
About Nelco Limited
Data last updated:
Nelco Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of The Tata Power Company Limited. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 31 August 1940 and has been in existence for over 86 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L32200MH1940PLC003164. Its GSTIN is 27AAACT1983C1ZH (Maharashtra). The company holds 19 GST registrations, of which 12 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 504112 and NSE: NELCO.
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹22.82 Cr. It was formerly known as The National Radio & Engineering Company Ltd. It is led by directors including Pradip Jyoti Nath (Managing Director) and Lakshmi Anant Nadkarni.
Its last annual general meeting (AGM) was held on 24 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at MIDC Plot No. El 6 Ttc Industrial Area Electronics Zone Mahape, Navi Mumbai, Maharashtra, India – 400710.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹306.6 Cr, a growth of 0.6% compared to the previous year. For the same year it recorded a net profit of ₹59 Lakh (net margin 0.2%) and EBITDA of ₹25.28 Cr (EBITDA margin 8.2%). The net worth stands at ₹128.83 Cr (up 0.7% YoY). Total assets are valued at ₹201.78 Cr (up 11.8% YoY).
The company has about 94 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Nelco. As per MCA filings, the company has open charges of ₹111.42 Cr and satisfied charges of ₹482.58 Cr on record. Court records list 69 cases involving the company, including 45 filed by the company and 24 filed against it; 9 cases are pending. The company has 82 deals on record (80 market trades, 2 acquisitions); the latest was in August 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nelco.in.
Company details
Contact details
Nelco Limited's registered office is in Navi Mumbai, Maharashtra. Its website is nelco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMIDC Plot No. El 6 Ttc Industrial Area Electronics Zone Mahape, Navi Mumbai, Maharashtra, India – 400710
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Nelco Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Nelco is information and communication. In detail, this covers telecommunications.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 61 | Telecommunications |
To see the full business activity and turnover split of Nelco Limited, buy the company report.
Financials of Nelco Limited
FY 2025-26 filings availableNelco Limited reported revenue of ₹306.6 Cr (up 0.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 307 | 305 | 320 | 313 | 260 | 226 | 220 |
| Revenue growth | +0.6% | -4.8% | +2.2% | +20.5% | +15.0% | +2.8% | - |
| EBITDA | 25.28 | 42.59 | 60.07 | 61.71 | 50.58 | 44.87 | 49.77 |
| EBITDA margin | +8.3% | +14.0% | +18.8% | +19.7% | +19.5% | +19.8% | +22.6% |
| Profit before tax | 4.59 | 19.66 | 33.51 | 27.82 | 23.15 | 15.88 | 20.26 |
| Net profit | 0.59 | 9.60 | 23.62 | 19.86 | 16.02 | 12.19 | 13.54 |
| Net profit margin | +0.2% | +3.2% | +7.4% | +6.3% | +6.2% | +5.4% | +6.2% |
| EPS (₹) | 1.45 | 4.18 | 10.37 | 8.70 | 7.05 | 5.42 | 6.30 |
| Balance sheet | |||||||
| Total assets | 202 | 181 | 180 | 168 | 171 | 170 | 190 |
| Net worth | 129 | 128 | 124 | 105 | 89.05 | 76.01 | 65.89 |
| Total debt | 72.84 | 52.51 | 56.87 | 63.10 | 81.48 | 89.62 | 121 |
| Cash & bank | 20.25 | 14.61 | 22.32 | 16.64 | 16.10 | 9.51 | 13.43 |
| Net working capital | 36.45 | 60.26 | 50.05 | 48.63 | 30.90 | 23.38 | 27.22 |
| Cash flow | |||||||
| Cash from operations | 15.26 | 19.66 | 44.89 | 58.08 | 50.56 | 53.83 | 33.17 |
| Cash from investing | (20.76) | (16.54) | (19.22) | (24.93) | (17.89) | (7.56) | (40.06) |
| Cash from financing | 11.04 | (11.06) | (20.04) | (32.64) | (18.92) | (46.90) | 4.48 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78.14 | 80.03 | 79.18 | 78.30 | 74.33 | 74.79 | 67.52 | 80.72 |
| Revenue growth (YoY) | +5.1% | +7.0% | +17.3% | -3.0% | -10.0% | +1.0% | - | - |
| Other income | 2.51 | 1.20 | 1.93 | 0.72 | 1.31 | 0.76 | 2.64 | 1.57 |
| EBITDA | 9.06 | 8.32 | 5.47 | 4.01 | 7.47 | 7.74 | 6.44 | 12.18 |
| EBITDA margin | +11.6% | +10.4% | +6.9% | +5.1% | +10.0% | +10.3% | +9.5% | +15.1% |
| Depreciation | 5.80 | 5.12 | 4.92 | 5.02 | 5.09 | 4.92 | 6.43 | 5.26 |
| Interest | 3.44 | 1.27 | 0.73 | 1.44 | 1.52 | 1.18 | 1.52 | 1.51 |
| Profit before tax | 2.33 | 3.13 | 1.75 | (1.73) | 2.17 | 2.40 | 1.13 | 6.98 |
| Tax | 0.60 | 0.79 | 0.66 | (0.54) | 0.55 | 0.60 | 5.21 | 2.03 |
| Net profit | 1.73 | 2.34 | 1.09 | (1.19) | 1.62 | 1.80 | (4.08) | 4.95 |
| EPS (₹) | 0.76 | 1.02 | 0.48 | (0.52) | 0.71 | 0.79 | (1.79) | 2.17 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 198 | 206 | 223 | 197 | 143 | 131 | 38.33 |
| Revenue growth | -3.9% | -7.7% | +13.0% | +37.6% | +9.2% | +242.1% | - |
| EBITDA | 18.46 | 30.61 | 43.74 | 41.22 | 21.73 | 23.44 | 8.86 |
| EBITDA margin | +9.3% | +14.9% | +19.6% | +20.9% | +15.2% | +17.9% | +23.1% |
| Profit before tax | 8.25 | 19.92 | 30.24 | 29.35 | 14.16 | 15.52 | 16.52 |
| Net profit | 6.19 | 9.81 | 21.24 | 20.91 | 10.22 | 9.24 | 9.04 |
| Net profit margin | +3.1% | +4.8% | +9.5% | +10.6% | +7.1% | +7.1% | +23.6% |
| EPS (₹) | 2.67 | 4.30 | 9.32 | 9.15 | 4.86 | 5.38 | 5.99 |
| Balance sheet | |||||||
| Total assets | 135 | 133 | 130 | 128 | 114 | 101 | 90.52 |
| Net worth | 126 | 122 | 118 | 101 | 84.56 | 76.77 | 51.36 |
| Total debt | 8.74 | 10.24 | 11.65 | 27.06 | 28.99 | 23.12 | 37.34 |
| Cash & bank | 20.23 | 14.61 | 20.09 | 13.17 | 5.23 | 9.47 | 5.93 |
| Net working capital | (21.38) | 12.18 | 1.80 | 17.02 | 3.47 | 27.98 | 58.63 |
| Cash flow | |||||||
| Cash from operations | 22.41 | 12.42 | 48.59 | 39.93 | 11.87 | 47.67 | 10.89 |
| Cash from investing | (12.35) | (9.45) | (16.24) | (21.71) | (8.72) | (9.81) | (20.41) |
| Cash from financing | (4.52) | (8.68) | (25.48) | (10.31) | (7.49) | (43.85) | 4.68 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 52.79 | 54.81 | 52.55 | 49.66 | 48.62 | 46.87 | 50.77 | 51.20 |
| Revenue growth (YoY) | +8.6% | +16.9% | +3.5% | -3.0% | -3.5% | -12.0% | - | - |
| Other income | 2.55 | 1.24 | 1.61 | 0.57 | 1.14 | 0.68 | 1.46 | 1.41 |
| Total expenses | 43.85 | 47.50 | 46.98 | 47.40 | 42.60 | 42.64 | 42.63 | 42.68 |
| EBITDA | 8.94 | 7.31 | 5.57 | 2.26 | 6.02 | 4.23 | 8.14 | 8.52 |
| EBITDA margin | +16.9% | +13.3% | +10.6% | +4.6% | +12.4% | +9.0% | +16.0% | +16.6% |
| Depreciation | 3.86 | 3.18 | 3.11 | 3.30 | 3.24 | 3.13 | 2.71 | 3.15 |
| Interest | 2.95 | 0.29 | 0.27 | 0.23 | 0.34 | 0.21 | 0.50 | 0.57 |
| Profit before tax | 4.68 | 5.08 | 3.80 | (0.70) | 3.58 | 1.57 | 6.39 | 6.21 |
| Tax | 1.21 | 1.28 | 1.01 | (0.13) | 0.87 | 0.41 | 6.42 | 1.82 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78.14 | 80.03 | 79.18 | 78.30 | 74.33 | 74.79 | 67.52 | 80.72 |
| Revenue growth (YoY) | +5.1% | +7.0% | +17.3% | -3.0% | -10.0% | +1.0% | - | - |
| Other income | 2.51 | 1.20 | 1.93 | 0.72 | 1.31 | 0.76 | 2.64 | 1.57 |
| EBITDA | 9.06 | 8.32 | 5.47 | 4.01 | 7.47 | 7.74 | 6.44 | 12.18 |
| EBITDA margin | +11.6% | +10.4% | +6.9% | +5.1% | +10.0% | +10.3% | +9.5% | +15.1% |
| Depreciation | 5.80 | 5.12 | 4.92 | 5.02 | 5.09 | 4.92 | 6.43 | 5.26 |
| Interest | 3.44 | 1.27 | 0.73 | 1.44 | 1.52 | 1.18 | 1.52 | 1.51 |
| Profit before tax | 2.33 | 3.13 | 1.75 | (1.73) | 2.17 | 2.40 | 1.13 | 6.98 |
| Tax | 0.60 | 0.79 | 0.66 | (0.54) | 0.55 | 0.60 | 5.21 | 2.03 |
| Net profit | 1.73 | 2.34 | 1.09 | (1.19) | 1.62 | 1.80 | (4.08) | 4.95 |
| EPS (₹) | 0.76 | 1.02 | 0.48 | (0.52) | 0.71 | 0.79 | (1.79) | 2.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 307 | 305 | 320 | 313 | 260 | 226 | 220 |
| Revenue growth | +0.6% | -4.8% | +2.2% | +20.5% | +15.0% | +2.8% | - |
| Other income | 4.66 | 5.37 | 2.83 | 2.57 | 4.74 | 2.84 | 3.64 |
| Total expenses | 281 | 262 | 260 | 252 | 209 | 181 | 170 |
| Employee cost | 50.54 | 45.73 | 43.04 | 36.94 | 34.03 | 34.11 | 33.61 |
| EBITDA | 25.28 | 42.59 | 60.07 | 61.71 | 50.58 | 44.87 | 49.77 |
| EBITDA margin | +8.3% | +14.0% | +18.8% | +19.7% | +19.5% | +19.8% | +22.6% |
| Depreciation | 19.95 | 22.16 | 22.14 | 27.78 | 24.64 | 22.30 | 20.02 |
| Interest | 5.40 | 6.14 | 7.25 | 8.68 | 7.53 | 9.53 | 13.13 |
| Profit before tax | 4.59 | 19.66 | 33.51 | 27.82 | 23.15 | 15.88 | 20.26 |
