# Nelcast share price today (Nelcast Ltd, NSE: NELCAST)

> Nelcast share price today: ₹164.02 at the NSE close on 3 November 2026, up 41.2% in a year. Nelcast (NSE: NELCAST) is worth ₹1,433 crore, trades at a P/E of 34.9 and has closed between ₹89.49 and ₹164.02 over the past 52 weeks. > Nelcast Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NELCAST · Castings, Forgings & Fastners · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/nelcast-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹164.02 (+41.2% in a year)
- P/E: 34.9× (higher than 81% of the last 11 years)
- Revenue (Jun 2026): ₹341 Cr (+2.8% on a year ago)
- Profit (Jun 2026): ₹5.1 Cr (−58.9% on a year ago)
- Operating margin: 4.6% (−3.9 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 8.2%, against a 12.0% cost of capital: −3.8 points

Biggest thing to watch: the P/E is higher than 81% of its own history, so the multiple has already done part of the work. ## What is the Nelcast share price today? Nelcast Ltd's share price was ₹164.02 at the close on 3 November 2026. It has been falling for 9 weeks. That is 31.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹89 and ₹164, and at that close it was at the high of that range. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row. Over the last 11 years the share price moved +178% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Nelcast this quarter? Two changes stood out: profit fell in the June 2026 quarter and lowest operating margin in 14 quarters. 1. Profit fell in the June 2026 quarter Profit was ₹5 crore, -58.9% on a year earlier (₹13 crore), after 2 quarters of growth. Why: Profit fell because raw material costs rose more than Rs 5/kg after the Middle East disruption, which squeezed the operating margin. Next results: check whether the raw material cost shock is fully recovered from customers. From the earnings call on 29 Sep 2026. 2. Lowest operating margin in 14 quarters Operating margin was 4.6% in the June 2026 quarter, against 8.5% a year earlier. Why: The operating margin fell because raw material costs rose more than Rs 5/kg after the Middle East disruption. Next results: check whether margins improve as customers pay higher prices after the earlier cost rise. From the earnings call on 29 Sep 2026. ## What are Nelcast's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Nelcast reported revenue of ₹341 crore, up 2.8% from ₹332 crore a year earlier, and a profit of ₹5.14 crore, down 58.9% from ₹12.5 crore. ### Nelcast results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹341 crore | ₹332 crore | +2.8% |
| Profit | ₹5.14 crore | ₹12.5 crore | −58.9% |
| Earnings per share | ₹0.59 | ₹1.44 | −59.0% |
| Operating margin | 4.6% | 8.5% | −3.9 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Nelcast's management discussed these results on a call held on 29 September 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Nelcast share price history? Nelcast closed at ₹164.02 on 3 November 2026, up 41.2% from ₹116.15 a year earlier (31 October 2025) and up 96.3% over five years. Its highest weekly close since March 2016 was ₹177.95 on 12 November 2023. ### Nelcast share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹119.30 | +37.5% |
| 1 month ago · 1 Oct 2026 | ₹120.60 | +36.0% |
| 6 months ago · 30 Apr 2026 | ₹141.89 | +15.6% |
| 1 year ago · 31 Oct 2025 | ₹116.15 | +41.2% |
| 3 years ago · 3 Nov 2023 | ₹165.65 | −1.0% |
| 5 years ago · 4 Nov 2021 | ₹83.55 | +96.3% |
| 10 years ago · 4 Nov 2016 | ₹61.10 | +168.4% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹58.95 | +178.2% |
| Highest weekly close since March 2016 · 12 Nov 2023 | ₹177.95 | −7.8% |
| Lowest weekly close since March 2016 · 20 Mar 2020 | ₹29.55 | +455.1% |
| 52-week high (weekly close) · 3 Nov 2026 | ₹164.02 | 0.0% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹89.49 | +83.3% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Nelcast? 3 Nov 2026: Nelcast closed at ₹164.02, up 37.5% on the week and up 36.0% on the month. 29 Sep 2026: Nelcast held its results call for April to June 2026. Management guided: FY27 volumes above 1 lakh tons; next-year volumes approximately 15% higher. ### Earlier

