About Nelco Limited
Data last updated: 25 September 2026
Nelco Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of The Tata Power Company Limited. It specialises in telecom equipment and tech solutions, a part of the broader telecommunications sector. Incorporated on 31 August 1940, the company has been in operation for over 86 years.
Registered with ROC Mumbai under CIN L32200MH1940PLC003164. Listed on BSE: 504112 and NSE: NELCO.
Capital: an authorised share capital of ₹55 Cr and a paid-up capital of ₹22.82 Cr. Formerly known as The National Radio & Engineering Company Ltd. It is led by directors including Pradip Jyoti Nath and Lakshmi Anant Nadkarni.
Last AGM: 24 June 2025. Financial statements filed for year ended 31 March 2025. Office: 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 0.57% compared to the previous year. The net worth stands at ₹128.83 Cr (up 0.73% YoY). Total assets are valued at ₹201.78 Cr (up 11.76% YoY).
The company has a workforce of approximately 94 employees as per the latest available data. It operates as a subsidiary of The Tata Power Company Limited. 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.
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.
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EmailLocked
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TelephoneLocked
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Website
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Registered AddressMidc Plot No. El 6 Ttc Industrial Area Electronics Zone Mahape, Navi Mumbai, Maharashtra, India – 400710
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IndustryTelecom, Telecom Equipment & Tech Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Competitors & Alternatives of Nelco Limited
Brands and companies operating in the same space as Nelco Limited include Kymeta, Gilat Satellite Networks, Iridium Communications and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Cloud-based antenna systems for satellite communications are provided. | Seattle, United States, United States | 2012 |
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Satellite-based broadband communications solutions and services are provided. | Petah Tikva, Israel, Israel | 1987 |
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Satellite and telecommunication services are provided globally. | Mclean, United States, United States | 2001 |
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SaaS-based solutions for rail fleet operations management are developed. | Singapore, Singapore, Singapore | 1967 |
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Provider of satellite communication services | Covington, United States, United States | 1991 |
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Satellite internet services are provided for mobile broadband access. | Solna, Sweden, Sweden | 2006 |
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Satellite communication and sensor systems are provided globally. | Middletown, United States, United States | 1982 |
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Satellite and mission-control communication solutions are provided for defense applications. | Netanya, Israel, Israel | 1950 |
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Hybrid terrestrial and satellite technologies are provided for commercial communications. | Austin, United States, United States | 2001 |
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Provider of GSM and iridium-based fleet management and satellite tracking solutions | United Kingdom | 2001 |
Business Activity of Nelco Limited
Nelco Limited operates primarily in the information and communication sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Information and communication | Locked | Wired, wireless or satellite Telecommunication activities | Locked |
Detailed business activity records for Nelco Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Nelco Limited
Nelco Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2025. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | Locked | Locked | Locked |
Complete auditor history for Nelco Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Nelco Limited
Nelco Limited is currently managed by 6 directors, with 30 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
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Pradip Jyoti Nath
Also directs:
Nelco Network Products Limited, Claricent Partners Llp, Technopolis Knowledge Park Limited and 1 more
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Managing Director | 22 Jan 2013 | 13 Years 8 Months | Current |
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Lakshmi Anant Nadkarni
Also directs:
Ponni Sugars (Erode) Limited, All Time Plastics Limited
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Director | 28 Jan 2020 | 6 Years 7 Months | Current |
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Ajay Kumar Pandey
Also directs:
Nelco Network Products Limited
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Director | 28 Jan 2020 | 6 Years 7 Months | Current |
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Saurabh Ray
Also directs:
Nelco Network Products Limited
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Director | 26 Apr 2022 | 4 Years 5 Months | Current |
| Amur Swaminathan Lakshminarayanan | Director | 29 May 2022 | 4 Years 3 Months | Current |
| Vijay Bhagwanji Somaiya | Director | 27 Jan 2025 | 1 Years 7 Months | Current |
Financials of Nelco Limited FY 2025-26 filings available
Nelco Limited reported revenue of ₹306.6 Cr (up 0.57% 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 | +7.3% | +0.8% | +3.4% | +20.1% | +15.6% | +6.5% | +9.8% |
| 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 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80.03 | 79.18 | 78.30 | 74.33 | 74.79 | 67.52 | 80.72 | 82.55 |
| Revenue growth (YoY) | +7.0% | +17.3% | -3.0% | -10.0% | +1.0% | -17.3% | -3.0% | +7.7% |
| Other income | 1.20 | 1.93 | 0.72 | 1.31 | 0.76 | 2.64 | 1.57 | 1.19 |
| EBITDA | 8.32 | 5.47 | 4.01 | 7.47 | 7.74 | 6.44 | 12.18 | 10.84 |
| EBITDA margin | +10.4% | +6.9% | +5.1% | +10.0% | +10.3% | +9.5% | +15.1% | +13.1% |
| Depreciation | 5.12 | 4.92 | 5.02 | 5.09 | 4.92 | 6.43 | 5.26 | 5.18 |
| Interest | 1.27 | 0.73 | 1.44 | 1.52 | 1.18 | 1.52 | 1.51 | 1.41 |
| Profit before tax | 3.13 | 1.75 | (1.73) | 2.17 | 2.40 | 1.13 | 6.98 | 5.44 |
| Tax | 0.79 | 0.66 | (0.54) | 0.55 | 0.60 | 5.21 | 2.03 | 1.34 |
| Net profit | 2.34 | 1.09 | (1.19) | 1.62 | 1.80 | (4.08) | 4.95 | 4.10 |
| EPS (₹) | 1.02 | 0.48 | (0.52) | 0.71 | 0.79 | (1.79) | 2.17 | 1.80 |
| 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 | +2.4% | -2.2% | +14.8% | +28.3% | +12.8% | +265.4% | +1.1% |
| 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 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54.81 | 52.55 | 49.66 | 48.62 | 46.87 | 50.77 | 51.20 | 50.38 |
| Revenue growth (YoY) | +16.9% | +3.5% | -3.0% | -3.5% | -12.0% | -8.0% | -11.7% | -6.5% |
| Other income | 1.24 | 1.61 | 0.57 | 1.14 | 0.68 | 1.46 | 1.41 | 0.97 |
| Total expenses | 47.50 | 46.98 | 47.40 | 42.60 | 42.64 | 42.63 | 42.68 | 45.91 |
| EBITDA | 7.31 | 5.57 | 2.26 | 6.02 | 4.23 | 8.14 | 8.52 | 4.47 |
| EBITDA margin | +13.3% | +10.6% | +4.6% | +12.4% | +9.0% | +16.0% | +16.6% | +8.9% |
| Depreciation | 3.18 | 3.11 | 3.30 | 3.24 | 3.13 | 2.71 | 3.15 | 3.27 |
| Interest | 0.29 | 0.27 | 0.23 | 0.34 | 0.21 | 0.50 | 0.57 | 0.38 |
| Profit before tax | 5.08 | 3.80 | (0.70) | 3.58 | 1.57 | 6.39 | 6.21 | 1.79 |
| Tax | 1.28 | 1.01 | (0.13) | 0.87 | 0.41 | 6.42 | 1.82 | 0.47 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80.03 | 79.18 | 78.30 | 74.33 | 74.79 | 67.52 | 80.72 | 82.55 |
| Revenue growth (YoY) | +7.0% | +17.3% | -3.0% | -10.0% | +1.0% | -17.3% | -3.0% | +7.7% |
| Other income | 1.20 | 1.93 | 0.72 | 1.31 | 0.76 | 2.64 | 1.57 | 1.19 |
| EBITDA | 8.32 | 5.47 | 4.01 | 7.47 | 7.74 | 6.44 | 12.18 | 10.84 |
| EBITDA margin | +10.4% | +6.9% | +5.1% | +10.0% | +10.3% | +9.5% | +15.1% | +13.1% |
| Depreciation | 5.12 | 4.92 | 5.02 | 5.09 | 4.92 | 6.43 | 5.26 | 5.18 |
| Interest | 1.27 | 0.73 | 1.44 | 1.52 | 1.18 | 1.52 | 1.51 | 1.41 |
| Profit before tax | 3.13 | 1.75 | (1.73) | 2.17 | 2.40 | 1.13 | 6.98 | 5.44 |
| Tax | 0.79 | 0.66 | (0.54) | 0.55 | 0.60 | 5.21 | 2.03 | 1.34 |
| Net profit | 2.34 | 1.09 | (1.19) | 1.62 | 1.80 | (4.08) | 4.95 | 4.10 |
| EPS (₹) | 1.02 | 0.48 | (0.52) | 0.71 | 0.79 | (1.79) | 2.17 | 1.80 |
| 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 | +7.3% | +0.8% | +3.4% | +20.1% | +15.6% | +6.5% | +9.8% |