| Tax | 1.27 | 10.13 | 9.84 | 7.97 | 7.07 | 3.52 | 5.88 |
| Net profit | 0.59 | 9.60 | 23.62 | 19.86 | 16.02 | 12.19 | 13.54 |
| Net profit margin | +0.2% | +3.2% | +7.4% | +6.3% | +6.2% | +5.4% | +6.2% |
| EPS (₹) | 1.45 | 4.18 | 10.37 | 8.70 | 7.05 | 5.42 | 6.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 22.82 | 22.82 | 22.82 | 22.82 | 22.82 | 22.82 | 22.82 |
| Reserves & surplus | 106 | 105 | 101 | 81.73 | 66.23 | 53.19 | 43.07 |
| Shareholders' funds (net worth) | 129 | 128 | 124 | 105 | 89.05 | 76.01 | 65.89 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 40.79 | 15.59 | 10.36 | 18.62 | 18.75 | 22.40 | 56.30 |
| Unsecured loans | 32.05 | 36.92 | 46.51 | 44.48 | 62.73 | 67.22 | 64.68 |
| Total debt | 72.84 | 52.51 | 56.87 | 63.10 | 81.48 | 89.62 | 121 |
| Total liabilities | 202 | 181 | 180 | 168 | 171 | 170 | 190 |
| Assets | |||||||
| Gross block | 199 | 194 | 193 | 194 | 210 | 188 | 177 |
| Net block | 76.60 | 77.96 | 87.20 | 95.40 | 110 | 108 | 117 |
| Capital work in progress | 41.49 | 8.70 | 9.85 | 1.48 | 2.60 | 4.06 | 3.39 |
| Investments | 4.22 | 3.92 | 3.73 | 0.22 | 0.16 | 0.16 | 0.16 |
| Inventories | 36.25 | 30.69 | 25.87 | 21.27 | 15.82 | 11.38 | 10.52 |
| Sundry debtors | 104 | 107 | 85.07 | 82.74 | 77.86 | 63.26 | 70.26 |
| Cash & bank balances | 20.25 | 14.61 | 22.32 | 16.64 | 16.10 | 9.51 | 13.43 |
| Loans & advances | 21.90 | 15.33 | 18.30 | 22.55 | 13.81 | 6.88 | 22.70 |
| Total current assets | 182 | 167 | 152 | 143 | 124 | 91.03 | 117 |
| Total current liabilities | 146 | 107 | 102 | 94.57 | 92.69 | 67.65 | 89.69 |
| Net working capital | 36.45 | 60.26 | 50.05 | 48.63 | 30.90 | 23.38 | 27.22 |
| Total assets | 202 | 181 | 180 | 168 | 171 | 170 | 190 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 13.85 | 21.79 | 16.16 | 15.65 | 1.90 | 2.53 | 4.94 |
| Net cash from operating activities | 15.26 | 19.66 | 44.89 | 58.08 | 50.56 | 53.83 | 33.17 |
| Net cash from investing activities | (20.76) | (16.54) | (19.22) | (24.93) | (17.89) | (7.56) | (40.06) |
| Net cash from financing activities | 11.04 | (11.06) | (20.04) | (32.64) | (18.92) | (46.90) | 4.48 |
| Net change in cash | 5.54 | (7.94) | 5.63 | 0.51 | 13.75 | (0.63) | (2.41) |
| Closing cash | 20.25 | 14.61 | 22.32 | 16.64 | 16.10 | 9.51 | 13.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +0.6% | -4.8% | +2.2% | +20.5% | +15.0% | +2.8% | - |
| EBITDA growth | -40.6% | -29.1% | -2.7% | +22.0% | +12.7% | -9.9% | - |
| PBT growth | -76.7% | -41.3% | +20.5% | +20.2% | +45.8% | -21.6% | +1.2% |
| Net income growth | -93.9% | -59.4% | +18.9% | +24.0% | +31.4% | -10.0% | - |
| Revenue CAGR (3Y) | -0.7% | +5.4% | +12.3% | +12.5% | +10.8% | +14.8% | +15.3% |
