Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of NELCO
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 81.98 | 78.80 | 76.65 | 83.24 | 81.61 | 74.08 | 82.55 | 80.72 | 67.52 | 74.79 | 74.33 | 78.30 | 79.18 |
| Expenses + | 65.16 | 64.36 | 62.74 | 66.92 | 66.89 | 61.76 | 71.71 | 68.54 | 61.08 | 67.05 | 66.86 | 70.48 | 73.71 |
| Operating Profit | 16.82 | 14.44 | 13.91 | 16.32 | 14.72 | 12.32 | 10.84 | 12.18 | 6.44 | 7.74 | 7.47 | 7.82 | 5.47 |
| OPM % | 20.52% | 18.32% | 18.15% | 19.61% | 18.04% | 16.63% | 13.13% | 15.09% | 9.54% | 10.35% | 10.05% | 9.99% | 6.91% |
| Other Income + | 0.85 | 0.38 | 0.44 | 1.13 | 0.88 | 0.16 | 1.19 | 1.57 | 2.64 | 0.76 | 1.31 | -3.09 | 1.93 |
| Interest | 2.07 | 1.54 | 1.68 | 1.91 | 1.44 | 1.08 | 1.41 | 1.51 | 1.52 | 1.18 | 1.52 | 1.44 | 0.73 |
| Depreciation | 7.95 | 5.22 | 5.12 | 5.85 | 5.95 | 5.29 | 5.18 | 5.26 | 6.43 | 4.92 | 5.09 | 5.02 | 4.92 |
| Profit before tax | 7.65 | 8.06 | 7.55 | 9.69 | 8.21 | 6.11 | 5.44 | 6.98 | 1.13 | 2.40 | 2.17 | -1.73 | 1.75 |
| Tax % | 26.01% | 28.91% | 24.64% | 36.53% | 25.70% | 25.37% | 24.63% | 29.08% | 461.06% | 25.00% | 25.35% | -31.21% | 37.71% |
| Net Profit + | 5.66 | 5.73 | 5.69 | 6.15 | 6.10 | 4.56 | 4.10 | 4.95 | -4.08 | 1.80 | 1.62 | -1.19 | 1.09 |
| EPS in Rs | 2.48 | 2.51 | 2.49 | 2.70 | 2.67 | 2.00 | 1.80 | 2.17 | -1.79 | 0.79 | 0.71 | -0.52 | 0.48 |
Financials of NELCO
Annual income statement trend
| Sep 2014 | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 123 | 200 | 144 | 150 | 191 | 220 | 226 | 260 | 313 | 320 | 305 | 307 |
| Expenses + | 124 | 178 | 125 | 124 | 155 | 170 | 181 | 209 | 252 | 260 | 262 | 278 |
| Operating Profit | -1 | 22 | 18 | 25 | 36 | 50 | 45 | 51 | 62 | 60 | 43 | 29 |
| OPM % | -1% | 11% | 13% | 17% | 19% | 23% | 20% | 19% | 20% | 19% | 14% | 9% |
| Other Income + | 19 | 5 | 5 | 6 | 4 | 4 | 3 | 5 | 3 | 3 | 5 | 1 |
| Interest | 7 | 13 | 8 | 6 | 7 | 13 | 10 | 8 | 9 | 7 | 6 | 5 |
| Depreciation | 9 | 11 | 8 | 9 | 13 | 20 | 22 | 25 | 28 | 22 | 22 | 20 |
| Profit before tax | 2 | 2 | 7 | 15 | 20 | 20 | 16 | 23 | 28 | 34 | 20 | 5 |
| Tax % | 24% | 0% | 9% | 20% | -11% | 29% | 22% | 31% | 29% | 29% | 52% | 28% |
| Net Profit + | 2 | 2 | 6 | 12 | 22 | 14 | 12 | 16 | 20 | 24 | 10 | 3 |
| EPS in Rs | 0.85 | 0.97 | 2.75 | 5.31 | 9.77 | 6.30 | 5.42 | 7.05 | 8.70 | 10.37 | 4.18 | 1.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 15% | 19% | 22% | 26% | 23% | 21% | 24% | 69% |
Financials of NELCO
Capital structure and asset base
| Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | -6 | -7 | -1 | 11 | 33 | 43 | 53 | 66 | 82 | 101 | 105 | 106 |
| Borrowings + | 66 | 85 | 57 | 50 | 82 | 121 | 90 | 81 | 63 | 57 | 53 | 73 |
| Other Liabilities + | 63 | 55 | 52 | 78 | 99 | 93 | 72 | 93 | 95 | 102 | 107 | 146 |
| Total Liabilities | 146 | 156 | 131 | 162 | 237 | 280 | 238 | 263 | 262 | 282 | 287 | 347 |
| Fixed Assets + | 35 | 28 | 36 | 51 | 87 | 117 | 108 | 110 | 95 | 87 | 78 | 77 |
| CWIP | 3 | 6 | 3 | 5 | 17 | 3 | 4 | 3 | 1 | 10 | 9 | 41 |
| Investments | 8 | 9 | 5 | 6 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 4 |
| Other Assets + | 99 | 113 | 87 | 101 | 134 | 160 | 126 | 150 | 165 | 181 | 197 | 225 |
| Total Assets | 146 | 156 | 131 | 162 | 237 | 280 | 238 | 263 | 262 | 282 | 287 | 347 |
Financials of NELCO
Operating, investing and financing cash movement
| Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 33 | 3 | 38 | 32 | 21 | 33 | 54 | 51 | 58 | 45 | 20 | 15 |
| Cash from Investing Activity + | -7 | -8 | -3 | -14 | -45 | -40 | -8 | -18 | -25 | -19 | -17 | -21 |
| Cash from Financing Activity + | -24 | 5 | -40 | -12 | 25 | 4 | -47 | -19 | -33 | -20 | -11 | 11 |
| Net Cash Flow | 1 | 0 | -5 | 6 | 2 | -2 | -1 | 14 | 1 | 6 | -8 | 6 |
| Free Cash Flow | 25 | -7 | 22 | 15 | -25 | -15 | 45 | 33 | 33 | 29 | 3 | -6 |
| CFO/OP | -3,159% | 54% | 179% | 137% | 70% | 86% | 98% | 101% | 103% | 104% | 81% | 81% |
Financials of NELCO
Working capital efficiency and return ratios
| Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 114 | 79 | 85 | 134 | 115 | 117 | 102 | 109 | 96 | 97 | 128 | 123 |
| Inventory Days | 145 | 69 | 130 | 176 | 85 | 123 | 148 | 129 | 153 | 268 | 415 | 360 |
| Days Payable | 341 | 268 | 340 | 644 | 391 | 443 | 455 | 437 | 324 | 364 | 632 | 411 |
| Cash Conversion Cycle | -81 | -120 | -125 | -334 | -191 | -203 | -205 | -198 | -75 | 0 | -90 | 72 |
| Working Capital Days | -131 | -94 | -116 | -109 | -89 | -119 | 22 | -36 | 9 | -12 | 0 | -54 |
| ROCE % | 5% | 15% | 17% | 26% | 25% | 20% | 14% | 18% | 22% | 23% | 14% | 7% |