- 20 Jul 2026: ex-date for a dividend of ₹0.70 a share. - Results for April to June 2026: Revenue up 2.8% and profit down 58.9% on a year earlier. ## What dividend does Nelcast pay? Nelcast paid ₹0.70 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.43% at the ₹164.02 close on 3 November 2026. The last was a dividend of ₹0.70 a share, ex-date 20 July 2026. ### Nelcast dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 20 Jul 2026 | ₹0.70 | Dividend |
| 25 Jul 2025 | ₹0.50 | Dividend |
| 18 Jul 2024 | ₹0.40 | Dividend |
| 28 Jul 2023 | ₹0.40 | Dividend |
| 26 Jul 2022 | ₹0.30 | Dividend |
| 30 Jul 2021 | ₹0.20 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Nelcast Ltd paid out 13% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Nelcast management say on the latest results call? On the call for April to June 2026, held on 29 September 2026, Nelcast's management guided: FY27 volumes above 1 lakh tons; next-year volumes approximately 15% higher. > “In the next 3 years, once we reach our full volume, it will be approximately 18 rupees per kg. That is our target. - Sivakumar”
> CFO, on the call for April to June 2026

### What management guided

- New products approximately 250-300 tons per month by January to March 2027. - Pedapariya utilisation approximately 40% by January to March 2027; profitability improves above 35%, while foundry efficiency improves above 70-75% utilisation. - Exports approximately 35% by year-end and above 50% within 3 years. - Q2 margins to improve after first-quarter raw-material shock and customer price recovery. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/4745-29-Sep-2026.pdf). (From the call for April to June 2026, 29 September 2026.)

## What to watch in Nelcast's next results? When Nelcast reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 operating profit/kg recovery after customer pass-through - check whether the raw-material shock is fully recovered. - What to check (from the call)
- Q2 operating profit/kg recovery after customer pass-through - check whether the raw-material shock is fully recovered. - New-product bulk production in Q2 - check first commercial volumes and the customer schedule underpinning the later run rate. - Pedapariya utilisation progression - check movement toward the flagged Q4 goal and plant profitability. - Export mix recovery - check demand across US commercial vehicles and Europe after tariff pass-through. ## Which stock lists is Nelcast on? Nelcast is not on any of our India lists this week. ## Is Nelcast profitable? Nelcast Ltd earned ₹5.1 Cr of net profit in the Jun 2026 quarter, −58.9% on the same quarter a year earlier. Full-year FY26 profit was ₹48.0 Cr. Over 10 years profit has grown 4.1% a year on average. That is 1.5% of the quarter's revenue. The same quarter a year earlier earned ₹12.5 Cr. For the full year, FY26 profit was ₹48.0 Cr (+29.7% on the year before). Why profit moved: revenue changed +2.8% on a year earlier and the margin moved −3.9 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +17.1% and revenue +4.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Nelcast make, and is it growing? Nelcast Ltd reported ₹341 Cr of revenue in the Jun 2026 quarter, +2.8% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 9.0% a year on average. The last full year, FY26, came in at ₹1,328 Cr. The last four reported quarters add to ₹1,338 Cr. FY26 revenue was ₹1,328 Cr, +6.1% on the year before. Recent pace: the last four quarters grew +4.5% on average, against 9.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +4.2%, against +2.5% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −1.8%, against −13.7% a year (accelerating). ## How much of every ₹100 of sales does Nelcast keep? Nelcast Ltd's operating margin was 4.6% in the Jun 2026 quarter, 3.9 percentage points lower than the same quarter a year ago. Across 13 years it has been between 6.0% and 11.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −3.9 percentage points on the year while gross margin changed −1.8 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Nelcast's profit turning into cash? Over the last 3 years, 156% of Nelcast Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹92.0 Cr of operating cash against ₹48.0 Cr of profit. After ₹16.0 Cr of spending on assets, ₹76.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 156% of profit came in as cash: the cash cycle got 34 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Nelcast's cash go? Nelcast Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 51 days in FY26, down from 85 days in FY21. It spent ₹107 Cr on assets over the last 3 years. Customers take 98 days to pay, and stock sits for 120 days on average. At FY26 sales of ₹1,328 Cr, each day of that cycle ties up about ₹3.6 Cr, so roughly ₹186 Cr is tied up in the business at any time. FY26: customers took 98 days to pay and stock sat for 120 days, about 3.9 months of sales sitting as stock, for a full cycle of 51 days, shorter than FY21's 85. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 120 days. Customers pay about 98 days after that. Suppliers are paid at 167 days. Together that makes the 51-day cycle. Spending on assets: ₹107 Cr over the last 3 years, against ₹76.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Nelcast's P/E ratio, and how does it compare with its own history? Nelcast Ltd's P/E is 34.9×, near the high end of its own history: higher than 81% of past readings. Its usual P/E (the middle reading) is 24.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +29.8% while the price moved +41.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +14.4% a year; about +16.1% a year came from earnings growth and about −1.7 percentage points from the multiple (the market paying less); over 10 years the price moved +10.4% a year; about +2.6% a year came from earnings growth and about +7.8 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Nelcast business getting better or worse? Nelcast Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 12.5%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Nelcast earn on its capital? Nelcast Ltd earned a ROCE of 11% in FY26. That is up from a low of 5% in FY21. Its return on capital used (ROIC) is 3.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.6% net margin and 1.11× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.6% net margin × 1.11× asset turnover × 2.01× leverage (assets divided by equity) ≈ 8.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.2% − 12.0% = −3.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Nelcast have too much debt? Nelcast Ltd has total debt of ₹257 Cr against shareholder equity of ₹599 Cr as of Jun 2026, so its debt is 0.43× its equity. Year by year, that ratio went from 0.63 in FY22 to 0.43 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Nelcast shareholding pattern? No group of Nelcast Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 74.