The shares of an Indian company involved in Castings, Forgings & Fasteners have hit a 20 percent upper circuit from the previous closing price. The company’s financial results show robust Revenue growth of 12 percent Y-O-Y, and the Net profits are up by 167 percent
The shares of Nelcast Ltd with a market capitalization of Rs. 1,098.65 crores on Thursday. Its shares are trading at a CMP of Rs 126.28, against the previous closing price of Rs 105.24. The stock has hit a 20 percent upper circuit. The stock has given Good returns of 40.34 percent in the past month.
What Happened
Nelcast Ltd, a company involved in the business of manufacturing Iron Castings, announced its results for the Financial year ‘25. Its Revenue grew by 12 percent YoY from Rs 295 Crores in Q4FY24 to Rs 330 Crores in Q4FY25, and it has increased by close to 13.40 percent QoQ from Rs 291 Crores in Q3FY25 to Rs 330 Crores in Q4FY25.
Its Net Profit grew by 167 percent YoY from Rs. 5.065 Crores in Q4FY24 to Rs. 13.5 Crores in Q4FY25. The Net profits have grown by 125.7 percent QoQ from Rs. 5.98 Crores in Q3FY25 to Rs. 13.5 Crores in Q4FY25.
The company’s Earnings Before Interest, Depreciation, and Taxes (EBIDT) has also grown by 91 percent YOY from Rs 15.6 crores in Q4FY24 to Rs 29.7 crores in Q4FY25. Its EPS has also grown by 169 percent YOY from Rs. 0.58 in Q4FY24 to Rs. 1.56 in Q4FY25.
Future Outlook for FY26
Nelcast Ltd. anticipates positive momentum, driven by a strong order pipeline and improved efficiency leading to higher profitability. The total industry is projected to grow, surpassing 1 million sales by 2026, fueled by strong crop seasons and increased government spending. Upcoming emission norms may also spur pre-buying activity.
The M&HCV segment is expected to experience volume growth, supported by increased infrastructure development, higher budget allocations, ongoing mining activities, and enhanced highway connectivity. The export market is recovering, and this trend is expected to continue, with the company focusing on strengthening its position in Europe. The company aims to achieve a higher EBITDA/kg target, supported by new high-value products and improved facility utilization.
About the company
Nelcast Ltd, established in 1982, is a leading Indian manufacturer specializing in ductile and grey iron castings. The company operates three state-of-the-art foundries located in Gudur and Pedapariya (Andhra Pradesh) and Ponneri (Tamil Nadu), with a combined annual production capacity of 160,000 metric tonnes. Nelcast’s product range includes components for the automotive, tractor, railway, and off-highway sectors, such as engine blocks, brake discs, axle housings, and transmission cases.
The company’s diversified product portfolio encompasses various grades of grey and ductile iron, including austempered and solution-strengthened ferritic variants, catering to a wide range of applications
Written by Likesh babu S
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