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Nelco Limited (NELCO.NS)

INR862.55 -31.65 (-3.54%)
IN NSE Technology Communication Equipment
Address Plot No. EL-6, TTC Industrial Area 400710
Navi Mumbai, IN
CEO Pradip Jyoti Nath
Website nelco.in
IPO 2002-07-01
ISIN INE045B01015

Explore sections of this company profile

Also trades on Bombay Stock Exchange · NELCO.BO (INR) National Stock Exchange of India · NELCO.NS (INR)
Description

Nelco Limited, an Indian enterprise founded in 1940 and based in Navi Mumbai, operates as a subsidiary of The Tata Power Company Limited. The company specializes in providing advanced Very Small Aperture Terminal (VSAT) communication services and comprehensive integrated security and surveillance solutions across India. Its VSAT offerings facilitate vital connectivity for diverse sectors, including renewable energy, maritime, oil and gas, and general business enterprises, as well as for bank ATMs and branches. Beyond connectivity, Nelco delivers end-to-end security and surveillance systems, covering their design, supply, installation, and ongoing maintenance. These solutions find application in a wide range of critical environments, such as industrial plants, power stations, broadcasting and telecommunications sites, airports, railways, seaports, and national borders. Additionally, Nelco provides complete networking solutions, offers VSAT equipment for sale or rental, and manages the upkeep of private communication hubs and hybrid networks for its clientele, which includes both commercial businesses and governmental institutions.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR862.55 -31.65 (-3.54%)
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Volume Profile
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Liquidity & share structure
Average Volume
510.9K
Beta
0.37
Float Shares
9.45M
Free Float %
41.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.43% +5.24% +6.36% +20.01% -4.56% -0.95% -32.42% +1.47% +169.81% +649.14% +3,041.52%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
862.55
DCF (Unlevered) 287.93 -66.6%
DCF (Levered) 309.61 -64.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.81
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Communication Equipment: +9.8%
    +0.6% Q1'26: +17.3% (vs Q1'25)
  • EPS growth Communication Equipment: +36.4%
    -65.3% Q1'26: +126.8% (vs Q1'25)
  • FCF margin FCF growth · Communication Equipment: +59.0%
    -0.5% Q1'26: +2.6% (vs Q1'25)
  • EBIT margin Communication Equipment: +4.7%
    +2.8% Q1'26: +0.8% (vs Q1'25)
  • ROIC Communication Equipment: +3.7%
    +3.4% Q1'26: +0.8% (vs Q1'25)
  • Share dilution Communication Equipment: +0.0%
    +0.4% Q1'26: -0.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Communication Equipment: -1.04×
    2.55× Q1'26: 3.29× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.39) × ERP
WACC = 96% × Ke + 4% × Kd (6.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 283.45 Current price: 862.55
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2020
actual
Mar 2021
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
2.20B
est: 2.25B (-2.4%)
2.26B
est: 2.59B (-12.8%)
2.25B
2.25B – 2.25B
-13.0% YoY
2.59B
2.59B – 2.59B
+15.0% YoY
EBITDA
528.50M
est: 445.76M (+18.6%)
477.10M
est: 512.63M (-6.9%)
392.64M
392.64M – 392.64M
-23.4% YoY
451.53M
451.53M – 451.53M
+15.0% YoY
EBIT
324.00M
est: 254.70M (+27.2%)
254.10M
est: 292.91M (-13.2%)
216.70M
216.70M – 216.70M
-26.0% YoY
249.21M
249.21M – 249.21M
+15.0% YoY
Net Income
143.80M
est: 208.16M (-30.9%)
123.60M
est: 239.62M (-48.4%)
209.05M
209.05M – 209.05M
-12.8% YoY
240.65M
240.65M – 240.65M
+15.1% YoY
SGA
76.90M
est: 274.78M (-72.0%)
93.30M
est: 316.00M (-70.5%)
328.06M
328.06M – 328.06M
+3.8% YoY
377.27M
377.27M – 377.27M
+15.0% YoY
EPS
6.30
est: 9.13 (-31.0%)
5.42
est: 10.51 (-48.4%)
9.13
9.13 – 9.13
-13.1% YoY
10.51
10.51 – 10.51
+15.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-06-11 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-06-10 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-06-09 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-06-08 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-06-05 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-06-04 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-06-03 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-06-02 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-06-01 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-05-29 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-05-27 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-05-26 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-05-25 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-05-22 C+ 2/5 3/5 3/5 3/5 2/5 1/5 1/5
2026-05-21 C+ 2/5 3/5 3/5 3/5 2/5 1/5 1/5
2026-05-20 C+ 2/5 3/5 3/5 3/5 2/5 1/5 1/5
2026-05-19 C+ 2/5 3/5 3/5 3/5 2/5 1/5 1/5
2026-05-18 C+ 2/5 3/5 3/5 3/5 2/5 1/5 1/5
2026-05-15 C+ 2/5 3/5 3/5 3/5 1/5 1/5 1/5
2026-05-14 C+ 2/5 3/5 3/5 3/5 1/5 1/5 1/5
2026-05-13 C+ 2/5 3/5 3/5 3/5 1/5 1/5 1/5
2026-05-12 C+ 2/5 3/5 3/5 3/5 1/5 1/5 1/5
2026-05-11 C+ 2/5 3/5 3/5 3/5 2/5 1/5 1/5
2026-05-08 C+ 2/5 3/5 2/5 3/5 2/5 1/5 1/5
2026-05-07 C+ 2/5 4/5 2/5 3/5 2/5 1/5 1/5
2026-05-06 C+ 2/5 4/5 2/5 3/5 2/5 1/5 1/5
2026-05-05 C+ 2/5 4/5 2/5 3/5 2/5 1/5 1/5
2026-05-04 C+ 2/5 4/5 2/5 3/5 2/5 1/5 1/5
2026-04-30 C+ 2/5 4/5 2/5 3/5 1/5 1/5 1/5
2026-04-29 C+ 2/5 4/5 2/5 3/5 1/5 1/5 1/5
2026-04-28 C+ 2/5 4/5 2/5 3/5 1/5 1/5 1/5
2026-04-27 C+ 2/5 4/5 2/5 3/5 1/5 1/5 1/5
2026-04-24 C+ 2/5 4/5 2/5 3/5 1/5 1/5 1/5
2026-04-23 C+ 2/5 4/5 2/5 3/5 1/5 1/5 1/5
2026-04-22 C 2/5 3/5 2/5 3/5 1/5 1/5 1/5
2026-04-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-62.70M
OE per share TTM
-2.76
Owner's Yield
-0.38%
Maintenance CapEx ratio
14.50%
Maint CapEx / Avg PPE
36.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 6 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
916.0K
Shares Outstanding
22.82M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pradip J. Nath MD, Chief Executive Officer & Executive Director 42M male
Jitender Ahuja Senior Vice President of Products & Solutions male
Kingshuk Basak Head of Network Operations & Engineering
Leena Thomas Head of HR & Administration female
Malav Shah Chief Financial Officer, Chief Investor Relations Officer and GM of Accounts, Treasury & Taxation male
Pooja Johar Head of Strategy, Risk Management & Business Excellence
Daniel Alex Thomas Executive Vice President male
Ritesh Narendrabhai Kamdar Company Secretary & Head-Legal and Compliance Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits