About
Nelco Limited provides satellite communication connectivity systems and solutions. The company offers VSAT satellite communication services for bank atm, bank branches, renewable energy, enterprise, and maritime and aero, as well as oil, energy, and gas areas; installation and annual maintenance contract; network management; and satellite communication and internet services. It also designs, supplies, installs, and maintains customized and integrated security and surveillance solutions for application in industrial plants, power stations, broadcasting stations, telecommunications stations, airports, railways, seaports, and borders. In addition, the company is involved in the networking solutions services; sale and rental of VSATs; and maintenance of private hubs and hybrid networks. It serves enterprise and government customers. Nelco Limited was incorporated in 1940 and is based in Navi Mumbai, India. Nelco Limited is a subsidiary of The Tata Power Company Limited.
Key Metrics
as of Sep 2026Market Cap2,080 Cr
P/E348.00
Div Yield0.11 %
Book Value₹56.50
52w High₹1,121.00
52w Low₹500.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80.03 | 79.18 | 78.30 | 74.33 | 74.79 | 67.52 | 80.72 | 82.55 | 74.08 | 81.61 | 83.24 | 76.65 | 78.80 |
| Expenses | 71.71 | 73.71 | 70.48 | 66.86 | 67.05 | 61.08 | 68.54 | 71.71 | 61.76 | 66.89 | 66.92 | 62.74 | 64.36 |
| Operating Profit | 8.32 | 5.47 | 7.82 | 7.47 | 7.74 | 6.44 | 12.18 | 10.84 | 12.32 | 14.72 | 16.32 | 13.91 | 14.44 |
| OPM % | 10.40 | 6.91 | 9.99 | 10.05 | 10.35 | 9.54 | 15.09 | 13.13 | 16.63 | 18.04 | 19.61 | 18.15 | 18.32 |
| Other Income | 1.20 | 1.93 | -3.09 | 1.31 | 0.76 | 2.64 | 1.57 | 1.19 | 0.16 | 0.88 | 1.13 | 0.44 | 0.38 |
| Depreciation | 5.12 | 4.92 | 5.02 | 5.09 | 4.92 | 6.43 | 5.26 | 5.18 | 5.29 | 5.95 | 5.85 | 5.12 | 5.22 |
| Interest | 1.27 | 0.73 | 1.44 | 1.52 | 1.18 | 1.52 | 1.51 | 1.41 | 1.08 | 1.44 | 1.91 | 1.68 | 1.54 |
| Profit before tax | 3.13 | 1.75 | -1.73 | 2.17 | 2.40 | 1.13 | 6.98 | 5.44 | 6.11 | 8.21 | 9.69 | 7.55 | 8.06 |
| Tax % | 25.24 | 37.71 | -31.21 | 25.35 | 25.00 | 461.06 | 29.08 | 24.63 | 25.37 | 25.70 | 36.53 | 24.64 | 28.91 |
| Net Profit | 2.34 | 1.09 | -1.19 | 1.62 | 1.80 | -4.08 | 4.95 | 4.10 | 4.56 | 6.10 | 6.15 | 5.69 | 5.73 |
| EPS in Rs | 1.03 | 0.48 | -0.52 | 0.71 | 0.79 | -1.79 | 2.17 | 1.80 | 2.00 | 2.67 | 2.70 | 2.49 | 2.51 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 307.00 | 305.00 | 320.00 | 313.00 | 260.00 | 226.00 | 220.00 | 191.00 | 150.00 | 144.00 | 200.00 | 123.00 |
| Expenses | 278.00 | 262.00 | 260.00 | 252.00 | 209.00 | 181.00 | 170.00 | 155.00 | 124.00 | 125.00 | 178.00 | 124.00 |
