NELCO Ltd
NELCONELCO Ltd's price has outrun its earnings. +11.2% in a year against EPS −65.3% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +11.2% in a year while annual EPS moved −65.3% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (11 weeks in) while the P/E sits at the 99th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +30.0% year on year, and 216% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
NELCO Ltd trades at ₹947, in a confirmed uptrend and 11 weeks into that stage. That is +14.9% against its own 200-day average. It sits at 84% of a 52-week range of ₹538 to ₹1,025. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.
Today the stock is in a confirmed uptrend — week 11 of stage 2, confirmed. At ₹947 it trades +14.9% versus its 200-day average and sits at 84% of its 52-week range (₹538–₹1,025).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +1,032% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
NELCO Ltd trades at 362.0× P/E, about the priciest it has ever traded. Its long-run median P/E is 68.8×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 362.0× is about the priciest it has ever traded, against a long-run median of 68.8× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −65.3% against a +11.2% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +11.6%/yr price move, ~−16.7%/yr came from earnings growth and ~+28.3 pp from the multiple (expanding); over 10y, of the +26.5%/yr price move, ~+0.5%/yr came from earnings growth and ~+26.0 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
NELCO Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −79.5% at the trough to −43.0%, a 2-quarter improving streak, ROCE slipping at 7.0%. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +0.7% | −0.6% | +6.3% | +4.4% |
| Profit | −70.0% | −46.9% | −24.2% | +4.1% |
| EPS | −65.3% | −45.0% | −23.2% | +4.1% |
| Share price | +11.2% | +4.3% | +11.6% | +26.5% |
4-Factor Sector Score
34.2/100 — rank 16 of 18 in Telecom Services · 74% evidence confidence
NELCO Ltd scores 34.2 out of 100 against the 18 companies it is compared with in Telecom Services, ranking 16. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 9.3 + 7.8 + 8.5 + 8.6 = 34.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
NELCO Ltd reported ₹80.0 Cr of revenue in the Jun 26 quarter, +7.0% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 4.4% a year. The last full year, FY26, came in at ₹307 Cr. The last four reported quarters add to ₹312 Cr.
FY26 revenue came in at ₹307 Cr (+0.7% on the year), capping 10 years at 4.4% compound. The latest quarter (Jun 26) printed ₹80.0 Cr, +7.0% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +2.8% growth against the decade's 4.4% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +2.0% over the last 4 quarters against −0.6%/yr over the last 8 — stabilising; TTM profit −43.0% vs −58.6%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
NELCO Ltd's operating margin is 10.4% in the Jun 26 quarter, +0.1 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −0.9% to 23.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 10.4%, +0.1 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −0.9%–23.0%.
Why the margin moved: operating margin went +0.1 pp year on year while gross margin went +4.9 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
NELCO Ltd earned ₹2.3 Cr of net profit in the Jun 26 quarter, +30.0% year on year. Full-year FY26 profit was ₹3.0 Cr. The 10-year compound rate is 4.1%. That is 2.9% of the quarter's revenue. The same quarter a year earlier earned ₹1.8 Cr. 2 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹2.3 Cr, +30.0% year on year. On the full year, FY26 printed ₹3.0 Cr (−70.0%), and the 10-year compound rate is 4.1%.
Why profit moved: revenue contributed +7.0% and the margin +0.1 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit −51.5% vs revenue +2.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 216% of NELCO Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹15.0 Cr of operating cash against ₹3.0 Cr of profit. After ₹51.0 Cr of capital spending, ₹−36.0 Cr was left as free cash.
FY26: operating cash of ₹15.0 Cr against reported profit of ₹3.0 Cr, leaving free cash of ₹−36.0 Cr after ₹51.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 216% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 216%: the cash cycle stretched 277 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
NELCO Ltd's cash conversion cycle runs 72 days in FY26, up from −205 days in FY21. Capital spending ran ₹86.0 Cr over the last 3 years. At FY26 sales of ₹307 Cr each day of that cycle holds about ₹0.8 Cr, so roughly ₹61.0 Cr sits inside the business at any moment.
FY26: debtors at 123 days, inventory at 360 days — roughly 11.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 72 days, looser than FY21's −205.