| 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% | +15.1% |
| EBITDA growth | -40.6% | -29.1% | -2.7% | +22.0% | +12.7% | -9.9% | +38.3% |
| 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% | -39.2% |
| 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 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54.81 | 52.55 | 49.66 | 48.62 | 46.87 | 50.77 | 51.20 | 50.38 |
| Revenue growth (YoY) | +16.9% | +3.5% | -3.0% | -3.5% | -12.0% | -8.0% | -11.7% | -6.5% |
| Other income | 1.24 | 1.61 | 0.57 | 1.14 | 0.68 | 1.46 | 1.41 | 0.97 |
| Total expenses | 47.50 | 46.98 | 47.40 | 42.60 | 42.64 | 42.63 | 42.68 | 45.91 |
| EBITDA | 7.31 | 5.57 | 2.26 | 6.02 | 4.23 | 8.14 | 8.52 | 4.47 |
| EBITDA margin | +13.3% | +10.6% | +4.6% | +12.4% | +9.0% | +16.0% | +16.6% | +8.9% |
| Depreciation | 3.18 | 3.11 | 3.30 | 3.24 | 3.13 | 2.71 | 3.15 | 3.27 |
| Interest | 0.29 | 0.27 | 0.23 | 0.34 | 0.21 | 0.50 | 0.57 | 0.38 |
| Profit before tax | 5.08 | 3.80 | (0.70) | 3.58 | 1.57 | 6.39 | 6.21 | 1.79 |
| Tax | 1.28 | 1.01 | (0.13) | 0.87 | 0.41 | 6.42 | 1.82 | 0.47 |
| 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 | +2.4% | -2.2% | +14.8% | +28.3% | +12.8% | +265.4% | +1.1% |
| 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% | +14.2% |
| EBITDA growth | -39.7% | -30.0% | +6.1% | +89.7% | -7.3% | +164.6% | +100.0% |
| 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% | -49.0% |
| 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 |
Shareholding Pattern of Nelco Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 50.10%, foreign institutional investors hold 5.60%, domestic institutional investors hold 0.30%, retail and other public shareholders hold 44.00% of Nelco Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 50.10% | 50.10% | 50.10% | 50.10% |
| Public | 49.90% | 49.90% | 49.90% | 49.90% |
Group Structure of Nelco Limited
Nelco Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Nelco Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Nelco Network Products Limited | U32309MH2016PLC285693 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Nelco Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Jan 2007 | Axis Bank Limited | ₹38 Cr | Open |
| 02 Feb 1996 | Union Bank of India | ₹1.67 Cr | Open |
| 14 Feb 1992 | Idbi Bank | ₹50 Cr | Open |
| 13 Jan 1992 | Bank of India | ₹15 Cr | Open |
| 05 Oct 1987 | The Investment Co-Op Bank Ltd | ₹2 Cr | Open |
Total charge records: 64 View all charges
Employees and EPFO Compliance at Nelco Limited
Nelco Limited has a workforce of 94 employees as of Oct 09, 2025.
Employee and EPFO history for Nelco Limited
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GST Compliance of Nelco Limited
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Credit Ratings, Litigation & Regulatory Alerts for Nelco Limited
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MSME Payment Delays by Nelco Limited
MSME payment history for Nelco Limited
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Subsidiaries & Group Companies of Nelco Limited
Corporate group structure for Nelco Limited
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MCA Filings & Documents of Nelco Limited
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Recent Activity on Nelco Limited
Recent News on Nelco Limited
Frequently Asked Questions about Nelco Limited
Nelco Limited is an active public limited company in the telecom sector based in Navi Mumbai, Maharashtra, India. It was incorporated on 31 August 1940 (86+ years old) and is registered under CIN L32200MH1940PLC003164. Listed on BSE: 504112 and NSE: NELCO. The company has 94 employees.
Nelco Limited reported revenue of ₹306.6 Cr for FY 2025-26 (up 0.57% YoY) based on consolidated financials.
The current directors of Nelco Limited are:
- 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 primary industry of Nelco Limited is telecom. The company specifically operates in telecom equipment and tech solutions. The company is currently active in this sector.
Yes. Nelco Limited is listed on both BSE (code: 504112) and NSE (symbol: NELCO).
Nelco Limited can be reached at the registered office: Midc Plot No. El 6 Ttc Industrial Area Electronics Zone Mahape, Navi Mumbai, Maharashtra, India – 400710, or through the website nelco.in.