Nelcast Limited held a conference call with fund managers, analysts, and investors on May 19, 2026. The meeting was conducted at 11:00 AM IST in accordance with Regulation 30 and 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has uploaded the official transcript of the discussion to its website. This document provides a detailed record of the management's commentary and the questions raised by participants during the session.

Key Details

The following table summarizes the key information regarding the conference call:

Accessing the Transcript

Stakeholders can access the full transcript of the conference call by visiting the investor relations section of the Nelcast Limited website. The document is available in PDF format for download and review. The official filing was signed by S.K. Sivakumar, Company Secretary, on May 22, 2026.

Nelcast Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at their meeting held on May 18, 2026. The company reported a significant improvement in annual profitability, driven by higher operational income, better product mix, and efficient cost management. The statutory auditors, M/s. K. Nagaraju & Associates, Chartered Accountants, issued the audit report with an unmodified opinion on both standalone and consolidated financial statements. Subsequently, pursuant to Regulations 30 and 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Nelcast informed exchanges that the audio recording of its analyst call held on May 19, 2026, to discuss the financial results for the quarter and year ended March 31, 2026, is available on the company's website. Additionally, the company has published the audited financial results in newspapers, including the Financial Express and Andhra Prabha, on May 19, 2026, as required under Regulation 47 of the SEBI LODR Regulations.

Financial Performance

For the full year ended March 31, 2026, Nelcast reported consolidated revenue from operations of ₹1,328.40 Cr, up 5.8% from ₹1,251.70 Cr in the prior year. Total income for the year reached ₹1,342.40 Cr. Consolidated PAT grew 29.9% YoY to ₹48.40 Cr from ₹37.30 Cr. Basic and diluted EPS for the year stood at ₹5.57, up from ₹4.29 in the previous year. In Q4FY26, consolidated revenue grew 11.0% YoY to ₹371.20 Cr, while PAT rose 12.7% YoY to ₹15.30 Cr. The profit before tax for the quarter was ₹2062.82 lakh.

The table below summarises the key consolidated Profit & Loss metrics:

Operational Metrics and Expenses

The company's total consolidated expenses for the year amounted to ₹127743.43 lakh. Key cost components included cost of materials consumed at ₹57668.04 lakh and other expenses at ₹40799.87 lakh. Finance costs for the year were ₹3252.98 lakh, while employee benefits expense stood at ₹8977.08 lakh. Depreciation and amortisation expense for the year was ₹2699.79 lakh. The company operates in a single primary business segment, namely Iron Castings. The consolidated results include the results of its subsidiary, NC Energy Limited, which has not yet commenced commercial operations.

Segment and Export Performance

Nelcast's revenue mix shifted meaningfully in FY26, with M&HCV contribution rising to 42% from 37% in FY25, and Tractors growing to 24% from 23%. Export revenue declined to ₹384.90 Cr in FY26 from ₹445.20 Cr in FY25, impacted by a slowdown in the U.S. economy amid geo-political headwinds, though Q4FY26 saw sequential improvement led by pre-buying ahead of emission-related changes. Nelcast's share from Tractors grew to 24.2% from 22.6% in FY25, while its share from M&HCV grew to 41.9% from 36.8% in FY25.

The sector-wise revenue breakdown for FY25 and FY26 is presented below:

Balance Sheet and Key Ratios

The consolidated balance sheet as of March 31, 2026, showed total assets at ₹1,198.70 Cr. Total equity stood at ₹599.40 Cr, up 7.9% YoY from ₹552.90 Cr. Net debt declined 20.3% YoY to ₹172.40 Cr from ₹216.20 Cr, driven by a reduction in term loans to ₹68.60 Cr from ₹107.90 Cr. Cash and cash equivalents at year-end were ₹84.80 Cr. Return on equity (ROE) improved to 8.1% from 6.7% in FY25, while ROCE rose to 10.8% from 9.0%.

Dividend, Book Closure, and AGM Details

The Board of Directors has recommended a dividend of 35%, translating to ₹0.70 per share of ₹2 paid-up value for the financial year 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. If approved, the dividend will be paid within 30 days from the date of declaration at the AGM. The 44th AGM is scheduled to be held on July 27, 2026, via Video Conferencing. The Register of Members and Share Transfer Books will remain closed from July 21, 2026, to July 27, 2026 (both days inclusive), for the purpose of the AGM and dividend determination. The record date for the dividend has been set as July 20, 2026.

Analyst Call and Investor Communication

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Nelcast has made the audio recording of its analyst call held on May 19, 2026 available on its website. The call was convened to discuss the financial results for the quarter and year ended March 31, 2026, with fund managers, analysts, and investors. The recording can be accessed at https://nelcast.com/investors/analyst-calls/audio_19052026.mp3 .

Strategic Outlook

Nelcast's investor presentation highlighted continued focus on new product development, ramp-up of the Pedapariya plant, and operational efficiency as key growth drivers. The company has an installed capacity of 160,000 Metric Tons per Year, with the potential to expand by a further 50,000 MT within existing plants with minimal investment. About 60% of power requirements are met through renewable sources, and a 1 MW in-house solar power plant has been installed at the Pedapariya plant. The company has received an investment grade rating from ICRA — A1 for short term and A for long term — on the back of adequate liquidity and strong OEM relationships. Domestic demand across M&HCV and Tractor segments is expected to remain healthy, while exports are anticipated to gradually recover as customer schedules normalise.