| Operating Profit | 29.00 | 43.00 | 60.00 | 62.00 | 51.00 | 45.00 | 50.00 | 36.00 | 25.00 | 18.00 | 22.00 | -1.00 |
| OPM % | 9.00 | 14.00 | 19.00 | 20.00 | 19.00 | 20.00 | 23.00 | 19.00 | 17.00 | 13.00 | 11.00 | -0.90 |
| Other Income | 1.00 | 5.00 | 3.00 | 3.00 | 5.00 | 3.00 | 4.00 | 4.00 | 6.00 | 5.00 | 5.00 | 19.00 |
| Interest | 5.00 | 6.00 | 7.00 | 9.00 | 8.00 | 10.00 | 13.00 | 7.00 | 6.00 | 8.00 | 13.00 | 7.00 |
| Depreciation | 20.00 | 22.00 | 22.00 | 28.00 | 25.00 | 22.00 | 20.00 | 13.00 | 9.00 | 8.00 | 11.00 | 9.00 |
| Profit before tax | 5.00 | 20.00 | 34.00 | 28.00 | 23.00 | 16.00 | 20.00 | 20.00 | 15.00 | 7.00 | 2.00 | 2.00 |
| Tax % | 28.00 | 52.00 | 29.00 | 29.00 | 31.00 | 22.00 | 29.00 | -11.00 | 20.00 | 9.00 | 0.00 | 24.00 |
| Net Profit | 3.00 | 10.00 | 24.00 | 20.00 | 16.00 | 12.00 | 14.00 | 22.00 | 12.00 | 6.00 | 2.00 | 2.00 |
| EPS in Rs | 1.45 | 4.18 | 10.37 | 8.70 | 7.05 | 5.42 | 6.30 | 9.77 | 5.31 | 2.75 | 0.97 | 0.85 |
| Dividend Payout % | 69.00 | 24.00 | 21.00 | 23.00 | 26.00 | 22.00 | 19.00 | 15.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 | 23.00 |
| Reserves | 106.00 | 105.00 | 101.00 | 82.00 | 66.00 | 53.00 | 43.00 | 33.00 | 11.00 | -1.00 | -7.00 | -6.00 |
| Borrowings | 73.00 | 53.00 | 57.00 | 63.00 | 81.00 | 90.00 | 121.00 | 82.00 | 50.00 | 57.00 | 85.00 | 66.00 |
| Other Liabilities | 146.00 | 107.00 | 102.00 | 95.00 | 93.00 | 72.00 | 93.00 | 99.00 | 78.00 | 52.00 | 55.00 | 63.00 |
| Total Liabilities | 347.00 | 287.00 | 282.00 | 262.00 | 263.00 | 238.00 | 280.00 | 237.00 | 162.00 | 131.00 | 156.00 | 146.00 |
| Fixed Assets | 77.00 | 78.00 | 87.00 | 95.00 | 110.00 | 108.00 | 117.00 | 87.00 | 51.00 | 36.00 | 28.00 | 35.00 |
| CWIP | 41.00 | 9.00 | 10.00 | 1.00 | 3.00 | 4.00 | 3.00 | 17.00 | 5.00 | 3.00 | 6.00 | 3.00 |
| Investments | 4.00 | 4.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 | 5.00 | 9.00 | 8.00 |
| Other Assets | 225.00 | 197.00 | 181.00 | 165.00 | 150.00 | 126.00 | 160.00 | 134.00 | 101.00 | 87.00 | 113.00 | 99.00 |
| Total Assets | 347.00 | 287.00 | 282.00 | 262.00 | 263.00 | 238.00 | 280.00 | 237.00 | 162.00 | 131.00 | 156.00 | 146.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 15.00 | 20.00 | 45.00 | 58.00 | 51.00 | 54.00 | 33.00 | 21.00 | 32.00 | 38.00 | 3.00 | 33.00 |
| Cash from Investing Activity | -21.00 | -17.00 | -19.00 | -25.00 | -18.00 | -8.00 | -40.00 | -45.00 | -14.00 | -3.00 | -8.00 | -7.00 |
| Cash from Financing Activity | 11.00 | -11.00 | -20.00 | -33.00 | -19.00 | -47.00 | 4.00 | 25.00 | -12.00 | -40.00 | 5.00 | -24.00 |
| Net Cash Flow | 6.00 | -8.00 | 6.00 | 1.00 | 14.00 | -1.00 | -2.00 | 2.00 | 6.00 | -5.00 | 0.00 | 1.00 |
