# NELCO share price today (NELCO Ltd, NSE: NELCO)

> NELCO share price today: ₹686.50 at the NSE close on 3 November 2026, down 21.3% in a year. NELCO (NSE: NELCO) is worth ₹1,567 crore, trades at a P/E of 257.9 and has closed between ₹537.60 and ₹1,024.60 over the past 52 weeks. > NELCO Ltd's share price has risen faster than its earnings: −21.3% in a year, against −65.3% for earnings per share. NELCO · Telecom Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/nelco-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹686.50 (−21.3% in a year)
- P/E: 257.9× (higher than 97% of the last 11 years)
- Revenue (Sep 2026): ₹78.1 Cr (+5.1% on a year ago)
- Profit (Sep 2026): ₹1.7 Cr (+6.8% on a year ago)
- Operating margin: 11.6% (+1.5 points on a year ago)
- ROCE: 7%, FY26
- ROIC: 2.6%, against a 12.0% cost of capital: −9.4 points

The main question: the share price moved −21.3% in a year while yearly earnings per share moved −65.3%. The difference came from the market paying a higher multiple. ## What is the NELCO share price today? NELCO Ltd's share price was ₹686.50 at the close on 3 November 2026. It has been rising for 18 weeks. That is 17.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹538 and ₹1,025, and at that close it sat 31% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running. Over the last 11 years the share price moved +721% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. 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 are NELCO's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), NELCO reported revenue of ₹78.1 crore, up 5.1% from ₹74.3 crore a year earlier, and a profit of ₹1.73 crore, up 6.8% from ₹1.62 crore. ### NELCO results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹78.1 crore | ₹74.3 crore | +5.1% |
| Profit | ₹1.73 crore | ₹1.62 crore | +6.8% |
| Earnings per share | ₹0.76 | ₹0.71 | +7.0% |
| Operating margin | 11.6% | 10.1% | +1.5 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the NELCO share price history? NELCO closed at ₹686.50 on 3 November 2026, down 21.3% from ₹872.10 a year earlier (31 October 2025) and down 5.3% over five years. Its highest weekly close since March 2016 was ₹1,436.55 on 13 December 2024. ### NELCO share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹692.10 | −0.8% |
| 1 month ago · 1 Oct 2026 | ₹889.00 | −22.8% |
| 6 months ago · 30 Apr 2026 | ₹703.75 | −2.5% |
| 1 year ago · 31 Oct 2025 | ₹872.10 | −21.3% |
| 3 years ago · 3 Nov 2023 | ₹707.60 | −3.0% |
| 5 years ago · 4 Nov 2021 | ₹725.20 | −5.3% |
| 10 years ago · 4 Nov 2016 | ₹82.05 | +736.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹83.65 | +720.7% |
| Highest weekly close since March 2016 · 13 Dec 2024 | ₹1,436.55 | −52.2% |
| Lowest weekly close since March 2016 · 18 Nov 2016 | ₹71.95 | +854.1% |
| 52-week high (weekly close) · 14 Aug 2026 | ₹1,024.60 | −33.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹537.60 | +27.7% |

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. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on NELCO? 3 Nov 2026: NELCO closed at ₹686.50, down 0.8% on the week and down 22.8% on the month. Results for July to September 2026: Revenue up 5.1% and profit up 6.8% on a year earlier. ### Earlier

- 9 Jun 2026: ex-date for a dividend of ₹1 a share. ## What dividend does NELCO pay? NELCO paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.15% at the ₹686.50 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 9 June 2026. ### NELCO dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 9 Jun 2026 | ₹1 | Dividend |
| 9 Jun 2025 | ₹1 | Dividend |
| 10 Jun 2024 | ₹2.20 | Dividend |
| 6 Jun 2023 | ₹2 | Dividend |
| 21 Jun 2022 | ₹1.80 | Dividend |
| 7 Jun 2021 | ₹1.20 | 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. NELCO Ltd paid out 69% of its profit as dividends in FY26, and it paid a dividend in 8 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is NELCO on? NELCO is not on any of our India lists this week. ## Is NELCO profitable? NELCO Ltd earned ₹1.7 Cr of net profit in the Sep 2026 quarter, +6.8% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹3.0 Cr. Over 10 years profit has grown 4.1% a year on average. That is 2.2% of the quarter's revenue. The same quarter a year earlier earned ₹1.6 Cr. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹3.0 Cr (−70.0% on the year before). Why profit moved: revenue changed +5.1% on a year earlier and the margin moved +1.5 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −29.1% and revenue +6.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does NELCO make, and is it growing? NELCO Ltd reported ₹78.1 Cr of revenue in the Sep 2026 quarter, +5.1% 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 4.4% a year on average. The last full year, FY26, came in at ₹307 Cr. The last four reported quarters add to ₹316 Cr. FY26 revenue was ₹307 Cr, +0.7% on the year before. Recent pace: the last four quarters grew +6.6% on average, against 4.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +6.2%, against −0.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −7.5%, against −56.4% a year (accelerating). ## How much of every ₹100 of sales does NELCO keep? NELCO Ltd's operating margin was 11.6% in the Sep 2026 quarter, 1.5 percentage points higher than the same quarter a year ago. Across 13 years it has been between −0.9% and 23.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +1.5 percentage points on the year while gross margin changed +5.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is NELCO's profit turning into cash? Over the last 3 years, 216% of NELCO Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹15.0 Cr of operating cash against ₹3.0 Cr of profit. After ₹51.0 Cr of spending on assets, free cash was −₹36.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 216% of profit came in as cash: the cash cycle got 277 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. 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 NELCO's cash go? NELCO Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 72 days in FY26, up from −205 days in FY21. It spent ₹86.0 Cr on assets over the last 3 years. Customers take 123 days to pay, and stock sits for 360 days on average. At FY26 sales of ₹307 Cr, each day of that cycle ties up about ₹0.8 Cr, so roughly ₹61.0 Cr is tied up in the business at any time. FY26: customers took 123 days to pay and stock sat for 360 days, about 11.8 months of sales sitting as stock, for a full cycle of 72 days, longer than FY21's −205. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 360 days. Customers pay about 123 days after that. Suppliers are paid at 411 days. Together that makes the 72-day cycle. Spending on assets: ₹86.0 Cr over the last 3 years, against ₹64.0 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 ₹41.0 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 NELCO's P/E ratio, and how does it compare with its own history? NELCO Ltd's P/E is 257.9×, near the high end of its own history: higher than 97% of past readings. Its usual P/E (the middle reading) is 69.3×, 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. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹1.75. Why the multiple is where it is: over the past year earnings per share moved −65.3% while the price moved −21.3%. 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 −1.1% a year; about −17.7% a year came from earnings growth and about +16.6 percentage points from the multiple (the market paying more); over 10 years the price moved +23.7% a year; about −1.1% a year came from earnings growth and about +24.8 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 NELCO business getting better or worse? NELCO Ltd's business is turning around. Profit growth has swung from −79.5% at its low to −7.5%, improving for 3 quarters in a row, with ROCE steady at 5.2%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does NELCO earn on its capital? NELCO Ltd earned a ROCE of 7% in FY26. That is up from a low of −6% in Sep 2013. Its return on capital used (ROIC) is 9.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.0% net margin and 0.88× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.0% net margin × 0.88× asset turnover × 2.69× leverage (assets divided by equity) ≈ 2.4% 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: 2.6% − 12.0% = −9.4 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. The 2.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 3.