| EBITDA CAGR (3Y) | -25.7% | -5.6% | +10.2% | +7.4% | +12.0% | +21.3% | +39.2% |
| Profitability & leverage | |||||||
| Net income margin | +1.1% | +3.1% | +7.4% | +6.3% | +6.2% | +5.5% | +6.5% |
| Return on capital employed | +7.2% | +14.3% | +23.4% | +21.6% | +18.0% | +14.1% | +20.0% |
| Return on net worth | +0.5% | +7.6% | +20.8% | +20.5% | +19.5% | +17.4% | +23.6% |
| Debt / equity | 0.49 | 0.43 | 0.53 | 0.75 | 1.04 | 1.48 | 1.67 |
| Long-term debt / equity | 0.07 | 0.10 | 0.25 | 0.41 | 0.45 | 0.49 | 0.57 |
| Interest cover | 101.31 | 30.05 | 19.11 | 25.58 | 29.03 | 42.22 | 44.13 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.56 | 1.58 | 1.66 | 1.55 | 1.31 | 1.24 | 1.45 |
| Inventory turnover | 9.16 | 10.78 | 13.59 | 16.90 | 19.12 | 20.65 | 23.89 |
| Debtors turnover | 2.92 | 3.18 | 3.82 | 3.90 | 3.69 | 3.39 | 3.38 |
| EPS (₹) | 1.45 | 4.18 | 10.37 | 8.70 | 7.05 | 5.42 | 6.30 |
| Dividend per share (₹) | 1.00 | 1.00 | 2.20 | 2.00 | 1.80 | 1.20 | 1.20 |
| Book value per share (₹) | 56.45 | 56.05 | 54.15 | 45.82 | 39.02 | 33.31 | 28.87 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 52.79 | 54.81 | 52.55 | 49.66 | 48.62 | 46.87 | 50.77 | 51.20 |
| Revenue growth (YoY) | +8.6% | +16.9% | +3.5% | -3.0% | -3.5% | -12.0% | - | - |
| Other income | 2.55 | 1.24 | 1.61 | 0.57 | 1.14 | 0.68 | 1.46 | 1.41 |
| Total expenses | 43.85 | 47.50 | 46.98 | 47.40 | 42.60 | 42.64 | 42.63 | 42.68 |
| EBITDA | 8.94 | 7.31 | 5.57 | 2.26 | 6.02 | 4.23 | 8.14 | 8.52 |
| EBITDA margin | +16.9% | +13.3% | +10.6% | +4.6% | +12.4% | +9.0% | +16.0% | +16.6% |
| Depreciation | 3.86 | 3.18 | 3.11 | 3.30 | 3.24 | 3.13 | 2.71 | 3.15 |
| Interest | 2.95 | 0.29 | 0.27 | 0.23 | 0.34 | 0.21 | 0.50 | 0.57 |
| Profit before tax | 4.68 | 5.08 | 3.80 | (0.70) | 3.58 | 1.57 | 6.39 | 6.21 |
| Tax | 1.21 | 1.28 | 1.01 | (0.13) | 0.87 | 0.41 | 6.42 | 1.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 198 | 206 | 223 | 197 | 143 | 131 | 38.33 |
| Revenue growth | -3.9% | -7.7% | +13.0% | +37.6% | +9.2% | +242.1% | - |
| Other income | 4.00 | 3.95 | 2.36 | 2.68 | 3.46 | 4.55 | 13.46 |
| Total expenses | 179 | 175 | 179 | 156 | 121 | 108 | 29.47 |
| Employee cost | 32.55 | 29.34 | 27.85 | 23.39 | 21.15 | 18.99 | 17.48 |
| EBITDA | 18.46 | 30.61 | 43.74 | 41.22 | 21.73 | 23.44 | 8.86 |
| EBITDA margin | +9.3% | +14.9% | +19.6% | +20.9% | +15.2% | +17.9% | +23.1% |
| Depreciation | 12.78 | 12.63 | 12.84 | 10.65 | 8.35 | 8.09 | 0.72 |
| Interest | 1.43 | 2.01 | 3.02 | 3.90 | 2.68 | 4.38 | 5.08 |
| Profit before tax | 8.25 | 19.92 | 30.24 | 29.35 | 14.16 | 15.52 | 16.52 |
| Tax | 2.16 | 10.11 | 8.97 | 8.47 | 3.07 | 3.25 | 2.84 |
| Net profit | 6.19 | 9.81 | 21.24 | 20.91 | 10.22 | 9.24 | 9.04 |