| Free Cash Flow | -6.00 | 3.00 | 29.00 | 33.00 | 33.00 | 45.00 | -15.00 | -25.00 | 15.00 | 22.00 | -7.00 | 25.00 |
| CFO/OP % | 80.00 | 81.00 | 104.00 | 103.00 | 101.00 | 98.00 | 86.00 | 70.00 | 137.00 | 179.00 | 54.00 | -3,159.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Sep 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 123.00 | 128.00 | 97.00 | 96.00 | 109.00 | 102.00 | 117.00 | 115.00 | 134.00 | 85.00 | 79.00 | 114.00 |
| Inventory Days | 360.00 | 415.00 | 268.00 | 153.00 | 129.00 | 148.00 | 123.00 | 85.00 | 176.00 | 130.00 | 69.00 | 145.00 |
| Days Payable | 411.00 | 632.00 | 364.00 | 324.00 | 437.00 | 455.00 | 443.00 | 391.00 | 644.00 | 340.00 | 268.00 | 341.00 |
| Cash Conversion Cycle | 72.00 | -90.00 | 0.00 | -75.00 | -198.00 | -205.00 | -203.00 | -191.00 | -334.00 | -125.00 | -120.00 | -81.00 |
| Working Capital Days | -54.00 | 0.00 | -12.00 | 9.00 | -36.00 | 22.00 | -119.00 | -89.00 | -109.00 | -116.00 | -94.00 | -131.00 |
| ROCE % | 7.00 | 14.00 | 23.00 | 22.00 | 18.00 | 14.00 | 20.00 | 25.00 | 26.00 | 17.00 | 15.00 | 5.00 |
Corporate Actions
21 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 09 Jun 2026 | 09 Jun 2026 | — | 1.00 | |
| Dividend | 09 Jun 2025 | 09 Jun 2025 | — | 1.00 | |
| Dividend | 10 Jun 2024 | — | — | 2.20 | |
| Dividend | 06 Jun 2023 | — | — | 2.00 | |
| Dividend | 21 Jun 2022 | — | — | 1.80 | |
| Dividend | 07 Jun 2021 | — | — | 1.20 | |
| Dividend | 04 Aug 2020 | — | — | 1.20 | |
| Dividend | 15 Jul 2019 | — | — | 1.50 | |
| Other | 09 Jul 2018 | — | — | — | Annual General Meeting |
| Other | 08 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 08 Jul 2016 | — | — | — | Annual General Meeting |
| Other | 14 Jan 2015 | — | — | — | Annual General Meeting |
| Other | 06 Jan 2014 | — | — | — | Annual General Meeting |
| Dividend | 04 Jan 2013 | — | — | 0.50 | |
| Other | 11 Jan 2012 | — | — | — | Annual General Meeting |
| Dividend | 07 Jan 2011 | — | — | 1.00 | |
| Dividend | 31 Dec 2009 | — | — | 0.60 | |
| Other | 18 Jul 2008 | — | — | — | Annual General Meeting |
| Other | 01 Aug 2007 | — | — | — | Agm |
| Other | 07 Dec 2006 | — | — | — | Agm |
| Other | 29 Nov 2005 | — | — | — | Agm |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update26 Aug from crisil
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Rating update12 May from crisil
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Rating update18 Nov 2025 from crisil
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Rating update25 Oct 2024 from crisil
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Rating update28 Jul 2023 from crisil
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Rating update29 Apr 2022 from crisil