The full loop: cash goes out to suppliers and production on day 0; stock waits 360 days to sell; customers pay about 123 days after that; and suppliers themselves are paid at 411 days — netting out to the 72-day cycle.
In money terms: at FY26 sales of ₹307 Cr, each day of the cycle holds about ₹0.8 Cr — so the 72-day loop keeps roughly ₹61.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹86.0 Cr over the last 3 fiscal years against ₹64.0 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹41.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
NELCO Ltd earns a ROCE of 7% in FY26. That is up from a trough of −6% in Sep 13. Return on invested capital clears the cost of that capital by −8.4 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 1.0% net margin on 0.88× asset turns.
FY26 ROCE is 7%, recovered from a Sep 13 trough of −6% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 1.0% net margin × 0.88× asset turns × 2.69× balance-sheet leverage ≈ 2.4% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 3.6% − 12.0% = a −8.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
NELCO Ltd carries total debt of ₹73.0 Cr against shareholder equity of ₹129 Cr as of Jun 26, a debt-to-equity of 0.57. On the annual view that ratio went from 0.91 in FY22 to 0.57 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Jun 26: total debt of ₹73.0 Cr against shareholder equity of ₹129 Cr — a debt-to-equity of 0.57. On the annual view, debt-to-equity went from 0.91 (FY22) to 0.57 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of NELCO Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 50.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.8 points over 8 quarters to 5.6%; Promoters: +0.0 points over 8 quarters to 50.1%; Domestic institutions: +0.0 points over 8 quarters to 0.1%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
NELCO Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Valiant Communications Ltd526775 | 77.5/100Favorable setup75% evidence | TURNING | 31.6/35 Revenue 66.9% · PAT 100% · OPM change 8.3 pp 95% evidence | 19.7/25 ROCE 39.7% · OPM 42.7% 76% evidence | 9.6/20 P/E 56.8× · PEG — 15% evidence | 16.6/20 RS sector 31.4% · RS bench 39.5% · 1Y 116.1%4 of 12 weeks ahead 100% evidence |
| Exact sum: 31.6 + 19.7 + 9.6 + 16.6 = 77.5 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Bharti Airtel LtdBHARTIARTL | 66.9/100Favorable setup93% evidence | TURNING | 21.5/35 Revenue 19.6% · PAT -9.4% · OPM change 1 pp 100% evidence | 21.1/25 ROCE 17.6% · OPM 57% 100% evidence | 14.4/20 P/E 36.6× · PEG 0.65 65% evidence | 9.9/20 RS sector -10.7% · RS bench -4.6% · 1Y -3.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 21.5 + 21.1 + 14.4 + 9.9 = 66.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Bharti Hexacom LtdBHARTIHEXA | 66.3/100Favorable setup87% evidence | TURNING | 24.4/35 Revenue 7.9% · PAT 32.8% · OPM change 2 pp 100% evidence | 18.5/25 ROCE 21.4% · OPM 53% 100% evidence | 11.8/20 P/E 41.8× · PEG 1.18 65% evidence | 11.6/20 RS sector 3.1% · RS bench -3.7% · 1Y -11.5%1 of 10 weeks ahead 70% evidence |
| Exact sum: 24.4 + 18.5 + 11.8 + 11.6 = 66.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 4HFCL LtdHFCL | 63.5/100Mixed-positive evidence74% evidence | LEADER | 25.6/35 Revenue 58.6% · PAT 100% · OPM change 18.7 pp 71% evidence | 12.2/25 ROCE 10.8% · OPM 22% 76% evidence | 6.4/20 P/E 62.5× · PEG — 50% evidence | 19.3/20 RS sector 90.3% · RS bench 96.6% · 1Y 234.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 25.6 + 12.2 + 6.4 + 19.3 = 63.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Suyog Telematics LtdSUYOG | 55.4/100Mixed-positive evidence80% evidence | ASLEEP | 20.6/35 Revenue 17.3% · PAT 50% · OPM change -3 pp 95% evidence | 17.5/25 ROCE 14.6% · OPM 59% 95% evidence | 10.9/20 P/E 12.6× · PEG — 15% evidence | 6.4/20 RS sector -15.1% · RS bench -10% · 1Y -17%5 of 12 weeks ahead 100% evidence |
| Exact sum: 20.6 + 17.5 + 10.9 + 6.4 = 55.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6ADC India Communications LtdKRONECOMM | 54.8/100Mixed-positive evidence82% evidence | ASLEEP | 17.0/35 Revenue 19% · PAT 0.3% · OPM change 4 pp 95% evidence | 17.9/25 ROCE 31.4% · OPM 17.1% 76% evidence | 7.0/20 P/E 47× · PEG — 50% evidence | 12.9/20 RS sector 26.2% · RS bench 32.4% · 1Y 48.9%6 of 12 weeks ahead 100% evidence |
| Exact sum: 17 + 17.9 + 7 + 12.9 = 54.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Indus Towers LtdINDUSTOWER | 53.8/100Mixed-positive evidence100% evidence | ASLEEP | 10.0/35 Revenue 6.7% · PAT -26.6% · OPM change -1 pp 100% evidence | 20.2/25 ROCE 19.5% · OPM 53% 100% evidence | 16.6/20 P/E 14.3× · PEG 0.46 100% evidence | 7.0/20 RS sector -10.1% · RS bench -3.8% · 1Y 15%0 of 12 weeks ahead 100% evidence |
| Exact sum: 10 + 20.2 + 16.6 + 7 = 53.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 8Sar Televenture LtdSARTELE | 49.3/100Mixed-negative evidence70% evidence | BASING | 21.2/35 Revenue 100% · PAT 100% · OPM change 1 pp 48% evidence | 12.1/25 ROCE 8.8% · OPM 17% 95% evidence | 14.6/20 P/E 5.6× · PEG — 50% evidence | 1.4/20 RS sector -55.8% · RS bench -52.2% · 1Y -56%0 of 12 weeks ahead 100% evidence |
| Exact sum: 21.2 + 12.1 + 14.6 + 1.4 = 49.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Vodafone Idea LtdIDEA | 49.1/100Mixed-negative evidence74% evidence | FADING | 19.3/35 Revenue 3.3% · PAT 100% · OPM change 1 pp 74% evidence | 5.8/25 ROCE -1.7% · OPM 43% 100% evidence | 11.3/20 P/E 4.1× · PEG — 15% evidence | 12.7/20 RS sector 25% · RS bench 32.1% · 1Y 107.1%8 of 12 weeks ahead 100% evidence |
| Exact sum: 19.3 + 5.8 + 11.3 + 12.7 = 49.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Tata Teleservices (Maharashtra) LtdTTML | 46.1/100Mixed-negative evidence74% evidence | ASLEEP | 16.8/35 Revenue -7.2% · PAT 100% · OPM change 3 pp 74% evidence | 18.5/25 ROCE 55.6% · OPM 55% 100% evidence | 8.7/20 P/E 183.4× · PEG — 15% evidence | 2.1/20 RS sector -25.1% · RS bench -20% · 1Y -38.1%2 of 12 weeks ahead 100% evidence |
| Exact sum: 16.8 + 18.5 + 8.7 + 2.1 = 46.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Tata Communications LtdTATACOMM | 44.5/100Mixed-negative evidence93% evidence | ASLEEP | 13.8/35 Revenue 8.3% · PAT -44.8% · OPM change 0 pp 100% evidence | 14.4/25 ROCE 14.6% · OPM 19% 100% evidence | 7.4/20 P/E 48.3× · PEG 2.22 65% evidence | 8.9/20 RS sector -2.9% · RS bench 3.2% · 1Y 13.7%7 of 12 weeks ahead 100% evidence |