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does NELCO have too much debt? NELCO Ltd has total debt of ₹246 Cr against shareholder equity of ₹131 Cr as of Sep 2026, so its debt is 1.88× its equity. Year by year, that ratio went from 0.91 in FY22 to 0.57 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the NELCO shareholding pattern? No group of NELCO 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 50.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.2 points over 8 quarters, to 4.8%; Promoters: +0.0 points over 8 quarters, to 50.1%; Domestic institutions: +0.0 points over 8 quarters, to 0.1%. ## How far is NELCO from balance-sheet trouble? For NELCO 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 NELCO rank in its industry? 39.8 out of 100, rank 10 of 16 in Telecom Services, with 68% of the evidence available. NELCO Ltd scores 39.8 out of 100 against the 16 companies it is compared with in Telecom Services, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 13.5 + 8.7 + 8.5 + 9.1 = 39.8. 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 NELCO compared with? NELCO ranks 10 of 16 Telecom Services companies on the 4-Factor Sector Score, with 39.8 out of 100. 1. [Bharti Airtel Ltd](https://www.sectoralpha.in/stocks/bharti-airtel-ltd) BHARTIARTL · turning · Most evidence points up · 89% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 19.6% · Profit -9.4% · Operating margin change 1 points · 88% evidence Capital efficiency 21.4/25 · ROCE 17.6% · Operating margin 57% · 100% evidence Valuation 15.1/20 · P/E 39.4× · PEG 0.69 · 65% evidence Relative strength 18.0/20 · Lead over its industry 8.8% · Lead over NIFTY 500 7.5% · 1 year -3.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.6 + 21.4 + 15.1 + 18 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Bharti Hexacom Ltd](https://www.sectoralpha.in/stocks/bharti-hexacom-ltd) BHARTIHEXA · breaking out · Most evidence points up · 74% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 7.9% · Profit 32.8% · Operating margin change 2 points · 88% evidence Capital efficiency 21.2/25 · ROCE 21.4% · Operating margin 53% · 100% evidence Valuation 12.1/20 · P/E 44.3× · PEG 1.18 · 65% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 7.5% · 1 year -12.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 24.3 + 21.2 + 12.1 + 12 = 69.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) HFCL · leader · Most evidence points up · 75% evidence 69.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/35 · Revenue 100% · Profit 100% · Operating margin change 7 points · 95% evidence Capital efficiency 12.8/25 · ROCE 10.8% · Operating margin 25% · 76% evidence Valuation 9.8/20 · P/E 40.8× · PEG n/a · 15% evidence Relative strength 16.9/20 · Lead over its industry 78% · Lead over NIFTY 500 70.2% · 1 year 214.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30 + 12.8 + 9.8 + 16.9 = 69.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [ADC India Communications Ltd](https://www.sectoralpha.in/stocks/adc-india-communications-ltd) KRONECOMM · breaking out · Evidence leans up · 78% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 19% · Profit 0.3% · Operating margin change 4 points · 83% evidence Capital efficiency 18.1/25 · ROCE 31.4% · Operating margin 17.1% · 76% evidence Valuation 6.4/20 · P/E 44.7× · PEG n/a · 50% evidence Relative strength 17.4/20 · Lead over its industry 28.7% · Lead over NIFTY 500 24.8% · 1 year 41.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 16.9 + 18.1 + 6.4 + 17.4 = 58.8 · What this means: Relative strength against the index is 24.8%, and revenue and profit growth are weak. 5. [Indus Towers Ltd](https://www.sectoralpha.in/stocks/indus-towers-ltd) INDUSTOWER · turning · Evidence leans up · 100% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue 5.3% · Profit -24% · Operating margin change -2 points · 100% evidence Capital efficiency 20.1/25 · ROCE 19.5% · Operating margin 54% · 100% evidence Valuation 16.8/20 · P/E 14× · PEG 0.46 · 100% evidence Relative strength 10.6/20 · Lead over its industry -2.5% · Lead over NIFTY 500 -3.5% · 1 year 4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.6 + 20.1 + 16.8 + 10.6 = 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. 