Overview

Nelcast Limited submitted its Annual Report for FY 2025-26 and notice for its 44th AGM scheduled for 27th July 2026 via video conference. The company reported strong financial performance with revenue growth of 6.1% to ₹1,328.40 crores and net profit increase of 29.9% to ₹48.43 crores.

Financial Performance Highlights

  • Revenue from Operations: ₹1,328.40 crores (up from ₹1,251.68 crores in FY25)
  • Profit After Tax: ₹48.43 crores (up from ₹37.29 crores in FY25)
  • EBIDTA: ₹124.46 crores with margin improvement to 9.3% from 8.3%
  • Earnings Per Share: ₹5.57 (up from ₹4.29 in FY25)
  • Production Quantity: 91,305 MT (9% increase from 83,637 MT)
  • Export Turnover: ₹384.91 crores (29% of total turnover)

Balance Sheet & Capital Structure

  • Total Assets: ₹1,198.70 crores
  • Total Equity: ₹599.35 crores with share capital of ₹17.40 crores
  • Total Borrowings: ₹257.19 crores (debt-to-equity ratio improved to 0.4x from 0.5x)
  • Current Ratio: 1.31 (improved from 1.27)
  • Return on Capital Employed: 10.8% (up from 9%)

AGM Details & Corporate Actions

  • 44th AGM Date: 27th July 2026 at 3:30 PM via video conference
  • Record Date for Dividend: 20th July 2026
  • Recommended Dividend: 35% (₹0.70 per share of ₹2 each)
  • Key Agenda Items: Adoption of financial statements, dividend declaration, re-appointment of directors Mr. A. Balasubramanian and Mr. R. Sridharan
  • Mr. D. Sesha Reddy retires by rotation and does not seek re-appointment

Operational & Business Highlights

  • Production increased by approximately 9% to 91,305 MT
  • EBIDTA per kilogram improved to ₹13.6 from ₹12.6
  • Return on Net Worth improved to 8.1% from 6.7%
  • Three customers represent more than 10% of gross revenue, contributing 40.59% collectively
  • Geographical revenue: India ₹933.84 crores (17.5% increase), Exports ₹384.91 crores

Risk Factors & Contingencies

  • Foreign Exchange Exposure: Unhedged foreign currency exposure of ₹16.43 crores (4% fluctuation would impact P&L by ₹6.57 crores)
  • Contingent Liabilities: ₹16.92 crores in sales tax claims not acknowledged as debts
  • Capital Commitments: ₹76.96 crores for acquisition of assets
  • Labour Regulations: Assessing financial implications of newly notified labour codes

Corporate Governance & Compliance

  • Auditors issued unmodified opinion confirming financial statements present true and fair view
  • Compliance with SEBI Listing Regulations and Companies Act, 2013
  • All mandatory committee requirements fulfilled
  • No material fraud reported by auditors
  • CSR expenditure of ₹85.85 lakhs during the year
  • 70% of electricity requirements met through renewable energy sources

Subsidiary Information

  • NC Energy Limited (93.44% owned subsidiary) with net assets of ₹2.71 crores, no profit/loss contribution

Shareholder Information

  • Remote e-voting period: 23rd July 2026 (9:00 AM) to 26th July 2026 (5:00 PM)
  • Dividend payment within 30 days from AGM date
  • Book closure: 21st July 2026 to 27th July 2026