New Products/Services

Machined castings for global OEMs and new platforms; specific revenue contribution % not disclosed.

Market Expansion

Targeting North America, Europe, and Southeast Asia; increasing export customer base periodically.

Market Share & Ranking

One of the larger players in the Indian ductile iron/grey castings market.

🌍 External Factors

Industry Trends

Domestic tractor industry projected to grow ~11.3% to 975,000 units in FY2026; transition to TREM V emission norms by April 2026 will increase vehicle costs.

Competitive Landscape

Competes with local and Chinese suppliers; differentiates through specialized high-complexity products to maintain higher margins.

Competitive Moat

Safety-critical nature of products (axle/clutch housings) and long lead times for OEM validation (1-2 years) create high switching costs and durable competitive advantages.

Macro Economic Sensitivity

High sensitivity to domestic economic cycles (M&HCV segment is 37.1% of revenue) and global macro-economic trends affecting exports (34.8% of revenue).