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +0.1 points over 8 quarters, to 0.1%; Promoters: +0.0 points over 8 quarters, to 74.9%; Foreign institutions: +0.0 points over 8 quarters, to 0.0%. ## How far is Nelcast from balance-sheet trouble? For Nelcast Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Nelcast rank in its industry? 47.7 out of 100, rank 12 of 20 in Castings, Forgings & Fastners, with 96% of the evidence available. Nelcast Ltd scores 47.7 out of 100 against the 20 companies it is compared with in Castings, Forgings & Fastners, ranking 12. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 9.9 + 11.7 + 15.1 + 11 = 47.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Nelcast compared with? Nelcast ranks 12 of 20 Castings, Forgings & Fastners companies on the 4-Factor Sector Score, with 47.7 out of 100. 1. [Kennametal India Ltd](https://www.sectoralpha.in/stocks/kennametal-india-ltd) KENNAMET · leader · Sector-leading setup · 96% evidence 83.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.7/35 · Revenue 29.1% · Profit 91.2% · Operating margin change 12 points · 88% evidence Capital efficiency 21.5/25 · ROCE 33.2% · Operating margin 27% · 100% evidence Valuation 12.4/20 · P/E 41.4× · PEG 1.34 · 100% evidence Relative strength 18.9/20 · Lead over its industry 16% · Lead over NIFTY 500 34.5% · 1 year 76.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30.7 + 21.5 + 12.4 + 18.9 = 83.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Uniparts India Ltd](https://www.sectoralpha.in/stocks/uniparts-india-ltd) UNIPARTS · losing its lead · Most evidence points up · 96% evidence 76.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.2/35 · Revenue 27.5% · Profit 85.6% · Operating margin change 5 points · 88% evidence Capital efficiency 19.1/25 · ROCE 21.6% · Operating margin 24% · 100% evidence Valuation 16.9/20 · P/E 17.3× · PEG 0.38 · 100% evidence Relative strength 11.3/20 · Lead over its industry 5.1% · Lead over NIFTY 500 22.5% · 1 year 40.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 29.2 + 19.1 + 16.9 + 11.3 = 76.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Sona BLW Precision Forgings Ltd](https://www.sectoralpha.in/stocks/sona-blw-precision-forgings-ltd) SONACOMS · leader · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 42.1% · Profit 21.8% · Operating margin change -2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 14.2% · Operating margin 23% · 100% evidence Valuation 6.5/20 · P/E 71.7× · PEG 3.52 · 100% evidence Relative strength 19.3/20 · Lead over its industry 29.5% · Lead over NIFTY 500 51.4% · 1 year 88.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 15.8 + 6.5 + 19.3 = 65.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Gala Precision Engineering Ltd](https://www.sectoralpha.in/stocks/gala-precision-engineering-ltd) GALAPREC · turning · Evidence leans up · 89% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 31.8% · Profit 37.2% · Operating margin change 1 points · 88% evidence Capital efficiency 13.5/25 · ROCE 15.6% · Operating margin 16.3% · 100% evidence Valuation 12.5/20 · P/E 35× · PEG 1.14 · 65% evidence Relative strength 11.8/20 · Lead over its industry 3.1% · Lead over NIFTY 500 21.3% · 1 year 35.6% · 100% evidence · 6 of 12 weeks ahead Exact sum: 22.3 + 13.5 + 12.5 + 11.8 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Steelcast Ltd](https://www.sectoralpha.in/stocks/steelcast-ltd) STEELCAS · leader · Evidence leans up · 96% evidence 59.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue 9.2% · Profit 15.2% · Operating margin change 0 points · 88% evidence Capital efficiency 19.3/25 · ROCE 32.3% · Operating margin 26% · 100% evidence Valuation 8.0/20 · P/E 38.8× · PEG 1.7 · 100% evidence Relative strength 17.4/20 · Lead over its industry 12.9% · Lead over NIFTY 500 32.1% · 1 year 53.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 14.8 + 19.3 + 8 + 17.4 = 59.5 · What this means: Relative strength against the index is 32.1%, and revenue and profit growth are weak. 6. [Amic Forging Ltd](https://www.sectoralpha.in/stocks/amic-forging-ltd) leader · Too little evidence to rank firmly · 53% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.7/35 · Revenue n/a · Profit n/a · Operating margin change 5 points · 15% evidence Capital efficiency 17.1/25 · ROCE 25.2% · Operating margin 33% · 71% evidence Valuation 6.8/20 · P/E 77.5× · PEG n/a · 50% evidence Relative strength 17.4/20 · Lead over its industry 8.4% · Lead over NIFTY 500 27.2% · 1 year 34.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 17.7 + 17.1 + 6.8 + 17.4 = 59 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Balu Forge Industries Ltd](https://www.sectoralpha.in/stocks/balu-forge-industries-ltd) BALUFORGE · breaking out · Evidence leans up · 81% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 19.8% · Profit 18.1% · Operating margin change -3 points · 88% evidence Capital efficiency 18.3/25 · ROCE 22.7% · Operating margin 28% · 100% evidence Valuation 15.3/20 · P/E 20× · PEG 1.16 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.2% · 1 year -31.4% · 25% evidence · 11 of 12 weeks ahead Exact sum: 14.5 + 18.3 + 15.3 + 8 = 56.