Nelcast Ltd
NSE:NELCAST
Nelcast Ltd
Nelcast Ltd. engages in the manufacture and sale of iron castings. The company is headquartered in Chennai, Tamil Nadu and currently employs 1,121 full-time employees. The firm is a supplier of ductile iron castings and grey iron castings. Its products include Un-Machined Castings and Machined Castings. The company manufactures products such as all standard grades of grey & ductile iron; pearlitic grey iron for brake disc applications; silicon-molybdenum ductile iron for high-temperature exhaust manifolds; all grades of au tempered ductile iron (in-house heat treatment facility); ductile iron castings with properties at low temperatures for railway braking & windmill applications. Its products include commercial vehicle components, tractor/ farm equipment, off highway/ army components, railways, SUV/ Car components and power train components. The firm has three plants in India and handle the manufacture and production of various casting components.
Nelcast Ltd. engages in the manufacture and sale of iron castings. The company is headquartered in Chennai, Tamil Nadu and currently employs 1,121 full-time employees. The firm is a supplier of ductile iron castings and grey iron castings. Its products include Un-Machined Castings and Machined Castings. The company manufactures products such as all standard grades of grey & ductile iron; pearlitic grey iron for brake disc applications; silicon-molybdenum ductile iron for high-temperature exhaust manifolds; all grades of au tempered ductile iron (in-house heat treatment facility); ductile iron castings with properties at low temperatures for railway braking & windmill applications. Its products include commercial vehicle components, tractor/ farm equipment, off highway/ army components, railways, SUV/ Car components and power train components. The firm has three plants in India and handle the manufacture and production of various casting components.
Revenue Growth: Q3 revenue reached INR 332 crores, up 11.8% year-on-year, with 9-month revenue at INR 971.2 crores, a 3.9% increase year-on-year.
Profitability Surge: Q3 EBITDA rose 56.5% to INR 35.9 crores (margin 10.8%) and PAT jumped 166% to INR 15.9 crores year-on-year.
Margin Drivers: Improved margins were attributed to cost optimization, better product mix, and operational efficiencies, with EBITDA per kg at INR 15.9, up 35% year-on-year.
Exports Recovering: Export volumes remain below last year but are stabilizing, with European customer additions and US tariff relief expected to support growth in FY '26–'27.
Guidance & Outlook: Management forecasts FY '26 volumes of 88,000–90,000 tons, aiming for at least 10% growth next year, and targets EBITDA per kg to sustain at INR 15+ with a goal to reach INR 17–18 in 2–3 years.
High-Value Products: Progress at the Pedapariya facility on complex, large castings is set to drive higher margins and utilization, with commercialization from FY '27.
Sustainability: Over 70% of power usage now comes from renewables, with a goal of reaching 80%.