| Net profit margin | +3.1% | +4.8% | +9.5% | +10.6% | +7.1% | +7.1% | +23.6% |
| EPS (₹) | 2.67 | 4.30 | 9.32 | 9.15 | 4.86 | 5.38 | 5.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 22.82 | 22.82 | 22.82 | 22.82 | 22.82 | 22.82 | 22.82 |
| Reserves & surplus | 103 | 99.58 | 94.93 | 78.32 | 61.74 | 53.95 | 28.54 |
| Shareholders' funds (net worth) | 126 | 122 | 118 | 101 | 84.56 | 76.77 | 51.36 |
| Secured loans | 0.00 | 0.00 | 0.00 | 4.64 | 0.00 | 7.26 | 8.34 |
| Unsecured loans | 8.74 | 10.24 | 11.65 | 22.42 | 28.99 | 15.86 | 29.00 |
| Total debt | 8.74 | 10.24 | 11.65 | 27.06 | 28.99 | 23.12 | 37.34 |
| Total liabilities | 135 | 133 | 130 | 128 | 114 | 101 | 90.52 |
| Assets | |||||||
| Gross block | 146 | 136 | 130 | 118 | 96.69 | 75.80 | 13.37 |
| Net block | 58.75 | 61.03 | 66.50 | 65.59 | 54.89 | 42.33 | 2.43 |
| Capital work in progress | 39.47 | 7.18 | 9.51 | 1.25 | 2.42 | 3.62 | 0.00 |
| Investments | 32.99 | 32.99 | 32.99 | 29.95 | 29.89 | 0.21 | 5.07 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 43.38 | 39.95 | 37.79 | 40.99 | 34.54 | 21.37 | 15.43 |
| Cash & bank balances | 20.23 | 14.61 | 20.09 | 13.17 | 5.23 | 9.47 | 5.93 |
| Loans & advances | 12.40 | 8.17 | 8.72 | 11.90 | 8.71 | 135 | 155 |
| Total current assets | 76.01 | 62.73 | 66.60 | 66.06 | 48.48 | 166 | 177 |
| Total current liabilities | 97.39 | 50.55 | 64.80 | 49.04 | 45.01 | 138 | 118 |
| Net working capital | (21.38) | 12.18 | 1.80 | 17.02 | 3.47 | 27.98 | 58.63 |
| Total assets | 135 | 133 | 130 | 128 | 114 | 101 | 90.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 13.85 | 19.56 | 12.69 | 4.78 | 9.12 | 7.85 | 2.11 |
| Net cash from operating activities | 22.41 | 12.42 | 48.59 | 39.93 | 11.87 | 47.67 | 10.89 |
| Net cash from investing activities | (12.35) | (9.45) | (16.24) | (21.71) | (8.72) | (9.81) | (20.41) |
| Net cash from financing activities | (4.52) | (8.68) | (25.48) | (10.31) | (7.49) | (43.85) | 4.68 |
| Net change in cash | 5.54 | (5.71) | 6.87 | 7.91 | (4.34) | (5.99) | (4.84) |
| Closing cash | 20.23 | 14.61 | 20.09 | 13.17 | 5.23 | 9.47 | 5.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -3.9% | -7.7% | +13.0% | +37.6% | +9.2% | +242.1% | - |
| EBITDA growth | -39.7% | -30.0% | +6.1% | +89.7% | -7.3% | +164.6% | - |
| PBT growth | -58.6% | -34.1% | +3.0% | +107.3% | -8.8% | -6.1% | +66.4% |
| Net income growth | -36.9% | -53.8% | +1.6% | +104.6% | +10.6% | +2.2% | - |
| Revenue CAGR (3Y) | +0.1% | +12.8% | +19.3% | +72.6% | +62.2% | +60.2% | +14.3% |
| EBITDA CAGR (3Y) | -23.5% | +12.1% | +23.1% | +66.9% | +69.9% | +165.0% | - |
| Profitability & leverage | |||||||
| Net income margin | +3.1% | +4.8% | +9.6% | +10.6% | +7.8% | +9.4% | +35.7% |
| Return on capital employed | +9.0% | +16.7% | +25.8% | +27.5% | +15.7% | +17.6% | +19.1% |