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Happy Forgings Ltd](https://www.sectoralpha.in/stocks/happy-forgings-ltd) HAPPYFORGE · leader · Evidence leans up · 96% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 15.5% · Profit 21.1% · Operating margin change 2 points · 88% evidence Capital efficiency 17.7/25 · ROCE 18% · Operating margin 31% · 100% evidence Valuation 2.8/20 · P/E 50.4× · PEG 3.72 · 100% evidence Relative strength 12.5/20 · Lead over its industry 7.7% · Lead over NIFTY 500 25.2% · 1 year 71.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.8 + 17.7 + 2.8 + 12.5 = 55.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 9. [Uni Abex Alloy Products Ltd](https://www.sectoralpha.in/stocks/uni-abex-alloy-products-ltd) quiet · Evidence leans up · 83% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 17.2% · Profit 100% · Operating margin change -7 points · 83% evidence Capital efficiency 15.6/25 · ROCE 18.8% · Operating margin 10.5% · 95% evidence Valuation 10.0/20 · P/E 18.2× · PEG n/a · 50% evidence Relative strength 8.6/20 · Lead over its industry 0.2% · Lead over NIFTY 500 17.5% · 1 year 30.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 16.3 + 15.6 + 10 + 8.6 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [CIE Automotive India Ltd](https://www.sectoralpha.in/stocks/cie-automotive-india-ltd) CIEINDIA · basing · Evidence leans down · 100% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 12.4% · Profit 15.3% · Operating margin change -1 points · 100% evidence Capital efficiency 13.9/25 · ROCE 14.7% · Operating margin 14% · 100% evidence Valuation 16.7/20 · P/E 14.4× · PEG 1.14 · 100% evidence Relative strength 2.4/20 · Lead over its industry -28.5% · Lead over NIFTY 500 -13.5% · 1 year -18.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.6 + 13.9 + 16.7 + 2.4 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Ramkrishna Forgings Ltd](https://www.sectoralpha.in/stocks/ramkrishna-forgings-ltd) RKFORGE · leader · Evidence leans down · 67% evidence 48.4 out of 100 Growth Capital Valuation Relative
12. Nelcast Ltd this page NELCAST · turning · Evidence leans down · 96% evidence 47.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.9/35 · Revenue 4.2% · Profit -1.8% · Operating margin change -3.9 points · 88% evidence Capital efficiency 11.7/25 · ROCE 11.4% · Operating margin 4.6% · 100% evidence Valuation 15.1/20 · P/E 28.1× · PEG 0.58 · 100% evidence Relative strength 11.0/20 · Lead over its industry -4.8% · Lead over NIFTY 500 13.4% · 1 year 13.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 9.9 + 11.7 + 15.1 + 11 = 47.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 13. [Alicon Castalloy Ltd](https://www.sectoralpha.in/stocks/alicon-castalloy-ltd) ALICON · breaking out · Evidence leans down · 81% evidence 43.6 out of 100 Growth Capital Valuation Relative
14. [M M Forgings Ltd](https://www.sectoralpha.in/stocks/m-m-forgings-ltd) MMFL · losing its lead · Evidence leans down · 96% evidence 41.7 out of 100 Growth Capital Valuation Relative
15. [Tirupati Forge Ltd](https://www.sectoralpha.in/stocks/tirupati-forge-ltd) TIRUPATIFL · turning · Evidence leans down · 96% evidence 40.6 out of 100 Growth Capital Valuation Relative
16. [Bharat Forge Ltd](https://www.sectoralpha.in/stocks/bharat-forge-ltd) BHARATFORG · quiet · Evidence leans down · 71% evidence 37.4 out of 100 Growth Capital Valuation Relative
17. [Sundaram Clayton Ltd](https://www.sectoralpha.in/stocks/sundaram-clayton-ltd) SUNCLAY · quiet · Most evidence points down · 71% evidence 30.1 out of 100 Growth Capital Valuation Relative
18. [Sterling Tools Ltd](https://www.sectoralpha.in/stocks/sterling-tools-ltd) STERTOOLS · quiet · Most evidence points down · 100% evidence 25.4 out of 100 Growth Capital Valuation Relative
19. [Synergy Green Industries Ltd](https://www.sectoralpha.in/stocks/synergy-green-industries-ltd) SGIL · losing its lead · Most evidence points down · 76% evidence 24.4 out of 100 Growth Capital Valuation Relative
20. [Captain Technocast Ltd](https://www.sectoralpha.in/stocks/captain-technocast-ltd) quiet · Too little evidence to rank firmly · 42% evidence 55.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Castings, Forgings & Fastners](https://www.sectoralpha.in/sectors/castings-forgings-fastners), all 20 compared on one page. ## Which companies are close to Nelcast in size? Nelcast is the 15th largest of 20 Castings, Forgings & Fastners companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Sundaram Clayton, Alicon Castalloy and Gala Precision Engineering. Just below it: Tirupati Forge, Synergy Green Industries and Uni Abex Alloy Products. ### Castings, Forgings & Fastners companies close in size