| Exact sum: 13.8 + 14.4 + 7.4 + 8.9 = 44.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Tejas Networks LtdTEJASNET | 40.1/100Mixed-negative evidence71% evidence | ASLEEP | 12.1/35 Revenue -80% · PAT -80% · OPM change 42 pp 74% evidence | 2.4/25 ROCE -14.6% · OPM -25% 100% evidence | 10.0/20 P/E — · PEG — 0% evidence | 15.6/20 RS sector 8.1% · RS bench 14.2% · 1Y -6.1%9 of 12 weeks ahead 100% evidence |
| Exact sum: 12.1 + 2.4 + 10 + 15.6 = 40.1 · Decision use: Price leads the evidence: RS versus the benchmark is 14.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 13Optiemus Infracom LtdOPTIEMUS | 37.1/100Mixed-negative evidence87% evidence | BREAKING OUT | 16.2/35 Revenue 20.9% · PAT 9.1% · OPM change -2.6 pp 100% evidence | 9.1/25 ROCE 10.9% · OPM 3.4% 100% evidence | 4.1/20 P/E 70.3× · PEG 9.11 65% evidence | 7.7/20 RS sector -30.5% · RS bench 16.5% · 1Y -9.7%10 of 10 weeks ahead 70% evidence |
| Exact sum: 16.2 + 9.1 + 4.1 + 7.7 = 37.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14GTL Infrastructure LtdGTLINFRA | 36.0/100Mixed-negative evidence66% evidence | ASLEEP | 13.2/35 Revenue 1.3% · PAT 100% · OPM change 20 pp 71% evidence | 5.4/25 ROCE -48.2% · OPM 44% 95% evidence | 11.5/20 P/E 1.5× · PEG — 15% evidence | 5.9/20 RS sector -16.3% · RS bench -7.9% · 1Y -24.2%1 of 10 weeks ahead 70% evidence |
| Exact sum: 13.2 + 5.4 + 11.5 + 5.9 = 36 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15ITI LtdITI | 35.0/100Mixed-negative evidence74% evidence | ASLEEP | 17.7/35 Revenue -41.3% · PAT 100% · OPM change 1.9 pp 74% evidence | 3.3/25 ROCE 1.4% · OPM 0.4% 100% evidence | 8.9/20 P/E 75.8× · PEG — 15% evidence | 5.1/20 RS sector -15.1% · RS bench -9.4% · 1Y -14.7%2 of 12 weeks ahead 100% evidence |
| Exact sum: 17.7 + 3.3 + 8.9 + 5.1 = 35 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16NELCO Ltdthis pageNELCO | 34.2/100Adverse evidence74% evidence | BREAKING OUT | 9.3/35 Revenue 2% · PAT -43% · OPM change 0.1 pp 95% evidence | 7.8/25 ROCE 7.2% · OPM 10.4% 95% evidence | 8.5/20 P/E 362× · PEG — 15% evidence | 8.6/20 RS sector -21.7% · RS bench 23.7% · 1Y 17.6%10 of 10 weeks ahead 70% evidence |
| Exact sum: 9.3 + 7.8 + 8.5 + 8.6 = 34.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17Mahanagar Telephone Nigam LtdMTNL | 30.0/100Adverse evidence63% evidence | ASLEEP | 13.7/35 Revenue 1.4% · PAT 14% · OPM change 31 pp 71% evidence | 2.8/25 ROCE -9.3% · OPM -15% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 3.5/20 RS sector -32.3% · RS bench -22.7% · 1Y -45.1%1 of 10 weeks ahead 70% evidence |
| Exact sum: 13.7 + 2.8 + 10 + 3.5 = 30 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18OnMobile Global LtdONMOBILE | 25.9/100Adverse evidence71% evidence | ASLEEP | 4.0/35 Revenue -10.3% · PAT -80% · OPM change -3.9 pp 95% evidence | 4.8/25 ROCE -0.1% · OPM 1.1% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 7.1/20 RS sector -4.7% · RS bench -16.6% · 1Y -11.4%7 of 10 weeks ahead 70% evidence |
| Exact sum: 4 + 4.8 + 10 + 7.1 = 25.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is NELCO Ltd's share price today?
NELCO Ltd trades at ₹947, +11.2% over the past year. The company is valued at ₹2,162 Cr. The stock sits at 84% of its 52-week range of ₹538–₹1,025, +14.9% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 11 weeks in. — as of 11 September 2026.
What were NELCO Ltd's latest quarterly results?