| Return on net worth | +5.0% | +8.2% | +19.4% | +22.5% | +13.8% | +14.4% | +19.4% |
| Debt / equity | 0.08 | 0.09 | 0.18 | 0.30 | 0.32 | 0.47 | 0.75 |
| Long-term debt / equity | 0.06 | 0.08 | 0.14 | 0.16 | 0.08 | 0.03 | 0.00 |
| Interest cover | 25.18 | 11.18 | 9.77 | 12.76 | 20.03 | 28.53 | 62.41 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.40 | 1.55 | 1.80 | 1.84 | 1.66 | 2.94 | 3.66 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 4.74 | 5.29 | 5.65 | 5.22 | 5.12 | 7.13 | 3.03 |
| EPS (₹) | 2.67 | 4.30 | 9.32 | 9.15 | 4.86 | 5.38 | 5.99 |
| Dividend per share (₹) | 1.00 | 1.00 | 2.20 | 2.00 | 1.80 | 1.20 | 1.20 |
| Book value per share (₹) | 55.28 | 53.64 | 51.60 | 44.32 | 37.06 | 33.64 | 22.51 |
To see the full year-wise statements and ratios of Nelco Limited, buy the company report.
Board of directors of Nelco Limited
Nelco has 6 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Jyoti Nath Also directs: Nelco Network Products Limited, Claricent Partners LLP, Technopolis Knowledge Park Limited and 1 more | Managing Director | 22 Jan 2013 | 13 Years 9 Months | Current |
| Lakshmi Anant Nadkarni Also directs: Ponni Sugars (Erode) Limited, All Time Plastics Limited | Director | 28 Jan 2020 | 6 Years 9 Months | Current |
| Ajay Kumar Pandey Also directs: Nelco Network Products Limited | Director | 28 Jan 2020 | 6 Years 9 Months | Current |
| Saurabh Ray Also directs: Nelco Network Products Limited | Director | 26 Apr 2022 | 4 Years 6 Months | Current |
| Amur Swaminathan Lakshminarayanan | Director | 29 May 2022 | 4 Years 5 Months | Current |
| Vijay Bhagwanji Somaiya | Director | 27 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Nelco Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2026 | 101049W/E300004 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 50.10%, foreign institutional investors hold 5.60%, domestic institutional investors hold 0.30% and retail and other public shareholders hold 44.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 50.10% | 50.10% | 50.10% | 50.10% |
| Public | 49.90% | 49.90% | 49.90% | 49.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jan 2007 | 10035859 | Axis Bank Limited | ₹38 Cr | Open | |
| 02 Feb 1996 | 90163313 | Union Bank of India | ₹1.67 Cr | Open | |
| 14 Feb 1992 | 90162579 | Idbi Bank | ₹50 Cr | Open | |
| 13 Jan 1992 | 90160798 | Bank of India | ₹15 Cr | Open | |
| 05 Oct 1987 | 90162101 | The Investment Co-Op Bank Ltd | ₹2 Cr | Open |
To see the full charge records of Nelco Limited, buy the company report.
Total charge records: 64 View all charges
Deals & funding
Nelco Limited has 82 deals on record (80 market trades, 2 acquisitions); the latest was in August 2026.