1. [Sundaram Clayton Ltd](https://www.sectoralpha.in/stocks/sundaram-clayton-ltd) ₹2,258 crore
2. [Alicon Castalloy Ltd](https://www.sectoralpha.in/stocks/alicon-castalloy-ltd) ₹1,378 crore
3. [Gala Precision Engineering Ltd](https://www.sectoralpha.in/stocks/gala-precision-engineering-ltd) ₹1,331 crore
4. Nelcast Ltd ₹1,153 crore
5. [Tirupati Forge Ltd](https://www.sectoralpha.in/stocks/tirupati-forge-ltd) ₹896 crore
6. [Synergy Green Industries Ltd](https://www.sectoralpha.in/stocks/synergy-green-industries-ltd) ₹866 crore
7. [Uni Abex Alloy Products Ltd](https://www.sectoralpha.in/stocks/uni-abex-alloy-products-ltd) ₹841 crore

[All 20 Castings, Forgings & Fastners companies, largest first](https://www.sectoralpha.in/sectors/castings-forgings-fastners#all-companies)

### Companies close in size in other industries

1. [PVP Ventures Ltd](https://www.sectoralpha.in/stocks/pvp-ventures-ltd) ₹1,157 crore · Realty - Construction & Contracting
2. [Kopran Ltd](https://www.sectoralpha.in/stocks/kopran-ltd) ₹1,155 crore · Pharma - API
3. Nelcast Ltd ₹1,153 crore
4. [Airfloa Rail Technology Ltd](https://www.sectoralpha.in/stocks/airfloa-rail-technology-ltd) ₹1,152 crore · Railway Equipment
5. [Emkay Tools Ltd](https://www.sectoralpha.in/stocks/emkay-tools-ltd) ₹1,152 crore · Machine Tools - Others

## What else do people ask about Nelcast? ### What is Nelcast's share price today? Nelcast Ltd's share price is ₹164.02, +41.2% over the past year. The whole company is worth ₹1,433 Cr on the market. It is at its highest price of the past 52 weeks (range ₹89 to ₹164), 31.2% above its 200-day average. The price has been falling for 9 weeks (as of 3 November 2026). ### What were Nelcast's latest quarterly results? Nelcast Ltd reported revenue of ₹341 Cr and net profit of ₹5.1 Cr for the Jun 2026 quarter. Revenue rose 2.8% and profit fell 58.9% compared with a year earlier. Earnings per share were ₹0.59. The operating margin was 4.6%, 3.9 percentage points lower than a year earlier (as of 3 November 2026). ### What is Nelcast's market cap? Nelcast Ltd's market capitalisation is ₹1,433 Cr at a share price of ₹164.02. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Nelcast performing? Nelcast Ltd's share price has been falling for 9 weeks. In its latest quarter, revenue rose 2.8% and profit fell 58.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 2 weeks running (as of 3 November 2026). ### Will Nelcast's share price go up? This page does not forecast Nelcast Ltd's share price. What it shows instead: the share price is ₹164.02, and it has been falling for 9 weeks. Its P/E of 34.9× is higher than 81% of its own last 11 years (as of 3 November 2026). ### Who owns Nelcast? Promoters own 74.9% of Nelcast Ltd, foreign institutions 0.0%, domestic institutions 0.1% and the public 25.0% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Nelcast have too much debt? Nelcast Ltd has a moderate amount of debt: its debt is 0.43× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹257 Cr against equity of ₹596 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Nelcast in its business cycle? Nelcast Ltd's FY26 operating margin was 8.0%, against a 13-year range of 6.0% to 11.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 4.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Nelcast story? Biggest thing to watch: the P/E is higher than 81% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Nelcast a stock worth studying right now? What the numbers show: Nelcast Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Nelcast share price forecast for 2026? What management itself guided: FY27 volumes above 1 lakh tons; next-year volumes approximately 15% higher. This is research, not advice. We’re not SEBI-registered.