6. [Tata Communications Ltd](https://www.sectoralpha.in/stocks/tata-communications-ltd) TATACOMM · turning · Evidence leans up · 93% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 9.1% · Profit -34% · Operating margin change 2 points · 100% evidence Capital efficiency 17.0/25 · ROCE 14.6% · Operating margin 21% · 100% evidence Valuation 7.9/20 · P/E 39.4× · PEG 2.22 · 65% evidence Relative strength 15.1/20 · Lead over its industry 4.3% · Lead over NIFTY 500 2.4% · 1 year -10.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.9 + 17 + 7.9 + 15.1 = 55.9 · What this means: Relative strength against the index is 2.4%, and revenue and profit growth are weak. 7. [Tata Teleservices (Maharashtra) Ltd](https://www.sectoralpha.in/stocks/tata-teleservices-maharashtraltd) TTML · basing · Evidence leans up · 74% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue -0.7% · Profit 100% · Operating margin change 4 points · 74% evidence Capital efficiency 17.9/25 · ROCE 55.6% · Operating margin 53% · 100% evidence Valuation 8.7/20 · P/E 178.6× · PEG n/a · 15% evidence Relative strength 6.9/20 · Lead over its industry -13.6% · Lead over NIFTY 500 -14.6% · 1 year -37.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17 + 17.9 + 8.7 + 6.9 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Suyog Telematics Ltd](https://www.sectoralpha.in/stocks/suyog-telematics-ltd) SUYOG · quiet · Evidence leans down · 78% evidence 48.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/35 · Revenue 11.4% · Profit 50% · Operating margin change -1 points · 83% evidence Capital efficiency 16.2/25 · ROCE 14.4% · Operating margin 60% · 76% evidence Valuation 12.6/20 · P/E 8.7× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -33.1% · Lead over NIFTY 500 -34.4% · 1 year -42.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20 + 16.2 + 12.6 + 0 = 48.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Vodafone Idea Ltd](https://www.sectoralpha.in/stocks/vodafone-idea-ltd) IDEA · quiet · Evidence leans down · 71% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 3.3% · Profit 100% · Operating margin change 1 points · 65% evidence Capital efficiency 6.1/25 · ROCE -1.7% · Operating margin 43% · 100% evidence Valuation 11.3/20 · P/E 3.5× · PEG n/a · 15% evidence Relative strength 11.3/20 · Lead over its industry 5.8% · Lead over NIFTY 500 3.3% · 1 year 35.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.5 + 6.1 + 11.3 + 11.3 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. NELCO Ltd this page NELCO · quiet · Evidence leans down · 68% evidence 39.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.5/35 · Revenue 6.2% · Profit -7.5% · Operating margin change 1.5 points · 100% evidence Capital efficiency 8.7/25 · ROCE 7.2% · Operating margin 11.6% · 100% evidence Valuation 8.5/20 · P/E 254× · PEG n/a · 15% evidence Relative strength 9.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -8% · 1 year -22.5% · 25% evidence · 7 of 12 weeks ahead Exact sum: 13.5 + 8.7 + 8.5 + 9.1 = 39.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [GTL Infrastructure Ltd](https://www.sectoralpha.in/stocks/gtl-infrastructure-ltd) GTLINFRA · basing · Too little evidence to rank firmly · 56% evidence 39.3 out of 100 Growth Capital Valuation Relative
12. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ITI · quiet · Most evidence points down · 71% evidence 34.2 out of 100 Growth Capital Valuation Relative
13. [Tejas Networks Ltd](https://www.sectoralpha.in/stocks/tejas-networks-ltd) TEJASNET · basing · Most evidence points down · 71% evidence 28.6 out of 100 Growth Capital Valuation Relative
14. [OnMobile Global Ltd](https://www.sectoralpha.in/stocks/onmobile-global-ltd) ONMOBILE · basing · Most evidence points down · 65% evidence 25.3 out of 100 Growth Capital Valuation Relative
15. [Sar Televenture Ltd](https://www.sectoralpha.in/stocks/sar-televenture-ltd) SARTELE · Too little evidence to rank firmly · 39% evidence 58.7 out of 100 Growth Capital Valuation Relative
