Nelcast Limited
Nelcast Limited manufactures and sells ductile and grey iron castings in India and internationally. The company provides commercial components, including bogie suspension bracket, conventional suspension/engine/steering/cab mounting bracket, rear and forward differential carrier, flanged and plain half, wheel hub, bearing cap, brake drum, and brake disc rotor products; and tractor/farm components… Read more
Nelcast Limited (NELCAST) - Net Assets
Latest net assets as of September 2025: ₹5.68 Billion INR
Based on the latest financial reports, Nelcast Limited (NELCAST) has net assets worth ₹5.68 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹11.56 Billion) and total liabilities (₹5.87 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹5.68 Billion |
| % of Total Assets | 49.18% |
| Annual Growth Rate | 17.68% |
| 5-Year Change | 28.37% |
| 10-Year Change | 81.14% |
| Growth Volatility | 54.26 |
Nelcast Limited - Net Assets Trend (2005–2025)
This chart illustrates how Nelcast Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nelcast Limited (2005–2025)
The table below shows the annual net assets of Nelcast Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹5.56 Billion | +6.46% |
| 2024-03-31 | ₹5.22 Billion | +10.78% |
| 2023-03-31 | ₹4.71 Billion | +6.01% |
| 2022-03-31 | ₹4.44 Billion | +2.68% |
| 2021-03-31 | ₹4.33 Billion | +2.34% |
| 2020-03-31 | ₹4.23 Billion | +6.29% |
| 2019-03-31 | ₹3.98 Billion | +7.48% |
| 2018-03-31 | ₹3.70 Billion | +8.64% |
| 2017-03-31 | ₹3.41 Billion | +11.08% |
| 2016-03-31 | ₹3.07 Billion | +8.29% |
| 2015-03-31 | ₹2.83 Billion | +5.84% |
| 2014-03-31 | ₹2.68 Billion | +6.09% |
| 2013-03-31 | ₹2.52 Billion | +3.91% |
| 2012-03-31 | ₹2.43 Billion | +13.06% |
| 2011-03-31 | ₹2.15 Billion | +35.68% |
| 2010-03-31 | ₹1.58 Billion | +2.46% |
| 2009-03-31 | ₹1.54 Billion | +1.16% |
| 2008-03-31 | ₹1.53 Billion | +250.48% |
| 2007-03-31 | ₹435.61 Million | +71.95% |
| 2006-03-31 | ₹253.33 Million | +18.37% |
| 2005-03-31 | ₹214.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nelcast Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 222752700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹2.23 Billion | 40.29% |
| Common Stock | ₹174.00 Million | 3.15% |
| Other Comprehensive Income | ₹2.25 Billion | 40.69% |
| Other Components | ₹877.41 Million | 15.87% |
| Total Equity | ₹5.53 Billion | 100.00% |
Nelcast Limited Competitors by Market Cap
The table below lists competitors of Nelcast Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unitech Electronics Co. Ltd.
TW:3652
|
$23.01 Million |
|
MasterBeef Group Ordinary Shares
NASDAQ:MB
|
$23.01 Million |
|
ERREDUE S.P.A.
F:Z9H
|
$23.02 Million |
|
Four Seasons Education Cayman
NYSE:FEDU
|
$23.02 Million |
|
Taegu Broadcasting Corporation
KQ:033830
|
$23.00 Million |
|
MEDIACO HLDG INC. A
F:3WX
|
$22.99 Million |
|
NH3 Clean Energy Ltd
AU:NH3
|
$22.99 Million |
|
Yuzhou Group Holdings Company Limited
PINK:YUZHF
|
$22.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nelcast Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,191,908,000 to 5,528,942,000, a change of 337,034,000 (6.5%).
- Net income of 372,919,000 contributed positively to equity growth.