NELCO Ltd reported revenue of ₹80.0 Cr and net profit of ₹2.3 Cr for the Jun 26 quarter. Revenue rose 7.0% and profit rose 30.0% year on year. Earnings per share were ₹1.03. The operating margin was 10.4%, 0.1 pp higher than a year earlier. — as of 11 September 2026.
What is NELCO Ltd's revenue?
NELCO Ltd reported revenue of ₹80.0 Cr in the Jun 26 quarter, +7.0% year on year. For the full FY26 fiscal year, revenue was ₹307 Cr (+0.7%). Over the last 10 years revenue compounded at 4.4% a year. — as of 11 September 2026.
What is NELCO Ltd's profit?
NELCO Ltd earned ₹2.3 Cr of net profit in the Jun 26 quarter, +30.0% year on year. Full-year FY26 profit was ₹3.0 Cr. The operating margin ran 10.4% in the latest quarter. — as of 11 September 2026.
What is NELCO Ltd's market cap?
NELCO Ltd's market capitalisation is ₹2,162 Cr at a share price of ₹947. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is NELCO Ltd's P/E ratio?
NELCO Ltd trades at a P/E of 362.0×, at the 99th percentile of its own 10-year range, against a long-run median of 68.8×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does NELCO Ltd pay a dividend?
Yes — NELCO Ltd's dividend payout was 69% of profit in FY26, and it recorded a payout in 8 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is NELCO Ltd overvalued?
On its own history, NELCO Ltd looks expensive: its P/E of 362.0× sits at the 99th percentile of its 10-year range (long-run median 68.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is NELCO Ltd growing?
Yes — NELCO Ltd is growing: latest-quarter revenue +7.0% year on year, profit +30.0%, and the margin +0.1 pp at 10.4%. The 10-year compound rates are 4.4% (revenue) and 4.1% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is NELCO Ltd performing?
NELCO Ltd is in a confirmed uptrend, 11 weeks in. Its latest quarter's revenue rose 7.0% and profit rose 30.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is NELCO Ltd in?
Turning around — profit growth swung from −79.5% at the trough to −43.0%, a 2-quarter improving streak, ROCE slipping at 7.0%. The read comes from the last 12 quarters of growth (revenue growth +2.0% latest, profit growth −43.0% latest, eps growth −42.8% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is NELCO Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 11 of stage 2), trading +14.9% versus its 200-day average and at 84% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is NELCO Ltd beating the market?
On recent form, yes — NELCO Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +1,032% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.
Will NELCO Ltd's share price go up?
This page publishes no price forecast for NELCO Ltd. What it measures instead: the share price is ₹947, the price is in a confirmed uptrend 11 weeks in. Its P/E of 362.0× sits at the 99th percentile of its own 10-year range. — as of 11 September 2026.
Who owns NELCO Ltd?
Promoters hold 50.1% of NELCO Ltd, foreign institutions 5.6%, domestic institutions 0.1% and the public 44.0% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.
Does NELCO Ltd have too much debt?
It is moderate — NELCO Ltd's debt-to-equity is 0.57, and operating profit covers the interest bill 6×. FY26 borrowings were ₹73.0 Cr against equity of ₹129 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is NELCO Ltd's capex?
NELCO Ltd spent ₹86.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹51.0 Cr, with ₹41.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is NELCO Ltd's cash flow?
NELCO Ltd generated ₹15.0 Cr of operating cash flow in FY26 and ₹−36.0 Cr of free cash flow after ₹51.0 Cr of capital spending. Reported profit that year was ₹3.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is NELCO Ltd's profit real cash?
Yes — over the last 3 fiscal years, 216% of NELCO Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹15.0 Cr against reported profit of ₹3.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is NELCO Ltd in its business cycle?
NELCO Ltd's FY26 operating margin was 9.0%, against a 13-year band of −0.9%–23.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 10.4%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What could break the NELCO Ltd story?
The sharpest disagreement: the price moved +11.2% in a year while annual EPS moved −65.3% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is NELCO Ltd a stock worth studying right now?
This is not investment advice. The machine read: NELCO Ltd's price has outrun its earnings. +11.2% in a year against EPS −65.3% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!