16. [Mahanagar Telephone Nigam Ltd](https://www.sectoralpha.in/stocks/mahanagar-telephone-nigam-ltd) MTNL · basing · Too little evidence to rank firmly · 46% evidence 37.9 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: [Telecom Services](https://www.sectoralpha.in/sectors/telecom-services), all 16 compared on one page. ## Which companies are close to NELCO in size? NELCO is the 10th largest of 16 Telecom Services companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: ITI, Tejas Networks and Tata Teleservices (Maharashtra). Just below it: Mahanagar Telephone Nigam, GTL Infrastructure and ADC India Communications. ### Telecom Services companies close in size

1. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ₹20,799 crore
2. [Tejas Networks Ltd](https://www.sectoralpha.in/stocks/tejas-networks-ltd) ₹7,178 crore
3. [Tata Teleservices (Maharashtra) Ltd](https://www.sectoralpha.in/stocks/tata-teleservices-maharashtraltd) ₹6,709 crore
4. NELCO Ltd ₹1,543 crore
5. [Mahanagar Telephone Nigam Ltd](https://www.sectoralpha.in/stocks/mahanagar-telephone-nigam-ltd) ₹1,400 crore
6. [GTL Infrastructure Ltd](https://www.sectoralpha.in/stocks/gtl-infrastructure-ltd) ₹1,268 crore
7. [ADC India Communications Ltd](https://www.sectoralpha.in/stocks/adc-india-communications-ltd) ₹1,118 crore

[All 16 Telecom Services companies, largest first](https://www.sectoralpha.in/sectors/telecom-services#all-companies)

### Companies close in size in other industries

1. [Menon Bearings Ltd](https://www.sectoralpha.in/stocks/menon-bearings-ltd) ₹1,548 crore · Bearings
2. [Tarsons Products Ltd](https://www.sectoralpha.in/stocks/tarsons-products-ltd) ₹1,548 crore · Medical Equipment
3. NELCO Ltd ₹1,543 crore
4. [Dynamic Cables Ltd](https://www.sectoralpha.in/stocks/dynamic-cables-ltd) ₹1,542 crore · Cables - Power
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## What else do people ask about NELCO? ### What is NELCO's share price today? NELCO Ltd's share price is ₹686.50, −21.3% over the past year. The whole company is worth ₹1,567 Cr on the market. In the last 52 weeks it traded between ₹538 to ₹1,025; today it is 31% of the way up from the low, 17.5% below its 200-day average (as of 3 November 2026). ### What were NELCO's latest quarterly results? NELCO Ltd reported revenue of ₹78.1 Cr and net profit of ₹1.7 Cr for the Sep 2026 quarter. Revenue rose 5.1% and profit rose 6.8% compared with a year earlier. Earnings per share were ₹0.76. The operating margin was 11.6%, 1.5 percentage points higher than a year earlier (as of 3 November 2026). ### What is NELCO's market cap? NELCO Ltd's market capitalisation is ₹1,567 Cr at a share price of ₹686.50. 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 NELCO performing? NELCO Ltd's share price has been rising for 18 weeks. In its latest quarter, revenue rose 5.1% and profit rose 6.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running (as of 3 November 2026). ### Will NELCO's share price go up? This page does not forecast NELCO Ltd's share price. What it shows instead: the share price is ₹686.50, and it has been rising for 18 weeks. Its P/E of 257.9× is higher than 97% of its own last 11 years (as of 3 November 2026). ### Who owns NELCO? Promoters own 50.1% of NELCO Ltd, foreign institutions 4.8%, domestic institutions 0.1% and the public 44.8% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does NELCO have too much debt? NELCO Ltd has a moderate amount of debt: its debt is 0.57× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹73.0 Cr against equity of ₹129 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is NELCO in its business cycle? NELCO Ltd's FY26 operating margin was 9.0%, against a 13-year range of −0.9% to 23.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.6%. 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 NELCO story? The main question: the share price moved −21.3% in a year while yearly earnings per share moved −65.3%. The difference came from the market paying a higher multiple. 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 NELCO a stock worth studying right now? What the numbers show: NELCO Ltd's share price has risen faster than its earnings: −21.3% in a year, against −65.3% for earnings per share. The main open question: whether earnings grow into a price that has already moved. 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). This is research, not advice. We’re not SEBI-registered.