Nelco
- Market cap
- ₹ 1,584 Cr.
- P/E
- 259.8x
- P/B
- 13.05x
- 52-week range
- 500.1 – 1,120
- ROE
- 0%
- ROCE
- 7%
- Dividend yield
- 0.1%
- Debt / equity
- 0.57
- Sector
- IT - Hardware
- Industry
- Computers Hardware & Equipments
- Listed on
- NSE, BSE
About
Nelco Limited is an India-based company. The Company is engaged in the business of providing systems and solutions in the areas of very small aperture terminal (VSAT) connectivity and integrated security and surveillance solutions. The Company operates in one reportable segment, which is network systems consisting of SatCom Services (including equipment sale, maintenance, and other allied services). The VSAT service meets wide area networking requirements for Business to Business (B2B) customers using satellite as the transmission medium and is provided through two hubs located in Mahape (Navi Mumbai) and Dehradun. It includes Bank Automated teller machine (ATM), Bank Branches, Renewable Energy, Enterprise, Oil, Energy and Gas, and Maritime and Aero. It offers end to end networking solutions (Satcom Projects) and maintenance of private hubs and hybrid networks for its customers, from government to corporates. The Company's subsidiary includes Nelco Network Products Ltd. (NNPL).
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Computers Hardware & Equipments: 28 companies →Nelco against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)259.8 against a typical 21.7: pricier than most peers (1st = cheapest).26th of 28
- Sales growth+5.1% against a typical +9.6% from a year earlier.12th of 21
- Profit growth+6.8% against a typical +16.3% from a year earlier.10th of 17
- Share price, 3 months−23.8% against a typical −4.7%.26th of 28
- Size₹ 1,583.5 Cr. market value against a typical ₹ 133.3 Cr. (1st = largest).4th of 25
Latest announcements
Exchange filings and their impact on the company.
- Board approved Q2 FY27 results; underlying trend points to steady low-single-digit growth.
Nelco Limited's board on 19th October 2026 approved unaudited standalone and consolidated results for the quarter and six months ended 30th September 2026. The detailed P&L tables were not readable in the extracted text, but the prior trend showed Q1 FY27 sales of Rs 80.03 crore with 10.4% operating margin and net profit of Rs 2.34 crore, up from a year ago. On that run-rate the business looks steady with no sign of a major break in growth or profitability.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A/Watch Developing | Watch: Developing | 26 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 Aug 2026 | Reaffirmed | Crisil A → Crisil A/Watch Developing | — | CRISIL | ₹ 218.3 Cr. | |
| 12 May 2026 | Reaffirmed | Crisil A | — | CRISIL | ₹ 218.3 Cr. | |
| 18 Nov 2025 | Reaffirmed | Crisil A | — | CRISIL | ₹ 218.3 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 19 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 16 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 1 May 2026 | Fund Raising | To consider a proposal to raise funds by way of loans and/or issuance of Non Convertible Debentures on a private placement basis or through any other permissible mode, for the purpose of making investments in emerging satellite communication businesses/technologies |
| 20 Apr 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend if any. |
| 15 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 17 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83 | 82 | 74 | 83 | 81 | 68 | 75 | 74 | 78 | 79 | 80 | 78 |
| Expenses | 67 | 67 | 62 | 72 | 69 | 61 | 67 | 67 | 70 | 74 | 72 | 69 |
| Operating Profit | 16 | 15 | 12 | 11 | 12 | 6 | 8 | 7 | 8 | 5 | 8 | 9 |
| OPM % | 19.6% | 18% | 16.6% | 13.1% | 15.1% | 9.5% | 10.4% | 10.1% | 10% | 6.9% | 10.4% | 11.6% |
| Other Income | 1 | 1 | 0 | 1 | 2 | 3 | 1 | 1 | −3 | 2 | 1 | 3 |
| Interest | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 1 | 3 |
| Depreciation | 6 | 6 | 5 | 5 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 6 |
| Profit before tax | 10 | 8 | 6 | 5 | 7 | 1 | 2 | 2 | −2 | 2 | 3 | 2 |
| Tax % | 36.5% | 25.7% | 25.4% | 24.6% | 29.1% | 461.1% | 25% | 25.4% | −31.2% | 37.7% | 25.2% | 25.8% |
| Net Profit | 6 | 6 | 5 | 4 | 5 | −4 | 2 | 2 | −1 | 1 | 2 | 2 |
| EPS in Rs | 2.7 | 2.67 | 2 | 1.8 | 2.17 | −1.79 | 0.79 | 0.71 | −0.52 | 0.48 | 1.03 | 0.76 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 4%
- 5 Years
- 6%
- 3 Years
- −1%
- TTM
- 6%
- 10 Years
- −5%
- 5 Years
- −45%
- 3 Years
- −69%
- TTM
- 42%
- 10 Years
- 23%
- 5 Years
- −2%
- 3 Years
- 1%
- TTM
- —
- 10 Years
- 18%
- 5 Years
- 13%
- 3 Years
- 9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Nelco | ₹ 719.50 | ₹ 1,584 Cr. | 259.8x | 13.1x | 0% | — |
| HFCL | ₹ 240.45 | ₹ 36,803 Cr. | 100.1x | 6.7x | 7% | 6.7% |
| ITI | ₹ 215.45 | ₹ 20,719 Cr. | — | 14.4x | 16.6% | 13.4% |
| Tejas Networks | ₹ 410.00 | ₹ 7,297 Cr. | — | 3.3x | −26.8% | −82.4% |
| Avantel | ₹ 136.55 | ₹ 3,606 Cr. | 308.2x | 13.4x | — | 7.1% |
| Vindhya Telelinks | ₹ 2,478.30 | ₹ 2,894 Cr. | 9.6x | 0.5x | 5.3% | 6.1% |
Management
- Pradip Jyoti Nath
- Chief Executive Officer, Managing Director, Executive Director
- Malav Shah
- Chief Financial Officer
- Ritesh Narendrabhai Kamdar
- Company Secretary, Compliance Officer, Head - Legal
Prices are delayed and for information only. Nothing on this page is investment advice.