Deals on record (5 of 82)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹11.74 Cr | Buyer: Ramdoot Realtors Private Limited Seller: Ramdoot Realtors Private Limited |
| Jul 2026 | Market trade | ₹26.33 Cr | Buyer: Ramdoot Realtors Private Limited , Hrti Private Limited Seller: Ramdoot Realtors Private Limited , Hrti Private Limited |
| Jun 2026 | Market trade | ₹23.87 Cr | Buyer: Junomoneta Finsol Private Limited , Qe Securities LLP Seller: Junomoneta Finsol Private Limited , Qe Securities LLP |
| Jun 2026 | Market trade | ₹148.34 Cr | Buyer: Microcurves Trading Private Limited , Junomoneta Finsol Private Limited , NK Securities Research Private Limited Seller: Microcurves Trading Private Limited , Junomoneta Finsol Private Limited , NK Securities Research Private Limited |
| Jun 2026 | Market trade | ₹61.18 Cr | Buyer: Microcurves Trading Private Limited , NK Securities Research Private Limited , Qe Securities LLP Seller: Microcurves Trading Private Limited , NK Securities Research Private Limited , Qe Securities LLP |
To see the full deal history of Nelco Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nelco Limited has 69 court cases on record: 45 filed by Nelco, 24 filed against it. 9 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 8 | 4 |
| High courts | 31 | 14 | 5 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 69)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against M/S. Sai Speed Medical Institute Pvt. Ltd. | Pending |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against Sai Speed Medical Institute Pvt Ltd | Disposed |
| Bombay High Court | Court case (EXA) | Filed by the company against Jawaharlal Nehru Port Trust | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by G Das and Co Pvt Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by I.C.S.A. (India) Limited | Disposed |
To see the full case history of Nelco Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nelco Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nelco has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Nelco Network Products Limited | U32309MH2016PLC285693 |
To see the full group structure of Nelco Limited, buy the company report.
Employees & EPFO
Nelco Limited has a workforce of 94 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
GST
Nelco has 19 GST registrations: 12 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT1983C1ZH | Maharashtra | Active | 01 Jul 2017 |
| 27AAACT1983C3ZF | Maharashtra | Active | 26 May 2025 |
| 07AAACT1983C1ZJ | Delhi | Active | 01 Jul 2017 |
| 09AAACT1983C1ZF | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nelco Limited, buy the company report.
Recent activity
Nelco Limited has 58 board changes on record since 1985: 33 appointments and 25 cessations. The latest: Narasimha Kummamuri ceased to be Director on 28 Jan 2025.
191 earlier events are in the company report.
News
Frequently asked questions
Nelco is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 31 August 1940 (86+ years old) and is registered under CIN L32200MH1940PLC003164. Listed on BSE: 504112 and NSE: NELCO.
Nelco reported revenue of ₹306.6 Cr for FY 2025-26 (up 0.6% YoY) based on consolidated financials.
Nelco has 6 current directors:
- Pradip Jyoti Nath - Managing Director
- Lakshmi Anant Nadkarni - Director
- Ajay Kumar Pandey - Director
- Saurabh Ray - Director
- Amur Swaminathan Lakshminarayanan - Director
- Vijay Bhagwanji Somaiya - Director
The latest financial statements of Nelco on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Nelco is 27AAACT1983C1ZH, registered in Maharashtra. The company has 19 GST registrations in all, of which 12 are active and 7 are cancelled or inactive. Other active GSTINs include 27AAACT1983C3ZF (Maharashtra), 07AAACT1983C1ZJ (Delhi), 09AAACT1983C1ZF (Uttar Pradesh).
The CIN (Corporate Identification Number) of Nelco is L32200MH1940PLC003164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nelco is a listed company as per MCA records. Its shares are listed on both BSE (code: 504112) and NSE (symbol: NELCO).
Nelco has 69 court cases on record: 45 filed by the company and 24 filed against it. 9 are pending. Most are in the district courts.
Nelco was incorporated on 31 August 1940, making it 86+ years old. It is registered with the Registrar of Companies, Mumbai.
Nelco has 82 deals on record (80 market trades, 2 acquisitions); the latest was in August 2026.