- Dividend payments of 34,801,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹372.92 Million | +6.74% |
| Dividends Paid | ₹34.80 Million | -0.63% |
| Other Changes | ₹-1.08 Million | -0.02% |
| Total Change | ₹- | 6.49% |
Book Value vs Market Value Analysis
This analysis compares Nelcast Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 36.03x to 1.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹3.33 | ₹120.02 | x |
| 2006-03-31 | ₹3.94 | ₹120.02 | x |
| 2007-03-31 | ₹6.67 | ₹120.02 | x |
| 2008-03-31 | ₹17.55 | ₹120.02 | x |
| 2009-03-31 | ₹17.75 | ₹120.02 | x |
| 2010-03-31 | ₹18.19 | ₹120.02 | x |
| 2011-03-31 | ₹24.68 | ₹120.02 | x |
| 2012-03-31 | ₹27.90 | ₹120.02 | x |
| 2013-03-31 | ₹28.94 | ₹120.02 | x |
| 2014-03-31 | ₹30.74 | ₹120.02 | x |
| 2015-03-31 | ₹32.34 | ₹120.02 | x |
| 2016-03-31 | ₹35.52 | ₹120.02 | x |
| 2017-03-31 | ₹38.97 | ₹120.02 | x |
| 2018-03-31 | ₹42.23 | ₹120.02 | x |
| 2019-03-31 | ₹45.42 | ₹120.02 | x |
| 2020-03-31 | ₹48.30 | ₹120.02 | x |
| 2021-03-31 | ₹49.44 | ₹120.02 | x |
| 2022-03-31 | ₹50.77 | ₹120.02 | x |
| 2023-03-31 | ₹53.84 | ₹120.02 | x |
| 2024-03-31 | ₹59.64 | ₹120.02 | x |
| 2025-03-31 | ₹63.60 | ₹120.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nelcast Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.01%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 2.11x
- Recent ROE (6.74%) is below the historical average (13.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 22.77% | 2.32% | 1.53x | 6.42x | ₹27.34 Million |
| 2006 | 27.08% | 2.90% | 1.58x | 5.90x | ₹43.27 Million |
| 2007 | 45.41% | 6.47% | 1.80x | 3.91x | ₹154.24 Million |
| 2008 | 17.05% | 7.30% | 1.24x | 1.89x | ₹107.58 Million |
| 2009 | 2.42% | 1.29% | 0.78x | 2.41x | ₹-117.06 Million |
| 2010 | 4.35% | 2.16% | 0.79x | 2.55x | ₹-89.34 Million |
| 2011 | 40.47% | 17.13% | 1.30x | 1.82x | ₹654.24 Million |
| 2012 | 19.07% | 7.09% | 1.49x | 1.81x | ₹220.04 Million |
| 2013 | 5.53% | 2.74% | 1.15x | 1.75x | ₹-112.47 Million |
| 2014 | 8.43% | 4.37% | 1.12x | 1.72x | ₹-42.00 Million |
| 2015 | 7.79% | 4.03% | 1.12x | 1.73x | ₹-62.16 Million |
| 2016 | 10.30% | 5.68% | 1.09x | 1.67x | ₹9.42 Million |
| 2017 | 10.06% | 5.94% | 1.05x | 1.61x | ₹2.07 Million |
| 2018 | 10.41% | 5.14% | 1.16x | 1.74x | ₹15.18 Million |
| 2019 | 9.73% | 4.49% | 1.10x | 1.98x | ₹-10.74 Million |
| 2020 | 8.57% | 6.35% | 0.73x | 1.85x | ₹-60.13 Million |
| 2021 | 2.10% | 1.48% | 0.73x | 1.95x | ₹-339.68 Million |
| 2022 | 3.22% | 1.54% | 0.96x | 2.18x | ₹-299.43 Million |
| 2023 | 6.35% | 2.36% | 1.22x | 2.20x | ₹-171.05 Million |
| 2024 | 10.48% | 4.33% | 1.11x | 2.18x | ₹24.92 Million |
| 2025 | 6.74% | 3.01% | 1.07x | 2.11x | ₹-179.98 Million |
Industry Comparison
This section compares Nelcast Limited's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $2,316,030,916
- Average return on equity (ROE) among peers: 15.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nelcast Limited (NELCAST) | ₹5.68 Billion | 22.77% | 1.03x | $23.01 Million |
| Aeroflex Industries Limited (AEROFLEX) | $477.26 Million | 14.85% | 2.21x | $117.91 Million |
| Alicon Castalloy Limited (ALICON) | $771.45 Million | 18.69% | 2.90x | $35.46 Million |
| BELL AGROMACHINA ORD T (BSE) (BALUFORGE) | $1.59 Billion | 18.81% | 0.79x | $157.21 Million |
| DCM Limited (DCM) | $2.25 Billion | -1.93% | 2.18x | $4.01 Million |
| DEE Development Eng Ltd (DEEDEV) | $4.12 Billion | 1.99% | 1.05x | $73.80 Million |
| D P Wires Limited (DPWIRES) | $1.52 Billion | 19.14% | 0.29x | $5.42 Million |
| Gandhi Special Tubes Limited (GANDHITUBE) | $490.87 Million | 32.88% | 0.19x | $42.31 Million |
| Ganga Forging Limited (GANGAFORGE) | $27.26 Million | 22.28% | 2.96x | $2.77 Million |
| Gravita India Limited (GRAVITA) | $2.04 Billion | 7.59% | 1.81x | $498.10 Million |
| Happy Forgings Limited (HAPPYFORGE) | $9.88 Billion | 21.12% | 0.34x | $301.15 Million |